economic offences

Income Tax dept recovers Rs 44 cr from commodity traders

In the largest ever cash seizure, the Income Tax department today said it has recovered Rs 44.2 crore of unaccounted money from three Delhi-based commodity traders. "In search and seizure actions conducted by the Income Tax department on January 18 a
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EX Satyam Chairman Mr B. Ramalinga Raju finally appears before the court

Mr B. Ramalinga Raju finally made a brief appearance on Tuesday before the special trial court going into the Satyam scam, managing to avoid media glare. It is nearly a year since the former founder and ex-chairman of Satyam Computer Services has been under treatment for Hepatitis C at the Nizam's Institute of Medical Sciences and consistently citing medical grounds for not appearing for trial.
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Satyam ex-directors being prosecuted on issue of head count

The head count in the fraud hit Satyam Computers, which engaged the attention of investigating agencies considerably, is now become the curse for the company’s former directors.A charge common to most of the accused in the complaints filed in a court here by the Serious Fraud Investigation Office (SFIO) is that they approved the company’s balance sheets and the director’s reports about particulars of employees that were never filed with the competent authority.
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