Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
Official sources said the investigating officer of the case put across to him at least half-a-dozen statements of his alleged aides which form a purported "link" between him, absconding arms dealer Sanjay Bhandari, Bhandari's associates and others.
A list of at least 20 individuals has been sent to the immigration department to prevent them from flying overseas.
After the case was registered, the CBI carried out searches at four places in the national capital and Bengaluru.
DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.
The quizmaster-turned-parliamentarian was interrogated for about two hours on some financial transactions in bank accounts related to the TMC mouthpiece 'Jago Bangla'.
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
The Delhi high court Tuesday upheld an order of the Enforcement Directorate impounding the passports of former external affairs minister Natwar Singh's son Jagat Singh, his business associate Andaleeb Sehgal and three others.
The top court had granted bail to Chidambaram in the case lodged by the CBI saying he is neither a 'flight risk' nor is there a possibility of 'his abscondence from the trial'.
Congress leaders have hit out at the BJP governments at the Centre and in Karnataka, questioning its timing.
The US Department of Justice declined to comment on Modi.
Indian football team coach Wim Koevermans's contract will be extended till the end of next year's Asian Games in October, the AIFF's technical committee, headed by former captain Bhaichung Bhutia, decided in New Delhi on Monday.
A Delhi court Wednesday issued summons to former Union minister P Chidambaram and his son Karti in the INX Media money-laundering case on taking cognisance of the charge sheet filed by the Enforcement Directorate (ED) against them.
To unravel Khan's overseas business, one has to rewind to 10 years ago when Londoner Richard James Moore floated a real estate company called Winford Estates in Surrey.
The ED, early this year, also attached assets worth Rs 78 crore "in possession of" Chanda Kochhar, Deepak Kochhar and the companies owned and controlled by him.
Former CBI Director A P Singh, who ran into rough weather over his purported links with controversial meat exporter Moin Qureshi, has resigned as UPSC member after a special court in Mumbai termed charges levelled against BJP President Amit Shah in fake encounter cases as being "politically" motivated.
Shivakumar's lawyers Abhishek Manu Singhvi and Dayan Krishnan opposed the ED's plea for custodial interrogation saying that he had joined the probe and never absconded.
This is for the first time that Vadra's associates have been linked to alleged commissions received in defence deals by the ED.
Venugopal, who is the recipient of Padma Vibhushan and Padma Bhushan, is likely to represent as the top law officer for the second time, as he was one of the Additional Solicitors General during Morarji Desai's government.
Enforcement Directorate has issued summons to Himachal Pradesh Chief Minister Virbhadra Singh in connection with its probe against him and his associates for alleged money laundering.
The chargesheet, filed before Special Judge Santosh Snehi Mann, names six accused, including the former chief minister and his wife.
The ED case came about after the CBI first carried out a preliminary enquiry followed by filing a regular case on the orders of the Bombay high court that asked it to look into the allegations of bribery made against Deshmukh by former Mumbai Police Commissioner Param Bir Singh.
The 'mystery' of the education business sale by Cox & Kings is part of an Enforcement Directorate investigation, which is also examining the siphoning-off of funds to the tune of Rs 21,000 crore to dozens of so-called related-parties, highlighted by the forensic auditor.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
A shorter tournament will mean a smaller share from the shrunken central pool of revenues for the eight IPL franchises, not to mention a reduction in gate receipts. Cricket Australia stands to lose some A$300 million ($174 million) should the coronavirus outbreak derail their high-profile home test series against India later this year.
Hardening further its stand on 'Modigate', the Congress on Tuesday demanded a Supreme Court-monitored special investigation team probe into the "scandal".
Shivakumar, arrested on September 3 by the ED, was produced before the court on the expiry of his 9-day custodial interrogation by the agency.
Pawar thanked the Shiv Sena and the Congress for backing him on the ED action issue.
The agenda for the year 2020 is well laid out -- launch of UDAY 2.0, installation of smart pre-paid metres, prompt payment by discoms, making coal available for short term and reviving gas based plants. But, it has to ensure effective implementation of various policy tweaks done so far.
The searches, they said, are related to the department's probe in the biggest haul of cash and gold in Chennai post demonetisation.
Both sides to enhance cooperation in combating international terrorism.
C P Joshi pips Ruchir Modi to become RCA president
On Friday, Ajit caused a flutter in the party when he sent his resignation as the MLA from Baramati segment to Legislative Assembly Speaker Haribhau Bagade, which has been accepted.
A special anti-money laundering court in New Delhi has attached assets worth over Rs 37.86 crore belonging to former Karnataka minister and mining baron Gali Janardhan Reddy and his wife in connection with an alleged multi-crore iron ore mining scam.
Urmila, who unsuccessfully contested the Lok Sabha election in April from Mumbai, said she was quitting owing to "petty in-house politics" in the party.
India does not feature in the top 100 countries on eight of the 10 indicators of the World Bank study.
Mukerjea recorded her statement under the Prevention of Money Laundering Act and said she and her husband Peter Mukerjea met Chidambaram at his office in Delhi's North Block.
The former Karnataka minister said the ED has asked him to appear before it in Delhi on Friday by 1 pm and he was considering all legal options.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances