News for 'illegal siphoning'

Decade on, Jaypee Infratech customers still waiting for a home

Decade on, Jaypee Infratech customers still waiting for a home

Rediff.com14 Apr 2021

Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.

India ranks 4th in black money outflows

India ranks 4th in black money outflows

Rediff.com9 Dec 2015

China also had the largest illicit outflows of any country in 2013.

Black money: SC asks SIT to look into Bank of Baroda scam

Black money: SC asks SIT to look into Bank of Baroda scam

Rediff.com26 Apr 2016

The court on September 3 asked the SIT to submit its fresh report.

India's Chinese app ban may hit their valuations

India's Chinese app ban may hit their valuations

Rediff.com1 Jul 2020

The banned Chinese apps, which include TikTok, Shareit and UC Browser, earn revenue mainly from online advertisements, subscriptions, and commissions for selling products. India is the biggest driver of these Chinese apps due to the population. The ban on the 59 Chinese apps will negatively affect the valuations of the companies, especially those going for IPO.

Ex-Pak Prez Zardari arrested in fake bank accounts case

Ex-Pak Prez Zardari arrested in fake bank accounts case

Rediff.com10 Jun 2019

TV footage showed Zardari coming out of his house and embracing his younger daughter Aseefa before getting into a black Landcruiser.

Sushant's death: ED, politics jump in

Sushant's death: ED, politics jump in

Rediff.com31 Jul 2020

ED files money laundering case. Fadnavis, Paswan want case transferred to CBI. Mumbai police will investigate on basis of evidence: Minister. Friend alleges he is being pressured to nail Rhea. Bihar government to oppose Rhea's SC plea.

Sebi complaints: Satyam's Raju, others appear in court

Sebi complaints: Satyam's Raju, others appear in court

Rediff.com13 Nov 2014

The court directed Raju, the prime accused in Satyam scam, and others to furnish personal bond of Rs 20,000 each and sureties of the like amount on or before December 22 and posted the matter to the same date.

It's time for companies to come clean

It's time for companies to come clean

Rediff.com18 May 2015

Penalties for undisclosed foreign income and assets extend up to 300%.

NSA unlawfully gathered emails of Americans

NSA unlawfully gathered emails of Americans

Rediff.com22 Aug 2013

The United States National Security Agency illegally intercepted thousands of e-mails from Americans with no connection to terrorism and misled the court about the scope of what it was doing, according to latest declassified documents.

Why the markets should celebrate Kejriwal's victory

Why the markets should celebrate Kejriwal's victory

Rediff.com10 Feb 2015

Aam Aadmi Party will impact companies directly connected to Delhi.

DDCA refutes allegations against former chief Jaitley

DDCA refutes allegations against former chief Jaitley

Rediff.com17 Dec 2015

The Delhi and District Cricket Association again strongly refuted the AAP's allegations of financial bungling by its former chief, Finance Minister Arun Jaitley, saying the charges are completely baseless and without substance.

Bank liable for fraudulent ATM withdrawal

Bank liable for fraudulent ATM withdrawal

Rediff.com1 Dec 2014

At times, banks violate all banking norms, resulting in a customer's accounts wiped clean through illegal ATM withdrawals.

Power, oil, telecom firms under CBI lens for laundering

Power, oil, telecom firms under CBI lens for laundering

Rediff.com20 Aug 2014

The Central Bureau of Investigation (CBI) had told the finance ministry some "well-known" companies in the power, oil, and telecommunications sectors were involved in round-trip trading by indulging in third-party transfers in violation of law.

For directors in debarred cos, liability doesn't end

For directors in debarred cos, liability doesn't end

Rediff.com27 Sep 2017

Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.

Shell companies feel the heat as govt banks on AI to nab them

Shell companies feel the heat as govt banks on AI to nab them

Rediff.com26 Sep 2017

P P Chaudhary the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies.

India, US to work together to combat terror funding

India, US to work together to combat terror funding

Rediff.com12 Feb 2015

To combat terror financing, India and the US committed to work together to check illicit money transfers.

