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.
'I was shocked by the kidnapping episode. I could have lost my life.'
Undisclosed income has been detected in respect of 10 assessee groups which included those linked to AIADMK leader V K Sasikala.
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
Kapoor, 62, and the Wadhawans were arrested by the agency in this case early this year and they are in judicial custody at present.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
Karnataka goes to polls in about a fortnight and the Bharatiya Janata Party and the Congress is going toe-to-toe to win the elections, results of which will be announced on May 15. Here's a simple guide to all things about the Karnataka polls.
Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
CM Siddaramaiah called it a 'politically motivated' move.
Why would an official of the Bihar government buy land in Pokharan, Rajasthan -- the site where India carried out controversial nuclear tests in 1998?
The firm has blamed a section of unnamed competitors as well as maleficent parties
'Virat is the captain of the Indian side and Anushka is an A-list Bollywood actor. Something like this has not happened before.'
'All of us wear multiple faces, multiple masks. but who are we really?', J J Valaya, designer and photographer, asks K S Shekhawat.
The BJP chief said the ED and the CBI have taken prompt action in the Nirav Modi case.
The Enforcement Directorate (ED) on Friday arrested a suspected Delhi-based bookie after launching searches in multiple cities.
The auditors have discovered lack of confirmation of balances from 14 overseas buyers as claimed by Winsome Diamonds.
Violations of the act, made operational from November 1 last year, attract a heavy penalty and rigorous jail term up to seven years.
It appears that the BJP government has succeeded in managing the communication of the PNB scam in a manner that its adverse impact on its electoral fortunes is largely contained
During the searches at about 66 places, I-T officials said they've seized cash and jewellery worth over Rs 15cr.
The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
The government's move to sell enemy shares comes when it is struggling to meet its target of raising Rs 800 billion from the sale of State assets in the fiscal year ending in March 2019. The Custodian of Enemy Property of India holds around Rs 3,000 crore worth of equity shares besides land and property across India.
PNB is fully committed to its clean banking policy. That is why we are the first one to detect and report this to the various law enforcement agencies," PNB's CMD Sunil Mehta said on Thursday.
The judge fixed April 26 as the next date of hearing when he will appear via video link from jail.
The government has detected over Rs 1 lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.
In the 2015 bypoll in the same RK Nagar seat, she had declared total assets of Rs 117.13 crore.
The bench also said there was merit in ED's contention that while the "driving force behind the companies" (Modi) was not submitting to the agency's jurisdiction, his companies cannot be given any discretionary relief.
The billionaire jeweller, who has fled the country, in the letter also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.
'Appointed, sponsored and nurtured' by Jayalalithaa, P Rama Mohana Rao is now seen as a man who holds the key to the secrets of ministers and bureaucrats.
'It is vital that objects such as the Harihara -- and collections from South Asia generally -- remain here,' the British Museum tells Vaihayasi Pande Daniel.
The GST has been a great achievement, but it does suffer from weaknesses, says Chief Economic Adviser Arvind Subramanian.
A glance back at some of the important ups and down Indian Inc faced in 2018.
'Hundreds of engineers have complained that they are being threatened by criminals for allotment of contracts and extortion.'
An excerpt from Conde Nast India's Make In India magazine.
Thanks to rupee depreciation, India has a chance to fundamentally rework its stifled manufacturing sector.
What went on inside Kolkata's 'house of horror'? Indrani Roy/Rediff.com reports.
'I can tell you the case that hurts me the most is the one in which the little boy is forced to sign the Kohinoor over.' 'You take a mother away from a child, you surround him with grown ups speaking a different language, you tell him he must sign this over or else...'
