-The Times of India A year after the UPA presented a white paper on black money in Parliament, spelling out strategy to curb generation of illicit money and preventing its offshore flight, one of the most potent weapons created to tackle the menace and bring offenders to book - theincome tax department's Directorate of Criminal Investigation (DCI) - stands dismantled and powerless. The last search-and-survey operation, better known as I-T raids,...
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PM says unauthorized deposit collection has to be curbed
-The Times of India Prime Minister Manmohan Singh said on Saturday that unauthorized collection of deposits promising high returns has to be curbed as the Centre unleashed a multi-agency probe on chit funds and money pooling firms in West Bengal and the eastern region. Rattled by the collapse of the Saradha group in West Bengal, the Centre has asked various agencies such as the Enforcement Directorate (ED), Income Tax department, the ministry...
More »Netas, scribes may come under ED lens -Pradeep Thakur
-The Times of India The enforcement directorate's probe into alleged Money Laundering by the scam-scarred Saradha group may cover important politicians and their kin, besides media professionals, exposing them to the risk of confiscation of their bank accounts and properties. Sources in the ED, which has already registered a case in Guwahati, said the agency will issue summons to all those who helped siphon off money that Saradha had mopped up from...
More »WB chit fund scam: Governor calls special Assembly session next week
-CNN-IBN Kolkata: West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session. But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be returned by the Centre so that it could...
More »Money Laundering case against Saradha group filed
-PTI In further trouble for the Ponzi scheme scam-hit Saradha group of Kolkata, the Enforcement Directorate (ED) has registered a Money Laundering case to probe the allegations of financial irregularities by numerous depositors against it. The ED has registered a regular case under the provisions of the Prevention of Money Laundering Act (PMLA) at its Guwahati office as the Assam police has registered an FIR against the group after allegations were made...
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