Shah is likely to be released later on Friday evening or Saturday after completing the formalities.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
"The four directors of the company, including Michael Ferreira, have been brought to Hyderabad from Mumbai on warrant," a senior police official attached to Central Crime Station, a wing of Hyderabad Police, said on Wednesday.
Total scam in collusion with middlemen is estimated at over Rs 700 crore. Probe is on in 10 more cases.
Having registered an FIR over the controversial interview of one of the December 16 gang rape convicts, Delhi Police on Wednesday said it will probe as to why the contents of the work were not shown to the relevant authorities.
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
The FMC on Thursday barred the National Spot Exchange and group firms from auctions of commodities held by the bourse after a complaint that firms related to the former managing director took part in the bidding process.
.jpg)
Quoting the FIR registered on the basis of a complaint, the Economic Offences Wing of Mumbai said accused Nailesh Mehta of Dev Developers in Andheri pretended himself as the partner of Zoomi Construction Company by preparing fake documents and acquired the latter's rightful TDR from the Slum Rehabilitation Authority.
ED lawyer Hiten Venegaonkar contended that huge amount of money was laundered and Shah's acts constituted a very serious economic offence
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.
Shashi Tharoor on Friday appeared for the third time in two days before the SIT.
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.
The Central Bureau of Investigation has sought posting of its officers in some of the Indian missions abroad besides cutting down of red-tape involved in sending Letters Rogatory (LR) as measures to expedite cases related to black money.
Department seeks investor database on the suspicion of fictitious investors.
The Ministry's decision comes more than a year after the payment scam at NSEL came into light in July 2013.
An FIR has been registered against Shivraj and his parents for allegedly duping a Mumbai businessman and his wife of Rs 13 crore (Rs 130 million) while he was out on bail.
The Delhi Police has lodged an FIR and secured a court order restraining the media from carrying the interview.
A controversy has broken out over the appointment of an additional director in the Central Bureau of Investigation after the government and the central vigilance commission locked horns over considering an officer whose track record was under question.
A special investigation team of the Delhi police on Friday questioned senior journalist Nalini Singh in connection with the murder case of former union minister Shashi Tharoor's wife Sunanda Pushkar.
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
Case relates to alleged irregularities in '08 sanction to MCX-SX; Shah grilled in NSEL case.
Ram Sumiran Pal arrested in Delhi; hunt for two others on.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances