News for 'housing fraud'

Controversy over Abe's State Funeral

Controversy over Abe's State Funeral

Rediff.com26 Sep 2022

The impact of Shinzo Abe's towering personality is such that even in death, Abe remains a polarising figure, asserts Dr Rajaram Panda.

Russia attempted to interfere in 2020 polls: US report

Russia attempted to interfere in 2020 polls: US report

Rediff.com17 Mar 2021

A declassified report by the United States intelligence released stated that Russia and Iran undertook campaigns to influence the 2020 Presidential election, but intelligence agencies found no evidence that foreign actors tried to alter votes or other technical aspects of the voting process.

We will prevail: Trump hints at 2024 presidential bid

We will prevail: Trump hints at 2024 presidential bid

Rediff.com1 Mar 2021

Speaking at the Conservative Political Action Committee in Orlando, Florida on Sunday, the 74-year-old leader, who left the White House on January 20, stopped short of announcing to run for the president in 2024, although he gave enough indications that he is moving in that direction.

Oppn set to corner Centre in Parliament on bank scams

Oppn set to corner Centre in Parliament on bank scams

Rediff.com4 Mar 2018

The government, on its part, is seeking to counter the opposition's offensive by bringing the Fugitive Economic Offenders Bill.

Will Mike Pence steal the election for Trump today?

Will Mike Pence steal the election for Trump today?

Rediff.com6 Jan 2021

Vice President Mike Pence has told Donald Trump that he lacked the power to challenge President-elect Joe Biden's victory in the November 3 election despite the US president's insistence that he did not, according to a media report.

US election was 'rigged' in favour of Biden, reiterates Trump

US election was 'rigged' in favour of Biden, reiterates Trump

Rediff.com6 Dec 2020

Trump alleged on Saturday that the last month's US election was rigged in favour of his Democratic opponent Joe Biden, who is now the President-elect.

Will consider testifying in impeachment probe: Trump

Will consider testifying in impeachment probe: Trump

Rediff.com18 Nov 2019

Trump floated the possibility of him testifying before the Congress after House Speaker Nancy Pelosi suggested the president has every opportunity to testify himself.

Rogue ARCs must be punished

Rogue ARCs must be punished

Rediff.com6 Jan 2022

Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.

Do you use Fintechs? Read this please!

Do you use Fintechs? Read this please!

Rediff.com15 Jul 2020

Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.

Nirav Modi to appear for remand hearing via videolink from jail on Friday

Nirav Modi to appear for remand hearing via videolink from jail on Friday

Rediff.com25 Apr 2019

During the course of the hearing last month, it emerged that Modi had made death threats to witnesses and also attempted to destroy evidence such as mobile phones and a server holding "material critical to the fraud".

'Join the BJP and clean yourself with Bharatiya Janata Laundry Machine'

'Join the BJP and clean yourself with Bharatiya Janata Laundry Machine'

Rediff.com15 Nov 2022

'Badle ki bhavna (revengeful politics) was never seen in Maharashtra and Indian politics, but now we are witnessing all that today.'

Double blow to Trump as ex-aides face prison for multiple financial crimes

Double blow to Trump as ex-aides face prison for multiple financial crimes

Rediff.com22 Aug 2018

The extraordinary admission on Tuesday came the same day as Trump's former campaign chairman, Paul Manafort, was convicted of five counts of tax fraud, two counts of bank fraud and one count of failure to disclose a foreign bank account. The jury was unable to reach a verdict on the remaining 10 counts, and the judge declared a mistrial on those charges.

PNB scam: UK court rejects Nirav Modi's latest bail attempt

PNB scam: UK court rejects Nirav Modi's latest bail attempt

Rediff.com26 Oct 2020

The 49-year-old jeweller, fighting extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, has made around six previous attempts at bail at the magistrates' court as well as at the high court level.

Employees colluded in LoU scam, PNB chief admits to ED

Employees colluded in LoU scam, PNB chief admits to ED

Rediff.com3 Mar 2018

According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.

