Latest News on Round Tripping
Showing of 0 - 10 from 6 results
Round Tripping - Total results - 6
Sep 19, 2019
Is liberalised remittances scheme becoming too liberal warranting a closer look? It is time govt set new limitsThe rapidly increasing outbound remittances peaked to $1.69 billion in July (for a single month) 2019
May 26, 2018
Exclusive: Unravelling billionaire fugitive Nirav Modi's tightly woven round-tripping cobwebThe CBI charge sheet reviewed by Firstpost gave cursory details of Modi’s modus operandi, however, the investigators said they have penetrated Modi’s cobweb.
Jan 19, 2015
Weeding out black money: Sebi identifies 4-5 bull, bear cartels for helping launder fundsIt has emerged during investigations by Sebi and stock exchanges that such illicit activities tend to accelerate during last few months of a fiscal and quantum of such transactions has grown manifold in the last few years.
Jan 05, 2015
Crooks using global depository receipts to bring back black money; Sebi starts probeRegulatory and other agencies suspect that GDR route is being used for bringing back suspected illicit funds stashed abroad.
Nov 24, 2014
Transgene GDR case: Sebi must rope in taxmen to check round tripping angleThe Sebi on Friday barred promoters and directors of Transgene Biotek from dealing in securities of any kind till further notice, on charge of defrauding shareholders. The 3 promoters-K Koteshwar Rao, Nirmala Rao and K Srinivas-and three directors-PK Ghosh, SS Marthi and NM Pentyala-have been slapped with Fraudulent and Unfair Trade Practices (FUTP) violations.
Aug 12, 2013
How 3 European banks helped bring back black money as foreign fundsAt least three large European banks' dealings with Indian companies and individuals are being probed for alleged round-tripping of funds by using certain multi-layered transactions in violation of regulator Sebi norms.