India's investigating agencies have in the past made a lot of noise about probes that resulted in few convictions
Rajesh Agarwal, the chartered accountant, was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds.
Justice Ramana said the body was required to be "created under a statute" clearly defining its powers, functions, and duties.
A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
The one-member commission of inquiry under former solicitor general Gopal Subramanium will probe the alleged irregularities in DDCA.
In Goa, where Assembly elections are a few months away, a delegation of Trinamool Congress (TMC) leaders led by Lok Sabha member Saugata Roy and including former Union Minister Babul Supriyo and the party's vice president Luizinho Faleiro met Governor P S Sridharan Pillai and requested him to immediately seek resignation from the chief minister and announce investigation by an independent agency.
The CBI had registered a preliminary enquiry in 2016 which was later converted into a regular case, they added.
On February 17, 2009, Satyam case was handed over to CBI.
The investigating agency wants to ascertain the actual purpose of the deal.
Deloitte India would not provide non-audit services to all listed companies and other entities where public money is involved such as banks and insurance companies, if they are its audit clients.
Independent directors were supposed to safeguard the interest of all stakeholders.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
Former Indian team captain Bishan Singh Bedi and ex-cricketer Kirti Azad on Thursday batted in the Supreme Court for implementation of Justice Rajendra Mal Lodha committee's recommendation on structural reforms in the Board of Control for Cricket in India.
Observing that a re-test has to be ordered if sanctity of the National Eligibility-cum-Entrance Test-Undergraduate (NEET-UG) 2024 is 'lost', the Supreme Court on Monday sought information from the National Testing Agency and the Central Bureau of Investigation (CBI) about timing of question paper leak and duration between leak and actual test.
The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.
Among the other conditions of the Hinduja group for picking up a stake in Jet is that bankers must take a haircut of 80 per cent and that they should help negotiate with operational creditors like aircraft lessors for moratorium on certain immediate payments.
The airline shut shop in October 2012.
The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed.
n February 2009, the CBI took over the investigation.
Rupert Murdoch's media empire came under further attack over the weekend.
Finance Minister Arun Jaitley said the magnitude of the alleged black money transfer through state-owned BoB will only be known after completion of the multi-disciplinary probe.
It can be noted that ever since Satyam Computers scandal came out in January 2009, the audit world, especially the Big Four, have been under fire from the regulators.
Liquor baron Vijay Mallya's passport has been suspended.
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.
MCA portal clocks 5 mn views in 8 months; ministry to integrate company records portal with DGFT, I-T dept this year
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
PNB has rich experience in the integration of commercial banks.
'There is an bligation on Finance Minister and Prime Minister to take the country into confidence'.
"The truth is out. The report does not name Jaitley. There is no allegation against him, there is no indication (of wrong doing). The Delhi chief minister, we believe, should apologise to Jaitley for his allegations... he should publicly apologise," said MJ Akbar.
26 chartered accountants associated with such shell companies have also been identified
NRI owned pharma firm Goldshield shelled out 1 million pounds as it was accused of being a part of the cartel fro price fixing.
About Rs 5,600 crore (Rs 56 billion) of investments of some 13,000 investors are stuck in NSEL. Despite reports from several internal committees of regulators and investigative agencies pointing to fraudulent activities, there hasn't been any substantial enforcement action against the exchange or the officials.
Hours after Bharatiya Janata Party MP Kirti Azad's twitter posts crossed the limits of propriety when he seemed to address Finance Minister Arun Jaitley as a napunsak (eunuch), the cricketer-turned-politician denied making the statement and revealed that his profile had been hacked.
This case revolves around the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3,300 crores.
The auditors -- the local arms of the Big Four global firms Deloitte Haskins & Sells and KPMG which has BSR & Associates as an affiliate here-had challenged the jurisdiction of the NCLT to ban them.
The agency, which looks into white collar crimes and violations of companies law, investigated more than 60 companies in this regard.
The CBI also told the court that it has sought Interpol's help in seeking access to overseas bank accounts of the Mukerjeas
The former Congress president also tagged a post by Tesla CEO Elon Musk in which he talked about eliminating EVMs.
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