Latest news with #1988
Canada News.Net
5 days ago
- Business
- Canada News.Net
Delhi court dismisses money laundering case against Ratul Puri, Moser Baer and 11 others
New Delhi [India], July 25 (ANI): The Rouse Avenue Court has dismissed a money laundering case against businessman Ratul Puri, Moser Baer India Limited, and 11 other accused persons, following their discharge in the main case registered by the Central Bureau of Investigation (CBI). Special Judge (CBI) Sushant Changotra on Thursday dismissed the Enforcement Directorate's complaint against Moser Baer India Limited, Ratul Puri, Rajiv Agarwal, Rajiv Saksena, Shivani Saksena, Ajit Singh Bubber, M/S Tanay Holding Ltd., M/S Matrix Group Limited, M/S Pacific International FZC, M/S Tiramisu Holdings INC, M/S Midas Metals International LLC, M/S Indian Hydro Electric Power Pvt Ltd. And M/S Hindustan Power Projects Pvt Ltd. Special Judge stated, 'Thus, in view of the aforementioned facts and settled proportion of law, I am of the considered opinion that the offence under section 3 read with section 70 and punishable under section 4 of PMLA does not survive.' ' Accordingly, the present complaint is dismissed. The proceedings of this complaint case stand closed,' Special Judge Changotra ordered on July 24. However, the court added that the Enforcement Directorate (ED) would be at liberty to reopen proceedings if the discharge order dated May 24, 2025, is set aside by a higher court. The present complaint case arose out of a predicate offence registered by the CBI vs. M/s Moser Baer India Ltd. & Ors under section 120-B, 420, 468 & 471 IPC and section 13 (2) r/w 13 (1) (d) of Prevention of Corruption Act, 1988. Advocate Vijay Agarwal, appearing for Ratul Puri, argued that under Section 3 of the PMLA, the existence of 'proceeds of crime' is a sine qua non (an essential condition) for prosecuting a money laundering offence. Since the Special CBI Court had already discharged all accused on May 24, 2025, the money laundering charges could not stand. The court also considered the ED's arguments that the discharge order was not final until appeal, and references to the Supreme Court's pending review in ED vs. Gagandeep Singh, but held that such contentions had been exhaustively dealt with by the Delhi High Court. (ANI)
The Hindu
5 days ago
- Business
- The Hindu
Delhi court dismisses money laundering case against Ratul Puri, Moser Baer and 11 others
The Rouse Avenue Court has dismissed a money laundering case against businessman Ratul Puri, Moser Baer India Limited, and 11 other accused persons, following their discharge in the main case registered by the Central Bureau of Investigation (CBI). Special Judge (CBI) Sushant Changotra on Thursday (July 24) dismissed the Enforcement Directorate's complaint against Moser Baer India Limited, Ratul Puri, Rajiv Agarwal, Rajiv Saksena, Shivani Saksena, Ajit Singh Bubber, M/S Tanay Holding Ltd., M/S Matrix Group Limited, M/S Pacific International FZC, M/S Tiramisu Holdings INC, M/S Midas Metals International LLC, M/S Indian Hydro Electric Power Pvt Ltd. And M/S Hindustan Power Projects Pvt Ltd. Special Judge stated, "Thus, in view of the aforementioned facts and settled proportion of law, I am of the considered opinion that the offence under section 3 read with section 70 and punishable under section 4 of PMLA does not survive." 'Accordingly, the present complaint is dismissed. The proceedings of this complaint case stand closed,' Special Judge Changotra ordered on July 24. However, the court added that ED would be at liberty to reopen proceedings if the discharge order dated May 24, 2025, is set aside by a higher court. The present complaint case arose out of a predicate offence registered by the CBI vs. M/s Moser Baer India Ltd. & Ors under section 120-B, 420, 468 & 471 IPC and section 13 (2) r/w 13 (1) (d) of the Prevention of Corruption Act, 1988. Advocate Vijay Agarwal, appearing for Ratul Puri, argued that under Section 3 of the PMLA, the existence of 'proceeds of crime' is a sine qua non (an essential condition) for prosecuting a money laundering offence. Since the Special CBI Court had already discharged all the accused on May 24, 2025, the money laundering charges could not stand. The court also considered the ED's arguments that the discharge order was not final until appeal, and references to the Supreme Court's pending review in ED vs. Gagandeep Singh, but held that such contentions had been exhaustively dealt with by the Delhi High Court.
