Elihu Yale rose up the ranks of the East India Company to become governor of Madras and is the controversial benefactor after whom Yale University is named.
The raids were linked to a sophisticated organised investment fraud scheme targeting unsuspecting individuals through fake mobile apps and WhatsApp groups.
Prasad, 80, had shot to fame after a video of him tearfully recounting the desperation of the months since the lockdown was shared widely across social media platforms recently.
Salient features of the National Sports Governance Bill that promise to overhaul several aspects of sports governance and the grievance redressal system for athletes and administrators alike in the country.
Former managing director of Tata Finance Ltd, D S Pendse, facing a non-bailable warrant, for his alleged involvement in the misappropriation of Rs 2 crore (Rs 20 million) in a group company
HDFC Bank has denied Lilavati Trust's allegation that the bank's MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. The allegation levelled by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), its trustees and officials against the bank's MD and CEO are baseless and malicious, an HDFC Bank's spokesperson said.
The high court was hearing a plea moved by Swamy seeking to lead evidence before the trial court in the National Herald case, in which the Gandhis and others are accused.
The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said Department of Economic Affairs (DEA) secretary Ajay Seth on Monday. "Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise.
HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.
The Delhi high court on Tuesday imposed Rs 2 lakh as costs on BharatPe co-founder Ashneer Grover in the matter related to his alleged defamatory social media posts against the fintech company. Justice Rekha Palli took on record the apology and the undertaking given by Grover but proceeded to impose costs on him, saying the "court cannot be taken for granted". The judge, while dealing with a plea by Resilient Innovations Pvt Ltd - which owns BharatPe - against its former MD, said the court was "appalled" to note the "persistent" and "blatant" violation of the earlier orders and assurances given by Grover in this regard.
The Enforcement Directorate (ED) arrested former Haryana Congress MLA Dharam Singh Chhoker from a five-star hotel in Delhi following a brief scuffle. Chhoker, along with his sons, is accused of defrauding over 1,500 homebuyers and siphoning off over Rs 500 crore through their real-estate companies. The ED had been seeking Chhoker's presence in the investigation since May 2022. The politician was caught at the Grappa Bar of the Shangri-La hotel on Ashoka Road. He is currently in ED custody for six days.
A court in Pune has discharged social activist Anna Hazare in a case of alleged misappropriation of funds in the Hind Swaraj Trust, headed by him.
The Enforcement Directorate (ED) has earmarked assets worth about Rs 15,000 crore that will be restored to victims of real estate, Ponzi and other frauds across India during the current financial year. The agency has been "aggressively" initiating this provision for restitution since last year to ensure rightful claimants duped by financial crime get their dues. The ED has already restored Rs 31,951 crore worth of assets under this provision, including Rs 15,201.65 crore from 2019-21 in cases related to Vijay Mallya, Nirav Modi and the National Spot Exchange Limited (NSEL). The ED Director has issued directions to all regions to actively work on cases marked for restitution of assets worth Rs 15,000 crore during the financial year 2025-26.
Boxing Federation of India (BFI) President Ajay Singh alleged that boxers from the state of Assam, including Olympic bronze-winner Lovlina Borgohain, were being forced out of the National Championships by suspended BFI secretary general Hemanta Kalita.
Abuse of power, financial misconduct, and the never-ending turf wars are now coming to light as Boxing Federation of India's officials jostle to escape blame for the shocking turn of events.
The court had instructed the CID officials to virtually produce Naidu before it through the 'Blue Jeans' app by 5 PM today. The TDP chief was virtually not produced before the court on Saturday.
Justice Dangre noted that the allegations against the BJP leader and his son were "unsubstantiated."
Scores of TDP leaders and supporters burst into celebrations across the state on the release of their leader.
The Economic Offences Wing has alleged that the former BCCI president diverted funds from a bank account in Kolkata meant for paying legal fees towards various other expenses.
According to the remand report submitted to the court, Naidu was named as Accused 37 (A37) in the case.
Asked whether this was being done to "shield" the chief minister who is facing a probe in the Mysuru Urban Development Authority site allotment case, Patil said: "On CM there is a court order for Lakayukta probe, so there is no such question."
