The Enforcement Directorate (ED) conducted raids on the premises of Rajasthan Congress leader and former minister Pratap Singh Khachariyawas and Punjab AAP MLA Kulwant Singh as part of a money laundering probe linked to the Rs 48,000-crore PACL Ponzi scam. Khachariyawas, who served as a minister in the Ashok Gehlot government, claimed the ED action was politically motivated due to his criticism of the government. Singh, a real estate promoter, is reported to be Punjab's richest MLA with assets worth Rs 1,000 crore. The ED has been investigating the PACL scam since 2015, alleging that the company defrauded investors of Rs 48,000 crore through fraudulent investment schemes.
"As per the information provided by the Government of Jammu and Kashmir, two persons from outside Jammu and Kashmir have purchased two properties in the Union Territory of Jammu and Kashmir since August, 2019," he said.
The Mumbai high court on Tuesday stayed till June 13 an order of a Debt Recovery Tribunal attaching immoveable properties of Maharashtra government and its two accounts maintained by Reserve Bank of India and State Bank of India.
The Enforcement Directorate (ED) is investigating the assets and finances of Jalaluddin alias Chhangur Baba, the alleged mastermind of an illegal religious-conversion racket in Uttar Pradesh. The ED has written to various authorities and banks to gather information and is expected to seek custodial remand for questioning.
All ministers in the Narendra Modi government will have to submit details of their assets, liabilities and business interests to the prime minister within two months.
The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation. A total of six premises in Thrissur, where the company is headquartered, were covered during the searches that were launched on Wednesday. The case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a statement.
Suspended Indian Police Service officer Amitabh Thakur on Monday sought time to meet Chief Minister Akhilesh Yadav after submitting details of his immovable assets as directed by the state government.
The amount of money Indians invested in foreign securities, property, and deposits in 2022 was likely the highest on record. At $2.1 billion, it was the largest spend for any 12-month period according to the Reserve Bank of India's (RBI's) data going back over a decade. The amount spent for each individual segment was also the highest.
India's Minister of State for Home, Nityanand Rai, has announced a 71% decrease in terrorist incidents in the country under the Modi government. He credits a "zero tolerance" policy towards terrorism, which has resulted in no terror incidents in the hinterland. Rai also highlighted the National Investigative Agency's (NIA) successes, including the investigation of cases on foreign land and a conviction rate of 95.54%.
Suspended Jharkhand IAS officer Pooja Singhal was paid "commission" by subordinate staff from MGNREGA funds of Khunti district which she and her husband subsequently utilised for acquiring various properties, the Enforcement Directorate (ED) claimed in a statement on Wednesday.
'If a person wanted to contest from such a difficult seat, then it is meaningless to say that he is afraid of losing elections'
'This year's detection of frauds and probable recovery will be mainly driven by several compliance measures put in place, and amendments made to the GST regime to plug revenue leakages particularly in new-edge sectors.'
However, the consultant cautioned that security concern may keep prospective property buyers at bay for now.
Chidambaram showed a total income of Rs 8.58 crore for 2014-15, while his wife Nalini showed income of Rs 1.25 crore for the same period.
The properties the government is eyeing to dispose of this year are located in prime locations of cities like Delhi, Mumbai, Surat, Ahmedabad, Bengaluru and Chennai.
Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
In a development that may encourage increased investment in commercial real estate, the Supreme Court on Thursday gave the industry relief by permitting input tax credit (ITC) on construction expenses for buildings meant to be leased. "If the construction of a building was essential for carrying out the activity of supplying services, such as renting or giving on lease or other transactions in respect of the building or a part thereof, which are covered by clauses (2) and (5) of Schedule II of the CGST (Central Goods and Services Tax) Act, the building could be held to be a plant," said Justice Abhay S Oka and Justice Sanjay Karol.
The department raided more than 35 premises in Maharashtra's capital city on February 25, and the Central Board of Direct Taxes (CBDT) said in a statement on Thursday that 'preliminary investigation indicates that these contractors have evaded income to the extent of Rs 200 crore on account of...malpractices'.
The Supreme Court on Tuesday said it will lay down guidelines for all citizens and not for any particular community on the issue of demolition of properties.
