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  • Mallya, Lalit Modi fraud case: CBI denied sharing expense details

    Vijay Mallya

    Photo Courtesy: Internet

    While claiming immunity from disclosures under the RTI Act, CBI has refused to share details of expenses incurred to bring back to India fugitive businessmen Lalit Modi and Vijay Mallya.

    Pune-based activist Vihar Dhurve had approached the agency asked for the details of expenses incurred by the government to bring back Mallya, wanted in India on charges of Rs 9,000-crore fraud and Modi, who is facing a money laundering probe.

    Both Modi and Mallya have denied allegations of their wrongdoings.

    Mallya had fled the country in March, 2016 after the CBI diluted its lookout circular against him.

    After which the agency has sent its team manya times to London for the embattled liquor tycoon.

    The RTI application was forwarded to the CBI by the Finance Ministry. The agency transferred it to the Special Investigation Team (SIT) looking after these cases.

    In its response to the RTI plea, the CBI said it is exempt from making any disclosures under the RTI Act through a government notification of 2011.

    According to Section 24 of the RTI Act, a few organisations are exempt under the transparency law.

    However, the Delhi High Court had earlier underlined that organisations listed under Section 24 cannot claim exemption from disclosure if the information pertains to "allegations of corruption."

    (With agency inputs)

  • PBN scam: I-T joined Nirav's 29 Properties, 105 Bank

    Nirav Modi

    Photo Courtesy: Internet

    The Income Tax Department Friday provisionally attached 29 properties and 105 bank accounts of beleaguered jewellery designer Nirav Modi the diamond merchant, his family and firms as part of its tax evasion probe, officials said.

    Adding further, the department also slapped the new anti-black money act against him for allegedly holding illegal assets abroad.

    The asset is suspected to be in Singapore. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 deals with cases of overseas illegal assets, which till recently were probed under the Income Tax Act, 1961.

    The new legislation has provisions for a steep 120 per cent tax and penalty on undisclosed foreign assets and income, besides carrying a jail term of up to 10 years.

    The taxman also filed a charge sheet against Nirav Modi before a special court in Mumbai under various sections of the Income Tax Act, 1961.

    (With agency inputs)