Financial Crimes
Recent Highlights
All Stories for Financial Crimes
Supreme Court strikes down stringent bail provision under Prevention of Money Laundering Act, terms it 'arbitrary'
•The Supreme Court on Thursday struck down a stringent condition for securing bail of a person accused under the Prevention of Money Laundering Act (PMLA).
RBI amends banking ombudsman scheme; to now include complaints on mis-selling, mobile banking from 1 July
Bindisha •The amendments in the Scheme shall come into force from July 1, 2017
Tax evasion: whopping Rs 3000 cr of black money detected in India this yr
Fp Archives •The Central Economic Intelligence Bureau (CEIB), the nodal agency under Finance Ministry for gathering and disseminating intelligence related to financial crimes, has culled out 174 cases between January and July this year involving tax evasion and routing of blackmoney, the sources said today
Financial crimes are pervasive threat to economy, says CBI director
Fp Archives •The "pervasive" threat of financial crimes and corruption is a challenge to the country's economy and global efforts are required to combat this menace, CBI chief Ranjit Sinha today said.
Indian-American activist-attorney appears on Time cover
Fp Archives •Indian-American attorney Preet Bharara has made it to the cover of the Time magazine for his crusade against Wall Street corruption and irregularities including insider trading.
US expands case against ex-Goldman director Gupta
Fp Archives •Federal prosecutors have expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta, saying the illegal activity lasted longer and involved more trades than alleged.
Now, an elite unit to combat financial fraud
Fp Archives •The new unit is a shot in the arm for the Income Tax department which is probing some very high-profile and big-ticket financial transactions in the country and abroad.