News for 'illegal scheme'

Meet Maharashtra's Wealthiest Candidate

Meet Maharashtra's Wealthiest Candidate

Rediff.com20 Nov 2024

'When honest, wealthy people come forward to serve India, people should feel proud and welcome them.'

Criminal defamation should be retained because ...: Law panel to govt

Criminal defamation should be retained because ...: Law panel to govt

Rediff.com2 Feb 2024

The panel noted that it may be argued that criminal prosecution for defamatory statements is opposed to the right to freedom of speech and expression.

It's Rahul vs BJP on lateral entry of bureaucrats

It's Rahul vs BJP on lateral entry of bureaucrats

Rediff.com19 Aug 2024

The opposition parties on Sunday slammed the move to hire public servants through lateral entry, claiming it will snatch reservations from SCs, STs and OBCs, but the Bharatiya Janata Party hit back stating the National Democratic Alliance government was bringing transparency to this mode of recruitment started by the Congress-led United Progressive Alliance.

Does BJP Have Anyone To Match Kejriwal?

Does BJP Have Anyone To Match Kejriwal?

Rediff.com16 Aug 2024

'BJP insiders acknowledge that the party needs to be helmed by someone who can match Arvind Kejriwal's stature.' 'A Sudhanshu Trivedi or Bansuri Swaraj could bring the freshness the party needs in Delhi,' points out Aditi Phadnis.

Bill against ponzi schemes gets Parliament nod

Bill against ponzi schemes gets Parliament nod

Rediff.com29 Jul 2019

The bill provides for severe punishment ranging from 1 year to 10 years and pecuniary fines ranging from Rs 2 lakh to Rs 50 crore to act as deterrent.

NSE cautions investors against 'dabba' trading

NSE cautions investors against 'dabba' trading

Rediff.com10 Apr 2023

The National Stock Exchange (NSE) on Monday cautioned investors against some fraudsters running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that the entities -- Shri Parasnath Commodity Private Limited, Shri Parasnath Bullion Private Limited, Faary Tale Trading Private Limited and Bharat Kumar (associated with Trade with Trust) --were providing dabba or illegal trading platform with assured returns.

Driven by mother, Panwar eyes Olympic glory

Driven by mother, Panwar eyes Olympic glory

Rediff.com17 Jul 2024

Race walker Suraj Panwar gears up for debut within debut at Olympics

Modi govt using SBI to...: Cong on electoral bonds data plea

Modi govt using SBI to...: Cong on electoral bonds data plea

Rediff.com5 Mar 2024

"But the BJP wants it to be done after Lok Sabha elections. The tenure of this Lok Sabha will end on 16th June and SBI wants to share the data by 30th June," Kharge said.

Kumaraswamy booked for electricity theft during Diwali

Kumaraswamy booked for electricity theft during Diwali

Rediff.com14 Nov 2023

The ruling Congress posted a video along with a statement on social media platform X, criticising the Janata Dal-Secular leader and son of former Prime Minister H D Deve Gowda.

Who will bell the Ponzi schemes?

Who will bell the Ponzi schemes?

Rediff.com16 Nov 2015

Even Delhi does not have a full-time registrar of chits.

Electoral Bonds Exposes Weakness In India's Institutions

Electoral Bonds Exposes Weakness In India's Institutions

Rediff.com22 Feb 2024

When a strong executive decides it wants something, even something that is dangerous and unconstitutional, there is little resistance from within to stop it, notes Aakar Patel.

Sebi's multi-pronged approach to curb illegal money pooling

Sebi's multi-pronged approach to curb illegal money pooling

Rediff.com22 Nov 2014

He said that between 2000 and 2014, not a single entity got registered under the Collective Investment Scheme (CIS) regulations, which was introduced in 2000.

ED attaches assets worth Rs 24.95 cr of Hero MotoCorp's Pawan Munjal

ED attaches assets worth Rs 24.95 cr of Hero MotoCorp's Pawan Munjal

Rediff.com10 Nov 2023

The Enforcement Directorate on Friday alleged that Hero MotoCorp executive chairperson Pawan Kant Munjal used foreign currency issued in the name of others for his personal expenditure abroad to "override" RBI rules and attached his assets worth Rs 24.95 crore as part of a money laundering investigation. Three immovable properties (in the form of lands) of Munjal located in Delhi have been provisionally attached under the provisions of the Prevention of Money Laundering Act (PMLA), the central agency said in a statement.

ED attaches assets worth Rs 4,109 cr in Agri Gold ponzi scheme

ED attaches assets worth Rs 4,109 cr in Agri Gold ponzi scheme

Rediff.com24 Dec 2020

The ED has attached properties worth Rs 4,109 crore spread across various states in a money-laundering case linked to an alleged ponzi scheme, the agency said on Thursday. The case pertains to the Agri Gold Group of Companies. Three promoters of the group were arrested by the central agency on Tuesday.

Cong's bank accounts 'unfrozen' after I-T action claim

Cong's bank accounts 'unfrozen' after I-T action claim

Rediff.com16 Feb 2024

This has affected all political activity of the party, Maken said at a press conference.

Kejriwal used 'scam' money to stay at luxury Goa hotel: ED

Kejriwal used 'scam' money to stay at luxury Goa hotel: ED

Rediff.com11 Jul 2024

Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.

Hazards of investing in ponzi schemes

Hazards of investing in ponzi schemes

Rediff.com1 Jul 2019

The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.

Air India pilots union says 60% pay cut is illegal

Air India pilots union says 60% pay cut is illegal

Rediff.com20 Jul 2020

In a letter to Air India Chairman and Managing Director Rajiv Bansal, the ICPA said, "In the press conference by Honourable Minister Shri Hardeep Singh Puri dated 16th July 2020, you had stated 'we are in negotiation with the pilots', which is far from reality." "It was not a negotiation, but the 'diktat' of the MoCA (ministry of civil aviation) which was conveyed to us. We would also like to place on record that the so-called negotiation was 'not harmonious' in any aspect," the Indian Commercial Pilots' Association (ICPA) noted.

Motivational speaker dupes several; SC seeks response

Motivational speaker dupes several; SC seeks response

Rediff.com28 Feb 2024

The Supreme Court has sought responses of the Centre, CBI, the Enforcement Directorate and others including 13 states on a plea alleging fraudulent activities by motivational speaker Vivek Bindra and his firm Bada Business Pvt Ltd. Accusing the social media influencer and his firm of tricking people into giving them their money through a ponzi scheme that promised big returns, the petition sought a direction to the Centre to constitute a special investigation team (SIT) of the CBI to probe the case. A bench comprising MM Sundresh and SVN Bhatti took note of the submissions of senior advocate Vikas Singh, appearing for Shubham Chaudhary and 19 other petitioners, that Bindra and his firm have duped several people of their money.

Cal HC orders CBI probe into Sandeshkhali horrors

Cal HC orders CBI probe into Sandeshkhali horrors

Rediff.com10 Apr 2024

The court directed the CBI to investigate allegations of crimes against women and forcible land grabbing in Sandeshkhali and submit a comprehensive report to it on the next date of hearing.

Investing In Cryptocurrencies? Read This

Investing In Cryptocurrencies? Read This

Rediff.com29 Feb 2024

If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.

'First Congress Candidate To Get Vote From A Thackeray'

'First Congress Candidate To Get Vote From A Thackeray'

Rediff.com9 May 2024

While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.

Can Sebi stop the menace of ponzi schemes?

Can Sebi stop the menace of ponzi schemes?

Rediff.com12 Aug 2013

Sebi on Monday decided to declare illegal mobilisation of funds as a "fraudulent and unfair trade practice".

Rajiv abolished inheritance tax for Indira's wealth: Modi

Rajiv abolished inheritance tax for Indira's wealth: Modi

Rediff.com25 Apr 2024

The Congress wants to reinforce the tax more powerfully now after its four generations reaped benefit of the wealth passed on to them, he said.

Soren to attend Ram Mandir inauguration 'if invited'

Soren to attend Ram Mandir inauguration 'if invited'

Rediff.com28 Dec 2023

Jharkhand Chief Minister Hemant Soren on Thursday said he will attend the inauguration of the Ram temple at Ayodhya in January if he is invited to the programme.

We may consider interim bail to Kejriwal ahead of LS polls, SC tells ED

We may consider interim bail to Kejriwal ahead of LS polls, SC tells ED

Rediff.com3 May 2024

A bench of justices Sanjiv Khanna and Dipankar Datta told Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, that the hearing on Kejriwal's plea against arrest is likely to take time and therefore, the court was considering hearing the probe agency on interim bail to him.

