The raids, led by additional director of I-T in Ludhiana Ritesh Parmar, began Wednesday night and continued on Thursday. Around 15 teams of income tax department carried out the raids at different places in Jalandhar and Ludhiana.
Officials said the first set of summons with specific questions for each were sent in end-November.
A former Facebook employee believes that the social media giant should not be asked to regulate its own data privacy, as it would not be able to do so.
Ripu Sudan Kundra alias Raj Kundra and his parents used a layered offshore trust-company structure to channel EUR 2 million to pick up direct and indirect interests in two companies each in India and UK
Appleby records show his links to a group of companies under the name “Tridevi” and incorporated almost simultaneously in 2009 in Mauritius and Seychelles to invest in India’s oil and gas sector.
Several Indians have been named and listed in the Paradise Papers registries. A list of Indian company owners whose identities have been confirmed and addresses verified
Several Indians have been listed in the Paradise Papers registries. A list of Indian company owners whose identities have been confirmed and addresses verified:
Doctor couple Narinder Pal and Mala Arora are listed as shareholders of WorldCare Limited (Bermuda), a company set up in June 1996.
Paradise Papers: While the stated reason for setting up the company was to bring a team of up to five people to the Isle of Man to deliver a project for Lloyds TSB, the group decide to wind up the company in Isle of Man stating that it has not been generating revenues.
Indian subsidiaries also invested in Jagati Publications Ltd, owned by Y S Jagan Mohan Reddy
On January 30, 2011, INS Vindhyagiri, entering the Mumbai dockyard, was involved in a collision with MV Nordlake, a Cyprus-flagged container carrier which was moving out of the harbour.
SNC-Lavalin is a Montreal-based engineering major, which was first implicated in a financial bribery case booked by the CBI in 2008 in which Kerala Chief Minister Pinarayi Vijayan had been named. Vijayan was cleared in August this year.
Appleby records show that Sanjay Chhabra’s Dolomite Restaurants and Sierra Nevada Restaurants Pvt Ltd are joint venture companies with UK-based International Market Management (UK) Ltd, which invested in these companies through its 100 per cent subsidiary IMM Associates Mauritius.
Six years before his death in 2016, mining baron Anil Salgaocar partnered son-in-law Gautam Radia and Malaysian investor Shanmuga Rethenam to enter iron ore sector in Swaziland.
Records show that between 2002-2003, the company picked up collaterals — listed as four “charges” — worth Rs 87 cr from Indian banks.