Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
The government, on its part, is seeking to counter the opposition's offensive by bringing the Fugitive Economic Offenders Bill.
Policy decisions, particularly those which have wide-ranging implications on the nation's health and security, should be decided by bodies best suited to do so, the Delhi high court said on Monday while refusing to interfere with the Agnipath scheme.
A summary of sports events and persons who made news on Monday.
Symantec Corp, a global data security provider, has said that cyber attacks against critical infrastructure providers in India were becoming more frequent and effective in the recent past.
These illicit financial flows were generally the product of: tax evasion, corruption, bribery and kickbacks, and criminal activities.
In its recent report, the Financial Action Task Force has stated that 1,704 cases of money laundering are currently under probe in India. But the conviction rate in cases of money laundering, which are being probed by the task force, is a shocking three per cent.
Woefully inadequate infrastructure is just one of the many reasons why a case is not settled within 180 days and even 270 days as envisaged by the law, says Tamal Bandyopadhyay.
'Whatever ED officers do -- issue summons, conduct searches or arrest a person -- they have to face the courts.'
India on Saturday made it clear to Pakistan that the issue of the 2008 Mumbai attacks was still "very much on the table" and the matter cannot be "glossed over". It asserted that Pakistan must take action to bring to justice the perpetrators of the brazen assault on India's financial hub that left 166 people dead.
Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.
The ED has attached assets to the tune of Rs 9,003 crore and filed 173 charge sheets in the financial year 2014-15.
India is among the worst-ranked countries when it comes to taxation and inflation burden on economy, as also in terms of the negative impact of crime, terrorism and health hazards on business environment, a WEF report said.
Uttam Ghosh offers his take on the shocking media treatment of a young woman whose only crime appears to be loving a young man who decided to take his life
"Had corona (COVID-19) not been there, the prime minister would have dedicated NATGRID to the country. I am hopeful that the prime minister will dedicate NATGRID to the country in some time," Union home minister Amit Shah said during the 51st Foundation Day event of the Bureau of Police Research and Development (BPRD) here on September 4.
The Financial Action Task Force (FATF) on Friday retained Pakistan on its 'grey list' for failing to check money laundering, leading to terror financing, and asked Islamabad to investigate and prosecute senior leaders and commanders of United Nations-designated terror groups, including Hafiz Saeed and Masood Azhar.
'The second half of 2022 definitely looks stronger for Bollywood.'
A Chinese national apprehended while trying to cross the India-Bangladesh border illegally has told the investigators that he and his associates have smuggled as many as 1,300 Indian SIM cards into their country by hiding them in undergarments, the BSF said.
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
India ranked second among nations that were most targeted for cyber crime through the social media in 2014, after America
India tops the world with 11% of global deaths in road accidents while we have only 1% of the world's vehicles.
The searches are linked to suspected movement of hawala money during the ongoing polls season and tax evasion.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
The national capital also reported 38.8 per cent of the total number of crimes under the Indian Penal Code.
The Enforcement Directorate has managed to sniff out over Rs 9,000 crore as suspected haul from money laundering in a decade, but it has yet to link those against anyone successfully in a court.
The Delhi high court on Thursday sought the Enforcement Directorate's response on the bail plea by Delhi-based freelance journalist Rajeev Sharma, who was arrested in connection with a money-laundering probe linked to alleged leakage and supply of sensitive information to Chinese intelligence officers.
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
The human rights organisation has called for an independent inquiry into the selective leaks of information.
'Just think of this innocent man who had to suffer so much.' 'Who will compensate for the physical and mental torture Kappan had to go through in the last two years though he has not done any crime?'
India has said that terror groups like Lashkar-e-Tayiba do not "live on love and fresh air", expressing regret that they receive funds despite being slapped with sanctions by the United Nations, as the world body reaffirmed the need to cut the monetary lifeline of terrorists.
News of all that's transpired on and off the football field
Congress MP and member of the panel Karti Chidambaram had requested Tharoor to take up the matter and call the officials of the Information and Broadcasting Ministry before the committee to seek clarification and remedial measures.
The opening ceremony has been created by British screenwriter Steven Knight, who had produced the famous crime drama 'Peaky Blinders'.
'We commission more from here than anywhere else.'
Lata Ramgobin, who is the daughter of noted rights activists Ela Gandhi and late Mewa Ramgobind, was also refused leave to appeal both the conviction and the sentence by the Durban Specialised Commercial Crime Court.
If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.
The norms, say industry experts, are not sufficient to weed out fly-by-night contractors.
'Is baar vote jati par nahi, kaam par milega.'
Sebi's main contention against brokers is that the NSEL was offering paired contracts and they were forward contracts, which were "illegal".
Abhishek Yadav holds a Limca record for training 5,700 girls in self-defence techniques in Kunda, Pratapgarh and other places in Uttar Pradesh.
