A- A A+
Last Updated : Feb 27 2020 11:13PM     Screen Reader Access
News Highlights
India and Myanmar to further strengthen bilateral relations; 10 agreements signed in various fields            India condemn OIC statement on Delhi violence; says comments are factually inaccurate and misleading            Defence Minister Rajnath Singh says, India working to be a major exporter of defence equipments            Reach of banking will be increased in North-East region specially in tea garden areas, says Finance Minister            Delhi police says, situation under control in north-east Delhi; forms two SITs to investigate violence           

National News

Jan 13, 2020
9:26PM

SC asks ED to attach Indian properties of JP Morgan for violating FEMA, FDI norms

PTI
The Supreme Court today asked the Enforcement Directorate to attach Indian properties of JP Morgan in violation of the Foreign Exchange Management Act (FEMA) and Foreign Direct Investment (FDI) norms.

JP Morgan was engaged in transaction with the now defunct Amrapali Group to allegedly siphon off home buyers money.
 

The bench also allowed the ED to take into custody defunct group's Chairman-cum-Managing Director Anil Kumar Sharma and other two directors, who are behind bars on the top court's order for interrogation under alleged money laundering offences. The court said that the ED can take them into custody immediately and once interrogation is over, they can be put back into jail.

The ED said, it has prima facie found that there was violation of FEMA norms by the US-based JP Morgan and a complaint in this regard has been lodged.

A bench of Justices Arun Mishra and UU Lalit was told by the ED official that the MNC remitted the money back to the USA.

   Related News

Live Twitter Feed

Listen News

Morning News 27 (Feb) Midday News 27 (Feb) News at Nine 27 (Feb) Hourly 27 (Feb) (2300hrs)
समाचार प्रभात 27 (Feb) दोपहर समाचार 27 (Feb) समाचार संध्या 27 (Feb) प्रति घंटा समाचार 27 (Feb) (2305hrs)
Khabarnama (Mor) 27 (Feb) Khabrein(Day) 27 (Feb) Khabrein(Eve) 27 (Feb)
Aaj Savere 27 (Feb) Parikrama 27 (Feb)

Listen Programs

Market Mantra 27 (Feb) Samayki 27 (Feb) Sports Scan 27 (Feb) Spotlight/News Analysis 27 (Feb) Samachar Darshan 26 (Feb) Radio Newsreel 27 (Feb)
    Public Speak

    Country wide 20 (Feb) Surkhiyon Mein 20 (Feb) Charcha Ka Vishai Ha 26 (Feb) Vaad-Samvaad 25 (Feb) Money Talk 18 (Feb) Current Affairs 21 (Feb)
  • Money Matters 27 (Feb)
  • International News 27 (Feb)
  • Press Review 27 (Feb)
  • From the States 27 (Feb)
  • Let's Connect 27 (Feb)
  • 360°- Ek Parivesh 27 (Feb)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 27 (Feb)
  • Sanskriti Darshan 27 (Feb)
  • Fit India New India 27 (Feb)