Explaining the modus operandi of the case, the FIR said HDIL promoters allegedly colluded with the bank management, to draw loans from the bank's Bhandup branch. Despite non-payment, the bank officials did not classify the loans as NPA and intentionally hid the information about the same from RBI.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
Will the Supreme Court take note of the case and ensure a respected civil servant is not punished for being in office at the wrong time?
ED has approached the MEA seeking initiation of deportation proceedings against liquor baron Mallya
Former Indian team captain Bishan Singh Bedi and ex-cricketer Kirti Azad on Thursday batted in the Supreme Court for implementation of Justice Rajendra Mal Lodha committee's recommendation on structural reforms in the Board of Control for Cricket in India.
The Aam Aadmi Party (AAP) convenor has sought rejection of the suit by Delhi and District Cricket Association (DDCA), claiming it is not maintainable as the alleged defamatory statement "does not contain any imputation concerning any persons whose identity can be established".
The income tax department on Wednesday conducted raids in multiple states as part of a pan-India tax evasion probe against certain registered unrecognised political parties (RUPP) and their alleged dubious financial transactions, official sources said.
BJP alleged that banks were 'pushed' into giving Rs 3,100 crore loan to him and unfreezing his bank accounts in 2012.
Limited IT staff may compel them to focus on big fish than small depositors.
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
The fourth day of questioning was deferred from June 17 to this day after Gandhi requested the agency for postponing the session as he wanted to be with his mother and Congress president Sonia Gandhi in hospital, where she is admitted for post-Covid issues.
The Congress alleged that Delhi Police personnel forcibly entered its headquarters and beat up party workers and leaders on Wednesday, on a day the party staged vociferous protests against the questioning of Rahul Gandhi by the Enforcement Directorate for the third consecutive day.
Former Rajasthan minister Rajendra Singh Gudha claimed that Congress leaders dragged him out of the state assembly on Monday.
Property of Rs 3,500 crore belonging to the company was seized by the EOW, a police official said.
Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.
The Anti-Corruption Branch on Friday arrested Aam Aadmi Party MLA Amanatullah Khan after conducting raids at premises linked to him in connection with alleged irregularities in the Delhi Waqf Board recruitment, officials said.
The Chess Players Association of India has alleged irregularities in the AICF's balance sheet.
The agency is also examining the documents seized during raids at 31 places including the residence of Delhi Deputy Chief Minister Manish Sisodia on Friday, they said.
The Supreme Court on Wednesday declined a plea filed by Padmanabhaswamy Temple Trust seeking to exempt it from the audit of 25 years as ordered by the top court last year.
DoT though failed to implement TRAI's recommendations to levy spectrum usage charge
Paralympic Committee of India's newly-appointed interim president Nale Nandkishor said the de-recognition by the Sports Ministry was expected after its international body IPC banned them for mismanagement.
The Supreme Court's decision to take up the case on Friday without granting him any interim relief, put to rest all the strategies being worked upon.
The ED will probe if there were alleged irregularities in the formulation and execution of the Delhi Excise Policy unveiled in November last year.
She left the agency's office in central Delhi just before 7 pm on Tuesday after recording her statement.
At least 120 insurance intermediaries and aggregators from across the country are under scrutiny, mainly from Mumbai, Gurugram and Bengaluru.
Market regulator Securities and Exchange Board of India (Sebi) in its investigation against Indiabulls Housing Finance has found the mortgage financier non-compliant with regards to unavailability of certain information on its website as well as its internal policy. Thereby, it has directed the company to take corrective measures and inform the stock exchanges in a months' time. Several public interest litigations (PILs) and FIRs were filed against Indiabulls Housing Finance back in 2019, alleging irregularities, siphoning of funds, and other violations committed by the promoters of the company.
Jet has come under regulatory scrutiny twice this year.
Sushant Singh Rajput's sister Shweta Singh Kirti posted a cryptic quote on her social media platforms saying people should think about the consequences before messing up with someone.
The protesters started marching towards the PM's residence shouting slogans and holding anti-government placards.
The Supreme Court has rejected an appeal by Vijay Mallya to overturn charges against him for allegedly violating foreign exchange rules, adding to the legal challenges facing one of the country's most prominent businessmen.
Responding to a query about corruption in the scheme's implementation, Minister of State for Rural Development Upendra Kushwaha said almost all members know about it and added that steps are being taken for improving the scheme.
The government, he said, will leave no stone unturned to bring to justice anyone indulging in financial irregularities.
India said it will continue to extend its developmental assistance to the friendly people of Sri Lanka.
Actor Taapsee Pannu and director Anurag Kashyap resumed shooting for their film Dobaaraa on Saturday, both using social media to speak for the first time since Income Tax raids on their premises with posts indicating their spirit remained intact.
Supreme Court has posed a question to Mallya about the truthfulness of his disclosure of assets and transfer of $40 million to his children
Sirisena's sacking of Wickremesinghe was the culmination of an year of bitter relations between them on several policy matters. The president has been critical of the prime minister and his policies, especially on economy and security.
The Congress alleged that the money-laundering law has been weaponised to target and humiliate people, and urged the Supreme Court to decide soon on the matter concerning the National Herald-Associated Journals Limited case.
The case pertains to alleged financial irregularities in supply of high-altitude tents worth Rs 22 crore to intelligence agency Research and Analysis Wing during 2009-13.
Sources claimed that Singhal was "evasive" in her replies and hence was arrested.
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