The Income Tax department has decided to begin prosecution action against those having "substantial" amounts in their bank accounts in HSBC's Geneva branch. The department has now written to the Finance Ministry to suggest a benchmark for funds held on the basis of which the I-T department can initiate legal action for tax evasion and tax theft. ...
03:53 PM, Nov 28, 2012
New Delhi: The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names. The department, which approached the Finance Ministry and the Central Board of Direct Taxes (CBDT) in this regard recently, has initiated the step in order to...
11:30 AM, Nov 18, 2012
Former Swiss bank employee Rudolf Elmer, who gave WikiLeaks the black money list, told CNN-IBN on Sunday that the list included Indian politicians, cricketers and film stars. ...
06:10 PM, Nov 11, 2012
New Delhi: A former Swiss bank employee has claimed that several politicians, cricketers and internationally well-known people have black money in the Swiss banks. Rudolf Elmer, who gave WikiLeaks the black money list told CNN-IBN that he did not sell any data to the Indian government. Speaking via Skype, Elmer said, "There are politicians, cricket players, international well-known people who are part of that sort of information." Meanwhile, the government...
07:28 AM, Nov 11, 2012
New Delhi: A former Swiss bank employee has claimed that several politicians, cricketers and internationally well-known people have black money in the Swiss banks. Rudolf Elmer, who gave WikiLeaks the black money list told CNN-IBN that he did not sell any data to the Indian government. Speaking via Skype, Elmer said, "There are politicians, cricket players, international well-known people who are part of that sort of information." Meanwhile, the government...
07:28 AM, Nov 11, 2012
India Against Corruption activist-turned-politician Arvind Kejriwal on Saturday alleged that the government is protecting HSBC Bank, against whom he had made money laundering charges. The government, earlier in the day, had claimed that investigations were being carried against people whose names appeared in the alleged black money list handed over to the Indian government by the French government. ...
09:39 PM, Nov 10, 2012
New Delhi: India Against Corruption (IAC) activist-turned-politician Arvind Kejriwal has refused to accept the government's statement that explained that a probe had been initiated into the information provided by the government of France regarding several Indians who had accounts in foreign banks. Speaking to reporters, Kejriwal said he had five questions for the government. "Do you agree that the names and the amounts, that we disclosed, are there in the...
06:44 PM, Nov 10, 2012
New Delhi: The government on Saturday countered India Against Corruption (IAC) activist Arvind Kejriwal's claims that it is not acting on the alleged black money list handed over by the French government in 2010. In a statement, the government said that the information received from the French government had been analysed and investigations were being carried out by different authorities under the Income Tax Act. "Information was received in June,...
04:19 PM, Nov 10, 2012
New Delhi: The government has dismissed India Against Corruption activist-turned-politician Arvind Kejriwal's allegations of black money against big corporate houses, saying there is nothing new in it. "Nothing new in the allegations. This has already been discussed in Parliament. Government may issue a statement if required," the government said. Meanwhile, Kejriwal has defended his allegations of black money against big corporate houses. "The government is not able to force the...
07:38 AM, Nov 10, 2012
India Against Corruption activist-turned-politician Arvind Kejriwal on Friday targeted several top Indian business groups and a Congress MP, alleging that they had stashed black money worth several hundred crores in the HSBC Bank in Geneva, Switzerland. He claimed that a senior Congress leader gave him the details about the black money. "The black money from Swiss banks can come but the government doesn't wish to bring it back," Kejriwal said. ...
11:47 PM, Nov 09, 2012
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
India Against Corruption activist-turned-politician Arvind Kejriwal on Friday targeted several top Indian business groups and a Congress MP, alleging that they had stashed black money worth several hundred crores in the HSBC Bank in Geneva, Switzerland. He claimed that a senior Congress leader gave him the details about the black money. "The black money from Swiss banks can come but the government doesn't wish to bring it back," Kejriwal said. ...
10:54 PM, Nov 09, 2012
While IAC leader Arvind Kejriwal may have highlighted HSBC Bank's role in facilitating laundering black money in India, globally the London-headquartered banking major is also under scanner from several international agencies. Here is a look at some of the accusation against HSBC for its questionable transactions. ...
10:46 PM, Nov 09, 2012
New Delhi: 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. Reliance Industries denied that chief Mukesh Ambani had stashed Rs 100 crore in black money in the HSBC Bank in Geneva. It...
08:16 PM, Nov 09, 2012
New Delhi: HSBC Bank in India on Friday came out with a cautious reaction to the money laundering allegations made by activist-turned-politician Arvind Kejriwal saying it takes compliance with the law very seriously. Earlier in the day, Kejriwal targeted several top Indian business groups and a Congress MP, alleging that they had stashed black money worth several hundred crores in the HSBC Bank in Geneva, Switzerland. "HSBC Bank in India...
07:28 PM, Nov 09, 2012
Reacting on the allegations activist turned politician Arvind Kejriwal made against Ambanis and Dabur over the black money stashed in Swiss banks, BJP spokesperson Rajiv Pratap Rudy said the charges deserve investigation. ...
06:47 PM, Nov 09, 2012
Mumbai: Reliance Industries Limited has denied all allegations levelled by India Against Corruption Activist-turned-politician Arvind Kejriwal. Kejriwal on Friday said in New Delhi that Mukesh Ambani had stashed Rs 100 crore in black money in the HSBC Bank in Geneva, Switzerland. But Reliance Industries Limited issued a press release later on Friday, rubbishing all allegations. The company said that neither Reliance Industries Limited nor Mukesh Ambani had any accounts with...
06:12 PM, Nov 09, 2012
New Delhi: India Against Corruption activist-turned-politician Arvind Kejriwal on Friday targeted several top Indian business groups and a Congress MP, alleging that they had stashed black money worth several hundred crores in the HSBC Bank in Geneva, Switzerland. He claimed that a senior Congress leader gave him the details about the black money. "The black money from Swiss banks can come but the government doesn't wish to bring it back,"...
02:14 PM, Nov 09, 2012
Home Secretary RK Singh said that Financial Intelligence Unit has been set up to check money laundering by HSBC bank. ...
04:14 PM, Jul 19, 2012
HSBC Bank also considers plans for a residential complex or a hotel development on the plot. ...
02:49 PM, Aug 31, 2006
