Tag: Worth

I-T dept identifies Mukhtar Ansari’s 2 dozen ‘benami’ assets worth Rs 127 cr

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New Delhi: The Income Tax Department has identified about two dozen ‘benami’ assets worth Rs 127 crore of gangster-turned-politician Mukhtar Ansari in Uttar Pradesh and other locations as part of a “comprehensive” action against him and his associates, sources said Wednesday.
The department’s Lucknow benami assets investigation unit on Tuesday attached the first benami property in this case, a land parcel located in Ghazipur district worth about Rs 1.29 crore (book value). The market value of this property is about 12 crore, according to an attachment order of the department.
The benamidar (in whose name a benami property is standing) in this case has been identified as an alleged associate and neighbour of Ansari, Ganesh D Mishra while the “beneficial owner” has been named as Ansari in the attachment order.

Benami means ‘no name’ or ‘without name’ and such properties are those in which the real beneficiary is not the one in whose name the property has been purchased.
The attachment order, issued under the provisions of the Benami Transactions (Prohibition) Amendment Act of 2016, has been passed under the name and seal of Deputy Commissioner of I-T Alok K Singh under Additional Commissioner of the I-T (Benami Prohibition Unit) Dhruvpurari Singh.
The department, the sources said, followed the “documents and money trail” in this case after going through multiple FIRs filed by the UP Police against Ansari, checking land records and numerous bank documents and it was found that Mishra had allegedly furnished a personal bond of Rs 90 lakh and had also pledged his property for a Rs 1.60 crore loan taken by a company in which Ansari’s wife and son are shareholders.
The sources said the I-T department has launched a “comprehensive” action against Ansari and his associates and has codenamed the operation of identifying his alleged benami assets and finances as ‘Operation Panther’.
The department, as per the sources, is in the process of attaching the rest 22 benami properties of Ansari which are estimated to be bearing a market value of over Rs 100 crore.

Ansari, a five-time former MLA, is lodged in a jail at Banda in Uttar Pradesh.
Apart from the I-T department, he is being investigated by the Enforcement Directorate too on money laundering charges.
Ansari faces as many as 49 criminal cases that have been booked against him and aides on charges of land grabbing, murder and extortion.
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#dept #identifies #Mukhtar #Ansaris #dozen #benami #assets #worth
( With inputs from www.siasat.com )

April 12, 2023
ED attaches assets worth Rs 40.39cr of Supertech Group

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New Delhi: The Enforcement Directorate (ED) on Wednesday said it has attached 25 immovable properties at Rudrapur in Uttarakhand and Meerut in Uttar Pradesh, worth Rs 40.39 crore belonging to the Supertech Group of Companies and their directors in connection with a money laundering case.
Investigation under the provisions of the Prevention of Money Laundering Act (PMLA), against Supertech Group of Companies and others, was initiated on the basis of various FIRs registered by the Delhi Police, Haryana Police and Uttar Pradesh Police.
It was alleged in all the FIRs that the company and its directors indulged in a criminal conspiracy to cheat people by collecting funds from prospective buyers in advance against booked flats in their real estate projects and failed to adhere to its agreed obligations to provide the possession of the flats on time, and thus, as per FIRs, the company defrauded the public.

Investigation conducted by the ED under provisions of the PMLA revealed that the funds were collected by Supertech Ltd and group companies from homebuyers and also took project specific term loans from banks for the purpose of construction of flats.
However, these funds were misappropriated and diverted for the purchase of land in the name of other group companies that were again pledged as collaterals to borrow funds from banks.
“Investigation further revealed that the Supertech Group also defaulted on its payments to the banks/ financial institutions and currently around Rs 1,500 crore of such loans have become NPA,” the ED said.
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#attaches #assets #worth #40.39cr #Supertech #Group
( With inputs from www.siasat.com )

April 12, 2023
ED attaches assets worth Rs 7.07 cr of UP based businessman in fraud case

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New Delhi: The Enforcement Directorate (ED) on Tuesday said it has attached 20 immovable properties worth Rs 7.07 crore in the form of land of the Anee group of companies — Anee Bullion Industries Pvt Ltd, Anee Commodity Brokers Pvt Ltd. and Anee Securities Pvt. Ltd. and its promoter, director Ajit Kumar Gupta — situated at Lucknow, Amethi and Delhi.
The ED said that a case under the Prevention of Money Laundering Act was initiated in 2019 on the basis of various FIRs and complaints registered by the UP police against Ajit Kumar Gupta and various other persons and private firms for cheating and fraud to the tune of Rs 110 crore.
They lured the public to invest in various fraudulent schemes with the intention to defraud them of their invested amounts.

