IMDB scandal-linked company closed down

Police in neighbouring Singapore, who are investigating allegations billions of dollars have been pillaged from 1MDB, have listed Mr Low as the beneficial owner of ADKMIC’s bank accounts.


Tax authorities' amnesty schemes have failed miserably

The scheme attracted over 4.75 lakh declarations of which 3.09 lakh pertained to jewellery and other movable chattels. VDIS of 1997 allowed 'declarants' to disclose their possession at back­dated values.


New tax chief to target the rich

He reasoned that only 27 million people payed taxes out of 129 million people categorized as middle and upper class