Kumar, who is currently the West Bengal CID additional director general, was part of a special investigation team set up by the West Bengal government to investigate the scam before the Supreme Court handed over the case to the CBI in 2014, along with other chit fund cases.
RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions
Sources claimed that Singhal was "evasive" in her replies and hence was arrested.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
Intensifying attack on Railway Minister Pawan Kumar Bansal over bribery charge against his nephew, the Bharatiya Janata Party on Sunday demanded that the Congress leader be quizzed by the Central Bureau of Investigation to "unravel the conspiracy" in the case and a probe launched into alleged investments by him and his family.
Launching the auction of mines for commercial mining, that is expected to garner Rs 33,000 crore of capital investment in the country over next five to seven years, Modi said it not only marks the beginning of unlocking of the country's coal sector from the "lockdown of decades", but aims at making India the largest exporter of coal.
Twenty-six immovable properties worth Rs 101.45 crore, and bank balance totalling Rs 2.28 crore in 22 accounts have been attached provisionally under the Prevention of Money Laundering Act (PMLA) by the Lucknow zonal office of the agency, they said. The Greater Noida-headquartered Bike Bot taxi service is accused of scamming about Rs 3,000-Rs 4,000 crore from 2.25 lakh investors in multiple states including Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.
However, the Indian capital markets regulator rejected the claim saying it neither received any such request, nor provided any such information to the concerned department in Antigua.
'All regulatory agencies must be made Constitutional bodies like the Election Commission, the Supreme Court, and the CAG.' 'That way they will become independent of the minister,' recommends T C A Srinivasa-Raghavan.
The bench said this is not an appropriate case for custodial interrogation of the petitioner.
The Delhi high court on Tuesday refused to grant early hearing on the Central Bureau of Investigation's appeal challenging the acquittal of former Union telecom minister A Raja and others in the 2G spectrum allocation scam case.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Simply put, the story of UPA is one of omissions and commissions.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Lack of education and the absence of bank branches across huge swathes of the country puts more than half of India's population outside the formal banking sector.
India Cements Managing Director and Board of Cricket Council of India President N Srinivasan, an accused in the illegal assets case involving YSR Congress leader Y S Jaganmohan Reddy, on Friday appeared before a special court in Hyderabad, along with others chargesheeted by the Central Bureau of Investigation in the high-profile case.
A special CBI team raided Sonia's house in Digiana area of Jammu city and questioned her family members for almost five hours, official sources told PTI. They also seized some vital documents and property papers in the name of Kumar's wife, they said, adding that she is settled in Canada where Kumar has made huge investments in real estate.
ED, which has been probing the alleged financial irregularities and cheating by Saradha group of companies, has also detected that a high interest rate of 18 per cent was assured to investors if they invested in the groups' schemes for a period of 3-5 years, the probe report said.
West Bengal Chief Minister Mamata Banerjee on Friday vowed that she will not rest till money is repaid to the thousands defrauded allegedly by the Saradha Group and said that a new law was being brought to protect the interests of investors. "I am happy that a new law is coming. However, I will not be happy till we are able to return the money to investors," Banerjee said, adding that many poor people had invested in the Saradha Group.
With the Supreme Court ordering Kolkata Police Commissioner Rajeev Kumar to appear before the Central Bureau of Investigation, the agency will finally be able to question the top cop in cases arising out of the Saradha chit fund scam probe.
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
The court extended the interim protection granted to Chidambaram and his son, Karti, till December 18.
He said that Government of Dominica and law enforcement agencies, unless the court rules otherwise, can deport him to India because he is an Indian citizen, Antigua News Room reported.
They were arrested with the 'cooperation of district authorities of Satara on the strength of Non-bailable Warrant of Arrest issued by the Court of Special Judge, CBI Cases, City Sessions Court, Mumbai', CBI spokesperson R K Gaur said in New Delhi.
Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,5000-crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he had been staying since January 2018, the Royal Police Force of the Caribbean island nation said in a statement.
In the sixth case of suicide in connection with the collapsed chit fund company Saradha, a depositor, who had invested his money in the scam-ridden company on Friday committed suicide in South 24 Parganas district.
The Central Bureau of Investigation is likely to question Congress Member of Parliament Naveen Jindal this week in connection with its First Information Report against him and his company for alleged cheating while applying for coal block.
The cop, who is alleged to have suppressed crucial evidences required for preparing the final CBI chargesheet in the scam, has been evading the probe agency's summons to appear before it and his whereabouts are not known.
The Central Bureau of Investigation on Wednesday arrested eight people, including the chief executive officer of LIC Housing Finance, for allegedly giving corporate loans for monetary considerations.
All airports and immigration authorities have been alerted by the CBI this week to prevent him from leaving the country and intimate the agency on any possible move, they said.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The officials said Pakistani intelligence operatives have adopted the modus operandi of investing in illegal call exchanges that switch Voice over Internet Protocol (VoIP) calls to normal Indian mobile calls.
Following are the names of some high-profile people who have been put behind the bars
'Priyanka did draw huge crowds and eventually all of those ended up voting for the Samajwadi Party.' 'The voters today are smart enough to vote for the party which they know is going to win or they know this party will come second, but no way will they vote for a party which will come third or fourth.'
According to jail sources, the Directorate had given to Koda a questionnaire of over 100 queries that it had prepared based on the investigations carried out by it over the last three months and the statement of Koda's aide Vikash Sinha.
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.
From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real,says Shailesh Dobhal.
The central probe agency that began action against the banker by raiding his upscale residence in south Mumbai on Friday is primarily investigating Kapoor, his wife and three daughters over a Rs 600 crore fund received by a firm allegedly "controlled" by them from an entity linked to the scam-hit Dewan Housing Finance Limited.
The Enforcement Directorate on Sunday conducted searches in various Uttar Pradesh cities after it registered a money laundering case to probe the alleged Rs 3,700 ponzi scam case perpetrated by seeking fake social media 'likes' from lakhs of gullible investors by a Noida based firm.
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