News for 'investment scam'

ED summons Raj Thackeray; MNS says political vendetta

ED summons Raj Thackeray; MNS says political vendetta

Rediff.com19 Aug 2019

The MNS has convened a meeting of party office-bearers on Tuesday in Mumbai to discuss the issue.

Why Indra Nooyi is bullish on India

Why Indra Nooyi is bullish on India

Rediff.com12 Nov 2013

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.

'Now, I am reduced to nothing'

'Now, I am reduced to nothing'

Rediff.com9 Apr 2015

'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!

Is your broker misleading you?

Is your broker misleading you?

Rediff.com9 Mar 2015

How both brokers and NSEL misled the investors.

PM scalds Mamata, accuses her of betraying people of Bengal

PM scalds Mamata, accuses her of betraying people of Bengal

Rediff.com7 Mar 2021

He also accused her of nepotism by choosing to play the limited role of "bua" (aunt) to her "bhatija" (nephew) instead of becoming "Didi" (elder sister) to the people.

Half a dozen realty IPOs face delay

Half a dozen realty IPOs face delay

Rediff.com29 Nov 2010

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.

How to eliminate corruption? Abolish the laws

How to eliminate corruption? Abolish the laws

Rediff.com21 Oct 2011

Inexplicably, the Law Minister does not realise that all these economic crimes are highly damaging to our economy and social fabric.

Chidambaram has a bad day at court, CBI custody extended to Friday

Chidambaram has a bad day at court, CBI custody extended to Friday

Rediff.com26 Aug 2019

Special Judge Ajay Kumar Kuhar said the CBI demand was "justified" that Chidambaram has to be further interrogated in its custody.

New regulator to monitor crowdfunding likely

New regulator to monitor crowdfunding likely

Rediff.com29 May 2018

Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.

Citibank fraud: Some victims' securities encashed

Citibank fraud: Some victims' securities encashed

Rediff.com4 Jan 2011

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.

Political instability dents Brand Bengaluru

Political instability dents Brand Bengaluru

Rediff.com29 Nov 2010

The political instability and poor governance in the state has dealt a blow to brand Bengaluru and has affected it as an investment destination.

Nirav Modi denied bail for the third time

Nirav Modi denied bail for the third time

Rediff.com8 May 2019

Modi's defence team doubled the bail security to 2 million pounds and offered he would stay on 24-hour curfew at his London flat.

He cheated others and made billions!

He cheated others and made billions!

Rediff.com12 Nov 2010

One of American's biggest fraudsters, Bernard Madoff was sentenced to 150 years for his massive $65 billion scam.

Court asks CBI to file affidavit on chit probe in other states

Court asks CBI to file affidavit on chit probe in other states

Rediff.com14 May 2013

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.

Why did RBI take this route to save Yes Bank?

Why did RBI take this route to save Yes Bank?

Rediff.com17 Mar 2020

'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.

Audit fraud? Send them to jail, says ICAI

Audit fraud? Send them to jail, says ICAI

Rediff.com17 May 2010

The Institute of Chartered Accountants of India has recommended strict penal action, including imprisonment, for auditors who are found associated with serious accounting frauds.

CBI arrests Sudip Bandopadhyay, Didi cries foul; BJP office attacked

CBI arrests Sudip Bandopadhyay, Didi cries foul; BJP office attacked

Rediff.com4 Jan 2017

Shortly after arrest, BJP state headquarters in Kolkata was attacked allegedly by members of TMC student wing.

Rajat Gupta tipped off Galleon: <i>WSJ </I>

Rajat Gupta tipped off Galleon: WSJ

Rediff.com23 Apr 2010

Goldman Sachs' director Rajat Gupta tipped off Raj Rajaratnam, an accused in insider trading scam, about a deal between Buffett-led Berkshire Hathaway and the Wall Street giant, before the public announcement.

The challenge in Kashmir

The challenge in Kashmir

Rediff.com6 Sep 2019

'Collateral damage during operations needs to be avoided.' 'Such an objective can be achieved more easily should stone throwers not gear up to en masse oppose security forces.' 'With the conditions being quite sensitive at this stage, the death of one of these boys could easily serve the terrorists in instigating violence,' notes Brigadier S K Chatterji (retd).

Why I hoard coins

Why I hoard coins

Rediff.com15 Apr 2018

'The childhood urge to amass wealth may account for one's inexplicable urge to stockpile change, for there is nothing more gratifying than to lift a box heavy with one's treasure, more satisfying somehow than all the zeroes the Kochhars, Modis and Mallyas appear to have allegedly scammed our banks over,' says Kishore Singh.

Aircel-Maxis case: Court extends Chidambaram's protection from arrest

Aircel-Maxis case: Court extends Chidambaram's protection from arrest

Rediff.com18 Dec 2018

The CBI and the ED said that new material has been recovered which needs to be collated.

