Real Estate
Taxman Gains More Power to Tackle Benami Property Deals
A CBDT panel has proposed stricter measures to combat benami property deals, including access to Aadhaar data and property registries, to enhance the I-T department's ability to identify and confiscate benami assets.
Real Estate
Solapur Lawyer Arrested for ₹100 Crore Fake GST ITC and Shell Companies Scam
The Directorate General of GST Intelligence (DGGI) has arrested a practicing lawyer, Sajid Ahmed Sheikh, in Solapur for orchestrating a ₹100 crore fake GST invoice scam. The investigation has uncovered a network of 30 shell companies and is expanding to include more suspects.
Real Estate Mumbai
Solapur Lawyer Arrested in ₹100 Crore Fake GST Invoice Scam
The Directorate General of GST Intelligence (DGGI) has apprehended a Solapur-based lawyer for operating a massive ₹100 crore fake GST invoice racket. The accused, Sajid Ahmed Sheikh, created a network of 30 shell companies using forged documents to claim fraudulent input tax credits (ITC).
Real Estate
From IT Parks to Phantom Projects: Promoter of Unnati Group Arrested in ₹165 Crore Loan Fraud
The arrest of the promoter of Unnati Group in a ₹165 crore loan fraud case has brought to light the systemic abuse in real estate and IT park projects. With multiple buyers cheated and stalled constructions, the case highlights the need for stricter regulations.
real estate news
Unveiling the Noida Real Estate Scandal: Shell Companies, Fake Loans, and Deceived Buyers
The Noida real estate market has been marred by a series of scandals involving shell companies, fake loans, and deceived buyers. This article delves into the background, the players involved, and the impact on homebuyers.
real estate news
Unveiling the Noida Real Estate Scandal: Shell Companies, Fake Loans, and Betrayed Buyers
Homebuyers in Noida, India, were shocked to discover a web of deceit involving shell companies, fake loans, and real estate developers. This article delves into the intricate details of the scandal and its far-reaching consequences.
Real Estate
Uncovering the Noida Real Estate Scandal: Shell Companies, Fake Loans, and Betrayed Buyers
The Enforcement Directorate (ED) has unveiled a major real estate scam in Noida, involving shell companies, fraudulent loans, and countless betrayed homebuyers. The investigation, spanning multiple locations in Agra, Meerut, Noida, and Delhi, has shed light on the intricate web of deceit.
Real Estate
ED Seizes Properties Worth Rs 100 Crore Belonging to MLA Vaithilingam in Money Laundering Case
The Enforcement Directorate (ED) has attached properties worth Rs 100 crore linked to MLA Vaithilingam, following a thorough investigation into a real estate project. The probe revealed a systematic modus operandi involving the use of shell companies and
Real Estate Mumbai
Uncovering Shell Companies: ED's Search Operation in Mumbai Exposes Amtek Group's Money Laundering Web
The Enforcement Directorate (ED) has seized documents of hundreds of shell companies used to hold and invest in high-value real estate and luxury properties, uncovering a massive money laundering probe involving the Amtek Group.
Real Estate
ED Raids Amtek Group's Premises in Delhi-NCR, Mumbai, Nagpur over Alleged Bank Loan Fraud
The Enforcement Directorate (ED) has conducted raids at multiple locations of Amtek Group and its directors, accused of perpetrating an alleged bank loan fraud of over Rs 20,000 crore, involving real estate, foreign investment, and shell companies.