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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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SEBI Said to be Seeking Greater Access to Social Media Records
SEBI is seeking broader powers from the government to remove unauthorised financial advice from social media platforms. This is the second time since 2022 that the Securities and Exchange Board of India has sought such powers, with approval from the government still pending.
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French Investigators Open Fraud Probe Against Crypto Platform Binance
French authorities have launched a judicial investigation into Binance for money laundering, tax fraud, and other charges. Binance, the world's largest cryptocurrency exchange, denies the allegations. The Paris public prosecutor's office's economic and financial crime section (JUNALCO) stated the probe involves money laundering related to drug traf...
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Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
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Coded Diary, Broken Names: Lokayukta Probes Madhya Pradesh Liquor 'Scam'
The Madhya Pradesh Lokayukta has launched an investigation into an alleged massive liquor scam based on a confidential report from the Income Tax Department.
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"Voters Rejected...": Sharad Pawar's Daughter Supriya Sule After Baramati Win
Nationalist Congress Party (Sharadchandra Pawar) leader Supriya Sule thanked her supporters and said that voters had rejected the "repression" of the central agencies such as the Enforcement Directorate and Central Bureau of Investigation (CBI).
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Italian Tennis Star Secretly Quits Sport, Flees To US With Family Amid Tax Dispute
According to investigations of the Florence Prosecutor's Office, the former Wimbledon star and her family have several ''gaps'' regarding tax returns, which have never been submitted.
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Apple Set to Face Over $500 Million Fine After EU Finds It Broke Rules to Silence Spotify, Other Rivals
Apple will face a European Union fine close to EUR 500 million ($539 million or roughly Rs. 4,475 crore) over the regulator’s investigation into allegations it silenced music-streaming rivals, including Spotify Technology SA, on its platforms.Â
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CoinDCX Refutes Claims of Being Probed for Fraud as Disorderly Chaos Keeps India’s Crypto Sector Engulfed
Sumit Gupta, the CEO of CoinDCX has refuted claims that the exchange is currently under legal scanner for potentially defrauding its users. The development arose after media reports claimed that Delhi Police was probing CoinDCX over multiple user complaints.
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Joe Biden's Son Hunter Indicted On Federal Tax Evasion Charges
Hunter Biden was indicted late Thursday on nine counts of tax evasion, the second time this year President Joe Biden's troubled son has been charged by a special counsel investigating his personal and business dealings.
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Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
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Foxconn Under Investigation, China Urges Taiwan Firms To...
China on Wednesday urged Taiwanese firms operating in the country to show "responsibility", after Beijing launched a probe into tech giant Foxconn over tax and land irregularities.
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Madhya Pradesh's Bizarre Currency Exchange Plot Involves Occultist, Djinn
The Crime Branch team seized the demonetised notes and promptly informed the Election Commission and the Income Tax Department. Their ongoing investigation aims to determine whether these notes were intended for distribution among villagers.
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Taiwan Defends Tech Giant Foxconn Over China's Tax Investigation
Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference".
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BJP Demands CBI Probe Into Recovery Of Rs 94 Crore In Cash During Raids
The Karnataka BJP on Tuesday staged a demonstration here demanding a CBI investigation into the recovery of huge amounts of cash in the recent I-T raids in Karnataka and some other states.
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
SEBI Said to be Seeking Greater Access to Social Media Records
SEBI is seeking broader powers from the government to remove unauthorised financial advice from social media platforms. This is the second time since 2022 that the Securities and Exchange Board of India has sought such powers, with approval from the government still pending.
-
French Investigators Open Fraud Probe Against Crypto Platform Binance
French authorities have launched a judicial investigation into Binance for money laundering, tax fraud, and other charges. Binance, the world's largest cryptocurrency exchange, denies the allegations. The Paris public prosecutor's office's economic and financial crime section (JUNALCO) stated the probe involves money laundering related to drug traf...
-
Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
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Coded Diary, Broken Names: Lokayukta Probes Madhya Pradesh Liquor 'Scam'
The Madhya Pradesh Lokayukta has launched an investigation into an alleged massive liquor scam based on a confidential report from the Income Tax Department.
-
"Voters Rejected...": Sharad Pawar's Daughter Supriya Sule After Baramati Win
Nationalist Congress Party (Sharadchandra Pawar) leader Supriya Sule thanked her supporters and said that voters had rejected the "repression" of the central agencies such as the Enforcement Directorate and Central Bureau of Investigation (CBI).
-
Italian Tennis Star Secretly Quits Sport, Flees To US With Family Amid Tax Dispute
According to investigations of the Florence Prosecutor's Office, the former Wimbledon star and her family have several ''gaps'' regarding tax returns, which have never been submitted.
-
Apple Set to Face Over $500 Million Fine After EU Finds It Broke Rules to Silence Spotify, Other Rivals
Apple will face a European Union fine close to EUR 500 million ($539 million or roughly Rs. 4,475 crore) over the regulator’s investigation into allegations it silenced music-streaming rivals, including Spotify Technology SA, on its platforms.Â
-
CoinDCX Refutes Claims of Being Probed for Fraud as Disorderly Chaos Keeps India’s Crypto Sector Engulfed
Sumit Gupta, the CEO of CoinDCX has refuted claims that the exchange is currently under legal scanner for potentially defrauding its users. The development arose after media reports claimed that Delhi Police was probing CoinDCX over multiple user complaints.
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Joe Biden's Son Hunter Indicted On Federal Tax Evasion Charges
Hunter Biden was indicted late Thursday on nine counts of tax evasion, the second time this year President Joe Biden's troubled son has been charged by a special counsel investigating his personal and business dealings.
-
Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
-
Foxconn Under Investigation, China Urges Taiwan Firms To...
China on Wednesday urged Taiwanese firms operating in the country to show "responsibility", after Beijing launched a probe into tech giant Foxconn over tax and land irregularities.
-
Madhya Pradesh's Bizarre Currency Exchange Plot Involves Occultist, Djinn
The Crime Branch team seized the demonetised notes and promptly informed the Election Commission and the Income Tax Department. Their ongoing investigation aims to determine whether these notes were intended for distribution among villagers.
-
Taiwan Defends Tech Giant Foxconn Over China's Tax Investigation
Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference".
-
BJP Demands CBI Probe Into Recovery Of Rs 94 Crore In Cash During Raids
The Karnataka BJP on Tuesday staged a demonstration here demanding a CBI investigation into the recovery of huge amounts of cash in the recent I-T raids in Karnataka and some other states.
