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"Not Domiciled Here": Mauritius Financial Services Commission On Fund At Heart Of Hindenburg Allegation Against SEBI Chief
Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation.
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Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises
Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure to bet against Adani Enterprises Ltd.
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Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
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Interim Budget 2024: India's Interim Budget Focuses On Green Economy, Climate Investments
Interim Budget 2024: In an effort to achieve net-zero carbon emissions, India will solarise rooftops of one crore households and provide viability gap funding for harnessing offshore wind energy potential with an initial capacity of one gigawatt
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Offshore Online Gaming Companies in India Mandated to Register Their Business
The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers. The move to tax online gaming companies has shocked the nascent $1.5 billion (nearly Rs. 12,430 crore) industry, which is backed by global investors.
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SEBI Disagrees With Supreme Court-Appointed Expert Panel On Adani Row
The capital markets regulator SEBI today told the Supreme Court that its 2019 rule changes do not make it tougher to identify beneficiaries of offshore funds, and action will be taken if any violation is found.
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Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC
Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance's US asse...
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Illegal Overseas Assets Of "Thousands Of Indians" Under Scanner: Report
The Income Tax Department has launched a major operation to investigate cases of illegal funds and properties stashed abroad by Indians and may invoke the new anti-black money law for strict criminal action in many such cases, officials said on Monday.
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China And India Compete In New Area: Abu Dhabi Oil Fields
A stake in the offshore oil concession that's set for renewal in March would mark a second big win of crude development rights in the emirate for China National Petroleum Corp.
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UK Queen's Private Estate Invested In Offshore Funds, Says 'Paradise Papers' Leak
Millions of pounds from the private estate of Britain's Queen Elizabeth II have been invested in offshore tax haven funds, a huge new leak of financial documents revealed on Sunday.
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In Case By Imran Khan, Pak's Nawaz Sharif Gets Breather In Supreme Court: 10 Points
Pakistan Prime Minister Nawaz Sharif today dodged disqualification after a split decision by the Supreme Court which ordered a joint investigation in allegations against him in the "Panama Papers" leaks. Mr Sharif, 67, has denied any wrongdoing, but the Supreme Court agreed to investigate his family's offshore wealth late last year after opposition...
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US, India To Cooperate On Checking Tax Evasion, Terror Funding
India and the US have agreed to enhance cooperation on tackling offshore tax evasion through information sharing and joint audits, while intensifying efforts to combat money laundering and terror financing.
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UK's David Cameron Releases Tax Records To Calm Panama Papers Storm
British Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth raised by the mention of his late father's offshore fund in the Panama Papers.
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Panama Papers: David Cameron Admits He Profited From Father's Offshore Fund
British Prime Minister David Cameron admitted Thursday he had held a 30,000 pound stake in an offshore fund set up by his father, after days of pressure following publication of the so-called Panama Papers.
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Offshore Accounts Are For More Than Laundering Money
Offshore accounts conjure images of bad behaviour by the rich and shady, and for good reason: they have been used to dodge taxes, fund organized crime and facilitate corruption. But many people use offshore accounts for more than just hiding bribes and laundering money.
-
"Not Domiciled Here": Mauritius Financial Services Commission On Fund At Heart Of Hindenburg Allegation Against SEBI Chief
Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation.
-
Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises
Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure to bet against Adani Enterprises Ltd.
-
Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
-
Interim Budget 2024: India's Interim Budget Focuses On Green Economy, Climate Investments
Interim Budget 2024: In an effort to achieve net-zero carbon emissions, India will solarise rooftops of one crore households and provide viability gap funding for harnessing offshore wind energy potential with an initial capacity of one gigawatt
-
Offshore Online Gaming Companies in India Mandated to Register Their Business
The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers. The move to tax online gaming companies has shocked the nascent $1.5 billion (nearly Rs. 12,430 crore) industry, which is backed by global investors.
-
SEBI Disagrees With Supreme Court-Appointed Expert Panel On Adani Row
The capital markets regulator SEBI today told the Supreme Court that its 2019 rule changes do not make it tougher to identify beneficiaries of offshore funds, and action will be taken if any violation is found.
-
Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC
Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance's US asse...
-
Illegal Overseas Assets Of "Thousands Of Indians" Under Scanner: Report
The Income Tax Department has launched a major operation to investigate cases of illegal funds and properties stashed abroad by Indians and may invoke the new anti-black money law for strict criminal action in many such cases, officials said on Monday.
-
China And India Compete In New Area: Abu Dhabi Oil Fields
A stake in the offshore oil concession that's set for renewal in March would mark a second big win of crude development rights in the emirate for China National Petroleum Corp.
-
UK Queen's Private Estate Invested In Offshore Funds, Says 'Paradise Papers' Leak
Millions of pounds from the private estate of Britain's Queen Elizabeth II have been invested in offshore tax haven funds, a huge new leak of financial documents revealed on Sunday.
-
In Case By Imran Khan, Pak's Nawaz Sharif Gets Breather In Supreme Court: 10 Points
Pakistan Prime Minister Nawaz Sharif today dodged disqualification after a split decision by the Supreme Court which ordered a joint investigation in allegations against him in the "Panama Papers" leaks. Mr Sharif, 67, has denied any wrongdoing, but the Supreme Court agreed to investigate his family's offshore wealth late last year after opposition...
-
US, India To Cooperate On Checking Tax Evasion, Terror Funding
India and the US have agreed to enhance cooperation on tackling offshore tax evasion through information sharing and joint audits, while intensifying efforts to combat money laundering and terror financing.
-
UK's David Cameron Releases Tax Records To Calm Panama Papers Storm
British Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth raised by the mention of his late father's offshore fund in the Panama Papers.
-
Panama Papers: David Cameron Admits He Profited From Father's Offshore Fund
British Prime Minister David Cameron admitted Thursday he had held a 30,000 pound stake in an offshore fund set up by his father, after days of pressure following publication of the so-called Panama Papers.
-
Offshore Accounts Are For More Than Laundering Money
Offshore accounts conjure images of bad behaviour by the rich and shady, and for good reason: they have been used to dodge taxes, fund organized crime and facilitate corruption. But many people use offshore accounts for more than just hiding bribes and laundering money.
