The ED slapped criminal charges of money laundering on the basis of the Mumbai Police FIR that was filed in August this year, which itself was filed on the basis of a similar complaint by the state economic offences wing.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
The CBI has named Prasad, his wife Rabri Devi, and daughters Misa Bharti and Hema Yadav, in addition to 12 people who were given jobs in Railway zones of Mumbai, Jabalpur, Kolkata, Jaipur, Hajipur, the officials said.
Shah is likely to be released later on Friday evening or Saturday after completing the formalities.
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
Total scam in collusion with middlemen is estimated at over Rs 700 crore. Probe is on in 10 more cases.
The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".
The FMC on Thursday barred the National Spot Exchange and group firms from auctions of commodities held by the bourse after a complaint that firms related to the former managing director took part in the bidding process.
'It seems to be a bit of an aberration. It should be set right; there is a proper mechanism in place. In the normal course, the state police do not have any jurisdiction on central government employees,' the official said.
Whistle-blowers allege the brothers violated court orders by selling assets like art and real estate worth crores bought by funds from their companies.
A local court remanded Indrani and her driver Shyam Rai to judicial custody for two weeks while the other accused Sanjay Khanna was taken to Kolkata for being produced in a court there.
Keeping in mind the bitter backdrop in which the two Sena factions are likely to come face-to-face with each other on October 5, the Mumbai police, along with the Maharashtra administration, are leaving nothing to chance.
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
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Quoting the FIR registered on the basis of a complaint, the Economic Offences Wing of Mumbai said accused Nailesh Mehta of Dev Developers in Andheri pretended himself as the partner of Zoomi Construction Company by preparing fake documents and acquired the latter's rightful TDR from the Slum Rehabilitation Authority.
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
A more informed electorate, rather than the Lokpal, can fight corruption better, argues Neeta Kolhatkar.
Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.
Jignesh Shah, the promoter of National Spot Exchange Ltd (NSEL), and its former CEO Anjani Sinha on Friday traded charges in connection with the multi-crore payment crisis at the crippled bourse which has affected over 13,000 investors.
A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.
Shashi Tharoor on Friday appeared for the third time in two days before the SIT.
Somaiya had on Sunday claimed he was barred from entering Kolhapur with the district authorities citing law and order as well as security concerns following his allegations of corruption against Maharashtra Rural Development Minister Hasan Mushrif.
Mumbai police, citing his suicide note, said the 1988-batch Indian Police Service officer took the extreme step 'out of frustration' due to his illness.
An FIR has been registered against Shivraj and his parents for allegedly duping a Mumbai businessman and his wife of Rs 13 crore (Rs 130 million) while he was out on bail.
On February 11, 2009, Subhiksha announced that it was closing down all its 1,600 outlets till May 2009.
The Ministry's decision comes more than a year after the payment scam at NSEL came into light in July 2013.
If at all it was some great strategy, the delay has only helped the person they eventually arrested.
'The talk in police circles is that Maria was about to crack the money transaction trail in the crime. The Mumbai police's Economic and Offences Wing had begun investigations into the money trail and Mumbai police officers had visited Singapore in this connection.'
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
The Tamil chief minister suffered a heart attack on Sunday evening.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
Ram Sumiran Pal arrested in Delhi; hunt for two others on.
Case relates to alleged irregularities in '08 sanction to MCX-SX; Shah grilled in NSEL case.
'The prime minister's advisers might have told him that going along with this AIADMK government will damage his image.'
The suspension of US aid to Pakistan, which was announced by President Donald Trump in January 2018, remained in effect throughout 2019, the State Department said.
'Little about this regime, given its vindictive credo, is a complete surprise. But we were still taken aback by the CBI raid as it was a complete abuse of due process.' 'These are not legal inquiries, but abusive use of State power. They are not legitimate investigations, but a witch-hunt.' 'Ours is a typical, classic case of the State and its organs being used as an outlet for motivated vendetta of the vilest kind.'
Sandeep Pandey salutes women who have contributed to social transformation in India after 1980.
Few top honchos of India Inc did very well in 2014.
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