Posts in tag

black money


The Finance Ministry has declined to share copies of three reports on the quantum of black money held by Indians inside the country and abroad, alleging they were being examined by a Parliamentary panel and disclosing details will cause a breach of privilege of the House. These reports were deposited to the government more than …

The business account of small-scale industry in Peenya, that manufactures heat exchangers, was robbed of Rs 31 lakh overnight, in what is likely to be a case of SIM-card cloning. The amount stolen is among the biggest in cyber-crime cases registered in the City. Kusha Shetty (73), Director of Eskay Heat Transfers, Peenya, confirmed the …

Global police body Interpol published a red corner notice against fugitive offender Mehul Choksi, wanted in the 13,000-crore bank fraud case, on Thursday. The Interpol arrest warrant has given on a CBI request. The CBI and Enforcement Directorate (ED) had filed a charge sheet against him in a Mumbai court. Authorities in Antigua are now …

Vijay Mallya Offers To

Five days before a UK court’s verdict on whether Vijay Mallya can be extradited, the fugitive businessman, who is being investigated for fraud and money-laundering, appealed to several Indian banks to accept his offer to pay back 100 percent of the principal loan amount he owes them. In a web of tweets, the liquor baron …

Karnataka

A day after an audio clip came fresh charges of attempts by BJP to topple the HD Kumaraswamy ministry, the state Congress Tuesday said it would lodge a police complaint about the matter while asserting all MLAs of the party and its ruling partner JDS was with the government. “On behalf of the KPCC, we …

Man Held For Cheating 400 Youths In The Name Of Government Scheme

A 50-year-old man was on Tuesday arrested for allegedly cheating around 400 unemployed youth by misusing the name of ‘Pradhanmantri Kaushal Vikas Yojana’, police said. Indore Additional Superintendent of Police Bittu Sehgal told reporters that accused Janak Mehta opened a “training center” and collected money from around 400 youth in the name of a month-long …

Corrupt Officials Did Not Spare Even Rape Survivors, Farmers

How low would a person have to sink to seek a ‘cut’ from the money being handed over to a rape survivor? Vinod Bhosale, an official from the Women and Child Welfare department, no less, could have the answer to that question. He was caught red-handed trying to extract Rs. 20,000 from a rape survivor to hand …

Shiv Sena's comments criticisingdemonetisation are 'fairly accurate', says senior Congress leader

A Congress leader on Friday coined the Shiv Sena’s comments, that people were “waiting to punish” Prime Minister Narendra Modi for announcing demonetization two years ago, as “interesting and fairly accurate”. All India Congress Committee (AICC) secretary in-charge of Maharashtra, Ashish Dua, however, also stated it remains to be seen if the Shiv Sena would …

Ponzi scam caseFormer Karnataka minister Janardhana Reddy, aide arrested

Former Karnataka minister and mining baron G Janardhana Reddy were jailed on Sunday after hours of intense questioning by police in connection with a Ponzi scam case, Additional Commissioner of Police (Crime) Alok Kumar said. Reddy, who appeared at the Central Crime Branch (CCB) office on Saturday, was arrested after the questioning finalized on Sunday …

21,000 People Disclose Rs. 4,900 Crore Black Money Under Government Scheme

Black money worth Rs. 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetization, an official alleged today. The Income Tax Department, a top government official told news agency PTI, has collected a tax of Rs. 2,451 crore till now from these declarations. “21,000 people …

Enforcement-Directorate

Directorate of Enforcement is a specialized financial investigation body under the Department of Revenue, Ministry of Finance, Government of India, which enforces the following laws: – Foreign Exchange Management Act,1999 (FEMA) – A Civil Law, with officers are authorized to organize investigations into suspected contraventions of the Foreign Exchange Laws and Regulations, adjudicate, contraventions, and …

What is Pradhan Mantri Garib Kalyan Yojana

The Pradhan Mantri Garib Kalyan Yojana (PMGKY) was introduced by Indian prime with Mr Narendra Modi in 2015. The main goal of this scheme is to addressing poverty. However, with the latest demonetization drive introduced by the large-scale government to procure the spread of black money, an amendment has been made to the current Income …