FEMA violation: ED issues notice to Gangula's family members
1 year, 3 months ago

FEMA violation: ED issues notice to Gangula's family members

Deccan Chronicle  

Karimnagar: The Enforcement Directorate has issued a show-cause notice to Swetha Granites and Swetha Agencies owned by the family members of the Backward Class Welfare minister Gangula Kamalakar for violating the Foreign Exchange Management Act. The ED officials identified irregularities in exporting granite material to China by Swetha granite companies. In November last year, ED and Income Tax department officials conducted three-day raids at granite companies in Baopet of Kothapally mandal in Karimnagar district. The officials suggested to authorities concerned to collect penalty and Seigniorage as per Rule 26 /, AP MMC 1996 Act from Swetha granite companies and Swetha agencies.

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History of this topic

ED Fines ₹908 Crore on DMK MP Jagathratchakan for Foreign Exchange Violations
3 months, 3 weeks ago

ED Fines ₹908 Crore on DMK MP Jagathratchakan for Foreign Exchange Violations

The Hindu  

The Enforcement Directorate has imposed a red penalty of ₹908 crore on S. Jagathrakshakan, Arakkonam DMK Member of Parliament, for violations under the Foreign Exchange Management Act. The penalty order was passed by the ED on Monday based on the Seizure Order dated September 11, 2020, under Section 37A of FEMA in which various movable and immovable properties held in …

ED fines DMK MP Jagathrakshakan and family ₹900 crore in FEMA case
3 months, 3 weeks ago

ED fines DMK MP Jagathrakshakan and family ₹900 crore in FEMA case

Live Mint  

The Enforcement Directorate on Wednesday said that a fine of ₹900 crore has been slapped in FEMA case against DMK MP Jagathrakshakan and family members. The Central probe agency said that assets worth ₹89 crore have been confiscated in a case related to the violation of foreign exchange rules. Issuing a statement, the ED stated that properties worth ₹89.19 crore, …

Granite Firm Owned by BRS MLA’s Brother Diverted ill-gotten Rs 300 Crore: ED
6 months ago

Granite Firm Owned by BRS MLA’s Brother Diverted ill-gotten Rs 300 Crore: ED

Deccan Chronicle  

Hyderabad: Santosh Sand and Granite Supply, owned by Patancheru BRS legislator Gudem Mahipal Reddy's brother Gudem Madusudhan Reddy, indulged in irregularities by excavating and transporting quantities of material way beyond the permitted limits. "The accused firm was found to have excavated and transported an excess quantity of 11,98,743 CBM of building stone and road metal within the quarry lease permitted …

CBI to probe alleged tax evasion by granite firms in Karimnagar
1 year, 11 months ago

CBI to probe alleged tax evasion by granite firms in Karimnagar

Deccan Chronicle  

Warangal: The CBI has decided to carry out a detailed investigation into the allegations of tax evasion by granite companies based in Karimnagar, sources said. In November, about 10 teams of officials from the Enforcement Directorate and income-tax departments raided the houses of minister Gangula Kamalakar and his relatives, alleging that their firms had violated Fema norms, as also granite …

ED raids granite firms in Karimnagar, Gangula cuts short Dubai trip
2 years, 1 month ago

ED raids granite firms in Karimnagar, Gangula cuts short Dubai trip

Deccan Chronicle  

Warangal: Enforcement Directorate and Income Tax officials raided granite companies in Baopet, Kothapally mandal, allegedly owned by BC welfare minister and Karimnagar MLA Gangula Kamalakar, for the second day in a row on Thursday over alleged tax evasion and Foreign Exchange Management Act violations. According to sources, around 10 teams from both departments, including women officials, conducted search operations in …

ED, I-T raid residence, agencies linked to Telangana minister Kamalakar
2 years, 1 month ago

ED, I-T raid residence, agencies linked to Telangana minister Kamalakar

Deccan Chronicle  

HYDERABAD/ WARANGAL: The Enforcement Directorate and the Income Tax department on Wednesday raided properties linked to BC welfare minister Gangula Kamalakar, including his Karimnagar residence, in connection with alleged tax evasion of Rs 124.94 crore. The joint teams raided the premises of SVG Granite at Janahita Apartments in Attapur to verify business transactions, and also searched the offices of Swetha …

ED raids locations in Jharkhand MGNREGA funds fraud PMLA case
2 years, 7 months ago

ED raids locations in Jharkhand MGNREGA funds fraud PMLA case

The Hindu  

The Enforcement Directorate on Friday conducted raids at multiple premises, including that of Jharkhand mining secretary, in connection with a money laundering case linked to alleged embezzlement of ₹18 crore MGNREGA funds in Khunti district of the state, officials said. They said the premises of IAS officer and Jharkhand mining secretary Pooja Singhal are also being covered as part of …

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