RBL Bank: Strange Corner Office Changes

RBL Bank: Strange Corner Office Changes

Rediff.com5 Jul 2022

One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.

RBI's Shaktikanta Das is Asia Pacific central banker of the year

RBI's Shaktikanta Das is Asia Pacific central banker of the year

Rediff.com4 Feb 2020

Nominating Das, the Banker magazine, which announced the award, said India's banks have faced a series of challenges, from non-performing loans to issues around fraud. Faced with these challenges, Shaktikanta Das has taken steps to bring banking in India up to standard via a restrained approach to governance.

Choksi's firms siphoned off over Rs 6,344.96 cr from PNB

Choksi's firms siphoned off over Rs 6,344.96 cr from PNB

Rediff.com16 Jun 2021

Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.

Parliament washed out for 3rd day due to Opposition's uproar

Parliament washed out for 3rd day due to Opposition's uproar

Rediff.com7 Mar 2018

The opposition has been protesting over various issues, including the Punjab National Bank scam, since Monday when Parliament had reconvened after a month-long recess in the Budget session.

Obama asks Afghan prez candidates to refrain from violence

Obama asks Afghan prez candidates to refrain from violence

Rediff.com9 Jul 2014

In an unusual personal intervention in a foreign election, United States President Barack Obama has asked the two presidential candidates in Afghanistan's disputed polls to maintain calm and threatened to cut-off American aid if 'extra-constitutional' steps are taken.

Biden closes in on magical number of 270

Biden closes in on magical number of 270

Rediff.com6 Nov 2020

Biden -- who bagged 253 seats as against Trump's 213 -- appeared to be nearing the magical figure of 270 of the 538 electoral college votes.

Will easily win election if only 'legal votes' are counted: Trump

Will easily win election if only 'legal votes' are counted: Trump

Rediff.com6 Nov 2020

The US president mentioned that there was no "big blue wave" (Democrats) as pollsters had predicted, instead, there was a "big red wave" (Republicans).

New 'secrets' emerge in PNB scam

New 'secrets' emerge in PNB scam

Rediff.com28 Jan 2019

FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank's board, however, had felt they had no criminal intent and it was a case of 'casual oversight'

4 days on and Lok Sabha fails to carry out any business

4 days on and Lok Sabha fails to carry out any business

Rediff.com8 Mar 2018

Members from parties, including National Democratic Alliance partner Telugu Desam Party, All India Anna Dravida Munnetra Kazhagam and Trinamool Congress, continued their protests on various issues.

Parliament washed out for sixth straight day due to protests

Parliament washed out for sixth straight day due to protests

Rediff.com12 Mar 2018

NDA ally, the TDP continued to disrupt the both Houses of the Parliament over demand for special status to Andhra Pradesh.

Nirav Modi to make another bail plea in UK court on May 8

Nirav Modi to make another bail plea in UK court on May 8

Rediff.com1 May 2019

His legal team, led by solicitor Anand Doobay, have previously offered one million pounds as security alongside an offer to meet stringent electronic tag restrictions on their client's movements, "akin to house arrest".

Singapore HC orders freezing bank account of Nirav Modi's family

Singapore HC orders freezing bank account of Nirav Modi's family

Rediff.com2 Jul 2019

The Singapore high court has put a freeze on deposits of $ 6.122 million following Enforcement Directorate's request on the ground that the money was "proceeds of crime" illegally siphoned off by Nirav Modi from the Punjab National Bank.

I'm feeling great: Trump in 1st public event after COVID

I'm feeling great: Trump in 1st public event after COVID

Rediff.com11 Oct 2020

Hundreds of Republican supporters sporting light blue T-shirts and the familiar red MAGA (Make America Great Again) caps gathered at the South Lawns of the White House as the US president addressed them from his balcony in a campaign-style event.

More skeletons stumble out of Il&FS closet

More skeletons stumble out of Il&FS closet

Rediff.com7 Jun 2019

What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.

