Tuesday, June 30, 2015

Sayed Mohammed Masood and Chand Kauser Masood in connection with a tax-evasion probe in India



Switzerland’s Federal Tax Administration (FTA) on Tuesday disclosed that it had shared with New Delhi the details of the foreign assets of Indian nationals Sayed Mohammed Masood and Chand Kauser Masood in connection with a tax-evasion probe in India. A notice to Masood and Kauser was served by the FTA on April 21, asking them to file an appeal within 30 days before the Federal Administrative Court if they didn’t want the details shared with Indian authorities.
The FTA has shared the details related to Wharf Ltd, a company with links to Masood and Kauser and based in tax haven Bahamas.
“The Federal Tax Administration provides [... ] concerning mutual assistance Sayed Mohammed Masood, born on 24 October 1956 Indian national. The Federal Tax Administration [ ... ] , in which the Wharf Limited, founded on 5 May 2006, [ ... ], Bahamas, appears: [ ... ],” the notification said.
Masood, chief of the investment scheme City Limouzines, is already being investigated by various agencies, including the Enforcement Directorate (ED), for alleged money laundering. In 2012 the ED attached two Swiss accounts of Masood and his business firms under the Prevention of Money Laundering Act (PMLA). He is under probe for floating ponzi schemes and cheating thousands of investors.
Although the account holder can appeal within 30 days of the “final Instructions”, the information related to the assets and Masood’s company will help the Indian investigators.
“The notice of appeal must contain the request, the reasons with reference to the evidence and the signature of the complainant or their representatives,” the FTA said.

Wednesday, June 17, 2015

Chhagan Bhujbal and his Property across Maharashtra - ACB given list



महाराष्ट्र सदनाच्या बांधकामात घोटाळ्याचे आरोप असलेले राज्याचे माजी सार्वजनिक बांधकाममंत्री छगन भुजबळ यांच्यासह मुलगा पंकज आणि पुतण्या समीर यांच्या मुंबई, ठाणे, पुणे आणि नाशिक इथल्या घरांवर, बंगल्यांवर आणि कार्यालयांवर आज लाचलुचपत प्रतिबंधक विभागाने छापे टाकले आहेत. या धाडी कुठे-कुठे टाकल्यात, त्याची यादी 'एसीबी'नं प्रसिद्ध केली आहे. तिच्यावर नजर टाकल्यास भुजबळ कुटुंबाचे 'बंगलेच बंगले चहुकडे' असल्याचं दिसतं. ही घरं - बंगले यांची किंमत शेकडो कोटींच्या घरात जाते.

'एसीबी'नं दिलेली ही यादी पाहा आणि गणित मांडाः


मुंबईत टाकलेल्या धाडी

१. सुखदा, फ्लॅट नंबर १९०१, वरळी
२. मिलेशिया अपार्टमेंट, फ्लॅट १७/१८, माझगाव
३. माणेक महल, पाचवा मजला, चर्चगेट
४. माणेक महल, सातवा मजला, चर्चगेट
५. सागर मंदिर सोसायटी, माहिम
६. साई कुंज, फ्लॅट नंबर ४ आणि ७, दादर-पूर्व
७. सॉलिटेअर बिल्डिंग, सातवा मजला, सांताक्रूझ-पश्चिम



ठाण्यातील प्रॉपर्टी

१. लाजवंती बंगला, प्लॉट नं. ४६, पारसिक हिल, ठाणे
२. मारुती पॅराडाइज, एव्हरेस्ट सोसायटी, प्लॉट नं. २९, सीबीडी बेलापूर आणि फ्लॅट नं. ५०२, ६१२, १० ९०९, ७, ५०३, १०५, ५०१, १५, १७, १८, ४३ नवी मुंबई (शॉप्स आणि फ्लॅट)

नाशिकमधील प्रॉपर्टी

१. चांदराई बंगला, भुजबळ फार्म, नाशिक
२. भुजबळ पॅलेस, भुजबळ फार्म, नाशिक
३. येवला येथील बंगला आणि ऑफिस
४. मनमाडमधील बंगला आणि ऑफिस
५. राम बंगला, भुजबळ फार्म, नाशिक

