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India's Enforcement Directorate has frozen assets of a property company and associated individuals worth approximately 4,100,000,000 Rupees (just over GBP40 million /USD55 million) arising from allegations of fraudulent loan applications and subsequent money laundering.

It's incredible how many spammers (not, scammers) don't think that their standard of English reflects on the quality of work they might offer.

Below is an example of the many spam e-mails that find their way into our electronic shredder because we don't want to read them but, sometimes, it's worth looking to see how advertising is presented. This example is never, ever, going to get business from any business that requires professional standards of itself and its suppliers.

CoNet Section: 

I get it. India has more than 1,000 million people and lots of them work in some IT related job and they all have to earn a living. But, why do they all have to plunder our details from domain name registrations and send us offers for their services. Do they not realise that there are hundreds, literally hundreds, of them doing that every single day.

CoNet Section: 

The sentencing to three years of those involved in a case involving bank loans to a company that then defaulted gives some indication as to why Vijay Mallya is so reluctant to return to India from his UK hideaway.

FCRO Subsection: 

India's Enforcement Directorate (ED) is involved in a rapidly increasing number of cases where money laundering is alleged and it is not afraid to go after high-profile, well connected, targets. But the latest case to gain publicity is even more sensitive than others. And the ED is finding itself the target of unwelcome attacks by some of India's most powerful people.

India's Directorate of Revenue Intelligence has had a string of successes of identifying cash couriers and confiscating large sums at borders. The methods used by the carriers are instructive.

You can't keep a good man (or woman) down, unless you're the Indian government in which case your caste, or formal class, can bar you from being employed. How do they know? You have to present a certificate of your caste before even getting an interview.

CoNet Section: 

For much of the past 25 years, Nigel Morris-Cotterill has argued that any corporate structure that goes is more than three layers deep should be regarded as prima facie suspicious unless a good commercial and legal reason can be established. Incredible India, which is turning from a sink hole for dirty money into a leader in developing structures and policies to combat financial crime has just announced that Indian groups will not be permitted to have more than two layers of subsidiaries. That's going to cause major consternation amongst Indian corporates which use complex structures to minimise tax revenues and to avoid exchange control measures, as well as to hide proceeds of fraud and other offences.

A passenger who built his own mobile phone charger has been released by police in India. It had been identified by airport scanners as a possible bomb.

CoNet Section: 

When the most powerful anti-corruption body in a country as big and as corrupt as India tells banks to shape up and go back on dodgy deals to ensure recovery, the results may turn out to be shocking.

We've been asking questions about Vijay Mallya for a very long time and not just in relation to the funding of his Formula One team, now rather less dependent on the group of companies he headed than it once was. Then again, the group isn't what it was, either, despite what it says on e.g. Expedia. Now he's been arrested, in London, the main questions are why has it taken almost a year since India cancelled his passport and asked for him to be sent back.

CoNet Section: 

When India decided to remove, without warning, two large value notes from circulation and cancel their legality, Economists chugged their drinks and were delighted that India would be pulling back into some kind of order the unsustainable position that the vast majority of the money in circulation was held outside the banking sector, in cash. But behind the scenes, there was a shadow hunting through the depths of the data that the exercise generated. And now that shadow is found to have some large and sharp teeth.

India's national financial crime investigative service, the Enforcement Directorate, has dramatically increased the number of money laundering prosecutions it is bringing.

A report in India Today says that "only 3 to 5 per cent of the [hawala] trade is functioning now."

Forgive us for being sceptical.

Also, we are quietly irritated by the Indian media's habit of equating hawala with money laundering and, in some cases, saying they are the same.

The Australian government has been delighted that inward investment is to develop a coal mine in the Galillee Basin in North Queensland. But, as one media outlet has discovered, the Aussies appear to have failed to ensure that the company they are dealing with is entirely trustworthy. Indian company Adani is subject to several official investigations - and an investigative journalism team in Aus is uncovering more and more issue of concern. Why don't governments have to follow the same KYC and Risk Management standards as banks, etc.?