An official statement, ED has attached movable and immovable properties in the cases of the scheduled offence of Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015.
New Delhi: Enforcement Directorate (ED) has attached movable and immovable properties in the cases of the scheduled offence of Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015, an official statement said here on Saturday.
Under this, the probe agency attached properties worth Rs 3.27 Crore in its ongoing investigation in the matter of Sdundru Bhagwandas Hiranandani.
“Sundru Bhagwandas Hiranandani had undisclosed assets originating from his offshore company incorporated in the British Virgin Islands. The company has bank accounts in Singapore with funds to the tune of Rs 3.27 Crore”, the ED said, adding that further investigation, in this case, was in progress.
Similarly, while investigating a money laundering case, it was found that R P Mansinghka has “the beneficial interest/ownership in foreign assets, company, account and failed to disclose the same in his return of income filed before the Income Tax Authorities”, the ED said.
The probe agency has provisionally attached an amount of Rs 3 Crore as the equivalent value of ‘proceeds of crime’ pertaining to RP Mansinghka.
ED attaches movable & immovable assets in black money cases
ED attaches movable & immovable assets in black money cases
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