News for 'financial scam'

MP: Revenue official mowed down by illegal sand vehicle

MP: Revenue official mowed down by illegal sand vehicle

Rediff.com26 Nov 2023

A patwari, a local revenue department official, was crushed to death by a tractor-trolley used for transporting sand illegally in Shahdol district of Madhya Pradesh, police said on Sunday.

Living In The Times Of Crime

Living In The Times Of Crime

Rediff.com3 May 2023

Redress for a victim is not easy. It is not really painful to file a cyber-crime complaint.
But someone who is technically unsophisticated enough to fall for a scam will find it hard to navigate the processes, points out Devangshu Datta.

'Scams may hit loan flow'

'Scams may hit loan flow'

Rediff.com31 Dec 2010

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.

How Modi govt brought economy back on track: White Paper

How Modi govt brought economy back on track: White Paper

Rediff.com8 Feb 2024

The 54-page document tabled in Parliament detailed how the Modi-government pull the economy from being counted among the most fragile-five in the world to being the fasted growing and the most attractive investment destination.

K'taka BJP MLC alleges Rs 21,473cr tender 'scam', targets CM's son

K'taka BJP MLC alleges Rs 21,473cr tender 'scam', targets CM's son

Rediff.com18 Jun 2021

The BJP MLC, who had switched his loyalty from the Janat Dal-Secular to the BJP two years ago, alleged that the "entire state" including ministers, had been talking about Vijayendra's interference in the administration.

Raut's aide Sujit Patkar kingpin of Covid centres scam: ED to court

Raut's aide Sujit Patkar kingpin of Covid centres scam: ED to court

Rediff.com20 Jul 2023

The probe agency, while seeking Patkar's custody, also told the court that an offence of such magnitude was not possible without the "explicit complicity of senior functionaries" of the Brihanmumbai Municipal Corporation.

'Nobody's Asking Where Money Will Come For Freebies'

'Nobody's Asking Where Money Will Come For Freebies'

Rediff.com24 May 2024

'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'

Political parties do not have higher immunity: SC in plea on misuse of probe agencies

Political parties do not have higher immunity: SC in plea on misuse of probe agencies

Rediff.com5 Apr 2023

The Supreme Court on Wednesday refused to entertain a plea by 14 political parties led by the Congress alleging arbitrary use of central probe agencies against opposition leaders, asserting that laying down guidelines without facts of a criminal case will be "dangerous".

UPI-related scams account for 55% of total digital payments frauds in India

UPI-related scams account for 55% of total digital payments frauds in India

Rediff.com17 May 2023

Out of all the reported digital payment frauds in India, over half (55 per cent) were United Payments Interface (UPI)-related, a new report released on Tuesday revealed. Another 18 per cent are card related, 12 per cent are related to internet banking and nine per cent are from phishing calls. Most of the UPI-related frauds, however, have a low ticket size.

'Rahul comes across as INDIA's villain'

'Rahul comes across as INDIA's villain'

Rediff.com1 Feb 2024

'It is not his doing, but Rahul Gandhi is forced by circumstances.' 'In taking political decisions, everything has to get his clearance.'

CBI summons Derek O'Brien in Saradha scam probe

CBI summons Derek O'Brien in Saradha scam probe

Rediff.com26 Jul 2019

The agency had summoned him in January too but he sought time, citing the ongoing Winter Session of Parliament, they said.

Jignesh Shah arrested in NSEL scam

Jignesh Shah arrested in NSEL scam

Rediff.com7 May 2014

Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.

Byju's Spectacular Meltdown

Byju's Spectacular Meltdown

Rediff.com7 Mar 2024

The edtech major promised a learning revolution, offering hope to millions of under-educated youth. Now, those dreams are shattered, observes Devangshu Datta.

EXPLAINED: How chit fund scams work

EXPLAINED: How chit fund scams work

Rediff.com12 Feb 2019

'Around 15 crore poor people have lost their money.'

