Tag: Money laundering

2021 will witness lot of regulatory efforts channelled towards virtual assets: SBI official

NEW DELHI: The use of crowdfunding websites create additional risk and the year 2021 will see a lot of regulatory effort channelled towards virtual assets, a senior SBI official said on Monday. Addressing a virtual ‘AML/CFT Conference 2020′, Sujit Kumar Varma, SBI’s Deputy Managing Director (Corporate Accounts Group) said that the trade-based money laundering remains […]

ED attaches Rs 34 crore assets of Gujarat company for ‘money laundering’

NEW DELHI: Assets worth over Rs 34 crore of a Gujarat-based firm have been attached under the anti-money laundering law in connection with an alleged bank fraud case, the Enforcement Directorate said on Saturday. The Enforcement Directorate (ED) probe pertains to Biotor Industries Limited and its managing director, Rajesh M Kapadia, and others, which is […]

ED arrests Karnataka Congress leader DK Shivkumar for ‘money laundering’

NEW DELHI: The ED Tuesday arrested Congress’s troubleshooter from Karnataka D K Shivakumar here in connection with a money laundering case following repeated questioning over the past few days, officials said. The former cabinet minister and sitting MLA from Kanakapura seat appeared before the central probe agency for questioning for the fourth time on Tuesday […]

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