पुण्यातील मालमत्ता

१. लोणावळा येथील बंगला, हेलिपॅडसह आणि ६५ एकर जमीन
२. फ्लॅट नं. २०८, ग्राफिकॉन आर्केड, संगमवाडी, पुणे

दरम्यान, एसबीनं आज केलेली कारवाई ही फक्त २५ टक्केच आहे, अजून ७५ टक्के छापे बाकीच आहेत, असा दावा भाजप खासदार किरीट सोमय्या यांनी केला आहे. भुजबळांची परराज्यांमध्ये आणि बेनामी मालमत्ताही प्रचंड असल्याचं त्यांनी सांगितलं आणि त्याबाबतचे पुरावे एसीबीकडे दिल्याचंही स्पष्ट केलं. राष्ट्रवादीचे प्रदेशाध्यक्ष सुनील तटकरे यांच्याविरोधातही एसीबीला ठोस पुरावे दिल्याचं ते म्हणाले. त्यामुळे पुढच्या काही दिवसांत राज्याच्या राजकारणात मोठा भूकंप होऊ शकतो.

Monday, June 15, 2015

Sebi probes SMS scam promising huge 'option' returns

 Sebi has launched an SMS investor awareness campaign, wherein the investors are being warned against falling prey to fraudulent claims of huge returns.
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A major investment scam has come under the scanner of markets watchdog Sebi where gullible investors were being lured through SMSes and WhatsApp with promise of multi-fold returns from 'options' trading, while betting on important policy decisions, including of RBI.

The modus operandi involved reaching out to potential investors through social media and SMSes in which fraudsters sought investments of Rs 5-10 lakh with promise that returns could be as high as Rs 75 lakh within a day or two.

The fraud came to light early this month when SMSes were being sent out that "a capital investment of Rs 5 lakh in bank index options ahead of the RBI's monetary policy review" could earn a profit of as much as Rs 75 lakh just in a day.

RBI held its last monetary policy review on June 2, where it lowered its policy rate for the third time this year.

While a rate cut was widely expected, the markets had seen a huge volatility around the RBI review with punters making huge profits on each move in the stocks and indices.

According to a senior official, capital markets watchdog Sebi is keeping a hawk's eye vigil on investment scams being perpetrated through SMSes, WhatsApp and the various social media platforms.

Sebi has also launched an SMS investor awareness campaign, wherein the investors are being warned against falling prey to fraudulent claims of huge returns.

A number of cases have come under Sebi's scanner where the investors are being lured through SMSes, while the modus operandi of such fraudsters involves use of different mobile numbers for spreading such messages.

The official said that Sebi, using the powers granted to it last year, is seeking details from the mobile operators about the users of such numbers. Besides, it is getting details from the banks about the account numbers in which such investors are asked to deposit the money, mostly through online transfers.

One big racket that has come under the scanner was luring the investors in the name of the expected rate cut decision of RBI, just before the monetary policy review on June 2.

The same set of persons have also been found to be involved in some other sets of SMSes wherein the investors were being promised profits ranging from Rs 8 lakh to Rs 18 lakh within two days through stock options, on investments of Rs 1-2 lakh.

Sebi has already busted some cases where some persons were found offering unauthorised 'trading tips' through Short Message Service (SMS) and WhatsApp messages via mobile phones, while there are instances where debarred persons have again hit the market using new names and newly created entities.

Sunday, June 14, 2015

Mahesh Motewar - Samruddha Jeevan Foods defined in Section 11AA of the SEBI Act. - Fraud company

Samruddha Jeevan Foods and its directors are barred from raising money from investor under any of its schemes. SEBI also asked them not to dispose of any assets or divert funds raised from public

Market regulator Securities and Exchange Board of India (SEBI) has asked Samruddha Jeevan Foods India Ltd and its directors Mahesh Kisan Motewar, Vaishali Mahesh Motewar and Ghanshyam Jashbhai Patel not to collect money from investor.