Don't fear standing with industrialists, my intentions clean: PM

Don't fear standing with industrialists, my intentions clean: PM

Rediff.com29 Jul 2018

He congratulated the Uttar Pradesh government and industrialists for their commitment for development.

I don't lie: Dassault CEO responds to Rahul on Rafale deal

I don't lie: Dassault CEO responds to Rahul on Rafale deal

Rediff.com14 Nov 2018

On the pricing issue, Eric Trappier said that the present aircraft are cheaper by 9 per cent.

Two bogus traders and an innocent exchange

Two bogus traders and an innocent exchange

Rediff.com2 Sep 2014

If at all it was some great strategy, the delay has only helped the person they eventually arrested.

Chanda Kochhar's termination case: HC seeks RBI's reply

Chanda Kochhar's termination case: HC seeks RBI's reply

Rediff.com9 Dec 2019

Chanda Kochhar, the high-profile ex-banker had on November 30 moved the Bombay high court challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar. A division Bench of justices Ranjit More and SP Tavade allowed her to implead RBI and directed the apex bank to file its reply by December 16.

Madoff spent nearly $1 mn on lobbying

Madoff spent nearly $1 mn on lobbying

Rediff.com16 Mar 2009

Financier Bernard Madoff, in jail now, had shelled out nearly $ 1 million towards lobbying and in campaign contributions, of which a large part went to the Democrats, a US research group has said.

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.

Mahindra did not anticipate legal hurdles after Satyam buy

Mahindra did not anticipate legal hurdles after Satyam buy

Rediff.com27 Aug 2014

In June last year, Tech Mahindra completed acquisition of Mahindra Satyam -- erstwhile Satyam Computer Services -- to become India's fifth largest software services firm. Mahindra is also the Chairman of Tech Mahindra.

SC dismisses Nimesh Kampani's bail plea

SC dismisses Nimesh Kampani's bail plea

Rediff.com4 May 2009

A Supreme Court Bench headed by Justice Altamas Kabir on Monday dismissed the bail plea of investment banker Nimesh Kampani.

Summons for Birla: CII warns of uncertainty among investors

Summons for Birla: CII warns of uncertainty among investors

Rediff.com11 Mar 2015

Former Prime Minister Manmohan Singh, Birla and former Coal Secretary P C Parakh were summoned.

Yes Bank founder Rana Kapoor sent to custody till Mar 11

Yes Bank founder Rana Kapoor sent to custody till Mar 11

Rediff.com8 Mar 2020

The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money-laundering charges in Mumbai in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said.

In Oman, PM Modi slams Congress for misgovernance

In Oman, PM Modi slams Congress for misgovernance

Rediff.com12 Feb 2018

The PM held wide-ranging talks with the Sultan of Oman and signed eight agreements, including pacts on cooperation in the field of defence, health and tourism.

Tough law against illegal deposits

Tough law against illegal deposits

Rediff.com22 Mar 2019

'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'

Afridi's shocking claims about 2010 spot-fixing scandal

Afridi's shocking claims about 2010 spot-fixing scandal

Rediff.com4 May 2019

Says he knew of SMS exchanges between bookmaker and players before the scam broke out

Chidambaram denied anticipatory bail; CBI, ED teams visit his home

Chidambaram denied anticipatory bail; CBI, ED teams visit his home

Rediff.com21 Aug 2019

The Central Bureau of Investigation had registered an FIR on May 15, 2017 alleging irregularities in the Foreign Investment Promotion Board clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister.

Chopper case: Ex-IAF chief, 2 others sent to jail till Dec 30

Chopper case: Ex-IAF chief, 2 others sent to jail till Dec 30

Rediff.com17 Dec 2016

After the agency's submission, all the three accused moved their bail applications, which will be heard on December 21 as the CBI sought time to reply to the applications.

Price sensitivity issues dog PNB's fraud disclosures

Price sensitivity issues dog PNB's fraud disclosures

Rediff.com18 Mar 2018

The challenge before the management is ensuring simultaneous disclosure of key information to stock exchanges and investigating agencies.

The telecom mess has just got messier

The telecom mess has just got messier

Rediff.com4 Dec 2019

'Tinkering will not do. Merely staggering spectrum dues comes nowhere near solving the problem,' cautions Rahul Khullar.

ED issues summons to Karti Chidambaram

ED issues summons to Karti Chidambaram

Rediff.com5 Jul 2016

Officials said the agency had issued a notice to Karti to present himself in person or through an authorised representative and submit personal financial documents and those related to a firm this week.

Blockchain and crypto: Three key trends to watch out for

Blockchain and crypto: Three key trends to watch out for

Rediff.com27 Jun 2018

'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'