P Chidambaram's son Karti was arrested on February 28 at the Chennai airport on his return from the United Kingdom, for his alleged role in facilitating Foreign Investment Promotion Board clearance for INX Media Ltd. and its directors, Peter and Indrani Mukerjea.
The government has received flak for allegedly shielding the corrupt ministers and slow pace of investigation in irrigation scam.
However, the bench said Chidambaram is at a liberty to seek remedy in accordance with the law.
Each scam that comes out in the open shows the regulators to be miles behind.
The Dominica high court on Wednesday ordered that diamantaire Mehul Choksi be produced before a magistrate there to answer charges of his illegal entry into the Caribbean island country, local media reported. Dominica high court Judge Bernie Stephenson issued the orders after nearly three hours of hearing on a habeas corpus petition filed on behalf of Choksi who had claimed that he was abducted from neighbouring Antigua and Barbuda and forcefully brought to the Caribbean Island nation. She adjourned the habeas corpus matter till Thursday, Dominica News Online reported.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
Gujarat Chief Minister Narendra Modi was the cynosure of attention at the closed-door BJP national executive at Surajkund. Intervening in a discussion on foreign direct investment in retail, Modi asked other Bharatiya Janata Party leaders to go full hog on the issue by holding not less than 5,000 public meetings -- at least 10 in each Lok Sabha constituency -- to win over traders and farmers against foreign retailers to expose the Congress' hype on reforms to deflect attentio
Against the backdrop of charges against Congress chief Sonia Gandhi's son-in-law Robert Vadra and realty major DLF, the Janata Dal-United on Thursday said the key issue of Foreign Direct Investment in multi-brand retail should not be forgotten in the din over other issues and suspected that those involved in coal and 2G scams may be trying to divert attention.
The website has the address and contact numbers and email IDs of 69 branch offices of Saradha Group spread across West Bengal, Tripura, Odisha, Assam and New Delhi.
While the Congress party has said that the deal was transparent as payment of Rs 2 crore was received by Vadra from Kapoor through cheque and was reflected in income tax returns, the ED is probing if the painting was owned by her or the AICC.
Releasing the manifesto titled 'Badlav Ka Sankalp' (commitment to change) in the presence of All India Congress Committee (AICC) general secretary Randeep Singh Surjewala and other Mahagathbandhan leaders, Tejashwi Yadav said their government, if elected, would first approve the process for appointments on about 10 lakh jobs in the government.
We are not a fly-by-night operator, says Sandip Das.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.
The Enforcement Directorate has asked sacked Commonwealth Games Organising Committee Chairman Suresh Kalmadi to give details about his bank accounts, investments and other property related information in connection with its probe into the multicrore CWG scam.
The agency had earlier alleged that the company had sold its 9.1% stake to Delphi for Rs 10 crore --a rate much lower than the prevalent market price.
Telecom users will be able to avail free roaming and keep their phone numbers even if they switch service providers anywhere in the country, as per the draft New Telecom Policy unveiled by the government said on Monday.
Keen to cast off the ghost of the Bofors kickbacks scam, Sweden has proposed new avenues of defence cooperation to India.
It is assumed that the growing worry over slowing down of economic growth had prompted the government to act.
The task force has provided probe agencies with a list of attributes, including disproportionate investments, debt, advances or cash, to red-flag such firms.
Imagine giving money to a wealth management firm, or signing contract documents on verbal assurances from relationship managers that they would earn one-two per cent returns each month on their investment.
99 per cent of respondents believed that the biggest impact of corruption business was its tendency to skew the level playing field and attract organisations with lesser capacity to execute projects.
As Rose Valley resurfaces, Sudip Bandyopadhyay and Tapas Pal's arrests marks the end of the bonhomie between the TMC and BJP.
Reacting to the ED's summons to Raj, his estranged cousin and Shiv Sena chief Uddhav Thackeray, in an intriguing comment, said he did not expect any 'solid outcome'.
PepsiCo Chairman and CEO Indra Nooyi hoped that whosoever comes to power after the next elections will manage the country well so that India clocks a consistent 7-8 per cent economic growth.
The mega real estate loan scam could delay the initial public offers of over half a dozen real estate developers because of poor investor sentiment, said bankers and analysts tracking the sector.
'I have tutored my family and myself to fight hunger,' the former agent for the disgraced Saradha chit fund says, his eyes welling up. 96 of the 107 cases referred to the Serious Fraud Investigation Office are based in Bengal!
Inexplicably, the Law Minister does not realise that all these economic crimes are highly damaging to our economy and social fabric.
All opposition parties should come together to get rid of the BJP-led NDA government to ensure "Modi-mukt Bharat", he said, reminding the audience of BJP's "Congress-mukt Bharat" slogan.
These investors were lured into investing funds on promise of high returns by Puri, the main accused in the Rs 300-crore (Rs 3-billion) scam.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
The political instability and poor governance in the state has dealt a blow to brand Bengaluru and has affected it as an investment destination.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
One of American's biggest fraudsters, Bernard Madoff was sentenced to 150 years for his massive $65 billion scam.
The Calcutta high court on Tuesday directed the Central Bureau of Investigation to file an affidavit by Thursday stating whether the central investigating agency had been handed over investigation by other states into the multi-crore chit fund scam that affected lakhs of investors.
The Institute of Chartered Accountants of India has recommended strict penal action, including imprisonment, for auditors who are found associated with serious accounting frauds.
Apart from them, Chidambaram's wife -- Nalini -- has been chargesheeted by the CBI in the Saradha chit-fund scam for allegedly accepting a bribe of Rs 1.4 crore.
The MNS has convened a meeting of party office-bearers on Tuesday in Mumbai to discuss the issue.
The Bad Boy Billionaires series has a lot in common: The three billionaires' hefty ambition, dangerous arrogance and untrammeled power, observes Dhruv Munjal.
