Sebi cracks whip on 1,800-cr tax evasion case
Sebi imposed trading restrictions on 33 entities and suspended trading in one listed company.
Feb 20, 2015, 21:25 PM IST
Black money is cancer; govt committed to bring it back: Swamy
Terming black money as cancer for society, BJP leader Subramanian Swamy Thursday said the NDA government was committed to bring back to the country the illegally stashed money abroad.
Feb 19, 2015, 21:27 PM IST
Britain's HSBC says sorry over past standards at Swiss bank
HSBC apologised to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes.
Feb 15, 2015, 22:25 PM IST
HSBC publishes apology in British papers over tax evasion claims
HSBC published a full-page letter in British newspapers on Sunday to offer its "sincerest apologies" for past practices at its Swiss private bank, which has been accused of helping clients to evade tax.
Feb 15, 2015, 17:51 PM IST
HSBC India at centre of fresh tax evasion claims
HSBC's Indian banking unit is at the heart of fresh revelations around tax evasion, days after a global expose showed tax dodging through accounts in the British major's Swiss banking unit, a media report said today.
Feb 15, 2015, 16:20 PM IST
France denies restricting UK pursuit of HSBC tax evaders
Britain`s Financial Secretary to the Treasury David Gauke said in parliament this week that France had provided leaked information on accounts at the British bank "under very strict conditions".
Feb 13, 2015, 23:41 PM IST
We will verify names first before taking action: SIT
The Special Investigation Team (SIT) Chairman M B Shah on Monday said that they will first verify names from their side and then take any legal action.
Feb 09, 2015, 16:35 PM IST
Govt, SIT widen black money probe as new HSBC list emerges
The Supreme Court-appointed Special Investigation Team (SIT) today discussed the fresh list and felt that there could be 100 new names in it.
Feb 09, 2015, 16:28 PM IST
None in my family has foreign bank accounts: Narayan Rane
Congress leader and former Maharashtra chief minister Narayan Rane Monday categorically denied that either he or any of his family members held accounts in any foreign bank.
Feb 09, 2015, 15:12 PM IST
Black money: SIT to discuss new names; review old ones today
The Special Investigation Team (SIT) on black money will hold a meeting today to discuss status of cases of Indians found to have been holding illegal accounts abroad and disclosures made by an international private investigation.
Feb 09, 2015, 11:59 AM IST
Black money: Govt to disclose 60 names
The government is expected to disclose the names of close to 60 Indians and entities as it has recently initiated tax evasion prosecution proceedings against them as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list.
Feb 09, 2015, 01:46 AM IST
Black money in stock markets: Sebi to suspend shell companies
Cracking its whip on entities using stock markets for evading taxes and laundering black money, watchdog Sebi has decided to suspend trading in listed companies that are found to be used by such manipulators.
Feb 08, 2015, 15:06 PM IST
Tax evasion cases: Court reserves order on Burman plea seeking stay
A court here Wednesday reserved its order on a plea by Dabur India promoter Pradip Burman seeking stay on the proceedings in two alleged tax evasion cases in which he has been made an accused.
Feb 04, 2015, 20:48 PM IST
Govt mulling to broaden ambit of Predicate Offences: SIT to SC
Government is mulling to broaden the definition of "Predicate Offences" on the lines of nations like Australia, Cananda and the US to bring the offence of tax evasion under its ambit, the Supreme Court has been informed.
Jan 23, 2015, 19:34 PM IST
Black money: SIT recommends jail term for tax evaders
The SIT on black money has recommended that tax evaders should henceforth be prosecuted as against the practice of letting them off in lieu of penalty.
Jan 21, 2015, 11:27 AM IST
SIT on black money suggests a cap of Rs 15 L with individuals
The Special Investigating Team (SIT) on black money has suggested to the Supreme Court that a ceiling of Rs 15 lakh be imposed on the maximum cash currency that an individual/entity is allowed to possess at a particular point of time to curb the menace.
Jan 20, 2015, 22:31 PM IST
Bull and bear cartels in stock market misuse for black money
As a probe continues into the misuse of stock markets for evading taxes and laundering black money, 4-5 cartels of market operators have been identified for making illicit gains or showing fictional losses of several thousands of crores of rupees over last 2-3 years.
Jan 18, 2015, 17:09 PM IST
GDR route under scanner for routing black money
As a probe continues into misuse of stock markets for routing black money and tax evasion, the regulatory and other agencies suspect that GDR route is being used for bringing back suspected illicit funds stashed abroad.
Jan 04, 2015, 14:33 PM IST
India studying information given by Cyprus
India will look at removing Cyprus from the blacklist of countries that do not share details about tax evaders after examining information given by the island nation.
Dec 25, 2014, 19:21 PM IST
Sebi bars 260 entities; suspects money laundering, tax evasion
The action comes at a time when the government has sharpened its focus on unearthing black money stashed abroad and within the country.
Dec 19, 2014, 22:36 PM IST
