हिंदी समाचार पढ़े
Expand
O.P. Jindal Global University
 
Home / Latest News / Money laundering case: Court issues open-ended NBWs against Sterling Biotech owners

Money laundering case: Court issues open-ended NBWs against Sterling Biotech owners

January 05, 2019:

On Saturday, a Delhi Court issued open-ended non-bailable warrants (NBWs) against 4 directors of a Gujarat pharma firm in a ₹8,100-crore money laundering probe case.

Fraud Case
Fraud Case

Additional Sessions Judge Satish Kumar Arora allowed the Enforcement Directorate’s plea seeking issuance of NBW against Sterling Biotech Ltd (SBL) directors Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara, Dipti Chetan Sandesara and Hiteshkumar Narendrabhai Patel.

The ED has registered the alleged bank fraud case against the firm SBL under sections of the Prevention of Money Laundering Act (PMLA).

The accused are also being probed by the ED for allegedly bribing senior income tax department officials as part of an earlier criminal complaint.

The agency had on Dec 24 last year informed the court that it wanted to approach Interpol for issuance of Red Corner Notice (RCN) against the SBL’s directors.

The ED’s special public prosecutor Nitesh Rana had told the court that the Interpol guidelines for opening RCN against the four accused persons required open-ended NBWs from the court.

An “open-ended NBW” does not carry a time limit for execution unlike non-bailable warrants.

The ED had earlier told the court that the accused persons have left the country under suspicious circumstances and evaded the process of law to face criminal prosecution and that they were “shifting countries to escape the clutches of the law”.

The court had earlier issued NBW against all the four accused which could not be executed because of the “unavailability of the aforesaid concerned persons”.

The agency has also attached a number of properties belonging to the accused and a charge sheet was filed against them and others.

The ED had told the court that it was suspected that the accused were in Nigeria, the United States or the United Arab Emirates because they have extensive business interests in these countries.

Source Link

Facebook Comments

 
Related tags :
 

TOI

TOI

Hindu

Let Justice Be Let Justice Be

TOI

TOI

Hindu

Missing the Point Missing the Point pic by english blog TOI

Hindu

Acheche DIn Acheche Din     pic by sify Tax Reforms    by Hindu Tax Reforms by Hindu

TOI

Hindu

Hindu

IBN IBN

Humour @ Latest Laws Achhey Din Humour @ Latest Laws: Achhey Din If India takes One Step, we will take Two by Satish If India takes One Step, we will take Two ...................by Satish 150425_-_farmers_a_2384764f

Hindu

Netas in Election mode Netas in Election mode State of Two Nations State of Two Nations               pic by sandeep Demonitisation Diaries 2 Demonitisation Diaries 2  pic by sify UIDAI Leaks UIDAI Leaks NPA Hurts Public Sector Banks NPA Hurts Public Sector Banks ALL_1_Theme_01A_24_2383617g

Hindu

TOI Alligator vs Litigator Alligator vs Litigator Demonitisation Diaries 1 Demonitisation Diaries 1                                  pic by sify   Job Hazards State of JudiciaryState of Judiciary by Sandeep Adhwaryu of TOI TOI

Hindu

Soaring of Oil Prices pic by indiaone

...as an eminent lawyer you ought to know that your action tantamount to, under Section B, sub-section G.VIX, read along with I.P.C. (A) XI (B), notwithstanding...                                        TOI

Hindu

Hindu

Cartoon

TOI

Hindu Belts are for Dogs Belts are for Dogs Hindu Donald Trump’s immigration ban Donald Trump’s immigration ban Painting India Saffron Painting India Saffron TOI Hindu Pakistan Democracy Pakistan Democracy [caption id="attachment_97467" align="alignleft" width="621"]Humour with Latest Laws Humour with Latest Laws[/caption] Lawyers Bearing the Burden Literally Lawyers Bearing the Burden Literally pic by OMG Four Pillars of Democracy Four Pillars of Democracy             by Satish

TOI

Hindu

Hindu

Demonitisation Diaries Demonitisation Diaries                                                       by sify Hindu TOI Time to straighten up Time to straighten up                pic by TOI State of Affairs Women Safety: State of Affairs             pic by mangal

TOI

Hindu Hindu

Hindu Hindu

TOI

Pic by Hindu Women Empowerment and Sports Women Empowerment and Sports Delivery Boy Delivery Boy                    by Satish America First Walk Your own Talk Auto Driver thrashed for no fault Auto Driver thrashed for no fault,                  source oneindia Hindu Hindu

Hindu Hindu

pinterest

TOI
Download our App
ios icon
android icon
 
 
 

Check Also

Ad Hoc and Institutional Arbitration By Jyotsana Uplavdiya

Senior Advocate criticizes Govt. for not playing “proactive role” in making India an International Arbitration Hub

March 23,2019: Senior Advocate Arvind Datar has stated that,”Government is not playing a “proactive role” in making India an international arbitration hub”. Senior Advovate Arvind Datar, is also Director of Nani Palkhivala Arbitration Centre (NPAC) stated that though there are thousands of domestic arbitration cases in India, most public ...

Leave a Reply

Your email address will not be published. Required fields are marked *