Black Money Investigation

The Multi-Agency Group has started cracking down on wealthy Indians named in the investigative report

The Kerala assembly on Monday witnessed heated war of words between Chief Minister Pinarayi Vijayan and the Congress-led UDF members over the investigation of the Kodakara hawala money heist case.

20 persons have been arrested in connection with Kodakara black money case, in which the BJP leaders were also quizzed by the special investigation team, Chief Minister Pinarayi Vijayan informed the Kerala Legislative Assembly.

Former Union minister P Chidambaram was arrested by the Central Bureau of Investigation on Wednesday evening after high drama outside his South Delhi home, complete with slogan-shouting supporters, police and unprecedented visuals of CBI investigators scaling walls and roof to gain access inside. He has been taken to the CBI office for questioning.

Supreme Court-appointed Special Investigation Team (SIT) vice chairman Justice Arijit Pasayat on Tuesday suggested appropriate amendments in existing tax laws to curb the use of money power to win elections.

Now a new investigative tool being launched by British authorities could serve as a powerful deterrent. But it is fraught, forcing wealthy individuals to demonstrate that they bought property with lawfully earned funds - a departure from legal precedent that required the state to prove the use of illicit money.

The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.

The Income Tax Department has launched a major operation to investigate cases of illegal funds and properties stashed abroad by Indians and may invoke the new anti-black money law for strict criminal action in many such cases, officials said on Monday.

The Special Investigation Team (SIT) on black money has recommended the central government to cap the cash holding limit at Rs 1 crore instead of its earlier suggestion of Rs 20 lakh.

The Special Investigation Team (SIT) on black money has asked probe agencies to check and curb the use of cryptocurrencies as it reviewed their operation and circulation in the country and links to shady offshore transactions.

A former Congress MLA allegedly routed and laundered black money to the tune of over Rs 8 crore post demonetisation as part of his purported nexus with Delhi-based lawyer Rohit Tandon and others, an ED investigation has found.

The Enforcement Directorate is investigating over 3,700 cases of money laundering and hawala transactions, involving tainted assets worth Rs 9,935 crore, as part of its action against black money generated post demonetisation, an official report today said.

The ministry is probing deposits of over $1 billion made by around 20,000 companies during the cash ban last year, while its Serious Fraud Investigation Office is investigating 1,505 companies for allegedly violating the Companies Act.

Over 300 listed companies as well as hundreds of unlisted entities and individuals have been suspected of misusing the stock exchange platform for tax evasion.

The Income Tax department has detected over Rs 19,000 crore in black money following investigations into global leaks including HSBC account holders in Switzerland, the Indian government said on Friday.

The Multi-Agency Group has started cracking down on wealthy Indians named in the investigative report

The Kerala assembly on Monday witnessed heated war of words between Chief Minister Pinarayi Vijayan and the Congress-led UDF members over the investigation of the Kodakara hawala money heist case.

20 persons have been arrested in connection with Kodakara black money case, in which the BJP leaders were also quizzed by the special investigation team, Chief Minister Pinarayi Vijayan informed the Kerala Legislative Assembly.

Former Union minister P Chidambaram was arrested by the Central Bureau of Investigation on Wednesday evening after high drama outside his South Delhi home, complete with slogan-shouting supporters, police and unprecedented visuals of CBI investigators scaling walls and roof to gain access inside. He has been taken to the CBI office for questioning.

Supreme Court-appointed Special Investigation Team (SIT) vice chairman Justice Arijit Pasayat on Tuesday suggested appropriate amendments in existing tax laws to curb the use of money power to win elections.

Now a new investigative tool being launched by British authorities could serve as a powerful deterrent. But it is fraught, forcing wealthy individuals to demonstrate that they bought property with lawfully earned funds - a departure from legal precedent that required the state to prove the use of illicit money.

The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.

The Income Tax Department has launched a major operation to investigate cases of illegal funds and properties stashed abroad by Indians and may invoke the new anti-black money law for strict criminal action in many such cases, officials said on Monday.

The Special Investigation Team (SIT) on black money has recommended the central government to cap the cash holding limit at Rs 1 crore instead of its earlier suggestion of Rs 20 lakh.

The Special Investigation Team (SIT) on black money has asked probe agencies to check and curb the use of cryptocurrencies as it reviewed their operation and circulation in the country and links to shady offshore transactions.

A former Congress MLA allegedly routed and laundered black money to the tune of over Rs 8 crore post demonetisation as part of his purported nexus with Delhi-based lawyer Rohit Tandon and others, an ED investigation has found.

The Enforcement Directorate is investigating over 3,700 cases of money laundering and hawala transactions, involving tainted assets worth Rs 9,935 crore, as part of its action against black money generated post demonetisation, an official report today said.

The ministry is probing deposits of over $1 billion made by around 20,000 companies during the cash ban last year, while its Serious Fraud Investigation Office is investigating 1,505 companies for allegedly violating the Companies Act.

Over 300 listed companies as well as hundreds of unlisted entities and individuals have been suspected of misusing the stock exchange platform for tax evasion.

The Income Tax department has detected over Rs 19,000 crore in black money following investigations into global leaks including HSBC account holders in Switzerland, the Indian government said on Friday.