Illegal Remittances
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2 Brothers In Delhi Arrested In Rs 4,800-Crore Money Laundering Case
The ED on Wednesday said it arrested two Delhi-based importer brothers in a money-laundering case linked to alleged illegal foreign remittances worth more than Rs 4,800 crore made to Hong Kong and China.
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Foreign-Registered Online Game Portals Sent Rs 4,000 Crore Abroad, Raided By ED
The Enforcement Directorate (ED) on Wednesday said it detected illegal foreign remittances of about Rs 4,000 crore after it carried out multi-state raids against foreign-registered online gaming websites and companies.
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CBI Recovers Rs 94.37 Lakh In Several Raids At 18 Places In Mumbai, Bhopal
The Central Bureau of Investigation has recovered Rs 94.37 lakh in cash after conducting several raids at 18 places in Mumbai and Bhopal in three cases connected with illegal forex remittances during 2014-2016.
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Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
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 ...
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Xiaomi India Dismisses Speculation on India Operations Being Moved to Pakistan as 'False and Baseless'
Xiaomi on Friday refuted a claim made by a portal that the company might shift its India operations to Pakistan after the government froze the company's assets worth $676 million (roughly Rs. 5,500 crore). The company is being probed by the Enforcement Directorate for allegedly made illegal remittances to foreign entities by passing them off as ro...
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Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
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Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation
Xiaomi on Sunday said it was "disappointed" with an Indian order that froze $682 million (nearly Rs. 55,800 crore) of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India's federal financial crime fighting agency, the Enforcement Directorate, to seize Rs. 5,551 crore, sayi...
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Vivo India Remitted 50 Percent Turnover Worth Rs. 62,476 Crore to Avoid Paying Tax in India, Claims ED
Vivo India has illegally transferred 50 percent of its turnout worth Rs. 62,476 crore to China in order to avoid payment of taxes in India, claims the Enforcement Directorate. The government agency has not stated the time period of the transaction. The stepped-up action against the Chinese-backed companies operating in India comes in the backdrop o...
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Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim
China on Monday urged India to ensure Chinese companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances.
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Indian Agency Denies It Forced China's Xiaomi Officials To Give Statement
The Enforcement Directorate today denied reported allegations by Xiaomi India that the probe agency coerced its officials to give statements in an alleged illegal remittances case.
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ED Seizes Rs. 5,551 Crore of Xiaomi India in Alleged Foreign Exchange Violation Case
Funds worth over Rs. 5,551 crore of Chinese mobile manufacturing company Xiaomi India have been "seized" for violating the Indian foreign exchange law, the Enforcement Directorate said said on Saturday.
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How Rs 6,000 Crore Was Sent Illegally To Hong Kong: CBI's New Charge Sheet
The Central Bureau of Investigation has filed two supplementary charge sheets in connection with the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong Kong, camouflaged as payment for imports, sources said.
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CBI Files Charge Sheet in Bank of Baroda Remittances Case
The Central Bureau of Investigation (CBI) on Thursday filed a charge sheet in connection with the case of alleged illegal remittances worth Rs 6,000 crore made to South East Asian countries from the branches of Bank of Baroda.
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No Financial Loss to Bank in Money Laundering Case: Oriental Bank
The agency has also arrested a Ghaziabad-based foreign exchange operator for sending these illegal remittances to these foreign locations.
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HDFC Bank Says Fully Cooperating With Probe Agency
HDFC Bank, whose one employee has been arrested in the alleged Rs 6,000-crore Bank of Baroda illegal remittances case, on Wednesday said it is examining the matter internally and cooperating with investigation authorities.
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2 Brothers In Delhi Arrested In Rs 4,800-Crore Money Laundering Case
The ED on Wednesday said it arrested two Delhi-based importer brothers in a money-laundering case linked to alleged illegal foreign remittances worth more than Rs 4,800 crore made to Hong Kong and China.
-
Foreign-Registered Online Game Portals Sent Rs 4,000 Crore Abroad, Raided By ED
The Enforcement Directorate (ED) on Wednesday said it detected illegal foreign remittances of about Rs 4,000 crore after it carried out multi-state raids against foreign-registered online gaming websites and companies.
-
CBI Recovers Rs 94.37 Lakh In Several Raids At 18 Places In Mumbai, Bhopal
The Central Bureau of Investigation has recovered Rs 94.37 lakh in cash after conducting several raids at 18 places in Mumbai and Bhopal in three cases connected with illegal forex remittances during 2014-2016.
-
Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
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 ...
-
Xiaomi India Dismisses Speculation on India Operations Being Moved to Pakistan as 'False and Baseless'
Xiaomi on Friday refuted a claim made by a portal that the company might shift its India operations to Pakistan after the government froze the company's assets worth $676 million (roughly Rs. 5,500 crore). The company is being probed by the Enforcement Directorate for allegedly made illegal remittances to foreign entities by passing them off as ro...
-
Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
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Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation
Xiaomi on Sunday said it was "disappointed" with an Indian order that froze $682 million (nearly Rs. 55,800 crore) of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India's federal financial crime fighting agency, the Enforcement Directorate, to seize Rs. 5,551 crore, sayi...
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Vivo India Remitted 50 Percent Turnover Worth Rs. 62,476 Crore to Avoid Paying Tax in India, Claims ED
Vivo India has illegally transferred 50 percent of its turnout worth Rs. 62,476 crore to China in order to avoid payment of taxes in India, claims the Enforcement Directorate. The government agency has not stated the time period of the transaction. The stepped-up action against the Chinese-backed companies operating in India comes in the backdrop o...
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Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim
China on Monday urged India to ensure Chinese companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances.
-
Indian Agency Denies It Forced China's Xiaomi Officials To Give Statement
The Enforcement Directorate today denied reported allegations by Xiaomi India that the probe agency coerced its officials to give statements in an alleged illegal remittances case.
-
ED Seizes Rs. 5,551 Crore of Xiaomi India in Alleged Foreign Exchange Violation Case
Funds worth over Rs. 5,551 crore of Chinese mobile manufacturing company Xiaomi India have been "seized" for violating the Indian foreign exchange law, the Enforcement Directorate said said on Saturday.
-
How Rs 6,000 Crore Was Sent Illegally To Hong Kong: CBI's New Charge Sheet
The Central Bureau of Investigation has filed two supplementary charge sheets in connection with the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong Kong, camouflaged as payment for imports, sources said.
-
CBI Files Charge Sheet in Bank of Baroda Remittances Case
The Central Bureau of Investigation (CBI) on Thursday filed a charge sheet in connection with the case of alleged illegal remittances worth Rs 6,000 crore made to South East Asian countries from the branches of Bank of Baroda.
-
No Financial Loss to Bank in Money Laundering Case: Oriental Bank
The agency has also arrested a Ghaziabad-based foreign exchange operator for sending these illegal remittances to these foreign locations.
-
HDFC Bank Says Fully Cooperating With Probe Agency
HDFC Bank, whose one employee has been arrested in the alleged Rs 6,000-crore Bank of Baroda illegal remittances case, on Wednesday said it is examining the matter internally and cooperating with investigation authorities.
