Tag Archives: CBI raids

Prannoy Roy Vs CBI Raids: Issue Turns Uglier?

With Arun Shourie and other journalists supporting Prannoy Roy over the CBI raids on an ICICI Bank default case involving Rs.48 crore, the stark question is whether it was an isolated incident of financial impropriety or muzzling press freedom by the authorities. Ironic but the answer is positive for both. The bank loan issue relates to an old 2008 case ...

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Post-Demonetisation, Swift IT Raids Greet 400 Cases

Income Tax (IT) Department has carried out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016. More than Rs. 130 Crore in cash and jewellery has been seized and approximately Rs.2000 Crore of undisclosed income has been admitted by the taxpayers, said a statement. Detecting serious irregularities beyond the ...

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Iron-ore probe: CBI raids Janardhana Reddy’s associates in Sandur near Bellary

CBI has focused on Hospet-based iron ore exporters who were close associates of Bellary mining baron Gali Janardhana Reddy and his family, as part of the probe into illegal iron ore exports during the 2009-2010 period as directed by the apex court. Teams of the CBI raided houses of Karapudi Mahesh, Swastik Nagaraj and Somasekhar in Sandur taluk near Hospet ...

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