Fugitive diamantaire Nirav Modi’s sister and brother-in-law have “turned approvers” in the $2 billion PNB fraud case against him and they will help the Enforcement Directorate confiscate assets worth Rs 579 crore, the agency said on Thursday.
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In a first order of confiscation under the Fugitive Economic Offenders Act, a special court Judge directed that properties of Nirav Modi — declared FEO last December — be attached by the Enforcement Directorate. However, it significantly exempted from the list, properties secured to PNB and a consortium of banks either through mortgage, hypothecation or … Continue reading Court allows confiscation of Nirav Modi’s assets
Yes Bank founder Rana Kapoor’s daughter Roshni Kapoor was stopped by officials at the Mumbai airport on Sunday, according to news agency ANI. She was about to leave for London in a British Airways flight. This comes after the Enforcement Directorate arrested her father in connection with a probe into money laundering case involving Dewan … Continue reading Yes Bank founder Rana Kapoor’s daughter stopped at Mumbai airport
The Reserve Bank of India’s decision to place a 30-day moratorium on Yes Bank and cap withdrawals at Rs 50,000 created a scurry as panicked depositors queued up at the bank’s branches and ATMs across locations for the second consecutive day on Saturday, even as the Enforcement Directorate continued questioning its promoter Rana Kapoor.
Rashesh Shah, chairman of Edelweiss Financial Services, has been summoned to appear before the Enforcement Directorate, in relation to a probe of Capstone Forex, a Mira Road-based company, for forex violations.