Joint MD of the company Arun K Saha and MD of transportation network K Ramchand were arrested late evening in Mumbai under the Prevention of Money Laundering Act.
The Enforcement Directorate will now, along with the Uttar Pradesh police' Economic Offences Wing, investigate the Rs 500-crore fraud alleged to have been played by Samajwadi Party general secretary Amar Singh.
Economic Offences wing of Mumbai Police, which is probing the case, told the court that the investigating agency intended to file chargesheet against Shah and others on or before August 4.
President Pratibha Patil has conferred police medals on sixteen officers of the country's premier investigative agency, the Central Bureau of Investigation
After its stock fell 22 per cent on the Bombay Stock Exchange, education solutions provider Educomp Solutions filed a complaint with the Additional Commissioner of Police, Economic Offences Wing, Crime Branch (Delhi Police) to identify the source of malicious emails alleging account manipulation, and has sought action against them.
Director general of police S S P Yadav will personally supervise the investigation, highly-placed police sources told PTI.
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.
Police suspect the accused identified as Digambar Patil might have cheated many more as he had 350 agents spread across the city to lure investors--most of them are middle class people.
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.
The tax department surveyed the office of the news portal located at Sarvodaya Enclave in south Delhi on Friday along with that of another digital news platform Newsclick in Saidulajab area (south Delhi) on charges of alleged tax evasion.
Keeping in mind the bitter backdrop in which the two Sena factions are likely to come face-to-face with each other on October 5, the Mumbai police, along with the Maharashtra administration, are leaving nothing to chance.
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 Offences Wing has alleged that the former BCCI president diverted funds from a bank account in Kolkata meant for paying legal fees towards various other expenses.
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.
With this relaxation more than 77 per cent of the depositors will be able to withdraw their entire account balance.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
An employee of the Prime Minister's Office has been arrested in connection with a case of alleged embezzlement.
The Calcutta high court on Friday took up Jagmohan Dalmiya's perjury case against the Board of Control for Cricket in India and its president Sharad Pawar for allegedly producing false documents before it. Justice Nadira Patheriya directed that the matter be heard on April 18.
The former BCCI chief appeared before the Economic Offences Wing of the Mumbai police
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 teenager's family had received the first call almost a month ago where the caller wanted to speak to the girl. Similar calls poured in later, the police said, adding all the callers referred to Orkut.
The former BCCI chief is being questioned about alleged misappropriation of funds from the 1996 cricket World Cup account.
Jagmohan Dalmiya, Kishore Rungta and Jyoti Bajpai were questioned in connection with the alleged misappropriation of funds from the 1996 World Cup account.
Suspected bookie Shobhan Mehta alias Shobhan Kalachowkie is facing allegations of misusing telephone lines of MTNL to indulge in cricket betting.
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 Economic Offences Wing of Mumbai Police interrogated two employees of the former BCCI chief in Kolkata.
'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'
Sushant Kumar Dass and Lalit Patodi were arrested on charges of facilitating Telgi's dealings in fake stamp papers in Delhi by opening bank accounts in fictitious names, Deputy Commissioner of Police (Economic Offences Wing) Dinesh Bhatt said.
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.
Industrialist and art dealer Guru Swarup Srivastava was today remanded to police custody till May 21 by a local court for allegedly forging documents.
Sudhir Sachdeva, who runs a number of coaching institutes across Delhi, came armed with an anticipatory bail from the Orissa high court.
The NSEL scam, involving Rs 5,600 crore, came to light after the now defunct exchange, promoted by Financial Technologies, failed to pay its investors.
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