New Delhi: In more trouble for the arrested cricketers and bookies in the IPL spot-fixing scandal, the Income Tax department has begun a probe into alleged hawala and illegal cash transactions and will question them. The I-T department has got in touch with the investigators of the Delhi police and initiated "tax evasion and suspected hawala dealings" related probe into the latest allegations of spot-fixing.
The department, according to official sources, will question and record statements of all those who have been booked by special units of both the Delhi and Mumbai police.
Three IPL cricketers - India pacer S Sreesanth, players of the Ajit Chandila and Ankeet Chavan, Bollywood actor Vindoo Randhawa and a number of bookies mainly from Mumbai and Delhi have been arrested after the IPL scandal was busted last Thursday.
The department "will move" for questioning the players and bookies arrested so far in the case and will work in close coordination with other law enforcement agencies working on this case, a department official said. I-T investigators will also go through the tax returns and transactions of the people who are found to have been involved in spot-fixing to detect unreported income, the official added....
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07:29 PM, May 22, 2013
New Delhi: Dalmia Cements, named as accused in the CBI chargesheet in disproportionate assets case against Jagan Mohan Reddy, has allegedly invested Rs 55 crore through hawala route in the cement companies promoted by the YSR Congress chief. CBI sources claimed they have got money trail of Rs 55 crore which were allegedly invested by Dalmia Cements in Jagan's company through hawala routes in return for favours received from the...
07:22 PM, Apr 09, 2013
A Finance Ministry report has come out with shocking details about terror funding just a few days after the Hyderabad bomb blasts. According to the report terror funding has gone up by 300 per cent in the last one year while cases of hawala transaction and fake currency notes have also increased manifold. ...
02:00 PM, Feb 25, 2013
Reliance Industries Limited, the HSBC bank, the Dabur group have all denied the charges levelled against them by India Against Corruption activist-turned-politician Arvind Kejriwal who accused their chiefs of having crores of cash deposits in Swiss bank accounts where money, he alleged, was transferred through hawala. ...
11:22 PM, Nov 09, 2012
Jaipur: Income Tax department raided a jeweller's shop in Jaipur and recovered assets worth Rs 100 crore. The assets include cash amounting to Rs 1.5 crore. Jewellery worth Rs 1.5 crore and gold bricks worth Rs 70 lakh have also been recovered. Sources say the Income Tax department carried out the raids on Motisons Jewellers in Jaipur on Monday. Income Tax officials say that the jeweller is involved in hawala...
01:18 PM, Nov 06, 2012
Ranchi: The Jharkhand High Court on Thursday granted bail to former state chief minister Madhu Koda, who was in prison for over two years in connection with illegal investments and hawala transaction case. Koda, who was in judicial custody since November 30, 2009, was granted bail by the single bench of HC Mishra. Koda, who ruled the state between 2006 and 2008, was arrested by the officers of Jharkhand Vigilance...
02:05 PM, Apr 05, 2012
New Delhi: Charges were on Saturday framed against a close aide of hardline Hurriyat leader Syed Ali Shah Geelani and three others, arrested for allegedly running hawala racket to fund banned terrorist outfit Hizbul Mujahideen in Kashmir Valley, by a Delhi court, paving the way for their trial. District Judge HS Sharma framed charges under various sections of the Unlawful Activities (Prevention) Act against Ghulam Mohd Bhat, said to be...
05:06 PM, Mar 03, 2012
New Delhi: A Delhi court on Saturday accepted a plea for a trial of a close aide of Hurriyat leader Syed Ali Shah Geelani and three others. They have been allegedly running a hawala racket to fund banned terrorist outfit Hizbul Mujahideen in the Kashmir valley. The court decided to put the four on trial, ordering formal framing of charges against them under various provisions of the Unlawful Activities Prevention...
09:27 AM, Mar 03, 2012
New Delhi: The Enforcement Directorate will attach an estimated Rs 50 crore of assets of Pune stud farm owner and alleged tax defaulter Hasan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case. The Adjudicating Authority of the agency based in Delhi recently endorsed an order of ED's Mumbai office in this regard, paving way for attachment of the duo's immovable properties in Mumbai, Pune and...
01:05 PM, Nov 04, 2011
Mumbai: Refusing to grant bail to Pune-based stud farm owner Hasan Ali Khan, accused of stashing away billions of dollars in overseas accounts, the Bombay High Court on Friday asked him to approach the special court handling Prevention of Money Laundering Act cases. Disposing of Khan's bail application, Justice RC Chavan told his lawyer that "why have you come here directly instead of moving the special court as directed by...
06:10 PM, Apr 29, 2011
New Delhi: The black money case has brought the focus back on Hasan Ali, a man known as the king of money launderers in India. Ali is under investigation by the Income Tax Department for laundering upto Rs 40,000 crore. CNN IBN unravels Hasan Ali's money trail, which is allegedly in bank accounts spanning from Switzerland to New York to Singapore and Dubai. Hasan Ali Khan - frequently seen on...
10:45 PM, Mar 03, 2011
New Delhi: The Supreme Court wants the Centre to explain why no action has been taken against India's biggest tax defaulter and alleged hawala operator Hasan Ali Khan so far. A bench of justices B Sudershan Reddy and SS Nijjar asked why Ali and other alleged black money launderers have not been interrogated under supervision of the Supreme Court. The court castigated the government for failing to interrogate Khan and...
03:18 PM, Mar 03, 2011
New Delhi: The recently unearthed Hawala trail in the Kashmir valley points to money being allegedly passed to senior Hurriyat leaders including Syed Ali Shah Geelani following which the separatist leader has been asked not to leave Delhi to face investigations. Sensing trouble, the Hurriyat faction led by Geelani, who is leader of Jamaat-e-Islami, attempted to downplay the investigations in the Hawala case and announced a bandh call in the...
08:18 PM, Feb 21, 2011
Mumbai: The Income Tax Department on Friday imposed a huge penalty of Rs 40,000 crore on businessman Hasan Ali Khan, a 56-year-old alleged stud-farm owner and one of the main accused in the multi-million dollar tax evasion and money laundering case. Hasan Ali on Friday presented himself before the Income Tax Department in Mumbai, after summon was issued to Hasan Ali by the Tax Department in connection with penalty proceedings...
06:45 PM, Feb 18, 2011
New Delhi: The government on Thursday assured the Supreme Court that it will announce names of people with black money after case is registered against them. The Supreme Court asked the government to ensure that Pune-based businessman Hasan Ali Khan, accused of stashing black money in foreign banks, does not leave the country. This was conveyed by the court to Solicitor General Gopal Subramanium during the hearing of a petition...
12:06 PM, Feb 10, 2011
New Delhi: One of the most revered places for Tibetans and Buddhists across the world now caught in a criss-crossing web of Hawala, Benami land deal and worse still of furthering Chinese interest on Indian soil. The 17th Karmapa Ugyen Trinley Dorjee stands accused of being a Chinese plant. Central government sources say that foreign currency worth crores was recovered from this religious abode. The Gyuto Tantric Monastic University, home...
07:14 AM, Jan 29, 2011
New Delhi: In a joint operation by Delhi and Jammu and Kashmir police, a Hawala racket has been busted in Jammu and Kashmir. A close aide of Hurriyat hardliner Syed Ali Shah Geelani, Ghulam Mohammed Bhat has been arrested for his alleged involvement in the hawala racket. Two other associates of Bhat have also been arrested. More than Rs 20 lakh have been recovered from Bhat and his associates. ...
06:08 PM, Jan 23, 2011
Ranchi/New Delhi: Non-bailable arrest warrants have been issued against seven aides of former Jharkhand chief minister Madhu Koda including an Indonesia-based businessman in connection with a multi-crore illegal investments and hawala case being probed by the Enforcement Directorate. Official sources said a Prevention of Money Laundering Act Court in Ranchi had issued the arrest warrants against Manoj Kumar Sinha, Sunil Kumar Sinha, Saubhik Chattopadhyay, Vijay Joshi, Rohitash Krishnan, Ajay Amolchand...
11:39 PM, Aug 23, 2010
Former CM has been evading summons by ED under various pleas. ...
03:16 PM, Jan 28, 2010
50-year-old Naresh Jain can be called the perfect white-collared criminal. ...
12:42 AM, Dec 08, 2009
