The Centre is also aggrieved by the interim order of the high court that restrained the Income Tax (I-T) department from taking any action against VVIP chopper scam accused Gautam Khaitan, against whom a black money case has been lodged.
The latest data from Zurich-based Swiss National Bank (SNB) comes months after a new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace.
On Supreme Court's direction, the government had constituted a Special Investigation Team (SIT) to probe cases of alleged black money of Indians, including funds stashed abroad in places like Switzerland.
According to Indian laws, it is not illegal for Indians to own property in Dubai. As per the Foreign Exchange Management Act of 1999, resident and non-resident Indians are allowed to own immovable properties abroad.
Of the 129,000 entries in the Dubai database from 181 countries, those of Indians form a sizeable chunk with 5,800 linked to properties in top sites such as the Palm Jumeirah, The World, Motor City, Emirates Living, Dubai Marina, Burj Dubai, Old Town Island.
Delhi-based lawyer Rohit Tandon was arrested by the Enforcement Directorate on Wednesday night in connection with the ongoing money laundering case against him. He was held under the provisions of the Prevention of Money Laundering Act (PMLA) and will be produced in a court for further custody. The agency suspects Tandon was allegedly instrumental in the illegal […]
Revenue Secretary Hasmukh Adhia announced that the government has set up an email address where people can send in information of those hoarding black money. The email id, firstname.lastname@example.org, will be monitored by a cell which will take immediate action of the tip-offs they receive. Announcing that previously undeclared money which has now been deposited […]
New Delhi, Jan 12 (ANI): Reacting on the black money statement of Yoga Guru Baba Ramdev, Congress leader Shobha Oza on Tuesday said the Modi government, which had black money as an important issue in their election manifesto, has now gone silent on the matter. She further said that PM Modi has failed on his promise to bring the black money back. Meanwhile, Bharatiya Janata Party (BJP) leader Sudesh Verma said that necessary steps were being taken by the government on black money and assured that the results would come soon.