In an order, S Raman, whole time member of SEBI directed the company and its directors "not to collect any more money from investors including under the existing schemes, not to launch any new schemes, not to dispose of any of the properties or alienate any of the assets of the schemes and not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of the company."

SEBI said Samruddha Jeevan Foods was prima facie found to be engaged in fund mobilising activity from public by floating 'collective investment schemes' (CIS) as defined in Section 11AA of the SEBI Act.

Wednesday, June 3, 2015

Actress Maria Paul, live-in partner held for duping 1,000 people of Rs100crore

The police have seized 117 imported watches, 12 mobile phones and Rs3.5 lakh cash from the Goregaon residence of the couple. 
 
The Economic Offences Wing (EOW) of Mumbai police has arrested South Indian actress Leena Maria Paul of Madras Cafe fame, her live-in partner Chandrashekar and four of their accomplices for allegedly floating a bogus investment scheme and duping around 1,000 people of Rs 100 crore.
According to EOW slueths, the couple were arrested from Goregaon on Friday after they received specific information about a money-multiplier scheme operated by Chandrashekhar under a company called 'Lion Oak India'. During investigation, it came to light that Paul, Chandrashekar and their accomplices – Adil Akhtar Jaipuri, Akhtar Hussain Jaipuri, Salman Rizvi and Nasir Jaipuri – were illegally accepting cash deposits in 21 bogus schemes.
The police have seized 117 imported watches, 12 mobile phones and Rs3.5 lakh cash from the Goregaon residence of the couple. "We have also seized nine cars, including Audi, Mercedes, Bentley, Maserati, Nissan and Tata Safari. The total worth of the seized vehicles is Rs5 crore. A bike worth Rs23 lakh has also been seized," said joint commissioner of police (EOW) Dhananjay Kamlakar. "Chandrashekar would roam around with bodyguards in expensive cars and maintain a lavish lifestyle to lure potential investors," he added.
The couple would accept investments ranging from Rs5,000 to Rs5 lakh, promising returns of 20% per month as well as a Tata Nano car. The accused would allegedly promise the investors that their investment would reap a 300% return in total. The EOW team also recovered over 1,000 scheme holders' documents from the residences of all the accused. The couple would allegedly issue investment certificates to their clients and, in some cases, also make bogus notary agreements to make the transactions look genuine. The police have also recovered several investment certificates.
Paul and Chandrashekar were earlier arrested from Delhi and Kolkatta, respectively, in connection with a case registered against them in Chennai. In this case, the duo had allegedly cheated the manager of Canara Bank in Chennai by taking a loan of Rs19 crore and absconding with the same in 2013. The duo had done so by providing fake contracts for government work uniforms. Paul and Chandrashekar are currently out on bail.

Ashtavinayak scam: EOW arrests 3 exec directors of production firm

The Economic Offences Wing (EOW) of the Mumbai police arrested three executive directors of Ashtavinayak Cine Vision for their alleged role in the Rs824 crore scam involving a cluster of shell companies. The three arrested accused had been absconding for the last six months.
The Economic Offences Wing (EOW) of the Mumbai police arrested three executive directors of Ashtavinayak Cine Vision for their alleged role in the Rs824 crore scam involving a cluster of shell companies. The three arrested accused had been absconding for the last six months.
According to EOW officials, the accused have been identified as Rupen Amlani, Dhaval Jatania and Hiren Gandhi. "The three had been on the run since the case was registered. Finally, we received concrete information that they were coming to Mumbai and we nabbed them," said an EOW officer.
"The trio signed on documents as executive directors of the three shell companies floated by Ashtavinayak Cine Vision to show black money as white."
The trio has been remanded in police custody till May 16. Till date, the EOW has arrested 12 people in the case.
A complaint was registered against the directors of Ashtavinayak Cine Vision on the basis of a complaint lodged by a shareholder of the company — film financier Tejpal Shah. Shah had alleged that in 2007 he was to receive Rs41 crore from Ashtavinayak for some production work that he had carried out for it. Shah approached the high court when Ashtavinayak failed to give him his dues. On the direction of the court, the company then issued Shah a cheque, which bounced. The company then paid him Rs4.5 crore hoping to settle the matter.
Shah, however, filed a case under the Negotiable Instruments Act and also moved the Company Law Board (CLB). The CLB, after scrutinising documents, unearthed a bigger scam and appointed former bureaucrat Sharad Upasani to probe the case. Upasani's probe revealed that Ashtavinayak had formed five companies in India to produce and distribute films and had disbursed Rs380 crore to them. It had also created a subsidiary in Dubai for the same reason and remitted Rs444 crore to it. In all, investigators said, the company had diverted Rs824 crore.
"When no movie was made by the subsidary companies, Ashtavinayak did not make any inquiries and took no action, which is what raised suspicion," said an EOW officer. "CLB then asked us to probe the case and Shah approached us with a complaint, following which we registered a case."

4 PSEB officials booked for misusing Rs 10 crore

Following a report of the Punjab vigilance bureau, police have booked four employees of the Punjab School Education Board (PSEB) for allegedly misusing Rs 10 crore from the sports fund.
The complainant, registrar of the education department, SAS Nagar, alleged that Darshan Singh Atwal, Roopa Saini, Preetam Singh Chhabra and Harjinder Singh, all employees of the education department, Punjab, missutilised Rs 10 crore from the sports fund. Some of them have already retired from service, stated the report.
The complainant stated that the issue dated back to 2009-10, the Punjab education department office was located in Sector 17, Chandigarh.
The case, being investigated by the economic offences wing (EOW) of the UT police, was registered after a complaint from the Punjab vigilance department a month ago.
Meanwhile, inspector Charanjit Singh, posted with the EOW of the UT police, said a case under sections 409 (criminal breach of trust by a public servant, or by banker, merchant or agent), 420 (cheating) and 120-B (criminal conspiracy) of the Indian Penal Code has been registered. “The allegations pertaining to the cheating and misuse of funds are yet to be ascertained as probe is still on, he said.

Realtor Pintu Chhabra may buy out Madhya Pradesh's first mall-cum-multiplex

The ownership of MP’s first mall-cum-multiplex, Treasure Island, might soon change hands, with Indore’s real estate tycoon Pintu Chhabra holding talks with promoters of the shopping mall located on the MG Road.


Treasure Island mall was closed for renovation four months ago

The Rs 285-crore deal, however, will take around a month to mature, insiders say.
The plush mall-cum-multiplex has been at the centre of controversy ever since it was inaugurated in 2005.
Three years back, in 2012, the Madhya Pradesh high court had directed the CBI to probe into the role of former state chief minister Digvijaya Singh in an alleged irregularity in the construction of the mall.
However, the CBI in March 2014 had given the senior Congress leader a clean chit in the case.
The mall, developed by EWDPL, faced rough weather after promoter Manish Kalani defaulted on a loan taken from the Allahabad Bank.
The bank, which has to recover more than Rs 140 crore, had issued an auction notice for Treasure Island in February 2015.
However, the auction, which was scheduled for March 30, did not take place.
"The deal amount (Rs 285 crore) is inclusive of the (loan) sum that will be paid back to the bank," a source told Hindustan Times.
Kalani could not be contacted for comments, while Chhabra declined to affirm the reports of the buyout.
With a floor area of about six lakh square feet, the swanky mall-cum-multiplex has been a favourite shopping destination for the city’s upwardly mobile for the past many years.
The mall has been closed for the past four months for renovation work and is scheduled to reopen in August.
Case agaonst 11
In February 2009, the state bureau of investigation for economic offences, commonly known as the EOW, lodged an FIR against 11 people, including the former chief minister Digvijaya Singh, former MP housing board chairperson Chandraprabhash Shekhar and three IAS officers for giving undue benefits to the promoters of the mall. However, the EOW in May 2012 cleared Digvijay Singh of any wrong doings.

