The government on Tuesday found that an estimated ₹3-4 lakh crore of tax-evaded income could have been deposited during the 50-day window provided to get rid of junked ₹500 and ₹1,000 notes. A senior official said Income Tax Department has been asked to scrutinise details and send notices to depositors[Read More…]
Tag: Enforcement Directorate
Delhi: ED arrests Kotak bank manager in Money laundering case
The Enforcement Directorate (ED) has detained a manager of a Kotak Bank branch in its money laundering probe in a criminal case of finding of nine alleged fake accounts with deposits worth Rs 34 crore after demonetization move. According to the officials, the agency detained the manager of the bank’s[Read More…]
Reserve Bank official arrested in Bengaluru for money laundering
An Reserve Bank of India (RBI) official was arrested on Tuesday in Bengaluru for allegedly helping convert banned notes. Eight men have also been arrested in a series of raids in which crores in new notes have been found. K Micheal, a senior special assistant with the RBI Bengaluru, has[Read More…]
Former IAF chief SP Tyagi arrested by CBI in AgustaWestland case
Former Air Force chief SP Tyagi was on Friday arrested by the CBI in the AgustaWestland chopper deal case. Tyagi has been accused of influencing the 3,600-crore deal for VVIP helicopters in favour of Italy’s AgustaWestland during his tenure as the IAF chief. He has repeatedly denied the allegations. In[Read More…]
Nalini Chidambaram moves Madras HC against ED summons over Saradha scam
Wife of former union minister P Chidambaram, senior lawyer Nalini Chidambaram, has moved the Madras high court against the summons from the Enforcement Directorate (ED) which is after her for receiving a fee of over Rs 1 crore from the beleaguered Saradha Group. In her petition, scheduled to be heard[Read More…]
Lawyers body defend Nalini Chidambaram over ED summons on Saradha scam
The lawyers of the Madras Bar Association, Madras High Court Advocates Association and Women Lawyers Association have expressed shock over reports that senior lawyer Nalini Chidambaram may be issued fresh summons by the Enforcement Directorate to be present at its Kolkata office in connection with fees received by her in[Read More…]
Karti’s rep to go before ED only if agency sends legally correct notice
A week after failing to turn up before Enforcement Directorate (ED), businessman Karti Chidambaram has now informed the Madras high court that his legal representative will appear before the ED for inquiry. Sources say that Karti’s representative would go before the ED only if agency sends legally correct notice. Karti[Read More…]
Noose tightens around Mallya as ED attaches ₹6,630cr worth properties
The Enforcement Directorate (ED) on Saturday attached ₹6,630 crore worth properties belonging to loans defaulter Vijay Mallya, Times Now reported. The properties include a mall, a farmhouse and several stocks Mallya owns. The properties attached by the ED are located around the country, including in Mumbai and Bengaluru. Mallya, who[Read More…]
ED refuses to answer Karti’s lawyer, sends him 3rd summon
The Enforcement Directorate, in connection with the Aircel-Maxis deal in the 2G scam has issued yet another summon to Karti Chidambaram, son of former Finance Minister P Chidambaram. This would be the third summon that has been sent to Karti even as the ED refuses to answer Chidambaram Junior’s queries sent[Read More…]
Karti Chidambaram’s lawyers question ED’s jurisdiction
Lawyers representing Karti Chidambaram have questioned the Enforcement Directorate’s jurisdiction in issuing summons to Karti. “ED does not have unfettered powers to call anyone. We have responded to the summon, seeking the basis for such a move,” a close associate of Karti told Newsd. Last week, ED had issued a[Read More…]
VVIP chopper scam: ED freezes shares worth ₹86 crore
The Enforcement Directorate (ED) probing the ₹360 crore AgustaWestland scam on Monday froze shares owned by companies in Dubai, Mauritius and Singapore to the tune of ₹86 crore. The agency alleged the assets were procured through kickbacks received by two middlemen in the purchase of helicopters from Itay. The agency also[Read More…]