News for 'securities fraud'

Pence congratulates Harris, offers full co-operation

Pence congratulates Harris, offers full co-operation

Rediff.com16 Jan 2021

Friday's call was the first time Pence, 61, and Harris, 56, had an one-to-one conversation since their vice presidential debate in October last year. It was also the first direct contact between the two leaders since the November 3 presidential election.

Have you changed your ATM PIN recently?

Have you changed your ATM PIN recently?

Rediff.com22 Sep 2016

About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them

Biden's electoral college vote tally matches Trump's in 2016

Biden's electoral college vote tally matches Trump's in 2016

Rediff.com14 Nov 2020

Georgia and North Carolina were the last American states to be projected in the race for the White House. Biden's victory in Georgia added 16 electoral votes to his tally, bringing him to 306 -- matching US President Trump's total against Hillary Clinton in the 2016 presidential election.

SBI's digital transactions are as high as 67% now

SBI's digital transactions are as high as 67% now

Rediff.com19 Mar 2021

The country's largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said.

Netanyahu, Israel's longest-serving PM, likely to lose office

Netanyahu, Israel's longest-serving PM, likely to lose office

Rediff.com31 May 2021

Israel could be headed for a break from the 'Bibi-regime' as several former allies of longest-serving Prime Minister Benjamin Netanyahu seem to have joined hands with political opponents to form a national-unity government that would not only have political formations from the Left, the Centre and the Right, but may also be supported by an Arab party.

How Bhavit Sheth and Harsh Jain Changed Cricket

How Bhavit Sheth and Harsh Jain Changed Cricket

Rediff.com3 Nov 2021

Mumbai-based Dream11, which is run by Sporta Technologies Private Limited, reported a profit of Rs 181 crore (Rs 1.81 billion) in FY2020, making it one of the few Indian consumer-tech unicorns to have turned profitable.

Bitcoin club loses steam; market value tanks over $5-bn

Bitcoin club loses steam; market value tanks over $5-bn

Rediff.com16 Nov 2014

Bitcoin currently trades at a price of $400 a unit, as against lofty highs of $1,200 early this year

HDFC Bank denies charges by US law firm

HDFC Bank denies charges by US law firm

Rediff.com21 Sep 2020

The law firm had specifically named the bank's chief executive and managing director of over 25 years, Aditya Puri, his designated successor Sashidhar Jagdishan and company secretary Santosh Haldankar as defendants.

Sensex snaps 7-day losing streak on bargain hunting, ends 61 points higher

Sensex snaps 7-day losing streak on bargain hunting, ends 61 points higher

Rediff.com23 Dec 2016

Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red

Why are RBI and Sebi silent on illegal digital dabba trading?

Why are RBI and Sebi silent on illegal digital dabba trading?

Rediff.com29 Jul 2021

If Sebi and RBI remain quiet about this brazenly illegal activity, will someone in the finance ministry or the NITI Aayog take a closer look, asks Debashis Basu.

COVID-19 may impact timescale for Mallya's extradition

COVID-19 may impact timescale for Mallya's extradition

Rediff.com20 Apr 2020

An extradition expert in the UK said the strict social distancing norms in place to try and curb the spread of COVID-19 may add a further dimension to the UK's Article 3 obligations under the European Convention on Human Rights, relating to inhuman and degrading treatment or punishment.

'India among top countries in illegal wildlife trade'

'India among top countries in illegal wildlife trade'

Rediff.com14 Jun 2022

'With just 2.4 per cent of global landmass, India houses six to eight per cent of planetary biodiversity and hence is a prime target of wildlife criminals.'

Why Bommai needs New Delhi's backing to stay on as CM

Why Bommai needs New Delhi's backing to stay on as CM

Rediff.com17 Jan 2022

'Bommai is everybody's man and nobody's man'

Nirbhaya convict seeks restoration of all legal remedies

Nirbhaya convict seeks restoration of all legal remedies

Rediff.com6 Mar 2020

The Supreme Court is likely to hear on Monday the plea of Mukesh, who has also sought quashing of all orders passed by courts and the rejection of his mercy petition by the President since the day his curative petition was dismissed by the apex court.

