ED to share list of UP MLA Vijay Mishra’s properties with I-T dept

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New Delhi, Dec 27 | The Enforcement Directorate (ED) is all set to share the list of alleged illegal properties of UP MLA from Bhadohi Vijay Mishra with Income Tax Department and other agencies. The agencies can then decide the future course of action. Mishra is currently lodged in Agra jail in connection with a Prevention of Money Laundering (PMLA) case.

The ED has found that Mishra has alleged benami properties in Prayagraj’s Allapur, Handiya and in Bhadohi. A source said that properties are worth several hundred crores of rupees. They will share the list with the IT department so that action can be taken.

“We have taken legal opinion to initiate the attachment proceedings of such properties. Mishra could not give satisfactory answers about these properties. He tried to mislead when he was asked about his investment in real estate. In coming days we will initiate the attachment proceedings under section 5 of the Prevention of Money Laundering,” said the source.

The source said that apart from Mishra, they have also identified properties of his relatives and family members. They will inform the Income Tax Department regarding this too.

Mishra is facing prosecution in multiple cases including PMLA. The ED launched a probe against him in February this year. A team of Prayagraj office of the ED is currently looking into the matter. The team has recorded his statement several times.

Recently he was grilled at Agra jail where ED officials showed him the list of his illegal properties. Mishra was shocked to see the list and reportedly tried to avoid questions. Later he did not give any satisfactory answers. The ED had taken permission from the concerned court before grilling him inside the jail. The source said that the charge sheet is almost ready and ED can file it before the concerned court any day.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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