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  At USD 83.5 bn, India has 3rd highest trade-related illicit financial flow globally: Report

  Business | March 03, 2020 20:21 IST

  India has the third-highest trade-related illicit financial flow among over 135 countries with a whopping USD 83.5 billion escaping the government's tax net owing to trade-based money laundering tactics, according to a report released on Tuesday by US-based think tank Global Financial Integrity (GFI).

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  Lok Sabha passes bill to tackle illicit deposit schemes

  India | July 24, 2019 20:32 IST

  Lok Sabha on Wednesday approved a bill to save gullible investors from Ponzi schemes.

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  Illicit money outflows average 10% of GDP: Parlimentary panel

  India | June 24, 2019 22:15 IST

  The Parliamentary Standing Committee on Finance, in its report, said, "The unaccounted income and wealth inside and outside the country does not appear amenable to credible estimation in the context of India". 

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  Illicit diamond syndicate busted in South Africa

  World | August 26, 2014 11:36 IST

  Johannesburg: An international syndicate involved in illicit diamond trade has been busted in South Africa.According to Directorate for Priority Crime Investigation (The Hawks), 19 suspects were arrested in Gauteng, the Northern Cape, Free State provinces

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  16 Die After Consuming Illicit Liquor In Punjab

  India | October 28, 2010 19:58 IST

  Hoshiarpur, Oct 28: In the worst hooch tragedy in Punjab in recent years, 16 people were killed and 27 others taken ill after they consumed spurious liquor in Dasuya area of the district. Two persons