After taking action against 226,000 shell companies last year, the ministry of corporate affairs has now zeroed in on a fresh batch of suspected shell companies.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
Once the Canadian investigation runs its course, Ottawa may put on the public domain further accusations passing for "evidence" -- and that could happen at some point closer to our general election. All in all, the big question is, what is it that the US is really up to, asks Ambassador M K Bhadrakumar.
News portal The Wire has filed a police complaint against its former consultant Devesh Kumar in connection with a 'fabricated' story related to the BJP's IT department head Amit Malviya, a senior police officer said.
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The National Spot Exchange Ltd, promoted by Jignesh Shah-led Financial Technologies, is facing a Rs 5,600-crore (Rs 56-billion) settlement crisis.
Leaders of several opposition parties were stopped by the police at Vijay Chowk in New Delhi as they took out a protest march from Parliament House to hand over a complaint to the Enforcement Directorate on the Adani issue.
The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal.
Suspended BJP MP Kirti Azad targeted more politicians, including party MP and BCCI secretary Anurag Thakur, involved in cricket governance.
Sebi on Tuesday restrained two Brightcom Group officials, M Suresh Kumar Reddy and Narayan Raju, from holding any managerial position in the company or its subsidiaries until further orders. Reddy is the promoter-cum-chairman and MD of Brightcom Group Ltd (BGL) while Raju is the chief financial officer. Besides, the regulator also banned Reddy from the securities market until further orders.
Vijay Mallya owes several banks thousands of crores of rupees which he had taken as loans for his businesses including the now defunct Kingfisher Airlines.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
In the last three financial years and in the current financial year till November 15, SFIO was asked to investigate 167 cases.
Special court will announce judgement in Satyam case on Dec 23.
Jaitley, who headed the DDCA between 1999 and 2013, has been under opposition attack even though he has maintained his innocence.
Their bank accounts have been frozen. State governments have been told to restrict sales and transfers of real estate assets these companies own.
Veena Mani reports.
Thousands of unlisted companies registered with RoCs will soon go under watch on lines similar to the oversight by the Securities and Exchange Board of India of listed companies.
Probing the high-profile Saradha chit fund scam of West Bengal, the serious fraud investigation office on grilled the suspended Trinamool Congress MP Kunal Ghosh for over eight hours here and further questioning is expected next week.
'Investigation directorates have intensified actions in detecting serious irregularities.' 'They are seriously handicapped because of non-availability of manpower.'
The entities are classified as 'vanishing companies' if they cease to file their balance sheets and other documents after raising capital and the whereabouts of their offices or directors become untraceable.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
If his attempt to have his appeal heard in the Supreme Court fails, in principle, Modi can apply to the European Court of Human Rights (ECHR) to try and block his extradition on the basis that he will not receive a fair trial and that he will be detained in conditions that breach Article 3 of the European Convention on Human Rights, to which the UK is a signatory.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
Israel could be headed for a break from the 'Bibi-regime' as several former allies of longest-serving Prime Minister Benjamin Netanyahu seem to have joined hands with political opponents to form a national-unity government that would not only have political formations from the Left, the Centre and the Right, but may also be supported by an Arab party.
The Special Court on Monday has sentenced erstwhile Satyam chairman B Ramalinga Raju and his brother Rama Raju to six months imprisonment for violating provision of the Companies Act.
Justice Ramana said the body was required to be "created under a statute" clearly defining its powers, functions, and duties.
The agency is looking at alleged "diversion of funds and financial reporting frauds".
The CA insitute had asked the SFIO numerous times for details against the auditor, but it has not been furnished till now
The summons was issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case.
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
Suspended Bharatiya Janata Party Member of Parliament Kirti Azad is likely to face stringent action for his graft allegations against Union Minister Arun Jaitley as the party's Central Disciplinary Committee has found him "failing in maintaining discipline" and "causing embarrassment to the party".
Tharoor's campaign team has also raised 'serious issues' in the conduct of the election in Punjab and Telangana.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
As many as 2,351 companies have not spent a single penny on corporate social responsibility.
A politically-connected business dynasty that moved to South Africa from India, the Gupta family finds itself at the centre of many of the scandals that have dogged now former president Jacob Zuma's administration. A day after the ruling African National Congress ordered Zuma out of office, the Guptas' prominent role in his presidency was highlighted. So who are the Guptas and how close are their links to Zuma?
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.
The agency was allocated Rs 835.39 crore to manage its affairs in 2021-22 which was later increased to Rs 870.50 crore in the Revised Estimates given in the Budget document released Tuesday by Finance Minister Nirmala Sitharaman.
The AAP government has decided to set up a commission of inquiry to probe alleged irregularities including financial bunglings in the 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.
Opposition on Tuesday claimed that Prime Minister Narendra Modi has signalled to Finance Minister Arun Jaitley to quit in the wake of DDCA row.
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