Crime
ED seizes unlisted shares worth Rs 293.91 cr of ‘MGM’ Maran
The Enforcement Directorate (ED) on Tuesday said it has seized assets worth Rs 293.91 crore belonging to Tamilnad Mercantile Bank’s (TMB) former Chairman Nesamanimaran Muthu alias MGM Maran under the Foreign Exchange Management Act (FEMA).
According to the ED, the seized assets are in the form of shareholdings in four Indian companies, namely, the Southern Agrifurane Industries Private Ltd, Anand Transport Private Ltd, MGM Entertainment Private Ltd, and MGM Diamond Beach Resorts Private Ltd.
Incidentally, the three of the companies are unlisted entitites.
The ED said Maran had incorporated two companies in Singapore during 2005-06 and 2006-07 and invested Singapore $5,29,86,250 equivalent to Indian Rs 293.91 crore, but the investment was made without Reserve Bank of India’s (RBI) permission and non-disclosure to Indian regulators.
According to the agency, the provisions of Section 37A(1) empowers it to seize Indian asset of a person who has acquired assets in foreign country or made investment outside India without the approval of the RBI while he was a person resident in India.
Since the amount of foreign investment was SGD 5,29,86,250, the assets of equivalent value thereof of Rs 293.91 crore has been seized, it said.
Last year, the Adjudicating Authority under the FEMA had levied a penalty of Rs 35 crore on Maran for opening a bank account in Singapore and receiving foreign exchange to the tune of US$ 68,50,000 (equivalent to Rs 28.08 crore) in that account from a foreign entity.
The said payment is the consideration for facilitating and assigning the rights towards transfer of shares of the TMB in favour of Katra Holdings Ltd, consequent to a private agreement with that company. The penalty is also for failing to repatriate the said foreign exchange into India, the ED had said then.
The Adjudicating Authority had also fined Standard Chartered Bank Rs 100 crore and the TMB Rs 17 crore.
The ED had taken up the probe under FEMA based on reference received from the RBI to investigate advance remittances received by certain entities for purchase of the shares of the Tuticorin-headquartered TMB through escrow mechanism maintained with Standard Chartered Bank, Mumbai.
Following the probe, the ED had issued show cause notice to the TMB, its directors, Standard Chartered Bank and one of its officials for contravening FEMA.
In his adjudication order, the Special Director, ED, Southern Region imposed a penalty of Rs 11.33 crore on the TMB for recording in its books the transfer of 46,862 shares of the bank in the names of seven foreign entities viz. (i) RST Ltd (wholly owned by Ravi S. Trehan), Katra Holdings Ltd (wholly owned by Ramesh Vangal), GHI I Ltd (wholly owned by Rajat Gupta), Kamehameha (Mauritius) Ltd, FI Investments (Mauritius) Ltd, Cuna Group (Mauritius) Ltd, and Swiss Re Investors (Mauritius) Ltd.
The above seven entitities were not approved by the RBI for acquiring the shares of TMB.
A further penalty of Rs 5.66 crore was imposed on the TMB for its act of recording in its books, the subsequent transfer of 27,289 shares out of the above 46,862 shares in the names of two foreign entities – Sub-Continental Equities Ltd, Mauritius and Robert & Adris James Company Ltd, Mauritius, without the permission of the RBI.
Penalty has also been imposed on the directors of the Board of the TMB, who approved the recording of the transfer of shares of the bank.
The Standard Chartered Bank was held guilty of contravening FEMA for opening the Standard Chartered Bank Project Windmill (Sale Consideration) Escrow Account, without the RBI’s prior permission and for allowing deposits of Rs 113 crore and for having held 1,12,151 shares of the TMB in the said escrow account.
A penalty of Rs 34 crore was levied on the bank for the above contraventions.
Another Rs 66 crore penalty was levied on the Standard Chartered Bank for providing collateral/guarantee/taking into custody of TMB shares and original sale deeds of land in lieu of which Standard Chartered Bank, Mauritius granted a loan of US$ 55.40 million (equivalent to Rs 221 crore) to three foreign entities viz, Katra Holdings Ltd, Mauritius, RST Ltd, Cayman Islands, and GHI I Ltd, Cayman Islands, without any special permission from the RBI.
Crime
Mumbai Crime: 51-Year-Old Advocate Loses ₹2 Crore In Sextortion; FIR Filed

Mumbai: A 51-year-old advocate from Goregaon West was allegedly defrauded of Rs 2 crore by a 28-year-old woman from Himachal Pradesh who allegedly threatened to file a false rape case against him. The Goregaon police have registered a case against the woman Parul Rana, her parents, sister, and a friend for extortion and defamation.
