Overseas Assets
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Google Play Store Blocks 17 Unregistered Crypto Exchanges in South Korea, Apple May Follow
Google Play has restricted access to 17 foreign crypto exchanges in South Korea, including KuCoin, in compliance with a regulatory directive. These exchanges can no longer be installed on Android devices within the country. The move aligns with South Korea’s efforts to regulate the digital asset market and enforce compliance among overseas platfo...
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Ex-F1 Chief Bernie Ecclestone Facing Fraud Claim Over Pound 400m Foreign Assets
Bernie Ecclestone is facing a claim of fraud over an alleged failure to declare Pound 400 million ($477 million, 473 million euros) of overseas assets to the British government, prosecutors said on Monday
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French Court Lets Cairn Energy Seize 20 Indian Government Assets: Report
In a setback to India, Britain's Cairn Energy secured a French court order to seize 20 government properties in Paris to recover a part of the USD 1.7 billion due from New Delhi following an arbitration panel overturning levy of retrospective taxes.
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Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
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Investigators Look Into Christian Michel's Local, Overseas Assets
Investigative agencies are looking to identify foreign and domestic assets of Christian Michel, alleged middleman in the AgustaWestland scam, to unravel the purported kickbacks generated by him and his associates to swing the defence deal in the favour of the Anglo-Italian firm.
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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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Pakistanis Own Assets Worth $150 Billion In UAE: Report
The Pakistan Supreme Court was on Monday informed that Pakistan nationals hold assets and properties worth over $150 billion in the United Arab Emirates (UAE).
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Finance Minister Arun Jaitley's Briefing On Fugitive Economic Offenders Bill: Highlights
The Union Cabinet has approved Fugitive Economic Offenders Bill to deal with those escaping overseas to avoid being brought to book. The proposed law aims to impound and sell assets of economic offenders like Nirav Modi who left the country and refuse to cooperate with law enforcement agencies. The move will allow quicker recovery of dues through a...
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In Nirav Modi Probe, Investigators To Ask 6 Countries For Info: 10 Points
The Enforcement Directorate (ED) will issue letters rogatory to six countries to identify overseas businesses and assets of diamond trader Nirav Modi, accused in the Rs 11,400-crore Punjab National Bank (PNB) fraud and who is absconding. Letters rogatory are documents that make a request for information through a foreign court. The Central Bureau o...
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Probe Agency Focuses On Overseas Assets Of Nirav Modi, Mehul Choksi
Widening its probe into the Punjab National Bank fraud case, the Enforcement Directorate will soon send judicial requests to over a dozen countries for getting information about the overseas businesses and assets of celebrity jeweller Nirav Modi and owner of Gitanjali Gems Mehul Choksi
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Supreme Court Seeks Vijay Mallya's Overseas Asset Details In 4 Weeks
Liquor baron Vijay Mallya today drew criticism from the Supreme Court for not making full disclosure of his overseas properties, which asked him to furnish complete details of his assets abroad within a month.
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Vijay Mallya's Overseas Assets Must Be Disclosed To Banks: Supreme Court
Banks owed nearly a billion dollars by Vijay Mallya are entitled to details of the assets owned abroad by his family and him, the Supreme Court said today.
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Oil Price Slump A Chance To Enhance Energy Security, Says Dharmendra Pradhan
India sees the current slump in oil prices as an opportunity to enhance its energy security, and the government has told state-owned companies in the sector to aggressively scout for acquisition of assets overseas, Petroleum Minister Dharmendra Pradhan has said.
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Non-Declarants of Foreign Assets to Face Consequences: Arun Jaitley
Finance Minister Arun Jaitley today warned that those who did not declare overseas black money during compliance window will face the consequences as the government will receive information about their wealth under automatic exchange of information, while others who took advantage of the scheme to come clean can "sleep well".
