ED files complaint before Mumbai court in HDIL money laundering case
The overdraft limit was enhanced from time to time in order to avoid it being classified as NPA while the bank capitalised the interest. In this manner, the accounts of the HDIL group remained standard and were never declared as NPA. Investigations also revealed the fabrication and falsification of PMC Bank's loan accounts by replacing 44 genuine NPA loan accounts of HDIL group with 21,049 fictitious accounts to deceive RBI and depositors.ED filed the main Prosecution Complaint in December 2019 and two supplementary prosecution complaints in March 2022 and May 2023, respectively. - EndsTune InMust Watch
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
an hour ago
- News18
Court sets aside hands up in air punishment for accused
Agency: PTI Last Updated: New Delhi, Aug 3 (PTI) A Delhi court has set aside an order of a magistrate directing some accused people to stand in the court with their hands raised for the entire day after finding them guilty of contempt of court. Principal District and Sessions Judge Anju Bajaj Chandna was hearing the appeal of Kuldeep and Rakesh, against whom the magisterial court had passed the order on July 15, while hearing a complaint case. In an order dated August 1, the court said the order did not qualify the test of legality and propriety, and that it was an 'illegal order", passed without adopting legal procedure. It said, 'Non-furnishing of bail bonds by the accused persons cannot be termed as a contemptuous act by any stretch of imagination." 'The act of accused persons of not furnishing bail bonds does not fall within the scope and ambit of Section 228 (intentional insult or interruption to public servant sitting in judicial proceeding) of the IPC, and can in no manner be taken as intentional insult or interruption to public servant in judicial proceedings," the court said. It said the magistrate did not afford any opportunity to the accused persons to show cause as to why they should not be proceeded against, and that, without hearing them, the accused people were asked to stand in the court till the rising of the court with their hands straight in the air. 'This kind of sentence is not contemplated in law," the court said, adding, Article 21 of the Constitution conferred fundamental rights of personal liberty, which could be curtailed only by a procedure established by law. 'The object of law is to ensure that basic human rights are not violated. The judges are duty-bound to safeguard basic and natural rights meant for a dignified existence of individuals," the court said. 'Every person appearing before the court (even if involved in a crime) has the inalienable right to live with dignity and is entitled to equal respect. It is the duty of the court to ensure that no person can be detained without proper legal justification or without following due process of law," the court added. It said the magistrate completely failed in his duty and responsibility to conduct judicial proceedings legally and properly. 'The order convicting the accused persons under Section 228 IPC and sentencing them to stand with their hands in the air till the rising of the court is not sustainable. The magistrate is advised to properly read and understand the legal provisions before using his discretionary power," the court said, setting aside the order. Earlier, on July 15, Judicial Magistrate Saurabh Goyal, who was hearing a 2018 complaint case, which was at the stage of pre-charge evidence, had passed the order. He said, 'Despite waiting and calling the matter twice from 10 am till 11.40 am, the bail bonds were not furnished by the accused persons. For wasting the time of the court, which is in contempt of the order duly promulgated on the last date of hearing, the accused persons are hereby held guilty for contempt of court proceedings and are convicted for the offence under Section 228 of the IPC." 'They are directed to stand in the court till the rising of this court with their hands straight in the air," the magistrate added. PTI MNR RHL view comments First Published: August 03, 2025, 21:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hindustan Times
an hour ago
- Hindustan Times
Court sets aside 'hands up in air' punishment for accused
New Delhi, A Delhi court has set aside an order of a magistrate directing some accused people to stand in the court with their hands raised for the entire day after finding them guilty of contempt of court. Court sets aside 'hands up in air' punishment for accused Principal District and Sessions Judge Anju Bajaj Chandna was hearing the appeal of Kuldeep and Rakesh, against whom the magisterial court had passed the order on July 15, while hearing a complaint case. In an order dated August 1, the court said the order did not qualify the test of legality and propriety, and that it was an "illegal order", passed without adopting legal procedure. It said, "Non-furnishing of bail bonds by the accused persons cannot be termed as a contemptuous act by any stretch of imagination." "The act of accused persons of not furnishing bail bonds does not fall within the scope and ambit of Section 228 of the IPC, and can in no manner be taken as intentional insult or interruption to public servant in judicial