Suresh and Sarith had moved a joint plea seeking protection from arrest in the case lodged by the police on the complaint of a ruling Left Democratic Front MLA's complaint alleging conspiracy behind her revelations against him, the chief minister and his family.
The investigation agency said during the custody, Suresh had disclosed that she had kept proceeds of the crime at the bank lockers and invested as deposits in various banks.
If Sebi and RBI remain quiet about this brazenly illegal activity, will someone in the finance ministry or the NITI Aayog take a closer look, asks Debashis Basu.
'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'
The Kerala high court on Tuesday granted bail to Swapna Suresh in the Unlawful Activities (Prevention) Act case registered by the National Investigation Agency in connection with the sensational gold smuggling through diplomatic channel.
The gold, weighing over 30 kg, was seized from the "diplomatic baggage" that had landed by air cargo at the Thiruvananthapuram international airport recently from the Gulf.
On Saturday, an online marijuana sale racket was busted by Bhind police in Madhya Pradesh, leading to the arrest of two persons and seizure of 20 kilograms of the contraband, according to an official. The accused were operating the racket through a leading e-commerce firm, which received two-thirds of the profits generated, as per the official.
A woman passenger was on Thursday arrested at the airport in Bengaluru for allegedly smuggling in more than 31,000 memory cards worth Rs 64 lakh from Hong Kong by hiding them in her stockings, a top customs official said.
European countries are trying to woo back the Indian customers they had lost following seizure of drug consignments by Customs authorities of several European Union members.
On October 18, the tax department had said searches had led to detection of undisclosed income of more than Rs 500 crore in addition to Rs 93 crore worth seizures, including gold jewellery and diamonds. A revised appraisal of such seizures now pegs its value at Rs 106 crore which includes cash (Rs 45 crore), gold jewellery and diamonds (Rs 41 crore) and foreign currency Rs 20 crore.
The government is looking to plug loopholes in the Indian customs law provision that allows tax exemptions for gifts up to Rs 5,000 and trade samples up to Rs 10,000 sent to India from abroad.
Minutes after she concluded her press conference, she told a TV channel that her colleague Sarith PS, who also worked with her at HRDS India, had been kidnapped in broad daylight from her home by 3 or 4 unknown people.
This money was found wrapped in newspapers and was concealed in their check-in baggage.
The Kerala government on Friday decided to recommend a judicial inquiry against central probe agencies, including the Enforcement Directorate, which are investigating the gold and dollar smuggling cases.
Over Rs 16 crore in cash has been seized till now by EC-appointed surveillance teams and check squads in five poll-bound states, with Rajasthan topping the chart with the recovery of Rs 7.13 crore.
In a move aimed at maintaining 'zero tolerance' against terrorism and cross border crimes, the Centre has empowered the Border Security Force to conduct searches, arrest suspects and make seizures up to an area of 50 km inside Indian territory from the international border along India-Pakistan and India-Bangladesh borders.
Following recent govt moves, seizures shoot up in Nepal and Bangladesh
A spokesman for Gibraltar's government also confirmed that police proceedings against four members of the crew had ended.
He told officials he was taking the diamonds to Bangkok to selling on Valentine's day.
An alert has been issued by the Directorate of Revenue Intelligence, lead agency to check smuggling and customs duty evasion, to all international transit points across the country, official sources said.
The year also witnessed Mumbai-based Sun Pharmaceutical continue the tussle for taking over Israeli drug firm Taro, while MNCs struck alliances with Indian companies to capitalise on generics expertise in New Delhi.
Indian medicine accounted for over 50 per cent of all drug seizures in Europe for intellectual property rights violation last year. Industry experts said this indicates the seriousness of the problem. This data was revealed in the recently-released 2009 report of the European Union on the customs enforcement activities of its member states.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
The case goes back to 2014, where the diamond merchant had pleaded guilty, though indirectly, for mis-declaration of exports of diamonds.
In a 7-page letter Choksi said, he was being threatened by the individuals with whom he has business relationship and due to the seizure of his assets, his employees, customers and creditors have started to show animosity towards him.
16 national and regional industry bodies and sectoral business lobbies video-conferenced with Commerce and Industry Minister Piyush Goyal on Saturday and raised key concerns facing Indian industry in the wake of the 21-day lockdown over coronavirus.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
The contraband, meant for an US customer, was kept in gunny bags of 20 kg each.
The elephant, Laxmi, was traced to Yamuna Khadar area. Its mahout, Saddam, has been arrested
The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.
'Under this government, tax laws have become more draconian, and the government itself is setting stiff, unrealistic targets for tax officials, who have got more powers to harass us,' points out Debashis Basu.
The number one way the Modi administration can demonstrate its commitment to the success of the Atal Innovation Mission, Accelerating Growth for New India's Innovations, Make in India, Digital India, and Startup India is to strengthen its IP framework in ways that promote the legal and regulatory certainty necessary for greater R&D investment, high-value jobs, and greater innovative and creative outputs, the report said.
Those earning over Rs 50 lakh a year need to disclose all jewellery and cash in their returns, says Tinesh Bhasin.
Federal authorities in the United States have seized two valuable artefacts stolen from India valued at about $450,000 (Rs 3 crore) from the premier auction house Christie's, just days before a scheduled auction of the items as part of planned festivities to celebrate Asia week.
The FAQ also clarified that companies, including Titan, which supplies watches and jewels through their own websites will not be considered as e-commerce operators
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Under siege, Nitish plans to tweak Bihar's anti-booze law
In continued post-demonetisation crackdown on black money, stashes of new notes continue to be seized in several states, including Rs 1.05 crore from a tea seller-turned-financier in Gujarat and nearly Rs 90 lakh in Andhra Pradesh.
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