I-T Dept calls upon citizens to help curb the use of black money via toll free number
With elections approaching, the Income Tax Department has stepped up vigil and intelligence to monitor movement of cash and valuables intended to influence voters, official sources said here on Thursday.
 
For starters, the department has set up a round-the-clock control room in Mumbai at its Investigation Directorate to keep tabs on illegal movements of huge quantities of cash/valuables and prevent their illegal use in the run-up to the elections.
 
Besides, the Director-General, Investigations, has geared up the intelligence machinery to track, detect and stop such physical movement of cash and other valuables in Mumbai.
 
It has also roped in citizens in this effort by a issuing a public appeal on Thursday and setting up helpline numbers - 1800221510/022-22820562 and 9372727823/24 (WhatsApp).
 
"In order to ensure free and fair elections and curb the use of black money in elections, vigilant citizens are requested to pass only any information regarding stocking, movement and distribution of black money, cash, gold, silver, etc, on the helpline numbers," the department appealed.
 
During election season, the country's commercial capital develops a dubious reputation with rumours of staggering amounts of cash and valuables surreptitiously ferried around to influence voters.
 
IT sources say besides the traditional modes of big and small vehicles, even the suburban and long-distance trains are known to have been used to move around cash/valuables, besides through shady couriers or 'angadias' both within and outside the city, many a times avoiding detection.
 
Attempting to remain a step ahead in the cat-and-mouse game, scamsters in the past have resorted to some very innovative methods to transport cash/valuables undetected over long distances to the intended beneficiaries, the sources said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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Twitter shows billing details for political ads in India
With social media turning out to be a major battleground for political parties in the upcoming Lok Sabha elections, Twitter has started to show billing details of political ads as its Ads Transparency Center for the country went live on Monday.
 
The move follows a similar initiative by Facebook launched last month.
 
Political campaigning ads may only be promoted via the use of Promoted Tweets and In-Stream Video Ads; no other Twitter advertising products can be used at this time.
 
The Ads Transparency Center shows billing information, spend, and impression data for each promoted tweet.
 
"The billing information tab shows all billing addresses -- city and state only -- associated with the ad account," Twitter said.
 
Political campaigning ads on Twitter refer to ads purchased by a political party recognised by the Election Commission of India, ads purchased by a candidate and ads that advocate for or against a clearly identified candidate or political party for Indian general elections.
 
Political campaigning advertisers must go through Twitter's certification process and provide profile photo, header photo, and website must be consistent with the handle's online presence.
 
The biography of advertisers should also include a website that provides valid contact information, Twitter said.
 
Earlier, the data from Facebook's Ad Archive report showed that advertisers in India spent over Rs 4 crore for political ads on the platform last month and more than half of the amount came from the ruling Bharatiya Janata Party and its backers.
 
The Ad Archive report showed that Facebook has started taking down political ads that were placed without a disclaimer including government campaigns like Digital India.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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PNB scam: Nirav Modi's wife Ami named in ED chargesheet
The Enforcement Directorate (ED) has named fugitive diamantaire Nirav Modi's wife Ami Modi in a supplementary chargesheet in connection with its ongoing probe into over Rs 13,500-crore Punjab National Bank (PNB) loan fraud case, said informed sources.
 
The agency filed the chargeseet in a special Mumbai court charging Ami, a US national, for being the beneficiary of alleged purchase of two apartments at Central Park in New York using $30 million laundered money, which her husband had obtained fraudulently from PNB through Letters of Undertaking (LoU) and Foreign Letters of Credit (FLCs). 
 
The chargesheet was filed on February 28, he said.
 
It is alleged that the amount was routed through Ami's HSBC Bank accounts traced by the agency, according to reports.
 
These apartments are part of Nirav Modi's worth Rs 637 crore foreign properties the ED had seized in October last year.
 
According to agency officials, the apartments were purchased in the name of The Ithaca Trust. One of the properties in Central Park South, New York, was in the name of Central Park Real Estate LLC, a Firestar Group company. In 2018, it was transferred to the Trust.
 
The alleged beneficiary of The Ithaca Trust is Ami and her children and the settler of the said trust was Nirav Modi's sister Purvi Modi, a Belgian national. 
 
The move is seen as a step to tighten noose around Nirav Modi, who has now surfaced in London where he is believed to be living for several months now. 
 
The agency is also reportedly looking to issue a Red Corner Notice (RCN) against Ami. Interpol has already issued an RCN against Nirav Modi, his brother Neeshal, Purvi and his executive Subhash Parab.
 
Nirav Modi fled India in January 2018 days before the PNB scam broke. The businessman's whereabouts have remained a mystery since he has been "seen" in New York, Hong Kong and other parts of the world. He, along with his uncle Mehul Choksi of Gitanjali Group, left the country before the Central Bureau of Investigation (CBI) started investigating the PNB scam.
 
The ED had on May 24 and 26 last year filed chargesheets against both. Non-bailable warrants have also been issued against them.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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