Embattled liquor tycoon Vijay Mallya claimed on Sunday that Prime Minister Narendra Modi's statement in a recent interview confirming the recovery of Rs 14,000 crore worth of his assets has fully vindicated him in his assertion of being a "poster boy" for the Bharatiya Janata Party-led government.
Manoj Kumar, Aam Aadmi Party's legislator from Kondli, was on Thursday arrested after being quizzed by the Delhi Police in an month-old case of alleged land grabbing.
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India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Most sold property or plunged their families deeply into debt to pay labour recruiters' fees
Disgraced FIFA officials, suspended UEFA chief Michel Platini and Barcelona superstar Lionel Messi were amongst the names found on Sunday in leaked documents which reveal offshore financial dealings.
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'If you talk about any kind of equality, you are under attack.'
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
The Central Bureau of Investigation is likely to file chargesheet against diplomat Devyani Khobragade and her father Uttam Khobragade in the Adarsh Housing scam for allegedly acquiring a flat on the basis of false affidavit.
'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
The Enforcement Directorate (ED) had also published in leading dailies the court-issued proclamation against Mallya for appearance before the special PMLA court.
'Fall in line or you will be in the line of fire.'
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
To send a notice under money laundering law.
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It will tackle crimes, including those associated with malware, botnets, intellectual property theft and technology facilitated child exploitation.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
The bench also said there was merit in ED's contention that while the "driving force behind the companies" (Modi) was not submitting to the agency's jurisdiction, his companies cannot be given any discretionary relief.
Mallya is understood to be in the UK after he left India on March 2.
A left-leaning centralised socialist model has created a shortage/entitlement economy. In fact one of the reasons for India's limited progress is that post-independent India is at odds with its true nature. It is something that educated right of centre Hindus are trying to correct, says Sanjeev Nayyar.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
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To ensure faster recovery of dues for entities hit by the Rs 5,600-crore (Rs 56-billion) fraud at NSEL, the government last month ordered the merger of the bourse with its parent firm Financial Technologies (India) Ltd.
Enforcement Directorate is seeking to invoke the India-United Kingdom Mutual Legal Assistance Treaty to extradite Mallya from Britain
Swiss prosecutors have opened a criminal investigation into Jerome Valcke, the banned former FIFA secretary general, and Nasser Al-Khelaifi, the chief executive of Qatar's beIN Media, over World Cup broadcasting deals.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
ED had arrested group chairman Gautam Kundu on March 25.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
The Enforcement Directorate in October last year had filed the complaint against Raju and 212 others, including 166 companies, before the XXI Additional Chief Metropolitan Magistrate Court cum Special Sessions Judge here for allegedly laundering funds under a 'corporate veil' to perpetrate the accounting scam that rocked the business world in 2009.
