While the ruling Bharatiya Janata Party has given tickets to 76 'crorepati' candidates, the opposition Congress has fielded 60 such nominees. They are followed by seven from the Nationalist Congress Party, six from the Aam Aadmi Party and two from the Bahujan Samaj Party.
The Villa, owned by United Breweries Holding, was mortgaged by KFA to SBI-led 17-bank consortium to obtain loans in 2010
The Supreme Court on Monday appointed former apex court judge Justice R V Raveendran as a mediator to settle the family property dispute involving businessman and former IPL head Lalit Modi and his mother Bina Modi. The apex court observed that counsel appearing for both sides agreed that they would go without any pre-condition and with an open mind to settle the dispute in mediation. "....We also think the issue can be resolved by way of mediation," a bench headed by Chief Justice N V Ramana said. "Accordingly, we appoint Justice R V Raveendran, a retired judge of this court, to mediate and settle the dispute," said the bench, also comprising justices Krishna Murari and Hima Kohli.
Amit Shah's net worth grew 32 per cent to Rs 37.91 crore, mainly due to 80 per cent appreciation in the market value of his securities.
The prime accused deployed a modus operandi of claiming the investment in real estate purchased in the name of third party as unsecured loan
The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, revenue secretary Tarun Bajaj said on Wednesday. Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.
Not just unclaimed bank deposits, there are thousands of crores of rupees locked in unclaimed shares and insurance policies lying with many institutions across India.
The Attorney General said that Mallya has not disclosed full details of his assets.
There are 5,004 IAS officers working across the country.
In a special campaign from April 2017 till July 2021, 13,801 cases were lodged under the Gangster Act and 43,294 accused arrested, while the National Security Act was invoked against 630 people, Additional Director General of Police, Law and Order, Prashant Kumar said.
A Communist Party of India-Marxist leader in Marxist-ruled Tripura who lay on a bed of cash withdrawn from his own bank account to fulfil a long cherished dream, is in deep trouble with his party.
The new UP CM also asked all his ministers to provide details of their income, moveable and immoveable assets within 15 days.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
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.
The bench expressed displeasure over the trend of filing of sedition cases just after senior advocate F S Nariman made opening submissions on behalf of Singh, saying 'the gentleman has served as the Additional Director General of Police (ADGP) and was acting as the Director of the Police Academy and now the proceedings under section 124A (sedition) of the IPC have been initiated against him'.
Officials said the Enforcement Directorate along with the Central Bureau of Investigation launched fresh searches on March 22 at the Samudra Mahal luxury residential flats of Modi in Mumbai's Worli area which resulted in the recovery of fresh valuables.
But Raju has not discarded his first love, real estate.
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
With the Supreme Court not getting into the valuation part and leaving it to the two parties, lawyers said there was nothing much for Mistry Group to negotiate.
Two days after Mumbai Police attached his properties, Jignesh Shah, director of the beleaguered National Spot Exchange Ltd, on Thursday told investigators that he was making "relentless" efforts to recover money from defaulters.
Vadra was directed by a Delhi court to cooperate with the investigation being carried out by the central probe agency after he knocked on its door seeking anticipatory bail in this case.
The move came a day after the Election Commission announced dates for the forthcoming assembly polls in his state.
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.
The government can seek details from sellers such as sources of funds while buying.
The I-T Department has served notices of attachment of assets to Lalu's daughter Misa Bharti and her husband Shailesh Kumar, his wife and former Bihar Chief Minister Rabri Devi, son and Bihar Deputy Chief Minister Tejashwi Yadav and daughters Chanda and Ragini Yadav.
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
Though the erstwhile scion of Gwalior and present Bharatiya Janata Party member of Parliament Yashodhara Raje Scindia only has Rs 15,400 cash in her hand, she owns a dinner set worth over Rs 1.54 crore, according to the affidavit she filed along with the nominations papers in Shivpuri in Madhya Pradesh on Wednesday.
24% claim exemption from income tax or say they have no income at all, discovers Manoj K.
Do not declare them under Income Tax.
Recently, Enforcement Directorate (ED) attached assets worth Rs 757.8 crore of Amway India Enterprises in connection with an alleged marketing scam. It claimed that Amway was running a multi-level marketing scam. The ED provisionally attached immovable and movable properties worth Rs 411.83 crore and bank balances of Rs 345.94 crore from 36 different accounts belonging to Amway. Data from the Department of Economic Affairs shows that in 2021-22 (until December 2021), ED had provisionally attached Rs 8,989.3 crore worth of assets.
The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival.
The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets, suggests Harsh Roongta.
The government has reconstituted a high level committee for the disposal of enemy properties that have been left behind by those who migrated and took up citizenship of Pakistan and China.
The latest attachment order was issued by the central probe agency against Ms PD Agroprocessors Pvt Ltd, one the defaulters at the bourse.
To further tighten its control of practising accountants, the Centre has brought within the ambit of the Prevention of Money Laundering Act (PMLA) their "financial transactions" such as operating and managing their client firms and trusts, and buying and selling business entities. The Union finance ministry issued a gazette notification on this on Wednesday. Under the new rule, chartered accountants, company secretaries, and cost and works accountants carrying out such transactions (on behalf of their clients) will now be required to go through the Know Your Company (KYC) process before commencing work.
Chidambaram mocked her with a tongue-in-cheek tweet.
Sebi on Thursday sent a notice to fugitive businessman Mehul Choksi asking him to pay Rs 5.35 crore in a case pertaining to fraudulent trading in the shares of Gitanjali Gems Ltd and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days. The demand notice came after Choksi failed to pay a fine imposed on him by the Securities and Exchange Board of India (Sebi). Choksi, who was the chairman and managing director as well as part of promoter group of Gitanjali Gems, is the maternal uncle of Nirav Modi.
ED attaches properties worth Rs 53 crore in quid-pro-quo investments case.
The Enforcement Directorate on Monday conducted raids against arrested Delhi minister Satyendar Jain as part of a money-laundering probe linked to an alleged hawala dealings case being conducted against him, officials said.
Hudco had in 2006 given a loan of Rs 62.38 crore to Bakshi's private venture, Ascot Hotels and Resorts, for a commercial project in Noida. The loan, however, turned NPA in 2011.