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Black Money Compliance Window Not to Apply if Proceedings Already On: Government
The government has said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
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Google Play Store Blocks 17 Unregistered Crypto Exchanges in South Korea, Apple May Follow
Google Play has restricted access to 17 foreign crypto exchanges in South Korea, including KuCoin, in compliance with a regulatory directive. These exchanges can no longer be installed on Android devices within the country. The move aligns with South Korea’s efforts to regulate the digital asset market and enforce compliance among overseas platfo...
-
Ex-F1 Chief Bernie Ecclestone Facing Fraud Claim Over Pound 400m Foreign Assets
Bernie Ecclestone is facing a claim of fraud over an alleged failure to declare Pound 400 million ($477 million, 473 million euros) of overseas assets to the British government, prosecutors said on Monday
-
French Court Lets Cairn Energy Seize 20 Indian Government Assets: Report
In a setback to India, Britain's Cairn Energy secured a French court order to seize 20 government properties in Paris to recover a part of the USD 1.7 billion due from New Delhi following an arbitration panel overturning levy of retrospective taxes.
-
Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
-
Investigators Look Into Christian Michel's Local, Overseas Assets
Investigative agencies are looking to identify foreign and domestic assets of Christian Michel, alleged middleman in the AgustaWestland scam, to unravel the purported kickbacks generated by him and his associates to swing the defence deal in the favour of the Anglo-Italian firm.
-
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.
-
Pakistanis Own Assets Worth $150 Billion In UAE: Report
The Pakistan Supreme Court was on Monday informed that Pakistan nationals hold assets and properties worth over $150 billion in the United Arab Emirates (UAE).
-
Finance Minister Arun Jaitley's Briefing On Fugitive Economic Offenders Bill: Highlights
The Union Cabinet has approved Fugitive Economic Offenders Bill to deal with those escaping overseas to avoid being brought to book. The proposed law aims to impound and sell assets of economic offenders like Nirav Modi who left the country and refuse to cooperate with law enforcement agencies. The move will allow quicker recovery of dues through a...
-
In Nirav Modi Probe, Investigators To Ask 6 Countries For Info: 10 Points
The Enforcement Directorate (ED) will issue letters rogatory to six countries to identify overseas businesses and assets of diamond trader Nirav Modi, accused in the Rs 11,400-crore Punjab National Bank (PNB) fraud and who is absconding. Letters rogatory are documents that make a request for information through a foreign court. The Central Bureau o...
-
Probe Agency Focuses On Overseas Assets Of Nirav Modi, Mehul Choksi
Widening its probe into the Punjab National Bank fraud case, the Enforcement Directorate will soon send judicial requests to over a dozen countries for getting information about the overseas businesses and assets of celebrity jeweller Nirav Modi and owner of Gitanjali Gems Mehul Choksi
-
Supreme Court Seeks Vijay Mallya's Overseas Asset Details In 4 Weeks
Liquor baron Vijay Mallya today drew criticism from the Supreme Court for not making full disclosure of his overseas properties, which asked him to furnish complete details of his assets abroad within a month.
-
Vijay Mallya's Overseas Assets Must Be Disclosed To Banks: Supreme Court
Banks owed nearly a billion dollars by Vijay Mallya are entitled to details of the assets owned abroad by his family and him, the Supreme Court said today.
-
Oil Price Slump A Chance To Enhance Energy Security, Says Dharmendra Pradhan
India sees the current slump in oil prices as an opportunity to enhance its energy security, and the government has told state-owned companies in the sector to aggressively scout for acquisition of assets overseas, Petroleum Minister Dharmendra Pradhan has said.
-
Non-Declarants of Foreign Assets to Face Consequences: Arun Jaitley
Finance Minister Arun Jaitley today warned that those who did not declare overseas black money during compliance window will face the consequences as the government will receive information about their wealth under automatic exchange of information, while others who took advantage of the scheme to come clean can "sleep well".
-
Black Money Compliance Window Not to Apply if Proceedings Already On: Government
The government has said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
