british virgin islands

A California tech executive, Jamshid Ghomi, has been arrested for allegedly aiding Iran in acquiring restricted U.S. computer equipment for over a decade. Prosecutors state Ghomi used the codeword "Motherland" to disguise shipments of networking, security, and encryption technology to Iranian entities, including those linked to its nuclear and military programs, in violation of U.S. sanctions.

Jamshid Ghomi, a dual US-Iranian national, has been arrested for allegedly violating US sanctions by shipping sophisticated US-origin technology to Iran. He is accused of supplying networking, security, and encryption equipment to Iran's nuclear and military establishments, earning millions and laundering proceeds into his US accounts.

Sullivan & Cromwell has apologized to a Federal judge for AI-driven errors in a bankruptcy case filing. The motion contained fictitious case names, fabricated quotes, and non-existent statutes, attributed to "AI hallucinations." The firm stated it failed to follow its verification protocols, regretting the burden on the court and parties involved.

Tropical Storm Ernesto is forecasted to strengthen into a hurricane, moving north of the Greater Antilles. It'll impact the Leeward Islands, Virgin Islands, and Puerto Rico with substantial rainfall and potential storm surge. Puerto Rico remained under tropical storm warning with mobilized national guard and postponed public school classes for preparation.

New Delhi, May 13 () Investigators, probing the 'Panama Papers' leak where several hundred Indian identities figure, have found that a number of these offshore asset investments have been made in the tax haven of british virgin islands (BVI).

The international taxation wing of the Gujarat income tax department has issued notices to several multinational companies and Gujarat-based private companies over transfer pricing leading to revenue adjustments of around Rs 1,300 crore.

Tropical Storm Tammy has formed in the central tropical Atlantic and is moving westward towards a group of islands. Tropical storm watches have been issued for Barbados, Dominica, and Martinique and Guadeloupe. Tammy is expected to bring heavy rains to the Windward and Leeward Islands, as well as the U.S. and british virgin islands and Puerto Rico. The storm could cause flash flooding, urban flooding, and mudslides in higher terrain.

A four-member team of investigators will leave for Europe on Sunday to probe the money trail of 2G scam in tax havens.

A british virgin islands entity has been found to be fraudulently using Tata brand name to lure investors to online investment plans promising huge monthly returns of up to 100% for payments made in bitcoins and some other virtual currencies.

The top 10 investment destinations for Indian companies are all tax havens, if the US and UK which figure at No. 4 and No. 8, respectively, are discounted.

Tax authorities have obtained fresh information from France on the so called HSBC cases and a visit to british virgin islands has yielded positive outcome as the government steps up its fight against black money.

The Oberoi Group is consolidating its international operations under the group flagship EIH Ltd. It has decided to buy the stake of its joint venture partner Amex Investment Ltd of Hong Kong in its international hotel JV company EIH Holdings Ltd, based in british virgin islands.

Eugenie Bouchard shared photos from a calm vacation in the british virgin islands after retiring from tennis in July. The 31-year-old traveled with her brother, Will Bouchard, and enjoyed beach time and snorkeling. She also appeared at a tennis event with Sloane Stephens. Bouchard ended her career in Montreal after losing to Belinda Bencic.

A cat-and-mouse game is about to begin between Indian tax authorities and wealthy individuals who find their names in the public domain for allegedly floating companies in the british virgin islands (BVI) to stash away undisclosed wealth.

The income tax (I-T) department has not been able to make any headway in detecting the offshore investments by Indians, including 20 big names from Andhra Pradesh, in the safe havens abroad.

Probing the trail of 50 million Euros as bribe money in the AgustaWestland scam, a team of CBI officers recently went to Milan and collected crucial evidence on those whose names were mentioned by the Italian prosecutors in connection with the Rs 3546 crore VVIP choppers deal. The agency claimed its fresh visit, the third in the scam since 2013, has given a "new impetus" to the probe.

Even as the present debate over black money is focused mostly around the names of 628 Indians with account in HSBC, Geneva, the authorities have a list of another 612 Indians with accounts in tax havens around the world.

At least four individuals have received summons this month following criminal complaints filed by the income tax authorities.

The automobile-to-aviation group has come across a british virgin islands based Tata Agro Holding, claiming to be its subsidiary and offering a range of investment plans with a monthly profitability of up to 100%.

Stepping up its hunt for black money stashed abroad, India has approached Switzerland for banking details of at least ten persons and entities suspected to have kept untaxed money in Swiss banks. These include two listed textile companies, while others are associated with an art curator and his carpet export business.