News for 'Economic Offences Wing'

Baghel: The man who helped Congress rise like a Phoenix in Chhattisgarh

Baghel: The man who helped Congress rise like a Phoenix in Chhattisgarh

Rediff.com16 Dec 2018

Baghel led from the front to take on the BJP, led by Raman Singh, after being entrusted the task to revive the Congress' fortunes in Chhattisgarh following the third consecutive defeat in the 2013 assembly polls.

Ex-bureaucrat blames former employees for NSEL crisis

Ex-bureaucrat blames former employees for NSEL crisis

Rediff.com24 Mar 2014

A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.

Indiabulls-LVB merger: It's a clear no from Mint Road

Indiabulls-LVB merger: It's a clear no from Mint Road

Rediff.com9 Oct 2019

Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.

Sebi cracks down on fake stock tips

Sebi cracks down on fake stock tips

Rediff.com5 Jul 2017

Writes to Trai, Mumbai Police to catch unauthorised SMS senders

Sunanda murder case: Shashi Tharoor questioned for 3rd time in 48 hours

Sunanda murder case: Shashi Tharoor questioned for 3rd time in 48 hours

Rediff.com13 Feb 2015

Shashi Tharoor on Friday appeared for the third time in two days before the SIT.

Beware! Reserve Bank does not give lottery prizes

Beware! Reserve Bank does not give lottery prizes

Rediff.com10 Dec 2014

Fraudulent emails exhorting people to deposit cash for reward are on the rise.

Black money: CBI wants officers posted in some Indian missions

Black money: CBI wants officers posted in some Indian missions

Rediff.com2 Nov 2014

The Central Bureau of Investigation has sought posting of its officers in some of the Indian missions abroad besides cutting down of red-tape involved in sending Letters Rogatory (LR) as measures to expedite cases related to black money.

The 'largest investor' in NSEL who exited unscathed

The 'largest investor' in NSEL who exited unscathed

Rediff.com7 Aug 2014

Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.

The Lokpal is no magic wand to fight corruption

The Lokpal is no magic wand to fight corruption

Rediff.com8 Jan 2014

A more informed electorate, rather than the Lokpal, can fight corruption better, argues Neeta Kolhatkar.

'Mumbai police has many honest officers'

'Mumbai police has many honest officers'

Rediff.com8 Apr 2021

'It is just that they are not in the limelight in a city like Mumbai.' 'It is not a lonely journey, but a tough journey for sure.'

Amrapali CMD may soon be arrested for duping home buyers

Amrapali CMD may soon be arrested for duping home buyers

Rediff.com28 Feb 2019

The SC bench directed the court-appointed forensic auditors to complete their detailed investigation on divergence of home buyers money by Amrapali group before March 22 and list the matter for hearing on March 24.

How the once mighty Singh brothers fell from grace

How the once mighty Singh brothers fell from grace

Rediff.com21 Oct 2019

From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.

Homebuyers turn to God for help in getting flats

Homebuyers turn to God for help in getting flats

Rediff.com31 Aug 2017

Thousands of homeowners across housing projects owned by Jaypee Infratech and the Amrapali Group are running out of options. Jaypee Infratech and Amrapali are among the 12 big corporate loan defaulters against which the RBI has ordered initiation of insolvency proceedings.

From Subhiksha to Viswapriya: Subramanian's fall from grace

From Subhiksha to Viswapriya: Subramanian's fall from grace

Rediff.com20 Sep 2015

On February 11, 2009, Subhiksha announced that it was closing down all its 1,600 outlets till May 2009.

NSEL crisis: Govt mulls Board changes for merged entity

NSEL crisis: Govt mulls Board changes for merged entity

Rediff.com27 Oct 2014

The Ministry's decision comes more than a year after the payment scam at NSEL came into light in July 2013.

Two bogus traders and an innocent exchange

Two bogus traders and an innocent exchange

Rediff.com2 Sep 2014

If at all it was some great strategy, the delay has only helped the person they eventually arrested.

Citibank fraud accused charged with duping Mum bizman

Citibank fraud accused charged with duping Mum bizman

Rediff.com31 Aug 2014

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.

Amrapali case: SC keen on completion certificate to homebuyers

Amrapali case: SC keen on completion certificate to homebuyers

Rediff.com13 Aug 2019

On July 23, the apex court had cracked its whip on errant builders for breaching the trust reposed by homebuyers and ordered cancellation of the registration of Amrapali Group under the real estate law RERA, and ousted it from its prime properties in the NCR by nixing the land leases.

HC orders CBI probe into MNREGA bungling in UP

HC orders CBI probe into MNREGA bungling in UP

Rediff.com31 Jan 2014

Taking serious note of the rampant corruption in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act in Uttar Pradesh, the Lucknow bench of Allahabad high court on Friday ordered a Central Bureau of Investogation probe into the alleged large scale financial bungling brought to its notice through a public interest litigation, moved by local journalist Sachchidanand Gupta .

