Money laundering allegation: Court grants bail to Dr Zakir Naik’s ‘associate’

News Network
April 5, 2019

Mumbai, Apr 5: A special court here Friday granted bail to Abdul Sathak, an alleged aide of acclaimed orator Dr Zakir Naik. Abdul Sathak was arrested on charge of allegedly involving in money laundering.

Special PMLA court judge M S Azmi granted bail to Sathak on a surety of Rs 5,00,000. Sathak, a jeweller, was arrested last month under the Prevention of Money Laundering Act (PMLA).

He is accused of helping Dr Naik by transferring "funds of dubious origin from the UAE (United Arab Emirates) to facilitate production and broadcasting of incriminating videos for spreading communal hatred and radicalisation of a particular community".

While granting bail, the court laid down certain conditions, like he shall make himself available for probe as and when called by the investigating officer. Also, he must not leave India without the permission of the court and surrender his passport with the Enforcement Directorate (ED), Mumbai, within a week.

In his bail plea, Sathak said that there was nothing to show that he "acquired or dealt with any property" obtained through crime. He also claimed to be suffering from myasthenia gravis, a long-term neuromuscular disease.

The ED has alleged that Sathak sent about Rs 50 crore to Dr Naik, which the latter illegally routed and laundered.

Sathak was the director of Global Broadcasting Corporation FZE LLC that owned Dr Naik's Peace TV channel, it said.

The central agency alleged that Global Broadcasting was "controlled" by Dr Naik (who is stated to be in Malaysia now), through Sathak, his "trusted aide".

Dr Naik has been under investigation since 2016, when the Centre banned his Islamic Research Foundation (IRF) for five years.

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News Network
January 17,2020

New Delhi, Jan 17: A Delhi court Friday issued fresh death warrants for February 1, 6 am against the four convicts in the Nirbhaya gang rape and murder case.

Additional Sessions Judge Satish Kumar Arora was hearing a plea by one of the four death row convicts in the case, Mukesh Kumar Singh, seeking postponement of the date of his execution scheduled for January 22.

Earlier in the day, the Tihar jail authorities sought issuance of fresh death warrants against the four convicts.

Public Prosecutor Irfan Ahmed told the court that Mukesh's mercy plea was rejected by President Ram Nath Kovind on Friday.

The 23-year-old paramedic student, referred to as Nirbhaya, was gang-raped and brutally assaulted on the intervening night of December 16-17, 2012 inside a moving bus in south Delhi by six persons before being thrown out on the road.

She died on December 29, 2012, at Mount Elizabeth Hospital in Singapore.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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News Network
March 25,2020

New Delhi, Mar 25: The total number of confirmed coronavirus cases in India rose to 562, according to the Ministry of Health and Family Welfare on Wednesday.
This includes 512 active cases, while 40 infected people have already been cured or discharged.
The Union Health Ministry said that total deaths due to the disease now stand at 9, as the second death reported in Delhi is COVID-19 negative. One patient has also migrated due to the infection.
The Central government has taken several steps to contain the rapid spread of the virus including the screening 15,24,266 passengers at the airports.
Prime Minister Narendra Modi had on Tuesday announced a 21-day lockdown in the entire country effective from midnight to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.
In a televised address to the nation, Prime Minister Modi said that it is vital to break the chain of the disease and experts have said that at least 21 days are needed for it.
The Prime Minister, who had also addressed the nation last week, said the lockdown has drawn a "Lakshman Rekha" in every home and people should stay indoors for their own protection and for that of their families. 

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