The advocate Rajeev Ranjan, who filed the complaint on October 3, has represented India as an ambassador at the United Nations, World Trade Organization, G7, BRICS, UNICEF, the Commonwealth, and several other prominent international organisations and summits.
According to the FIR, Ranjan met Rana in May 2024 at his residence through mutual friends, after which they exchanged contact details and social media IDs. In June 2024, while Ranjan was in Geneva for a conference, Rana called him late at night, claiming her relative was unwell and asked for Rs 50 lakh. He transferred Rs 2.5 lakh from his SBI account. Later, when he returned to India, she again sought money under various pretexts, including modelling expenses, and he gave her Rs 2.5 lakh in person.
Ranjan stated in the FIR that despite informing her that he was married with a daughter, Rana pursued a physical relationship with him. Afterwards, she demanded Rs 10 lakh, of which he paid Rs 5 lakh through a friend’s company account. She later sought more money, including Rs 3 lakh at Mumbai airport and Rs 10 lakh during a stay at his residence with her sister, Nidhi Rana. In July, Ranjan and Rana travelled to Bali, a trip he fully funded.
During the visit, she repeatedly demanded more money, including Rs 20 lakh for unspecified reasons. When he refused, she began threatening him using their private photos, warning that she would file a false rape case if he didn’t comply. Ranjan alleged that Rana’s parents – Harvinder and Meena Rana – her sister Nidhi, and a friend, Konika Verma, joined in the threats, calling him and demanding money. Out of fear, he continued sending money until the total reached Rs 2 crore, most of it in cash.
Later, Rana and her family allegedly contacted Ranjan’s wife, revealing the affair and demanding more money, again threatening legal action if he did not pay. Ranjan later approached the police, who registered a case for extortion, cheating, defamation and criminal conspiracy.
Crime
Four militants, two extortionists held in Manipur; drugs worth Rs 6 crore seized

Imphal, Oct 6: The security forces in Manipur have arrested four militants belonging to two different banned outfits, two extortionists, and two drug peddlers, and recovered drugs worth Rs 6 crore during the past 24 hours, officials said on Monday.
A police official said that the security forces, as part of their ongoing crackdown on outlawed militant groups, had arrested four militants belonging to the Kangleipak Communist Party (KCP) and the People’s Liberation Army (PLA)/Revolutionary People’s Front (RPF) from Bishnupur and Imphal West Districts.
Manipur’s one of the oldest militant outfits, PLA, is mostly active in the Imphal valley region with its political wing, RPF.
The arrested rebels were involved in recruiting youths for RPF/PLA, in extortion from people and government officials in the Imphal valley region and mediation through intimidation between parties in cases of loan recovery.
One of the four arrested militants, identified as self-styled Lieutenant of RPF/PLA Khangembam Manglemba Singh alias Sunny (46), would monitor the movement and presence of security personnel and share the information with his outfit.
The official said the security forces arrested two drug peddlers, identified as Mohammad Ethem Khan and Raju Khan, from their respective residences at Heingang in Imphal East district.
From their possession, two kg of highly addictive methamphetamine tablets valued at over Rs six crore and cash amounting to over Rs 38 lakh were recovered.
Manipur Police arrested two persons who were involved in extortion from vehicles plying on the Imphal-Dimapur National Highway (NH-2).
They were identified as Sarangthem Dinesh Singh (29) and Khundrakpam Mohen Singh (25) and arrested from Keinou bazar under Bishnupur district. From their possession, a two-wheeler and a mobile phone were recovered.
The official said that the security forces continue to conduct search operations and area domination in the fringe and vulnerable areas across districts.
The movement of 346 vehicles carrying essential items along Imphal-Jiribam National Highway (NH-37) has been ensured without any incident.
Strict security measures are taken up in all vulnerable locations, and security convoys are provided in sensitive stretches in order to ensure free and safe movement of vehicles. According to the official, a total of 115 nakas/checkpoints were set up in different districts, both in the hills and the valley region, to prevent untoward and illegal movements of inimical elements and suspected vehicles.
Crime
BJP MP Khagen Murmu brutally attacked in North Bengal, cars vandalised

Kolkata, Oct 6: BJP Maldaha Uttar MP Khagen Murmu and MLA Shankar Ghosh were brutally attacked by miscreants on Monday while on their way to meet the North Bengal landslides-affected people and distribute relief materials.
