Indian Premier League Season 6 seems to be more controversial for franchise Rajasthan Royals as the Enforcement Directorate has slapped a notice of Rs 100 crore on it for allegedly violating the Foreign Exchange Management Act (FEMA). Read more
Tag: Enforcement Directorate
Black Money Case: Real Estates are the top violators
As per latest report of Economic intelligence agencies, the major sector that dealt with transformation of black money is real estate of India.
In the Central Economic Intelligence Bureau (CEIB), Income Tax (Intelligence) and the Directorate General of Excise Intelligence report, send to Finance Ministry, real estate sector of the country is the head of generating illegal funds and black money. Read more
2G scam: ED registers case against Dayanidhi Maran
Time is going to be more difficult for former Union Minister Dayanidhi Maran as the Enforcement Directorate has registered a money laundering case against Dayanidhi Maran and his brother Kalanidhi in granting telecom licences in 2004-05.
As per report, the case registered under the Prevention of Money Laundering Act (PMLA), over an illegal gratification of Rs 550 crore, accepted through Kalanidhi in the Aircel-Maxis deal.
Reportedly, a contract between Anantha Krishnan –owned Maxis Communication and Sivashankaran-owned Aircel had dealt to invest Rs 550 crore in Sun TV and Sun DTH. In return Maxis got a stake of Aircel. Read more
