A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.
Jignesh Shah had to give up his MCX cash cow and his personal assets have been attached.
The ED had summoned Patel, 70, twice for questioning in the case but the Congress Rajya Sabha MP from Gujarat later cited prevailing COVID-19 guidelines that advises senior citizens to stay indoors in order to remain safe from the pandemic.
The Supreme Court Tuesday set aside three Delhi high court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger deal with Reliance Retail and ordered fresh adjudication. In a major relief to Future group, a bench headed by Chief Justice N V Ramana also set aside the high court's order of February 2 last year, by which it had directed Future Retail Ltd (FRL) to maintain status quo in relation to the merger deal. The March 18 order of the high court, upholding the EA's award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
Official sources said while about 285 property were attached by the ED through an order in August, the agency is now probing the financial trail of many other properties which have been linked to Raju, his relatives and others.
The crisis at the bank is attributed to loans made to realty player Housing Development Infrastructure Ltd, which were allegedly hidden from regulators' scrutiny, turning non-performing assets.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, observes T N Ninan.
Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.
Pai said he was also against 'naming and shaming' willful defaulters of bank loans.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
The Enforcement Directorate on Tuesday arrested Financial Technologies India Limited founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
'If you talk about any kind of equality, you are under attack.'
The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
The IT department has a designated official to execute these rare powers.
His son Karti was questioned by the agency in the same case on Thursday for about six hours.
Embattled liquor tycoon Vijay Mallya claimed on Sunday that Prime Minister Narendra Modi's statement in a recent interview confirming the recovery of Rs 14,000 crore worth of his assets has fully vindicated him in his assertion of being a "poster boy" for the Bharatiya Janata Party-led government.
On February 13, Sebi passed two separate orders, together running into 160 pages, directing attachment of properties and freezing of accounts.
The probe gave a clean chit to the tax department that was being alleged to have harassed Siddhartha.
Vadra, on Facebook termed as "witch hunt" the Enforcement Directorate's action of attaching assets of a firm linked to him, and claimed that it showed "complete misuse of assertion of power".
A Special Court for Economic Offences has ordered summons to be issued against him over dues from his Kingfisher Airlines to the I-T Dept.
The Tribunal will hold on Saturday its 'preliminary hearing' of four petitions in this matter related to the high-profile case involving a refund of over Rs 24,000 crore (Rs 240 billion) raised through 'various illegalities' by two Sahara companies.
The lawyer also claimed "there is no evidence to prove any of the charges levelled against my client."
Corrupt bureaucrats in Jammu and Kashmir have more bad news coming their way -- they may lose their pension too besides property acquired through ill-gotten money.
Delivering the verdict, Westminster Magistrates' Court Chief Magistrate Judge Emma Arbuthnot said that there was "no sign of a false case being mounted against him".
The officials said the case was re-registered by the NIA recently and it has initiated investigations into it.
Some of the defaulters have not paid up amounts as small as Rs 15,000, while the majority of individual penalties are worth a few lakhs of rupees and a few others amounting to a few crores of rupees.
To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
Shedding the stigma around failure, sharing issues with the family and seeking financial assistance from others can help alleviate distress and help people recover faster, says experts.
Pakistan on Monday said a media report about the United States secretly providing aid to the country to guard its nuclear weapons painted a "distorted and exaggerated" picture of Islamabad's efforts to ensure safety of its atomic arsenal.
The Centre has issued new guidelines to seize properties or assets of government officials involved in corrupt practices even after their retirement.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A Codicil is a document created by the testator to make changes to an existing will, points out Sarbajeet K Sen.
The Supreme Court on Tuesday refused to stay the investigation against Mumbai Congress chief Kripashankar Singh and his family members for allegedly amassing disproportionate assets but put an interim stay on the process of attaching and seizure of their properties.
Senior Mumbai Congress leader Kripashankar Singh has moved the Supreme Court challenging the Bombay high court direction for his prosecution under the Prevention of Corruption Act and attachment of his immovable properties in a case of alleged disproportionate assets.
Himachal Pradesh Chief Minister Virbhadra Singh, who has accused the Modi dispensation of trying to "destabilise and topple" his government by using central agencies, on Monday met Congress President Sonia Gandhi in the backdrop of President's Rule being imposed in party-ruled Uttarakhand.
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