Bank Accounts Freezed

India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.

The Delhi High Court today dismissed Congress party's pleas challenging the reassessment proceedings initiated against it by the Income Tax Department.

Freezing Congress's bank accounts at the time of elections is a violation of the model code of conduct and unconstitutional, and the poll panel should prevent such a move to save democracy, party leader Sachin Pilot said on Thursday.

BJP chief JP Nadda today dismissed the Congress's talk of financial helplessness as "comical", and said the party can use the money accumulated from "all the scams" that took place during its rule for electioneering.

The Congress - battling an "unprecedented" demand of Rs 210 crore from the Income Tax Department weeks before the general election - has accused the Narendra Modi government of "financial terrorism".

The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.

A sum of Rs 8 crore which was transferred online from a bank account allegedly from building material manufacturer Visaka Industries to a security service provider here was freezed by city police in the run up to the Telangana Assembly polls.

Capital markets regulator SEBI has ordered the de-freezing of bank accounts as well as share and mutual fund holdings of Rana Kapoor, former MD and CEO of Yes Bank.

The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday.

The Enforcement Directorate (ED) has seized 119 bank accounts, 2 luxury vehicles and some insurance policies under anti-money laundering law after raids on promoters of a Bihar-based real estate company that is alleged to have duped home buyers.

Vivo has been asked by The Delhi High Court to approach the PMLA Appellate Tribunal in relation to the freezing of its bank accounts pursuant to a money laundering probe by the Enforcement Directorate. In July 2022, the high court allowed Vivo to operate its various frozen bank accounts subject to furnishing of a bank guarantee of Rs. 950 crore wit...

The Karnataka High Court has cancelled a 2018 Enforcement Directorate order of freezing the bank accounts of Amnesty International India Private Limited.

Eighty bank accounts having a balance of Rs 1 crore have been frozen by the Directorate of Enforcement (ED) as part of its ongoing investigation in a case related to 'Super Like Earning Application'.

A police officer in Pakistan's Karachi city became a millionaire overnight after he received Rs 100 million in his bank account from an unknown source.

Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...

India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.

The Delhi High Court today dismissed Congress party's pleas challenging the reassessment proceedings initiated against it by the Income Tax Department.

Freezing Congress's bank accounts at the time of elections is a violation of the model code of conduct and unconstitutional, and the poll panel should prevent such a move to save democracy, party leader Sachin Pilot said on Thursday.

BJP chief JP Nadda today dismissed the Congress's talk of financial helplessness as "comical", and said the party can use the money accumulated from "all the scams" that took place during its rule for electioneering.

The Congress - battling an "unprecedented" demand of Rs 210 crore from the Income Tax Department weeks before the general election - has accused the Narendra Modi government of "financial terrorism".

The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.

A sum of Rs 8 crore which was transferred online from a bank account allegedly from building material manufacturer Visaka Industries to a security service provider here was freezed by city police in the run up to the Telangana Assembly polls.

Capital markets regulator SEBI has ordered the de-freezing of bank accounts as well as share and mutual fund holdings of Rana Kapoor, former MD and CEO of Yes Bank.

The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday.

The Enforcement Directorate (ED) has seized 119 bank accounts, 2 luxury vehicles and some insurance policies under anti-money laundering law after raids on promoters of a Bihar-based real estate company that is alleged to have duped home buyers.

Vivo has been asked by The Delhi High Court to approach the PMLA Appellate Tribunal in relation to the freezing of its bank accounts pursuant to a money laundering probe by the Enforcement Directorate. In July 2022, the high court allowed Vivo to operate its various frozen bank accounts subject to furnishing of a bank guarantee of Rs. 950 crore wit...

The Karnataka High Court has cancelled a 2018 Enforcement Directorate order of freezing the bank accounts of Amnesty International India Private Limited.

Eighty bank accounts having a balance of Rs 1 crore have been frozen by the Directorate of Enforcement (ED) as part of its ongoing investigation in a case related to 'Super Like Earning Application'.

A police officer in Pakistan's Karachi city became a millionaire overnight after he received Rs 100 million in his bank account from an unknown source.

Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...