Tag: Black money

  • Cong’s Jairam Ramesh retorts to PM Modi’s ‘tempo loads of cash’ remark ‘Take action against Adani, Ambani’ – The Economic Times Video

    Congress Rajya Sabha MP and Communications in-charge, Jairam Ramesh launched a fresh attack on PM Modi over ‘tempo loads of cash’ remarks on May 19. Jairam Ramesh accused PM Modi of misusing ED, CBI, and IT against the opposition. Congress leader asked the PM to take action against Adani and Ambani for giving black money to the Congress. Jairam Ramesh said, “The way ED, CBI, and I-T are being misused by the Modi government, this has never happened before. PM Modi made the ED arrest Hemant Soren and Arvind Kejriwal and put them in jail. PM Modi himself says that Adani and Ambani took black money in tempo to Congress office, so why is he not initiating a probe against them?”

  • Congress dares PM to investigate Ambani, Adani for ‘distributing’ black money to it

    New Delhi: The Congress on Thursday challenged Prime Minister Narendra Modi to use his investigating agencies like the CBI and the ED to probe the charges he has levelled against businessmen Ambani and Adani that they were distributing sacks full of black money in tempos. Congress spokesperson Supriya Shrinate claimed that the prime minister was never seen so weak and desperate that he ended up making great revelations about corruption in the country and exposing his own friends.

    She was referring to the charge on Wednesday made by prime minister who, for the first time during Lok Sabha poll campaign, accused the Congress of having a “deal” with “Ambani and Adani”, and asked if the party has received “tempo loads of black money” from the two industrialists for its leader Rahul Gandhi to stop “abusing” them.

    Shrinate pointed out that Rahul Gandhi has been saying the same thing for the last 10 years that the big businessmen possessed black money but the prime minister was not taking action against them. She said, the prime minister has gathered the courage and admitted about it. She asked when will the prime minister use his agencies like the CBI, the ED and the Income Tax to probe these charges. AllUttar PradeshMaharashtraTamil NaduWest BengalBiharKarnatakaAndhra PradeshTelanganaKeralaMadhya PradeshRajasthanDelhiOther States “The prime minister of this country has never been so weak, helpless and desperate before. Yesterday, Narendra Modi showed courage and made a big revelation on corruption. “The PM got this courage by looking at Rahul Gandhi, who is fearlessly exposing corruption, speaking out against the corrupt with great vigour and exposing Adani and Ambani. It was with this courage that Narendra Modi made such a big disclosure about corruption,” she said. Shrinate charged that looking at his upcoming defeat, Prime Minister Modi made serious allegations of corruption. “Now that it has been revealed then what is there to fear from? Get it investigated… Get raids conducted at your friends’ places. The irony is that the prime minister is making allegations but the investigating agencies and the media are stunned. Don’t be afraid… Get it checked. We will support you,” she told reporters.

    Several Congress leaders put out video messages on their social media handles asking when will Prime Minister Modi order investigation against Adani and Ambani after his big allegation.

    Shrinate also said the Congress wants to assure the people that they should not be scared.

    “Narendra Modi created 22 billionaires. We will create crores of ‘lakhpatis’, and that is our promise,” she claimed.

    The Congress leader claimed that the revelations made by Prime Minister Modi on corruption have created a stir in the entire BJP and the government.

    “The people are scared because they know that when Modi Ji can sacrifice his close aides after seeing the defeat then where do they stand,” she alleged.

    She claimed that even those officers who were working on Modi’s instructions are scared. All of them have understood that the government is about to change, she said.

    “There is a clear writing on the wall that neither the BJP is going to form the government at the Centre on June 4 nor is Narendra Modi becoming the prime minister again,” she said, adding that this has already become clear in the first three phases of polling.

    In a change of narrative on the ‘Ambani-Adani’ issue, which was until now used by the Congress to attack Modi and his government at the Centre, the prime minister also demanded that the party should explain to the people why it has stopped raising the issue as its ‘Shehzada’ (Rahul Gandhi) used to do for the past five years and asked if it has struck a ‘sauda’ (deal).

    The Prime Minister also said, “Certainly something is fishy. For five years, (they) abused Adani-Ambani and it stopped overnight. It means you have received some tempo loads of ‘chori ka maal’ (loot)… Kaale dhan ki kitni boriya bharkar ke rupaye maare hain (how many sacks of black money you have taken)? You have to answer the nation.”

  • From where has the money come? asks Gujarat minister on AAP ‘deal’

    Express News Service

    AHMEDABAD: The report carried by this paper on AAP’s suspected hawala scandal is true, Gujarat Home Minister Harsh Sanghvi said on Saturday.“Black money was sent by AAP to Gujarat through hawala & angadia from Delhi, Punjab and other means. This money has been caught in Bardoli, Ahmedabad, and other places. Their (AAP) Bardoli candidate has accepted that this money came from Delhi AAP’s office,” Sanghvi said.

