Rashmi Rajput

Goods and services tax authorities have sent notices demanding unpaid GST from more than 20 insurance companies, including HDFC Ergo and Star Health. The Directorate of GST Intelligence found these insurers provided services to SEZ employees and their families without paying IGST, leading to ₹2,000 crore in dues. Companies received show-cause notices after their explanations were deemed unsatisfactory.

In a move that could open a Pandora's box and spark an outcry from Corporate India , Mahindra & Mahindra has been served a notice from the office

Synopsis The Enforcement Directorate (ED) has summoned Dabur India chairman Mohit Burman and three independent directors from Care Health Insurance in connection with a money laundering investigation related to the Burman family's open offer for Religare Enterprises (REL). The probe, sparked by complaints from REL shareholder Vaibhav Gawli, is examining whether funds from Religare Finvest were improperly funneled into the open offer. The Burman family welcomes the investigation, asserting that their offer was compliant with regulations and beneficial to shareholders. The Economic Offences Wing (EOW) of Mumbai police is also investigating, with some discrepancies noted in the complainant's allegations.

The Enforcement Directorate (ED) has summoned Dabur India chairman Mohit Burman and three independent directors from Care Health Insurance in connection with a money laundering investigation related to the Burman family's open offer for Religare Enterprises (REL). The probe, sparked by complaints from REL shareholder Vaibhav Gawli, is examining whether funds from Religare Finvest were improperly funneled into the open offer.

The Mahadev scam, revealing extensive illegal online betting networks, is far from resolved despite some progress. The Enforcement Directorate (ED) is now investigating over two dozen offshore gaming apps involved in massive financial crimes, with losses potentially exceeding Rs 1 lakh crore. These apps often use cryptocurrencies and fake transactions to launder money, making them difficult to trace. Despite efforts, new apps quickly replace those shut down, complicating enforcement. To tackle this issue, experts call for stricter regulations and better coordination among agencies.

The Enforcement Directorate conducted searches at multiple premises linked to senior officials of Religare Enterprises, seizing documents related to allegations of fund siphoning from Religare Finvest. The investigation stems from a complaint alleging financial misconduct by former promoters and current officials. This has led to further scrutiny, including summoning Dabur India chairman.

The collapse of Chhatrapati Shivaji Maharaj's statue in Sindhudurg has sparked a blame game between the BJP-led Maharashtra government and the Indian Navy. Defence sources claim that a detailed maintenance schedule was shared with state authorities, but periodic checks were allegedly neglected, leading to rusting and eventual collapse.

The government has banned over two dozen websites involved in laundering money from illegal offshore betting apps posing as ecommerce and forex trading portals. The Enforcement Directorate's investigation revealed a ₹10,000 crore crime network involving fake ecommerce sites, forex platforms, and illegal payment aggregators operating from Spain, Dubai, Russia, and Pakistan.

The Directorate of Enforcement (ED) has sought Spain's assistance to investigate Octafx, a forex trading app accused of money laundering using Sebi-regulated funds. Owned by Russian Pavel Prozorov, Octafx operates globally with servers in Barcelona and other links in Cyprus, Singapore, and more. The app reportedly made Rs 800 crore in profits from India within nine months. ED suspects illegal fund transfers and unethical practices by the platform.

Moves letter rogatory under PMLA to get evidence from Barcelona servers.