CAG to audit reconstruction of Delhi CM's residence

CAG to audit reconstruction of Delhi CM's residence

Rediff.com27 Jun 2023

The Union home ministry has recommended the special CAG audit taking note of a May 24 letter by Lieutenant Governor V K Saxena which pointed out 'gross and prima facie financial irregularities' in the 'reconstruction' of the chief minister's official residence, they claimed.

The rise and rise of Money Matters

The rise and rise of Money Matters

Rediff.com25 Nov 2010

The company, which finds itself at the centre of the real estate scam, as alleged by the Central Bureau of Investigation, is housed in a dilapidated building, and from the exterior, nobody can ever guess that the fourth floor of MMFSL would be so swanky.

For Congress in Telangana, it's a vote on 5-month rule

For Congress in Telangana, it's a vote on 5-month rule

Rediff.com13 May 2024

As the triangular political contest in Telangana intensifies, many believe that for the regional major BRS, it is a battle for survival after being routed in the assembly polls held late last year. What is haunting the party this time is the scams, the 10-year anti-incumbency factor, and family dominance in the party.

Will implement UCC, scrap religion-based quota if BJP wins in Telangana: Shah

Will implement UCC, scrap religion-based quota if BJP wins in Telangana: Shah

Rediff.com18 Nov 2023

Union Home Minister Amit Shah, who released BJP's manifesto for the legislative assembly polls, said a committee would be constituted on UCC.

OTT Goodies This Week!

OTT Goodies This Week!

Rediff.com28 Mar 2024

From fantasy to football, OTT is beaming with all kinds of goodies this week.

MSP, hiking 50% quota, VVPAT, no Agnipath: Congress rolls out manifesto

MSP, hiking 50% quota, VVPAT, no Agnipath: Congress rolls out manifesto

Rediff.com5 Apr 2024

Right to apprenticeship, legal guarantee for MSP, passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, a nation-wide caste census and scrapping of Agnipath scheme are among the promises made by the Congress in its Lok Sabha polls manifesto released on Friday.

A Neat Tragedy Called NEET

A Neat Tragedy Called NEET

Rediff.com25 Jul 2024

NEET is a court-ordered examination, supposedly aimed at meritocracy. However, over the past years when the incumbent Narendra Modi government at the Centre began implementing it, it took on political and casteist colours, observes N Sathiya Moorthy.

Jignesh Shah quits as Financial Technologies MD

Jignesh Shah quits as Financial Technologies MD

Rediff.com20 Nov 2014

Jignesh Shah, who is fighting legal cases in the NSEL's Rs 5,600-crore scam, has resigned as the Managing Director of Financial Technologies India, a company set up by him, and will become its Chairman-Emeritus.

'Be In Cash; About Over 20-25%'

'Be In Cash; About Over 20-25%'

Rediff.com8 May 2024

'The markets will correct, and they are bound to correct. The boom will turn into bust.' 'When this bust happens, people would lose like they have lost in the past.' 'Whatever you have made possibly in the last couple of years, you may lose in a couple of weeks. That's very much possible.'

The Unholy Rift Between Companies And Auditors

The Unholy Rift Between Companies And Auditors

Rediff.com25 Aug 2023

38 auditors resigned in 2022-23, compared with 46 the previous year.

The NCP Leaders Under The Central Agencies' Scanner

The NCP Leaders Under The Central Agencies' Scanner

Rediff.com5 Jul 2023

Did the fear of central agencies probing scams involving NCP leaders that forced these politicians to jump ship?

SC verdict on Adani 'extraordinarily generous': Cong

SC verdict on Adani 'extraordinarily generous': Cong

Rediff.com3 Jan 2024

The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board of India (SEBI) and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue.

How to save yourself from financial frauds, online and offline

How to save yourself from financial frauds, online and offline

Rediff.com20 Sep 2021

India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."

Fake stamp paper scam kingpin Abdul Karim Telgi dies

Fake stamp paper scam kingpin Abdul Karim Telgi dies

Rediff.com26 Oct 2017

He was in news after the then DIG (Prisons) D Roopa recently alleged that Telgi was among several prisoners who received special treatment in the jail.