'Modi's political capital has taken a very big beating in the Nirav Modi case'

'Modi's political capital has taken a very big beating in the Nirav Modi case'

Rediff.com1 Mar 2018

'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'

'Sham' Tri-Valley varsity president arrested

'Sham' Tri-Valley varsity president arrested

Rediff.com3 May 2011

California based Tri-Valley University president Susan Xiao Ping Su, finally got arrested early on Monday morning. She has been indicted by the federal grand jury on 33-criminal counts, charging her with wire fraud, mail fraud, visa fraud and conspiracy to commit visa fraud, use of a false document, making false statements to a government agency, alien harboring, customs enforcement's homeland security investigations.

Nirav Modi to make another bail plea in UK court on May 8

Nirav Modi to make another bail plea in UK court on May 8

Rediff.com1 May 2019

His legal team, led by solicitor Anand Doobay, have previously offered one million pounds as security alongside an offer to meet stringent electronic tag restrictions on their client's movements, "akin to house arrest".

London court remands Nirav Modi till Feb 27 in PNB case

London court remands Nirav Modi till Feb 27 in PNB case

Rediff.com30 Jan 2020

The 48-year-old, who has been lodged at Wandsworth prison in south-west London, appeared via videolink from prison before district judge David Robinson. "I am told that your case is proceeding in accordance with the directions for a final hearing on 11 May," the judge told Modi, as he set the next 28-day remand hearing via videolink for February 27. Modi's extradition trial is scheduled for five days starting May 11, with the case management hearings in the case set to begin once all the evidence has been handed in to the court for the trial.

Another Nirav Modi-like scam involving BJP's Mohit Kamboj surfaces

Another Nirav Modi-like scam involving BJP's Mohit Kamboj surfaces

Rediff.com18 Jun 2020

CBI has registered a case against general secretary of Mumbai BJP Mohit Kamboj, his jewellery manufacturing firm Avyaan Overseas, its directors, few mid-level bankers and others for alleged diversion of funds by availing fraudulent foreign bills negotiation limit and export packaging credit limit, issued by lender Bank of India between 2013 and 2018.

SC allows Franklin Templeton to make payout in tranches

SC allows Franklin Templeton to make payout in tranches

Rediff.com12 Feb 2021

The Supreme Court on Friday upheld the validity of e-voting process for the winding up of six mutual fund schemes of Franklin Templeton, and said disbursal of funds to unit holders will continue.

WorldCom may pay huge fine for fraud

WorldCom may pay huge fine for fraud

Rediff.com19 May 2003

WorldCom Inc. is close to a settlement with the US Securities and Exchange Commission that would resolve charges it fraudulently misled investors and would require it to pay one of the largest fines ever levied by the agency.

Ideal tips to secure your special child's financial needs

Ideal tips to secure your special child's financial needs

Rediff.com14 Apr 2014

Parents should secure thier special child's future.

Banks, exchanges come under cyber attacks

Banks, exchanges come under cyber attacks

Rediff.com20 Oct 2016

Axis Bank recently informed the Reserve Bank of India that it had experienced a cyber attack, while the State Bank of India said it was re-issuing over 600,000 debit cards because of a potential security breach.

Rajat Gupta's plea against business partner dismissed by court

Rajat Gupta's plea against business partner dismissed by court

Rediff.com6 Dec 2013

Rajat Gupta's lawyer Rishi Bhandari said suit was filed in order to ensure that there was a designee on the board.

US Congress ratifies Biden-Harris's electoral win

US Congress ratifies Biden-Harris's electoral win

Rediff.com7 Jan 2021

A joint session of the US Congress on Thursday formally certified the electoral victory of Joe Biden as the next US president and Kamala Harris as the vice president in the November 3 election. The formal certification by the joint session came in the wee hours of Thursday local time.

Can dealing with corporate deposit fraud be cumbersome? Find out

Can dealing with corporate deposit fraud be cumbersome? Find out

Rediff.com21 Feb 2014

The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.

Now AI will be used to weed out shell firms

Now AI will be used to weed out shell firms

Rediff.com27 Apr 2018

Thousands of unlisted companies registered with RoCs will soon go under watch on lines similar to the oversight by the Securities and Exchange Board of India of listed companies.

