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NIA) on Wednesday secured the conviction and sentencing of two members of the proscribed Bangladeshi terror outfit, Ansal-al-lslam, over a conspiracy to unleash terrorist attacks in India. They have been identified as Bangladeshi nationals, Mahmud Hassan @ Shariful Hassan and Mohamad Sayad Hussain @ Mohamad Sa'ad Hussain @ Sohan Molla @ Shihab Hossain. The NIA Special Court, Aizawl, Mizoram, has sentenced both to Imprisonment of five years each, along with fine of Rs 10,000 or one month in default, after finding them quilty under various provisions of IPC, Foreigners Act and UA(P) Act.

A U.S. appeals court says that Smith & Wesson must comply with a subpoena from New Jersey officials investigating whether the gun-maker engaged in any deceptive advertising

Quant Mutual Fund has assured investors that its gross inflows continue to remain normal and its liquidity position robust. The fund remained defiant that all allegations must be proved before the alleged could be deemed guilty. It said every suspicion is not an allegation and Quant has always maintained transparency with its investors. The fund house stressed on its commitment to cooperate with the Securities and Exchange Board of India (Sebi) through any review and has dedicated people to give data to Sebi on a regular basis, ET Now reported on Wednesday.

ED on Wednesday told the Supreme Court that the trial court judge was in a «hurry» and did not afford a reasonable opportunity to the prosecutor to oppose Delhi Chief Minister Arvind Kejriwal's bail in a money laundering case linked to the alleged excise scam. The federal probe agency said the June 20 order of the trial court granting regular bail to Kejriwal was «perverse» for non-compliance of prerequisite mandatory conditions under section 45 of the Prevention of Money Laundering Act (PMLA). A vacation bench of Justice Manoj Misra and Justice SVN Bhatti took on record the Enforcement Directorate's reply affidavit filed in Kejriwal's plea challenging the interim stay granted by the Delhi High Court on June 21. The bench also allowed Kejriwal to withdraw his plea after senior advocate Abhishek Singhvi, appearing for him, said he would file a substantial appeal as the high court has pronounced the final order on June 25, staying the bail order.

Sebi had alleged that Chandra was trying to stop the investigation because he did not respond to the 12 January summons.Chandra argued that Sebi's summons contained allegations couched in a language that implied he was guilty and requested the court to declare the summons invalid and unlawful.He alleged that the summons were biased, unfair, arbitrary and predetermined.Senior counsel Ravi Kadam, appearing for Chandra, stated that the documents called for in the annexed summons will be made available in four weeks.The bench disposed of the matter on Wednesday.In January, Sebi issued multiple summons against Chandra in its investigation pertaining to the alleged fund diversion case. However, Sebi said that Chandra did not respond to those summonses."From a fair reading of the summons, it is apparent that Sebi has already predetermined the petitioner as guilty at the investigation stage itself, without following due process, principles of natural justice, ongoing investigation is nothing but a sham and a formality," the petition by Chandra said.Separately, Janak Dwarkadas, senior counsel representing Zee informed the court that the regulator had issued similar summons to the company.

Aryan Rajvansh, who made rap music videos on YouTube during the day, turned into an armed robber at night and shot a cab driver on June 23 during a robbery, ToI reported on June 26. Rajvansh was arrested the following day after police tracked him to his hometown, Ayodhya, using various investigative methods, the report said. Rajvansh, who completed his BTech in computer science from a college in Coimbatore in 2022, found himself unemployed. Despite his academic background, he devoted his time to creating music videos. «He completed his BTech nine months ago and then started making music videos,» police told the newspaper.

Quant Mutual Fund, which is under Sebi’s investigation for a suspected front-running case, was sitting with around Rs 9,355 crore cash pile in May, an analysis by ETMutualFunds showed. This was around 12.41% of the total AUM. The total equity AUM of the fund house was Rs 66,052 crore. The fund house has around 21 equity mutual fund schemes. Of these 21 schemes, four schemes had more than Rs 1,000 crore cash in their portfolio. Quant Small Cap Fund had the highest cash allocation of Rs 1,607.37 crore. The total equity AUM of the small cap schemes is Rs 19,635 crore as on May 2024. Also Read | Why investors should not panic or stop SIP in Quant Mutual Fund after front-running crisis

Boeing as the U.S. Justice Department has until July 7 to decide whether to prosecute the planemaker after prosecutors alleged the company violated a deferred prosecution agreement related to two fatal crashes, with lawyers recommending criminal charges.Officials alleged in May that the 2021 agreement, which shielded Boeing from a criminal charge of conspiracy to commit fraud arising from the 2018 and 2019 fatal crashes involving the 737 MAX jet, had been breached.Arnold & Porter law firm partner Deborah Curtis told Global News the recommendations of charges will add to the impact Boeing has been dealing with in the past months.“This is not something that’s going away easily for Boeing at all,” she said in an interview.

visa fraud. According to a Reuters reports,the three-judge panel unanimously determined that the US Department of Homeland Security (DHS) is not immune from the 2020 lawsuit, as it had entered into contracts with the students to provide educational services. The lawsuit's lead plaintiff, Teja Ravi from India, claims he paid $12,500 to enroll at the "University of Farmington" in Michigan, an institution set up by U.S. Immigration and Customs Enforcement (ICE), a division of DHS, in 2016 to entrap illegal visa brokers. According to DHS, Ravi and others paid the school for fraudulent immigration documents. Ravi allegedly left the United States before DHS could arrest him.

