In case of acquittal his assets that have been provisionally attached by the adjudicating authority under Prevention of Money Laundering Act will be released,” said informed sources.
Sena workers gathered near the statue of Tara Rani in the city and raised slogans against the ED's action on party leader Parab, and put up a banner criticising the probe agency.
Jharkhand money laundering probe: Remand of IAS Pooja Singhal, CA Suman Kumar extended for four days
The Enforcement Directorate, after interrogation for over 15 hours, had arrested mining secretary Pooja Singhal on Wednesday in a money laundering case.
The 2000-batch Indian Administrative Service (IAS) officer was taken into ED custody under the relevant sections of the Prevention of Money Laundering Act (PMLA).
The federal agency is expected to record the statement of the 2000-batch Indian Administrative Service (IAS) officer under the Prevention of Money Laundering Act (PMLA).
The top court has set aside a Madras High Court order that had dismissed his plea seeking quashing of proceedings related to the Prevention of Money Laundering Act (PMLA) case
They questioned the validity of the private complaint and the order passed by the III Additional Sessions Court, Mangaluru, on May 24, 2016, to take cognisance of the offences.
Malik had earlier told the court that was unwell due to kidney ailments and had swelling in his legs.
The fintech firms utilised their own funds received from abroad, mainly from China, to issue short-term loans through non-banking financial companies (NBFCs), the agency added.
The companies' bank accounts were being operated or controlled by Chinese nationals, on whose instructions they were incorporated.
As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act (PMLA)
It has been claimed that for usurping "this property, members of the D-Gang and Nawab Malik connived together and executed several legal documents to put a facade of genuinity over this criminal act".
Channi's nephew Bhupinder Singh alias Honey was arrested in this case by the agency days before the February 20 Punjab Assembly polls.
In January 2020, Vigilance officers had conducted simultaneous searches at Pradhan’s property over allegations of amassing disproportionate assets.
The Enforcement Directorate had arrested Malik on February 23 over a land deal concerning an aide of underworld don Dawood Ibrahim.