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.
The army refused to disclose the information saying it was third party information which cannot be shared under Section 8(1)(j) of the Act, which exempts from disclosure the information which is personal in nature.
The Central Bureau of Investigation had registered an FIR on May 15, 2017 alleging irregularities in the Foreign Investment Promotion Board clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister.
Broker Hiten Dalal and Canara Bank Mutual Fund's former General Manager B R Acharya have been sentence to one year imprisonment.
The latest attachment order was issued by the central probe agency against Ms PD Agroprocessors Pvt Ltd, one the defaulters at the bourse.
'Section 153A is not meant to protect fragile sentiments of the majority Hindu community who choose to get offended by slogans celebrating the success of the Pakistani cricket team.'
Gangs from across the country targeted visitors at three-day World Culture Festival in the New Delhi amid high security and made away with valuable articles like laptops, jewellery and cash, leading to at least 70 FIRs and the police apprehending about 30 persons.
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.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
In a breather to social activist Teesta Setalvad and her husband, the Bombay high court on Friday granted the duo 17-day interim relief from arrest in a Central Bureau of Investigation case alleging that her company received Rs 1.8 crore from abroad without mandatory approval from Centre.
The Kerala high court on Tuesday granted bail to Swapna Suresh in the Unlawful Activities (Prevention) Act case registered by the National Investigation Agency in connection with the sensational gold smuggling through diplomatic channel.
The bench expressed displeasure over the trend of filing of sedition cases just after senior advocate F S Nariman made opening submissions on behalf of Singh, saying 'the gentleman has served as the Additional Director General of Police (ADGP) and was acting as the Director of the Police Academy and now the proceedings under section 124A (sedition) of the IPC have been initiated against him'.
The poll found that among those who voted for the Conservatives at the last election, 62 per cent said that party members had made the wrong choice when the race was shortlisted between Truss and Sunak.
Setting aside the Delhi high court's September 30 verdict denying bail to Chidambaram, the apex court said he is neither a "flight risk" nor there is a possibility of "his abscondence from the trial". Chidambaram had moved the apex court challenging the high court verdict.
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The land parcel is located in South Mumbai's Tardeo neighbourhood and has a total area of 4,300 square metres (46,268 sq ft).
Metropolitan Magistrate Dev Choudhary allowed foreigners from Djibouti, Mali, Kenya and 17 Sri Lankans to walk free on payment of a fine of Rs 5,000 each, said advocate Ashima Mandla, appearing for them.
PNB has rich experience in the integration of commercial banks.
The Bombay high court on Monday directed the Income Tax department not to take any coercive action against Reliance Group chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act. The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani (63) with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.
Why would an official of the Bihar government buy land in Pokharan, Rajasthan -- the site where India carried out controversial nuclear tests in 1998?
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
A special Central Bureau of Investigation court on Tuesday dismissed plea of YSR Congress chief Y S Jaganmohan Reddy seeking exemption from personal appearance during the hearings in a case of alleged quid-pro-quo investments involving his companies, in which he is the prime accused.
Call it the Aam Aadmi Party effect, as Bihar has decided to dismiss 91 corrupt public servants (officers) from service within one month with more on their way out in the coming months.
Several police officers who followed the Election Commission's orders during the recent West Bengal assembly polls get punishment transfers. Payal Mohanka reports.
Rashtrapati Bhawan has filed a complaint with Delhi Police against former IPL Commissioner Lalit Modi for posting "defamatory" tweets against President Pranab Mukherjee and his Secretary Omita Paul.
Chokshi and Chokshi, which was given December-end deadline to complete the audit of e-series contracts at NSEL, had sought extension to finish the work.
Bengali sub-nationalism is slowly emerging as a rallying cry ahead of the West Bengal assembly elections due next year.
The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.
The Mumbai Police, probing the Rs 5,600-crore (Rs 56 billion) scam at the National Spot Exchange has initiated the process of attaching about 25 immovable assets of the borrowers and has shortlisted nearly 100 properties of all the accused in the case, a senior police official said.
Akhil Gogoi, member of the legislative assembly from Sivasagar in Assam, is likely to be released from jail on Thursday as a special NIA court cleared him and his three associates of all charges under the Unlawful Activities (Prevention) Act for their alleged role in the violent anti-Citizenship Amendment Act stir in Assam in December 2019.
Bhujbal was supposed to go to St George Hospital for a dental treatment but Ghule changed his medical papers without the knowledge of Arthur Road Jail CMO and recommended that he get admitted there for some other reason.
In the first arrest in the NSEL's Rs 5,600 crore (Rs 56 billion) payout scam, a top official of the beleaguered spot commodity bourse, which defaulted on its payment for the eighth time in a row yesterday, was held on Wednesday by Mumbai police's Economic Offence Wing (EOW).
The federal agency has filed a complaint under the criminal sections of the Prevention of Money Laundering Act (PMLA) after studying at least two police first information reports (FIRs) and subsequent charge sheets before a court.
These foreigners had attended the event in March, following which in April COVID-19 cases across the country spiked after hundreds of Tablighi Jamaat members, who had attended the religious congregation at Nizamuddin Markaz event, tested positive.
Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.
The agency's latest action, under Prevention of Money Laundering laws, had been taken against the borrower company and its two group companies, which owe the investors Rs 922 crore (Rs 9.22 billion), sources said.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
The 91 foreigners from 21 countries were chargesheeted for attending Markaz at Nizamuddin in New Delhi allegedly in violation of visa conditions, indulging in missionary activities illegally and violating government guidelines issued after the COVID-19 outbreak.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
The Ministry of Corporate Affairs ordered the inspection of the books of accounts of NSEL and Financial Technologies India Ltd to ascertain if any rules under the Companies Act were violated, a senior official said.
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