    “He received the cash through an angadia. From where has this money come? This question should be asked to AAP leaders,” Sanghavi said. A statement sent to this newspaper by AAP spokesman Pritam Singh said: “AAP has nothing to do with any such money. The AAP candidate has not given any such statement. It is an attempt by BJP to tarnish the AAP image due to the growing graph of the party in the state. The BJP has become very desperate and will resort to similar dirty tricks in the next one month.”

    However, this newspaper stood by its story and took AAP candidate Rajendra Solanki’s statement given to the police on October 17. In the statement, he accepted in writing: “He (Saurabh) said that the money was received by him from an angadia (hawala operator). The money was meant for the expenses of the party event.”

    Police sources said the Anti-Terrorism Squad, the Income Tax and the state’s Special Operation Group are investigating the individuals in various cities of Gujarat in which transactions worth crores of rupees have reportedly surfaced. An official said: “We have detected some more cases of hawala through angadia in Ahmedabad as well. The investigation is going on, he added.

    “So far we have come to know that Saini, a Punjab resident, and another person, Rudra Pratap, a resident of Bihar, a resident of Madhya Pradesh, a person named Kumar from Haryana, and Sehjad from Delhi have been interrogated in connection with hawala links,” he said.

    AHMEDABAD: The report carried by this paper on AAP’s suspected hawala scandal is true, Gujarat Home Minister Harsh Sanghvi said on Saturday.“Black money was sent by AAP to Gujarat through hawala & angadia from Delhi, Punjab and other means. This money has been caught in Bardoli, Ahmedabad, and other places. Their (AAP) Bardoli candidate has accepted that this money came from Delhi AAP’s office,” Sanghvi said.

    “He received the cash through an angadia. From where has this money come? This question should be asked to AAP leaders,” Sanghavi said. A statement sent to this newspaper by AAP spokesman Pritam Singh said: “AAP has nothing to do with any such money. The AAP candidate has not given any such statement. It is an attempt by BJP to tarnish the AAP image due to the growing graph of the party in the state. The BJP has become very desperate and will resort to similar dirty tricks in the next one month.”

    However, this newspaper stood by its story and took AAP candidate Rajendra Solanki’s statement given to the police on October 17. In the statement, he accepted in writing: “He (Saurabh) said that the money was received by him from an angadia (hawala operator). The money was meant for the expenses of the party event.”

    Police sources said the Anti-Terrorism Squad, the Income Tax and the state’s Special Operation Group are investigating the individuals in various cities of Gujarat in which transactions worth crores of rupees have reportedly surfaced. An official said: “We have detected some more cases of hawala through angadia in Ahmedabad as well. The investigation is going on, he added.

    “So far we have come to know that Saini, a Punjab resident, and another person, Rudra Pratap, a resident of Bihar, a resident of Madhya Pradesh, a person named Kumar from Haryana, and Sehjad from Delhi have been interrogated in connection with hawala links,” he said.

  • ‘Wasn’t it PM’s promise to bring back black money?’ Rahul on jump in Indians’ funds in Swiss banks

    By PTI

    NEW DELHI: The Opposition on Friday attacked Prime Minister Narendra Modi over funds parked by Indian individuals and firms in Swiss banks jumping to a 14-year high in 2021, with Congress leader Rahul Gandhi asking wasn’t it the PM’s promise to bring back every rupee of black money stashed abroad.

    Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year high of 3.83 billion Swiss francs (over Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while customer deposits rose as well, annual data from Switzerland’s central bank showed on Thursday.

    Tagging a screenshot of a media report on the annual data of Switzerland’s central bank, Gandhi said in a Facebook post, “Wasn’t it the Prime Minister’s promise to bring back every Rupee of black money stashed abroad?” Senior Congress leader and Leader of Opposition in Rajya Sabha Mallikarjun Kharge also attacked the government over the issue, saying the deposits of Indians in Swiss Banks have more than doubled since 2014.

    “Modi Ji’s suit-boot friends are now hiding more wealth in foreign accounts than ever before,” he said on Twitter.

    On its official Twitter handle, the CPI(M) said Prime Minister Modi promised to bring back all the black money stashed in foreign banks within 100 days of coming to power in 2014 and then again within 50 days of demonetisation in 2016.

    “Now after 8 years of Modi rule, Indian funds in Swiss banks at 14-year highs at (Rs) 30600 crs,” it said.

