Arms dealer Bhandari flouted Black Money Act, says tribunal
1 year, 4 months ago

Arms dealer Bhandari flouted Black Money Act, says tribunal

Hindustan Times  

An appellate tribunal in Delhi has ruled that fugitive arms dealer Sanjay Bhandari created assets in London and Dubai, which he didn’t disclose to the income tax authorities to evade tax, violating the black money act of 2015. “In the instant case, Bhandari indulged in evasion of tax under Section 3 and 4 of the act of 2015,” the judgement said, adding that he was required to pay tax at the rate of 30% on the foreign assets and income, and “in absence, the amount of tax became proceeds of crime”. “The record further shows that after initiation of the action by the Income Tax department and service of notice to Bhandari, he had attempted to transfer foreign assets to a trust in Dubai. Bhandari is under investigation by multiple agencies, including the ED, Central Bureau of Investigation, income-tax department and Delhi police for money laundering, violation of the foreign exchange act, black money act, and the official secrets act for having access to sensitive defence documents.

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History of this topic

Initiation Of Prosecution U/S 51 Of Black Money Act Not Dependent On Completion Of Assessment Proceedings U/S 10 For Tax Evasion: Delhi HC
1 month, 1 week ago

Initiation Of Prosecution U/S 51 Of Black Money Act Not Dependent On Completion Of Assessment Proceedings U/S 10 For Tax Evasion: Delhi HC

Live Law  

The Delhi High Court has held that initiation of prosecution under Section 51 of the Black Money Act, 2015 is not dependent on completion of assessment proceedings initiated against an accused under Section 10 to determine tax evasion. It is relevant to note that the assessment under the Black Money Act is being made under Section 10, which falls in …

Delhi High Court Denies Relief To Arms Dealer Sanjay Bhandari In Challenge To Fugitive Economic Offender Notice
1 month, 1 week ago

Delhi High Court Denies Relief To Arms Dealer Sanjay Bhandari In Challenge To Fugitive Economic Offender Notice

Live Law  

The Delhi High Court has rejected the petition of arms dealer Sanjay Bhandari, accused of tax evasion and money laundering, challenging a Special Court's summoning order in relation to the Enforcement Directorate's declaration of him as a 'Fugitive Economic Offender'. It has also kept in mind that the petitioner seems to be fighting a proxy war as he has chosen …

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody
4 months, 1 week ago

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody

Hindustan Times  

The additional sessions court here on Monday sent former Punjab food and civil supplies and consumer affairs minister Bharat Bhushan Ashu to judicial custody in connection with an alleged ₹2,000-crore foodgrain transportation-linked money-laundering case. Bharat Bhushan Ashu Ashu, who was arrested by the ED on August 1, had been in the central agency’s custody since August 2. In August last …

163 Black Money Act probes conducted in 9 years
4 months, 2 weeks ago

163 Black Money Act probes conducted in 9 years

Hindustan Times  

In the last nine years, there have been 163 investigations and assessment orders passed in 652 cases raising an aggregate demand of ₹17,162 crore under the Black Money Act, the Centre informed Parliament on Tuesday. In a written reply, Union minister of state for finance Pankaj Chaudhary said in Rajya Sabha: “As on March 31, 2024, orders u/s 10/10 of …

India launched 163 probes under Black Money Act in 9 years: Centre informs Parliament
4 months, 2 weeks ago

India launched 163 probes under Black Money Act in 9 years: Centre informs Parliament

Hindustan Times  

India has launched 163 investigations and passed assessment orders in 652 cases, raising a demand of ₹17,162 crore in last nine years under the Black Money Act, the Centre informed the Parliament on Tuesday. In a written reply, Union minister of state for finance Pankaj Chaudhary said in Rajya Sabha, “As on March 31, 2024, orders u/s 10/10 of the …

Amendments in Black Money Act to remove penalty on undisclosed foreign assets worth ₹20 lakh: CBDT chief
4 months, 4 weeks ago

Amendments in Black Money Act to remove penalty on undisclosed foreign assets worth ₹20 lakh: CBDT chief

Live Mint  

Union Minister Nirmala Sitharaman tabled the Finance Bill in the parliament as part of the Union Budget 2024-25, which included an amendment to the Black Money Act. Central Board of Direct Taxes Chairman Ravi Agarwal stated on 25 July that the amendment in the Black Money Act would provide taxpayers relief from penalty when a situation arises if they fail …

Who is 'middleman' Sanjay Bhandari, who fled to UK in money laundering case and is seeking bail?
6 months ago

Who is 'middleman' Sanjay Bhandari, who fled to UK in money laundering case and is seeking bail?