For 19 straight days, ruckus rocks Parliament

For 19 straight days, ruckus rocks Parliament

Rediff.com3 Apr 2018

Protests by various opposition parties have led to a near washout of both houses in Parliament.

CBI, ED turn to tech-driven investigations to nail offenders amid Covid-19

CBI, ED turn to tech-driven investigations to nail offenders amid Covid-19

Rediff.com26 May 2021

The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.

RBI bars banks from issuing LoUs in Nirav Modi scam fallout

RBI bars banks from issuing LoUs in Nirav Modi scam fallout

Rediff.com13 Mar 2018

The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.

SC stays order to sell HDIL assets to repay PMC Bank dues

SC stays order to sell HDIL assets to repay PMC Bank dues

Rediff.com7 Feb 2020

The Supreme Court on Friday stayed the Bombay high court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure the repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank. A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the appeal of the Reserve Bank of India against the Bombay high court order.

Biden close to win as his lead grows in battleground states

Biden close to win as his lead grows in battleground states

Rediff.com7 Nov 2020

As per the latest projections, Biden has 253 electoral college votes and Trump trails behind with 213. But some US media outlets have given 264 votes to Biden and 214 to Trump.

Oppn corners govt in RS on handling farm protests, BJP defends

Oppn corners govt in RS on handling farm protests, BJP defends

Rediff.com5 Feb 2021

Opposition parties on Thursday launched a vociferous attack on the Centre over its handling of the farmers' agitation, callings its dialogues with the protestors 'monologues', even as the ruling Bharatiya Janata Party defended the new laws asserting that its government is committed to the welfare of peasants and increase their incomes.

London court remands Nirav Modi till Feb 27 in PNB case

London court remands Nirav Modi till Feb 27 in PNB case

Rediff.com30 Jan 2020

The 48-year-old, who has been lodged at Wandsworth prison in south-west London, appeared via videolink from prison before district judge David Robinson. "I am told that your case is proceeding in accordance with the directions for a final hearing on 11 May," the judge told Modi, as he set the next 28-day remand hearing via videolink for February 27. Modi's extradition trial is scheduled for five days starting May 11, with the case management hearings in the case set to begin once all the evidence has been handed in to the court for the trial.

Would you bid for Nirav Modi's art?

Would you bid for Nirav Modi's art?

Rediff.com19 Mar 2019

Sixty-eight paintings that once belonged to fugitive diamond merchant Nirav Modi will go under the hammer next week.

Templeton's investment in Rana Kapoor's YES Capital under ED lens

Templeton's investment in Rana Kapoor's YES Capital under ED lens

Rediff.com3 Jun 2020

Schemes among the six wound up by the fund house had given a loan of Rs 518 crore against non-convertible debentures to the firm in March 2019, according to ED's chargesheet.

NEET result fear claims TN MBBS aspirant's life; AIADMk blames DMK

NEET result fear claims TN MBBS aspirant's life; AIADMk blames DMK

Rediff.com12 Sep 2021

Hours before he was to appear for the National Eligibility-cum-Entrance Test for a third time, a 19-year old youth belonging to a village near Salem died by suicide on Sunday, fearing the outcome of the test he was to take.

Republican attorney generals move US SC to hear mail-in ballot dispute

Republican attorney generals move US SC to hear mail-in ballot dispute

Rediff.com10 Nov 2020

Alleging that the order made by the Pennsylvania Supreme Court was unconstitutional, the attorney generals said the state overstepped its constitutional authority in accepting late ballots and violated the election clauses of the Constitution and that voting by mail creates voter fraud risks.

Why home-buyers may have to renegotiate with builders

Why home-buyers may have to renegotiate with builders

Rediff.com1 Aug 2019

After the NHB asked housing finance cos to desist from offering interest subvention schemes, disbursement of loans are likely to get delayed, points out Tinesh Bhasin.