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PMC Bank case: Praful Patel used Wadhawans’ aircraft eight times, says ED So far, the ED has attached and identified assets worth Rs 3,830 crore in the PMC money laundering case Current Affairs :Issue is mounting for previous Union pastor Praful Patel, with the Enforcement Directorate (ED) discovering his name on the traveler show of a flying machine that has a place with the Wadhawans, HDIL advertisers. The archives analyzed by the ED, which is examining the Rs 4,355-crore Punjab and Maharashtra Co-usable (PMC) Bank advance case, demonstrate that Patel utilized the airplane on numerous occasions in 2012 when he was considerate aeronautics serve. The test organization, for this situation, has held onto two air ship — Bombardier Challenger-300 VT and Falcon 2000 VT, claimed by Privilege Airways. Rakesh Wadhawan and child Sarang Wadhawan of Housing Development and Infrastructure (HDIL) are executives of Privilege Airways. As indicated by ED sources, Patel had utilized th...

‘May influence witnesses’: Delhi HC denies bail to Chidambaram in INX case “The investigation is at advance stage, therefore, this Court is not inclined to grant bail” Current Affairs  :- The Delhi High Court on Monday denied bail to previous account serve P Chidambaram for a situation identified with supposed errors in Foreign Investment Promotion Board (FIPB) endorsements for INX Media. Chidambaram had been captured by the Central Bureau of Investigation (CBI) about a month back. In its request on Monday, a solitary judge Bench of Justice Suresh Kumar Kait said that however the previous association pastor was not a flight chance and that he couldn’t in any way, shape or form alter any proof identified with the case since “reports identifying with the present case is in the authority of the arraigning organization, legislature of India and the Court”, he couldn’t be conceded bail as he could impact observers. Expressing that Chidambaram had been a solid money serve...

FEMA violation case: Jet Airways founder Naresh Goyal questioned by ED This is the first time that the central agency is grilling him after it conducted searches against him last year Current Affairs :- Fly Airways author Naresh Goyal is being addressed by the ED here on Friday for a situation of supposed repudiation of the remote trade law, authorities said. This is the first occasion when that the focal organization is flame broiling him after it directed ventures against him a year ago. Goyal’s announcement has been recorded under the Foreign Exchange Management Act (FEMA) at the office’s zonal office here, they said. Twelve premises, including Goyal’s Mumbai living arrangement, his gathering organizations, their executives and workplaces of Jet Airways, were looked in August. As per organization sources, the businessperson’s realm had 19 secretly held organizations, five of which were enlisted abroad. The office is examining charges that these organizations pur...

INX Media case: Chidambaram’s counsel seeks transcript of ED interrogation Appearing for Chidambaram, senior advocate Kapil Sibal said the agency cannot place documents in the court randomly and ‘behind the back’ for seeking custody of the accused Current Affairs :- Previous fund serve P Chidambaram’s insight on Tuesday looked for transcripts of the cross examination led by the Enforcement Directorate on three dates in the INX Media illegal tax avoidance case. The conference is in progress under the steady gaze of a pinnacle court seat of Justices R Banumathi and A S Bopanna. Showing up for Chidambaram, senior backer Kapil Sibal said the office can’t place reports in the court haphazardly and “behind the back” for looking for guardianship of the denounced. On Monday, the court reached out till Tuesday the assurance from capture given to Chidambaram in the INX Media illegal tax avoidance case held up by the Continue Reading

INX Media case: ED issues fresh lookout circular against P Chidambaram Officials said this is a preventive measure exercised by the agency as Chidambaram’s whereabouts are not known at present and he is required by them to take the probe forward in the INX Media case Current Affairs :- The Enforcement Directorate (ED) has issued a new watch out round against previous account serve P Chidambaram regarding the INX Media illegal tax avoidance case, authorities said Wednesday. They said the alarm see against the Congress chief, whose expectant bail was dropped on Tuesday, has been sent to all land, air and seaports and law implementation offices at these offices. It says the ED ought to be cautioned on the off chance that the individual is found on their premises. It additionally requests that they not enable the Congress head to cross the Indian fringe without the authorization of the ED. The authorities said this is a preventive measure practiced by the office as Chidambar...