Shell Company

  • Is there a cover up by Gadkari-promoted Purti group? 30-10-2012 06:19 PM

    Mumbai: After the Income Tax department began inquiry into the alleged shell companies investing in BJP President Nitin Gadkari firm, CNN-IBN has found that a number of companies have changed their addresses overnight. The question arises - is this part of a cover up? CNN-IBN has found that 12 suspected...
  • I-T probes alleged shell companies in Gadkari's Purti 30-10-2012 04:29 PM

    New Delhi: The Income Tax department on Tuesday conducted inquiries at 12 places in Mumbai where firms, which had invested in BJP president Nitin Gadkari's company, had given their addresses. I-T authorities also began probe into shell companies in Purti group, owned by Gadkari. They will investigate the source of...
  • Gadkari gets a breather, to remain BJP president 27-10-2012 07:38 AM

    New Delhi: In a major breather for Nitin Gadkari, his party, the Bharatiya Janata Party (BJP) has unanimously backed him as the party president, saying there's no question of him quitting over allegations of dubious land deals. The decision was taken at a late-night party meeting on Friday. From the...
  • Nitin Gadkari row: Delhi man files complaint 26-10-2012 01:38 PM

    New Delhi: Delhi resident Balwant Singh Tokas has filed a police complaint after getting Income Tax notices over Bharatiya Janata Party (BJP) President Nitin Gadkari's firms. A complaint has been filed against against five investor firms that used Tokas's address. Tokas, a resident of Munirka in Delhi, got I-T notices...
  • News 360: Probe initiated against 18 of Gadkari's companies 25-10-2012 10:25 PM

    The Income Tax department on Thursday began probe into BJP President Nitin Gadkari's Purti Power and Sugar Ltd (PPSL). I-T authorities said they will also probe source of funds of the 18 companies that invested in Purti. Prima facie evidence suggested that shell companies had invested in Purti. Sources said...
  • 'Gadkari lent to and borrowed from the same firm' 25-10-2012 08:42 PM

    New Delhi: CNN-IBN has accessed details of one of the alleged shell companies that invested in BJP President Nitin Gadkari's Purti Group. Regency Equifin Pvt Ltd interestingly has Gadkari's accountant Kawdu Zade and other employees in Purti as directors. Also, records show that Regency Equifin both borrowed from and lent...
  • I-T Dept begins probe into Gadkari's Purti Power and Sugar 25-10-2012 03:26 PM

    New Delhi: The Income Tax department on Thursday began probe into BJP president Nitin Gadkari's Purti Power and Sugar Ltd. I-T authorities will also probe source of funds of companies that were invested in Purti. Prima facie evidence suggests that shell companies have invested in Purti. Sources say that if...
  • Nitin Gadkari in trouble over funding for his firms 25-10-2012 07:40 AM

    New Delhi: The list of questions for BJP president Nitin Gadkari seems to be endless. A CNN-IBN investigation has revealed more cases of financial impropriety. Ideal energy, a promoter of a company that had business links with Gadkari is built on land owned by the BJP chief's Purti group. Nitin...
  • Allegations of wrongdoing, impropriety mount against Gadkari 24-10-2012 08:30 PM

    There is more evidence of fictious companies and dummy directors that funded BJP president Nitin Gadkari's Purti Group of companies. After drivers and accountants, an astrologer was found to be a director in one of the shell investing companies. While Nitin Gadkari defended the massive loan he got from IRB,...
  • Another shell company found linked to Nitin Gadkari 24-10-2012 06:20 PM

    New Delhi: CNN-IBN has accessed details of yet another shell company associated with BJP president Nitin Gadkari. Four companies were reportedly found registered to an address in Andheri, Mumbai, that does not exist. The companies, called Leverage Fintrade, Jasika Mercantile, Strelight Fincom and Regency Equifin were registered to a certain...
  • Link between Lilavati promoters, 2G scam firms? 31-03-2011 07:54 PM

    New Delhi: There could be a possible link between the promoters of Lilavati hospital and telecom companies named in 2G spectrum scam. Four trustees of Lilavati Hospital - Prabodh, Rashmi, Chetan and Bhavin Mehta have shell companies registered in Mauritius. The address of these companies are the same as that...