According to sources, Kingfisher Airlines allegedly diverted funds by opening a current account in HDFC Bank and had a balance of Rs 7.5 crore (Rs 75 million) as on date.
Satyam Computer chairman B Ramalinga Raju can face seven years' imprisonment in addition to monetary penalties for forging accounts, breach of trust and misappropriating funds.
Former Chief Medical Officer of Lucknow A K Shukla was on Tuesday arrested by the police in connection with alleged financial irregularities in the state health department. "Doctor Shukla was arrested from the trauma centre of Chattrapati Shahuji Maharaj Nagar Medical University this morning," said Deputy Inspector General of Police Lucknow D K Thakur. He said Shukla was arrested in connection with financial irregularities in the health department.
The former Congress chief is an accused in the National Herald case in which BJP leader Subramanian Swamy is the complainant.
Granting bail to Gawli, the court observed that while police must ensure that the interests of the public are protected, they needed to be sure of what their jurisdiction was.
The former BCCI chief issued a 'point-by-point' reply to charges by the Board's top brass.
The Andhra Pradesh police on Friday told the Supreme Court they will not arrest Telugu Desam Party chief N Chandrababu Naidu in the FiberNet case till October 18 due to the pendency his petition related to the Skill Development Corporation scam in the apex court.
The court converted Naidu's four-week interim medical bail in this case into absolute bail and ordered the former chief minister's release on regular bail, considering his age, old age-related ailments, non-flight risk and other reasons.
The Enforcement Directorate (ED) has asked Congress president Sonia Gandhi to depose before it on July 21 for questioning in the National Herald newspaper-linked money-laundering case, officials said on Monday.
The 75-year-old Congress president, who was supposed to depose before the agency on Thursday, wrote a letter seeking more time on the grounds that the doctors had 'strictly advised her to rest at home following her hospitalisation on account of Covid and lung infection'.
The EOW conducted searches at the house of PC Singh, the bishop of the Church of North India Jabalpur Diocese, on Thursday morning following registration of a case of cheating against him.
Congress president Sonia Gandhi has sought more time from the Enforcement Directorate to appear before it as she is still suffering from Covid, party sources said on Tuesday.
The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
Hooda, who as the chief minister was the ex officio chairman of the Haryana Urban Development Authority, has been accused of illegally transferring land to Associated Journals Ltd, which published the newspaper, at Panchkula in 2005.
The Enforcement Directorate (ED) on Tuesday raided a dozen locations including the head office of the Congress party-owned National Herald newspaper in New Delhi as part of an ongoing money laundering probe, officials said.
The case pertains to a criminal complaint filed by BCCI which has accused the former IPL commissioner of misappropriating funds during his tenure.
The case was registered by the Ahmedabad Crime Branch on a complaint accusing Setalvad and Anand of "fraudulently" securing grants of Rs 1.4 crore from the union government through their NGO Sabrang Trust between 2008 and 2013.
This case revolves around the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3,300 crores.
Fintech firm BharatPe on Wednesday said it has removed co-founder Ashneer Grover from all positions at the company. BharatPe has also found involvement of Grover family and relatives in extensive misappropriation of the company's funds. "The board will not allow the deplorable conduct of the Grover family to tarnish BharatPe' s reputation or that of its hard-working employees and world-class technology.
He was detained on the intervening night of Thursday and Friday in Ludhiana and was formally arrested on Friday morning after he was brought to New Delhi by a team of the Economic Offences Wing, Additional Commissioner of Police (EOW) O P Mishra said.
Gandhi, 75, was earlier asked to depose on June 8 but she sought a fresh date from the federal probe agency after she contracted the coronavirus infection.
Initially, she was summoned by the agency on Monday but it was deferred by a day.
The Bharatiya Janata Party on Saturday alleged that Congress president Sonia Gandhi was the "driving force" behind the "conspiracy" to implicate then Gujarat chief minister Narendra Modi in the 2002 riots case in the state.
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.
He has not been issued fresh summons and it is understood that his questioning has ended, at least for now.
The EOW had registered a case against Pednekar and two senior officials of the Brihanmumbai Municipal Corporation (BMC) under various Indian Penal Code sections including 420 (cheating) and 120 (B) (criminal conspiracy), based on a complaint filed by BJP leader Kirit Somaiya.
The Congress is gearing up to demonstrate a political show of strength on Monday when the party leader Rahul Gandhi will appear before the Enforcement Directorate (ED) in connection in connection with a money laundering case linked to the National Herald newspaper.
The case pertains to the ED probe into the alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
The Delhi high court on issued notice to BJP leader Subramanian Swamy on a batch of petitions filed by Congress President Sonia Gandhi and others in the case of alleged cheating and misappropriation of funds in acquiring ownership of the now-defunct daily National Herald.
"It is not true that there is 30-40 per cent siphoning," rural development minister C P Joshi told the Rajya Sabha during Question Hour.
Police in Malaysia are hunting golf's Asian Tour's former finance and human resources manager after he defrauded the organisation of a large sum of money and disappeared.
He sought a seeking a direction to Congress chief Rahul Gandhi, his mother Sonia Gandhi and other accused to either admit or deny if certain documents filed by him were original.
He said the CID team of lawyers have opposed both the bail petitions on the grounds of maintainability and made submissions on the merits of the matter.
Police on Friday registered a case against two former officials of Jammu and Kashmir Cricket Association (JKCA) following allegations of misappropriation of funds, received by the body from the BCCI.
The Central Bureau of Investigation has filed a charge sheet against noted Malayalam author Paul Zacharia and four others including two charitable organisations in a case related to embezzlement of foreign funds.
A Delhi court on Wednesday dismissed a plea seeking registration of an FIR against Union Minister Salman Khurshid and his wife Louise for alleged criminal misappropriation of funds meant for a family-run trust, saying it has no "territorial jurisdiction".
Congress President Sonia Gandhi, her son Rahul, Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda are accused in the case.
The Supreme Court on Thursday said it will consider the pleas of Congress President Sonia Gandhi and Rahul Gandhi that their appeals against the Delhi high court verdict, refusing to quash summons issued to them in the National Herald case, be heard on Friday.
Erroneously labelling it a chit fund may unwittingly give this questionable company legal wings to fly.
The Bombay high court on Wednesday granted interim protection from arrest to Bharatiya Janata Party leader Kirit Somaiya in a case of alleged misappropriation of funds collected in the name of saving the decommissioned naval aircraft carrier INS Vikrant.
