Videocon Chairman Venugopal Arrested

Videocon Chairman Venugopal Arrested In ICICI Bank Money Laundering Case

The Central Bureau of Investigation (CBI) on Monday arrested Videocon chairman Venugopal Dhoot, co-accused in the ICICI bank money laundering case.

Dhoot has been arrested in Mumbai. He was also questioned by the CBI, a few days back.
On December 23, CBI arrested Chanda Kochhar and Deepak Kochhar. The couple is scheduled to remain in CBI custody till today (December 26).

CBI has alleged that Deepak Kochhar, husband of former ICICI Bank CEO-MD Chanda Kochhar, was helped by a co-accused to get the ownership of Nupower Renewables Ltd (NRL) and receive ill-gotten money.

CBI had registered a preliminary enquiry (PE) against Deepak Kochhar and Dhoot in March 2018 to probe alleged irregularities in the Rs 40,000 crore loan made by a consortium of lenders to the Videocon Group.

The agency had registered a case against Chanda, her husband, and Venugopal Dhoot, along with their companies viz NuPower Renewables, Supreme Energy, Videocon International Electronics Ltd, and Videocon Industries Limited.

During its preliminary enquiry, the CBI found six loans worth Rs 1,875 crore were sanctioned to the Videocon Group and companies associated with it between June 2009 and October 2011 in an alleged violation of laid-down policies of ICICI Bank, which are part of the probe.

The agency has said that the loans were declared non-performing assets in 2012, causing a loss of Rs 1,730 crore to the bank.

The agency on Friday arrested former Managing Director (MD) and Chief Executive Officer (CEO) of the ICICI bank Chanda Kochhar and her husband Deepak Kochhar in connection with the alleged ICICI Bank-Videocon money laundering case. (ANI)

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Nirav Modi In UK Supreme Court

Nirav Modi Loses Bid Against Extradition In UK Supreme Court

The UK Supreme Court on Thursday denied fugitive diamantaire Nirav Modi’s plea against his extradition to India.

Modi lost the bid to take his fight against extradition to India on charges of fraud and money laundering to the UK’s Supreme Court.

“The appellant’s application for permission to appeal to the Supreme Court is refused,” Lord Justice Stuart Smith said in his statement.

The diamantaire, who fled India in 2018 before details of his alleged involvement in large-scale fraud at the Punjab National Bank became public, has argued there is a high risk of suicide if he is extradited.

In November, Nirav Modi filed an application before the UK High Court for permission to appeal against his extradition to India in the UK Supreme Court. He lost the appeal on Thursday to take his fight against extradition to the UK Supreme Court.

Nirav Modi reportedly filed an application in the High Court in London, seeking permission to appeal against his extradition order, two weeks after a UK court dismissed his plea against extradition back to India.

On November 9, Nirav Modi lost his appeal against extradition to India with a United Kingdom court dismissing his plea. Earlier, the High Court of London (United Kingdom) dismissed the appeal of Nirav Modi, who is wanted in India to face money laundering and fraud cases.

The Ministry of External Affairs (MEA) later welcomed the UK High Court’s decision to reject Nirav’s plea.

“India has been vigorously pursuing the extradition of economic fugitives so that they face justice in India. We welcome the decision of the UK High Court. We want to bring him to India as soon as possible,” said MEA spokesperson Arindam Bagchi during a press conference.

Nirav Modi, who is a prime accused in the Rs 13,500 crore PNB scam, had fled India. He lost his appeal after he had moved the High Court in London against extradition on mental health grounds.

The bench of Justice Stuart Smith and Justice Robert Jay of the High Court said there are “no features of psychotic illness”.

The court rejected Nirav Modi’s counsel’s claims that he will die by suicide due to severe depression and said “Nirav Modi neither is nor is very likely to be at the most severe end of the scale of depressive illness”.

“He has so far displayed no features of psychotic illness. Although he has exhibited persistent suicidal ideation, he has neither attempted suicide or deliberate self-harm nor disclosed plans to do so, except in the vaguest and general way,” the court said.

The High Court also noted the steps taken to render Barrack 12 safe and to ensure that there is effective constant monitoring to reduce both the risk of attempted suicide and the prospect of suicide being committed.

The court noted that the Government of India sought the appellant, Nirav Deepak Modi.

