Ponzi schemes: Sebi says acted against 250 firms already

Last Updated: Friday, August 21, 2015, 16:13

Talking tough on illegal money- pooling schemes, regulator Sebi today said it has passed orders against 250 companies engaged in such activities and has also managed to recover Rs 26 crore from them so far.

Black money: Sebi must have monitoring mechanism to study rise of stocks, says SIT

Last Updated: Friday, July 24, 2015, 16:38

Submitting its recommendations on black money in its third report, the SIT said that Sebi India must study P-note misuse for money laundering.

Black money menace: Swiss banks tighten customer due diligence

Last Updated: Tuesday, June 30, 2015, 21:13

Facing possible criminal action by India and some other nations over suspected black money, Swiss banks today decided to tighten their due diligence procedures to keep away illicit assets and made it mandatory to identify the beneficial owner of funds parked with them.

Take steps to unearth domestic black money: Govt to I-T dept

Last Updated: Monday, May 25, 2015, 16:13

Parliament recently passed the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015, to deal with black money stashed abroad.

Serious operation needed to combat 'black money cancer': SIT

Last Updated: Friday, May 22, 2015, 23:48

The Special Investigation Team (SIT) on black money on Friday said a "serious operation" of strictly enacting and enforcing anti-tax evasion laws is the only solution for combating and winning over the "cancerous" menace of illegal funds stashed abroad and within the country.

Black money: India offers cash reward to HSBC whistleblower

Last Updated: Monday, March 23, 2015, 17:30

As per rules, up to 30 percent of the tax amount realised could be offered to whistleblowers who provide specific information on illegal funds.

Budget provisions to check blackmoney much needed: SIT

Last Updated: Sunday, March 1, 2015, 16:36

The Special Investigation Team (SIT) on black money has welcomed the announcements made in the Budget to tackle menace of illegal funds and similar assets stashed abroad even as it cautioned that good results in this direction would come only after new laws and measures are implemented in a proper manner.

Illegal funds:Ex-MP to challenge trial court order

Last Updated: Saturday, October 27, 2012, 19:49

H S Hanspal, convicted and fined Rs five lakh by a Delhi court for illegally raising funds for a company,said he will challenge the order.

Illegal funds being used to foment terror: J&K Guv

Last Updated: Friday, September 14, 2012, 13:17

Voicing concern over crime groups using illegal funds generated from smuggling, fake currency and hawala racket to fund terror activities, J&K Governor NN Vohra Friday said.

'Many countries amending laws for exchange of tax info'

Last Updated: Sunday, September 25, 2011, 14:10

In a major push to its efforts to unearth illegal funds stashed in tax havens, India has got indications from various countries promising strengthening of legal framework for exchange of tax and banking information.

Govt to seize illegal funds stashed by foreigners

Last Updated: Monday, June 13, 2011, 14:32

India will introduce a bill in the monsoon session of Parliament that will enable confiscation of illegal money stashed in India by foreigners, Finance Minister Pranab Mukherjee said Monday.