
State govt to confiscate properties of 52 criminals
The list includes liquor smugglers, sand mafia, land mafias, cybercriminals and fraudsters. According to officials, 18 liquor smugglers alone own properties worth Rs 18 crore while 10 sand mafia members and 10 others accused of murder, extortion and related crimes are linked to assets worth ₹23 crore.
ADG (EOU) Nayyar Hasnain Khan said, "Notable cases include four Maoist activists with properties of Rs 2.17 crore, two illegal mill operators with Rs 2.69 crore and three land mafia members holding assets worth Rs 4.93 crore.
A cybercriminal's property worth Rs 86 lakh and one fraudster's assets worth Rs 2.03 crore are also under scrutiny."
Prominent names include MLA Arun Yadav, accused of serious crimes including murder and rape; liquor smuggler Dhirendra Kumar Singh of Bhojpur; and vehicle-passing mafia kingpin Gulam Mustafa of Kishanganj.
"This is one of the largest coordinated operations against black money in Bihar," Khan said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NDTV
35 minutes ago
- NDTV
Rs 65-Lakh Land Rover Sold For Rs 8 Lakh Because Of Delhi Vehicle Policy
New Delhi: The Delhi government's plan to lift the fuel ban on end-of-life vehicles and make efforts to resolve issues related to the restrictions on their movement has come too late for one man, who had to sell two expensive vehicles at throwaway prices because of the policy. In 2014, the National Green Tribunal ruled that diesel vehicles over 10 years old and petrol vehicles over 15 years old will not be allowed to be used in Delhi and the National Capital Region. This was later upheld by the Supreme Court. This policy forced Nitin Goyal to sell his 2013 Jaguar Land Rover, which he bought for Rs 65 lakh, to a person from Himachal Pradesh for just Rs 8 lakh. He also sold his 10-year-old Mercedes C Class 220 CDI Sports Limited Edition, for which he had paid Rs 40 lakh, for just Rs 4 lakh. Goyal asked that if BS-IV vehicles were being allowed to be sold till 2020, how were vehicles that followed the same norms, but manufactured in 2013, suddenly unfit for use? He has now bought a Jaguar F-Pace. Delhi Government's Letter The Delhi government on Thursday urged the Commission for Air Quality Management (CAQM), which is responsible for taking anti-pollution measures for the Capital and NCR, to suspend the fuel ban on end-of-life vehicles just two days after it was implemented. Pumps in Delhi had been instructed not to give fuel to diesel vehicles older than 10 years and petrol vehicles older than 15 years. Following outrage, Delhi Environment Minister Manjinder Singh Sirsa said the fuel ban was not feasible and technological challenges were coming in the way of implementing it. Mr Sirsa said people were unhappy because of the ban and the BJP government would stand by them. "Because of several critical operational and infrastructural challenges, it will not be feasible to implement this order at this juncture. In fact, immediate implementation may be premature and potentially counterproductive," Mr Sirsa said in a letter to the CAQM. The government also said it will make all efforts to resolve issues related to the restrictions on the movement of end-of-life vehicles in Delhi. How To Get Back Impounded Vehicles More than a dozen four-wheelers and over 60 two-wheelers were also seized after July 1, when the fuel ban came into effect. To recover the impounded vehicles, three conditions will need to be met: An affidavit will have to be given that the vehicle will be taken out of Delhi to another state. A challan of Rs 10,000 will have to be paid. The expenses incurred by the Transport Department in seizing the vehicle will also have to be reimbursed by the vehicle's owner.


