Enforcement Directorate - Electronic Gurudev

In a big setback to RJD, Enforcement Directorate arrested chartered accountant allegedly linked to former Bihar chief minister Lalu Prasad Yadav’s daughter Misa Bharti in Rs 8,000 crore PMLA cases. The CA, Rajesh Agarwal, has been arrested under provisions of the Prevention of Money Laundering Act (PMLA) and will be produced in court today, officials said. Agarwal was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds. These included those being probed by the Income Tax Department in the Rs 1,000 crore dubious land deals case allegedly linked to Rashtriya Janata Dal (RJD) chief Lalu Prasad’s family, they said. The CA, officials said, was also allegedly involved in routing funds for the Jain brothers, Virendra and Surendra,...

Is there a tax loophole that the ex-Finance Minister devised that he himself is taking advantage of? The 200 page Income Tax (IT) report shows that the former Finance Minister P Chidambaram has engaged in a funny deal with his wife Nalini and son Karti. As per the agreements seized in the joint raid of Income Tax and the Enforcement Directorate (ED), there appears to be an inspired scheme to fool the taxman through bogus agreements. After getting out of power in mid 2014, Chidambaram who claims to be a resident in Delhi’s Gymkhana Club enters into curious rent agreement with Nalini and Karti living in Chennai. As per thagreement Nalini and Karti own a floor of a multi-storeyed building having the address 115A at posh Jor Bagh in Delhi. These two owners decided to rent one of the floors ...

Tag: Enforcement Directorate

ED arrests Misa Bharti’s CA in Rs 8,000 crore PMLA scam

Why Chidambaram pays 2 lakh as rent to his wife & son per month for staying in Delhi?