Money Laundering In A Bull Market
If the markets are at
dizzy heights can scams be far behind? There are no major ones but minor scams
are certainly brewing. The Income Tax department has sniffed out a massive
racket of laundering black money through the secondary market. I-T department
found tax evasion of over Rs 100 crore and hidden income of over Rs 400 crore.
The scam involved ramping up of penny stocks. How did...
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