Page 31 - Money Laundering

Govt considers amnesty scheme for citizens hoarding gold illegally

The government plans to ask people with unaccounted holdings of the metal to declare it to tax authorities and pay levies, and penalty

Coffee Day probe finds Rs 3,500 cr fund diversion; clean chit for I-T dept

Investigation by CBI officer stated that Siddhartha's "Mysore Amalgamated Coffee Estates Ltd (MACEL) owes a sum of Rs 3,535 crore to the subsidiaries of Coffee Day Enterprise Ltd(CDEL)."

PMC bank scam: Wadhawans bail rejected, offence grave says court

The Wadhawan duo are accused in the multi-crore rupee Punjab & Maharashtra Cooperative (PMC) Bank scam case.

SC dismisses anticipatory bail of DHFL promoters in YES Bank case

The Wadhawans, now arrested, have challenged the Bombay High Court's May 12 order rejecting their plea for pre-arrest bail.

ED files money laundering case in Medanta hospital land allotment case

The central probe agency has registered a criminal case under the Prevention of Money Laundering Act

PMLA court orders seizure of Nirav Modi's assets worth Rs 1,400 crore

Court also allows banks to lay claims for secured assets out of these confiscated assets

Naresh Trehan, 15 others booked over Medicity land allotment in Gurgaon

The case was lodged at the Sadar police station on Friday and the accused have been booked under sections of the Prevention of Money Laundering Act, Prevention of Corruption Act, according to the FIR.

Bank of Mauritius approaches RBI to clear the air on NBFC impasse

Bank of Mauritius has written to its Indian counterpart, explaining the mechanism by which investments are greenlighted via the country, and highlighted importance of Mauritius as an investment hub

Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore

The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

EU's revised list includes Mauritius among high risk jurisdictions

Impact on India investments via Mauritius likely to be minimal

UK's decision to reject Mallya's appeal a significant milestone, says CBI

Meanwhile, the liquor baron expressed disappointment and said he will pursue further legal remedies as suggested by his lawyer

ED charges Tahir Hussain, PFI for alleged funding of Delhi violence

The officials said the federal agency has taken cognisance of a clutch of FIRs filed by Delhi Police's Crime Branch to probe the alleged money laundering

Rana Kapoor to face Mumbai court after arrest in money laundering case

Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses

AirAsia money laundering case: HC asks ED to file its status report

The court directed the probe agency to file its status report in a sealed cover before the next date of hearing on May 14

MCA unearths Rs 700 cr scam in Unitech, says funds diverted to 16 shell cos

Company believed to have siphoned off huge amounts of money to various shell companies

ED attaches assets worth Rs 204 cr of ex-Bhushan Power CMD Sanjay Singal

The Enforcement Directorate had on Friday filed a charge sheet against Singal and others before a special Prevention of Money Laundering Act (PMLA) court here.

Money laundering case: ED files chargesheet against former BPSL CMD Singal

Singal was placed under arrest on November 22 last year under the PMLA after he was questioned in connection with the case

Switzerland sends notices to Indians for trusts set up in tax havens

Individuals suspected to have moved abroad after evading taxes back in India are being probed too.

Note ban ghost comes to haunt jewellers as I-T dept passes recovery orders

Jewellers who have received such orders will have to cough up at least 20 per cent of the demand before they can file an appeal