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CBI books 51 entities for transferring black money

Monday, January 6, 2020, 5:49 PM

The CBI has booked 51 entities for allegedly remitting Rs 1,038 crore of black money to Hong Kong during 2014-15, officials said on Monday. It is alleged that 51 entities, mostly owned by Chennai residents, remitted Rs 1,038 crore unaccounted black money to Hong Kong in connivance with unidentified officials of three state-owned banks Bank of India, SBI and Punjab National Bank, they said.
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Finance Ministry refuses to share Swiss account holders' details

Monday, December 23, 2019, 5:35 PM

The Finance Ministry has declined to share the details of Swiss bank accounts held by Indians in response to an RTI query asking for the same. It cited "confidentiality provisions" of a tax treaty signed between Switzerland and India as the reason for its refusal. The ministry also refused to disclose the information received from other countries on black money.
 
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Gold amnesty scheme soon to overcome limited success of earlier IDS

Wednesday, October 30, 2019, 4:06 PM

The government may soon announce an amnesty scheme for gold to bring hordes of black money used in buying the yellow metal considered a safe investment option in India. According to sources, the new amnesty scheme would allow gold hoarders to come clean on investment made using black money by declaring their possession and paying tax on it.