criminal prosecution

How China’s smaller private firms may be paying the price for huge local government debts

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How China’s smaller private firms may be paying the price for huge local government debts

Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for … Read more

Supreme Court to see if Black Money Act can be used retrospectively

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Supreme Court to see if Black Money Act can be used retrospectively

The Supreme Court has agreed to look into the retrospective applicability of a provision in the Black Money (Undisclosed Foreign Income and Assets) Imposition of Tax Act, 2015, under which the revenue department can initiate criminal prosecution against businesspeople for violations that were allegedly committed much before the law came into force. A bench led … Read more