Chhattisgarh poll: The issues BJP, Cong are banking on

Chhattisgarh poll: The issues BJP, Cong are banking on

Rediff.com12 Oct 2023

The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.

RBI's Sachet can help curb ponzi schemes

RBI's Sachet can help curb ponzi schemes

Rediff.com16 Aug 2016

As all regulators are part of it, individuals don't need to worry about approaching the right authority

NIA cracks down on Babbar Khalsa, Bishnoi gang; raids 32 places

NIA cracks down on Babbar Khalsa, Bishnoi gang; raids 32 places

Rediff.com11 Jan 2024

The raids were carried out in Punjab, Haryana, Rajasthan, Uttar Pradesh, Delhi and the Union Territory of Chandigarh by the NIA as part of a mega operation that began early Thursday morning, a spokesperson of the premier investigating agency said.

Sebi suspects 'money laundering' in ponzi schemes

Sebi suspects 'money laundering' in ponzi schemes

Rediff.com4 Aug 2016

The Ministry of Finance's Directorate of Enforcement should also be made a part of the state-level coordination panels,

Electoral Bonds: 'No Setback For BJP'

Electoral Bonds: 'No Setback For BJP'

Rediff.com15 Feb 2024

'It's not really going to bring about purity in the election process.'

Using An App For A Loan? Read This First

Using An App For A Loan? Read This First

Rediff.com7 Mar 2024

Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.

Modi says J-K breathes freely after Art 370 abrogation; silent on polls

Modi says J-K breathes freely after Art 370 abrogation; silent on polls

Rediff.com7 Mar 2024

After inaugurating development projects worth nearly Rs 5,000 crore for boosting the agri-economy in the Union territory, Modi said he was "elated to be among the wonderful people of Srinagar".

Brazil police say IOC's Hickey discussed illegal ticket sales

Brazil police say IOC's Hickey discussed illegal ticket sales

Rediff.com24 Aug 2016

Brazilian police said on Tuesday they had uncovered emails between detained International Olympic Committee (IOC) member Patrick Hickey and the British owner of a ticketing company they said masterminded a scheme selling Olympic tickets illegally.

Centre's welfare scheme funding gun-making racket in Bihar!

Centre's welfare scheme funding gun-making racket in Bihar!

Rediff.com12 Dec 2013

When the Union government had launched the Prime Minister's Rozgar Yojana with much fanfare years ago, they could not have imagined in their wildest nightmares that one day, the welfare scheme will be used by terrorists to carry out their subversive schemes.

Saradha Group to face prosecution for running ponzi schemes

Saradha Group to face prosecution for running ponzi schemes

Rediff.com15 Sep 2014

The agency, which looks into white collar crimes and violations of companies law, investigated more than 60 companies in this regard.

RBI starts scrutiny of nearly 3,000 private finance companies

RBI starts scrutiny of nearly 3,000 private finance companies

Rediff.com22 Jul 2013

The central bank's move comes against the backdrop of the government efforts to crackdown on entities, that are illegally raising large amounts of money from the public.

Govt using probe agencies to do hafta-vasooli: Cong

Govt using probe agencies to do hafta-vasooli: Cong

Rediff.com24 Feb 2024

In his letter to Sitharaman, Venugopal said media reports have exposed the alleged "quid-pro-quo between BJP and several firms, which in a strange coincidence donated to it, after the Enforcement Directorate (ED), Income Tax Department (IT) and Central Bureau of Investigation (CBI) and others, raided or searched those enterprises".

Maha to set up panel to strictly implement beef ban law

Maha to set up panel to strictly implement beef ban law

Rediff.com20 Mar 2023

The 'Maharashtra Gau Seva Aayog' (Maharashtra Commission for Cow Service) will supervise the rearing of livestock and assess which of them are unproductive and rendered unfit for milking, breeding, and carrying agricultural works etc, said the animal husbandry department official.

Blackmoney: E-filing link to declare illegal assets launched

Blackmoney: E-filing link to declare illegal assets launched

Rediff.com21 Jul 2015

The new 2 page form has been categorised as 'Form 6'