Heena Sharma Blog

A Delhi court on Monday granted bail to industrialist and Congress leader Naveen Jindal and 14 others, accused of money laundering in a case pertaining to irregularities in the allocation of a Jharkhand coal block . Special Judge Bharat Parashar granted the relief on a personal bond of Rs 100,000 and one surety of the like amount. Besides Jindal, those granted relief are Jindal Steel and Power Ltd's then adviser Anand Goel, Mumbai's Essar Power Ltd's Executive Vice-Chairman Sushil Kumar Maroo, Nihar Stocks Ltd's Director BSN Suryanarayan, Mumbai-based KE International's Chief Financial Officer Rajeev Aggarwal and Gurgaon-based Green Infra's Vice-President Siddharth Madra. Those arrayed as accused also include K Ramakrishna Prasad, Rajiv Jain and Gyan Swaroop Garg. The case filed under the provisions of the Prevention of Money Laundering Act (PMLA) pertains to the allocation of the Amarkonda Murgadangal coal block in Jharkhand. Read Complete...

A Delhi court Tuesday ordered attachment of liquor baron Vijay Mallya's properties in Bengaluru in a case relating to FERA violations . Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through ED's special public prosecutor N K Matta and advocate Samvedna Verma, sought more time to execute its earlier order. The Bengaluru Police had earlier informed the court that it has identified 159 properties belonging to Mallya, but has not been able to attach any of them. Mallya has been declared a proclaimed offender by the court on January 4 for evading its summons in the case. The court had on 8 May directed the attachment of Mallya's properties in the case through the Bengaluru Police commissioner and sought a report on it. It had declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he had failed to appear despite repeated summonses. Read Complete Article B...