ED attaches assets in black money-linked case in Maharashtra

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..... ED attaches assets in black money-linked case in Maharashtra - PTI News Dated:- 2-1-2025 PTI - News - ED attaches assets in black money-linked case in Maharashtra - - - Dated:- 2-1-2025 - New Delhi, Jan 2 (PTI) The Enforcement Directorate on Thursday said it has attached assets worth more than Rs 8 crore as part of an alleged black money-linked money laundering case in Maharashtra. A provisional a .....

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..... ttachment order has been issued under the Prevention of Money Laundering Act (PMLA) against two persons identified as Siddharth Abhay Chokshi and Abhay Sajanlal Chokshi. The attached properties include tax-free bonds and land located in Pune and these are worth a total Rs 8.09 crore, the federal agency said in a statement. The money laundering case stems from an Income Tax Department chargesheet f .....

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..... iled under the anti-black money law -- The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. Siddharth Abhay Chokshi and Abhay Sajanlal Chokshi, as per the ED, were the "beneficial owners" of a British Virgin Islands (BVI) registered entity named Blue Mist International Inc., with a bank account at Singapore. The offshore company (Blue Mist International Inc.) ha .....

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..... d entered into a sale and purchase agreement with HKCL Investments Pte Ltd for purchase of a property at Singapore, as per the agency. Siddharth Abhay Chokshi and Abhay Sajanlal Chokshi held "undisclosed" foreign income and assets amounting to a total of Rs 8.09 crore, which are proceeds of crime in this case, it said. As the proceeds of crime in this case are held outside the country, properties .....

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..... of an equivalent value in India amounting to Rs 8.09 crore owned by the two persons in the country were provisionally attached, as per the agency. PTI NES KVK KVK - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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