Search For "shell companies"
ED carries out search operations against 3 suspected shell companies in UP
Updated : 10 months, 2 weeks ago IST
ED stated that raids were carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
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Empowering Financial Justice: How Dexian Can Architect the Future of Corpo
Updated : 11 months ago IST
New Delhi [India], June 21: India is witnessing a troubling rise in corporate fraud, with investigative agencies such as the Serious Fraud Investigation Office (SFIO) handling an increasing number of complex white-collar crime cases. According to Ministry of Corporate Affairs data, over 190
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UK High Court denies Nirav Modi's bail plea in PNB fraud case
Updated : 1 year ago IST
The UK High Court has rejected Nirav Modi's 10th bail application in the USD 1 billion Punjab National Bank fraud case. Indian authorities, including the ED and CBI, submitted strong arguments leading to the dismissal. Modi remains in UK custody as extradition proceedings continue.
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ED freezes Rs 170 crore of 30 bank accounts in money laundering case linki
Updated : 1 year, 3 months ago IST
The Enforcement Directorate (ED) has frozen movable properties in the form of more than 30 bank account balance of some shell companies to the tune of Rs 170 crore following a raid conducted two days ago in Delhi, Uttar Pradesh, and Haryana in connection with a case of QFX Trade Ltd, the
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"Intimidating behaviour will not continue in Maharashtra": BJP leader Kiri
Updated : 1 year, 4 months ago IST
Somaiya said, "This is a very serious issue, and CM Devendra Fadnavis is personally overseeing the matter. There are allegations of collecting money, contract killing and money laundering through shell companies, and if there is political patronage to the incident. The Fadnavis government
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Court grants bail to man accused in Rs 328 crore overseas transfer using b
Updated : 1 year, 7 months ago IST
A Delhi Court has recently granted bail to Rupesh Batra, accused in an alleged case of acquiring foreign exchange worth Rs.328,22,70,844 through 53 accounts linked with shell companies and transferring the same abroad in a disguised manner.
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Fraud on name of illegal goods sent abroad, ED arrested 4
Updated : 1 year, 8 months ago IST
According to ED, all four accused were involved in incorporation of shell companies and opening of bank accounts, through which Proceeds of Crime (PoC) generated from cyber scams were laundered.
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"Fund cited by Hindenburg not domiciled in Mauritius" says Mauritian banki
Updated : 1 year, 9 months ago IST
The Mauritian regulator said that Mauritius does not permit creation of shell companies and cannot be described as a 'Tax Haven' as has been done by Hindenburg.
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"You will find some interesting facts coming to light," Congress MP Manish
Updated : 2 years, 2 months ago IST
Congress MP Manish Tewari on Friday said that the Supreme Court should direct that the corporate veil of shell companies must be lifted to determine who the true donor or true purchaser is and to whom these electoral bonds have gone adding that in the coming days, people will find some "i
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ED arrests MD of Topworth Group Abhay Lodha in bank fraud case
Updated : 2 years, 8 months ago IST
The MD of Topworth Group, Abhay Narendra Lodha, was arrested by the Enforcement Directorate (ED) after the ED conducted search operations at 12 locations in connection to Bank Fraud. The arrest was made on Monday and during the search operations, details of undisclosed properties and compani
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"Questions raised by Rahul Gandhi relevant": KC Venugopal amid fresh alleg
Updated : 2 years, 8 months ago IST
On a day when Organised Crime and Corruption Reporting, a body funded by billionaire global investor George Soros, levelled fresh allegations against the Adani Group, Congress general secretary KC Venugopal on Thursday said the questions raised by Rahul Gandhi with regard to the "unaccounted
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Chandigarh police arrest mastermind with links to international drug syndi
Updated : 2 years, 9 months ago IST
The Anti-Narcotic Task Force (ANTF) of the Chandigarh Police on Saturday said it has arrested a prime accused believed to be the high profile hawala operator and mastermind of many shell companies having links with the International drug money transfer network in Punjab and Chandigarh.
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