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RBI Intensifies Scrutiny on Banks Post-Paytm Payments Bank Lapses

Ut World February 16, 2024 0

In the wake of the Reserve Bank of India’s (RBI) recent crackdown on Paytm Payments Bank for regulatory failures, the Financial Intelligence Unit (FIU) has identified approximately 50,000 bank accounts across various banks lacking proper Know Your Customer (KYC) documentation, raising Continue Reading

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Charges Filed Against Journalist Rana Ayyub Over Alleged Money Laundering

Ut World October 13, 2022 0

A chargesheet filed by the Enforcement Directorate names journalist Rana Ayyub, a vocal opponent of the Prime Minister Narendra Modi-led administration, in relation to alleged money laundering involving funds she allegedly raised from the general public for social welfare work, including COVID-19 relief. A month after the first COVID-19 lockdown began, in April 2020, Ms. Continue Reading

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Jacqueline Fernandez “Victim Of Conspiracy”, Was Conned: Lawyer

Ut World August 18, 2022 0

The actor, according to Jacqueline Fernandez’s lawyer, is a “victim of conspiracy.” The declaration was made the day after the actor was charged with money laundering. The Enforcement Directorate, often known as the ED, is looking into a money trail in the Chandrashekar-related extortion case and has implicated Jacqueline Fernandez in a supplemental Continue Reading

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Actor Jacqueline Fernandez Laundered Money, Says Enforcement Directorate

Ut World August 17, 2022 0

In the money laundering case against conman Sukesh Chandrashekar, who is suspected of demanding extortion payments totaling a staggering 200 crore, actor Jacqueline Fernandez has been identified as a defendant. The Enforcement Directorate (ED), which is looking into the money trail in the extortion case, has listed the actor as one of the defendants in […]Continue Reading

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“Pyramid Fraud”: Consumer Goods Seller Amway India Frozen 750 Crore

Ut World April 19, 2022 0

The Enforcement Directorate announced on Monday that assets worth over 757 crore belonging to Amway India, a direct-selling consumer goods company, had been attached under the anti-money laundering law. Amway India Enterprises Pvt Ltd.’s provisionally attached properties include land and a factory building in Tamil Nadu’s Dindigul district, as well as plant and Continue Reading

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Malaysian ex-PM’s stepson booked in money laundering case

Ut World July 5, 2019 0

The stepson of Malaysian ex-Prime Minister Najib Razak has been arrested on the changes of money laundering. As per the case, he has misappropriated money from the 1MDB state investment fund and channelled the misappropriated money into the bank accounts of his Red Granite Picture Inc film production company, which has produced several acclaimed films […]Continue Reading