Asset Freezes
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
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Elon Musk's Starlink Backtracks, Complies with Order Blocking X in Brazil
Starlink had emerged as a fresh battleground between Musk and Brazil, as top court judge Alexandre de Moraes ordered the freeze of the company's accounts for possible use to pay fines owed by X, which is also owned by Musk.
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EU Imposes Asset Freezes, Visa Bans On Hamas Financiers
The European Union on Friday imposed asset freezes and visa bans on several firms and individuals accused of helping to finance Palestinian Islamist group Hamas, Brussels said.
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Mahadev App Case: Probe Agency Freezes Assets Worth Rs 580 Crore
The Enforcement Directorate has frozen security holdings of more than Rs 580 crore of a Dubai-based "hawala operator" and seized cash and valuables worth Rs 3.64 crore after fresh raids in the Mahadev app-linked money laundering case, official source
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Britain, US Unveil New Sanctions Against 'Hamas Financiers'
Britain and the United States unveiled new asset freezes and travel bans Monday on Hamas and Palestinian Islamic Jihad figures, in their latest coordinated asset freezes and travel bans aimed at regional operatives.
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Probe Agency Freezes Rs 41.9 Crore Assets Of Tamil Nadu Minister
The Enforcement Directorate (ED) on Tuesday said it has frozen assets worth Rs 41.9 crore kept in fixed deposits of Tamil Nadu Education Minister K Ponmudi and his son in connection with a money laundering case linked to alleged illegal sand mining.
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UK Could Soon Legalise Freezing, Seizure of Crypto Assets Linked to Criminal Activities: Report
The UK Lords have reportedly passed the Economic Crime and Corporate Transparency Bill. This gives UK’s law enforcement agencies the authority to freeze and confiscate crypto assets linked to busted crimes. The approval from both of UK’s Houses will make the bill eligible to be signed into a law with the signature of King Charles attesting it.
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UK To Continue Sanctions Against Russia Until Ukraine Is Compensated
Britain on Monday introduced legislation that will allow it to keep sanctions against Russia in place until Moscow pays compensation to Ukraine, and announced a new route for frozen assets to be donated to Ukraine's reconstruction.
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Binance.US Said to Have Laid Off Employees After US SEC Charges
The US affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees' social media posts. One of the sources said around 50 people were laid off.
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Binance.US Halts Dollar Deposits After SEC Crackdown, Asks Customers to Withdraw Dollar Funds
The US affiliate of Binance said it was halting dollar deposits and gave customers until Tuesday to withdraw their dollar funds, after the US securities regulator asked a court to freeze its assets. Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdra...
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Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC
Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance's US asse...
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Probe Agency Freezes Rs 143-Crore Assets Of Manappuram Finance CEO
The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation.
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KuCoin Awaits Legal Notice to Freeze Assets of Crypto Rug Pull Scammer: Details
KuCoin, the Seychelles-based crypto exchange, has decided to not freeze the assets of this user whose name remains undisclosed, unless a law enforcement agency sends over a legal notice instructing the exchange to do so. In its justification for delaying the blocking of assets linked to this scammer, KuCoin has said it will follow the laws of Seych...
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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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Court Rejects Xiaomi's Challenge To $676 Million Asset Freeze: Report
A court in Karnataka has rejected China-based Xiaomi Corp's petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorate, news website Live Law reported today.
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
-
Elon Musk's Starlink Backtracks, Complies with Order Blocking X in Brazil
Starlink had emerged as a fresh battleground between Musk and Brazil, as top court judge Alexandre de Moraes ordered the freeze of the company's accounts for possible use to pay fines owed by X, which is also owned by Musk.
-
EU Imposes Asset Freezes, Visa Bans On Hamas Financiers
The European Union on Friday imposed asset freezes and visa bans on several firms and individuals accused of helping to finance Palestinian Islamist group Hamas, Brussels said.
-
Mahadev App Case: Probe Agency Freezes Assets Worth Rs 580 Crore
The Enforcement Directorate has frozen security holdings of more than Rs 580 crore of a Dubai-based "hawala operator" and seized cash and valuables worth Rs 3.64 crore after fresh raids in the Mahadev app-linked money laundering case, official source
-
Britain, US Unveil New Sanctions Against 'Hamas Financiers'
Britain and the United States unveiled new asset freezes and travel bans Monday on Hamas and Palestinian Islamic Jihad figures, in their latest coordinated asset freezes and travel bans aimed at regional operatives.
-
Probe Agency Freezes Rs 41.9 Crore Assets Of Tamil Nadu Minister
The Enforcement Directorate (ED) on Tuesday said it has frozen assets worth Rs 41.9 crore kept in fixed deposits of Tamil Nadu Education Minister K Ponmudi and his son in connection with a money laundering case linked to alleged illegal sand mining.
-
UK Could Soon Legalise Freezing, Seizure of Crypto Assets Linked to Criminal Activities: Report
The UK Lords have reportedly passed the Economic Crime and Corporate Transparency Bill. This gives UK’s law enforcement agencies the authority to freeze and confiscate crypto assets linked to busted crimes. The approval from both of UK’s Houses will make the bill eligible to be signed into a law with the signature of King Charles attesting it.
-
UK To Continue Sanctions Against Russia Until Ukraine Is Compensated
Britain on Monday introduced legislation that will allow it to keep sanctions against Russia in place until Moscow pays compensation to Ukraine, and announced a new route for frozen assets to be donated to Ukraine's reconstruction.
-
Binance.US Said to Have Laid Off Employees After US SEC Charges
The US affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees' social media posts. One of the sources said around 50 people were laid off.
-
Binance.US Halts Dollar Deposits After SEC Crackdown, Asks Customers to Withdraw Dollar Funds
The US affiliate of Binance said it was halting dollar deposits and gave customers until Tuesday to withdraw their dollar funds, after the US securities regulator asked a court to freeze its assets. Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdra...
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Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC
Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance's US asse...
-
Probe Agency Freezes Rs 143-Crore Assets Of Manappuram Finance CEO
The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation.
-
KuCoin Awaits Legal Notice to Freeze Assets of Crypto Rug Pull Scammer: Details
KuCoin, the Seychelles-based crypto exchange, has decided to not freeze the assets of this user whose name remains undisclosed, unless a law enforcement agency sends over a legal notice instructing the exchange to do so. In its justification for delaying the blocking of assets linked to this scammer, KuCoin has said it will follow the laws of Seych...
-
Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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Court Rejects Xiaomi's Challenge To $676 Million Asset Freeze: Report
A court in Karnataka has rejected China-based Xiaomi Corp's petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorate, news website Live Law reported today.
