-PTI   The Enforcement Directorate has registered a money laundering case against former Union minister Dayanidhi Maran and his brother Kalanidhi in connection with the 2G spectrum allocation case. The case, registered on Tuesday under the Prevention of Money Laundering Act (PMLA), pertains to an alleged illegal gratification of about Rs 550 crore allegedly received by the Maran brothers in the Aircel-Maxis deal. Maran, a former Union telecom minister, had quit from the...

Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. Even as the trial in the 2G case progresses in a Patiala House trial court in Delhi, a bench of Justices G S Singhvi and A K Ganguly held...

-The Telegraph A government report on the Niira Radia tapes that was submitted to the Supreme Court today mentioned discrepancies between the original recordings and the conversations broadcast by the media, suggesting they may have been tampered with. The report was submitted in a sealed cover to the bench of Justices G.S. Singhvi and Asok Kumar Ganguly. It was not made public but Justice Singhvi read out parts of it that said...

-The Times of India   UP Lokayukta Justice N K Mehrotra has recommended registration of a case and a CBI and Enforcement Directorate probe against former state minister Babu Singh Kushwaha under the Prevention of Corruption and Money Laundering Act.  The Lokayukta has found him prima facie guilty of large-scale anomalies in allotment of mines and other financial irregularities and forwarded a report to chief minister Mayawati for necessary action.  "There were three specific...

-The Financial Express Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today. "SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject...