Suspended Trinamool Congress MP Kunal Ghosh, who was arrested on November 23 in connection with the Saradha Group chit fund scam, was today granted bail in the first among several cases lodged against him.
Former Assam Director General of Police Shankar Barua, quizzed recently by the Central Bureau of Investigation in connection with Saradha scam, allegedly shot himself dead at his residence on Tuesday.
A special task force of the SFIO recently submitted an interim report to the Corporate Affairs Ministry in this regard.
The central bank's move comes against the backdrop of the government efforts to crackdown on entities, that are illegally raising large amounts of money from the public.
Accusing the Biju Janata Dal government in Odisha of hijacking the credit for the work done through the welfare programmes of UPA government, Congress vice-president Rahul Gandhi on Monday claimed the state is ruled by "mine mafia" and not by the people's representatives.
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He said that between 2000 and 2014, not a single entity got registered under the Collective Investment Scheme (CIS) regulations, which was introduced in 2000.
ED probe finds funds were ploughed into group's jewellery, entertainment and hospitality businesses
Dissident Trinamool Congress Rajya Sabha MP Kunal Ghosh, whose name has cropped up in the Saradha chit fund scam and who was served a show-cause notice for speaking against party chief Mamata Banerjee, was suspended from the party on Saturday, while two other MPs who had also hit out at the leadeship were spared.
Former Trinamool Congress MP Kunal Ghosh also appeared before the probe agency in Meghalaya.
The rest, investigators claimed, were floated as "dummies" to act as cover for unleashing the alleged ponzi scheme.
The regulator is also exercising its new powers like collection of information from other regulators, government departments and even commercial enterprises such as telecom companies and banks.
Industrialist Yash Birla, as also two Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts.
'A separate 'Investigation Agency (Other Offences)' or IA(OO), can be created under the state governments, with the expertise and resources required for investigating non-violent offences,' recommends Alok Tiwari, a Cabinet Secretariat officer.
With just 10 detectives under his leadership and in about three weeks' time, Senior Superintendent of Police of Uttar Pradesh's Special Task Force Amit Pathak cracked an online digital racket that swindled 600,000 people and is now worth Rs 3,700 crore and counting.
The CA insitute had asked the SFIO numerous times for details against the auditor, but it has not been furnished till now
The Enforcement Directorate on Wednesday night arrested the wife and son of the alleged kingpin of the multi-crore Saradha chit fund scam accused Sudipta Sen in a money laundering case.
BJP alleged that it was an attempt by a "grand alliance of most corrupt parties" to ensure that its "corruption" was not exposed.
The Cricket Board has rubbished former England great Ian Botham's criticism of the highly lucrative Indian Premier League, saying he had no locus standi, and advised him to first get his facts right before commenting on the Twenty20 League.
Sebi, which has been given powers to take action against all unregulated money pooling schemes worth over Rs 100 crore (Rs 1 billion) besides all public issuances of securities, has issued this fresh caution notice at a time when a large number of people have been duped by numerous schemes in various states and enforcement action is underway against such operators.
Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians -- Sayed Mohammed Masood and Chand Kauser Mohammed Masood.
Bitcoin currently trades at a price of $400 a unit, as against lofty highs of $1,200 early this year
In a brief letter to his colleagues and shareholders, Dimon disclosed that the cancer was detected quickly and is confined to the original site and adjacent lymph nodes on the right side of his neck with no evidence of cancer elsewhere in his body.
While RBI is yet to come out with a clear regulatory framework for bitcoins, which have been gaining currency across the world over the past few months, it has issued an advisory cautioning general public against use of bitcoins and other virtual currencies.
US regulator seeks Sebi's help in probing online Ponzi scheme run by duo under American names
'There is no evidence of newspapers and television channels ganging up to wage a coordinated war to expose the BSP, destroy the AIADMK, malign Kejriwal, discredit Lalu or defame Mamata.' 'But it's of interest that none of these exposes threatens the 12 states the BJP controls,' says Sunanda K Datta-Ray.
The Reserve Bank could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial sector.
Trinamool Congress MP and actor Mithun Chakraborty on Tuesday surrendered to Enforcement Directorate an amount of about Rs 1.2 crore that he had received from scam-hit Saradha group of companies for being its brand ambassador.
The Enforcement Directorate questioned Trinamool Congress MP and actor Mithun Chakraborty in connection with the multi-crore Saradha chit fund scam.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
'Around 15 crore poor people have lost their money.'
The chief minister skipped meals and remained awake the entire night on a makeshift dais along with some senior ministers and party members.
Amchem said that Amway is a direct selling FMCG company that uses multilevel marketing to sell its daily use products through independent distributors, instead of from a shop or a mall.
A day after slamming Narendra Modi as "Butcher of Gujarat", the Trinamool Congress on Monday demanded that the Gujarat Chief Minister should apologise publicly or face a defamation case for questioning the sale of Mamata Banerjee's painting.
Preliminary investigations conducted by capital markets regulator Securities and Exchange Board of India and inputs from other regulators and government departments suggest that some brokers were offering structured financial products to their HNI clients under some portfolio investments schemes for high returns of 10-20 per cent.
Congress Vice President Rahul Gandhi on Sunday hit back at Odisha Chief Minister Naveen Patnaik for calling the national party "corrupt", saying the ruling Biju Janata Dal is responsible for a series of scams in the state.
'If anybody defaults on something which is due for today, they have to disclose it tomorrow.' 'The accumulation of NPAs is due to asymmetry in information.' 'The investor should have real-time information.'
The number of smartphones booked during the initial hours was 30,000.
Rejecting the demand for sacking Transport Minister Madan Mitra arrested in Saradha scam case, West Bengal Chief Minister Mamata Banerjee on Saturday stepped up her attack on Narendra Modi saying "if image is a proof of criminal conspiracy, then the Prime Minister should be arrested for Sahara scam."
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
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