Page 2 - Offshore Assets News Today

China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking the developer's offshore assets as its cash crunch worsened and it scrambled to pull together a debt revamp plan. Evergrande's offshore bondholders are expected to sharpen their focus on offshore assets as the developer's debt restructuring plan flounders with the founder now being investigated over suspected "illegal crimes". The debt restruct...

Russian billionaires have pulled assets worth $50 billion from so-called "unfriendly" European countries since the start of the full-scale war due to mounting sanctions and pressure from the Kremlin, Bloomberg reported on Sept. 14.

Till now many bought time and tried to dodge the tax office by denying ownership or links with any overseas assets with false submissions, often made in letterheads of their chartered accountants and lawyers. Later, if tax officials called their bluff, such plain submissions gave them the leeway to escape harsh consequences.

Key factors for non-residents inheriting money from South African estates: tax residency, emigration, and exchange control regulations.

/PRNewswire/ --The federal government is not messing around when it comes to targeting improperly concealed foreign assets. Offshore tax evasion schemes have...

"The approval for the acquisition of the next-gen missile vessels would help to "replace the ageing missile vessels and we needed a replacement. It will give a boost to the Navy and the nation," he added.

Of the 11 ships, seven will be indigenously designed, developed and manufactured by GSL and four by GRSE. The delivery of the ships is scheduled to commence in September 2026.

The Indian Ministry of Defence has signed contracts with local shipyards for the construction of 11 next-generation offshore patrol vessels (OPVs) and six next-generation missile vessels (NGMVs) for the Indian Navy.

In a huge boost to achieve ‘Aatmanirbharta’ in defence, Ministry of Defence, on March 30, 2023, signed contracts with Indian shipyards for acquisition of 11 Next Generation Offshore Patrol Vessels and six Next Generation Missile Vessels at an overall

MoD signs Rs 19,600-crore contracts with Indian shipyards for acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels for Indian Navy; MoD also inks over Rs 9,100-crore contracts for improved Akash Weapon System and 12 weapon locating radars Swathi (Plains) for Indian Army