Bhubaneswar: In a major crackdown on chit fund companies and other non-banking financial institutions, Odisha Police on Friday launched statewide raids and arrested as many as 110 people involved in the trade. "Our sleuths raided 185 places and 97 cases have been registered. This is for the first time that a statewide raid is conducted on a single day," said Additional Director General (ADG), Crime Branch, BK Sharma.
Stating that many documents and other machineries including computers have been seized during the raid, Sharma said so far 110 people of different companies are arrested. "Our men along with local police are raiding on such companies in every nook and corner of the state," Sharma said. Besides the Kolkata-based Saradha Group, the raids were being conducted in small and medium companies also, he said adding that the motive of the raid is to ensure that the people are not cheated in the name of investment.
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03:09 AM, May 11, 2013
New Delhi: The information on Central Bureau of Information (CBI) raids on Railway Board member Mahesh Kumar may have been leaked, according to sources. Sources say Mahesh Kumar may have been tipped off about the CBI raids. Mahesh Kumar allegedly removed incriminating documents from his house and other locations, according to sources. The CBI has initiated an internal inquiry on the suspected leak. Meanwhile, CBI sources say there is no...
12:10 PM, May 10, 2013
Nashik: Anti-Corruption Bureau (ACB) on Thursday recovered cash worth Rs 57,69,000 and over 9 kg of gold from two bank lockers of Swati Chikhlikar, wife of suspended PWD executive engineer (Nashik north) Satish Chikhlikar, besides 5 kg of silver from another locker in her name. The seizure is collectively estimated over Rs 3,27,29,000, according to a senior ACB officer. "ACB seized cash of Rs 57,69,000, 9.558 kg of gold, including...
04:51 PM, May 09, 2013
New Delhi: The Income Tax department has detected alleged tax evasion to the tune of Rs 7 crore in the business transactions of Purti group of companies related to former BJP President Nitin Gadkari. Probing the alleged dubious transactions of the Purti Power and Sugar Limited (PPSL) since 2012, the department has completed assessments pertaining to the last two financial years and has found evasion to the tune of more...
10:27 AM, May 05, 2013
New Delhi: The CBI on Friday arrested Vijay Singla, the nephew of Railway Minister Pawan Kumar Bansal, in Chandigarh on bribery charges. His arrest was followed by that of Railway Board Member (Staff) Mahesh Kumar in Mumbai. Mahesh Kumar was accused of paying Singla Rs 90 lakh to get a lucrative position as Railway Board Member (Electrical). The money was caught in Chandigarh, which led to a spate of raids...
10:39 PM, May 03, 2013
Bangalore: The Income Tax department has conducted searches on the premises of Janata Dal Secular candidate and former minister A Krishnappa and seized Rs 2.6 crore in cash, besides jewellery worth Rs 1.88 crore. "Rs 2.65 crore has been seized from the premises of A Krishnappa, an MLA after I-T searches were conducted yesterday (Thursday). He is contesting from the Hiryur Assembly constituency of the state. Jewellery worth Rs 1.88...
01:16 PM, May 03, 2013
Mumbai: Film and television producer Ekta Kapoor's production house Balaji Telefilms evaded tax to the tune of Rs 30 crore by inflating bills, said the Income Tax Department sources on Friday. Ekta has, however, now agreed to pay the remaining amount, added the sources. I-T officials had conducted raids at Balaji Telefilms office in Mumbai on Tuesday. The raids were also carried out at the residences of Ekta, her father...
01:00 PM, May 03, 2013
Mumbai: Income Tax officials are conducting raids at Ekta Kapoor's Balaji Telefilms office in Mumbai. The raids are also being conducted at producer Ekta Kapoor's residence as well as her father Jeetendra and brother Tushaar Kapoor residences. Tax evasion by the production house is the reason suspected behind the search and seizure operation of the the I-T wing. Around 100 officials of the Income Tax Department carried out search operations...