While Ghosh sustained minor bruises, the two-time BJP MP sustained serious injuries to his face and head.
The incident took place in Nagrakata in Jalpaiguri district of North Bengal. The BJP MP was seen covered in blood, with a big injury on the left side of his face.
The BJP MP was immediately rushed to a primary health centre for treatment. The miscreants also pelted stones at their vehicles and continued to attack with slippers, sticks and bricks until they were escorted out of the area by their security guards.
In a video message from his convoy, which was attacked by the miscreants, BJP MLA Shankar Ghosh said, “This is how we have been attacked. Not a single window of our car is intact. People pelted stones and bricks at us. Our MP is seriously injured. Total anarchy is prevailing in West Bengal.”
Following the attack on the BJP MP, Leader of Opposition in the state Assembly Suvendu Adhikari slammed the Mamata Banerjee government and Trinamool Congress for orchestrating the attack.
He wrote on his X handle, “Mamata Banerjee is on full Panic Mode. She has realized it (quite late) that the people of West Bengal have despised her inhuman act of ‘Dancing at Carnival with Celebrities’ when North Bengal was reeling under floods and landslides, with many people losing their lives and thousands left shelterless.”
“In contrast, @BJP4Bengal MLAs & MPs were on ground doing their bit to provide relief to the affected People. So, she has now pressed the panic button and has now unleashed her goons belonging from the ‘Special Community’ and incited them to attack the BJP MPs and MLAs so that they can be refrained from engaging in relief work,” he said.
The BJP leader further said, “MP Shri Khagen Murmu was brutally attacked and has been left with bloody injuries in Nagrakata today when he was accompanying @BJP4Bengal President Shri Samik Bhattacharya to the flood affected areas. MLA Dr Shankar Ghosh’s vehicle also came under attack in the presence of Police. Mamata Banerjee, you can’t intimidate BJP.”
Following days of incessant rain, which resulted in massive landslides killing at least 23 people as reported till Monday morning, the weather changed in the hills this morning. The rescue operations gained pace after the weather cleared, with many tourists, who were stranded, also coming down the hills.
Union Minister of State for Education and DoNER, Sukanta Majumdar, also slammed the Mamata Banerjee government for her failure to ensure security to an elected MP.
“Failed Chief Minister Smt. Mamata Banerjee, who, even after receiving news yesterday of the catastrophic devastation in North Bengal and the tragic loss of many lives, was seen celebrating on the Carnival stage at Red Road, has clearly shown how fearful she has become of the BJP West Bengal workers and leaders who have been tirelessly conducting rescue and relief operations on the ground since yesterday,” he said on his X handle.
“Today in Nagrakata, while BJP MP Shri @khagen_murmu and @ShankarGhoshBJP, MLA and the chief opposition whip in the West Bengal Assembly were inspecting flood-affected areas and distributing relief, they were brutally attacked in the presence of the Mamata-police. Chief Minister @MamataOfficial, the people of Bengal will never forget this cowardice and shamelessness. From yesterday until today, the people of Bengal will punish every one of your immoral and inhuman acts of brutality. Shame!” Majumdar added.
-
Crime3 years ago
Class 10 student jumps to death in Jaipur
-
Maharashtra1 year ago
Mumbai Local Train Update: Central Railway’s New Timetable Comes Into Effect; Check Full List Of Revised Timings & Stations
-
Maharashtra12 months ago
Mumbai To Go Toll-Free Tonight! Maharashtra Govt Announces Complete Toll Waiver For Light Motor Vehicles At All 5 Entry Points Of City
-
Maharashtra1 year ago
False photo of Imtiaz Jaleel’s rally, exposing the fooling conspiracy
-
National News12 months ago
Ministry of Railways rolls out Special Drive 4.0 with focus on digitisation, cleanliness, inclusiveness and grievance redressal
-
Maharashtra11 months ago
Maharashtra Elections 2024: Mumbai Metro & BEST Services Extended Till Midnight On Voting Day
-
National News1 year ago
J&K: 4 Jawans Killed, 28 Injured After Bus Carrying BSF Personnel For Poll Duty Falls Into Gorge In Budgam; Terrifying Visuals Surface
-
Crime12 months ago
Baba Siddique Murder: Mumbai Police Unable To Get Lawrence Bishnoi Custody Due To Home Ministry Order, Says Report