economic offences

Bengaluru, April 7 The Directorate of Revenue Intelligence (DRI) has cracked a major international gold smuggling syndicate operating through Kempegowda International Airport in Bengaluru, according to an official statement.Five people have been arrested so far in connection with the case, and...

New Delhi, April 2 A Delhi court has rejected the bail plea of a man accused of being an active member of a 'digital arrest' scam, holding the material recovered from his possession adequate to prove a prima facie case against him.Additional Sessions Judge Vinod Kumar Gautam was hearing a...

New Delhi/Itanagar, April 2 The Enforcement Directorate (ED) has filed a prosecution complaint before a Special PMLA Court in Arunachal Pradesh under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged fake Input Tax Credit (ITC) racket worth Rs 116 crore, the...

New Delhi, March 31 A Delhi court has refused anticipatory bail to a man involved in hoarding and black marketing of LPG cylinders amid the prevailing LPG situation triggered by the West Asia conflict, as it noted that the investigation requires further custodial interrogation to uncover the...

Bengaluru, March 31 Police said on Tuesday that they had seized counterfeit watches and spare parts of leading brands worth around Rs 25 lakh that were being sold as genuine.The operation was carried out by the Economic Offences Wing (EOW) of the Central Crime Branch (CCB), during which five...

Gurugram, March 28 Directors of a company are alleged to have defrauded another company from which they had taken loans worth crores of rupees. Gurugram Police have arrested one of the directors from Coimbatore, Tamil Nadu, officials said on Saturday.The arrest came following a complaint filed...

Srinagar, March 26 The Economic Offences Wing of the Crime Branch in Kashmir conducted searches at three locations in Srinagar and Budgam districts on Thursday as part of an investigation into allegations of misappropriation of government funds during the COVID-19 pandemic by two individuals...

Srinagar, March 26 – The Jammu and Kashmir Crime Branch said on Thursday that it was conducting house searches in connection with a fraud case during the Covid period, in which large sums of money were misappropriated.A statement from the Crime Branch said that the Economic Offences Wing...

Seoul, March 24 – South Korea approved two prosecution reform bills on Tuesday that would dismantle the current prosecution service later this year, separating its exclusive power to both initiate criminal investigations and indict suspects.Upon enactment, it would mark a sweeping overhaul of...

Mumbai, March 23 The Securities and Exchange Board of India (Sebi) board on Monday approved a proposal for a comprehensive overhaul of the "fit and proper person" framework for market intermediaries to bring greater procedural clarity and fairness to the regulatory process.The proposal...

Bengaluru, February 28 – The Directorate General of Goods and Services Tax Intelligence (DGGI), Belagavi Zonal Unit, has uncovered a large-scale fake Input Tax Credit (ITC) scheme involving fraudulent invoices totaling approximately ₹593 crore. The alleged mastermind has been arrested in...

New Delhi, February 28 A 36-year-old man has been arrested for allegedly defrauding a businessman of approximately Rs 1.37 crore by claiming to be involved in a meat export business, an official said on Saturday.The accused, Mohsin Mohammed, was apprehended from New Rajendra Nagar in Delhi...

Bengaluru, February 27 In a major crackdown on GST fraud, the Belagavi zonal unit of the Directorate General of GST Intelligence (DGGI) has uncovered a fake input tax credit racket worth approximately Rs 593 crore, officials said.The action followed an investigation into a suspicious GST...

Jaipur, February 25 The Rajasthan Cabinet on Wednesday approved a series of key economic and industrial decisions, including the formation of a Revenue Intelligence and Economic Offences Directorate and a new industrial park promotion policy aimed at boosting investment and employment in the...

Jaipur, February 25 – In a significant policy shift, the Rajasthan Cabinet on Wednesday approved the removal of the decades-old two-child norm for contesting elections to the Panchayati Raj and urban local bodies, ending a restriction that had been in place for nearly 30 years.With this...