    TMC’s Rajya Sabha MP Jawahar Sircar said on Twitter, “Didn’t Modi repeatedly swear to bring back all Black Money stashed abroad?” The Aam Aadmi Party also took a dig at the Centre over the rise in funds parked by Indian individuals and firms in Swiss banks, saying “Modi hai toh mumkin hai.”

    Hitting back at those criticising the government, BJP spokesperson Shehzad Poonawala tweeted, “Myth vs Facts, Every year this data comes out and every year there are those who need their concepts/myths cleared. All money in Swiss bank accounts is not black money. A lot of it is parked there for legitimate business reasons.”

    The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700 crore) at the end of 2020, marks the second consecutive year of increase.

    Besides, the money held in Indian customers’ savings or deposit accounts rose to a seven-year high of about Rs 4,800 crore, reversing a two-year declining trend.

    These are official figures reported by banks to the SNB and do not indicate the quantum of the much-debated alleged black money held by Indians in Switzerland.

    These figures also do not include the money that Indians, NRIs or others might have in Swiss banks in the name of third-country entities.

  • Rs 20,353 crore undisclosed credits detected in Panama, Paradise paper leaks: Govt

    By PTI

    NEW DELHI: The government on Tuesday said undisclosed credits amounting to Rs 20,353 crore have been detected with respect to 930 India-linked entities in the Panama and Paradise Paper Leaks.

    Replying to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also informed that taxes collected so far amount to Rs 153.88 crore in the Panama and Paradise Paper Leaks.

    “As on October 1, 2021, total undisclosed credits amounting to Rs 20,353 crore have been detected with respect to 930 India linked entities in the Panama and Paradise Paper Leaks,” the minister said in a written reply.

    He said tax department takes appropriate actions in case of persons, who are found to be involved in violation of the provisions of various Acts administered by the Income Tax Department like the Income Tax Act, 1961, and Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act,2015 etc.

    “Such actions under direct tax law include searches and seizure, surveys, enquiries, assessment and reassessment of income, levy of taxes along with interest, levy of penalties, filing of prosecution complaints in criminal courts, wherever applicable,” he said.

    In 52 cases of Panama and Paradise Paper Leaks, criminal prosecution complaints have been filed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

    Further, in 130 cases proceedings under Black Money (Undisclosed Foreign Income and Assets) and Imposition of tax Act, 2015 have been initiated.

    Some Indian names have been released in the media which are allegedly linked to the Pandora Papers Leak.

    Chaudhary further said the government has taken cognisance of the same and for the purpose of coordinated and speedy investigation brought the Pandora Papers Leak under the umbrella of Multi Agency group (MAG).

    The MGA has been constituted under the convenor-ship of Chairman CBDT, with Directorate of Enforcement, Reserve Bank of India, Financial Intelligence Unit India and Foreign Tax and Tax Research division of CBDT as its members agencies.

    Further, investigation is under progress, the minister added.

  • Bring white paper on black money stashed abroad: Congress to govt

    By PTI
    NEW DELHI:The Congress on Friday demanded that the government make a full disclosure of the nature of black money and names of the individuals who have stashed it in Swiss banks, and asked it to bring a white paper on how much of it has been brought back to the country in the last seven years.

    Congress spokesperson Gourav Vallabh said the government should also come out with a complete list of measures that it has undertaken to check the stashing of black money in foreign banks.

    The demand came after Switzerland’s national bank — Swiss National Bank (SNB) — released data of funds parked in Swiss banks that showed that deposits by Indians increased to 286 per cent in 2020, the highest in the last 13 years.

    Congress’s chief spokesperson Randeep Surjewala also demanded answers from Prime Minister Narendra Modi on his promise to bring back black money and shared a video of the PM before he assumed power.

    “Money deposited in Swiss banks is now Rs 20,700 crore. 286 per cent increase between the year 2019-20, the maximum money in Swiss banks in last 13 years.

    “Modiji please reply — What happened to the promise to bring back black money in three years? It’s been seven years now. Is there no will power or money belongs to friends?” he asked on Twitter.

    Vallabh said the divide between the rich and the poor has widened in the country under the Modi government as this disclosure comes at a time when the Centre for Monitoring Indian Economy (CMIE) says close to 97 per cent Indians became poorer during the last year and on the other hand, the data of funds in Swiss banks for 2020 shows another side.

    “The Congress party demands that the Modi government provide a full disclosure of the nature of this money, the names and details of individuals who have stashed money in Swiss banks in the last year.

    “We demand that the Modi government bring a white paper providing details of how much black money has been brought back and from which country in the last seven years.

    “It should also come out with a complete list of measures that it has undertaken to check the stashing of black money in foreign banks,” he told reporters at a virtual press conference.

    Vallabh said in the last seven years, the government has been all talk and no action.

