The ED alleges that Mr. Saxena, as a “hawala” operator in Dubai, provided accommodation entries in Dubai through numerous entities, known as Matrix Group companies. He allegedly laundered funds in both the cases, which involved transfer of kickbacks allegedly paid in the AgustaWestland deal and alleged diversion of bank loans given to MBIL and its subsidiaries. … [Read more...] about ED attaches assets worth ₹385.44 cr. in chopper deal, MBIL cases
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The value of the villa in Palm Jumeirah (Dubai) is worth 20 million Dirhams and money attached in five Swiss bank accounts is worth US dollars 45.5 million, the ED said in a press statement on Friday. The agency had sent a Letter of Request to Swiss Confederation to restrain his Swiss bank accounts and ensure that Saxena did not transfer or dispose-off the suspected proceeds of crime. … [Read more...] about ED attaches Dubai villa, 5 Swiss bank accounts of AgustaWestland scam accused Rajiv Saxena
“Forbes’ accusation that Kylie and her accountants ‘forged tax returns’ is unequivocally false and we are demanding that Forbes immediately and publicly retract that and other statements,” attorney Michael Kump said in an emailed statement. “We would not expect that from a supermarket tabloid, much less from Forbes.” … [Read more...] about Kylie Jenner reacts after Forbes said she isn’t a billionaire, spun a ‘web of lies’ for her title
NEW DELHI: The Enforcement Directorate (ED) has attached assets worth Rs 385.44 crores belonging to Rajiv Saxena, accused-turned-approver in the VVIP chopper scandal. The ED on Friday said that assets belonging to Saxena have been attached under Prevention of Money Laundering Act, 2002 (PMLA) in Agusta Westland Chopper scandal and Moser Baer Bank Fraud case allegedly involving Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath. The attached assets include a villa in Palm Jumeirah, Dubai worth 20 million AED and balances in five Swiss bank accounts amounting to USD 45.55 million of Rajiv Saxena. ED has alleged that its investigation has revealed that Saxena is a Hawala operator and accommodation entry provider who runs the accommodation entry business in Dubai through numerous companies known as Matrix Group companies and has laundered proceeds of crime in the cases of Agusta Westland Chopper scam and Moser Baer Bank Fraud case. “Rajiv Saxena created … [Read more...] about ED attaches assets of accused-turned-approver Rajiv Saxena in VVIP chopper scandal
The unorganised sector cannot carry on because they have very low income, low savings. They are living in crowded conditions so they cannot practise physical distancing, they don’t have clean water. The imperative of the lockdown was they should have been provided with food wherever they were, allowed to migrate if they wanted to, those left behind should have been decongested to school buildings, tents etc. Unorganised businesses should have been supported so they don’t collapse because of lack of working capital. This is what I call a survival package. Because if half the population - if 200 million lost jobs, that means 800 million people are below the poverty line with zero income. You are in a situation where you have to support the consumption of essentials for 800 million people, decongest them, boost capacity for testing, boost the capacity of hospitals, and prevent businesses from collapsing. As long as you don’t do this, lifting the lockdown would be … [Read more...] about Can India’s workforce have a safe return to business?