The move follows poor results in detecting undisclosed foreign assets and delay in concluding pending matters under the Black Money Act, which came into effect in 2015. According to the official data, only 52 cases have been identified so far. Of these, nine are from Mumbai alone.
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 capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
The agency, which placed the senior Nationalist Congress Party leader under arrest last night after a marathon grilling session on Monday, will seek his custody for further interrogation.
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
The government on Friday informed the Parliament that Sebi has discovered discrepancies in the claims by the bondholders and the database provided by Sahara Group in the Rs 20,000-crore (Rs 200 billion) investors money refund case.
A will is important not only to divide the assets but to close the succession loop.
Dayalu Ammal, 84, has been given an option to present her case through an authorised legal representative, in case she cannot come herself and answer questions of agency sleuths on March 28 in New Delhi, sources said.
The government is auctioning 42 coal mines among 204 coal blocks.
Former telecom minister A Raja, Dravida Munnetra Kazhagam MP Kanimozhi and 17 others were on Friday chargesheeted by the Enforcement Directorate in a special court in connection with a money-laundering case relating to the 2G spectrum allocation scam in which the party-run Kalaignar TV was allegedly paid Rs 200 crore by the promoters of Swan Telecom.
Earlier, the top court said it had been "taken for a ride" by the Sahara group by its past conduct and asked it to submit a roadmap for paying the balance amount
Offenders will be tried under Prevention of Money Laundering Act
Modi may take satisfaction from his display of considerable political skill in managing a mercurial, temperamental and unpredictable US president and nudging him into uncharacteristic restraint and even carefully orchestrated remarks. This personal chemistry will come in handy if Trump returns as president in the November elections, says former foreign secretary Shyam Saran.
A spokesperson said Sahara group is not into business with Trinity.
Here are the many pros and some cons of going for such an arrangement
The officials said her statement was also recorded under the Prevention of Money Laundering Act.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
The ED had recently conducted raids against her and her husband in connection with a Rs 8,000 crore money laundering case.
Chokshi and Chokshi, which was given December-end deadline to complete the audit of e-series contracts at NSEL, had sought extension to finish the work.
Such measures are expected to further enhance the protection of investors in the securities market
Yes, you need to be safe when dealing with third party agents who act as intermediaries between you and the lending institutes.
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.
A bench of Chief Justice Ranjan Gogoi and Justices S K Kaul and K M Joseph held that it was not appropriate for the apex court to interfere in the ongoing investigation.
Sisodia also sought to know why BJP leaders are coming out in 'support' of hotel owner Ramesh Kakkar who is a prime accused in the murder case. Giri, however, rubbished Sisodia's allegation that he is an 'accused' in the case, terming it as totally 'baseless'.
A court has taken cognisance of the charge sheet filed by Delhi Police against 13 accused arrested in connection with the petroleum ministry document leak case.
If you think the film is gutsy, you are simply being blind to the truth that the whole men-are-worthless slant is saleable right now, argues Sreehari Nair.
Lalu's daughter was grilled by the ED on Tuesday for about eight hours.
The Board of Control for Cricket in India, is locked in a legal battle with the Service Tax (ST) department, which has demanded an amount of Rs 536 crore (approx) as taxes on cricket board's earnings from royalty and media rights in the last one decade.
'Individuals have been found providing money to major terrorist groups, Hurriyat leaders, separatists and stone-pelters in Jammu and Kashmir.'
About 90% of divorce cases end as a fight about alimony.
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To get what it thinks are its dues, its brass have directed; construction, realty, renting of property, personnel supply, security & goods transport among those under lens
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
At present, Sebi norms bar wilful defaulters from issuing convertible debt instruments.
The Rock is setting new benchmarks in nurturing relationships and giving us parenting goals.
Li is currently attending the WEF annual meeting in Davos in back drop of release of the annual GDP figures by China highlighting the continuation of the slowdown of the world's second largest economy.
'When the forensics have collapsed, approver is clearly proved to be a liar from the beginning to the end... Does the prosecution genuinely believe that we ought to remain in judicial custody despite showing that their own story is not being corroborated by evidence, for another 192 witnesses?'
'Both Modi and Shah know the importance attached by Lord Krishna in the Bhagavad Gita to self-introspection (swadhyay) as one of the virtues of wise leaders.' 'From the way both leaders are painting the BJP's performance in the Karnataka election, one can only conclude that they have flunked Lord Krishna's test,' says B S Raghavan, the distinguished civil servant.
Total disputed liability of Mallya with respect to service tax to the tune of Rs 535 cr
Even in her 50s, the Amul Girl has far greater clout than any brand ambassador in India. And India's largest dairy organisation may soon cash in on that. Sohini Das reports.
In the matter pertaining to acquisition of AgustaWestland helicopters, the undisputed central issue that stands out is corruption, especially bribery, the statement said.
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