India TV News  

London: Sanjay Bhandari, an accused middleman in the defence sector who fled to the United Kingdom after facing charges of alleged tax evasion and money laundering, had his bail conditions eased on Friday in order to attend his son's wedding in southeast England. As part of an agreement with the Crown Prosecution Service – representing the Indian authorities in the …

India’s key fugitives to be extradited soon? Joint CBI-ED-NIA team to visit UK to expedite process
11 months, 1 week ago

India’s key fugitives to be extradited soon? Joint CBI-ED-NIA team to visit UK to expedite process

India TV News  

A high-level team of officials from the Central Bureau of Investigation, Enforcement Directorate and National Investigation Agency would be soon despatched to the United Kingdom to expedite extradition of India’s most wanted fugitives – diamond trader Nirav Modi, Kingfisher Airlines promoter Vijay Mallya and defence dealer Sanjay Bhandari, sources said on Tuesday. The extradition cases of Sanjay Bhandari, Nirav Modi, …

Sanjay Bhandari case: ED adds two fresh accused in supplementary chargesheet, Court reserves order on cognizance
1 year ago

Sanjay Bhandari case: ED adds two fresh accused in supplementary chargesheet, Court reserves order on cognizance

Hindustan Times  

New Delhi, December 20 : The Rouse Avenue Court of Delhi on Wednesday reserved the order on cognizance point on supplementary prosecution complaint recently filed in a money laundering case related to controversial Arms Dealer Sanjay Bhandari and others. On November 10, 2023, Rouse Avenue Court allowed Robert Vadra to travel abroad and visit Austria and Switzerland for two weeks …

Panchkula: Financier denied anticipatory bail in Arms Act case
1 year, 3 months ago

Panchkula: Financier denied anticipatory bail in Arms Act case

Hindustan Times  

The court of district and sessions judge Ved Parkash Sirohi on Thursday dismissed the anticipatory bail plea of financier Anil Bhalla, an accused in multiple fraud and forgery cases, in an Arms Act case. The public prosecutor, while opposing the bail, argued that Bhalla had illegal possession of cartridges as his arms licence was revoked by the Panchkula commissioner of …

UK Court Clears Fugitive Arms Dealer Sanjay Bhandari’s Extradition To India
2 years, 1 month ago

UK Court Clears Fugitive Arms Dealer Sanjay Bhandari’s Extradition To India

ABP News  

New Delhi: A UK court on Monday ruled that middleman Sanjay Bhandari, accused in arms deals, could be extradited to India to face charges related to tax evasion and money laundering, as reported by the news agency PTI. “However, I only do so on the basis of the Assurances that have been provided by the Government,” he said, with reference …

Big win for India as UK court allows extradition of fugitive arms dealer Sanjay Bhandari
2 years, 1 month ago

Big win for India as UK court allows extradition of fugitive arms dealer Sanjay Bhandari

Firstpost  

The fugitive arms dealer will now be brought to India. The trial was being conducted at the Westminster Magistrates’ Court in London Sanjay Bhandari Case: A UK court has allowed the extradition of fugitive arms dealer Sanjay Bhandari to India. The Indian government was seeking the extradition of arms dealer Sanjay Bhandari on the grounds of money laundering and failing …

Bombay high court relief for Anil Ambani in Rs 420 crore tax evasion case
2 years, 2 months ago

Bombay high court relief for Anil Ambani in Rs 420 crore tax evasion case

India Today  

The Bombay high court has asked the Income Tax department not to take any coercive action against businessman and Reliance group Chairman Anil Ambani under the Black money Act. The I-T department had sought to prosecute Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held …

Sanjay Bhandari sues French company for unpaid commission in UPA era aircraft deal: Report
2 years, 11 months ago

Sanjay Bhandari sues French company for unpaid commission in UPA era aircraft deal: Report

Op India  

According to a report published in the United Kingdom on Monday, fugitive arms dealer Sanjay Bhandari, whom OpIndia exposed of having links with Congress leader Rahul Gandhi, has sued French business Thales for Rs 92 crore in ‘commissions’. OpIndia expose on Sanjay Bhandari Rahul Gandhi nexus Sanjay Bhandari is a close friend of Rahul Gandhi’s brother-in-law Robert Vadra and an …

