Leaked documents from the Pandora Papers have brought attention to the financial dealings of the owners of Radico Khaitan, one of India’s leading liquor manufacturers. According to the records, financial assets linked to the company’s ownership have been associated with international transactions through Beecool Global Holdings Limited since September 4, 2012. Lalit
A recent leak from the Pandora Papers has brought to light offshore financial arrangements linked to the owners of Radico Khaitan, one of India’s leading liquor manufacturers. The documents reveal that since September 4, 2012, the Timberlane Trust has held 50,000 ordinary shares (valued at USD 1 each) in Beecool Global Holdings Limited. Lalit Khaitan […]
The Pandora Papers have unveiled that the owners of Radico Khaitan, a well-known Indian manufacturer of Indian Made Foreign Liquor (IMFL), have assets held in offshore trusts. According to the Register of Directors of Beecool Global Holdings Limited, since September 4, 2012, the Timberlane Trust has been holding 50,000 ordinary shares of USD 1 each […]
Mumbai: A birthday celebration at a luxury five-star hotel in Mumbai took a dramatic turn after police allegedly uncovered drug use during a late-night party attended by actress Naira Nehal Shah and her associates. According to police officials, the incident occurred in the Santacruz area of Mumbai, where the actress was celebrating her birthday with […]
Lucknow : In a major breakthrough, the Special Task Force (STF) has arrested key members of an alleged multi-crore fraud network linked to absconding real estate scam mastermind Rashid Naseem, who is accused of cheating thousands of investors across India and living a luxurious life in Dubai using public money. The arrests have once again […]
Mumbai’s real estate sector has been rocked by fresh legal trouble as two top executives of Omkar Realtors and Developers—Chairman Kamal Kishore Gupta and Managing Director Babulal Varma—have been sent to Enforcement Directorate (ED) custody until January 30. The duo was arrested on Wednesday in connection with a money laundering case linked to alleged irregularities […]
In a major development, the Enforcement Directorate (ED) has uncovered documents suggesting possible financial links between businessman Sudhakar Reddy and several political figures during a recent investigation tied to alleged money laundering involving underworld figure Iqbal Mirchi. The findings came after ED officials conducted raids at the residence and office of
Navi Mumbai: In a shocking case of land fraud, a prominent builder from Navi Mumbai, Bupendra Shah, has been arrested for allegedly fabricating documents to acquire 80 acres of valuable agricultural land in Nhava Sheva. The land, worth several crores, was illegally purchased by misrepresenting Shah as a farmer, police said on Friday. Shah, the […]
ED Uncovers Links Between Sudhakar Shetty and Congress Leaders in Iqbal Mirchi Money Laundering Case
In a significant development, the Enforcement Directorate (ED) has uncovered crucial documents linking Sahana Group chairman Sudhakar Shetty to several political leaders, including members of the Congress, in connection with the Iqbal Mirchi money laundering case. The revelations came during a raid on Shetty’s residence and office, where ED officials found evidence of
New Delhi , March 19 , 2019 : The ongoing IL&FS financial crisis has once again come under the spotlight as new concerns have surfaced regarding the interim audit findings submitted by Grant Thornton. The Enforcement Directorate (ED), which has been actively probing the financial irregularities and alleged mismanagement within IL&FS Financial Services, has