Nirav Modi last year had moved the UK High Court against District Judge Sam Goozee’s Westminster Magistrate Court ruling in favour of his extradition. He is presently behind bars at Wandsworth Prison in southeast London. (ANI)

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Nora Vs Jacqueline Case

Nora Sues Jacqueline Over ‘False Statement’ In Laundering Case

Actor-dancer Nora Fatehi has filed a defamation suit of Rs 200 crore against the Sri Lankan actor Jacqueline Fernandez.

In the lawsuit, the ‘Thank God’ actor has accused Fernandez of making ‘false statements with malicious intention’.

Earlier, Fatehi had left the Enforcement Directorate (ED) office in New Delhi on Friday after being questioned in Rs 200-crore money laundering case linked to conman Sukesh Chandrasekhar.

On September 15, Nora was questioned by the Economic Offences Wing (EOW) of the Delhi Police for more than four hours along with Pinky Irani, who apparently introduced Nora and Jacqueline Fernandez to the jailed conman.

Notably, statements of Nora Fatehi were recorded under section 50 of the Prevention of Money Laundering Act (PMLA), 2002 on September 12, 2021, and October 14, 2021, wherein she stated that she got a booking for a charity event.

During the event, she was gifted a Gucci Bag and one shopping mode iPhone by Leena Paulose. (wife of Chandrashekhar)

According to ED, during the investigation, searches were conducted at various places linked to Sukesh Chandrashekar and his associates. During the search, 16 high-end vehicles were seized under section 17 PMLA and these cars were either in the name of the firms owned by Leena Paulose or third parties.

It further emerged that Sukesh knowingly created the structure for layering and transferring proceeds of crime and thus, actively participated in the process of money laundering. (ANI)

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Jacqueline Laundering Case

Jacqueline Appears Before Delhi Court In Laundering Case

Actor Jacqueline Fernandez on Monday arrived at the Patiala House Court in the national capital in connection with the Rs 200 crores money laundering case involving conman Sukesh Chandrashekhar.

On November 30, the Delhi Police arrested Mumbai-based Pinky Irani who is said to be a close aide of Chandrashekhar, and introduced him to Bollywood actor Jacqueline Fernandez.

According to the Economic Offences Wing (EOW), the accused Pinky Irani used to portray him (Sukesh) to be a business tycoon, and the accused used to be instrumental in facilitating certain Bollywood personalities to contact with main accused Sukesh Chandrasekhar.

It is also alleged that accused Pinky Irani has been instrumental in disposing off the amount of money extorted from the complainant and other sources.

Jacqueline's Costume Designer

Earlier, Delhi Police also recorded the statement of Bollywood actor Jacqueline Fernandez in the court under Section 164 after she said she wanted to give some important information in the Rs 200 crore fraud case involving conman Sukesh Chandrashekhar.

The Delhi Police Economic Offence Wing (EOW) filed a charge sheet naming 14 accused including Conman Sukesh Chandrashekhar, his Wife Leena Maria Paul, and others in 2021. The Chargesheet was filed under various sections of IPC and provisions of the Maharashtra Control of Organised Crime Act (MCOCA).

According to the EOW, Leena, Sukesh with others used Hawala routes, creating Shell companies to park the money earned from proceeds of crime.

Delhi Police’s EOW had registered an FIR against Chandrasekhar for allegedly duping the spouses of former promoters of Ranbaxy, Shivinder Singh, and Malvinder Singh, of Rs 200 crores besides ongoing investigations against him in several cases across the country.

According to the Prosecution, the EOW extended its investigation into the case related to extortion of over Rs 200 crore, by Rohini jail inmate Sukesh Chandrasekar for allegedly duping wives of former Religare promoters Malvinder and Shivinder Singh, who are currently in Tihar jail.

Investigations revealed that the accused Sukesh Chandrasekar had duped Shivinder’s wife Aditi Singh and Malvinder’s wife Japna Singh worth over several crores of rupees. The women claimed that they have paid crores of rupees to the conman to secure bail for their husbands and ensure their safety, posing as an officer from the Union Law Ministry.

Chandrasekhar and his associates allegedly took money from Aditi after posing as government officials and promising to get bail for her husband. As per reports, Chandrasekhar persuaded Aditi to transfer money by impersonating a central government official over a spoof call while he was lodged in Rohini jail and promised to manage bail for her husband.

