Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: empanelment :: TDS :: cpt :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India
News Headlines »
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly

ED books Raju, Satyam under money laundering law
April, 06th 2009

The Enforcement Directorate (ED) has registered a case against Satyam Computer Services and its tainted founder-chairman, B Ramalinga Raju, for alleged money laundering.

The ED says it has prima facie evidence that Raju and others have violated the Prevention of Money Laundering Act.

ED sources alleged Raju diverted Satyam funds for purchasing nearly 50 plots at Medchal and Qutbullahpur near Hyderabad. Several hundred crore rupees are also said to been diverted from the accounts of Satyam and invested in purchasing land and other infrastructure for Maytas, promoted by the Raju family.

The directorate will now ascertain the authenticity of deals done by Satyam, including payments made to acquire companies abroad. It will send a team to some countries to investigate and get the documents of the alleged bank accounts opened in violation of Indian laws. It is also examining if some bank accounts were opened by the Satyam group in tax havens to re-route money back to India as investment in Maytas, according to sources.

Along with the Serious Fraud Investigation Office and the Registrar of Companies, it is trying to ascertain the antecedents of a Mauritius-based company allegedly used to channelise money to Maytas.

The ED may also look into non-repatriation of proceeds of exported goods, unauthorised accounts in foreign countries, under-invoicing of exports, over-invoicing of imports and any kind of invoice manipulation, siphoning of foreign exchange through fictitious and bogus imports and illegal acquisition of foreign exchange through the hawala route.

B Ramalinga Raju, the sources claimed, had confessed during investigations to using the Satyam money to buy prime land in and around Hyderabad, a process that had been going on for three years.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions