Among other major companies, Cox & Kings made a total investment of $39.95 million in four different WOS situated in Hong Kong, Singapore and the UK.
British Virgin Islands, Mozambique, the Netherlands, Mauritius and Singapore were the top five nations where Indian firms made investment of $9.6 billion in the last three years.
In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
IOC ethics committee looks into Rio payment claims
ED has filed a plea before a special court of the Prevention of Money Laundering Act seeking to declare Nitin Sandesara, Chetan Sandesara, Dipti Sandesara and Hitesh Patel fugitives under Section 4 of the Fugitive Economic Offenders Act.
Along with Tyagi, his cousin Sanjiv alias Julie Tyagi and lawyer Gautam Khaitan were also arrested.
The government has questioned two members of Parliament whose names figured among a list of 498 persons with offshore bank accounts in locations like the British Virgin Islands.
It is suspected that some portfolio managers at these banks, which have significant presence in Indian financial markets, could have helped their Indian clients to route their money back into India in disguise of foreign funds through use of investment vehicles across various jurisdictions.
While UBS acted as master client for offshore firms, Sharecorp was a nominee of Indian beneficiaries.
Plans to probe into financial details of more than 500 individuals, entities that might have secret offshore accounts at various places abroad
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
The probe pertains to firms identified as Advantage Strategic Consulting Private Limited and Chess Global Advisory Services Pvt Ltd, where Karti had been a director
A random check of the database for India displays about 22 offshore entities, 1,046 officers or individual links, 42 intermediaries and as many as 828 addresses within the country ranging from the tony and posh locations of metropolitan cities like Delhi, Mumbai, Kolkata and Chennai to mofussil locations like that in Haryana's Sirsa, Bihar's Muzaffarpur and Madhya Pradesh's Mandasaur and state capital Bhopal.
The United States has forfeited properties worth US$ 2.1 million which were allegedly purchased with the proceeds of bribes paid to the family of former Taiwanese president, Chen Shui-bian.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
The list includes Gautam Adani's brother Vinod Adani among others.
RBI, Enforcement Directorate to see if money was sent to tax haven
After filing a charge sheet against Y S Jagan Mohan Reddy for alleged abuse of his official position, the Central Bureau of Investigation has sent a request to various countries seeking their assistance in probing alleged transfer of funds by the son of former Andhra Pradesh Chief Minister, a charge denied by him.
Switzerland says it is not a tax haven.
Outbound foreign direct investment last month was almost 47 per cent less than the $2.74 billion in November, according to the Reserve Bank data released on Wednesday.
The investment to the country from India, which has been at the top of the 2009-10 list of the destinations to which Indian investment is flowing, was $3798.5 million.
Let's take a look at the fabulous life of the flamboyant business magnate who recently turned 63.
Finance Minister Pranab Mukherjee on Friday said the agreement signed with Switzerland for sharing banking information on demand is likely to come into force by September.
Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.
Chelsea confirmed the appointment of Portugal's Andre Villas-Boas as their new manager on Wednesday as the 33-year-old, who resigned from Porto on Tuesday, agreed to a three-year contract. A fact file on the manager.
Lakshmi Narayana, deputy inspector general of police, CBI said as per the apex court directives, the number of documents supporting the charge sheet which were about 3,067 have also been reduced to a thousand-odd.
Less than one year after Spain beat the Netherlands to win the World Cup, the circus starts again on Wednesday although the opening match of the 2014 qualifying tournment will cause barely a ripple. Tiny Montserrat, who have won only two international matches, is scheduled to face Belize on neutral territory in a match which will be a far cry from last year's game at Soccer City, watched by an estimated 700 million television viewers.
The Central Bureau of Investigation will file its final chargesheet on Rs 14,000-crore (Rs 140 billion) Satyam fraud after receiving responses to the Letters of Rogatory (LoR) seeking information in this regard from six countries, Parliament was informed on Thursday.
Amid raging debate on Indians having black money in overseas tax havens, these statistics show that more nations, especially tax havens, are willing to share details on tax-related issues.
The government may have to wait a little longer to get a trail of illegal money stashed by Indians in Liechtenstein.
Under fire over allegations of foreign exchange violations in IPL, BCCI's top officials o Wednesday blamed sacked Commissioner Lalit Modi for "mistakes" as they told a Parliamentary panel that they had given approvals at his behest in "good faith".
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
India signed a Tax Information Exchange Agreement with Bermuda on Thursday, the first in a series of such pacts.
Foreign contingents continued to drop in with nearly 1100 athletes, officials and technical staff from different nations arriving on Sunday for the October 3-14 Commonwealth Games.
The country's outward FDI showed a bigger decline of 52.7 per cent for the January-March quarter.
The court had earlier asked Raju's lawyers to file an affidavit on whether the Satyam founder can be examined through a questionnaire.
"We have acquired Shadeed Iron & Steel (Shadeed) which has 1.5 MT Hot Briquetted Iron (HBI) facility located in Sohar, Oman. The deal is closed," JSPL Director Sushil Maroo told PTI.
The CBI counsel argued that if Raju and Srinivas were permitted to operate laptops they could get access through wireless internet to anybody and destroy the evidence of prosecution.
Top officials of the Central Bureau of Investigation are in Mauritius as part of the investigation into the multi-crore Satyam scam, which its founder B Ramalinga Raju confessed to in January.
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