Both Chandrasekhar and his actor wife Leena Maria Paul were arrested by the Delhi Police in September last year for their alleged role in the duping case. (ANI)

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ED on money laundering case

ED Searches In 16 Locations, 3 Metros On Money Laundering Charges

The Directorate of Enforcement (ED) has searched 16 premises across Chennai, Mumbai, and Delhi covering the office and residential premises of a few firms and their promoters under the Prevention of Money Laundering Act, 2002.

They are Securekloud Technologies Limited, Pro Fin Capital Services Limited, Quantum Global Securities Limited (QGSL), Unity Global Financial Services Pvt Limited, and Desert River Capital Pvt Ltd.
In this matter, the searches conducted led to the seizure of Rs 1. 04 crores in cash, gold, and diamond jewellery, the identification of immovable properties of more than Rs 30 crore and other movable assets in various DEMAT accounts as well as the seizure of incriminating documents and digital evidence.

The agency has initiated a money laundering investigation on the basis of an FIR filed on February 02, 2019, which was filed by Suresh Venkatachari, the promoter, and CEO of Securekloud Technologies Limited.

PMLA investigation revealed that the directors and beneficial owners of these share brokerage and financial services companies have transferred the shares worth Rs.160 crore off-market and subsequently sold the same to generate huge proceeds of crime, the agency said in a statement on Friday.

“The investigation also revealed that the complaint lodged by the Promoter of STL was misleading as he and his CFO are involved in the larger conspiracy of the cheating public by way of inflating the books of the company, diverting funds of the company to the unrelated business activities of the companies having stakes of CFO and CEO of STL (Securekloud),” it added.

Further investigation is under progress, the agency said. (ANI)

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Jailed Minister Satyendar Jain

Delhi Court Defers Satyender’s Bail Plea Till Tomorrow

The CBI Court at Rouse Avenue on Wednesday deferred for tomorrow the pronouncement of the order on bail petitions of Delhi Minister Satyender Jain, and two others in the Money Laundering case.

Enforcement Directorate (ED) arrested Satyender Jain on May 30.
Special CBI Judge Vikas Dhull on Wednesday said the order copy is not ready for all three accused. It will take some time. Will pass the order tomorrow at 2 pm.

The Court on November 11, had kept the order reserved after the conclusion of arguments from all sides.

During arguments, it was submitted on behalf of Jain that the investigation related to the applicant has been completed and a charge sheet has been filed. No case of money laundering is made out against the applicant.

Senior advocates N. Hariharan and Rahul Mehra submitted that it is alleged that a conspiracy for money laundering was hatched in 2010. At the time neither Jain was an MLA nor a Minister. So how could he hatch a conspiracy for money laundering?

It was also submitted that as per the charge sheet the other accused have admitted that the money allegedly laundered belongs to them. Jain has nothing to do with the companies in question.

On the other hand, the bail plea was opposed by the ASG for ED. The ASG S V Raju submitted that there are witnesses and materials sufficient to make out a case of money laundering against the accused.

ASG submitted that the accused was involved in money laundering with other accused. He sent money to Kolkata-based companies and that money belong to Jain. He is the conspirator and kingpin.

ED also raised the issue of special treatment given to Satyender Jain in the Tihar Jail. Special food is being provided to him and getting massages from unknown people. Most of the time he is either in the hospital or in jail enjoying these facilities, said the ED.

The enforcement agency has alleged that the companies which were “beneficially owned and controlled” by Jain had received accommodation entries amounting to Rs 4.81 crore from the shell companies against cash transferred to Kolkata-based entry operators through a hawala route.

The ED case is based on a Central Bureau of Investigation (CBI) complaint registered on the allegation that Satyender Jain had acquired movable properties in the name of various persons from February 14, 2015, to May 31, 2017, which he could not satisfactorily account for. (ANI)

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Sukesh Chandrashekhar letter

Ready To Be Hanged: Sukesh Chandrashekhar Writes Another Letter

Releasing another letter, Jailed conman Sukesh Chandrasekhar, who is facing several cases of corruption under the Prevention of Corruption Act and Money Laundering Act alleged that he was ready to be hanged if any of the issues he has raised to Delhi LG turned out to be wrong.

In his press letter provided by his lawyer, Sukesh said, “(Delhi CM) Kejriwal Ji, if any of my raised issues to Delhi LG turn out to be wrong as you and your associates said, I am ready to be hanged. But if the complaint is proven true, you will resign and retire from politics for good.”
He also alleged that Aam Adami Party’s Satyendar Jain asked him to pay money to the party for the Goa and Punjab elections.

