New Delhi, Apr 17: The Enforcement Directorate which filed money laundering charges against Tablighi Jamaat leader, Maulana Saad said that the funding from both foreign and domestic sources are under the scanner.
New Delhi, Jan 07: The Central Bureau of Investigation has booked 51 entities for allegedly remitting Rs 1,038 crore of black money to Hong Kong during the years 2014-15.
It is alleged that 51 entities mostly owned by residents of Chennai had remitted the money to Hong Kong in connivance with unidentified officials of three state owned banks, CBI sources told OneIndia.
New Delhi, Sep 20: Karnataka minister and Congress strongman, D K Shivakumar finds himself in the dock after the Enforcement Directorate registered a money laundering case against him. The case in question pertains to alleged tax evasion and hawala transactions.
Providing a major boost in the war against black money, India and Switzerland have decided to exchange banking information.
At least Rs 560 crore black has been unearthed in the last fiscal year, the government has said in a report.
The money parked by Indians in Swiss banks has come down to half. The amount has halved to 676 Swiss francs- around Rs 4,500 crore in 2016. This is largely due to the clampdown on black money stashed away abroad.
Switzerland on Friday ratified automatic exchange of financial account information with India. This is a move that marks the end of the banking secrecy in Switzerland which has for long been regarded as a haven for black money.
Continuing its fight against black money, the government on Tuesday launched a website Operation Clean Money. The new website will help honest tax payers, Union Finance Minister Arun Jaitley said inaugurating the website.
A Republic Day protocol was triggered off at three major airports following a hijack threat on Sunday. However investigations that have been conducted suggest that the hijack call was a hoax. Security had been stepped up at the Chennai, Hyderabad and Mumbai airports following the email.
At least 60,000 people will be issued notices by the Income Tax Department in what is known as a second round of clean up after the decision on demonetisation was made. The Central Board for Direct Taxes said that the IT department has introduced a second phase of its operations to detect black money post demonetisation.