Page 30 - Money Laundering

Plea in SC seeks life imprisonment for offences like bribery, tax evasion

A petition has been filed before the Supreme Court seeking a direction to the Centre to ascertain the feasibility of confiscating black money, benami properties and disproportionate assets. The petition, which is likely to come up for hearing in the coming days, has also sought life imprisonment for offences such as bribery, black money, benami property, tax evasion, money laundering, profiteering, grain hoarding, food adulteration, human and drug trafficking, black marketing and cheating. The petition was filed by Ashwini Kumar Upadhyay in view of corruption watchdog Transparency International placing India at 80 in Corruption Perception Index earlier this year. Due to weak and ineffective anti-corruption laws, India has never been ranked even among top the 50 in the Corruption Perception Index but the Centre has not strengthened the laws to weed-out the menace of corruption, which brazenly offends rule of law as well as right to life, liberty and dignity guaranteed under Articles

Enforcement Directorate conducts searches in Goa in land grab case

The Enforcement Directorate said it has conducted searches in a money laundering complaint linked to an alleged land grab and cheating case in Goa

Global money laundering monitor says coronavirus fraud on the rise

The international organisation that monitors protections against money laundering and terrorism financing said Friday that fraud related to coronavirus is on the rise.

IT dept unearths undisclosed transactions worth Rs 105 cr of Srinagar group

The searches were conducted at 15 residential and business premises, out of which 14 were in Srinagar and one in Delhi

Deepak Kochhar withdraws plea in Delhi HC to quash FIR in laundering case

Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, withdrew from the Delhi High Court his plea seeking quashing of FIR in connection with the ICICI Bank-Videocon money laundering case

India investigated zero foreign bribery cases between 2016 and 2019: Report

India figures in list of countries with worst track record in dealing with foreign bribery, according to Transparency International

DHFL lenders brace for haircut after foreign bidders back out of race

Only two firms in race for retail, wholesale, and slum rehabilitation authority portfolio

India scores zero on bribery of foreign officials: Transparency Int'l

Country fails to open account in four years till 2017 on five metrics, bribery of foreign public officials not criminalised at all despite India being bound by UNCAC rules

Hathras: ED may file money laundering case to probe on protests' funding

The Enforcement Directorate may soon register a money laundering case to probe if dubious funds were used for allegedly fuelling caste-based protests

Pak's Opposition leader Shahbaz Sharif arrested in money laundering case

The development comes just ahead of the planned protests next month by his party

Pak court indicts ex-president Zardari, his sister in money laundering case

An anti-corruption court in Pakistan on Monday indicted former president Asif Ali Zardari and his sister Faryal Talpur in a money laundering case

Scared of online scams and money laundering? Learn how to deal with them

Online scams and money laundering are not a recent phenomenon. But it is back in the news again

At least six Pakistani banks named in global money laundering list

At least 29 suspicious transactions worth about $2.5 million related to Pakistani banks, that may have been used for money laundering

Singapore, HK top destinations for suspect funds; China and India follow

Banks involved in suspec transactions are among global firms that profited from 'powerful and dangerous players', says report.

HSBC stock at lowest since 1995 on money laundering allegations

HSBC's share price fell to its lowest level since 1995, following allegations of money laundering and fears of another lockdown in Europe

Watch out for red flags: Renting your bank account is inviting trouble

If you are offered an excessively attractive sum for this purpose, be warned

Delhi clashes: Tahir Hussain gets judicial custody in money laundering case

Tahir Hussain has been sent to judicial custody in connection with a money laundering case related to northeast Delhi violence, the ED submitted before the Delhi High Court

Imran Khan, Opposition battle over Bills as FATF blacklist looms large

In July, Foreign Minister Shah Mahmood Qureshi said the government had prepared eight Bills to curb money laundering and terror financing

Money laundering: I-T raids continue on Chinese individuals, local contacts

I-T dept has seized a number of documents and computer peripherals and has recovered about Rs 60-70 lakh cash from multiple premises in the Delhi-NCR region till now

ED raids multiple cities in IAF Pilatus jet money laundering case

ED raided multiple premises in various cities in connection with a money laundering case linked to alleged corruption in the purchase of 75 Pilatus basic trainer aircraft for IAF in 2009