Black money: I-T department files 121 cases against HSBC account holders
The Income Tax department has slapped 121 cases for prosecution of those entities whose names have appeared in the HSBC Geneva bank list even as undisclosed income to the tune of Rs 4,800 crore has been brought under tax net in these cases at the end of the last fiscal.
Apr 30, 2015, 18:10 PM IST
New law to enable confiscation of benami properties: Sinha
Seeking to curb generation of black money, the government on Tuesday said it will come out with a new law that will provide for confiscation of benami properties and prosecution of offenders.
Apr 28, 2015, 15:46 PM IST
Black money: FIU begins tracking overseas money transfer
Financial Intelligence Unit has begun tapping information on all suspicious cross-border fund transfers made from India to offshore destinations.
Apr 28, 2015, 15:45 PM IST
Sebi ups crackdown on money-pooling frauds; 92 firms face axe
Sebi's crackdown on illegal money pooling activities seems to be gaining momentum as the regulator has taken strict action against 92 firms so far in 2015 for fraudulently raising over Rs 2,000 crore from public.
Apr 19, 2015, 12:24 PM IST
FM promises reasonable compliance window under black money law
The government had introduced the stringent Bill in the Lok Sabha to deal with the menace of black money stashed abroad.
Apr 06, 2015, 13:12 PM IST
Black money Bill likely to be tabled in Lok Sabha tomorrow
The government is likely to table in the Lok Sabha tomorrow a Bill to make non-disclosure of overseas income and assets a predicate offence that will attract punitive action including upto a 10-year jail term.
Mar 19, 2015, 14:13 PM IST
HSBC Swiss unit says has made changes to prevent tax evasion
HSBC`s Swiss banking arm, which according to leaked documents helped wealthy customers avoid millions in taxes in the past, insisted Monday it has since undergone a "radical transformation".
Feb 09, 2015, 14:41 PM IST
Black money: Govt to probe new Indian names in HSBC list, says Jaitley
Jaitley said that the tax department has launched 60 prosecutions from an earlier list of Indian account holders in a Swiss branch of HSBC bank.
Feb 09, 2015, 12:39 PM IST
Need to gather evidence before prosecuting A/c holders: FM on Black money
Finance Minister Arun Jaitley on Monday said that 60 prosecutions on black money have been launched.
Feb 09, 2015, 12:16 PM IST
1,195 Indians holding account in Swiss bank: Report
The government has recently initiated tax evasion prosecution proceedings as part of its crackdown on black money accounts.
Feb 09, 2015, 09:32 AM IST
Tax evasion cases: Court reserves order on Burman plea seeking stay
A court here Wednesday reserved its order on a plea by Dabur India promoter Pradip Burman seeking stay on the proceedings in two alleged tax evasion cases in which he has been made an accused.
Feb 04, 2015, 20:48 PM IST
Black money case: Court summons Moin Qureshi, staff as accused
Controversial businessman Moin Ahmed Qureshi was on Friday summoned as accused by a Delhi court in a black money case filed by the Income Tax Department for allegedly not disclosing his income of nearly Rs 20 crore.
Jan 30, 2015, 19:17 PM IST
Government will take steps on black money after June: Swamy
Explaining why the Centre was going slow, he said that a lot of people, including prominent figures, would be hurt in the process.
Jan 10, 2015, 18:27 PM IST
Sebi bars 260 entities; suspects money laundering, tax evasion
The action comes at a time when the government has sharpened its focus on unearthing black money stashed abroad and within the country.
Dec 19, 2014, 22:36 PM IST
Govt taking concrete steps to bring back black money: Naidu
The government is taking "concrete steps" to bring back black money stashed abroad, Union Minister M Venkaiah Naidu said today and asked people to be "patient" for the outcome.
Dec 19, 2014, 19:12 PM IST
Less than half of HSBC list accounts have no money: SIT report
The I-T department is now mulling prosecution against 300 entities figuring in the list of 628 entries in the HSBC Geneva list given to the Supreme Court recently.
Nov 06, 2014, 16:45 PM IST
Money laundering: RBI takes action against erring UCBs
The central bank has also asked state governments to take stern action against any other erring UCBs after reports emerged that such entities were being used as conduits for money laundering.
Sep 14, 2014, 11:47 AM IST
RBI, govt working to regulate illegal money taking entities
The Reserve Bank is working with the government to bring about changes in the law to regulate the entities who are illegally accepting deposits from the public, Deputy Governor R Gandhi said on Thursday.
Aug 21, 2014, 19:51 PM IST
Over 54K suspicious transactions reported to FIU in 2013-14
Over 54,000 instances of suspicious transactions, involving dealings related to terror financing and Hawala, have been detected by the financial intelligence department of the government during last fiscal.
Aug 14, 2014, 19:48 PM IST
Sebi bars IHI Developers, directors from raising public money
The company was collecting funds from the public for the scheme of sale/purchase and development of land through various payment plans.
Aug 12, 2014, 18:32 PM IST