Arvind Kejriwal in the courtroom and asked it to place on record the material that they have for his arrest. Kejriwal was produced before Special Judge Amitabh Rawat. During the proceedings, the CBI sought court's permission to interrogate Kejriwal in the adjoining room so that CBI can proceed with his formal arrest.

Arvind Kejriwal in an alleged money laundering case, the Central Bureau of Investigation (CBI) has intensified its scrutiny. This move comes as the CBI interrogated Kejriwal at Tihar Jail on Tuesday, where he has been held since his arrest by the Enforcement Directorate (ED) on March 21. The CBI is now set to approach a Delhi court to seek custody of Kejriwal on Wednesday. According to news reports by India Today, as told to them by sources, the CBI may arrest Arvind Kejriwal and demand his custody. A vacation bench led by Justice Sudhir Kumar Jain granted the Enforcement Directorate's (ED) application to halt the bail order issued by the trial court on June 20. The court criticized the trial judge for what it described as a rushed decision without fully examining the extensive material provided by both parties, calling it «perverse.»

Supreme Court is set to hear Delhi Chief Minister Arvind Kejriwal’s plea today on June 26. The plea challenges the Delhi High Court’s decision to stay the earlier bail granted to Aam Aadmi Party chief by the trial court in connection with the Delhi liquor policy caseThe case is under investigation by the Enforcement Directorate (ED).

Reddit said on Tuesday it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI startups were bypassing the rule to gather content for their systems. The move comes at a time when artificial intelligence firms have been accused of plagiarizing content from publishers to create AI-generated summaries without giving credit or asking for permission.

Two Raymond James Financial Services Inc. financial advisors on Monday were barred from the securities industry for not cooperating in investigations, according to the Financial Industry Regulatory Authority Inc.; both had previously been flagged by Raymond James for selling products to customers the firm had not signed off on as well as selling away, which involves offering clients investments that are not approved by the firm.

Bar Association Srinagar, president Mian Qayoom on Tuesday in connection with conspiracy pertaining to murder of advocate Babar Qadri in 2020. The officials informed that Qayoom was summoned for questioning by the State Investigation Agency officials and later detained for sustained interrogation in connection with the murder. The officials claim that they have collected «substantial evidence against Qayoom, who has emerged as a primary suspect in the case.» However, the SIA or J&K police are yet to issue a formal statement confirming his detention or arrest. Qadri, who had shot to prominence for his participation in high pitched TV debates on the situation in Kashmir, was shot dead at his residence in Hawal area of downtown Srinagar by unknown gunmen posing as potential clients, on September 24, 2020. The killing took place at a time when he had just launched a party of his own and posted videos on social media criticizing J&KHCBA Srinagar of which he was a member as well. His membership was suspended following the floating of his own party.

Arvind Kejriwal in relation to the Excise Policy case. CBI also got permission for Arvind Kejriwal's production before the concerned trial court tomorrow. He will be produced before the court tomorrow, reported news agency ANI. Earlier during the day, the Delhi High Court stayed the trial court order granting him bail in the money laundering case arising from the alleged excise scam, holding that the lower court did not «appropriately appreciate» the material placed before it by the Enforcement Directorate. A vacation bench of Justice Sudhir Kumar Jain said the ED's contentions assailing the bail order required serious consideration.

Financial Action Task Force (FATF) is likely to be taken up by the inter-governmental body after the plenary session which starts from June 26 in Singapore, said officials aware of the matter. The focus will be on the number of money laundering cases registered by the Enforcement Directorate (ED). The report on India's anti-money laundering and counter-terror action will be released on June 28, they added. According to officials, the last mutual evaluation was conducted in 2009 and was delayed due to the Covid-19 pandemic. According to FATF, the international policy making body conducts mutual evaluations of its member countries by evaluating levels of implementation of the FATF recommendations. The main sources of money laundering in India result from a range of illegal activities committed within and outside the country, mainly drug trafficking, fraud, counterfeiting of Indian currency, transnational organised crime, human trafficking and corruption. The CBI and ED are among the lead agencies investigating cases of corruption and money laundering. The Prevention of Money Laundering Act, 2002 came into force in 2005 and was amended in 2009. According to ED, it has recorded 5,906 Enforcement Case Information Reports, of which 3,867 cases were registered in the past five years till March 31, 2023.

Rescue workers are combing through the charred ruins of a factory building near South Korea's capital to find any more victims of a fire that killed 22 people, mostly Chinese migrant workers

Bitcoin layer-2 developer Alex Lab has indicated that the $4 million exploit it suffered in May is most likely linked to the infamous North Korean hacking consortium, Lazarus Group.

BRUSSELS : The European Union charged Microsoft with antitrust violations related to the company’s bundling of its Teams collaboration tool with Office 365 and Microsoft 365. The European Commission, the bloc’s antitrust enforcer, said Tuesday it has informed Microsoft of its preliminary view that the company broke antitrust rules by tying Teams to popular productivity offerings that include Microsoft Word and Excel.

Malaysia Airlines says one of its plane en route to Bangkok made a U-turn back to Kuala Lumpur International Airport after experiencing a “pressurization issue."