SNA - India's Enforcement Directorate file charges against Singapore firm for money laundering and forex violations

The ED has filed the complaint (equivalent to a charge sheet) against the firm -- Pico Event Marketing Private Limited -- for allegedly contravening foreign exchange rules for undertaking overlays works during the Games. The Singapore-based firm will soon be issued notices to explain their case to the adjudicating authority of the ED, who is probing a host of transactions and events related to the Games for alleged charges of money laundering and forex violations.

Full article: http://singaporenewsalternative.blogspot.com/2011/12/indi...

Tweets

SNA - Myanmar approves transferring money of mi...

Yangon, Dec 25 (ANTARA) - Myanmar Ministry of Finance and Revenue has given green light to proposals of authorized dealer ...

Honeymoon over for Europeans and their money

channelnewsasia.com 26 Dec '11, 5am

BERLIN: The euro, rolled out as a cash currency with a string of promises about easy travel, European unity and stable pri...

SNA - India rescues girls bound for Singapore a...

NEW DELHI: Mumbai police exposed a flesh trade racket involved in sending bar girls to South-East Asian cities to work as ...