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Tag: Central Bureau of Investigation

  • CBI entrusts Liminal Custody Solutions for secure non-custodial storage of seized digital assets

    CBI entrusts Liminal Custody Solutions for secure non-custodial storage of seized digital assets

    Mumbai – Liminal Custody Solutions, a leading provider of digital asset custody, has taken a momentous stride in its mission to fortify the security and accessibility of India’s digital asset ecosystem. As a trusted custodian of digital assets, Liminal was appointed by the Central Bureau of Investigation (CBI) to manage seized digital assets in a non-custodial manner securely, which they impounded during their investigations.

    Following this announcement, Liminal also played a pivotal role in a high-profile operation led by the Central Bureau of Investigation (CBI). Law enforcement agencies like the CBI require secure and compliant wallet solutions for the safe storage of these assets, and Liminal stepped in to fill this crucial role. This milestone firmly establishes Liminal as a vital ally for law enforcement agencies in India. As a part of this operation Liminal Custody Solutions assembled a specialized team that collaborated closely with CBI officers on the ground. The creation of specialized multi-sig and MPC wallets were executed with precision to ensure assets’ security with strict adherence to standard operating procedures (SOP).

    CBI’s officers expressed their appreciation for Liminal’s collaboration and support during this operation.

    Liminal VP – strategy & business operations Manan Vora stated, “At Liminal Custody, we consider our partnership with the CBI as a testament to our unwavering dedication to building a safe and regulated digital asset ecosystem in India. As experts in the field, we feel it’s our responsibility to assist law enforcement agencies with rigorous security protocols. We look forward to making a substantial contribution to India’s digital asset security and accessibility.”

    Liminal continues to expand its role in safeguarding digital assets and remains dedicated to upholding the highest standards of digital asset security.

  • NDTV moves Delhi HC challenging CBI raids

    NEW DELHI: The Prannoy Roy family-promoted NDTV has moved the Delhi High Court challenging the raids conducted by Central Bureau of Investigation (CBI) in the residence of its promoters.

    In a notice to the Bombay Stock Exchange and National Stock Exchange, the company said, “NDTV and its promoter company filed a writ in the Delhi High Court (on 6 July 2017) challenging the CBI raids and the FIR (first information report) issued by CBI. NDTV is pleased that the court has directed the CBI to submit a status report by 21 September, 2017.”

    The publicly traded company, which also at one time had investments from American company GE via a group media company for a venture, further informed the stock markets it would not like to comment on the matter further as it was “now sub- judice”.

    In June 2017, the CBI had raided the residence of the Roy family alleging that the promoters and a private company linked to the Roys, RRPR Holding Private Ltd, were involved in defrauding a private sector bank, ICICI Bank, and allegedly causing it losses involving loans extended in 2008.

    The raids had come within a few days after a female NDTV news anchor had politely ticked off a belligerent spokesperson from the Bharatiya Janata Party (BJP), the lead political party in the NDA government that rules the country, during a TV debate, which had prompted a large section of the Indian society, including the Roys, to dub the raids by federal investigating agency as a “witch hunt” against media not toeing a government-handed political narrative.

    Minister for information and broadcasting M. Venkaiah Nadu, however, last month had brushed aside criticism relating to government efforts to muzzle a free media saying the CBI raids and media freedom were two unconnected issues.

    For NDTV — considered a sort of media nursery for TV journalism in India after the country allowed in mid-1990s private sector players to enter the business of broadcasting dominated till then by pubcaster Doordarshan and All India Radio — this was not the first brush with controversy. Earlier also unsubstantiated allegations relating to financial misdeeds had been leveled against NDTV and some group companies.

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