Hindustan Times
22-07-2025
- Hindustan Times
Gurugram traffic police issues 1,216 challans under drink and drive crackdown
Gurugram Traffic Police issues 1,216 challans from July 1 to 20 under a special campaign to curb drunk driving. (Image is for representative purposes only) Check Offers Gurugram Traffic Police has reportedly issued a total of 1,216 challans from July 1 to 20 under a special drive against 'Drink & Drive' offenders. The campaign led by IPS, Vikas Arora and DCP Traffic, Rajesh Mohan, is an effort to make the roads safer by maintaining law and order on the public roads. Drinking and driving leads to fatal road accidents and is punishable by law under Section 185 of the Motor Vehicle Act, 1988. According to further details published by the Traffic Police department, about seven of these challans were issued to female drivers and one vehicle was impounded. A user also commented on the social media post made by the authority, raising concerns about people being allowed to drive after the challans. He wrote: 'The whole intent of this drive is no one should drink and drive. Even after challan, the person continues to drive his vehicle. Have you impounded all 1216 vehicles? If not, then challans are only helping the treasury." 𝐆𝐮𝐫𝐮𝐠𝐫𝐚𝐦 𝐓𝐫𝐚𝐟𝐟𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐞 𝐨𝐧 𝐃𝐫𝐢𝐧𝐤 & 𝐃𝐫𝐢𝐯𝐞 🚫🍷🚗 📆 𝐂𝐚𝐦𝐩𝐚𝐢𝐠𝐧 𝐃𝐚𝐭𝐞𝐬: 𝟎𝟏–𝟐𝟎 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟓 Under the leadership of CP Sh. Vikas Arora, IPS and DCP Traffic @RajeshMohan102 , 𝐆𝐮𝐫𝐮𝐠𝐫𝐚𝐦 𝐓𝐫𝐚𝐟𝐟𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐞 conducted… — Gurugram Traffic Police (@TrafficGGM) July 21, 2025 Drivers licenses suspended Furthermore, the authorities also reported suspended driving licenses for drivers who have not paid challans for over 3 months. This move was first proposed in April, wherein the vehicle owners are required to settle traffic e-challans within three months or face suspension of their driving license. Also, the drivers who have accumulated three challans for jumping a red signal or dangerous driving in one financial year could see their driving licences suspended for at least three months. Besides this, the rule also calls for the linking of vehicle insurance premiums with traffic e-challans. Due to this, if a driver has two or more pending challans from the previous financial year, they might have to pay higher amounts of vehicle insurance premiums. Also Read : Mahindra Thar driven on river in Sissu, viral video leads to challan for traffic violation What to do when you're drunk? The Police authorities of Gurugram suggest using public transport to go home if you are drunk. If unable to find a ride back, then ask a reliable sober person to drive you to your destination. According to the Gurugram Police website, 'The only safe option is not to drink if you plan to drive." Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 22 Jul 2025, 13:36 pm IST
Time of India
21-07-2025
- Automotive
- Time of India
Additional DM will oversee cashless treatment for road accident victims
Noida: To streamline the Centre's cashless treatment scheme for road accident victims, Noida district magistrate Manish Kumar Verma has appointed additional DM Manglesh Dubey as the grievance redressal officer. The DM and transport department have issued guidelines for implementing cashless treatment for road accident victims in the district The scheme, launched under Section 162 of the Motor Vehicles Act, 1988, is designed to provide immediate medical care during the 'Golden Hour' following an accident, with coverage of up to Rs 1.5 lakh for treatment received within the first seven days at empanelled hospitals, including those under the Ayushman Bharat–Pradhan Mantri Jan Arogya Yojana (ABPMJAY). In June, TOI had reported the scheme's rollout was delayed in NCR districts, where some hospitals claimed to be awaiting state-level empowerment directives before they could offer cashless services. A guideline and details of the cashless treatment scheme have also been shared by Assistant Regional Transport Officer (ARTO) Udit Narayan Pandey. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida As per eligibility criteria, victims of a motor vehicle accident on any road in the country who require trauma or poly-trauma care are entitled to cashless treatment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The scheme applies to all types of road vehicles as defined in Section 2(28) of the Motor Vehicles Act, 1988. In terms of treatment facilities, immediate treatment will be provided to victims in empanelled hospitals, including those covered by the Ayushman Bharat–Pradhan Mantri Jan Arogya Yojana. Treatment begins immediately upon hospitalisation without any initial payment. For coverage, the guideline states that, in cases of serious injuries, treatment up to a maximum of seven days or costing up to Rs 1.5 lakh, whichever is earlier, will be covered. In hit-and-run cases, financial assistance of Rs 2 lakh for death and Rs 50,000 for serious injuries will also be provided. To ensure smooth operation of the scheme and quick resolution of complaints, additional district magistrate (Administration) Manglesh Dubey has been appointed as the grievance redressal officer in GB Nagar. "The scheme is an important step in road safety and aligns with the national target of reducing road accident mortality by 50%. All registered hospitals under this scheme in GB Nagar have been directed to provide immediate treatment to victims," said Pandey. According to the ARTO, to claim under hit-and-run provisions, victims or their legal heirs must submit prescribed forms along with details to the investigating officer, whose report, followed by approval from the claims settlement commissioner, triggers e-payment within 15 to 45 days. For any complaint or assistance, victims can contact the additional district magistrtate. "Providing immediate medical assistance to road accident victims is a priority and through this scheme, every victim in the district will receive timely treatment," said DM Verma.
Time of India
21-07-2025
- Business
- Time of India
Delhi Court convicts former NALCO Chairman in money laundering case
A local Court Monday convicted Abhay Kumar Srivastava , former Chairman-cum-Managing Director (CMD) of National Aluminium Company Limited ( NALCO ), along with co-accused in a high-profile money laundering case investigated by the Enforcement Directorate . The ED had launched an investigation on the basis of an FIR registered by the Central Bureau of Investigation (CBI) under various sections of the Indian Penal Code, 1860, and Prevention of Corruption Act, 1988 against Abhay Kumar Srivastava and others, relating to the acceptance of illegal gratification . Explore courses from Top Institutes in Select a Course Category Others Design Thinking Technology Digital Marketing Management Leadership Public Policy Finance MBA others Data Science Project Management Artificial Intelligence healthcare Degree Data Analytics Healthcare CXO Operations Management PGDM Data Science Cybersecurity Product Management MCA Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details It was alleged that Bhushan Lal Bajaj (co-accused) acted as an intermediary to receive bribes from G.S. Bhatia of the Bhatia Group of Companies in return for extending undue official favours. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Co-accused Chandni Srivastava, using forged identity documents and the forged signatures of Smt. Anita Bajaj, impersonated her to open a bank account and locker. The CBI subsequently seized movable assets, including gold bars and cash, from the said locker. During the course of investigation under PMLA, 2002, the ED attached movable assets belonging to Abhay Srivastava worth Rs 2,23,31,150/ and filed a prosecution complaint (equivalent of a chargesheet) against the accused in March 2015. Live Events Holding the accused guilty under relevant provisions of Prevention of Money Laundering Act (PMLA), the Court ruled that ED successfully established proceeds of crime and layering/concealment of proceeds of crime. The Court in its ruling also acknowledged the sophisticated modus operandi adopted by the accused. The court accepted the statutory presumption that the proceeds of crime were involved in money laundering and that the burden to prove otherwise was not discharged by the accused. The court, in its detailed judgment, upheld arguments advanced by the ED, affirming a clear pattern of criminal activity and laundering of illicit proceeds of crime.
