The economic offence wing of Delhi police has registered an FIR against Nayati Healthcare's Niira Radia and four others for alleged embezzlement of over Rs 300 crore of bank loan, following a complaint filed by orthopaedic surgeon Rajiv Sharma from whom they had acquired two hospitals.
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.
Giving a clarion call to defeat the Mamata Banerjee-led party in West Bengal, the prime minister while addressing a mega rally in Siliguri said, "The road to oust the corrupt TMC government from West Bengal will open from the Lok Sabha polls."
The government has accused Premier Automobiles Ltd Managing Director M V Doshi of far out stepping his authority and selling the company's assets, besides embezzling funds and cheating shareholders.
Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.
He is expected to be produced before a special Prevention of Money Laundering Act court on Saturday where the ED will seek his remand for custodial interrogation.
The Supreme Court on Wednesday dismissed the plea for interim bail of former Fortis Healthcare promoter Shivinder Mohan Singh who along with others is accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd (RFL) funds. Singh had sought interim bail for a short period on "humanitarian grounds" for helping his ailing mother to take part in the last rituals of his maternal uncle, who died on March 8 in Haryana. "We are of the opinion that the presence of the accused was not a must...," said a bench of Justices M R Shah and B V Nagarathna while dismissing the plea.
Police in Malaysia are hunting golf's Asian Tour's former finance and human resources manager after he defrauded the organisation of a large sum of money and disappeared.
The headquarters of SOLIDEO, the public body responsible for delivering Olympic and Paralympic infrastructure, were also being searched amid a preliminary investigation dating back to 2022, following an audit by the French Anti-Corruption Agency, the PNF added.
BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi international airport following a look out circular issued against them in the alleged fraud at the fintech firm, sources said. The couple were to travel to New York late on Thursday for vacation when they were stopped at the airport on the basis of a look out circular issued by the Economic Offences Wing (EoW) of the Delhi police. EoW is investigating complaints of payments being made at BharatPe to fake human resource consultancies allegedly operated by Grover and family. They have also been accused of backdating invoices to use funds.
Bihar Rural Development Minister Nitish Mishra on Monday ordered an inquiry into the allegations that nearly 73 per cent of the funds allotted for implementation of the Mahatma Gandhi National Rural Employment Guarantee Act in 38 districts of Bihar, between 2006 and 2012, have been embezzled by authorities.
"Whose money is this? From where did the money in these bank accounts have come," a bench headed by Justice Dipak Misra asked the counsel for Setalvad.
Disgraced Chinese leader Bo Xilai on Saturday said he had not acted to stop the embezzlement of government funds by his wife, the first time he has admitted to any of the charges against him since his trial began two days ago.
Supporters of a Hindu rights group, which spearheaded mass protests demanding better treatment for ethnic Indians in Malaysia, are being investigated for allegedly misusing several hundred thousand dollars in donation funds, the police said.
Dubai-based billionaire BR Shetty has sued Bank of Baroda (BoB) and audit firm Ernst & Young (EY) in a New York court, accusing them of ignoring fictitious and fraudulent transactions that resulted in NMC Healthcare going bankrupt. Shetty is seeking $8 billion in damages in the suit that also names the top management of NMC Healthcare, and Netherlands-based Credit Europe Bank. A top NMC Healthcare official confirmed the development to Business Standard and said despite several meetings, senior BoB officials in India did not take remedial steps for fear of getting involved in an international ponzi scheme perpetrated by then senior management officials.
Upping the ante, fintech unicorn BharatPe has filed an arbitration for clawing back it's former MD and co-founder Ashneer Grover's restricted shareholding and founder title, sources said. The arbitration was filed on Thursday under Singapore International Arbitration Centre (SIAC) rules, sources with direct knowledge of the matter said. If relief is granted, Grover may lose his unvested shares and right to use the founder title.
The Central Bureau of Investigation has filed a charge sheet against noted Malayalam author Paul Zacharia and four others including two charitable organisations in a case related to embezzlement of foreign funds.
