Bayern Munich president Uli Hoeness was charged with tax evasion on Tuesday after months of investigations into the high-profile affair were concluded, a Munich court said.
It said it was not convinced with the grounds of the CBI to condone over 4,500 days' delay in filing the appeal. The CBI had filed the appeal on February 2 this year.
After lot of deliberation, the CBI this year got the nod from the NDA government to file an appeal in the apex court.
According to the report, 1,195 Indians, nearly double the old list of 628 shared by the French government with India, figure in the HSBC list with a total balance of Rs 25,420 crore.
Tax department has launched 60 prosecutions.
'Has the time come to devise Version 2 of ad hoc T-bills?' 'In return, the government must agree to privatise all but five or six banks.' 'If something like this is not done, we will have governments going on the rampage, with increasing frequency,' says T C A Srinivasa Raghavan.
Reminding the Bharatiya Janata Party government of its poll promise of bringing back black money, Congress general secretary Digvijay Singh on Thursday dared the Centre saying if it has courage it should reveal the name of account holders.
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
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India and Switzerland have long standing bilateral ties across diverse areas including in the economic sphere.
Swiss authorities are examining development grants made by FIFA around the world as part of their investigation.
Among India's capital-starved local banks, Essar is viewed as too big to fail.
During the meeting, the parties also decided to unitedly move forward in fielding a joint candidate for the post of deputy chairman of Rajya Sabha, which fell vacant after the retirement of P J Kurien on July 1.
As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland on Monday said it is looking forward to working together with the new government of India in its fight against tax evasion.
Prime Minister Narendra Modi on Tuesday mounted a shrill attack on the Aam Aadmi Party
The Enforcement Directorate (ED) has summoned Rajkot-based bullion trader Pankaj Lodhiya, whose name figured in the list of black money holders submitted by the government to the Supreme Court, to probe if he was involved in hawala trade.
Swiss authorities have opened criminal proceedings against individuals on suspicion of mismanagement and money laundering related to the allocation of the 2018 and 2022 FIFA soccer World Cups in Russia and Qatar.
With one of its members, Pradip Burman, being named as an account holder in a foreign bank in the black money issue, Dabur India promoter family, Burmans on Monday said the account complied with all legal requirements.
The government may on Monday file an additional affidavit in the Supreme Court over the black money issue, stating clarification on its earlier stand of not revealing the names of those account holders who have deposited money in foreign banks.
Switzerland has been perceived for long as a safe haven for alleged illicit funds or black money
Occasionally, a whistle-blower releases sensitive financial data.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
Switzerland, UK, Venezuela, US and France are t
Under pressure from India and other countries, Switzerland has made key changes in its local laws governing assistance to foreign nations in their pursuit of black money allegedly stashed in Swiss banks.
Steps to improve governance, instill confidence in the government machinery and streamlining function across the different ministries are also important to feed the positive mood, the DBS report added.
"As it is said a man-made disaster, in the same way demonetisation is Modi-made disaster," the Congress vice-president said as he targeted the prime minister squarely blaming him for the hardships post-demonetisation.
The Bharatiya Janata Party's hot saffronite swami is yoga teacher Ramdev.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
Referring to Narendra Modi's speech targeting the prime minister on the Independence Day, Shiv Sena on Saturday said it hoped that the Bharatiya Janata Party leader, when he takes the top post, would "drag" fugitive gangster Dawood Ibrahim to India and hang him.
The former finance minister also criticised Prime Minister Narendra Modi over the words he chose to attack his predecessor Manmohan Singh, saying he should remember that the Chair he sat on was used by Pandit Jawaharlal Nehru and even Atal Bihari Vajpayee and hence he should use right language.
Rejecting the charge that the National Democratic Alliance has done a U-turn on disclosure of names of black money holders, Finance Minister Arun Jaitley has said the government will not be pushed into an act of adventurism and jeopardise the chances of getting cooperation of other countries in future.
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
Biju Janata Dal members had staged a walk-out while NDA ally Shiv Sena did not participate in the voting.
In a video message, Kejriwal asserted that he will prefer to die than stray from AAP's principles, adding the same rule will apply to himself and all other senior leaders.
The Fortune's 40 under 40 list for this year was topped by Adam Neuman, Co-founder and CEO, WeWork.
The I-T department has been probing 240 HSBC cases where it is suspected that Indians have stashed their illicit funds abroad.
Indore-based textiles firm Neo Corp is the latest in a series of Indian names that have been published in the official gazette of the Swiss govt.
N Chandrababu Naidu and his Telugu Desam party face a dilemma of how to woo both sides of the Andhra Pradesh divide, reports Rediff.com's Vicky Nanjappa
The I-T department has also filed 77 prosecution cases.
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