The proclamation was issued by a special anti-money laundering court on June 14 under Section 82 of the Criminal Procedure Code
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
It was perhaps over-enthusiasm that prompted the Indian investigative agencies to take a private jet to Dominica to bring back fugitive diamantaire Mehul Choksi. Predictably, the eight-member team had to return empty-handed after almost a week-long wait. The agencies were banking too much on the "state-less" status of Mr Choksi, as Antigua, which had given him citizenship in 2017, wasn't willing to take him back. Thus, the calculation was that Mr Choksi would be whisked away from the Dominican courtroom to the waiting plane. The reason for the optimism was also because Antigua is friendly territory for India.
Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds.
Schemes among the six wound up by the fund house had given a loan of Rs 518 crore against non-convertible debentures to the firm in March 2019, according to ED's chargesheet.
The I-T department also attached 34 bank accounts and fixed deposits, valued at Rs 1.45 crore, of the Gitanjali group.
A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the submissions of solicitor general Tushar Mehta that the high court order, to the extent of allowing their release from prison, needed to be stayed.
These facilities will accommodate 3,500 employees, who will be moved to the two company-owned campuses.
The Delhi high court on Tuesday stayed the proceedings before the trial court in the CBI's INX Media corruption case involving Congress leader P Chidambaram and his son Karti.
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
The Bill seeks to give Sebi sweeping powers like attachment of properties and launch of recovery proceedings.
State Bank of India has appointed valuer to assess the value of assets of Mallya.
Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
One indictment accuses Huawei of trying to steal trade secrets from T-Mobile, and of promising bonuses to employees who collected confidential information on competitors. A second indictment claims the company worked to skirt US sanctions on Iran.
The apex court's 2017 order had come on a plea by consortium of banks led by SBI, which had said that Mallya had allegedly transferred $40 million received from British firm Diageo, to his children in 'flagrant violation' of various judicial orders.
In the era of technology-driven crime, when stolen money and intellectual property can be digitally transmitted in seconds, corporates are often handicapped while investigating frauds that occur in other countries, says a survey.
Penalties for undisclosed foreign income and assets extend up to 300%.
Officials say that such a list, to be updated on a real-time basis, will serve as a ready reckoner in identifying those committing multiple economic offences
'The fact remains that as of today, the justice that I deserve is far off, as it shall take time to prove my innocence, and the future seems uncertain presently,' Mehul Choksi tells his employees in a letter.
SBI-led consortium expects to make over Rs 13,000 crore from sale of assets
Accounting firm, Ernst and Young auditing the UN World Intellectual Property Organisation has cleared it of allegations of corruption.
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed.
The case pertains to alleged financial irregularities in supply of high-altitude tents worth Rs 22 crore to intelligence agency Research and Analysis Wing during 2009-13.
Suspended BJP MP Kirti Azad targeted more politicians, including party MP and BCCI secretary Anurag Thakur, involved in cricket governance.
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
Under Section 83 of the CrPC, ED may seek attachment of more of his property.
'No action will be taken against Ajit Pawar. I am sure.'
President Trump, a Republican, however, did not formally concede the election to Biden, saying he would 'continue to fight and will prevail'. He has launched a slew of lawsuits in key states, but has not provided any evidence to back his claims of electoral fraud. Many of the lawsuits have been dismissed by courts.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
The prosecutor general's office said Benfica Vice President Fernando Tavares was also a suspect in the case, along with a high-ranking judge and nine other people, five of whom were detained in a police operation on Tuesday.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
Do not click on any pop-ups, links in messages or notification balloons if you are off the corporate VPN, warns Niranjankumar Laxman Upadhye.
Karan Choudhury reports on the implications of the strict Real Estate (Regulation and Development) Act and the prosecution of Unitech MDs, Sanjay Chandra and Ajay Chandra, in an alleged fraud case.
Employers will now need to furnish detailed break-up of exemptions that an employee has claimed.
On July 23, the apex court had cracked its whip on errant builders for breaching the trust reposed by homebuyers and ordered cancellation of the registration of Amrapali Group under the real estate law RERA, and ousted it from its prime properties in the NCR by nixing the land leases.
Rajesh Agarwal, the chartered accountant, was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds.
On February 17, 2009, Satyam case was handed over to CBI.
The lawyer also claimed "there is no evidence to prove any of the charges levelled against my client."
