Sandeep Raut has been asked to depose before the central agency at its office in Mumbai next week, they said, adding his statement will be recorded under the Prevention of Money Laundering Act.
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.
'We will be starting with the U17 league first, followed by the U15 and U13. There will be spotters in most of the games of U13 leagues, to identify talents.'
Whether it is the virtual world or the physical one using your credit card with a few precautions go a long way in keeping it safe. Be cautious and do not become a statistic in the growing credit card fraud!
The petition claimed there were "mistakes and errors" in the judgment, and in light of certain new material that had been received by the counsel for the petitioner, there were sufficient reasons for a review of the verdict.
The Champai Soren-led coalition government in Jharkhand will seek trust vote on February 5, minister Alamgir Alam said on Friday after a Cabinet meeting.
From taking charge of Jharkhand as its youngest chief minister at 38 to establishing himself as a 'fighter' for tribal rights, Hemant Soren, who was arrested by the Enforcement Directorate, is an accidental leader thrust into politics after a family tragedy.
The All India Tennis Association, often accused of being lax in dealing with age fraud, had no clear answers to what transpired at CLTA.
Sources said that the footage was recorded in video-only format during interrogation as the CCTV system did not have audio recording facility at the time. Audio recordings were added to the video capturing system of the ED interrogation process only in October last year, sources said.
A special court in Mumbai on Monday rejected Jet Airways founder Naresh Goyal's applications seeking medical checkup by his personal doctor on regular basis and home-cooked food inside prison.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
Disney Star is mulling legal actions against Zee Entertainment for backing out from a $1.4 billion sub-licensing agreement for TV broadcast of international cricket matches in India, according to industry sources. This could brew another legal trouble for Zee Entertainment Enterprises Ltd (ZEEL), which is already facing an arbitration plea by Sony Group at the Singapore International Arbitration Centre, claiming $90 million for breach of conditions of their merger agreement. Disney Star, an Indian subsidiary of media conglomerate The Walt Disney Company, is working on its strategy over the development, said industry sources.
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
'Clients deemed higher-risk are required to update their KYC more frequently.'
This case revolves around the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3,300 crores.
The investigation pertains to a case against Pranav Jewellers, a partnership firm based in Tiruchirapalli, whom the ED raided on November 20 and claimed to have seized "unexplained" cash of Rs 23.70 lakh and some gold jewellery.
Stories of friendship, former life and fights against the system dominate the OTT this week. Sukanya Verma lists her recommendations.
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued circulars to all banks.
Abu Dhabi's International Holding Company, one of the first high-profile investors in billionaire Gautam Adani's conglomerate, has decided to sell its stake in two Adani companies. In a disclosure, IHC said it has "entered into a definitive agreement with a buyer to dispose of its FDI investment in Adani Green Energy Ltd and Adani Transmission Ltd". It, however, did not name the buyer.
Jharkhand Governor C P Radhakrishnan on Thursday nominated Jharkhand Mukti Morcha legislative party leader Champai Soren as the chief minister and invited him to take the oath, capping a day of fast-paced developments.
State Bank of India reported 544 cases of such frauds that caused a loss of Rs 191,295 lakh
With the overall incidence of frauds rising in corporate India, there is a need for India Inc to deal with fraud risks firmly
The survey was based on the survey of 44 banks.
A 30-year-old Indian-American physical therapist along with a patient recruiter has been convicted in a USD 1.6 million Medicare fraud scheme, federal prosecutors said.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
The committee found Mukhi guilty on the basis of the evidence presented by him, his admissions and the statements of the manager of Under-16 AIFF academy in 2015.
CBI had filed two FIRs in May 2022 against seven people in two cases related to alleged fixing of matches in IPL 2019.
Former captain Bhaichung Bhutia demanded the resignation of All India Football Federation president Kalyan Chaubey.
According to India Fraud Survey 2012, 71 per cent of the companies surveyed felt fraud had become an 'inevitable cost of business'.
About 40 per cent of respondents felt fraud had gone up in India, while 67 per cent said the new Act would improve governance.
With the entire fraud amount becoming a non-performing asset, around 25 per cent of the bank's estimated net worth of Rs 40,000 crore could be affected.
The KPMG Report points out that just four per cent of all frauds have been detected by external auditors the largest proportion, 36 per cent, have been detected by internal auditors, says Sunil Jain.
Government officials have lodged FIRs and slapped fines to the tune of Rs 1 crore on hospitals involved in frauds.
The jewellers and companies linked to Nirav Modi and Mehul Choksi had allegedly colluded with PNB officers to obtain fake bank guarantees to get loan from overseas branches of Indian banks including Allahabad Bank, Axis Bank and UCO Bank.
A Canadian parliamentary committee has voted unanimously to urge the border services agency to stop the deportation of nearly 700 Indian students who were duped by unscrupulous education consultants in India to enter the country with "fraudulent college admission letters."
Spanish prosecutors have won a series of cases against high profile footballers and coaches for tax fraud in recent years, including Lionel Messi, Cristiano Ronaldo and Jose Mourinho.
The court's observation came while granting bail to a person accused of running call centres in the country and defrauding United States citizens to the tune of about $20 million.
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
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