“Anee Bullion Industries Pvt Ltd, Ajit Kumar Gupta and others dishonestly and fraudulently acquired money from public in the guise of Daily Deposit Scheme, Monthly Recurring Scheme, Fixed Scheme, etc by offering high returns varying from 20% to 40 % on these schemes. Investors’ money, thus collected, was layered and rotated through the platform of various companies of the ‘Anee Group’ and was used for purchase various immovable properties in the name of Ajit Gupta and others,” the official said.
Further investigation in the matter is on.
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#attaches #assets #worth #based #businessman #fraud #case

( With inputs from www.siasat.com )

April 11, 2023
Projects Worth Rs 1,25,000 Crore Proposed For JK: Nitin Gadkari

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SRINAGAR: Union Minister for Road Transport and Highways Nitin Gadkari said that developmental works worth Rs 1,25,000 crore are being taken up by the Ministry of Road Transport and Highways in Jammu and Kashmir.
Gadkari was interacting with media at Srinagar on Monday after completing inspection of strategic Zojila and Z Morh tunnels.
He said that since 2014, around 500 km road network has been completed in the region, and about 1700 km roads are being constructed at a cost of Rs 75,000 crores.
“About 41 significant tunnels are being constructed in Jammu and Kashmir and Ladakh at a cost of Rs 45,000 crore. Ropeways worth Rs 5,000 crore will be constructed in the UT of Jammu and Kashmir, he added.
The Minister said that in order to make the journey between Jammu and Srinagar comfortable, three corridors worth Rs 35,000 crores are being constructed. He said that the earlier distance of 320 kms between Jammu and Srinagar will get reduced by 70 km after the completion of these corridors.
The design of four laning of Jammu-Srinagar highway is based on geo-technical and geo-scientific investigations to reduce the obstacles caused by landslides, the Minister informed the gathering.
Gadkari said that a new 78 km four-lane ring road is being constructed in Srinagar at a cost of Rs 4,660 crores.
The Minister further said that a four lane road will be constructed from Khanabal to Panjtarni to ease up the journey of Amarnath pilgrimage.

He said that by the improvement in road infrastructure, J&K is going to witness three to four times increase in tourist footfall in coming years.
Gadkari said that 38 per cent work has been completed on the Zojila tunnel till date and work is on at full pace to complete the remaining work. He added that the Z Morh tunnel will be thrown open in October 2023.

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#Projects #Worth #Crore #Proposed #Nitin #Gadkari
( With inputs from : kashmirlife.net )

April 10, 2023
Salman Khan sports gold, diamonds watch worth Rs…

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Mumbai: Bollywood superstar Salman Khan is known for his stylish fashion sense and exquisite taste in luxury accessories. The actor was recently photographed wearing a Rolex Day-Date 36 turquoise dial watch with an 18K yellow gold case and bracelet at the Film Fare Awards press event. This stunning timepiece is more than just a watch; it is a work of art that exudes sophistication and class.
This Rolex Day-Date watch is a true symbol of luxury and elegance, handcrafted with the utmost precision and attention to detail. The dial is a mesmerizing turquoise color that enhances the 18K yellow gold case and diamonds Bezel Set with diamonds Movement perfectly. It’s a true statement piece that drew our attention and it’s price will blow away your mind! Scroll ahead to check.
The Rolex Day-Date 36 with a turquoise dial costs a staggering amount of $57,200, which is approximately Rs. 46.8L. This shows the watch’s exceptional craftsmanship, high-quality materials, and exquisite design.

Salman Khan’s selection of this high-end luxury watch complements his already impressive style and impeccable taste. It’s no surprise that he’s regarded as one of Bollywood’s most fashionable actors. With this Rolex Day-Date watch, he proves once more that he is a fashion trendsetter and a true fashion icon.
On the professional front, Salman Khan will he next seen in Kisi Ka Bhai Kisi Ki Jaan which is set to hit the screens on Eid on April 21. Apart from this, he also has Tiger 3 in his kitty.

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#Salman #Khan #sports #gold #diamonds #watch #worth
( With inputs from www.siasat.com )

April 10, 2023
Police arrests 2 narco smugglers with over 11 Kgs heroin worth Rs 70 cr in Srinagar

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Srinagar, April 6: Police on Thursday said that two cross-border narco smugglers were arrested by Srinagar Police with 11.089 Kgs of Heroin worth Rs 70 crore in international market.
ADGP Kashmir Vijay Kumar said Rs 11,82,500 in cash seized was also seized from the duo namely Sajjad Badana and Zaheer Tanch of Karnah Kupwara. FIR under NDPS Act has been registered at Rajbagh police station, he said as per GNS. “Drugs had come from Pakistan,” the ADGP Kashmir said. (GNS)
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#Police #arrests #narco #smugglers #Kgs #heroin #worth #Srinagar
( With inputs from : roshankashmir.net )

April 6, 2023
Hyderabad: Customs seize 512 gms of gold worth Rs 32 lakhs

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Hyderabad: Customs Air Intelligence of Hyderabad Customs, RGIA, apprehended a male passenger on Thursday carrying 514 gms of gold paste hidden in the rectum in the form of three capsules.
The gold is worth Rs 32,08,902 lakhs, officials say.’
The passenger arrived from Riyadh by flight SV-750 on Thursday. A case has been registered and further investigations are on.

