Financial Crimes

Showing 1 of 10 from 10 results
Financial Crimes - Total results - 10
PNB fraud case: Govt to auction rare art belonging to Nirav Modi; MF Husain's work among assets to come under hammer
Business

PNB fraud case: Govt to auction rare art belonging to Nirav Modi; MF Husain's work among assets to come under hammer

Indian tax authorities raised about $8 million in an auction conducted last year by Saffronart of rare oil paintings that were seized from Modi.

Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution
Business

Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution

In many of the cases under insolvency, the promoters are under investigation by various agencies, the sources said

PNB fraud case: Mehul Choksi fears 'mob lynching' in India; files application for cancellation of arrest warrant
Business

PNB fraud case: Mehul Choksi fears 'mob lynching' in India; files application for cancellation of arrest warrant

Mehul Choksi, who is accused of defrauding Punjab National Bank of $2 billion along with his nephew, diamond tycoon Nirav Modi, fled India before the accusations came to light and said in Monday’s application that he could not disclose his location in public because of the threat to his life

Supreme Court strikes down stringent bail provision under Prevention of Money Laundering Act, terms it 'arbitrary'
India

Supreme Court strikes down stringent bail provision under Prevention of Money Laundering Act, terms it 'arbitrary'

The Supreme Court on Thursday struck down a stringent condition for securing bail of a person accused under the Prevention of Money Laundering Act (PMLA).

Tax evasion: whopping Rs 3000 cr of black money detected in India this yr
Economy

Tax evasion: whopping Rs 3000 cr of black money detected in India this yr

The Central Economic Intelligence Bureau (CEIB), the nodal agency under Finance Ministry for gathering and disseminating intelligence related to financial crimes, has culled out 174 cases between January and July this year involving tax evasion and routing of blackmoney, the sources said today

Financial crimes are pervasive threat to economy, says CBI director
India

Financial crimes are pervasive threat to economy, says CBI director

The "pervasive" threat of financial crimes and corruption is a challenge to the country's economy and global efforts are required to combat this menace, CBI chief Ranjit Sinha today said.

Indian-American activist-attorney appears on Time cover
India

Indian-American activist-attorney appears on Time cover

Indian-American attorney Preet Bharara has made it to the cover of the Time magazine for his crusade against Wall Street corruption and irregularities including insider trading.

US expands case against ex-Goldman director Gupta
World

US expands case against ex-Goldman director Gupta

Federal prosecutors have expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta, saying the illegal activity lasted longer and involved more trades than alleged.

Now, an elite unit to combat financial fraud
Politics

Now, an elite unit to combat financial fraud

The new unit is a shot in the arm for the Income Tax department which is probing some very high-profile and big-ticket financial transactions in the country and abroad.