The Tamil film industry won't forget Vijayakanth's large-heartedness, how he took care of fellow industry persons, male or female, rich or poor, young or old...recalls N Sathiya Moorthy. How he sent money quietly for the family of a stunt artiste to meet his funeral expenses, how he always ensured that all female co-stars, including junior artistes, had secure accommodation on outdoor shoots, and how he would always the first to rush help if anyone from the fraternity was in distress.
The Enforcement Directorate (ED) has attached assets worth over Rs 757 crore of one of the country's most known multi-level marketing (MLM) and direct-selling companies, Amway India, as part of a money-laundering investigation. The central agency issued a statement on Monday, alleging that the company was perpetrating a "scam" by running a pyramid "fraud" in the guise of direct-selling MLM network. "The entire focus of the company is about propagating how members can become rich by becoming members. There is no focus on the products. "Products are used to masquerade this MLM pyramid fraud as a direct-selling company," the ED alleged.
The PM has demonetised high currency notes to waive off Rs 1.14 lakh crore loans of industrialists and he is now planning for another waiver of Rs 8 lakh crore, he said.
Calcutta high court on Friday dismissed a West Bengal minister's daughter from her job in a government-aided school and asked her to return the salary she had drawn during her 41-month tenure as a teacher.
Fraudsters were luring gullible investors of daily returns up to Rs 75,000.
AAP could make its presence felt. But Gadhvi may have to wait for a chance to get the top job.
A resident of Saran district, which incidentally has been the karmabhoomi (land of work) of his famous namesake, Yadav claims to have already booked a flight ticket to Delhi where he proposes to file his nomination papers on June 15.
Seek proper documentation before investing
The Enforcement Directorate (ED) on Wednesday conducted raids in three locations in and around Kolkata and again recovered large stacks of cash from a flat linked to Arpita Mukherjee, considered a close associate of arrested West Bengal Industry Minister Partha Chatterjee.
'India has started appearing on the radar of foreign retail investors.'
Rose Valley is one of the biggest money businesses after Sahara.
The ED has attached properties worth Rs 4,109 crore spread across various states in a money-laundering case linked to an alleged ponzi scheme, the agency said on Thursday. The case pertains to the Agri Gold Group of Companies. Three promoters of the group were arrested by the central agency on Tuesday.
Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck.
The industry body has issued two advisories in an attempt to restore jewellers credibility in the wake of the Rs 12,000-crore PNB-Nirav Modi scam, and recent defaults by two domestic jewellers - Goodwin and Rasiklal.
The former Bihar chief minister has seven criminal cases against him, most of them related to cheating and forgery. Vicky Nanjappa reports
'Neither the Centre nor the state is helping us, rather they are coming up with new ways to create stumbling blocks for the return of money.'
"Until now, the Congress was completely against the current government. Now they have also joined hands overnight. This goes to show how honest their intentions are," he added, taking a swing at the alliance.
An Italian court has barred India from encashing bank guarantees worth over Rs 2,360 crore of AgustaWestland as part of the penalties imposed on it after scrapping of the Rs 3,600 crore VVIP chopper deal.
Official sources said while the accounts of Nirav Modi, the diamantaire under arrest in this case in London, have deposits of $3,74,11,596 (Rs 258 crore) while the accounts in the name of his sister Purvi Modi has deposits of 27,38,136 (Rs 24 crore).
The court directed him neither to leave the country without permission nor change his address and mobile number during the bail period.
The government on Wednesday said that all urban cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors and prevent repeat of PMC Bank like scams. The President of India will promulgate an ordinance to this effect, Information and Broadcasting Minister Prakash Javadekar told reporters after the meeting of the Union Cabinet.
A flavour-of-the-season approach does not work in investing, suggests Deepesh Raghaw.
Five people, including one who holds a PhD in human resources, have been arrested from Gurgaon for allegedly duping over 500 people of Rs 7.5 crore on the pretext of providing them jobs in leading multi-national companies, Delhi Police said on Friday.
Former Union Telecom Minister A Raja has rejected Joint Parliamentary Committee chairman P C Chacko's offer giving him a chance to respond on the 2G spectrum allocation issue in written submissions, saying he wants to personally depose before the panel to tender evidence on the matter.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
He termed the Centre's decision to demonetise Rs 500 and Rs 1,000 notes as "surgical strike" on common man's "small savings" and not on "black marketeers".
Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.
"This is a big scam. The country is being looted. Please allow us to speak," Congress leader in Lok Sabha Adhir Ranjan Chowdhury said.
Lack of education and the absence of bank branches across huge swathes of the country puts more than half of India's population outside the formal banking sector.
Janata Party chief Subramanian Swamy on Thursday pleaded before a Delhi court that it should bring on record purported new facts that former finance minister P Chidambaram and former telecom minister A Raja had a role in deciding 2G spectrum prices and entry fee. In a fresh application in the court of Special Central Bureau of Investigation judge O P Saini, Swami said he wanted to bring "new facts" on court records through his deposition.
The agency is probing members of the Lalu Prasad family and others under the Prevention of Money Laundering Act.
The Dominica high court has granted bail to fugitive diamantaire Mehul Choksi, allowing him to travel to Antigua and Barbuda for treatment of his neurological condition, local media there reported. The high court has granted a consent order permitting Choksi to go to Antigua, where he has been staying as a citizen since 2018 after he left India, after depositing Eastern Caribbean Dollars 10,000 (approximately Rs 2.75 lakh as per exchange rate) as bail money, Antigua Breaking News reported. The court has also stayed the ongoing trial before a magistrate for his alleged illegal entry into Dominica on May 23, it said.
Two of the depositors had died of cardiac arrest, while another, a woman doctor, allegedly committed suicide.
On Friday, Ajit caused a flutter in the party when he sent his resignation as the MLA from Baramati segment to Legislative Assembly Speaker Haribhau Bagade, which has been accepted.
Bandyopadhyay had approached the high court in February seeking regular bail on health grounds.
A special court on Friday dismissed the petitions of Anil Verma and Purnima, son-in-law and daughter of Satyam scam accused B Suryanarayana Raju, seeking direction to the CBI to defreeze their savings bank accounts and fixed deposits.
Under flak from the opposition for 'diverting' Covid vaccines to private hospitals to make a profit, the Punjab government on Friday asked them to return all stock meant for the 18-44 age group.
The Andhra Pradesh government, in a bid to provide succour to the depositors of the Charminar Coperative Urban Bank in Hyderabad, has decided to seek clarifications on the guidelines issued by Reserve Bank of India for the revival of the bank.\n\n\n\n
Rejecting the plea, the court said the application was "vexatious" and it was apparently moved to delay the trial.
Italian prosecutors have "shelved" proceedings against defence major Finmeccannica, the parent firm of AgustaWestland, saying it had nothing to do with the alleged corruption in India's Rs 3,600-crore deal to procure 12 VVIP helicopters, Italian news agency Ansa reported.
