The investigation under FEMA was taken up by ED based on a reference received from RBI to investigate advance remittances received by certain entities for the purchase of the shares of Tamil Nadu Mercantile Bank through escrow mechanism maintained with Standard Chartered Bank, Mumbai.
Recently, Enforcement Directorate (ED) attached assets worth Rs 757.8 crore of Amway India Enterprises in connection with an alleged marketing scam. It claimed that Amway was running a multi-level marketing scam. The ED provisionally attached immovable and movable properties worth Rs 411.83 crore and bank balances of Rs 345.94 crore from 36 different accounts belonging to Amway. Data from the Department of Economic Affairs shows that in 2021-22 (until December 2021), ED had provisionally attached Rs 8,989.3 crore worth of assets.
A Delhi court has come down heavily on the police for its 'lackadaisical attitude' in probing the 2020 riots cases and asked the Police Commissioner to take appropriate action ensuring proper, expeditious investigation into them.
The ruling Aam Aadmi Party in Punjab on Wednesday filed a complaint with the state director general of police, seeking a thorough probe into allegations of an attempt by the Bharatiya Janata Party to topple its government.
The charge sheet was committed to sessions court in Kathua which has fixed January 24 as the next date of hearing in the case.
There is nothing of the level of Yes Minister, House Of Cards, Madam Secretary or Veep but there are at least 10 Hindi series and an OTT-released film or two, to whet the viewer's appetite for power-mongering, corruption and intrigue.
The Opposition party asked whether the prime minister will take responsibility for the 'deadliest rail tragedy' of this century.
In a big blow to embattled British Prime Minister Johnson, two of his senior Cabinet colleagues, including Chancellor Rishi Sunak, resigned on Tuesday, as they expressed their loss of confidence in his leadership amidst a spate of scandals.
They said after examining and analysing the adverse event reports, causal relationship and all related details shared by or to be shared by the WHO, the committee will advise and recommend further course of action to the Drugs Controller General of India (DCGI).
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
India's drug regulator has initiated a probe and sought further details from the WHO after the global health body issued an alert that cough syrups manufactured by an Indian firm could potentially be linked to the death of children in Gambia.
Five British police officers will face a gross misconduct hearing after they stopped, searched and handcuffed two black athletes, in a 2020 incident that raised questions over the use of force and racial profiling.
Unsatiated greed for wealth has facilitated corruption to develop like cancer and the constitutional courts owe a duty to the people of the country to show zero tolerance to corruption and come down heavily against the perpetrators of the crime, the Supreme Court has said.
The only crime that I committed is to fearlessly defend our nation from those who seek to destroy it, Trump said.
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
A government school teacher-turned Lashkar-e-Tayiba terrorist was arrested for allegedly carrying out multiple blasts, including one in a bus carrying Vaishno Devi pilgrims, with the intention to damage communal harmony and revive terrorism in the Jammu region, J-K Director General of Police Dilbag Singh said on Thursday.
The Naxalites carrying sophisticated weapons, including AK-47 rifles, targeted the two unarmed cops when they had just reported for duty at the mobile check-post on the inter-state border, an area that has witnessed a Maoist attack after a long time, they said.
'It's not that the Opposition has to search for common ground.' 'The government is handing the common ground to the Opposition.'
Basant Soren, the brother of Jharkhand Chief Minister Hemant Soren has given an awkward statement over his absence from the state during the recent political crisis.
The protesters assembled outside Dogra Chowk in the heart of the city and tried to take out a march in violation of prohibitory orders when the police swung into action and restored to mild lathicharge before detaining several of them, the officials said.
A simulated security scare situation was created wherein four "terrorists" entered the RSS building, the official said late night.
The Enforcement Directorate's (ED's) chargesheet in the National Stock Exchange (NSE) illegal phone-tapping case points to insider trading during the tenures of Chitra Ramkrishna and Ravi Narain as managing director and chief executive officer of the bourse. The federal agency will soon be sharing the details with the Securities and Exchange Board of India (SEBI) for further inquiry, two people aware of the findings told Business Standard. The ED, which filed its prosecution complaint (commonly known as chargesheet), alleged that Narain and Ramkrishna were the "key conspirators" and had assisted iSec Services to generate money to the tune of Rs 24 crore for exchanging crucial information, the people said.
Max Group founder and chairman Analjit Singh has on Monday refuted the allegations made against him in a petition filed with the NCLT, terming it as "downright untruthful". Singh has said he will contest these allegations in the NCLT hearing. "Apart from being downright untruthful, what is even more anguishing is the agenda with which these reports have been encouraged and planted while the matter is sub judice," said a statement put on BSE by Max quoting Analjit Singh.
A joint team of the state and the Centre inspected the unit and found 12 violations or deficiencies.
The National Judicial Commission Bill, 2022, was introduced after the majority of voice votes were in its favour.
A trial judge, who has been critical of the "callous and farcical" probe of Delhi police in some riots cases of 2020 and had once observed that failure to conduct a proper investigation will torment "sentinels of democracy," was on Wednesday transferred to another court in the national capital.
China punishes 27 officials after deadly ultramarathon
A United States fighter jet Friday shot down an object, the size of a small car, flying with payloads at a height of about 40,000 feet off the northern coast of Alaska on the direction of President Joe Biden, officials said.
Adar Poonawalla says it took a five-minute chat with his father Cyrus before making the decision to manufacture Covishield. The bet paid off, and handsomely. Serum Institute now has the capacity to make 4 billion doses of Covishield annually.
Rishi Sunak has revealed that his former boss, Boris Johnson, has not returned any of his messages and calls since he resigned from his cabinet as chancellor, implying tension between the duo as the British Indian former minister battles it out in a tough race to be elected the next leader of the UK's governing Conservative Party.
The report, released a little over a year after the deadly crash of the Air India Express plane, said the "probable cause of the accident was the non adherence to SOP (Standard Operating Procedure) by the PF (Pilot Flying)".
The SC, in October last year, had ordered a probe into the alleged use of the spyware.
Cases filed under Section 153A had one of the lowest conviction rates.
The Delhi Commission for Women (DCW) has issued summonses to Twitter and the city police over the alleged availability of child pornography videos on the microblogging website.
Later in the day, Flipkart condemned the attack and said it has blacklisted the seller from its platform and is extending all support to the probe agencies.
Zomato said late on Friday that it was pushing the implementation of the new food quality policy to May 3 from April 18.
Two days on, distressing videos have emerged showing the Boeing 737-800 on a domestic flight nose-dived into the mountains on Monday crashing with an explosion leaving its debris in a vast forested area making rescue efforts difficult.
Concerned over the development, the security agencies reworked their strategy, especially keeping in mind the Amarnath Yatra beginning June 30.
Provisions in the Central GST Act say reduction in GST rates or the benefit of ITC must be passed on to consumers.
