Cash Seizure News

world1 month ago•5 min saved

Hungary detains Ukrainian bank employees, seizes cash in money-laundering probe

Hungarian authorities detained seven Ukrainian employees of the state-owned Oschadbank and seized two armored cash-transport vehicles carrying $40 million, €35 million, and 9 kilograms of gold on suspicion of money laundering; Kyiv denounced the move as hostage-taking, while Hungary expels the Ukrainians amid broader tensions with Ukraine over Russian oil shipments and electoral politics that have strained the two countries.

via AP News|

#cash-seizure #hungary #money-laundering

politics2 years ago•1 min saved

Massive Cash Seizures Expose Alleged Money Laundering Network Involving Congress MP

The income tax department has seized nearly Rs 340 crore in what is being called the largest cash haul in a single operation in Odisha, from multiple factories of an Odisha-based distillery linked to Congress's Jharkhand MP Dhiraj Sahu. The cash is currently being counted by over 50 bank employees using 40 machines, and the enforcement directorate is expected to investigate the money trail and potential money laundering aspects once the counting is complete. The Congress party has distanced itself from Sahu, stating that it is not connected to his businesses.

via Times of India|

#cash-seizure #congress-mp #i-t-raids

politics2 years ago•1 min saved

Massive Cash Haul of Rs. 1,395 Crore Unearthed in Ongoing I-T Raids in Odisha

The income tax department has seized nearly Rs 340 crore in what is being called the largest cash haul in a single operation in Odisha, from multiple factories of an Odisha-based distillery linked to Congress's Jharkhand MP Dhiraj Sahu. The cash is currently being counted by over 50 bank employees using 40 machines, and the enforcement directorate is expected to investigate the money trail and potential money laundering aspects once the counting is complete. The Congress party has distanced itself from Sahu, stating that it is not connected to his businesses.

via IndiaTimes|

#cash-seizure #congress-mp #i-t-raids

politics2 years ago•3 min saved

Massive Cash Haul Exposes Congress MP's Financial Controversy

The income-tax department's searches against an Odisha-based distillery company, owned by a Congress MP's family, have resulted in a cash seizure of Rs 351 crore, making it the "highest-ever" haul in a single action by any probe agency in India. The raids, which have been ongoing for five days, were conducted on charges of tax evasion and "off-the-book" transactions. The cash is believed to be unaccounted money earned from cash sales of country liquor. The BJP has criticized the Congress and other opposition parties, accusing them of fearing exposure of their corruption.

via NDTV|

#cash-seizure #congress-mp #corruption

crime2 years ago•2 min saved

DEA Agents Conduct Controversial Cash Seizures at Airline Gates

DEA agents disguised as ordinary passengers are conducting searches on airline passengers at their gates, targeting minorities and seizing cash without making any arrests. Passengers are often unaware that they have the right to refuse the search, but doing so may result in detention. The government's civil asset forfeiture process requires victims to prove that the seized money was not involved in a crime in order to get it back, often through a complex and partial settlement. The agency seizing the money is allowed to keep a portion for themselves. This abusive practice has led to lawsuits and a nationwide class action. It is advised not to carry large amounts of cash at the airport, as it can be subject to confiscation.

via View from the Wing|

#airport-security #cash-seizure #civil-asset-forfeiture