New Delhi, Dec 15 (IANS) Accusing the BJP of encroaching upon a school land for commercial use, Delhi Education Minister Manish Sisodia on Saturday sa...Read more
New Delhi, Dec 15 (IANS) In the wake of defeat by the Congress in Assembly elections in the Hindi heartland, with agrarian crisis as a major poll plan...Read more
New Delhi, Dec 15 (IANS) The Delhi High Court on Monday (December 17) will deliver its order on pleas challenging trial court judgement which has acqu...Read more
New Delhi, Dec 15 (IANS) Rashtriya Lok Samata Party (RLSP) leader Upendra Kushwaha met Congress Treasurer Ahmed Patel here on Saturday amid indicatio...Read more
New Delhi, Dec 15 (IANS) Bhupesh Baghel, who is credited with playing a crucial role in a landslide victory of the Congress in Chhattisgarh, is unders...Read more
New Delhi, Dec 15 (IANS) The Congress on Saturday turned the heat on Narendra Modi government for "lying and misleading" the Supreme Court leading to ...Read more
Lucknow, Dec 15 (IANS) Samajwadi Party (SP) chief Akhilesh Yadav on Saturday said that his party has given up its demand for a Joint Parliamentary Com...Read more
Canberra, Dec 15 (IANS) Australia on Saturday officially recognized West Jerusalem as the capital of Israel after a period of consultations at home an...Read more
Chennai, Dec 15 (IANS) Tamil Nadu Chief Minister K. Palaniswami on Saturday said the state government will go for an appeal against the National Green...Read more
New Delhi, Dec 15 (IANS) The Enforcement Directorate (ED) on Saturday said it has seized assets worth Rs 20.87 crore of Dabur India Director Pradip Burman and properties worth Rs 10.28 crore of Emmar MGF Managing Director Shravan Gupta, for holding assets abroad.
The Directorate said that seizure order was issued pursuant to investigation which revealed that Burman has deposited US$32,12,000 in his account with Zurich branch of the HongKong and Sanghai Banking Corporation (HSBC), in Switzerland.
The agency said in a statement, the money deposited was in contravention of the Foreign Exchange Management Act (FEMA), and the amount had not been remitted to India to date.
The ED said the seizure of assets of Gupta were made for holding US$15,40,650 in HSBC, Switzerland in contravention of the FEMA.
"Investigation conducted so far has revealed that Gupta had parked US$15,40,650 with HSBC, Switzerland and failed to produce any evidence of bringing the entire amount back to India to date," the agency said.