10:34 AM, Apr 30, 2013
New Delhi: The Central Bureau of Investigation (CBI) is carrying out raids at eight locations including Delhi, Chhattisgarh and Haryana in connection with the coal scam. The raids were conducted after an FIR was filed against a Delhi-based private company Pushp Steels. With the registration of this new case, the total number of FIRs registered in the coal allocation go up to 11. CBI sources said Pushp Steel and Mines...
09:56 AM, Apr 27, 2013
It is not just DMK chief M Karunanidhi's younger son and his heir apparent MK Stalin and his son Udayanidhi, but even the DMK chief's elder son and former central minister MK Alagiri allegedly used illegally imported cars. Now CNN-IBN exposes how a Directorate of Revenue Intelligence (DRI) officer allegedly covered up the illegal car imports of Alagiri , Stalin and his son and how luxury import cars used by...
06:12 PM, Mar 25, 2013
Under attack over recent CBI raid at DMK leader MK Stalin's house in Chennai, government on Sunday said the agency's action was not "targeted" at any individual though its timing was "wrong". ...
03:17 PM, Mar 24, 2013
The recent CBI raids on DMK leader and M Karunanidhi's son MK Stalin revealed an elaborate smuggling scam amounting to a Rs 50 crore tax evasion. The incident caused huge political ruckus in New Delhi. While no illegal car was found in the DMK leader's house, the CBI did recover several vehicles from others - notably N Srinivasan. ...
07:58 AM, Mar 23, 2013
CBI has recovered 16 more luxury vehicles imported by a Hyderabad-based businessman in alleged violation of customs laws which have been sold to various influential persons even as the SUV registered in the name of DMK leader M K Stalin's son rpt son remained untraceable. ...
12:25 AM, Mar 23, 2013
A day after the Central Bureau of Investigation stopped raids on DMK supremo Karunanidhi's son MK Stalin for illegal car imports, the agency on Friday continued to conduct search operations across Chennai and other places in Tamil Nadu. No raids were conducted on the DMK first family. ...
11:44 AM, Mar 22, 2013
The Central Bureau of Investigation (CBI) on Thursday clarified that its raid at DMK leader MK Stalin's residence was not a targeted one, and it had searched 18 locations for violation of duties on imported cars. ...
07:00 AM, Mar 22, 2013
The Communist Party of India (Marxist) on Thursday said the Central Bureau of Investigation (CBI) searches at Dravida Munnettra Kazhagam (DMK) leader MK Stalin's residence came within 24 hours after the party withdrew support to the UPA government and claimed it was a "clear signal" to the parties supporting the ruling dispensation. Senior party leader Sitaram Yechury also termed the agency as "Congress Bureau of Investigation". ...
08:35 PM, Mar 21, 2013
Exactly 24 hours after DMK ministers officially walked out of the UPA government, the CBI raided the premises of DMK heir apparent, MK Stalin. The stated objective was to look for a missing imported car, on which import duty hadn't been paid. The DMK, however, called it political vendetta. ...
07:07 PM, Mar 21, 2013
Senior BJP leader Arun Jaitley has criticised the Centre after CBI raids at DMK party leader MK Stalin's residence in Chennai were stopped earlier on Thursday. Questioning the Prime Minister, who called the timing of the raids 'unfortunate' as they came days after DMK withdrew support from the coalition government, Jaitley asked what was the need to stop the raids if the agency was merely doing its work. The PM,...
05:56 PM, Mar 21, 2013
The UPA government, which continues to be in the line of fire after DMK's withdrawal, had to face yet another embarrassment on Thursday after the Central Bureau of Investigation raided DMK chief Karunanidhi's son MK Stalin's residence. What added to the embarrassment was that the bigwigs in the UPA disapproved of the raid, following which the raids were stopped. ...
01:31 PM, Mar 21, 2013
The government seems to have calmed DMK chief Karunanidhi, who gave a toned down reaction to the CBI raids at his son MK Stalin's residence on Thursday morning. Karunanidhi said the raids may or may not be political vendetta, and even indirectly went on to say that the raids may have been political vendetta by the Tamil Nadu government headed by Jayalalithaa and not the Centre. ...
11:49 AM, Mar 21, 2013
