A bench of Chief Justice D Y Chandrachud and Justice P S Narasimha allowed Banerjee to avail available remedies under the law but refused to interfere with the May 18 order of the Calcutta high court.
As a multi-agency probe continues in Saradha scam, findings of one official investigation suggests that the group floated at least 279 companies to channelise money collected from gullible investors as part of a vast 'ponzi' network.
The hoardings have photos of Pilot and Bharatiya Janata Party MP from Jodhpur and Union Minister Gajendra Singh Shekhawat and a line 'Why are you silent on Sanjivani scam Pilot ji? People want an answer'.
A special CBI court on Friday sentenced disqualified Janata Dal-United MP Jagdish Sharma to four years rigorous imprisonment in a fodder scam case.
CBI also imposed a fine of Rs 30,000 on each of the convicted.
They had been told that this was part of their training for positions of travel ticket examiner (TTE), traffic assistants and clerks, and each of them paid amounts ranging between Rs 2 lakh and Rs 24 lakh to get the jobs in the Railways, according to a complaint filed with the Delhi Police's Economic Offences Wing (EOW).
Prime Minister Narendra Modi on Friday inaugurated the Rs 17,840 crore Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, the longest bridge as well as the longest sea bridge in the country connecting south Mumbai with Nhava-Sheva in Navi Mumbai.
Jharkhand mining secretary Pooja Singhal, earlier arrested and remanded to the custody of the ED in a suspected money laundering case, was suspended by the Jharkhand government on Thursday, an official said.
The Central Bureau of Investigation has named 10 non-government organisations, including the US-based Omidyar, as accused in the case of allegedly conspiring to illegally facilitate the registration and renewal of Foreign Contribution (Regulation) Act licences.
Prime Minister Narendra Modi on Tuesday said the Bharatiya Janata Party has decided it would not adopt the path of appeasement and vote bank politics.
With assembly polls in Gujarat scheduled next year, the Congress on Friday opened a new front against Chief Minister Narendra Modi by petitioning President Pratibha Patil for a Central Bureau of Investigation probe into alleged corruption of Rs 1 lakh crore during his tenure.
PNB officials entered into a criminal conspiracy with 19 accused companies, the FIR alleges.
The draft amalgamation scheme of Punjab and Maharashtra Co-operative (PMC) Bank with Unity Small Finance Bank (SFB) allowed quick relief to depositors with savings of up to Rs 5 lakh, but a long wait for those who had their nest egg with the scam-tainted bank. If the scheme gets approved, 96 per cent (or 880,000 of 924,000) depositors will get their full money straightaway after PMC is merged with Unity SFB. According to the draft scheme, retail investors may get up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC) instantly, and then some more in phases till they can recall their full deposits after 10 years.
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.
Sixteen people out of the total 48 convicted in one of the multi-crore fodder scam cases have been sentenced by a Central Bureau of Investigation special court.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
All hell broke loose after the publication of the tapes, recorded by the Revenue Intelligence department between 2008-09, and the Opposition brought Parliament to a grinding halt demanding a certain probe.
A special CBI court awarded prison terms to 11 convicts in the fodder scam case
In a blow to Delhi Chief Minister Arvind Kejriwal, the Delhi high court on Tuesday stayed the trial court order granting him bail in the money laundering case arising from the alleged excise scam, holding that the lower court did not "appropriately appreciate" the material placed before it by the Enforcement Directorate.
Though Indians were no strangers to scams, spectrum loss was beyond their wildest imagination.
The court had on March 19 held the 69-year-old Rashtriya Janata Dal chief guilty along with 18 others in connection with the case - RC 38 A/96.
Judge Uttam Kumar Nandy granted the former state transport minister bail on two sureties of Rs 15 lakh each.
The court noted that Gupta made 'dishonest misrepresentation' before the then prime minister.
Broker Hiten Dalal and Canara Bank Mutual Fund's former General Manager B R Acharya have been sentence to one year imprisonment.
Home Minister Amit Shah on Sunday lashed out at opposition Indian National Developmental Inclusive Alliance (INDIA) parties over Dravida Munnetra Kazhagam leader Udhayanidhi Stalin's remarks against 'Sanatan Dharma', accusing them of insulting 'Sanatan Dharma' for votebank and appeasement politics.
Out of 60 cases filed in undivided Bihar, 53 remained in Ranchi wjile seven were shifted to Patna.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
Here are some of the top executives and politicians who have been linked to the 2G spectrum scam in India.
Ankeet Chavan, one of the three Rajasthan Royals players charged with spot-fixing during the 2013 IPL and banned for life by the BCCI, was paid his Ranji Trophy dues worth Rs 32 lakh.
Since Kalpana is not an MLA, her becoming the CM will need a present MLA to vacate his or her seat.
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
The court in its judgment said the RJD chief was guilty of fraudulently withdrawing Rs 3.13 crore from the Dumka Treasury between December 1995 and January 1996, when he was the chief minister of undivided Bihar.
An industry of scamsters is operating in the guise of call centres in India.
Delhi Lieutenant Governor V K Saxena has directed the chief secretary to recover Rs 97 crore from the Aam Aadmi Party for political advertisements it published in the guise of government advertisements, official sources said.
The court to announce punishment against Lalu tomorrow at 2 pm via video conferencing.
Union Home Minister Amit Shah on Saturday warned that Bihar's areas close to the borders (seemant) will become 'infested with infiltrators' if Prime Minister Narendra Modi was not voted back to power.
These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.
This comes after the agency conducted searches at his residence earlier in the day in connection with the case.
'Naveen Patnaik's simplicity makes him look like an innocent fellow. But he is not like that. You can go to Odisha's mining areas and you can understand what is going on under his nose. A colossal loss to the national exchequer has taken place in Odisha,' Union Minister Srikant Jena tells Rediff.com's Sheela Bhatt.
Additional Sessions Judge (ASJ) T S Kashyap dismissed the appeal of stamp scam kingpin Telgi, who is a HIV/AIDS patient and currently lodged at a Bengaluru jail, challenging the trial court judgment sentencing him to seven-year in jail and imposing Rs 25 lakh in fine.
