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

The UK's Court of Appeal refused Mallya the permission to appeal against a UK High Court order in favour of 13 Indians banks to recover funds amounting to nearly £1.145 billion. Current Affairs News : Vijay Mallya has lost his attempt to appeal against a UK High Court order in favour of 13 Indian banks to recover funds amounting to nearly £1.145 billion, in another setback to the embattled liquor tycoon. The UK's Court of Appeal refused the 62-year-old businessman, who is separately undergoing an extradition trial in a UK court over fraud and money laundering charges by the Indian authorities, the permission to appeal against the High Court order dated May 8. In the ruling, Judge Andrew Henshaw had refused to overturn a worldwide order freezing Mallya's assets and also denied permission to appeal, which left Mallya with the only option of turning to the Court of Appeal. Judge Henshaw's order marked the first recorded case of a judgment of the Debt Rec