WFH scams: 5 tips to stay SAFE

WFH scams: 5 tips to stay SAFE

Rediff.com28 Oct 2020

Do not click on any pop-ups, links in messages or notification balloons if you are off the corporate VPN, warns Niranjankumar Laxman Upadhye.

Nirav Modi remanded to custody in UK till July 25

Nirav Modi remanded to custody in UK till July 25

Rediff.com27 Jun 2019

In her judgment handed down at the Royal Courts of Justice in London, Justice Ingrid Simler concluded there were "substantial grounds" to believe that Modi would fail to surrender as he does possess the means to "abscond".

Time For RBI To Change Penalty Rules

Time For RBI To Change Penalty Rules

Rediff.com11 Nov 2021

Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.

ED seizures to stay valid for one year

ED seizures to stay valid for one year

Rediff.com6 Feb 2019

Currently, the enforcement officers are making seizures of assets directly and indirectly connected to offenders, including jewelers Nirav Modi and Mehul Choksi in the Punjab National Bank fraud and Vijay Mallya in the Rs 9,000-crore IDBI loan case.

Mallya repeats offer of 100% payback for Indian banks

Mallya repeats offer of 100% payback for Indian banks

Rediff.com29 Apr 2019

He claims that his offer to pay back the debt owed by his now-defunct airline had been rebuffed by the banks and the Indian government.

'Indian call centres stole $300 million from Americans'

'Indian call centres stole $300 million from Americans'

Rediff.com28 Oct 2016

The five Ahmedabad-based call centres that made calls to people living in the US are Hglobal, Call Mantra, Worldwide Solution, Zoriion Communications and Sharma BPO Services.

Sebi issues notices to attach bank accounts in IPO fraud case

Sebi issues notices to attach bank accounts in IPO fraud case

Rediff.com18 Oct 2013

In similarly-worded notices of attachment dated October 17, Sebi asked 11 banks, including ICICI Bank, Bank of Baroda, HDFC Bank, IDBI Bank, Indian Overseas Bank and Standard Chartered Bank, to attach the accounts of the three individuals.

China protests US ban on TikTok, WeChat; warns counter measures

China protests US ban on TikTok, WeChat; warns counter measures

Rediff.com19 Sep 2020

The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.

Dominican govt tells court to reject Choksi's petition

Dominican govt tells court to reject Choksi's petition

Rediff.com2 Jun 2021

The Government of Dominica has told a court there to reject the habeas corpus petition filed on behalf of businessman Mehul Choksi who had claimed that he was abducted and forcefully brought to the Caribbean island nation, local media reported. The high court of Dominica ordered that the businessman be produced in a magistrate court to answer charges of his illegal entry into the country and adjourned the hearing on the habeas corpus petition till Thursday, according to local media. Rejecting the submission of Choksi who is wanted in India in an alleged Rs 13,500 crore loan fraud case in Punjab National Bank, the prosecution said the habeas corpus petition does not stand as he had illegally entered the country and was subsequently detained.

Indians' money in Swiss banks hits 3rd lowest level in over 30 years

Indians' money in Swiss banks hits 3rd lowest level in over 30 years

Rediff.com25 Jun 2020

Swiss authorities have always maintained that assets held by Indian residents in Switzerland cannot be considered as 'black money' and they actively support India in its fight against tax fraud and evasion.

Mining baron Janardhana Reddy gets bail in Ponzi scheme case

Mining baron Janardhana Reddy gets bail in Ponzi scheme case

Rediff.com15 Nov 2018

Reddy was arrested following a marathon questioning after he appeared before the CCB, ending his elusive run for three days.

Nirav Modi can't return to India, afraid of getting lynched: Lawyer

Nirav Modi can't return to India, afraid of getting lynched: Lawyer

Rediff.com1 Dec 2018

The ED has claimed that Nirav Modi had refused to join the probe despite acknowledging mails and summons issued to him and that he doesn't want to return to India.

ED raids Nirav Modi's Mumbai house; seizes valuables worth Rs 5,716 cr

ED raids Nirav Modi's Mumbai house; seizes valuables worth Rs 5,716 cr

Rediff.com19 Feb 2018

The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.