asset recovery

Kathmandu, April 9 Former Nepali parliament speaker Krishna Bahadur Mahara and joint secretary Arun Pokharel have been named among 28 accused, along with a travel company, in a case of gold smuggling.The Commission for the Investigation of Abuse of Authority (CIAA) has filed the corruption...

New Delhi, April 9 – To combat cyber frauds and financial crimes, the Indian Cybercrime Coordination Centre (I4C), under the Union Home Ministry, signed a Memorandum of Understanding (MoU) with the Financial Intelligence Unit-India (FIU-IND), under the Finance Ministry, to enhance information...

Bhubaneswar, April 8 – Continuing its crackdown on corrupt state government employees, the Odisha Vigilance on Wednesday unearthed significant assets during simultaneous searches at properties linked to a senior official of the Department of Water Resources, based on allegations of accumulating...

Bhubaneswar, April 8 The Odisha Vigilance Department on Wednesday uncovered multiple assets, including a farmhouse, a lavish building, high-value plots, and bank deposits exceeding Rs 60 lakh, during raids on a senior irrigation department engineer, officials said.Acting on a tip-off...

Bhubaneswar, April 1 – The Odisha Vigilance on Wednesday arrested a senior official of the Odisha Police Housing and Welfare Corporation (OPHWC), who was found possessing a large amount of assets, including cash worth Rs 48.79 lakh and gold weighing more than 1 kg, during a search of his...

New Delhi, April 1 The Insolvency and Bankruptcy Code has helped improve the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday.The Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha...

New Delhi, April 1 The Parliament passed amendments to the Insolvency and Bankruptcy Code (IBC) on Wednesday to facilitate faster resolutions, reduce case backlogs, and strengthen the financial ecosystem.The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, through...

New Delhi, March 31 Asset reconstruction companies (ARCs) are likely to see a rise of 700 basis points in the cumulative recovery rate of security receipts (SRs) in the upcoming fiscal, bringing the total to about 90 percent, according to a report.Healthy performance and the resolution of...

Raipur/Bijapur, March 31 – In a significant boost to anti-Naxal operations in Chhattisgarh, 25 Maoist cadres associated with the Dandakaranya Special Zonal Committee have surrendered and returned to mainstream life.This development occurred on Tuesday as part of the "Poona Margem"...

New Delhi, March 30 The Enforcement Directorate said on Monday that it has returned assets worth more than Rs 15,000 crore to a special committee appointed by the Supreme Court, so that investors allegedly cheated in a Ponzi scheme by Chandigarh-based PACL (Pearls Group) can recover their dues...

New Delhi, March 30 Finance and Corporate Affairs Minister Nirmala Sitharaman stated in the Lok Sabha on Monday that the Insolvency and Bankruptcy Code (IBC) has been a key and very important factor in improving the health of the country's banking sector, including the recovery of non-performing...

Bhubaneswar, March 27 – The Odisha Vigilance department arrested an Assistant Engineer of the Water Resources Department in the Ganjam district on Friday, on charges of amassing wealth disproportionate to his known sources of income, to the extent of 334 percent.The accused official, Panchu...

Bhubaneswar, March 27 Odisha Vigilance officers arrested an irrigation department engineer on Friday, a day after uncovering assets allegedly disproportionate to his known sources of income, officials said.Acting on a tip-off, vigilance officers conducted simultaneous raids at five locations...

Bhubaneswar, March 26 – The Odisha Vigilance department on Thursday unearthed assets worth crores, including Rs 18.90 lakh in cash, during simultaneous searches at multiple locations linked to an Assistant Engineer of the Water Resources Department following allegations of amassing wealth...

The Enforcement Directorate has provisionally seized properties worth approximately ₹1,700 crore in the Mahadev online betting case. In a press release issued on March 25, the Raipur Zonal Office of the ED stated that the action was taken under the Prevention of Money Laundering Act.The agency...

New Delhi, March 25 The Insolvency and Bankruptcy Code has failed to achieve its intended purpose, as tribunals with limited capacity have been unable to ensure timely resolution of matters, opposition members said in the Lok Sabha on Wednesday.Participating in the debate on the Insolvency and...

Mumbai, March 24 The Special Investigation Team (SIT) investigating cases against self-proclaimed godman and rape accused Ashok Kharat has uncovered assets worth Rs 1,500 crore and 100 objectionable videos, a senior police official said on Tuesday.With the discovery expanding the scope of the...

New Delhi, March 23 – Central Bureau of Investigation Director Praveen Sood said on Monday that corruption today is transnational, sophisticated, and increasingly facilitated by technology, making international cooperation not a matter of choice but an absolute necessity.Delivering the keynote...

New Delhi, March 23 The director of the Enforcement Directorate (ED) said at a global anti-corruption meet on Monday that asset recovery is not an afterthought, but the truest measure of enforcement success.At the same event in the national capital, the CBI director emphasized that corruption...

New Delhi, March 23 – The ED has recovered assets worth nearly $5.6 billion, including those related to corruption cases, with a significant portion achieved in the past couple of years, Rahul Navin, director of the ED, said on Monday.Delivering the welcome address at the 12th Steering...