money laundering


Over 2 lakh non-filers filed ITR in FY'18, paid Rs 6,416 cr tax

Aug 07 2018

As many as 2.09 lakh 'non-filers' filed income tax returns in last fiscal and paid taxes worth Rs 6,416 crore, Minister of State for Finance Shiv Pratap Shukla said.

Denmark to investigate Danske Bank over money laundering allegations

Aug 06 2018

Denmark’s state prosecutor has started a criminal investigation into Danske Bank (DANSKE.CO) over allegations the lender had been involved in money laundering through its Estonian branch.

ED files charge sheet against journalist Upendra Rai

Aug 06 2018

The Enforcement Directorate (ED) today filed charge sheet against journalist Upendra Rai in a money laundering case related to alleged extortion and dubious financial transactions.

HC grants bail to former Andhra Bank officer in money laundering case

Aug 06 2018

The Delhi High Court granted bail to a former Andhra Bank director who was arrested in connection with a money laundering probe in an alleged Rs 5,000-crore fraud case.

Ex-AgustaWestland, Finmeccanica directors summoned as accused in VVIP chopper case

Jul 24 2018

Former AgustaWestland and Finmeccanica directors Giuseppe Orsi and Bruno Spagnolini, ex-IAF chief S P Tyagi and others were today summoned as accused by a Delhi court in a money laundering case related to the VVIP chopper scam.

Delhi court summons Virbhadra Singh's son in money laundering case

Jul 24 2018

A Delhi court today summoned former Himachal Pradesh chief minister Virbhadra Singh's son Vikramaditya and others to appear before it on August 27 in a money laundering case.

Danish pension fund freezes investment in Danske Bank over money laundering scandal

Jul 13 2018

Danish pension fund MP Pension said Friday it has temporarily frozen its investments in Danske Bank (DANSKE.CO) over the lender’s involvement in money laundering in Estonia.

Police identified 159 properties of Vijay Mallya, could not attach them: Court told

Jul 05 2018

The Bangalore police today informed a Delhi court that it has identified 159 properties belonging to liquor baron Vijay Mallya, but has not been able to attach any of them for the Enforcement Directorate's (ED) money laundering case relating to FERA violations.

Tough times for the King Of Good Times Vijay Mallya

Jul 05 2018

Liquor baron Vijay Mallya’s troubles with the Indian investigative agencies took a turn for the worst when a UK High Court judge issued an enforcement order.

ED to enhance cyber operations with Gujarat forensic university'

Jun 25 2018

ED is to take help of GFSU to strengthen its cyber and digital forensic operations while dealing with money laundering cases, an agency statement said.

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Stocks In News



Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports


Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports


To decide on buy back of shares on Aug. 20


Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports


Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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