Economic Times
35 minutes ago
- Economic Times
Jane Street Fallout: Zerodha's Nithin Kamath flags risk to brokers and stock exchanges
Jane Street allegedly executed a Rs 36,500 crore market scam, raking in Rs 43,289 crore in options profits while booking Rs 7,208 crore in deliberate losses in futures and equities. Synopsis SEBI's action against Jane Street may be justified, but it could have unintended consequences, warns Zerodha CEO Nithin Kamath. With prop firms like Jane Street driving nearly 50% of options volumes, their exit could dent retail participation and impact brokers and exchanges. Market regulator Sebi's crackdown on Jane Street may have been necessary, but it could spell trouble for stock exchanges and brokers, according to Zerodha Founder and CEO Nithin Kamath. Highlighting the broader impact, Kamath warned that if proprietary trading firms like Jane Street, which account for nearly 50% of options volumes, pull back, retail participation could also take a hit. ADVERTISEMENT "...there's a flip side. Prop trading firms like Jane Street account for nearly 50% of options trading volumes. If they pull back— which seems likely —retail activity (~35%) could take a hit too. So this could be bad news for both exchanges and brokers," Kamath said in a tweet. Lauding SEBI's intervention, Kamath said that if the allegations are proven, it would amount to blatant market manipulation. "You've got to hand it to SEBI for going after Jane Street. If the allegations are true, it's blatant market manipulation. The shocking part? They kept at it even after receiving warnings from the exchanges. Maybe this is what happens when you're used to the lenient U.S. regulatory regime. Think about the structure of U.S. markets: dark pools, payment for order flow, and other loopholes that allow hedge funds to make billions off retail investors. None of these practices would be allowed in India, thanks to our regulators," the tweet said further."The next few days will be telling. F&O volumes might reveal just how reliant we are on these prop giants. I'll share more data as and when anything interesting turns up," Kamath Street, one of the world's most sophisticated trading firms, allegedly pulled off a Rs 36,500 crore market scam, making a whopping Rs 43,289 crore in options profits while deliberately losing Rs 7,208 crore in futures and equities. ADVERTISEMENT The market watchdog in a 105 page order issued on Thursday imposed comprehensive interim restrictions on Jane Street pending detailed investigation. Jane Street entities are completely restrained from accessing securities markets and prohibited from buying, selling, or dealing in securities directly or regulator also ordered impounding of Rs 4,843.57 crore in unlawful gains, requiring Jane Street to deposit this amount in an escrow account with a lien in favor of SEBI. All bank accounts, demat accounts, and custodial accounts are frozen, with no debits allowed without SEBI permission (though credits can be accepted). ADVERTISEMENT The entities also cannot dispose of or alienate any assets in India until the unlawful gains are deposited in the escrow has given Jane Street 21 days to file objections, and it can request a personal hearing. The interim restrictions remain in force until further orders from SEBI. ADVERTISEMENT Meanwhile, the stock exchanges have been directed to closely monitor any future dealings by Jane Street to ensure they don't engage in manipulative activities using the patterns identified in the order. Read More: Explained: What is Jane Street and how it made Rs 36,500 crore profit by gaming Dalal Street ADVERTISEMENT 'Jane Street is committed to operating in compliance with all regulations in the regions we operate around the world,' the firm said in an emailed response to Reuters. 'Jane Street disputes the findings of the SEBI interim order and will further engage with the regulator.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) sebisebi action on jane streetjane streetnithin kamathzerodha Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY


Time of India
39 minutes ago
- Time of India
National Herald case based on flawed premise, Sonia Gandhi challenges ED's money laundering charges
Congress leader Sonia Gandhi , through her counsel Abhishek Manu Singhvi , on Friday strongly contested the Enforcement Directorate 's (ED) allegations in the National Herald case , calling it "truly a strange" and "unprecedented" matter devoid of the essential elements of a money laundering offence. Singhvi began his rebuttal in court after Additional Solicitor General S.V. Raju, representing the ED, concluded his arguments on July 3 regarding the cognisance of the chargesheet filed in the case. "This is truly a strange case. More than strange. Unprecedented. This is an alleged case of money laundering, without any property, without use or projection of property," Singhvi submitted, questioning the very foundation of the ED's prosecution. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sell your luxury car conveniently here Spinny Sell Now Undo The ED has accused Sonia Gandhi, Congress MP Rahul Gandhi , the late party veterans Motilal Vora and Oscar Fernandes, as well as Suman Dubey, Sam Pitroda, and the not-for-profit company Young Indian , of conspiracy and money laundering in connection with the alleged fraudulent acquisition of over ₹2,000 crore worth of assets belonging to Associated Journals Limited (AJL), the publisher of the National Herald newspaper. The agency claims that the Gandhis held a majority 76% stake in Young Indian, which allegedly usurped AJL's properties in exchange for a ₹90 crore loan. Live Events Singhvi, however, argued that the restructuring exercise was aimed solely at making AJL debt-free. "Every company is entitled under law and does, every day, make their companies get free by a variety of instruments. So you take away the debt and assign it to another entity. So this company becomes debt free," Singhvi explained. He also highlighted that Young Indian was incorporated as a not-for-profit entity. "Means it cannot give dividends, it cannot give perks, it cannot give salaries, it cannot give those bonuses. It can give nothing," he argued. Taking aim at the ED's delayed action, Singhvi said the agency chose to act only after a private complaint was filed, despite the case being several years old. "They are, obviously people associated with the Congress. To have the National Herald in a body not associated with the Congress would be worse than having Hamlet without the Prince of Denmark," he remarked, invoking Shakespeare to underline the political nature of the case. Singhvi also contended that the present court did not have jurisdiction to try the case, listing multiple legal grounds to that effect. Earlier, on July 3, ASG Raju argued that the Gandhis were the 'beneficial owners' of Young Indian and came to exercise complete control over the company following the deaths of other shareholders. The ED has filed a chargesheet under Sections 3 and 4 of the Prevention of Money Laundering Act ( PMLA ), naming Sonia and Rahul Gandhi, along with Suman Dubey, Sam Pitroda, Sunil Bhandari, Young Indian, and Dotex Merchandise Private Limited.