Shell Companies Crackdown
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Rs 266-Crore GST Invoice Scam Busted, Mastermind Arrested
In a major crackdown on tax fraud, the Directorate General of GST Intelligence (DGGI), Bengaluru Zonal Unit, has unearthed a massive fake invoicing racket involving six shell companies.
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Crackdown On Shell Companies Has Unearthed $1 Billion Cash, Says Minister
The ministry is probing deposits of over $1 billion made by around 20,000 companies during the cash ban last year, while its Serious Fraud Investigation Office is investigating 1,505 companies for allegedly violating the Companies Act.
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Crackdown On Shell Firms Reveals Vast Money-Laundering After Notes Ban
Among the top offenders of companies whose bank accounts were blocked last month by the government for illegal transactions and tax evasion was one that had more than 2,000 bank accounts, making it tough for tax officials to track transactions.
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4.5 Lakh Directors To Be Fired As Government Cracks Down On Shell Companies
As many as 4.5 lakh directors may face disqualification for their association with shell companies, Union minister PP Chaudhary said today as the government steps up its fight against the black money menace.
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Government Freezes 2 Lakh Bank Accounts Of Suspected Shell Companies
The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown on illegal transactions and tax evasion, the Finance Ministry said on Tuesday
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As GST Takes Off, PM Modi Presents Stats Of Crackdown On Black Money
On a day after India's biggest tax reform came into force, Prime Minister Narendra Modi on Saturday vowed to continue the crackdown on black money and announced that the government cancelled registration of one lakh firms over the last 48 hours and was probing 37,000 shell companies on suspicions of funneling black money.
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Two Persons Arrested From Bengaluru, Chennai In Shell Companies Crackdown
The Enforcement Directorate had conducted nation-wide raids on April 1 in 16 states with sleuths swooping down at market places, business centres, residential premises and even houses put up on rent.
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After PM Modi Order, Enforcement Directorate's Crackdown On Shell Companies Begins Across 100 Cities
Weeks after the Prime Minister Narendra Modi's office ordered a crackdown on shell companies used to launder money, the Enforcement Directorate on Saturday carried out nationwide searches across 100 locations targeting nearly 300 shell companies. Sources said Saturday's operation across more than a dozen states was a direct fallout of the coordina...
-
Rs 266-Crore GST Invoice Scam Busted, Mastermind Arrested
In a major crackdown on tax fraud, the Directorate General of GST Intelligence (DGGI), Bengaluru Zonal Unit, has unearthed a massive fake invoicing racket involving six shell companies.
-
Crackdown On Shell Companies Has Unearthed $1 Billion Cash, Says Minister
The ministry is probing deposits of over $1 billion made by around 20,000 companies during the cash ban last year, while its Serious Fraud Investigation Office is investigating 1,505 companies for allegedly violating the Companies Act.
-
Crackdown On Shell Firms Reveals Vast Money-Laundering After Notes Ban
Among the top offenders of companies whose bank accounts were blocked last month by the government for illegal transactions and tax evasion was one that had more than 2,000 bank accounts, making it tough for tax officials to track transactions.
-
4.5 Lakh Directors To Be Fired As Government Cracks Down On Shell Companies
As many as 4.5 lakh directors may face disqualification for their association with shell companies, Union minister PP Chaudhary said today as the government steps up its fight against the black money menace.
-
Government Freezes 2 Lakh Bank Accounts Of Suspected Shell Companies
The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown on illegal transactions and tax evasion, the Finance Ministry said on Tuesday
-
As GST Takes Off, PM Modi Presents Stats Of Crackdown On Black Money
On a day after India's biggest tax reform came into force, Prime Minister Narendra Modi on Saturday vowed to continue the crackdown on black money and announced that the government cancelled registration of one lakh firms over the last 48 hours and was probing 37,000 shell companies on suspicions of funneling black money.
-
Two Persons Arrested From Bengaluru, Chennai In Shell Companies Crackdown
The Enforcement Directorate had conducted nation-wide raids on April 1 in 16 states with sleuths swooping down at market places, business centres, residential premises and even houses put up on rent.
-
After PM Modi Order, Enforcement Directorate's Crackdown On Shell Companies Begins Across 100 Cities
Weeks after the Prime Minister Narendra Modi's office ordered a crackdown on shell companies used to launder money, the Enforcement Directorate on Saturday carried out nationwide searches across 100 locations targeting nearly 300 shell companies. Sources said Saturday's operation across more than a dozen states was a direct fallout of the coordina...
