shell companies – News Express

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Delhi court grants bail to AAP leader Satyendar Jain in money laundering case – Times of India

adminOctober 18, 202401 mins

File photo of Satyendar Jain Delhi’s Rouse Avenue Court granted bail to former Delhi minister and Aam Aadmi Party (AAP) leader Satyendar Jain on Friday in connection with the money laundering case against him. Jain, who was arrested by the Enforcement Directorate (ED) in May 2022, has been facing charges of laundering money through shell…

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Jewellery trade moves to expose shell companies, curb illegal fund flows – ET Retail

adminDecember 1, 202307 mins

Mumbai: Diamond houses, jewellers, and gem stores will soon be blacklisted by banks if they fail to disclose the ‘ultimate beneficial owners’ (UBOs) of their trading partners. Identifying the UBOs, or the true owners, would test the genuineness of foreign buyers and sellers, curb sham exports and imports, and expose rogue firms using cross-border trades…