    “Why is the Modi government not prepared to share the names of the individuals who have moved money to Swiss banks in the last year? While 97 per cent Indians have become poorer, who are these people who are availing ‘aapda mein avsar’ (opportunity in disaster).

    “With such tall promises in 2014, what are the attempts being made by the government to bring back black money and how much black money has been brought back and from which country in the last seven years? What has the Modi government done to control the stashing of black money in foreign accounts?” he asked.

    Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, the annual data from Switzerland’s central bank showed.

    The increase in the aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years.

    It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has mostly been on a downward path, except for a few years including in 2011, 2013 and 2017, according to the SNB data.

    Vallabh alleged that a bigger revelation comes from the data of the Bank for International Settlement (BIS), which says deposits by Indian individuals in Swiss banks rose by 39 per cent in 2020 as compared to 2019.

  • Article :- Notabandee Kee Vajah se Soniya-Rahul Jamaanat Par aur Band hua Unaka Kaarobaar

    Today’s news: 5.78 crores looted by moving trains, cash bonds of Rs 2 crores to be burnt.

    During the assembly elections in 5 states, there is a continuation of war between the leaders. Congress President Rahul Gandhi, in his last several rallies, Prime Minister Narendra Modi’s fiercely controversial issue. Just two years have passed since the ban on bondage, on which Rahul had alleged that the Prime Minister no longer speaks on the ban on bondage.
    Addressing a rally in Chhattisgarh’s Bilaspur on Monday, the prime minister reversed Rahul Gandhi’s fiercely. Prime Minister Narendra Modi said, “These people are seeking account of bank slip; today the fake companies were caught because of the ban on account of which your business was caught and you had to go on bail”.
    The Prime Minister said that the mother and son who are roaming on rupees of money, are giving certificates to Modi today. He said that the money was already for development, but first people were buried under the bed. Because of this ban on rupee, the rupee has come, due to which the development is going on today.
    Mr. Modi said that a prime minister (Rajiv Gandhi) of the Congress had said that one rupee comes from Delhi, then 15 paisa reaches out to which the claw takes 85 paise in the middle. He said that the money came out because of the ban on bondage.
    2.24 lakh fake companies closed after the ban
    After the ban, the bogus of shawl companies came to a halt. After that, a total of 2.24 lakh companies have been closed. There was no work in these companies for the past two years.
    The government had decided to ban the ban on black money. As many as 2.24 lakh companies have closed down so far.Always 3.09 lakh directors have been disqualified.Only 56 banks have got information of 35,000 companies. These companies have 58000 bank accounts. After the ban, 17,000 crores have been deposited and withdrawn in these accounts.

    November 13, 2018: Debate will continue to debate on how much the country has benefited from the banquo. But there is an interesting incident related to this ban on screening. In 2016, five robbers looted millions of rupees from a train. But before the rupee could spend it, the ban was imposed in the country before it could be spent. For this reason their crores of rupees became useless According to the robbers, he burned two million rupees, because he could neither use it nor deposit it in the bank. According to a report of The Hindu, this incident is related to Tamil Nadu. Five robbers involved in this have been sent to jail after police custody.
    According to the report, on August 8, 2016, 342 crores rupees were being sent from Indian Overseas Bank to the Reserve Bank of Chennai office. H Mohar Singh, Russian Purdi, Mahesh Pardhi, Kalia alias Krishna and Bultia looted from the same amount of Rs 5.78 crore. According to the police, Mohar Singh was a resident of this gang of Gunna in Madhya Pradesh. All the robbers came to Tamilnadu in 2016 with the same He told the police that they all had their place at many places like railway stations, train tracks and under bridges. But PM Modi announced the ban on November 8, 2016 In this he banned 500 and 1000 notes.
    After two years of grief, the police has arrested this gang. After this all these people disclosed this whole incident.
    Chief gangster Mohar Singh of this gang came to know that a large amount of cash is sent from Salem-Chennai Express. Only then was it planned to rob it. Three companions were put on the train to keep an eye on the train. He traveled on this train for many days. After this he planned a robbery in it. These robberies were cast between Virudchalam and Chinasalam stations. On the day of robbery Mohar Singh goes to the train with his 4 companions. After this Mohar Singh goes to the roof of parcel van with his colleagues. Here all holes on the roof. From here he goes inside the coach. Break the wooden boxes kept there and take out the cash.
    Fill it in a cloth and throw it to a certain place. Here a colleague is already stationed. He raises that money. Here, these robbers jump off the train after getting the chance. After this the accused returned to Madhya Pradesh. It is being said that before the ban was imposed, they purchased land property of 1.76 crore. They divided the remaining rupees among themselves. But after a few days the ban was imposed. After this, they burned two crore rupees.