The Jharkhand government has ordered a probe by the Anti-corruption Bureau into the alleged amassing of disproportionate assets by former ministers in the previous Bharatiya Janata Party government in the state.
Infighting between Ashok Gehlot and Sachin Pilot has been out in the open throughout the Congress term.
Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities. On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. "Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Bose's employment with cause, and reserves the right to pursue appropriate legal action," Zilingo said in a statement.
Former Chief Medical Officer of Lucknow A K Shukla was on Tuesday arrested by the police in connection with alleged financial irregularities in the state health department. "Doctor Shukla was arrested from the trauma centre of Chattrapati Shahuji Maharaj Nagar Medical University this morning," said Deputy Inspector General of Police Lucknow D K Thakur. He said Shukla was arrested in connection with financial irregularities in the health department.
Shiv Sena president Uddhav Thackeray was denied permission to meet jailed party MP Sanjay Raut and asked by authorities to take the court's approval for meeting him in prison, a senior jail official said on Wednesday.
The ministry of corporate affairs (MCA) has launched a probe into the books of Edelweiss Asset Reconstruction Company (EARC) following allegations by a whistleblower of fund diversion and irregularities. The whistleblower, Paras Kuhad, a former additional solicitor general of India, had written to the Prime Minister's Office and the Reserve Bank of India (RBI). Kuhad has alleged that Edelweiss Group and Caisse de depot et placement du Qubec (CDPQ), a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did not adhere to norms while making investments in EARC's instruments. Sources have indicated that a probe has been initiated, but the MCA did not comment on the issue.
Pakistan's supreme court decided to launch contempt proceedings against Interior Minister Rehman Malik on Monday for "interfering" in a probe into alleged financial irregularities in a state-run steel firm, rejecting his explanation as being devoid of an "apology".
The panel, investigating BAI secretary general Vijai Sinha's alleged financial irregularities has recommended disciplinary actions against him, sources said.
Suspended Commonwealth Games Organising Committee (CGOC) Joint Director General T S Darbari will appear before the Enforcement Directorate at 11.30 a.m. on Monday and is expected to be quizzed over the financial irregularities case pertaining to the 2010 Games.
The Union government will limit its investigations to financial irregularities and tax violations by the Indian Premier League (IPL), its 10 franchisees, as well as the broadcaster. The government does not want to interfere in the functioning of existing sports institutions, a top functionary of the finance ministry said.
Follow these simple steps if you want to create a solid retirement corpus and retire young, says Anamika Pareek.
The Comptroller and Auditor General has pulled up the Defence Research Development Organisation pointing out "deficiencies" and "procedural irregularities" committed by it in taking up new projects and splitting sanctions for them to bring it within financial powers of the organisation head.
The CBI today accused NCP MP Padamsinh Patil of conspiring to murder Congress leader Pawanraje Nimbalkar due to political rivalry and fear of exposure of financial irregularities committed by him.
Fortis Healthcare has also come under the lens of Sebi, which launched an investigation into alleged regulatory lapses
The government on Monday clarified that accounting regulator ICAI hasn't reported any irregularity in the account books of some Indian Premier League teams. 'The Institute of Chartered Accountants of India (ICAI) has not reported any irregularities in the accounts and violations of auditing norms by some Indian Premier League (IPL) teams,' Corporate Affairs Minister Salman Khurshid told the Rajya Sabha.
Various alleged administrative and financial irregularities worth crores have been pointed out in execution of development works in worst Naxal-hit Bastar district of Chhattisgarh by state Accountant General.
This is her second medal of Paris Paralympics and India's sixth medal in total.
'Filing a nil ITR serves as a formal declaration to the tax authorities that your earnings fell below the taxable threshold in the given financial year, and you had no tax liability during that period.'
Former captain Bhaichung Bhutia demanded the resignation of All India Football Federation president Kalyan Chaubey.
The Enforcement Directorate (ED) has arrested Shiv Sena MP Sanjay Raut in a money laundering case linked to alleged irregularities in the redevelopment of a Mumbai 'chawl', officials said.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
The government is examining alleged financial irregularities, sources of funding and other aspects of Jet Airways, the Lok Sabha was informed on Friday.
The Comptroller and Auditor General detected financial irregularities of over Rs 10,000 crore in Bihar government departments during the financial year 2012-13.
Days after the fraud allegedly masterminded by diamantaire Nirav Modi came to light, the prime minister asked the management of financial institutions as well as the supervisory bodies to do their job diligently to check such frauds.
The politician, Rao Nadeem, who is also a property dealer, did not attribute any reason for selling off his property.
CBI and Enforcement Directorate are probing the huge remittances to Hong Kong from the bank.
The restrictions on Punjab and Maharashtra Cooperative (PMC) Bank has been extended for another three months till the end of March next year. Reserve Bank of India (RBI) has extended the restrictions as further action on the draft scheme for the takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB) is in process. The central bank had prepared a draft scheme of amalgamation and the same was placed in the public domain on November 22 as part of seeking suggestions and objections, if any, from members, depositors and other creditors of PMC Bank and USFB.
The Comptroller and Auditor General has found gross financial mismanagement and irregularities in the implementation of the National Rural Health Mission at almost every level in Uttar Pradesh.
According to officials, the Union health ministry had received complaints about alleged corruption at the regional branches of the Red Cross Society in Tamil Nadu, Kerala, Assam, Karnataka and the Andaman and Nicobar Islands.
There was speculation that he might meet the party's All India Congress Committee in-charge of Rajasthan Sukhjinder Singh Randhawa and other senior leaders, but sources close to Pilot said no meetings were fixed.
Former Indian Premiere League chief Lalit Modi, accused of financial irregularities in India, launched a scathing attack on Rahul Gandhi on Thursday and threatened to take the senior Congress leader to court in the United Kingdom over his 'Modi surname' remark.
Karvy Computershare Pvt Ltd engaged in fraudulent activities with respect to certain initial public offerings in 2005, market regulator Sebi said.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
The probe pertains to alleged financial irregularities in the Congress-promoted Young Indian Private Limited, which owns the National Herald newspaper.
The Delhi high court on Wednesday gave an interim stay on summons issued by the ED to former Jammu and Kashmir chief minister Mehbooba Mufti, her daughter said.
From working in a garment factory, selling bread, and driving an autorickshaw, the 24-year-old fast bowler's path to representing domestic giants Mumbai was anything but easy.
The recent revelations of financial irregularities, as in real estate firms allegedly involved in a loan syndication bribery case and the 2G telecom licence scam, may impact credit flow.
American Ursula Papandrea will continue to lead the sport's governing body as Acting President.
Paving the way for takeover of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC), the Reserve Bank of India on Friday granted in-principle approval to the Centrum Financial Services to set up a small finance bank. Centrum Financial Services was one of the applicants for takeover of the PMC Bank. "This 'in-principle' approval has been accorded in specific pursuance to the Centrum Financial Services Limited's offer dated February 1, 2021, in response to the expression of interest notification (November 3, 2020) published by the PMC Bank Ltd," the RBI said in a statement.
The central probe agency that began action against the banker by raiding his upscale residence in south Mumbai on Friday is primarily investigating Kapoor, his wife and three daughters over a Rs 600 crore fund received by a firm allegedly "controlled" by them from an entity linked to the scam-hit Dewan Housing Finance Limited.