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

Rediff.com8 Oct 2020

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.

BJP-Shiv Sena in fresh war of words after police stop Kirit Somaiya

BJP-Shiv Sena in fresh war of words after police stop Kirit Somaiya

Rediff.com20 Sep 2021

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.

Retailers rattled by I-Day online sales, plan to petition government

Retailers rattled by I-Day online sales, plan to petition government

Rediff.com10 Aug 2016

Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.

Will throw Amrapali Group out and transfer ownership: SC

Will throw Amrapali Group out and transfer ownership: SC

Rediff.com8 May 2019

The court also questioned how Amrapali Group could mortgage the entire projects and secure loan worth thousands of crores of rupees from banks when it was only an agent to develop the property.

Security forces on alert as Jayalalithaa suffers cardiac arrest

Security forces on alert as Jayalalithaa suffers cardiac arrest

Rediff.com5 Dec 2016

The Tamil chief minister suffered a heart attack on Sunday evening.

How to fix the PMC Bank crisis

How to fix the PMC Bank crisis

Rediff.com23 Oct 2019

'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.

'RBI won't allow any cooperative bank to collapse'

'RBI won't allow any cooperative bank to collapse'

Rediff.com5 Oct 2019

One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.

Ex-Maharashtra ATS chief Himanshu Roy commits suicide

Ex-Maharashtra ATS chief Himanshu Roy commits suicide

Rediff.com11 May 2018

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.

Delhi bus rapist's jail interview triggers a storm

Delhi bus rapist's jail interview triggers a storm

Rediff.com4 Mar 2015

The Delhi Police has lodged an FIR and secured a court order restraining the media from carrying the interview.

NSEL saga: Was Jignesh Shah a victim of corporate conspiracy?

NSEL saga: Was Jignesh Shah a victim of corporate conspiracy?

Rediff.com8 Sep 2019

'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.

Did the money trail get Rakesh Maria transferred?

Did the money trail get Rakesh Maria transferred?

Rediff.com9 Sep 2015

'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.'

Black money: SIT brings new intel agency on board

Black money: SIT brings new intel agency on board

Rediff.com15 Feb 2015

The SIT was created by Supreme Court and notified by the government last year to curb black money.

Govt preparing game plan to check corporate frauds: Pilot

Govt preparing game plan to check corporate frauds: Pilot

Rediff.com11 Sep 2013

The measures needed for implementing this new system would start rolling in few weeks, the minister added.

Sunanda case: SIT questions Amar Singh about IPL angle

Sunanda case: SIT questions Amar Singh about IPL angle

Rediff.com28 Jan 2015

Politician Amar Singh was on Wednesday questioned for nearly two hours by a special team of Delhi Police probing the Sunanda Pushkar case after he had recently claimed that she had spoken to him about the Indian Premier League controversy a couple of days before her death.

Sunanda told journo that she took flak for Tharoor in IPL Kochi row

Sunanda told journo that she took flak for Tharoor in IPL Kochi row

Rediff.com23 Jan 2015

A special investigation team of the Delhi police on Friday questioned senior journalist Nalini Singh in connection with the murder case of former union minister Shashi Tharoor's wife Sunanda Pushkar.

Why did Modi meet Karunanidhi?

Why did Modi meet Karunanidhi?

Rediff.com17 Nov 2017

'The prime minister's advisers might have told him that going along with this AIADMK government will damage his image.'

CBI @ 50: PM vows to protect its legality

CBI @ 50: PM vows to protect its legality

Rediff.com11 Nov 2013

Prime Minister Manmohan Singh lauded the Central Bureau of Investigation as it completed 50 years during an address to senior officers at the at international conference on 'Evolving common strategies to combat corruption and crime.'

CBI begins probe against Jignesh Shah, ex-Sebi chief Bhave

CBI begins probe against Jignesh Shah, ex-Sebi chief Bhave

Rediff.com14 Mar 2014

Case relates to alleged irregularities in '08 sanction to MCX-SX; Shah grilled in NSEL case.

Speak Asia mastermind held

Speak Asia mastermind held

Rediff.com27 Nov 2013

Ram Sumiran Pal arrested in Delhi; hunt for two others on.

Anil Kumar Sinha takes charge as CBI's new director

Anil Kumar Sinha takes charge as CBI's new director

Rediff.com3 Dec 2014

Anil Kumar Sinha, a 1979-batch Indian Police Service officer, on Wednesday took over the reins of the Central Bureau of Investigation at a time when the agency is facing criticism from courts over its handling of probe in coal allocation and 2G scams.

Full text: President Murmu's address to Parliament's Budget Session

Full text: President Murmu's address to Parliament's Budget Session

Rediff.com31 Jan 2023

'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.