Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of fugitive businessman Mehul Choksi to recover dues totalling Rs 5.35 crore. The latest decision has been taken after Choksi failed to pay the fine imposed on him in October 2022 by Sebi in a case pertaining to indulging in fraudulent trading in the shares of Gitanjali Gems Ltd. Choksi, who was the chairman and managing director as well as part of the promoter group of Gitanjali Gems, is the maternal uncle of Nirav Modi, both of whom are facing charges of defrauding state-owned Punjab National Bank (PNB) of more than Rs 14,000 crore.
Karnataka Chief Minister B S Yeddyurappa, who has been under attack from the opposition over involvement in alleged land scams worth Rs 1,000 crore and nepotism, declared his assets and liabilities in Bengaluru on Sunday. According to the declaration, he has cash to the tune of Rs 40,71,782, three houses and no cars.
Rumour has it that former Bihar chief minister Lalu Prasad had once misbehaved with Amit Khare, the then district commissioner of Chaibasa in south Bihar, in full public view. The incident was enough to enrage the strong lobby of Indian Administrative Service officers to take on the all-powerful chief minister.
The Bill allows stopping of transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence.
'At least three top bureaucrats have been declared guilty in recent years in connection with scams where they had no pecuniary benefit.' 'But in the telecom case, a money trail is declared irrelevant because no scam has been proved in the first place.' 'Fair enough; so we must punish illegality without criminality, but ignore possible criminality as suggestive of illegality,' points out T N Ninan.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
Congress president Mallikarjun Kharge on Monday expressed apprehension that the 2024 Lok Sabha elections would be the last opportunity for the people to save democracy, as Prime Minister Narendra Modi might prefer dictatorship in case his party wins the upcoming polls.
The chitfund scam in West Bengal claimed its twelfth victim on Monday with an agent of a ponzy scheme found hanging in his home at Basirhat in West Bengal's North 24 Parganas district.
The PM targeted the Opposition after launching the National Sickle Cell Anemia Eradication Mission 2047 by unveiling a portal and releasing a guideline for the management of the disease and different modules at Shahdol in Madhya Pradesh.
The case relates to alleged money laundering in granting the operational contract of two IRCTC hotels to a private firm.
The report of the Karnataka minorities commission on the alleged Rs 2 lakh crore Wakf property scam generated considerable heat in the Legislative assembly, where an agitated opposition demanded a thorough enquiry and punishment to those found guilty.
The Karnataka high court on Monday granted bail to former minister Katta Subramanya Naidu, who was arrested in connection with the Karnataka Industrial Area Development Board land scam.
Shalu was arrested early this month on a complaint by one Rafique Ali who claimed she had accompanied scam accused Biju Radhakrishnan when he collected Rs 20 lakh from him.
The convicted have been given sentences between one and five years.
A special court on Thursday acquitted all accused in the 2G spectrum allocation scam cases. The scam relates to the granting of 2G spectrum licence allocations in 2007-08 which caused, according to a report by the Comptroller and Auditor General of India, a loss of Rs 1.76 lakh crore. Here is a detailed timeline of how the case came to light and how it has progressed over the years:
The quantum of punishment will be announced on January 3, 2018.
With the latest relaxation on withdrawal, more than 84 per cent of the depositors of the bank will be able to withdraw their entire account balance, the RBI said.
Several professors of Jawaharlal Nehru University and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a Delhi Development Authority (DDA) plot under a housing development scheme which was never there.
Ashok Malhotra, the alleged kingpin of a multi-crore land scam, was arrested by the CBI on Monday.
About 17 lakh investors, mostly in West Bengal, who have lost crores of rupees in the Saradha chit fund scam are fast losing hope. The scandal continues to roil West Bengal political circles with several ruling Trinamool Congress leaders being implicated and some arrested. Even West Bengal Chief Minister Mamata Banerjee's name has been dragged into the sordid mess. Indrani Roy presents a FAQ on what the scam is about and the main players behind it.
The agency has booked 23 Army personnel and civilians, including relatives of officers, for allegedly demanding bribe and facilitating bribery, they said.
The Comptroller and Auditor General detected financial irregularities of over Rs 10,000 crore in Bihar government departments during the financial year 2012-13.
In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.
Kumar has been arrested from Jharkhand's Hazaribagh district, a senior police source said, adding of the four others arrested along with Kumar, two are his nephews.
The scam-ridden Congress government in Chhattisgarh has become a model of misrule and people have decided to root it out in the upcoming assembly elections, he said.
"I do not want to boast (about) anything. The court's judgment has to be respected. I am glad that the court has pronounced unambiguously. All the massive propaganda which was being done against the UPA was without any foundation. The judgment speaks for itself," the former PM said.
Controversial former Uttar Pradesh chief secretary Neera Yadav, who was sentenced to four years imprisonment in a Noida land scam case, was on Tuesday released on bail after spending seven days in a jail in Ghaziabad.
'If we want real democracy, the economy itself will need to be democratised.'
Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.
The alleged scam pertains to the period when Lalu Prasad was the railway minister in the UPA-1 government at the Centre.
During the raids, Rs 53 lakh, $1,900, about 540 grams of gold and bullion and 1.5 kg of gold jewellery were seized, sources in agency said and added that one of the locations searched was a house in south Delhi where Lalu Prasad Yadav's son and Bihar Deputy Chief Minister Tejashwi Yadav was present.
"I sometimes think of leaving it, but the chief minister's post doesn't leave me," Ashok Gehlot famously said earlier this year, in part as a signal to the Congress top brass not to pick someone else for the job if the party wins the assembly polls.
The Enforcement Directorate on Wednesday morning raided the premises of Aam Aadmi Party MP Sanjay Singh in connection with the Delhi excise policy-linked money laundering case, officials said.
The longest-serving Bharatiya Janata Party chief minister and popularly known as mama (maternal uncle) and 'paon-paon wale bhaiya' (foot soldier), Shivraj Singh Chouhan has emerged as the hero of his party's stunning victory in the state assembly elections.
Gautam Doshi, Surendra Pipara and Hari Nair, senior executives of the Reliance ADA Group who were granted bail on Wednesday by the Supreme Court in the 2G spectrum scam case, will provide major relief to their high-profile boss Anil Ambani.
In a surprise move, Central Bureau of Investigation director Ranjit Sinha has advocated the dropping of charges against Lalu Prasad Yadav in the three pending cases which are offshoots of the infamous fodder scam in which the Rashtriya Janata Dal leader has been convicted in one of the cases.
The formidable political leader and former union minister was sentenced by a special Central Bureau of Investigation (CBI) court to five years' prison term and slapped with a fine of Rs 60 lakh during the day in connection with the embezzlement of Rs 139 crore from Doranda treasury in the fodder scam.
Dharavi resident advocate Sandip Katake alleged the project would be the world's biggest land scam.
'Vote banks will change affiliations and the BJP will come out with good success in Kerala.'
The court granted bail to Rabri and Tejashwi Yadav in the CBI case on a personal bond of Rs 1 lakh and a surety of a like amount.
