Dri

Bundles of cash rain down from Kolkata building during DRI raid; owner throws nearly Rs 4 lakh onto street

DRI sources told news agency PTI that its officials had gone to the office of a private company engaged in export-import activities located on that floor to conduct search operations for alleged evasion of duty.

Govt empowers PSU banks to seek lookout circulars against wilful defaulters, fraudsters

The government issued two circulars recently authorising chairman-cum-managing directors or CEOs of public sector banks and the SFIO to request designated authorities to issue LOCs against any wilful defaulter or fraudster if they think the person may flee the country

MHA says 'snooping order' based on UPA-era IT rules, no new powers conferred on any security agencies

The MHA has authorised 10 central agencies, including the IB, CBI, and ED to intercept, monitor, and decrypt "any information generated, transmitted, received or stored in any computer" for national security

Coal import scam: Bombay High Court grants interim relief to Adani Group from DRI

Last month, Adani Enterprises had filed a plea in the Bombay High Court seeking quashing of all LRs against its firms that are under probe for alleged over-invoicing of Indonesian coal imports.

DRI seizes 1.8 kg of heroin worth Rs 9 crore in Jammu, arrests two; sleuths acted on a tip-off

The Directorate of Revenue Intelligence has seized the vehicle in which the two were transporting the heroin worth Rs 9 crore along the Jammu-Srinagar highway.

Govt to soon come out with definition for shell companies, says union minister P P Chaudhary

Generally, shell companies exist only on paper and are often used by fraudsters for carrying out their illegal activities

Government officials seize exotic birds smuggled into West Bengal from Bangladesh; second such incident in a month

The Directorate of Revenue Intelligence (DRI) has seized exotic birds which were smuggled from Bangladesh into West Bengal, an agency statement said on Thursday.

PNB fraud: Nirav Modi was holed up in a flat above his jewellery store in London's Mayfair area, says report

Nirav Modi has been on the run since January and been spotted in Dubai, Hong Kong, Belgium, New York and London.

Revenue intelligence agency DRI serves arrest warrant to Nirav Modi via email after he fails to appear in court

Revenue intelligence agency DRI has served an arrest warrant via email to absconding diamantaire Nirav Modi in a case of alleged customs duty evasion, officials said on Sunday.

DRI arrests Shree Ganesh Jewellery House's promoter Nilesh Parekh in multi-crore gold fraud case

Parekh was last year arrested by the CBI, in connection with defrauding a consortium of banks led by the SBI, for non-payment of loans to the tune of Rs 2,672 crore.