Congress leader Rahul Gandhi was questioned for over eight hours by the Enforcement Directorate for the second consecutive day in the National Herald money-laundering probe and was again summoned on Wednesday, even as the opposition party continued its protests and sparred with the BJP, accusing it of conspiring to defame the Gandhi family through the ''false'' case.
The airline had renewed its insurance on Oct 1 for nearly $29 million to cover its 132 aircraft.
However, the RBI declined to share details of action being taken on these fraud cases saying "it is not readily available".
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas Bank has an exposure of 23 per cent. The agency has booked the company and its Directors - Sadhna Kothari and Rahul Kothari - under IPC sections related to criminal conspiracy (120-B) and cheating (420), besides various provisions of the Prevention of Corruption Act.
Unperturbed at the prospect of a possible life ban, a defiant Lalit Modi on Tuesday continued his tirade against Board of Control for Cricket in India president N Srinivasan and said he will not "sit back quietly" and watch the Tamil Nadu strongman "destroy" Indian cricket.
The EOW conducted searches at the house of PC Singh, the bishop of the Church of North India Jabalpur Diocese, on Thursday morning following registration of a case of cheating against him.
The prime accused deployed a modus operandi of claiming the investment in real estate purchased in the name of third party as unsecured loan
The Comptroller and Auditor General of India on Monday reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications. "NICSI procured hardware and software costing Rs 890.34 crore through the 'Strategic Alliance' route in contravention of General Financial Rules, 2005 and departmental instructions and thus failed to ensure transparency and competitiveness in the procurement process," according to the CAG report tabled in Lok Sabha on Monday.
While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.
Narendra Modi and veteran Bharatiya Janata Party leader L K Advani are among the ten members of Parliament elected from Gujarat, who are facing criminal charges.
Congress chief Sonia Gandhi's son-in-law said that he was a political victim but never misused his position or ran away with anyone's money.
The statement from the CBDT came as raids on the homes and offices of Bollywood actor Taapsee Pannu, director Anurag Kashyap and his partners who launched the now shuttered Phantom Films continued in Mumbai, Pune and Hyderabad for the second day. The searches also covered some executives of celebrity and talent management companies KWAN and Exceed, officials said.
The Enforcement Directorate has registered a money laundering case against a close associate of Union Minister Gen (retd) VK Singh over alleged financial irregularities in the supply of defence items.
Vishwas said before making an apology, he wants to know if Kejriwal lied earlier.
Chelsea may still take their case to the Court of Arbitration for Sport, as other clubs have done in the past.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
Banerjee slammed the opposition for a "malicious campaign" launched against her, asserting that she does not support corruption.
The Congress on Monday sought a thorough probe in the Rafale defence deal and demanded answers from Prime Minister Narendra Modi, after a French media report claimed that 1.1 million (Rs 9.5 crore) was paid to a "middleman" by the aircraft manufacturer.
Congress leader Rahul Gandhi was questioned for over 10 hours by the Enforcement Directorate in a money-laundering probe linked to the National Herald newspaper and was called to depose again on Tuesday, as his party protested across the country, alleging that the Centre was targeting the Opposition by misusing agencies.
The enforcement agency had received queries from the Interpol to this effect in May last week.
Jharkhand mining secretary Pooja Singhal, earlier arrested and remanded to the custody of the ED in a suspected money laundering case, was suspended by the Jharkhand government on Thursday, an official said.
Serious Fraud Investigation Office will probe the airline for instances of fund diversions and large-scale irregularities.
The Delhi Anti-Corruption Branch on Tuesday registered three separate FIRs in an alleged PWD scam, including one against the company of Delhi Chief Minister Arvind Kejriwal's late brother-in-law Surender Kumar Bansal.
This pertains to certain irregularities in loan disbursements towards the development of two Slum Rehabilitation Authority projects undertaken by the company in the past.
The ED's line of questioning, officials said, is revolving around Rhea's income, investments, business and professional deals, and links.
Unfortunately, in India, infrastructure projects are lost in a miasma of political and personal vanity, observes Shyam G Menon.
Wife of a navy sailor belonging to the Eastern Naval Command, who had raised allegations of financial irregularities against his senior officers, has alleged that her husband was being illegally kept in a hospital in Kochi and efforts were being made to establish that he was suffering from mental illness.
SFIO is looking into the role of Grant Thornton LLP which had valued the brand.
The 39-year-old was arrested by the Enforcement Directorate from Ranchi after the agency conducted multi-city raids against him, Singhal, her businessman husband Abhishek Jha and others, on May 6.
The Centre has declared as "unconstitutional and illegal" the constitution of an inquiry commission into the DDCA affairs by the Delhi government.
Ace golfer Jyoti Randhawa was arrested on Wednesday on charges of poaching in the Dudhwa Tiger Reserve protected area in Uttar Pradesh.
Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.
The German sportswear maker has brought Haskell, who played a key role in writing the growth story for Adidas in China, to give Reebok's India business a 'fresh start' after the alleged Rs 870-crore (Rs 8.7-billion) fraud by former managing director Subhinder Singh Prem and chief operating officer Vishnu Bhagat.
Arvind Kejriwal said that Arun Jaitley's claim that he holds high public character was "frivolous".
The agency has booked Sisodia, a 1992-batch IRS officer Sukesh Kumar Jain who was then secretary of vigilance, retired CISF DIG Rakesh Kumar Sinha who was working as special advisor to Chief Minister Arvind Kejriwal and joint director in the Feedback Unit, they said.
ED, which has been probing the alleged financial irregularities and cheating by Saradha group of companies, has also detected that a high interest rate of 18 per cent was assured to investors if they invested in the groups' schemes for a period of 3-5 years, the probe report said.
Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified
Wants details of Vijay Mallya transactions over 4 years
The Karnataka high court on Friday said it has called for a report from the state government on the role of radical organisations behind the hijab controversy in the state.
A special court in Mumbai on Monday remanded Shiv Sena leader Sanjay Raut to the custody of the Enforcement Directorate (ED) till August 4 in a money laundering case.