The NSEL scam, involving Rs 5,600 crore, came to light after the now defunct exchange, promoted by Financial Technologies, failed to pay its investors.
The Enforcement Directorate on Tuesday said it had filed a chargesheet on April 9 in a money laundering case related to the National Herald newspaper. Apart from Sonia and Rahul Gandhi, the chargesheet also names senior Congress leaders Sam Pitroda and Suman Dubey as co-accused.
When there are two wills produced before the court, which one will be executed?
If the government tries to bring in real estate under GST now, it will be a typical case of biting more than what one can chew, says Sukumar Mukhopadhyay.
Foreign investors consider land acquisition in India as a high risk transaction because there is no comfort of title insurance to protect their financial interest in immovable properties, according to an expert agency.
A division bench of Justices Vibhu Bakhru and Amit Mahajan set aside the single judge's December 24, 2019 order pegging the value of the property at Rs 130 crore.
The Bombay High Court has directed Mumbai police commissioner Hemant Nagrale to clear maintenance arrears to his estranged wife Pratima aka Rani Hemant Nagrale.
The Enforcement Directorate (ED) has filed a chargesheet in the National Herald case, accusing Congress leaders Sonia Gandhi and Rahul Gandhi of a "criminal conspiracy" to "usurp" properties worth Rs 2,000 crore of its public company AJL by transferring 99 per cent shares for just Rs 50 lakh to their private company Young Indian. The ED has named Sonia Gandhi as accused no 1 and Rahul Gandhi as accused no 2 in the chargesheet, which was filed under various sections of the Prevention of Money Laundering Act (PMLA).
President Pratibha Patil on Monday made public her movable and immovable properties worth over Rs 2.49 crore on the request of Central Information Commissioner as she completed four years in office. Rediff.com takes a look at the total worth of some other politicians in the country, and tries to find out where our President stands.
There are a total of 12,611 establishments called enemy property, roughly estimated to be worth over Rs 1 lakh crore, in the country.
A provisional order has been issued under the Prevention of Money Laundering Act against the newspaper's publisher Associated Journals Ltd and its holding company Young Indian, the central probe agency said in a statement.
The Bill also makes it mandatory for every person presenting the document at the registration office to affix his passport size photograph and get photographed by a digital camera on the document.
While Amitabh owned properties worth Rs 190 crore, Jaya had Rs 37 crore in movable and immovable properties, according to an affidavit filed by her along with the nomination papers.
A bench of Justices B R Gavai and K V Viswanathan clarified that its order will not be applicable to unauthorised structures on public roads, footpaths etc.
The Ayodhya judgment of November 9 draws on both the polytheism of Hinduism and the modern rule of law, says Deepak Lal.
Finance Act, 2007, has, with effect from June 1, brought seven new services in the service tax net
The Enforcement Directorate (ED) has filed a chargesheet against Congress leaders Sonia Gandhi, Rahul Gandhi, and others on charges of money laundering in the National Herald case. The chargesheet, filed on April 9, names Congress leaders Sam Pitroda and Suman Dubey as accused persons. The case pertains to the alleged fraudulent takeover of properties valued over Rs 2,000 crore belonging to the Associated Journals Limited (AJL), the publisher of the National Herald news platform. The ED alleges that Young Indian, a private company "beneficially owned" by Sonia Gandhi and Rahul Gandhi, "acquired" AJL properties for a mere Rs 50 lakh, significantly undervaluing its worth. The case has been transferred to Special Judge Vishal Gogne's court for further proceedings.
In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.
Bihar Chief Minister Nitish Kumar's son Nishant has cash and movable/immovable properties worth nearly Rs two crore to make him more than three times richer than his father, according to the declaration of assets and liabilities by Kumar for the calender year 2013.
A Dhaka court has ordered the freezing of 31 bank accounts linked to ousted prime minister Sheikh Hasina, her family members and their associates over corruption allegations. The accounts, holding a total of Tk 394.6 crore (INR 281.2 crore approximately), belong to Hasina, her son Sajeeb Wazed Joy, daughter Saima Wazed Putul, sister Sheikh Rehana, nephew Radwan Mujib Siddiq Bobby and their related organizations. The Anti-Corruption Commission (ACC) claims Hasina and others are trying to transfer the money from these accounts, prompting the court to issue the freezing order.
Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.
