Over 100 STRs under probe for laundering
Indian financial intelligence sleuths are looking into over 100 suspicious transactions following requests from their foreign counterparts in the last fiscal for alleged black money and tax evasion.
A total of 113 requests of Suspicious Transactions Reports (STRs), highest in the last five fiscals, were received by Financial Intelligence Unit-India during 2011-12 and shared with intelligence, law enforcement agencies and regulators, officials said. These STRs were sent from foreign financial intelligence units and were mainly related to alleged money laundering, they said.
"The STRs were shared with agencies including Enforcement Directorate, Directorate of Revenue Intelligence, Directorate General of Central Excise and Intelligence and Securities and Exchange Board of India among others," a source said.