Pmla Court

PNB fraud case: 12 luxury cars of fugitive businessmen Nirav Modi, Mehul Choksi auctioned at Rs 3.29 cr

The ED had in March obtained the permission of a special PMLA court in Mumbai for auctioning 12 cars of the Modi-Choksi duo as part of its money laundering probe in the Rs 13,500-crore alleged bank loan fraud.

PNB fraud case: Mehul Choksi moves Bombay High Court against non-consideration of plea on health grounds

Mehil Choksi and his nephew diamantaire Nirav Modi are absconding after the biggest financial fraud came to light in February 2018 and are facing extradition from Antigua and Britain, respectively.

Vijay Mallya tries to obfuscate again: Attachment of assets worth Rs 14,000 crore doesn’t mean justice has been served

Vijay Mallya’s is an alleged heinous financial crime involving money laundering and gaming the banking system particularly loan sanctions to suit his ends.

Sale of Vijay Mallya's 74 lakh shares in UBHL fetches Rs 1,008 crore; more stake sell-off to follow soon: ED

Subsequently, the ED said, the recovery officer of the DRT, Bangalore published a notice early this month for the sale of a total of 74,04,932 shares of UBHL.

Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today

This is the first sale of Vijay Mallya's confiscated assets by the authorities since he left the country in March 2016

PNB fraud: Enforcement Directorate gets PMLA court's permission to auction 173 paintings, 11 cars belonging to Nirav Modi

Last week, the court had issued a non-bailable warrant against Ami Modi, wife of Nirav Modi, a key accused in the $2 billion Punjab National Bank fraud case.

SBI plea to liquidate Vijay Mallya's properties to recover dues opposed in Karnataka High Court

Vijay Mallya left the country in early March 2016 and is currently fighting off extradition proceedings in the London high court.

Former Kingfisher boss Vijay Mallya bags India’s first-ever economic offender tag: Defiance finally pays its price

The tag of an economic offender ostracises Mallya not only from the financial system but even makes access difficult for the baron from otherwise available civil rights to fight his cases

Nirav Modi terms PNB scam 'civil transaction' that is being exaggerated; cites security reasons for not returning to India

Nirav Modi and his uncle Mehul Choksi, who are both wanted in India for loan default, fled the country in the first week of January last year after their companies were found cheating the state-run PNB of Rs 13,000 crore.

Mumbai special court rejects Vijay Mallya's petition seeking stay on declaring him fugitive economic offender

The decision from the judicature came after five parties, including a family member of Vijay Mallya, sought court dossiers with regard to the ED seeking to get Mallya declared a fugitive economic offender under the new law.