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Showing posts with the label Money laundering

White-collar crime: Losses from frauds rise 80% from last year, says survey

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White-collar crime: Losses from frauds rise 80% from last year, says survey The survey pointed that 3,766 cases of fraud were detected in FY19, a 15 per cent spike from a year ago Current Affairs News :Professional wrongdoing has crawled into all enterprises particularly budgetary, pharmaceutical, data innovation and assembling with rising cases of illegal tax avoidance, tax avoidance, theft, protections, charge card and protection cheats, as indicated by an ongoing study by Netrika Consulting and Indian National Bar Association. The overview pointed that 3,766 instances of extortion were identified in FY19, a 15 percent spike from a year back; misfortunes brought about because of cheats rose by 80 percent. What are professional offenses? • Non-rough criminal acts perpetrated by individuals from a higher social class, for example, wage robbery, tax evasion, copyright encroachment, among others • 83% of respondents concur that salaried lawbreakers embrace a blend of gif...

Nirav Modi to appear via videolink for UK remand hearing

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Nirav Modi to appear via videolink for UK remand hearing The 48-year-old, who is fighting extradition to India at Westminster Magistrates’ Court, is expected to be given a confirmed date for his trial, expected in May next year Current Affairs  :- Outlaw diamantaire Nirav Modi, needed regarding the about $2 billion Punjab National Bank (PNB) extortion and tax evasion case, will show up under the watchful eye of a UK court through videolink from his London jail on Thursday for a standard bring over remand hearing. The 48-year-old, who is battling removal to India at Westminster Magistrates’ Court, is relied upon to be given an affirmed date for his preliminary, expected in May one year from now. No advancement today, I’m apprehensive, Judge Tan Ikram said at the keep going bring over hearing on August 22, as he gave headings for the court agent to look for an affirmation of the proposed five-day removal preliminary to begin on May 11, 2020. There is additionally pr...