PNB scam: Bank ignored auditors' warning

PNB scam: Bank ignored auditors' warning

Rediff.com28 Feb 2018

The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.

Want To Invest In IPOs? Read This

Want To Invest In IPOs? Read This

Rediff.com14 Dec 2023

Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'

Govt creates elite unit to probe financial crimes

Govt creates elite unit to probe financial crimes

Rediff.com19 May 2011

The specialised wing -- Directorate of Criminal Investigation (Income Tax) -- will be manned by hand-picked officers who are experts in financial and forensic investigations.

Sanatan is ruling, INDIA can't stop it: Amit Shah

Sanatan is ruling, INDIA can't stop it: Amit Shah

Rediff.com3 Sep 2023

Home Minister Amit Shah on Sunday lashed out at opposition Indian National Developmental Inclusive Alliance (INDIA) parties over Dravida Munnetra Kazhagam leader Udhayanidhi Stalin's remarks against 'Sanatan Dharma', accusing them of insulting 'Sanatan Dharma' for votebank and appeasement politics.

How to spot a scholarship scam

How to spot a scholarship scam

Rediff.com23 Apr 2014

How does one distinguish a genuine financial grant from a fake?

CBI gets sanction to prosecute Chitra Ramkrishna

CBI gets sanction to prosecute Chitra Ramkrishna

Rediff.com13 Feb 2023

Leading stock exchange NSE's board has given its approval to the Central Bureau of Investigation (CBI) to prosecute its former MD and CEO Chitra Ramkrishna in the co-location scam case, sources said on Monday. The CBI was awaiting the go-ahead of the board of National Stock Exchange of India (NSE) to prosecute Ramkrishna following her arrest in March last year. She was arrested in the co-location scam nearly four years after an FIR was registered by the agency in May 2018.

Kejriwal's nephew arrested in PWD scam; AAP cries foul

Kejriwal's nephew arrested in PWD scam; AAP cries foul

Rediff.com10 May 2018

Vinay Bansal, son of Kejriwal's brother-in-law, was arrested on Thursday morning, ACB chief Arvind Deep said.

Neglect of 1992 scam led to Mallya, Modi frauds

Neglect of 1992 scam led to Mallya, Modi frauds

Rediff.com7 Mar 2018

'The Modi government has been taking credit for improvement in respect of the ease of doing business in India.' 'But when I look at the scams I cannot help feeling that it is too easy to do business with banks in India, if one is a Harshad Mehta, Vijay Mallya or Nirav Modi and their tribe,' says former Union home secretary Madhav Godbole.

Ketan Parekh link surfaces in realty scam

Ketan Parekh link surfaces in realty scam

Rediff.com2 Dec 2010

CBI officials, however, said no such evidence had so far been found. CBI, on receiving a tipoff from its sources, found that a private financial services company, its chairman and managing director, and other associates were allegedly bribing senior officials of public sector banks and financial institutions for facilitating largescale corporate loans.

Modi inaugurates Atal Setu, India's longest sea bridge

Modi inaugurates Atal Setu, India's longest sea bridge

Rediff.com13 Jan 2024

Prime Minister Narendra Modi on Friday inaugurated the Rs 17,840 crore Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, the longest bridge as well as the longest sea bridge in the country connecting south Mumbai with Nhava-Sheva in Navi Mumbai.

SC gives SBI 24 hours to release electoral bonds data

SC gives SBI 24 hours to release electoral bonds data

Rediff.com11 Mar 2024

Chastising the State Bank of India, the Supreme Court on Monday ordered it to disclose the details of the electoral bonds encashed by political parties to the Election Commission by the close of the business hours on March 12 and warned the country's largest public sector lender that the court may proceed against it for 'wilful disobedience' if it failed to comply with its directions and deadlines.

Fake gold scam hammers Hong Kong jewellers

Fake gold scam hammers Hong Kong jewellers

Rediff.com2 Dec 2010

The gold-mad city has woken up to a massive scam as investigators discovered that at least 200 ounces of fake bullion, worth about $250,000 have been traded at the island`s fabled jewellery souks so far this year, Financial Times reported.