ED attaches immovable properties of Kanishk Gold worth Rs 138 cr
Chennai, June 14: The Enforcement Directorate (ED) on Thursday said it has attached immovable properties, worth Rs 138 crore, belonging to Kanishk Gold Pvt Ltd and its Managing Director Bhoopesh Kumar Jain under the Prevention of Money Laundering Act (PMLA).
In a statement issued here, ED said the 14 immovable properties worth about Rs 138 crore belonging to Kanishk Gold and its Managing Director Jain.
On April 24, the ED it has frozen Rs 48 crore worth of properties belonging to Kanishk Gold Pvt Ltd under PMLA.
According to ED, a Provisional Attachment Order was issued April 24, attaching properties to the tune of Rs 143.58 crore, which were identified as proceeds of crime committed by Jain along with others, as the same are involved in money laundering.
The jewellery company is alleged to have indulged in offences of forgery, cheating and criminal conspiracy against 14 member banking consortium led by State Bank of India (SBI).
The SBI has loged a complaint with the Central Bureau of Investigation and an FIR has been lodged.
It is alleged that Kanishk Gold secured credit facilities from banks after providing fudged stock statements with the help of chartered accountants.
The total loss caused to the banks due to the above fraud works out to the tune of Rs 824 crore, outstanding as on December 31, 2017, the ED said.
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SC directs President's secretary to place before her Beant assassination convict's mercy plea
New Delhi (PTI): The Supreme Court on Monday directed President Droupadi Murmu's secretary to place before her the mercy petition of death row convict Balwant Singh Rajoana, convicted in the 1995 assassination case of then Punjab chief minister Beant Singh, for consideration.
A bench of Justices B R Gavai, P K Mishra and K V Viswanathan requested the President to consider the plea within two weeks.
"Inspite of the matter being specifically kept today none appeared for Union of India. The bench assembled only for this case," the bench said.
"On the last date the matter was adjourned to enable the Union to take instructions from the office of the President as to by when will mercy plea be decided. Taking into consideration that the petitioner is on a death row, we direct the secretary to the President of India to place the matter before the President with a request to consider the same within two weeks from today," the bench said.
The matter will now be heard on December 5.
On September 25, the top court had sought responses from the Centre, the Punjab government and the administration of the Union Territory of Chandigarh on Rajoana's plea.
The then Punjab chief minister and 16 others were killed in a blast at the entrance of the civil secretariat in Chandigarh on August 31, 1995.
A special court sentenced Rajoana to death in July 2007.
Rajoana has said that a mercy petition under Article 72 of the Constitution was moved by the Shiromani Gurdwara Parbandhak Committee (SGPC) on his behalf in March 2012.
On May 3 last year, the apex court had refused to commute his death sentence and said the competent authority could deal with his mercy plea.
