Tamil film producer Jaffar Sadiq coming out from the Principal Sessions Court, after appearing in the Enforcement Directorate case in Chennai. File | Photo Credit: The Hindu The Directorate of Enforcement, Chennai, has filed a Prosecution Complaint (PC) under provisions of the Prevention of Money Laundering Act (PMLA), 2002, before the XIII Additional CBI Court … Read more
The July 31 deadline for filing your income tax returns (ITR) is fast approaching. Taxpayers can now pay their taxes online through the e-filing portal. If your tax liability exceeds the TDS (tax deducted at source) paid during the year, you’ll need to settle the outstanding amount. This can be done online through any of … Read more
Taxpayers should note that high-value cash transactions exceeding a specified limit are subject to monitoring by the Income Tax Department. Failure to disclose such transactions in Income Tax Returns (ITR) filing could result in a notification from the tax authorities. Noteworthy cash transactions, such as bank deposits, mutual fund investments, property dealings, and share trading, … Read more
In a major relief for NCP leader Praful Patel, an Appellate Tribunal that deals with the Smugglers and Foreign Exchange Manipulators Act (Safema) quashed the attachment of four floors of a Mumbai building owned by him. The Enforcement Directorate had provisionally attached the floors of Ceejay House in Worli in July 2022, in a money … Read more
New Delhi: A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime. These new guidelines have been … Read more
The trial of 27 people charged in connection with the worldwide “Panama Papers” money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak. The Panama Papers include a collection of 11 million secret financial … Read more
Hyderabad: The arrest of K Kavitha, daughter of former chief minister and BRS supremo K Chandrasekhar Rao, a day before the Election Commission is set to announce the schedule for the Lok Sabha elections, may have some psychological impact on party workers. Former minister T Harish Rao said at a press conference that the party … Read more
Watch Alex Marquardt’s report on the sting operation on Erin Burnett OutFront on Monday, April 10, at 7 p.m. ET. CNN — A team of South Korean spies and American private investigators quietly gathered at the South Korean intelligence service in January, just days after North Korea fired three ballistic missiles into the sea. For … Read more
CNN — A wealthy Russian businessman has been arrested as part of a “major operation” on suspicion of multiple offenses, the United Kingdom’s National Crime Agency said in a statement Saturday. The 58-year-old man was arrested Thursday at his “multi-million-pound residence in London by officers from the NCA’s Combatting Kleptocracy Cell” on suspicion of committing … Read more
Russia has been barred from participating in future projects of global terror financing and money laundering watchdog Financial Action Task Force (FATF). Addressing a press conference in Paris, FATF chairperson T Raja Kumar said the move comes in the wake of Moscow‘s invasion of Ukraine. Kumar said Russia’s actions continued to violate FATF’s core principles, … Read more