The Aam Aadmi Party on Wednesday said Rajya Sabha MP Sanjay Singh and Delhi minister Saurabh Bhardwaj would accompany the media on a tour of the chief minister's residence, which the Bharatiya Janata Party claims was turned into a 'Sheesh Mahal' during Arvind Kejriwal's tenure.
Last November, ED conducted searches under the provisions of the PMLA at nine locations in Telangana.
A local court in Vijayawada remanded Telugu Desam Party chief N Chandrababu Naidu in judicial custody for 14 days in an alleged multi-crore corruption scam on Sunday.
The new BCCI regime accused the former president of misappropriating funds to the tune of Rs 20 crore.
Modi accused the JMM, Congress and RJD of using Bangladeshi infiltrators for "vote bank politics," facilitating their settlement in Jharkhand, which is a threat to the state's social structure.
The Mumbai police have registered a case of cheating against Bharatiya Janata Party leader Kirit Somaiya and his son Neil for alleged misappropriation of over Rs 57 crore funds collected to save aircraft carrier INS Vikrant.
The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) have intensified their investigations against Gaurav Mehta, a suspect in a Bitcoin Ponzi scam, following allegations that politicians may have been involved in using cryptocurrency to influence Maharashtra assembly polls. The ED searched Mehta's residence in Raipur and seized computers and digital devices. The CBI summoned him to appear before investigators. The ED is probing Mehta's potential links to politicians, politically exposed persons, and bureaucrats as part of its money laundering probe. The allegations came after BJP released purported voice notes suggesting that Congress and NCP leaders were attempting to use cryptocurrency for election campaigning. Both parties denied the claims, calling the voice notes fake.
Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as chairman & managing director for a term of five years effective from July 1, 2024, along with his proposed remuneration. "The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania. "The AGM commenced at 3 pm and concluded at 4:05 pm," Raymond Ltd said in a regulatory filing.
The Gujarat high court on Monday refused regular bail to Trinamool Congress (TMC) spokesperson Saket Gokhale in a case related to alleged misuse of money collected through crowd-funding.
Former premier Raja Pervez Ashraf's nomination papers for a parliamentary constituency in Rawalpindi were rejected by authorities on Monday, even as the Election Commission completed the verification of nominations of the 24,094 candidates contesting the May 11 polls.
The Supreme Court on Wednesday directed activist Teesta Setalvad and her husband Javed Anand to cooperate with the Gujarat Police in connection with a case filed against them over alleged misappropriation of funds.
A court in Mumbai on Monday rejected the anticipatory bail application of Maharashtra BJP leader Kirit Somaiya in a case pertaining to alleged misappropriation of over Rs 57 crore funds collected to save aircraft carrier INS Vikrant.
Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by comptroller and auditor general.
A local court in Mumbai has refused to close a cheating case against Bharatiya Janata Party leader Kirit Somaiya and his son, noting further probe was necessary as police have not investigated what was done with funds collected by them to save the decommissioned naval aircraft carried Vikrant.
The Apex court, however, said that the interim order providing protection from arrest to Setalvad and her husband Javed Anand shall be extended till the larger bench takes up the matter.
Delhi Police on Sunday slapped a case of cheating against Kiran Bedi for allegedly misappropriating funds meant for her NGOs in line with a court's directive, but the activist claimed she has "sound evidence and endurance" to deal with the FIR.
The Lucknow bench of the Allahabad high court on Friday issued a notice to Dr Zakir Hussain Memorial Trust, run by Union minister Salman Khurshid and his wife Louis, on a PIL seeking direction for the lodging of an FIR and also monitoring by the court in the case relating to the Trust.
The Supreme Court on Wednesday said it will not restrain the trial court from dealing with a plea seeking police custody of former Andhra Pradesh chief minister and TDP leader N Chandrababu Naidu as it announced a new bench will hear his petition for quashing the FIR in the alleged Rs 371 crore scam in the state's Skill Development Corporation on October 3.
The Enforcement Directorate on Tuesday questioned former Indian cricket team captain and Congress leader Mohammed Azharuddin for over nine hours in a money laundering case linked to alleged financial irregularities in the Hyderabad Cricket Association, official sources said.
