The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The IT department has a designated official to execute these rare powers.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
On February 13, Sebi passed two separate orders, together running into 160 pages, directing attachment of properties and freezing of accounts.
'If you talk about any kind of equality, you are under attack.'
A Special Court for Economic Offences has ordered summons to be issued against him over dues from his Kingfisher Airlines to the I-T Dept.
His son Karti was questioned by the agency in the same case on Thursday for about six hours.
The Tribunal will hold on Saturday its 'preliminary hearing' of four petitions in this matter related to the high-profile case involving a refund of over Rs 24,000 crore (Rs 240 billion) raised through 'various illegalities' by two Sahara companies.
Corrupt bureaucrats in Jammu and Kashmir have more bad news coming their way -- they may lose their pension too besides property acquired through ill-gotten money.
Embattled liquor tycoon Vijay Mallya claimed on Sunday that Prime Minister Narendra Modi's statement in a recent interview confirming the recovery of Rs 14,000 crore worth of his assets has fully vindicated him in his assertion of being a "poster boy" for the Bharatiya Janata Party-led government.
The lawyer also claimed "there is no evidence to prove any of the charges levelled against my client."
Vadra, on Facebook termed as "witch hunt" the Enforcement Directorate's action of attaching assets of a firm linked to him, and claimed that it showed "complete misuse of assertion of power".
The probe gave a clean chit to the tax department that was being alleged to have harassed Siddhartha.
Delivering the verdict, Westminster Magistrates' Court Chief Magistrate Judge Emma Arbuthnot said that there was "no sign of a false case being mounted against him".
Some of the defaulters have not paid up amounts as small as Rs 15,000, while the majority of individual penalties are worth a few lakhs of rupees and a few others amounting to a few crores of rupees.
The officials said the case was re-registered by the NIA recently and it has initiated investigations into it.
Pakistan on Monday said a media report about the United States secretly providing aid to the country to guard its nuclear weapons painted a "distorted and exaggerated" picture of Islamabad's efforts to ensure safety of its atomic arsenal.
To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
The Centre has issued new guidelines to seize properties or assets of government officials involved in corrupt practices even after their retirement.
The Supreme Court on Tuesday refused to stay the investigation against Mumbai Congress chief Kripashankar Singh and his family members for allegedly amassing disproportionate assets but put an interim stay on the process of attaching and seizure of their properties.
Senior Mumbai Congress leader Kripashankar Singh has moved the Supreme Court challenging the Bombay high court direction for his prosecution under the Prevention of Corruption Act and attachment of his immovable properties in a case of alleged disproportionate assets.
Himachal Pradesh Chief Minister Virbhadra Singh, who has accused the Modi dispensation of trying to "destabilise and topple" his government by using central agencies, on Monday met Congress President Sonia Gandhi in the backdrop of President's Rule being imposed in party-ruled Uttarakhand.
Shedding the stigma around failure, sharing issues with the family and seeking financial assistance from others can help alleviate distress and help people recover faster, says experts.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A Codicil is a document created by the testator to make changes to an existing will, points out Sarbajeet K Sen.
The Bill could be referred to the Parliamentary Committee for scrutiny
The criminal case was registered by the Mumbai zonal office of the agency after it got reports in this regard from the Sebi.
The Central African Republic (CAR) said on Tuesday that a diplomatic passport that tennis star Boris Becker claims entitles him to immunity in bankruptcy proceedings in Britain "is a fake."
Officials said the agency has issued fresh summons to Singh as it wants to record his statement under the PMLA.
Government may bring a new law on black money during the ongoing Parliament session.
The ED summons have come close on the heels of filing of a chargesheet by the CBI against Singh, his wife and others for allegedly amassing assets worth around Rs 10 crore disproportionate to their known sources of income.
Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group
According to a government reply in Lok Sabha, as on June 30, 2017, there were about 109,598 cases pending across debts recovery tribunals, with recovery dues of Rs 635,500 crore.
The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's Cairn Energy Plc before deciding on appealing against losing a tax case against Vodafone Group, sources said. An international arbitral tribunal is expected to give a decree within next few days on Cairn Energy Plc's challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand.
Even existing cases might come under the proposed law, including those of Vijay Mallya, Nirav Modi and Mehul Choski. But, the law would not cover earlier cases.
This is the first time that the 73-year-old former finance and home minister is being grilled by the ED in this case.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
The SC bench directed the court-appointed forensic auditors to complete their detailed investigation on divergence of home buyers money by Amrapali group before March 22 and list the matter for hearing on March 24.
This is the new addition to the tax data, which had identified over 600,000 people for scrutiny over huge inconsistencies in the cash deposits
Providing some relief to borrowers under the Securitisation Act, the Supreme Court has ruled that secured creditors cannot straightaway attach the defaulter's assets after giving the mandatory 60-day notice.