All you need to know about the fodder scam

All you need to know about the fodder scam

Rediff.com1 Oct 2013

Monday's verdict in the fodder scam, sending former Bihar chief minister Lalu Prasad Yadav to jail, for which he could be disqualified as a member of the Lok Sabha - which could jeopardize the UPA government's already wafer-thin majority, is all over the news but how much do you know about it? Check out our primer.

CBI director removed because agency questioned Rafale deal: Rahul Gandhi

CBI director removed because agency questioned Rafale deal: Rahul Gandhi

Rediff.com24 Oct 2018

The Congress president alleged that the Bharatiya Janata Party deceived people and siphoned off hard-earned money of farmers, poor, small businessmen to fill the pockets of the country's 15-20 big industrialists.

Satyam scar lingers even after 7 years

Satyam scar lingers even after 7 years

Rediff.com8 Jan 2016

Satyam's employees had to undergo mental trauma, job uncertainty and financial problems, after many were forced to leave.

Row erupts over Big B hosting NDA's 2nd anniversary event

Row erupts over Big B hosting NDA's 2nd anniversary event

Rediff.com25 May 2016

A row erupted on Wednesday over Amitabh Bachchan's participation in the second anniversary celebrations of the National Democratic Alliance government in New Delhi on May 28.

Saradha probe suggests Rs 2,500 cr-scam just tip of iceberg

Saradha probe suggests Rs 2,500 cr-scam just tip of iceberg

Rediff.com16 Nov 2014

As a multi-agency probe continues in Saradha scam, findings of one official investigation suggests that the group floated at least 279 companies to channelise money collected from gullible investors as part of a vast 'ponzi' network.

How the super rich stash money abroad

How the super rich stash money abroad

Rediff.com21 Nov 2017

'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'

Govt gets SFIO probe report on Saradha scam; prosecution soon

Govt gets SFIO probe report on Saradha scam; prosecution soon

Rediff.com9 Sep 2014

Completing its over a-year-long probe into Saradha scam, the Serious Fraud Investigation Office (SFIO) has submitted its final investigation report to the government, which may soon start prosecution proceedings for numerous serious violations found during investigations.

Antrix-Devas deal: Ex-ISRO chief Madhavan Nair booked by CBI

Antrix-Devas deal: Ex-ISRO chief Madhavan Nair booked by CBI

Rediff.com11 Aug 2016

Besides Nair, others named in the charge sheet include the then K R Sridhar Murthy, Ramachandra Vishwanathan and M G Chandrasekhar.

'Why will black money get purged?'

'Why will black money get purged?'

Rediff.com17 Nov 2016

'Even with the restrictions of depositing more than Rs 2.5 lakh in a bank, people will find new methods to convert this cash hoard into legal tender.'

'India is a great place to do business, come back. Jai Hind'

'India is a great place to do business, come back. Jai Hind'

Rediff.com13 Apr 2018

Businessman P C Mustafa wants Indian Americans to return home, Cognizant CEO Francisco D'Souza outlines how Indian tech companies could grow, Gaurav Dalmia has some investment recommendations while Subramanian Swamy warns that India is flirting with a debt trap.

India a soft target for cyber criminals, says study

India a soft target for cyber criminals, says study

Rediff.com10 May 2015

Internet users in India is attracting cyber criminals, as these are first-timers, who can be duped easily

World's biggest rogue traders

World's biggest rogue traders

Rediff.com30 Apr 2015

A common factor that binds all these men is greed.

Why Modi could have a long-ish ride

Why Modi could have a long-ish ride

Rediff.com10 Jan 2017

'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.

Oswal vs Oswal: Another murky business family feud

Oswal vs Oswal: Another murky business family feud

Rediff.com22 Apr 2016

This is the first time the fight is between mother and son. Both sides don't look in the mood to relent: Advisors and spin doctors have been hired, lawyers have been consulted.

Suit boot ki sarkar definitely better than suitcase ki sarkar: PM

Suit boot ki sarkar definitely better than suitcase ki sarkar: PM

Rediff.com30 May 2015

Prime Minister Narendra Modi, who recently completed one year in office, has, in an exclusive interview with Smita Prakash, editor, ANI, said the opposition alleging that his government is a "suit boot ki sarkar" is definitely better and more acceptable than being labelled a "suitcase" (ki sarkar), and satirically added, that after ruling for sixty years, the Congress has suddenly remembered the poor.

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