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#Hyderabad #Customs #seize #gms #gold #worth #lakhs
( With inputs from www.siasat.com )

April 6, 2023
PM Modi to launch projects worth Rs 11,300 cr in Hyderabad

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Hyderabad: Prime Minister Narendra Modi will inaugurate and lay the foundation stone of projects worth over Rs 11,300 crore in Telangana on April 8.
During his two-hour visit to Hyderabad, he will also address a public meeting at Parade Grounds in Secunderabad.
As per the itinerary, Modi will reach Begumpet Airport at 11.30 a.m. He will then reach Secunderabad Railway Station to flag off Secunderabad-Tirupati Vande Bharat Express. This train is expected to reduce the travel time between the two cities by almost three and half hours and will be particularly beneficial for pilgrim passengers.

This is the second Vande Bharat train to be started from Telangana within three months. In January, the Prime Minister had virtually flagged off Secunderabad-Visakhapatnam Vande Bharat.
After flagging off Secunderabad-Tirupati Vande Bharat Express, the Prime Minister will attend a public meeting at Parade Grounds, where he will lay the foundation stone for new blocks at All India Institute of Medical Sciences (AIIMS) Bibinagar.
Union Minister for tourism and culture G. Kishan Reddy, who is a member of the Lok Sabha from Secunderabad, said this would give a big boost to the health infrastructure in Telangana. The expansion and new facilities include academic blocks, auditoriums, staff quarters, hostels and guest houses.
The Prime Minister will also lay the foundation stone of the redevelopment of Secunderabad Railway Station, which is being taken at a cost of Rs 720 crore. The station will undergo a massive makeover with world-class amenities and an aesthetically designed iconic station building. The redeveloped station would be having double-level spacious roof plaza with all passenger amenities at one place along with multimodal connectivity for providing seamless transfer of passengers from rail to other modes among others.
The Prime Minister will also flag-off 13 new Multi-Modal Transport Service (MMTS) services in the suburban section of Hyderabad – Secunderabad twin city region, providing commuters with a fast, convenient and comfortable travel option.

He will also dedicate to the nation the doubling and electrification of Secunderabad-Mahabubnagar project. The project stretching for a distance of over 85 kms has been completed at a cost of nearly Rs 1,410 crore. The project will provide seamless connectivity and assist in enhancing the average speed of trains.
During the Programme, the Prime Minister will also lay the foundation stone of five National Highway projects worth more than Rs 7,850 crore. These road projects will strengthen the road connectivity of both Telangana and Andhra Pradesh.
After spending an hour at the public function at Parade Ground, the Prime Minister will leave for Chennai from Begumpet Airport at 1.20 p.m.
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#Modi #launch #projects #worth #Hyderabad
( With inputs from www.siasat.com )

April 6, 2023
Gold worth Rs 50 lahks seized at Hyderabad airport-

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Hyderabad: Hyderabad Customs have seized 12 cut pieces of gold bar and gold chain weighing 807.10 grams worth nearly Rs 50 lakh, officials said on Tuesday.
The male passenger who arrived from Doha by flight landed at 08. 45 am today was searched following which the recovery was made.
“On suspicion, the pax was searched and 12 cut pieces of gold bar & 1 gold chain totally weighing 807.10 Gms valued at Rs.49,71,736 concealed inside chargeable torch light were found.

“The gold was seized by Hyderabad Customs,” the officials said.
Further investigation into the matter is underway.
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#Gold #worth #lahks #seized #Hyderabad #airport

( With inputs from www.siasat.com )

April 5, 2023
I-T dept seized assets worth over Rs 4,800 crore in last 4 fiscals: Govt

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New Delhi: Assets worth more than Rs 4,800 crore were seized during searches conducted by the Income Tax department against 2,841 groups in the last four financial years, the government informed Lok Sabha on Monday.
Minister of State for Finance Pankaj Chaudhary said these searches are undertaken to find “suspected or identified large-scale tax evasion”.
He shared the figures in this regard as part of a written reply furnished in the Lok Sabha.

The data pertains to financial years 2019-20, 2020-22, 2021-22 and 2022-23 (provisional figures till January 2023) and Chaudhary said a total of 2,841 groups were searched by the I-T department leading to seizure of assets worth Rs 4,863.12 crore.
The highest seizure of assets took place during the last fiscal of 2022-23 (data till January 2023) at Rs 1,533.23 crore with searches being conducted against a total of 602 groups, the data stated.
Properties worth Rs 1,159.59 crore were seized after searches against 686 groups in 2021-22, assets worth Rs 880.83 crore were seized after action against 569 groups in 2020-21 and assets worth Rs 1,289.47 crore were seized during searches against 984 groups in 2019-20.
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#dept #seized #assets #worth #crore #fiscals #Govt
( With inputs from www.siasat.com )

April 3, 2023