Court issues NBW against three accused in money laundering case, ET LegalWorld
Delhi’s Rouse Avenue court has recently issued Non-Bailable Warrants (NBW) against three persons in a money laundering case linked to Rs. 1200 crores bank Fraud case. This case is related to Amira Pure Foods Private Limited. Special CBI Judge Amitabh Rawat allowed the application of the Enforcement Directorate (ED) seeking the issuance of non-bailable warrants […]
PMLA can’t be allowed to detain accused for unreasonably long period: Delhi HC, ET LegalWorld
The Delhi High Court has said that the stringent provisions of Prevention of Money Laundering Act (PMLA) cannot be allowed to detain accused persons for an unreasonably long period. It said that when “the trial is not likely to conclude in a reasonable time, Section 45 (of PMLA) cannot be allowed to become a shackle […]
SC to hear on Tuesday petitions against demolition of accused persons’ properties, ET LegalWorld
The Supreme Court is scheduled to hear on Tuesday pleas which have raised grievances that properties of persons, who are accused of some crime, were being demolished in several states. While hearing these petitions on September 2, the apex court had questioned how can anybody’s house be demolished just because he was an accused. The […]
Accused in custody in one case can seek anticipatory bail in another: SC, ET LegalWorld
The Supreme Court on Monday held that an accused, who is lodged in custody in a case, is entitled to seek anticipatory bail in another matter as long as he is not arrested in relation to that alleged offence. The apex court said there was no express or implied restriction in the statute that prohibits […]
Court grants bail to 9 persons accused in USD 15 million cyber fraud case, ET LegalWorld
The Rouse Avenue court on Thursday granted bail to nine accused persons in a transnational cyber fraud case. This case is linked to an alleged fraud committed against US citizens worth USD 15 million. In July this year, the CBI arrested 43 accused people from a Gurugram call centre in connection with the case. Special […]
If I say anything on REIT, will get accused of conflict of interest: Sebi Chief, ET LegalWorld
Capital markets regulator Sebi Chief Madhabi Puri Buch on Monday refrained from commenting on the investment vehicle, Real Estate Investment Trusts (REITs), saying if she comments on the subject she will be accused of conflict of interest. The remarks came as US short-seller Hindenburg Research raised questions about a potential conflict of interest involving Buch […]