South Asian Insider
SC to hear Gautam Khaitan's plea tomorrow, to affect ongoing cases under black money act
(Agencies) - With the Delhi High court taking a prima facie view that the black money rules notified in April 2016 are incorrect, the central government has now knocked on the Supreme Court's doors. Appearing before the vacation bench of the apex court, solicitor general Tushar Mehta said that the High Court ruling would "affect all ongoing cases under the Black Money Act".
On May 16, the Delhi High court had granted relief to businessman Gautam Khaitan, who is facing a black money and money laundering case.
Gaurav Khaitan had been arrested by the Enforcement Directorate on January 26. According to the prosecution, Khaitan had deposited nearly Rs 6,000 crore in offshore accounts. A chargesheet has also been filed against him in violation of provisions under the Prevention of Money Laundering Act, 2002.
Khaitan had challenged his arrest, and argued that the black money rules were notified by the center before the act itself came into force.
The two judge bench of the Delhi HC had agreed with the argument.
"We are prima facie of the considered view that the official respondents could not have exercised powers granted to it under the provisions of sections 85 and 86 of the said act, prior to the enactment itself coming into force, in terms of the provisions of sub-section (3) of section 1 of the said act", the High Court had said in its May 16 order.The center has now argued that this order will have a detrimental affect on all pending black money cases, since the rules for investigation have been declared invalid. The Supreme Court has agreed to hear the plea on Tuesday.
Russia to Washington: Drop Middle East troop plan and stop provoking Iran
(News Agencies)- Russia told the United States on Tuesday to drop what it called provocative plans to deploy more troops to the Mi...
The rising risk of war in the Middle East
At the same time, Iran is promising to restart elements of its nuclear program. Add to this the deployment last month of a signif...
"Millions Of Illegal Aliens To Be Deported" President Trump
(SAI Bureau) Washington DC - President Donald Trump pledged Monday night to begin deporting millions of undocumented immigrants w...
Trump: 'I'm not a huge believer in polling'
(News Agencies)-President Donald Trump on Wednesday revived his attacks on the polling industry, denying reports that his own inte...
People trust Modi to make things better
(Agencies)- Last week, in a surprise decision, the prime minister created two new cabinet committees:?one to tackle investment an...
5 CRPF personnel killed in Anantnag's terror attack 1 terrorist gunned down
(Agencies)- Motorcycle-borne militants gunned down five Central Reserve Police Force (CRPF) personnel in an audacious daylight at...
India's future prosperity depends on extending opportunities to farmers
Over the last decade, India has experienced sustained economic growth, bringing opportunities and prosperity to millions. The Worl...
Trump's Mother of All Truth Bombs
Agencies- President Donald Trump unloaded a baffling cargo of wordsWednesday after George Stephanopoulos asked him whether his son...
Pakistan Must Stop Terror Before Talks, PM Modi Tells China's Xi Jinping
China is a strategic ally of Pakistan and is investing considerably in its infrastructure projects. President Xi is expected to me...
NaMo resonates across India again Wave 2.0 breaches Caste, Class Barriers
(SAI Bureau) New Delhi: For a man dubbed on election eve as Divider-in-Chief by Time magazine, Narendra Modi had the last laugh on...
© All rights Reserved. The south Asian, Published Weekly from New york.