Search Results

ED sources said retraction of statements is a strategy sometimes adopted in probe involving statements recorded under Section 50 of the Prevention of Money Laundering Act (PMLA).

Hassan was threatened with legal action against his daughter unless he gave a statement naming Veena and others, the MLA said.

The agency has sought legal opinion on invoking the Foreign Exchange Management Act (FEMA), as hawala transactions are suspected in the case.

According to sources, the agency is now examining not only transactions between CMRL and Exalogic but also the role of related entities.

Sources said the agency was not satisfied with the clarity of some of the responses provided at that time, following which she was summoned to appear before the Kochi office.

The state government had argued that an FIR could be registered only after conducting a preliminary inquiry.