 "FIU helped detecting Rs 11k cr undisclosed income, 461 kg narcotics: FinMin")
The Financial Intelligence Unit (FIU) has helped in detection of undisclosed income of Rs 11,000 crore and seizure of 461 kg of narcotic drugs, the finance ministry said on Thursday.
The FIU under the finance ministry collects, analyses and disseminates information to law enforcement agencies about suspicious financial transactions pertaining to money laundering, terror and proliferation financing.
The intelligence shared by FIU-IND with agencies has led to Rs 983 crore worth of assets attached, Rs 2,763 crore worth criminal proceeds identified and Rs 10,998 crore undisclosed income detected.
Besides, it helped in seizure of 461 kg of narcotic/psychotropic substances, levy of Rs 39.14 crore penalty and 184 arrests in money laundering and terror financing cases.
In a post on X, the finance ministry also said 46.31 per cent higher refunds were issued between April-November 27, 2024, during FY25. Refunds amounting to Rs 3.08 lakh crore issued during this period.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app