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Tag: assets

Banks have first right over pledged assets, rules tribunal

Banks have first right over pledged assets, rules tribunal

Finance
MUMBAI: In a landmark ruling, the appellate tribunal on matters related to the Prevention of Money Laundering Act has ruled that Enforcement Directorate cannot claim rights over assets of people suspected of criminal activity if banks have created prior rights over them through lending. The tribunal has ruled in favour of Standard Chartered Bank in a dispute involving the ED on the Winsome Diamonds & Jewellery case saying that it would be against the spirit of the Money Laundering Act if assets pledged are not available for banks to recover their dues. “The mortgaged properties of the appellant bank cannot be attached or confiscated unless link and nexus directly or indirectly established,” Justice Manmohan Singh, chairman of the tribunal wrote in his order passed on August...
Turkey to freeze 2 U.S. officials' assets over sanctions

Turkey to freeze 2 U.S. officials' assets over sanctions

World
Aug. 4 (UPI) -- Turkey's President Recep Tayyip Erdogan said Saturday his country will freeze assets of U.S. officials in Turkey in retaliation of U.S. sanctions against them. Erdogan said he would freeze assets of "U.S. secretaries of justice and interior in Turkey," in a speech Saturday at the ruling Justice and Development Party's congress for its women's organization in Ankara. "Those who think that they can make Turkey take a step back by resorting to threatening language and absurd sanctions show that they do not know the Turkish nation," Erdogan said. Erdogan added the countries should sort out the dispute soon. "The channels of diplomacy are working very intensely," Erdogan said. "I think that we will leave behind a major chunk of differences between us soon." The move comes afte...
Rihanna clutches at assets as she spills out of eye-popping dress

Rihanna clutches at assets as she spills out of eye-popping dress

Entertainment
Wenn OCEAN'S 8: Rihanna spilled out of her plunging dress as she posed on the red carpet The singer-turned-actress descended upon London tonight for the UK premiere of US box office smash hit Ocean's 8.Rihanna portrays Nine Ball in the all-female heist drama led by Sandra Bullock, 53, who plays crime ringleader Debbie Ocean.And while the 30-year-old musician may not be as established in the acting world as her co-stars, she more than held her own on the red carpet this evening.No doubt causing onlookers to stop and stare, the Diamonds songstress wrapped her killer curves in a striking gold foil dress, which featured an off-the-shoulder design. Bajan beauty Rihanna in pictures  ...
Kate Upton unleashes all-natural assets in teeny string bikini

Kate Upton unleashes all-natural assets in teeny string bikini

Entertainment
The 25-year-old earned the coveted Sports Illustrated Swimsuit rookie title in 2011, after gaining attention by flaunting her killer curves in scantily-clad attire.Having dominated the modelling world, Kate Upton also tried her hand at acting, starring alongside Cameron Diaz, 45, in 2011 romantic-comedy The Other Woman.But the blonde beauty has now returned to her swimwear-clad roots in a scorching hot photoshoot for Italian lingerie house Yamamay.Serving as the face and body of the brand, the US vixen flaunted her all-natural assets in a series of eye-catching campaign shots for the summer collection.Reminding fans of her bombshell status, Kate stripped down to a teeny white string bikini.The Mega AgencyKATE UPTON BIKINI: The buxom model flaunted her assets in an eye-popping two-pieceSexy...
Kelly Brook unleashes assets in see-through lingerie flash-a-thon

Kelly Brook unleashes assets in see-through lingerie flash-a-thon

Entertainment
The former actress recently stunned fans when she unveiled her bikini body in scorching hot holiday pictures.And while the Kelly Brook Instagram profile continues to attract attention, the 38-year-old has long been in the business of causing a stir with her sizzling displays.Over the years, the buxom babe — who once featured on the pages of lads' — has done everything from modelling swimwear to sunbathing topless.In 2006, the Kent native put her natural beauty on display when she launched New Look's winter lingerie collection.WennKELLY BROOK: The Brit beauty flaunted her assets in sheer lingerie in this 2006 shotKelly Brook pictures  Kelly Brook flaunts her curvy figure and loves to put her busty assets on show at all times WENN Kelly Brook goes topless as she whips of