Mobile app to allow people to file FIRs expected by June

Moving a step forward in its mission “smart and people friendly policing”, the Delhi Police are now going to launch a new Mobile Application wherein victims of economic frauds and cyber crimes can file their FIR online. The new mobile application will be named “Economic offence & Cyber crime App”.
With the launch, victims will no more be running from pillar to post to get their complaints registered. The high-tech mobile App will also have the option to attach documents and evidence supporting the allegations made by the complainant.
The moment the investigating officer concerned verifies the documents and evidence, an FIR will automatically be registered and the complainant will get an alert on his/her mobile phone. The FIR will automatically get transferred to the concerned police station.
Taj Hassan, special commissioner of police (crime branch and EOW), said the proposal for the new App has been approved by commissioner BS Bassi.
A leading software company has been roped in to create the mobile application, Hassan said.
“Our prime objective is to provide people a transparent system which will certainly curb complaints of harassment by police personnel,” said Hassan.
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This mobile application is expected to be launched by June.
Explaining the characteristics and functioning of the new mobile application, a senior EOW officer said the app will have a drop down menu, containing different options as per the nature of the offence.
In the drop down menu, the user will have to choose one of the options, according to the offence committed against him/her. After selecting the option, the complainant will attach supporting documents. The complaint will either attach scanned copies of the documents or can only mention details of such documents with the complaint, the EOW officer said.
“The second stage will be the scrutiny of complaints and related documents. There will be a set of questions for both the complainant and accused. Their responses will be verified by scrutiny officers. A final decision to register the FIR will be taken accordingly,” he said.
While FIRs in economic offences involving amount exceeding Rs. 2 crore will be registered with the EOW, only after the approval of special CP (crime and EOW), other such FIRs will be registered and probed at local police stations.

Maharashtra: More power to cybercrime units, EOW

In the wake of scams such as the NSEL and QNet that rocked Maharashtra and the increase in cyber crimes, the government is preparing to crackdown on financial crimes, by strengthening the Economics Offences Wing (EOW) and cyber crime units.
Addressing the legislative council on the issue of law and order, chief minister Devendra Fadnavis said these departments will be revamped in the coming days.
He said the EOW would soon collaborate with various agencies. “We have asked the RBI [Reserve Bank of India] to give us a competent expert, who will help us to sell off assets seized from those accused of financial crimes. We will use their expertise to sell of these assets and pay back the depositors,” said Fadnavis.
He said assets worth Rs 6,000 crore has been seized from the NSEL (National Spot Exchange Limited) scam -accused and Rs 2,000 crore from the KBC Chit Fund scam accused. “We have also appointed a CA (Chartered Accountant) panel to assist our officials. Both RBI and SEBI officials will educate our officials in the coming days,” he said.
Fadnavis praised the state’s cyber crime unit, saying it was doing commendable work despite battling staff shortage and inadequate infrastructure. He said approximately 1,000 officials will soon be recruited and a cyber cell will be established in every district.
“We will work with NASSCOM [The National Association of Software and Services Companies] on this mission,” said Fadnavis.
The chief minister said though the cyber crime unit has been regularly monitoring the various social media websites to block objectionable content, it faced regular hurdles. “We have requested the Centre to establish a branch of Indian Computer Emergency Response Team (CERT) in Mumbai, so that objectionable material can be blocked instantly, to avoid untoward incidents.”
He said at present, most such material is posted from foreign countries, and on Friday night. The cyber cell has to approach CERT to block them, a procedure which takes at least two days.

Lion Oak India - EOW arrested ‘Madras Cafe’ actress Leena Maria Paul

Actor, 3 of lyricist’s kin held for cheating people of Rs.10cr



'Madras Cafe' actress Leena Maria Paul and her partner Shekhar Chandrashekhar were arrested by the Economic Offences Wing for cheating nearly 1,000 Mumbaiites of Rs 10 crore.


