The tax authorities had unearthed Rs 660 billion of unaccounted money as part of the government's efforts to curb tax evasion. ...
11:22 PM, Dec 14, 2011
New Delhi: Union Finance Minister Pranab Mukherjee on Wednesday told Parliament that the tax authorities had unearthed Rs 660 billion of unaccounted money as part of the government's efforts to curb tax evasion. Mukherjee was replying to a debate on black money in the Lok Sabha. He further said that the government had signed agreements with 60 countries to share information about tax evasion and was in the process of...
10:57 PM, Dec 14, 2011
New Delhi: Senior BJP leader LK Advani moved an adjournment motion on the black money issue in the Lok Sabha on Wednesday. Speaking on the issue in the House, Advani said that the 'dirty money' was going in terror incidents. "The world realises that a major part of this dirty money is going in terror incidents. This has led to the UN passing international convention against corruption," Advani said. Advani...
12:24 PM, Dec 14, 2011
New Delhi: The UPA might be getting flak over black money from the Opposition, but the global community ranks India amongst the top three countries fighting to get tax evaders to book. Global Forum on Tax Transparency Head Pascal Saint Amans said, "They (global Community) pretend they are bringing transparent and they either lie or they get it wrong because what they are doing is a threat towards real transparency....
07:11 AM, Dec 09, 2011
Mumbai: A special court on Thursday granted bail to the wife of Pune businessman and alleged tax evader Hasan Ali Khan. Enforcement Directorate (ED) had initiated proceedings against Rheema Khan under the Prevention of Money Laundering Act (PMLA) and relevant section of the IPC for not responding to summons and appearing before the agency for questioning. She was granted bail by the special PMLA court in Mumbai. Her application seeking...
09:26 PM, Nov 17, 2011
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
Cannes: Warning that tax evasion and illicit flows have become a "serious" problem, Prime Minister Manmohan Singh on Thursday asked the G-20 to send a strong message to curb such activities. With the issue of black money stashed abroad by Indians being used to target his government by the Opposition, Singh said the world's 20 leading economies currently meeting here for their sixth summit should take the lead in agreeing...
11:33 PM, Nov 03, 2011
Mumbai: The Income Tax Department on Thursday conducted searches at the premises of prominent industrialist Gautam Singhania in Mumbai and in Delhi over alleged tax evasion. The I-T operation began early in the morning and was initiated by the Intelligence Wing of the department. A team of about 150 I-T sleuths began searching the official premises of the business tycoon, who is the Chairman and Managing Director of the Raymond...
01:45 PM, Nov 03, 2011
Mumbai: Alleged money launderer and tax evader Hasan Ali Khan suffered a stroke followed by a paralytic attack in jail but was not hospitalised, his lawyer said, adding he will move Supreme Court for bail on Monday. According to advocate IP Bagaria, Khan, whose bail was cancelled by the apex court last month, suffered the stroke on Thursday but the authorities at Arthur Road Central Jail did not admit him...
11:17 PM, Oct 30, 2011
Washington: With America's debt assuming dangerous proportions and no significant number of jobs being created of late, the US President Barack Obama on Monday unveiled plans to tax the rich and reduce the deficit. Coming out with a slew of proposals to tax the rich, Obama said his plan eliminates tax loopholes that primarily go to the wealthiest taxpayers and biggest corporations, tax breaks that small businesses and middle-class families...
12:40 AM, Sep 20, 2011
Mumbai: Alleging that Hasan Ali Khan's wife was 'obstructing' the probe and trying to 'intimidate' investigators, the Enforcement Directorate (ED) on Tuesday urged the Bombay High Court to reject her petition seeking quashing of proceedings under the anti-money laundering law. The ED also said the preliminary enquiry initiated against Rheema Khan, the wife of jailed Pune stud farm owner accused in money laundering cases, has revealed that she too had...
07:45 PM, Aug 23, 2011
New Delhi: The Supreme Court on Thursday extended till August 26 the stay on the bail granted to Pune stud farm owner Hasan Ali Khan, who was arrested in March on charges of money laundering. A bench headed by Justice Altamas Kabir passed the order after hearing for two hours arguments put forth by Additional Solicitor General Haren Rawal, who on behalf of the Enforcement Directorate (ED), challenged the bail...
04:41 PM, Aug 18, 2011
Mumbai: The Bombay High Court on Friday granted bail to Pune stud farm owner Hasan Ali Khan, arrested in March for alleged involvement in multi-crore money laundering scam, observing that there is nothing in Enforcement Directorate's case to show that the money amassed by him are proceeds of crime. "There are no ingredients of proceeds of crime in the case made out by the Enforcement Directorate against Hasan. He deserves...
04:43 PM, Aug 12, 2011
Mumbai: In a relief to Rheema Khan, the wife of Hasan Ali Khan (who has been arrested in an alleged multi-crore money laundering scam), the Bombay High Court on Wednesday granted her exemption from appearing before a special court which has initiated criminal proceedings against her. The special Prevention of Money Laundering Act (PMLA) court, on June 17, issued proceedings against Rheema on the complaint filed by the Enforcement Directorate...
06:22 PM, Aug 10, 2011
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11:53 PM, Jul 15, 2011
Mumbai: Hasan ali's co-accused in the money laundering case Kashinath Tapuriah had earlier told Enforcement Directorate (ED) interrogators about Ali's political connections in an interview to CNN-IBN. The 74-year-old Kolkata-based businessman has now claimed Hasan Ali has links to many more politicians - Renuka Choudhary and Suresh Kalmadi from the Congress to former Samajwadi Party MP Jaya Prada. The 12 statements of Tapuriah that have been recorded and several even...
08:05 PM, May 27, 2011
New Delhi: The Supreme Court on Thursday expressed displeasure over the tardy pace of probe by the Income Tax department into the tax evasion cases linked to 2G spectrum case, saying it wanted "results". A bench of justices G S Singhvi and A K Ganguly directed the department to file a detailed report on action taken by it during the last three years when it got a complaint in this...
12:37 PM, May 05, 2011
Puducherry: Enforcement Directorate on Monday began questioning Puducherry Lt Governor Iqbal Singh over his recommendation for issuing passport expeditiously to Hasan Ali Khan, facing money laundering and tax evasion charges. Official sources said the four-member team from Mumbai began questioning Singh at Raj Nivas, five days after an ED team from Chennai had set the motion in process. The ED's questioning comes after the Prime Minister's Office gave a green...
06:30 PM, Apr 25, 2011
New Delhi: "Was the government sleeping all these years on the issue of blackmoney," the Supreme Court said on Thursday while criticising the Centre's probe restricting to an individual and being evasive about the idea of an investigation by the Special Investigating Team. The apex court said the investigation into the issue of black money required complete and full-fledged involvement of government as the most important question was about the...
06:10 PM, Apr 21, 2011
Puducherry: Lieutenant Governor Iqbal Singh has been accused of helping facilitate a fake passport for India's alleged tax evader Hasan Ali Khan, who's now in judicial custody. Singh has denied the allegations. He told CNN-IBN that he has no plans of resigning. Meanwhile, the state government has distanced itself from Iqbal Singh. Chief Minister V Vaithilingam has said the government had not allocated any land to the Lieutenant Governor to...
08:08 AM, Apr 18, 2011