The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been seen by PTI, was filed under eight sections of the Indian Penal Code, including 406 that deals with criminal breach of trust, 420 (cheating and dishonesty), 467 and 468 (forgery). BharatPe in the complaint alleged that Grover and his family caused damages of about Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through passthrough vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri Jain and destruction of evidence.
The unidentified youths shot Nijjar, a designated terrorist, inside the premises of Guru Nanak Sikh Gurdwara Sahib, of which he was the head, at Surrey at 8:27 pm (local time) on Sunday, they said.
Suspended Jharkhand IAS officer Pooja Singhal was paid "commission" by subordinate staff from MGNREGA funds of Khunti district which she and her husband subsequently utilised for acquiring various properties, the Enforcement Directorate (ED) claimed in a statement on Wednesday.
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.
The Apex court, however, said that the interim order providing protection from arrest to Setalvad and her husband Javed Anand shall be extended till the larger bench takes up the matter.
The Supreme Court on Wednesday questioned the CBI and the Gujarat government as to why they want to send social activist Teesta Setalvad and her husband Javed Anand back in jail after they have been out for over seven years on anticipatory bail.
Recorded versions or bhajans being recited by those present at the temples were played out at around 5 am to counter the morning azaan being recited on the loudspeakers.
Ekka, who is embroiled in the controversy for allegedly signing official documents at a private place, was removed from the post following Bharatiya Janata Party's allegation of his conniving with middlemen.
She has been called again on Wednesday for a fresh round of grilling.
Gujarat police opposed in the Supreme Court the anticipatory bail plea of Teesta Setalvad.
An Egyptian court on Wednesday sentenced ousted president Hosni Mubarak to three years in prison after finding the 86-year-old leader guilty of embezzling public funds, three years after he was toppled following a popular uprising.
Six years ago, the company discovered an incident of embezzlement of about $4 mn by an employee.
The government may ask the Central Bureau of Investigation to probe the alleged transfer of funds by the Ford Foundation to activist Teesta Setalvad's Sabrang Communication and Publishing Pvt Limited.
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.
Nearly 73 per cent of the funds allotted for the implantation of the Mahatma Gandhi National Rural Employment Gurantee Act in 38 districts of Bihar between 2006 and 2012 have been embezzled by authorities. Bihar spent a total amount of Rs 8,189 crore during 6 years on NREGA, according to an audit conducted by the Delhi-based Centre for Environment and Food Security.
Sources claimed that Singhal was "evasive" in her replies and hence was arrested.
The Delhi-based Centre for Environment and Food Security has filed an application in the Supreme Court seeking a thorough probe by the Central Bureau of Investigation into the Mahatma Gandhi National Rural Employment Guarantee Act scam in Bihar.
"Lok Janshakti Party spent the year 2012 in Jan Sampark Yatra. We worked on all issues, be it Rs. 82,000 crores large-scale corruption or 6,000 MNREGA scandal or people dying after consuming illicit liquor. We conducted the Jan Sampark Yatra on all these issues in 2012 and we announced that we would take out a yatra in 2013. It is after intense thinking that we named this yatra as Bihar Bachao yatra," Paswan told mediapersons here.
The National Level Monitors have pointed out grave irregularities in the NREGA scheme in Uttar Pradesh.
Today, a friendship forged by common ideals behind prison walls has become a transactional understanding, notes Aditi Phadnis.
At least 20 working committee members on Wednesday demanded that the Jammu and Kashmir Cricket Association president Farooq Abdullah dissolve the existing set-up of office bearers for the sake of an independent inquiry into the alleged embezzlement of funds.
A former Indian-American executive of Koss Corporation was sentenced to 11 years in prison on Thursday for embezzling $34 million from the Milwaukee headphones maker.
In a major blow to Nirav Modi, a bankruptcy court in the US has rejected a petition of the fugitive diamond merchant and two of his associates, seeking dismissal of fraud allegations against them by the trustee of three companies they previously owned indirectly.
