Securities Exchange Board of India, the stock market regulator penalised 331 listed companies by imposing restrictions on trading. Some companies which SEBI named in this list were shockers Prakash Industries Parsvnath Developers J Kumar Infra SQS BFSI JMD Ventures Prakash Industries was one of the companies which gave handsome returns...
Indian Securities Regulator has imposed trading restrictions on 331 listed entities identified as shell companies. A surprise move that was declared by the regulators as the part of a broad crackdown on illegal offshore transfers and tax evasion. The announcement by the Securities Exchange Board of India (SEBI) did not clarified the nature of...
The Directorate of Revenue Intelligence (DRI) is learnt to have unearthed a fraud involving at least half a dozen textile exporters who allegedly laundered at least Rs 200 crore in the last one year and a half. According to sources, some Mumbai-based exporters allegedly laundered the money and fraudulently...
In the month of March'2017, there was a news that almost 54 Chartered Accountants have come under the radar of the Income Tax department and the Enforcement Directorate over money laundering through shell companies. Professional Chartered Accountants are always found to be the center of various shell company related transactions....