Crackdown on shell companies: Sebi to take stock next month
As a multi-agency probe continues to check the black money menace, regulator Sebi will update its board next month on actions being taken against suspected shell companies -- listed as well as unlisted ones -- abetting alleged routing of illicit funds through stock markets.
Aug 17, 2017, 19:14 PM IST
China captures 2,566 fugitives abroad in anti-graft campaign
China has captured 2,566 fugitives, a number of them from the ruling Communist Party, who had fled to other countries and recovered USD 125 million of illicit funds from 2014 to 2016.
Mar 25, 2017, 20:12 PM IST
India, Switzerland improve cooperation on tax matters
With India stepping up efforts to bring back illicit funds stashed abroad, Switzerland has said both sides have improved their cooperation on tax matters following several high-level meetings.
Dec 10, 2015, 15:56 PM IST
Black money: HSBC whistleblower making 'wrong hue and cry', says India
Finance Minister Arun Jaitley emphasised that the government would "take action" on the illicit fund menace and said government offered a reward in exchange for information to Falciani.
Nov 03, 2015, 19:03 PM IST
Black money: Now, rich Godmen under SIT scanner
The SIT on black money will closely monitor the source of wealth and its utilization by the Indian Godmen.
Aug 27, 2015, 11:26 AM IST
Sebi board to discuss SIT suggestions on black money fight
As it continues its fight against suspected illicit funds being routed through stock markets, Sebi has initiated an internal study of suggestions made by the Supreme Court-appointed SIT on black money and the matter would be discussed by the regulator's board later this month.
Aug 07, 2015, 15:11 PM IST
Address factors that generate black money: CEA
Speaking about inflation, Subramanian said one solution to curb price rise could be to encourage people to keep their money in banks and not spend too much.
Jun 23, 2015, 16:07 PM IST
Swiss banks' profit rises; staff count down
Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.
Jun 18, 2015, 16:34 PM IST
Swiss banks' profit rises; staff count down
Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.
Jun 18, 2015, 16:34 PM IST
Black money: Dossier on 15 entities with government
The Supreme Court constituted Special Investigation Team (SIT) on black money has received a new dossier on tax related business information on about 15 entities which have allegedly stashed illicit money abroad.
May 20, 2015, 15:46 PM IST
Firms garner Rs 2 lakh crore in illicit funds; watchdogs up vigil
As many as 500 cases have come under the scanner of revenue intelligence agencies and capital markets regulator SEBI for raising a whopping Rs 2 lakh crore illegally in the guise of non-convertible debentures and private placements.
May 03, 2015, 13:13 PM IST
Sebi ups crackdown; busts illicit fund-raising of Rs 13,000 cr
Stepping up its crackdown against illicit fund-raising activities in a big way, Sebi has busted more than 150 cases of frauds against gullible investors involving close to Rs 13,000 crore in the current fiscal.
Mar 21, 2015, 15:26 PM IST
Nobody knows how much black money is stashed abroad: Rajan
Stating that nobody knows the exact amount of black money stashed away in overseas tax havens, RBI Governor Raghuram Rajan Tuesday said lower income tax rates will help curb generation of such illicit funds.
Nov 25, 2014, 22:45 PM IST
