Latest news with #Directorate
Daily Tribune
8 hours ago
- Daily Tribune
Six Arrested for Selling Alcoholic Substances in Two Separate Cases
The General Directorate of Criminal Investigation and Forensic Science has arrested six individuals of Asian nationality in connection with two separate cases involving the illegal sale of alcoholic substances. According to the Directorate, investigations began after receiving reports about the activity. Officers quickly launched search and surveillance operations, which led to the identification and arrest of the suspects. Authorities confirmed that quantities of alcoholic substances were seized from those arrested. Legal procedures are now being taken against them. The Directorate reaffirmed its commitment to enforcing the law and ensuring the safety and security of all residents.
Hindustan Times
a day ago
- Hindustan Times
Madras HC stays ED proceedings against film producer, bizman
Chennai, The Madras High Court on Friday stayed all further proceedings, pursuant to the Enforcement Directorate's authorisation to conduct search and seizure, against film producer Akash Baskaran and businessman Vikram Ravindran in the alleged ₹1,000 crore TASMAC money laundering case. A division bench comprising Justices M S Ramesh and V Lakshminarayanan granted the interim stay on the petitions filed by Baskaran and Vikram, challenging the action of the ED. Senior counsels Vijay Narayanan and Abudukumar submitted that the petitioners have no involvement with the TASMAC operations at all and in the alleged 41 FIRs lodged by the Directorate of Vigilance and Anti-Corruption for the scheduled offences, no independent allegation or predicate offence has been registered against the petitioners and therefore questioned the validity of the invocation of Section 17 of the PMLA. In its order, the bench said since the petitioners had totally denied any involvement relating to the scheduled offences, it had called upon the Special Public Prosecutor to produce before it the materials forming the basis of information in their possession, which has led them to believe that the petitioners had committed an act, which constitutes money laundering or is in possession of any proceeds of crime, records or property, in a sealed cover, through an interim order dated June 13, 2025. On June 17, the SPP produced a sealed cover along with an undated and unsigned brief explanation note along with supporting materials, claiming it to be the information they possess about the petitioners, which led them to initiate the search operations, the bench added. The bench said the brief explanation note, however, also does not relate to the information or materials which the Directorate claims to have in possession in their earlier notes on "reason to believe" produced on June 17. Neither does this brief explanation note disclose any information in the possession of the Directorate, which authorises them to conduct the search and seizure operations in the petitioners premises, the bench added. The bench said when it indicated to Additional Solicitor General S V Raju that whatever the information/materials they had produced before it in the sealed cover had no nexus to their original claims of being in possession of incriminating information, he submitted that the 41 FIRs, relating to the scheduled offences registered against the TASMAC officials, were the information in their possession, which authorises them to conduct the search and seizure operation. "When we expressed to the Additional Solicitor General that we do not approve his claim in this regard, the Additional Solicitor General submitted that they had already directed the respondent to de-seal the petitioner's premises . His statement is hereby recorded. The Additional Solicitor General sought four weeks time to file a counter affidavit before us," the bench added. The bench said, "On a prima facie view, we find that the Authorisation No.96/2025, dated May 15,2025 and the consequential sealing of the petitioner's premises by the respondent, is wholly without authority or jurisdiction, since no incriminating information or material was in their possession on May 15, 2025 when the respondent had authorised for search and seizure operations and on May 16, 2025 when the respondent had sealed the petitioner's premises". The bench said it consciously refrained from describing the alleged material or information claimed to be in the possession of the ED for obvious reasons. However, it would suffice to state that the so-called information produced by the Directorate before it has absolutely no semblance of an information, which may have led them to believe that the petitioner may be involved in the offence of money laundering. "In the light of the above observations, there shall be an order of interim stay of all further proceedings, pursuant to the respondent's Authorization No.96/2025 dated May, 15,.2025, pending disposal of this Writ Petition", the bench added. The bench said there shall be a further interim order to the ED to return all the seized properties of the petitioners, pursuant to the search and seizure operations conducted on May 16, pending final disposal of this Writ Petition. The petitioners shall not tamper or alienate the digital devices that has been returned to him/to be returned to him, pending final disposal of this writ petition. The bench posted to July 16, for further hearing of the case.
Time of India
2 days ago
- Business
- Time of India
Liquid gold: Govt restricts import of precious metal
NEW DELHI: Govt has imposed import curbs on certain colloidal precious metals, with an aim to check the illegal inflow of gold into India in liquid form. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in liquid. This was necessitated to regulate import of gold in the garb of chemical compounds, an official said. According to industry experts, some importers were using this route for imports from countries such as Thailand. "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a notification. Goods under this number include colloidal precious metals; inorganic or organic compounds of precious metals. The official said that imports will be allowed for industrial and manufacturing sectors, including electronics, electrical and specialised chemical industry against an import authorisation, thereby addressing the need of the domestic industry without disruption for actual use. In a separate notification, the Directorate said that the import of palladium, rhodium and iridium alloy consisting of gold more than 1% by weight is restricted. This measure expands upon the existing restriction on the import of platinum to bring uniformity in the import policy governing precious metals and their alloys. agencies Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
2 days ago
- Business
- Economic Times
Govt imposes import curbs on certain colloidal precious metals
The government has tightened import rules on specific colloidal precious metals. This move aims to curb the illegal entry of gold into India in liquid form. The Directorate General of Foreign Trade issued a notification revising the import policy. Palladium, Rhodium and Iridium alloy consisting of gold import is also restricted. Gold imports saw a slight dip in April-May. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The government has imposed import curbs on certain colloidal precious metals , with an aim to check the illegal inflow of gold into India in liquid precious metals are suspensions of gold or silver nanoparticles dispersed in a to industry experts, some importers were using this route for imports from countries like Thailand "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a under this number include colloidal precious metals; inorganic or organic compounds of precious a separate notification, the Directorate said that the import of Palladium, Rhodium and Iridium alloy consisting of gold more than one per cent by weight is imports in April-May this fiscal year dipped by 3.82 per cent to USD 5.64 billion.
Economic Times
2 days ago
- Business
- Economic Times
New curbs on gold import: Restrictions placed on certain forms of yellow metal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government has put in place restrictions on the import of specific colloidal precious metals to curb the unlawful entry of gold into India in liquid form, reports said on June may be noted here that colloidal precious metals refer to mixtures where nanoparticles of gold or silver are suspended in a an announcement, the Directorate General of Foreign Trade indicated that the import policy for items classified under CTH 2843 has been changed from free to restricted, effective to specialists and industry insiders, certain importers were exploiting this method to bring in goods from nations such as classification includes colloidal precious metals as well as both inorganic and organic compounds of precious another announcement, the Directorate specified that the importation of alloys containing Palladium, Rhodium, and Iridium which contain more than one percent gold by weight is now the months of April and May this fiscal year, gold imports saw a decline of 3.82 per cent, totaling $5.64 billion.