MUMBAI: Six people, including an actress, her partner and the son, grandson as well as a nephew of legendary lyricist Hasrat Jaipuri were arrested on Tuesday for cheating nearly 1,000 Mumbaiites of Rs10 crore.
The Economic Offences Wing (EOW) arrested ‘Madras Cafe’ actress Leena Maria Paul, her partner Shekhar Chandrashekar, and Jaipuri’s grandson Adil Hussain Jaipuri, son Akhtar Hussain Jaipuri and nephew Nasir Mumtaj Jaipuri. Another person, Salman Pheroz Rizvi, was also arrested.
EOW officers recovered nine high-end cars, including a Maserati, Bentley, Mercedes, Audi, Nissan, among others worth Rs5 crore from Paul and Chandrashekar’s house. The agency also recovered 117 imported watches worth Rs1.17 crore from the house. The accused were produced before a local court, which remanded them in police custody till June 4.
According to EOW officials, Chandrashekar and his associates operated a money-circulating scheme under a firm named ‘Lion Oak India’ and illegally accepted cash deposits by floating various bogus schemes.
Dhananjay Kamlakar, joint commissioner of police (EOW) said, “They would accept cash deposits anywhere in the range of Rs5,000 to Rs30 lakh.”
It is not the first time Paul and her partner Chandreshekar have been arrested for cheating. In May 2013, the duo had been arrested from a farmhouse in south Delhi for allegedly cheating a Chennai bank of Rs19 crore.

2 yrs later, duo behind bars again


Rs. 10-CRORE RACKET Madras Cafe actor, live-in partner were arrested in 2013 for cheating a Chennai bank of Rs. 19 crore

CHANDRASHEKAR MET ADIL JAIPURI, GRANDSON OF LYRICIST HASRAT JAIPURI, AT A GYM. ADIL WAS IMPRESSED BY HIS MONEY-MAKING SCHEME

From page 01 MUMBAI: This is not the first time Madras Cafe actor Leena Maria Paul and her live-in partner Shekhar Chandrashekar have been arrested.

In May 2013, the two ended up behind bars after cheating a bank in Chennai of Rs19 crore.
Paul was arrested from a farmhouse in south Delhi. At the time, the police had seized nine luxury cars, including a Rolls Royce, Land Cruiser, Land Rover, BMW, and 81 high-end watches from the couple.
“The two left Chennai and relocated to Mumbai. Here, they floated a money-circulating scam to make a quick buck,” said Dhananjay Kamlakar, joint commissioner of police, economic offences wing (EOW).
E OW officials said Chandrashekar and Paul ran a bogus firm, Lion Oak India, at Andheri (West) and accepted cash deposits for various fake schemes — Lucky Number 5, Special Harvest Week, Super Harvest Plus, among others. They cheated nearly 1,000 Mumbaiites of Rs10 crore.
“Chandrashekar met Adil Jaipuri, g randson of lyricist Hasrat Jaipuri, at a gym. Impressed by Chandrashekar’s quick money-making scheme, Adil, who worked as a personal trainer, took on the job of bringing in more clients,” said Dinesh Joshi, senior inspector, EOW, adding that Chandrashekar claimed to be the managing director of the firm.
Adil got his father Akhtar and a relative, Nasir Mumtaj Jaipuri, involved in the business. The accused then started operating a fly-by-night firm in Andheri (West), the police said
According to EOW officials, the accused would promise investors nearly 300% returns of their investment, with 20% of it being paid each month.
During a recent raid at Hasrat Jaipuri’s Ghazal Villa, where his son Akhtar and grandson live, the police recovered 131 investment certificates and handwritten manuscripts of calculations.
At l east 274 i nvestment receipts and agreements were recovered in a subsequent raid at Nasir’s Mira Road house. “To make the scheme look genuine, Chandrashekar would give his customers signed certificates. In a few cases, he also notarised the agreements. We have recovered nearly 1,000 such certificates from the accused,” said Jagdish Kulkarni, inspector EOW.

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