proceedings," the court said. It said the magistrate did not afford any opportunity to the accused persons to show cause as to why they should not be proceeded against, and that, without hearing them, the accused people were asked to stand in the court till the rising of the court with their hands straight in the air. "This kind of sentence is not contemplated in law," the court said, adding, Article 21 of the Constitution conferred fundamental rights of personal liberty, which could be curtailed only by a procedure established by law. "The object of law is to ensure that basic human rights are not violated. The judges are duty-bound to safeguard basic and natural rights meant for a dignified existence of individuals," the court said. "Every person appearing before the court has the inalienable right to live with dignity and is entitled to equal respect. It is the duty of the court to ensure that no person can be detained without proper legal justification or without following due process of law," the court added. It said the magistrate completely failed in his duty and responsibility to conduct judicial proceedings legally and properly. "The order convicting the accused persons under Section 228 IPC and sentencing them to stand with their hands in the air till the rising of the court is not sustainable. The magistrate is advised to properly read and understand the legal provisions before using his discretionary power," the court said, setting aside the order. Earlier, on July 15, Judicial Magistrate Saurabh Goyal, who was hearing a 2018 complaint case, which was at the stage of pre-charge evidence, had passed the order. He said, "Despite waiting and calling the matter twice from 10 am till 11.40 am, the bail bonds were not furnished by the accused persons. For wasting the time of the court, which is in contempt of the order duly promulgated on the last date of hearing, the accused persons are hereby held guilty for contempt of court proceedings and are convicted for the offence under Section 228 of the IPC." "They are directed to stand in the court till the rising of this court with their hands straight in the air," the magistrate added. This article was generated from an automated news agency feed without modifications to text.
Hindustan Times
an hour ago
- Hindustan Times
Religious conversion racket: Naveen Rohra key to exposing Chhangur Baba's money trail, says ED
Naveen Rohra, who once ran a shipment agency in Dubai, could expose key financial transactions related to the Balrampur religious conversion and money-laundering racket allegedly run by Jalaluddin Shah alias Chhangur Baba, according to senior Enforcement Directorate (ED) officials investigating the case under the Prevention of Money Laundering Act (PMLA). The focus shifted to Naveen Rohra during Chhangur Baba's interrogation. (File Photo) The officials said that Naveen Rohra, who converted to Islam and adopted the name Jamaluddin, is the husband of Neetu alias Nasreen, who was arrested along with Chhangur Baba by the Uttar Pradesh Anti-Terrorism Squad on July 5. Prior to their arrest, Naveen Rohra and Chhangur Baba's son Mehboob were nabbed by the UP ATS on April 8 earlier this year. However, the information was not disclosed to the media at that time. The matter came to light after the arrest of Chhangur Baba and Nasreen. Much like the ATS, the ED, which joined the investigation into money laundering after the arrest of Chhangur Baba on July 8, also realised belatedly that Naveen Rohra could be the key person to extract details about the financial transaction and expose the money-laundering racket operational in the garb of the alleged religious conversion nexus. The focus shifted to Naveen Rohra during the kingpin's interrogation. 'We have applied for the custody remand of Naveen Rohra in the competent court. The court is likely to grant his custody remand on the next hearing scheduled for Monday,' a senior ED official confirmed. 'His name came up during the interrogation of Chhangur Baba and even Nasreen, leading us to believe he handled a large portion of the financial transactions,' he added. A senior official said that though it is a perception that Chhangur Baba had been using Naveen Rohra and his wife Neetu Rohra for money laundering and to channel funds from foreign countries, it is suspected that the couple just used the religious clout of Chhangur Baba to smoothly operate the money-laundering nexus. Chhangur Baba is accused of being the kingpin of a large-scale conversion syndicate that targeted economically backward individuals from the Hindu community, particularly those from the Scheduled Caste category. So far, the ED investigation has revealed that Chhangur Baba's network received approximately ₹60 crore in foreign funding, which was used for illegal conversions and other activities. The ED had previously conducted raids at 15 locations, seizing documents and digital devices that suggested money laundering and hawala transactions. The ED is investigating foreign bank accounts linked to Chhangur Baba and his associates. The agency aims to identify properties purchased using proceeds from the alleged crimes. Chhangur Baba's network is suspected to have operated across multiple cities, including Balrampur, Chennai, Mumbai, Nepal and Dubai.
