Benami property
The Central Bureau of Investigation filed a charge sheet against 13 accused people in the Adarsh Housing Society scam, including the former Maharashtra Chief Minister, Ashok Chavan, the former MLC, Kanhaiyalal Gidwani, senior retired Army officials and bureaucrats and a former employee of the Defence Ministry. Charge sheet has also been filed against senior bureaucrats [...] Continue Reading »
Benami transactions are one of the ways in which black money is circulated and invested. The Benami Transactions (Prohibition) Bill 2011, introduced by Finance Minister Pranab Mukherjee, will replace the existing Benami Transactions (Prohibition) Act, 1988. The Bill seeks to prohibit the holding of property in benami and restrict the right to recover or transfer [...] Continue Reading »
