#Money Laundering

.Kolkata, West Bengal, India
Former TMC Rajya Sabha MP Kunal Ghosh headed a TV channel and a daily, which was funded by the now-defunct Saradha group. (Photo Credit: Twitter/@ANI)

  • Kunal Ghosh has been asked reach the ED's CGO Complex office at Salt Lake area of Kolkata by 11 am on Tuesday
  • Ghosh was suspended from the TMC in 2013 for alleged anti-party activities
  • He is currently out on bail in the Saradha scam case

.New Delhi, Delhi, India
Businessman Nirav Modi's extradition legal proceedings had been going on for nearly two years. (Photo Credit: Twitter/ANI)

  • Nirav Modi is a prime accused in fraud and money laundering case in India
  • The 49-year-old will appear before London’s Westminster Magistrates’ Court on Thursday
  • Modi was arrested on an extradition warrant on March 19, 2019 in London

.Mumbai, Maharashtra, India
Armaan Jain has been asked to appear before the ED on Wednesday. (Photo Credit: @pinkvilla )

  • Armaan Jain, who is a part of the Kapoor family, has been summoned by the Enforcement Directorate 
  • He is due to make a debut with Lekar Humara Deewana Dil
  • As per the reports, he has been summoned for matters related to Tops Grup money laundering case

Sachiin Joshi is known for his works in Tollywood and Bollywood. (Photo Credit: Instagram/@sachiinjoshi)

  • Sachiin Joshi was arrested for allegedly laundering Rs 100 crore in the business activites of Omkar Developers
  •  Income tax officials raided Joshi’s residence in Mumbai recently 
  • Joshi also made headlines earlier for buying Vijay mallya’s Kingfisher Villa for Rs 73.01 crore

.Sydney NSW, Australia
Crown Resorts is one of the biggest casino group in Australia.(Representative/Unsplash)

  • Crown Resorts CEO Ken Barton stepped down amid mounting pressure
  • He follows the resignation of three directors in the wake of a report into the firm
  • Former Supreme Court judge Patricia Bergin said Crown was "not suitable" for a licence

.Mumbai, Maharashtra, India
Chanda Kochhar appeared before the special Judge A A Nandgaonkar. (Photo Credit: Twitter/@ANI)

  • Chanda Kochhar was granted bail on a bond of Rs 5 lakh
  • Her lawyers argued that she had been cooperating with the Enforcement Directorate's probe
  • She was also asked to surrender her passport to the ED immediately

.Washington D.C., DC, USA
Janet Yellen, US Treasury Secretary has said that cryptocurrencies offered promises but could be used to launder money. (Photo Credit: @JanetYellen )

  • Janet Yellen warned about "risk explosion' from virtual markets, which includes the embezzlement of cryptocurrencies
  • She said that the Anti-Money Laundering Act will help to solve problems related to virtual markets
  • She said that innovation is very essential in this sector that could give people access to the financial system

.Nebraska, USA
Craig Harbaugh had been in the police force for 20 years. (Photo Credit: Representational Image/Unsplash)

  • Former cop in US has been caught in a money laundering case of $10 million
  • Craig potentially faces 20 years in jail
  • It has still not been disclosed what Craig did with all the money he laundered

.New Delhi, Delhi, India
A Delhi court on Saturday issued an arrest warrant against Pakistan-based Lashkar-e-Taiba (LeT).(Photo Credit: Twitter/@ANI)

  • The arrest was issued in a money laundering case related to terror funding in Jammu and Kashmir
  • The Delhi court also issued issuing the non-bailable a non-bailable warrant (NBW) against Saeed
  • The judge also issued summons to the representatives of Watali's company M/s Trison Farms and Construction Pvt Ltd

.Washington D.C., DC, USA
The provision was included in the defence bill passed by the US Congress.(Representational/Pixabay)

  • The law forces "beneficial owners" behind shell companies to report their identities to FinCEN
  • The UN estimates that $800 billion to $2 trillion is laundered through the global financial system every year
  • The legislation sets penalties for not reporting a company's beneficial owners, both jail and fine