Agarwal was produced before a special PMLA court in Hyderabad and remanded to 15 days of judicial custody

The ED case against the accused was made out on the basis of a Hyderabad CBI Anti-Corruption Bureau FIR and chargesheet

The recent PMLA notifications issued to the G & J industry had the G & J industry reeling under its pressure and anxiety for sometime; Rohan Shah in conversation with Colin Shah, Chairman GJEPC comes forward to clear the air

For income tax purposes, cash transactions up to a threshold of Rs 2 lakh without KYC --PAN or Aadhaar -- are allowed in the gems and jewellery sector. Any sale in cash above Rs 2 lakh requires KYC

Auro Gold Jewellery Pvt Ltd and its directors Amritlal Jain and Ritesh Jain have been accused of allegedly cheating State Bank of India of Rs 387 crore

“It was a mistake to leave India. But the situation was such. The kind of pressure by anti-social elements and politicians forced me to leave India” Khan reveals in another video

The agency's zonal office in Bangalore has filed an Enforcement Case Information Report (ECIR), similar to an FIR, and has pressed criminal charges under the Prevention of Money Laundering Act (PMLA), the officials said

The agency in a statement said that the action was taken under sections of the Prevention of Money Laundering Act (PMLA) 2002

Govt sources have confirmed that India is moving ahead to bring high-value economic offenders from West Indies

The agency, which is probing the USD 2 billion alleged bank fraud said Choksi was “using several dummy companies” to rotate funds and to divert money for his personal use.

Jewellers are facing challenges in availing funds from banks following the PNB fraud case in which diamond traders Nirav Modi and his uncle Mehul Choksi are allegedly involved, a top industry official said.

Parekh was last year arrested by CBI in connection of defrauding a consortium of banks led by State Bank of India, for non-payment of loan to the tune of Rs 2,672 crore.

The Enforcement Directorate today said it has seized over 34,000 pieces of jewellery worth Rs 85 crore from the Gitanjali Group, owned by diamantaire Mehul Choksi, in connection with the Rs 13,000-crore Punjab National Bank (PNBNSE 0.39 %) fraud case. 

A bench of Justices S Muralidhar and I S Mehta were hearing a plea by Choksi's firm challenging the alleged illegal seizure of documents and articles by the probe agency in a money laundering case in connection with the over Rs 11,000 crore Punjab National Bank (PNB) fraud case.