“I kept quiet and ignored everything but due to your constant threats and pressure through the Jail administration and Mr. Jain asking me to give funds during Punjab and Goa polls, brazenly even though I was undergoing investigation,” Sukesh wrote.

Rejecting the AAP’s allegations that he was lying, Sukesh Chandrasekar said if he was lying then why the jail administration was pressurizing him or being coerced to withdraw his earlier complaint?

“Kejriwal Ji why was Mr. Jain constantly asking me to withdraw the complaint filed in HC against former DG Sandeep Goel and the Jail administration? Why was I constantly threatened apart from asking me to give more funds for your election Campaigns? Why afraid of enquiry? What are you scared off if you are truthful?” he said in his letter.

Chandrashekar rejected the allegations of AAP leaders that he was trying to malign the image of the party and its leaders at the behest of the BJP ahead of the Delhi MCD elections.

“Kejriwalji doesn’t keep saying all this is being done because of elections, let me tell you something and give to a piece of advice. You know me very well. You and Mr. Jain are among the few people, who know me very well so, don’t hallucinate that won’t give evidence against all that I have said or won’t testify. I will give every single thing that I have, which you know very well, as your mask has to be removed in open. Please Kejriwalji don’t daydream about winning elections as people are seeing everything, your Drama won’t work anymore, your karma, your lies, you will be defeated badly for sure,” he further wrote.

Earlier on Monday, he wrote another letter to Delhi LG Lieutenant Governor Vinai Kumar Saxena requesting the CBI probe against Aam Aadmi Party (AAP).

In his latest letter to Delhi LG, Chandrashekhar wrote, “I request you to direct an urgent CBI investigation and allow me to file FIR as the pressure is getting too much and any undue event may take place before the truth about AAP is exposed,” he wrote.

Alleging that he is being threatened by AAP leader Satyendar Jain and ex-DG (Prisons) of Tihar jail after his complaint to the Delhi L-G went public, he said, “After my last application was released on media, from last two days there has been a severe threat that I have been receiving from the jail administration on behalf of Mr. Satyendar Jain and DG prison Sandeep Goel.” (ANI)

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Soren Summoned in Illegal Mining Case

Soren Summoned In Illegal Mining Case On November 3

The Enforcement Directorate (ED) has summoned Jharkhand Chief Minister Hemant Soren, asking him to appear for questioning on November 3 in its ongoing probe into an illegal mining case, sources said on Wednesday.

Soren has been asked by the agency to appear before its Jharkhand’s Ranchi-based regional office by 11.30 am.
The ED’s move came almost a month after it seized a passbook and a cheque-book, including two signed cheques, of Soren from the home of his alleged close associate Pankaj Mishra, who enjoyed political clout being the representative of Soren and exercised considerable control over illegal mining businesses as well as inland ferry services in Sahebganj and its adjoining areas through his accomplices. Mishra is in judicial custody now for exercising control over the mining of stone chips and boulders as well as the installation and operations of several crushers set up across various mining sites in Jharkhand’s Sahebganj district.

The ED made the revelations after it filed a Prosecution Complaint under the Prevention of Money Laundering Act (PMLA), 2002 before the special court at Jharkhand’s capital Ranchi against Pankaj Mishra, Bachhu Yadav, and Prem Prakash.

During the investigation, 47 searches were conducted by the ED throughout India on several dates resulting in the seizure of Cash amounting to Rs 5.34 crore, freezing of bank balances amounting to Rs 13.32 crore, freezing of an inland vessel MV Infralink -III, reg. No- WB 1809, 5 number of stone crushers, two Hyva trucks besides the seizure of incriminating documents along with two numbers of AK 47 Assault Rifles.

ED had arrested Pankaj Mishra on July 19, Bachhu Yadav on August 4, and Prem Prakash on August 25. All the accused persons arrested so far are presently in judicial custody.

ED initiated a money laundering investigation on the basis of the First Information Report registered by Barharwa Police Station, Sahebganj under various sections of the Indian Penal Code, 1860, against Pankaj Mishra and others.

Later on, several FIRs regarding illegal mining lodged under IPC, Explosive Substances Act, and Arms Act have also been taken into the ambit of scheduled offenses.

To date, the ED has identified Proceeds of Crime relating to illegal mining to the tune of more than Rs 1,000 crore in this case.

