Core Insights - An investigation into India's restaurant industry has revealed alleged tax evasion, with several prominent biryani and dining chains under scrutiny for concealing sales amounting to Rs700 billion ($7.7 billion) since the financial year 2019-2020 [1][3] Investigation Details - The Income Tax Department's Hyderabad unit conducted the investigation using forensic data analytics and AI tools to analyze 60 terabytes of billing records from over 100,000 restaurants [2] - The billing software platform analyzed accounts for approximately 10% of India's restaurant billing market, linking to around 177,000 restaurant IDs [3] Findings on Revenue Concealment - Investigators identified suppressed turnover of at least $7.7 billion since 2019-2020, with the department yet to finalize tax demands or penalties on the concealed income [3] - Restaurants across India reportedly executed post-billing deletions totaling Rs133.7 billion, with the highest deletion activity noted in states like Gujarat, Karnataka, Maharashtra, Telangana, and Tamil Nadu [3][4] Patterns of Deletion - A recurring pattern observed was the selective deletion of cash invoices, where restaurants allegedly retained only a portion of cash entries while deleting others to minimize income tax and GST exposure [5] - Investigators also found a "bulk deletion" method, where bills for selected date ranges—sometimes up to 30 days—were erased before tax returns were filed, showing only a fraction of actual sales [5] Scope of the Investigation - The reviewed database encompassed Rs2,430 billion of billing across six financial years from 2019-2020 to 2025-2026 [6] - High-capacity systems and AI tools, including generative AI, were employed to analyze transactions and map GST numbers to individual restaurants using publicly available information [6] - Following initial findings, the Central Board of Direct Taxes has decided to broaden the investigation to include a wider array of restaurants across India [6]

Core Viewpoint - A former investment advisor, John Masanotti Jr., has been sentenced to 7.5 years in prison for orchestrating a Ponzi scheme that defrauded investors of over $4 million [1]. Group 1: Case Details - John Masanotti Jr., aged 71, pleaded guilty to charges of wire fraud and tax evasion in October [1]. - The Ponzi scheme involved falsely promising victims that their investments would be placed in foreign currencies or companies preparing to go public [1]. Group 2: Financial Impact - The total amount defrauded from investors in the Ponzi scheme exceeded $4 million [1].

RT Grant Smith Ellis (@GrantSmithEllis)Yep.2015 CIA "Agency Award" winner Kathy Ruemmler --former White House Counsel to President Obama and now top lawyer at Goldman Sachs-- was paid $10 million by the Rothschild family, via sex offender Jeffrey Epstein, to resolve a $45 million tax evasion case with the DOJ.I reported on this starting February 5, 2026, and took the story through until Ruemmler resigned from Goldman Sachs on Thursday night.God bless America. The Republic lives to fight another day.https:// ...

Crypto OTC Desks ‘Tool for Tax Evaders and Money Launderers’: J5https://t.co/xqVZ6IOf92 ...

Ecuador prosecutors and police in a pre-dawn raid detained Guayaquil Mayor Aquiles Alvarez in connection with a money laundering and tax evasion probe. https://t.co/KABGaGKdsQ ...

RT brane mijatovic (@brane_mija64426)😨 Russia vs. deep state: How the Rothschilds tried to grab the nation's oil through KhodorkovskyThe Rothschild family has long coveted Russia’s natural wealth — and after the USSR collapsed, it moved in to seize it.How exactly did they try to do this?➡️ In 2024, former head of Russian oil firm Yukos, Mikhail Khodorkovsky, revealed that Lord Jacob Rothschild acted as the company’s protector, who was ready to transfer a controlling stake if Khodorkovsky faced pressure➡️ Wh ...

Igor Runets, the founder of Russia’s biggest crypto mining firm BitRiver, has been put under house arrest on tax evasion charges https://t.co/OX2wEJPozk ...

IRS Funding and Operations - IRS funding is crucial for government services and scrutinizing tax evasion/delinquency [1] - The 2022 Inflation Reduction Act aimed to address IRS understaffing issues [1] - Hiring of new IRS agents was halted, leading to potential understaffing [2] - Approximately 26,000 people have left the IRS [2] - Reduced IRS staffing may lead to decreased efficiency and output [2] Political Influence - Republicans believed the IRS received excessive funding from the Inflation Reduction Act [2] - Actions were taken to undermine and limit the powers of the IRS [3]

Crime & Legal - Donald Trump could assist Brazil in combating organized crime [1] - The assistance involves arresting a Florida resident accused of being Brazil's biggest tax evader [1] International Relations - The situation involves the US and Brazil [1]

Regulatory Compliance - Hong Kong government initiates public consultation on revisions to Crypto Asset Reporting Framework (CARF) and Common Reporting Standard (CRS) [1] - Aims for automatic exchange of crypto asset tax information with partner jurisdictions reciprocally from 2028 [1] - Implementation targeted from 2029 to combat cross-border tax evasion [1]