Assets of late Cong leader Ahmed Patel's son-in-law, actor Dino Morea attached in money laundering case
3 years, 5 months ago

Assets of late Cong leader Ahmed Patel's son-in-law, actor Dino Morea attached in money laundering case

India TV News  

In a new development, the assets of late Congress leader Ahmed Patel's son-in-law, actors Dino Morea and Sanjay Khan and DJ Aqeel have been attached in a money laundering case involving Gujarat-based pharmaceutical company Sterling Biotech group, Enforcement Directorate said on Friday. Out of this, the value of attachment of assets for Khan is Rs 3 crore, for Dino Morea …

Accused Arms Dealer Sanjay Bhandari Makes Application in UK Extradition Case
3 years, 7 months ago

Accused Arms Dealer Sanjay Bhandari Makes Application in UK Extradition Case

News 18  

Sanjay Bhandari, an accused arms dealer and proclaimed offender wanted in India on money laundering charges, has made an application for part-adjournment in his extradition hearing, a London court said on Thursday. The application will be taken up at a short hearing at Westminster Magistrates Court in London on May 26 before proceeding to the fuller extradition hearing in the …

Accused Arms Dealer Sanjay Bhandari's Bail in UK Extradition Case Extended to April 9
3 years, 10 months ago

Accused Arms Dealer Sanjay Bhandari's Bail in UK Extradition Case Extended to April 9

News 18  

A UK court presiding over the extradition case of Sanjay Bhandari, an accused arms dealer and proclaimed offender wanted in India on money laundering charges, extended his bail until April 9 at a case management hearing in London on Friday. Bhandari’s lawyer, from the firm Janes Solicitors, submitted that he had made considerable progress since he took over the case, …

Court Issues Summons to Sanjay Bhandari in Money Laundering Case, Asks ED to Expedite Extradition
4 years, 2 months ago

Court Issues Summons to Sanjay Bhandari in Money Laundering Case, Asks ED to Expedite Extradition

News 18  

A special PMLA court has issued summons to alleged defence middleman Sanjay Bhandari and asked the Enforcement Directorate to expedite the process of his extradition, the central agency said on Friday. The special judge at Rouse Avenue Court here said, "Issued summons to the accused persons and directed the ED to expedite the process of extradition against Sanjay Bhandari pending …

Court directs ED to expedite extradition of Sanjay Bhandari from UK
4 years, 2 months ago

Court directs ED to expedite extradition of Sanjay Bhandari from UK

India Today  

A designated court in Delhi has directed the Enforcement Directorate to expedite the extradition of arms dealer Sanjay Bhandari from the United Kingdom in connection with a money laundering case. The court also took cognizance of the chargesheet which was filed on June 1, 2020 against Sanjay Bhandari and other co-conspirators, including various companies floated by Sanjay Bhandari in the …

Accused Arms Dealer Sanjay Bhandari's UK Extradition Hearing in June 2021
4 years, 3 months ago

Accused Arms Dealer Sanjay Bhandari's UK Extradition Hearing in June 2021

News 18  

A UK court presiding over the extradition case of Sanjay Bhandari, an accused arms dealer wanted in India on money laundering charges, has set June 7, 2021 as the date for the start of proceedings. The UK's Crown Prosecution Service, representing the Indian government in extradition proceedings, said Bhandari is sought by the Indian authorities for prosecution for money laundering …

ED Books Absconding Arms Dealer Sanjay Bhandari in Fresh Money Laundering Case
4 years, 4 months ago

ED Books Absconding Arms Dealer Sanjay Bhandari in Fresh Money Laundering Case

News 18  

The Enforcement Directorate has filed a money laundering case against absconding defence consultant Sanjay Bhandari to probe kickbacks worth $4.99 million allegedly received by him from South Korean major Samsung Engineering Co Ltd in 2009, officials said on Monday. Bhandari's firm was paid by SECL, in violation of rules, to influence government officials in awarding a Rs 6,744 crore contract …

Enforcement Directorate files another case against Bhandari
4 years, 4 months ago

Enforcement Directorate files another case against Bhandari

The Hindu  

The Enforcement Directorate has registered a money laundering case against middleman Sanjay Bhandari and others including South Korea-based Samsung Engineering Co. Limited in connection with an “illegal” consultancy agreement for a Gujarat-based project worth ₹6,744.32 crore. Among the suspects are unknown officials of ONGC Petro Additions Limited, Santech International FZC in the United Arab Emirates, in which Mr. Bhandari was …

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