The Enforcement Directorate on Tuesday questioned former Indian cricket team captain and Congress leader Mohammed Azharuddin for over nine hours in a money laundering case linked to alleged financial irregularities in the Hyderabad Cricket Association, official sources said.
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 Delhi high court on Tuesday imposed Rs 2 lakh as costs on BharatPe co-founder Ashneer Grover in the matter related to his alleged defamatory social media posts against the fintech company. Justice Rekha Palli took on record the apology and the undertaking given by Grover but proceeded to impose costs on him, saying the "court cannot be taken for granted". The judge, while dealing with a plea by Resilient Innovations Pvt Ltd - which owns BharatPe - against its former MD, said the court was "appalled" to note the "persistent" and "blatant" violation of the earlier orders and assurances given by Grover in this regard.
The case was registered by the Ahmedabad Crime Branch on a complaint accusing Setalvad and Anand of "fraudulently" securing grants of Rs 1.4 crore from the union government through their NGO Sabrang Trust between 2008 and 2013.
A local court in Vijayawada remanded Telugu Desam Party chief N Chandrababu Naidu in judicial custody for 14 days in an alleged multi-crore corruption scam on Sunday.
Fintech firm BharatPe on Wednesday said it has removed co-founder Ashneer Grover from all positions at the company. BharatPe has also found involvement of Grover family and relatives in extensive misappropriation of the company's funds. "The board will not allow the deplorable conduct of the Grover family to tarnish BharatPe' s reputation or that of its hard-working employees and world-class technology.
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 EOW had registered a case against Pednekar and two senior officials of the Brihanmumbai Municipal Corporation (BMC) under various Indian Penal Code sections including 420 (cheating) and 120 (B) (criminal conspiracy), based on a complaint filed by BJP leader Kirit Somaiya.
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.
"It is not true that there is 30-40 per cent siphoning," rural development minister C P Joshi told the Rajya Sabha during Question Hour.
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 court had instructed the CID officials to virtually produce Naidu before it through the 'Blue Jeans' app by 5 PM today. The TDP chief was virtually not produced before the court on Saturday.
As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act, they said.
Police on Friday registered a case against two former officials of Jammu and Kashmir Cricket Association (JKCA) following allegations of misappropriation of funds, received by the body from the BCCI.
Scores of TDP leaders and supporters burst into celebrations across the state on the release of their leader.
The action comes days after the CBI registered an FIR in the country's biggest alleged bank loan fraud case till date.
A Delhi court on Wednesday dismissed a plea seeking registration of an FIR against Union Minister Salman Khurshid and his wife Louise for alleged criminal misappropriation of funds meant for a family-run trust, saying it has no "territorial jurisdiction".
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.
He said the CID team of lawyers have opposed both the bail petitions on the grounds of maintainability and made submissions on the merits of the matter.
Senior criminal lawyers explain the minutiae of the National Herald case in an effort to help sort out the legal intricacies of the case for the layman.
The Supreme Court on Wednesday said it will not restrain the trial court from dealing with a plea seeking police custody of former Andhra Pradesh chief minister and TDP leader N Chandrababu Naidu as it announced a new bench will hear his petition for quashing the FIR in the alleged Rs 371 crore scam in the state's Skill Development Corporation on October 3.
Erroneously labelling it a chit fund may unwittingly give this questionable company legal wings to fly.
The Ministry of Consumer Affairs is conducting an in-depth financial audit of some consumer awareness NGOs that have received financial assistance from it in recent years.
According to the remand report submitted to the court, Naidu was named as Accused 37 (A37) in the case.
The Bombay high court on Wednesday granted interim protection from arrest to Bharatiya Janata Party leader Kirit Somaiya in a case of alleged misappropriation of funds collected in the name of saving the decommissioned naval aircraft carrier INS Vikrant.
A delegation of account-holders went to Sion police station in central Mumbai and submitted the complaint against officials of the bank on which the RBI has imposed operational restrictions. The delegation in its complaint alleged that at least 14 people, including the PMC Bank's chairman and all its directors, were involved in misappropriation of funds of the account-holders.
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 staff at post offices misappropriated Rs 95.62 crore of public money between November 2002 and September 2021, the Comptroller and Auditor General has said. The money may seem small but it is what common citizen invested in post office savings, the oldest and the largest banking system in the country. The system serves the investment needs of urban and rural clients through schemes such as savings bank, recurring deposits, time deposits, national savings certificates, kisan vikas patras, public provident fund, monthly income account scheme, sukanya samriddhi accounts and senior citizens savings scheme.
A bench of Justices Ajay Rastogi and CT Ravikumar was hearing a matter relating to the maintenance of the temple.
Gujarat police opposed in the Supreme Court the anticipatory bail plea of Teesta Setalvad.
The former Congress chief is an accused in the National Herald case in which BJP leader Subramanian Swamy is the complainant.
After a local court in Vijayawada on Tuesday rejected a house custody petition filed by Telugu Desam Party chief N Chandrababu Naidu, his legal team moved two pleas in the high court -- one seeking quashing of the case and another a bail petition.
Embattled Adani group has appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. Sources said the audit is primarily to show to regulators like the Reserve Bank of India (RBI) that the group has nothing to hide and it is in compliance with relevant laws. The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.
Veteran sports administrator Narinder Batra's former office at the Indian Olympic Association headquarters and the Hockey India office in New Delhi were on Monday raided by CBI officials.
The court converted Naidu's four-week interim medical bail in this case into absolute bail and ordered the former chief minister's release on regular bail, considering his age, old age-related ailments, non-flight risk and other reasons.
The Andhra Pradesh police on Friday told the Supreme Court they will not arrest Telugu Desam Party chief N Chandrababu Naidu in the FiberNet case till October 18 due to the pendency his petition related to the Skill Development Corporation scam in the apex court.
This is also the first time that Naidu has been arrested on corruption charges in his political career spanning over 40 years.
According to officials, the Union health ministry had received complaints about alleged corruption at the regional branches of the Red Cross Society in Tamil Nadu, Kerala, Assam, Karnataka and the Andaman and Nicobar Islands.
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 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.