“PMLA Investigation revealed that Pankaj Mishra, who enjoys political clout, being the representative of the Chief Minister, MLA from Barhait, Sahebganj, Jharkhand controls the illegal mining businesses as well as inland ferry services in Sahebganj and its adjoining areas through his accomplices,” the ED had said earlier in a statement.

Proceeds of Crime amounting to Rs 42 crore approximately acquired by Pankaj Mishra have been identified till date, the ED has said. (ANI)

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Early Hearing On Bail Plea Of Jain In Money Laundering Case

The Central Bureau of Investigation (CBI) court at Rouse Avenue Court complex on Thursday allowed the plea for an early hearing on the bail application of Delhi Minister Satyender Jain in a money laundering case.

The matter has been listed for tomorrow. He was arrested in May this year.
Special CBI judge Vikas Dhull allowed the plea for an early hearing on the bail application of Satyender Jain.

The Delhi High court on October 1, dismissed the plea of Jain challenging the trial court order transferring his money laundering case to another judge. The question is not of integrity or uprightness of the Judge but of apprehension in the mind of a party (ED), the High Court noted.

Thereafter, Jain moved to the Supreme Court. Later the plea was withdrawn.

Satyender Jain had challenged the order of September 23, 2022, passed by the Principal District and Sessions Judge transferring his money laundering case from one court to another court.

His bail plea hearing was transferred to the court of Vikas Dhull from another court after hearing the application moved by the Enforcement Directorate.

Justice Yogesh Khanna noted in the order that the question is not of integrity or uprightness of the Judge but of apprehension in the mind of a party (ED).

Justice Khanna while passing the order observed that the facts show that the Enforcement Directorate (ED) did not merely harbor an apprehension of bias but had acted upon it as well by rushing to the HC and therefore the apprehension cannot be said to be flimsy or not reasonable.

The court has further observed, “the apprehensions raised were not at a belated stage, as the request for an independent medical evaluation were consistently made.”

The court held that the district judge while transferring the case has considered all these aspects and therefore does not suffer from any illegality and does not require any interference.

The Enforcement Directorate (ED) had contended that the doctors and jail authorities were managed as the accused earlier had the Health and Jail Department portfolio as Delhi cabinet Minister.

The ED had initiated the money-laundering investigation on the basis of a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI) on August 24, 2017.

The FIR was registered under Section 13(2) and 13(1)(e) of the Prevention of Corruption Act, 1988 against Satyendar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain, Ankush Jain. (ANI)

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SC Anil Deshmukh's Bail

SC Refuses To Cancel Anil Deshmukh’s Bail

The Supreme Court on Tuesday refused to cancel the bail granted to former Maharashtra’s former home minister and Nationalist Congress Party (NCP) leader Anil Deshmukh in the money laundering case lodged against him by Enforcement Directorate (ED).

A bench headed by Justice DY Chandrachud refused to interfere with the Bombay High Court order which granted bail to Deshmukh.
The bench clarified that the observations made by the High Court will not influence the trial and are only confined to the issue of bail.

Enforcement Directorate has approached the apex court challenging the Bombay High Court’s order granting bail to Deshmukh, who was arrested in connection with a money laundering case.

On October 4, the Bombay High Court had granted bail to Deshmukh in a money laundering case being investigated by the ED.

The High Court had ordered that the bail order would be effective from October 13, in order to enable the ED to file an appeal before the Supreme Court.

Deshmukh will continue to be lodged in judicial custody in Arthur Road prison as he is also being investigated by the Central Bureau of Investigation (CBI) in a corruption case.

Earlier, on Deshmukh’s plea, the top court had directed the High Court to hear and decide expeditiously his bail plea.

The top court had expressed displeasure that the Bombay High Court has kept the bail application of Deshmukh pending for so many months and asked it to hear the plea of Deshmukh within this week and decide it expeditiously.

It had noted that Deshmukh’s bail plea is pending in the High Court since March 21 and it observed that keeping bail applications pending for eight months is not in consonance with the jurisprudence of bail.

Deshmukh had sought bail from the High Court in the money laundering case being investigated by the Enforcement Directorate after the Special Court declined his plea.

Deshmukh was arrested by the ED in November 2021 and is currently in judicial custody.

According to the ED, Deshmukh had misused his position as state home minister and collected Rs 4.70 crore from various bars in Mumbai through some police officers. (ANI)

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