The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
Liquor baron Vijay Mallya's passport has been suspended.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
A growing number of US companies are looking to India's outsourcing firms to cut the cost and time needed to comply with a US corporate governance law that calls for timely and accurate reporting of financial accounts.
The Justice RM Lodha Committee on Monday submitted its report suggesting reforms in the Board of Control for Cricket in India (BCCI) to the Supreme Court. The committee, which was last year appointed by the apex court to make recommendations to the BCCI in order to prevent frauds and conflict of interest in cricket administration, recommended sweeping reforms for the controversy-ridden board.
The Supreme Court refused to entertain a plea seeking stay on the Board of Control for Cricket in India elections scheduled to take place on May 22.
Expelled Indian diplomat Devyani Khobragade, in effect, has been barred entry into the United States.
Con men use Pakistani cell phone numbers to make calls to people in India.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
'It has also saved the government about $ 9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list,' Nilekani said at an event on the sidelines of the annual meeting of the International Monetary Fund and the World Bank.
As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.
The proclamation was issued by a special anti-money laundering court on June 14 under Section 82 of the Criminal Procedure Code
Questioning whether "New India" can be ever run by this "kleptocrat's club", Jaitley said those who have lent support to the West Bengal dharna are those who are battling serious allegations of economic improprieties
The Enforcement Directorate (ED) ED will soon seek an Interpol arrest warrant against liquor baron Vijay Mallya based on a non-bailable warrant issued on Monday by a Mumbai court in a money laundering case.
Rajesh Agarwal, the chartered accountant, was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds.
Flower said ICC may have wanted Zimbabwe Cricket to put its house in order but actually the current board members were "good people".
The move takes the process of extraditing and bringing back Nirav Modi to face the law in India to the next stage, the sources said.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
Key points from the independent commission of the World Anti-Doping Agency (WADA) report, released on Wednesday, and from comments made by co-author of the report, Dick Pound at a news conference.
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
Nation Live editor Anshul Kaushik was arrested on Monday and remanded in 14-day judicial custody.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
The proposed law seeks bars on storing and processing of personal data by entities without the explicit consent of an individual. It, however, provides for exemptions for "reasonable purposes" such as "prevention and detection of any unlawful activity including fraud, whistle-blowing, merger and acquisitions, network and information security, credit scoring, recovery of debt, processing of publicly available personal data and the operation of search engines".
Breaking his silence after a long time, to state the "factual position in response to the controversy unfortunately surrounding" him, Mallya said he had written letters to both the prime minister and the finance minister on April 15, 2016, to explain his side of the story. "No response was received from either of them," he said in a statement.
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
Corp tax arrears at over Rs 3.11 trillion as of Dec 2014.
If the credit card is not used judiciously, it can cause havoc with one's personal finances, warns Sarbajeet K Sen.
Using Microsoft's Cognitive Services, the selfie is compared to the one corresponding with the account on file. If the two photos do not match, the account is temporarily blocked while Uber looks into the matter.
The court directed Raju, the prime accused in Satyam scam, and others to furnish personal bond of Rs 20,000 each and sureties of the like amount on or before December 22 and posted the matter to the same date.
'If the RBI liability is extinguished and they no longer remain legal tender, then those Rs 500 and Rs 1,000 notes are worthless paper.' 'Then why should it be a criminal offence to keep that paper?'
But Raju has not discarded his first love, real estate.
Holger Erik Misch, a resident of Berlin, had on November 3 entered into an altercation with railway employee Aman Kumar and had also allegedly attacked two policemen with a stick.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
The probe is expected to take about three months.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
The enforcement agency had received queries from the Interpol to this effect in May last week.
