money laundering case

While Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, has been granted bail in Agusta Westland money Laundering case, he will remain in judicial custody at Tihar jail in connection with the Moser Baer bank loan case.

The alleged money laundering case was registered against him by the ED in September last year, based on a complaint filed by the Income Tax department, alleging tax evasion and hawala transactions amounting to crores.

ED has registered an Enforcement Case Information Report (ECIR) against Sharad Pawar, Ajit Pawar and others in connection with the Rs 5,000 crore Maharashtra State Co-operative Bank (MSCB) scam case.

The investigation has been initiated based on the FIR registered by the Economic Offences Wing (EOW) of Mumbai Police following directions from the Bombay High Court, ED sources said.

They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate.

The Congress leader's lawyers have also moved an application stating that he wants to surrender in the ED case in relation to INX media case. A notice has been issued to the ED and a reply from the probe agency has been sought.

Chidambaram is being taken to Tihar jail after a CBI court sent him to judicial custody till September 19 in the INX media case.Earlier on Thursday, the Supreme Court also rejected his plea challenging the Delhi High Court order that had refused anticipatory bail

Chidambaram took a jibe at the government over the growth rate of 5 per cent in April to June quarter him when he was asked about his custody in CBI.

Chidambaram is facing probe in cases registered by the CBI and the ED pertaining to alleged irregularities in the Foreign Investment Promotion Board clearance given to INX Media to the tune of Rs 305 crore in 2007 when he was the Union finance minister.

Chidambaram is facing probe in cases registered by the CBI and the ED pertaining to alleged irregularities in the Foreign Investment Promotion Board clearance given to INX Media to the tune of Rs 305 crore in 2007 when he was the Union finance minister.