Karti gets midnight bail, granted protection from arrest

kartiKarti Chidambaram was granted anticipatory bail by the Madras High Court, hours after the Income Tax department had issued a warrant against him in a case relating to black money. He was granted bail in a midnight hearing of the Madras HC.

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IT raids at Delhi farm house unearths Rs 215 crore black money

The Income Tax Department (ITD) has unearthed black money of over Rs 215 crore after it conducted multiple raids over the weekend against two real estate groups who were selling land and farmhouses on the Yamuna plains to high-end investors in the national capital, officials said.

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Chidambaram pushed 80:20 gold scheme despite DRI warning on black money and laundering

Former Union Minister, P Chidambaram would find himself in a spot of bother after the Public Accounts Sub Committee sought a CBI probe against him for the controversial 80:20 gold import scheme. The PAC has alleged that Chidambaram had ignored objections of the Department of Revenue Intelligence.

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Gujarat polls: From Dawood to a neta, how the Angadias are being used

blackmoney_budgeThe scanner is on the Angadias following an expose that suggested huge sums of black money was being brought in for the Gujarat elections. With the Election Commission capping the expenditure at Rs 28 lakh per candidate, many are relying heavily on black money.

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How much black money has Jaitley brought back asks Yashwant Sinha

yashArun Jaitley delivered a well researched speech, but overlooked L K Advani’s advise to refrain from personal attacks says former finance minister of India,. Yashwant Sinha.

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Black money war: India, Switzerland to exchange banking information

blackmoneyProviding a major boost in the war against black money, India and Switzerland have decided to exchange banking information.

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Rs 560 crore black money unearthed during last fiscal: FIU

blackmAt least Rs 560 crore black has been unearthed in the last fiscal year, the government has said in a report.

Padma Bhushan awardee doctor, 5 others booked for transporting demonetised currency

oldnotesNew Delhi, Dec 24: A top doctor from Mumbai who is a Padma Bhushan awardee has been booked by the Central Bureau of Investigation in the ongoing crackdown against black money. The CBI registered a case against the doctor, Sureh Advani, Yoesh Shiroye, Dharam Raj Tilak, Krish, Gajanand Somnath and B M Shah.
The CBI registered the case after it was found that they were fraudulently transporting demonetised currency to the tune of Rs 10 crore. A CBI spokesperson when contacted said that he is an accused in case and his exact role would come out after the probe. The doctor a top oncologist has won several awards including the Padma Shri in 2002 and Padma Bhushan in 2012.

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Who is Parasmal Lodha alias Fiddler on the Roof

Parasmal Lodha(standing in the middle)
Parasmal Lodha(standing in the middle)

Kolkata, Dec 24: The Enforcement Directorate arrested businessman Parasmal Lodha from Mumbai for converting over Rs 25 crore old currency into new notes.

A fierce businessman, Lodha was called, ” Extra Floor Lodha or Fiddler on the Roof,” after he added extra floors illegally to a building. Lodha however managed to legalise this thanks to the clout he had with the authorities and police.

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As IT raids increase, black money takes the Bangladesh route

newnotes1Bengaluru, Dec 23: The Intelligence Bureau has suggested enhanced security along the border areas to prevent black money in new notes from being sent abroad. There is specific intelligence that suggests several persons are sending their black money in new notes to Bangladesh.
The Income Tax Department has stepped up the heat which has prompted black money hoarders to send their money abroad. The first clues were received when the Border Security Force seized Rs 29.70 lakh in new Rs 2,000 notes at Nokchi in West Garo Hills District in Meghalaya on Thursday.

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