The Uttar Pradesh government has handed over the case against Samajwadi Party leader Amar Singh and others for alleged financial fraud amounting to Rs 500 crore to the Economic Offences Wing of the state police, official sources said.
Satyam Computer Services founder B Ramalinga Raju, ex-CEO B Rama Raju and ex-CFO Vadlamani Srinivas in window-dressing the company's accounts, according to the remand case diary filed by the Economic Offences Wing of the Andhra Pradesh Crime Investigation Department.
Are the silenced guns of the Mumbai police causing the Mumbai underworld to rear its head? Is there a connection with the fewer number of gangsters killed in alleged encounters by the Mumbai police in recent time and the underworld being again in the spotlight? Investigates N Ganesh.
The Economic Offences Wing of the Uttar Pradesh police will investigate the case against Samajwadi Party general secretary Amar Singh, who has been accused in a Rs 500-crore scam.
A senior official of the Reserve bank of India has joined the Central Bureau of Investigation for providing the agency with financial management tips and inputs for investigating bank frauds and other economic offences.
The economic offence wing of Delhi police has registered an FIR against Nayati Healthcare's Niira Radia and four others for alleged embezzlement of over Rs 300 crore of bank loan, following a complaint filed by orthopaedic surgeon Rajiv Sharma from whom they had acquired two hospitals.
An employee of the Prime Minister's Office has been arrested in connection with a case of alleged embezzlement.
Granting bail to Gawli, the court observed that while police must ensure that the interests of the public are protected, they needed to be sure of what their jurisdiction was.
Around 200 brokers are said to be involved in the scam; they have been summoned for questioning. Major brokerages questioned by the EoW so far include Anand Rathi, Motilal Oswal, India Infoline and Geojit Comtrade.
The Economic Offences Wing of the city police arrested Gawli, the president of the Akhil Bharatiya Sena.
The MMS had allegedly been put on the website of Bazee.com for sale.
The Mumbai high court on Friday ordered CBI to probe the complaint filed by Tata Finance Ltd against its former managing director Dilip Pendse for allegedly cheating the company to the tune of Rs 400 crore.
'Scindia did not just come to a new party, it was an ideological shift for him. In the past one and a half years, Scindia never lost communication with RSS leaders in the state. He left no stone unturned to ensure his acceptability in the party'
Industrialist and art dealer Guru Swarup Srivastava was today remanded to police custody till May 21 by a local court for allegedly forging documents.
He was discharged for want of sanction for his prosecution.
Delhi Police have launched an investigation to identify the properties and bank accounts of former Tata Finance Ltd managing director D S Pendse who has been arrested for alleged "misappropriation
Shazia, a vice president of Delhi unit of BJP was allegedly trolled after commenting on Sandeep Kumar, the sacked minister of the Aam Aadmi Party government.
Police have found evidence about the existence of a printing press in Patna that was run by Telgi and his associates.
ED has come across two immovable assets - one flat in Dubai and one land parcel in London. It is examining the valuation of both properties, estimated between Rs 150 crore and Rs 200 crore.
Former managing director of Tata Finance Ltd, D S Pendse, facing a non-bailable warrant, for his alleged involvement in the misappropriation of Rs 2 crore (Rs 20 million) in a group company
With the above relaxation, more than 70 per cent of the depositors of the bank will be able to withdraw their entire account balance, the central bank said as most of its account holders have an average balance of just about Rs 10,000.
Goa Cricket Association president Chetan Dessai, secretary Vinod Phadke and treasurer Akbar Mulla were today arrested by police for alleged misappropriation of over Rs three crore belonging to the organisation.
Property of Rs 3,500 crore belonging to the company was seized by the EOW, a police official said.
The sessions court on Thursday extended the police custody of the Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity exchange Shreekant Javalgekar till May 19.
The investigators have already served summons to Shah and others directing them to appear before them for questioning.
Shah and Javalgekar were arrested on May 7.
As per the bank sources, senior-most MDs -- A Krishna kumar and Hemant Contractor -- are part of the committee.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
Whistle-blowers allege the brothers violated court orders by selling assets like art and real estate worth crores bought by funds from their companies.
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.
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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).
According to RBI's circular, cases of frauds involving more than Rs 25 crore and up to Rs 50 crore should be given to the CBI's Banking Security and Fraud Cell
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.
'It seems to be a bit of an aberration. It should be set right; there is a proper mechanism in place. In the normal course, the state police do not have any jurisdiction on central government employees,' the official said.
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.
Delhi brokers under SEBI's glare for drawing investors through ads promising unrealistic returns.
Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.
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.
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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