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From rare paintings to luxury cars, Nirav Modi's assets to go under hammer Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is on the run and was last spotted in the UK Current Affairs :Uncommon works of art, stunning wrist watches and extravagance autos having a place with criminal diamantaire Nirav Modi will be unloaded from Thursday. The offer of 112 resources is being finished by Saffronart for the benefit of the Enforcement Directorate through a live sale, which will be trailed by an online one for 72 things. Modi, who has purportedly swindled state-run Punjab National Bank of over Rs 14,000 crore, is on the run and was last seen in the UK. Saffronart, which had directed a closeout of certain works of art having a place with Modi in March a year ago to bring over Rs 55 crore, said there will be a live sale of 112 things on Thursday, which will be trailed by an online sale one week from now. A 1935 canvas by Amrita Sher-Gi...

Aircel-Maxis case: CBI, ED get time till May 4 to complete probe The court had on January 28 ‘revived’ the Aircel-Maxis cases filed by the Central Bureau of Investigation and the Enforcement Directorate against Chidambaram and his son Current Affairs :A Delhi court on Thursday allowed time till May 4 to the CBI and ED to finish test in the Aircel-Maxis matter against previous Union Minister P Chidambaram and his child Karti. The Enforcement Directorate revealed to Special Judge Ajay Kumar Kuhar that Letters Rogatory (LRs) have been sent to four nations and their reaction were anticipated regarding the case. LR is given by courts on the solicitation of an examination organization when it needs data from another nation. The court had on January 28 “resuscitated” the Aircel-Maxis cases documented by the Central Bureau of Investigation and the Enforcement Directorate against Chidambaram and his child that were prior suspended ‘sine bite the dust’. The case was suspended ...

I request banks to take back 100% of their principal amount: Vijay Mallya Asked about heading back to India, he noted: I should be where my family is, where my interests are Current Affairs : Alcohol big shot Vijay Mallya by and by requested that the Indian banks reclaim 100 percent of the chief sum owed to them toward the finish of his three-day British High Court advance on Thursday against a removal request to India. The 64-year-old previous Kingfisher Airlines chief, needed in India on charges of misrepresentation and illegal tax avoidance adding up to a supposed Rs 9,000 crores in unpaid bank credits, said the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are battling about similar resources and not treating him sensibly simultaneously. I demand the manages an account with collapsed hands, take 100 percent of your chief back, promptly, he said outside the Royal Courts of Justice in London. The Enforcement Directorate joined the benefit...

ED finds 'financial link' between PFI and CAA protests; organisation denies The sources said a total amount of Rs 120 crore, credited to bank accounts linked to the PFI, are under the ED’s scanner Current Affairs :The Enforcement Directorate (ED) has discovered that the ongoing rough fights in Uttar Pradesh and different pieces of the nation against the Citizenship (Amendment) Act (CAA) had an affirmed “money related connection” with the Kerala-based Popular Front of India (PFI), a case named as “unjustifiable” by the association. Official sources said on Monday that the government test office, which is exploring the PFI under the Prevention of Money Laundering Act (PMLA) since 2018, has discovered that at any rate Rs 1.04 crore were saved in a few financial balances connected to the association between December 4 a year ago and January 6 this year in different pieces of the nation. This was when Parliament passed the law to allow citizenship to non-Muslims who were ...

Privacy risk: Report says India among 75 nations with AI surveillance tools Even as right to privacy has been declared a fundamental right, India does not have a personal data protection law yet Current Affairs News :India is bit by bit opening up to the danger of mass reconnaissance and digital snooping by the state just as maverick on-screen characters, as current innovation advances into the nation in a scene of frail protection laws. A report by international strategy think tank Carnegie Endowment for International Peace (CEIP) has said India is among 75 nations on the planet with access to present day AI reconnaissance innovation—placing it in a similar rundown as China, Russia and Saudi Arabia. The examination was distributed in September. “Numerous administrations in the Gulf, East Asia, and South/Central Asia are securing progressed explanatory frameworks, facial acknowledgment cameras, and refined observing capacities,” said Steven Feldstein, a Carnegie Endowmen...

SC seeks status report from CBI, ED on investigation in coal scam cases Top court bench says it needs to go through the case files and listed the matter for hearing on October 27. Current Affairs  :- The Supreme Court on Tuesday requested that two examination offices give it a status report on their examination of the coal square assignment trick cases. The court said it would take a commonsense view on the repatriation of Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) officials researching their cases to their parent offices. A seat of judges Deepak Gupta and Aniruddha Bose said it expected to experience the case documents as it was another seat managing the issue and recorded it for hearing on October 27. The seat said it might likewise want to have the help of senior promoter R S Cheema, who has been named as exceptional open investigator (SPP) by the top court for the coal trick cases, in the issue. The seat permitted an ED official, ...

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...