Both Purvi Deepak Modi and Neeshal Modi are accused in the $2-billion scam allegedly orchestrated by their elder brother Nirav Modi and uncle Mehul Choksi in Punjab National Bank, they said.
Mallya is understood to be in the UK after he left India on March 2.
The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.
Completing its over a-year-long probe into Saradha scam, the Serious Fraud Investigation Office (SFIO) has submitted its final investigation report to the government, which may soon start prosecution proceedings for numerous serious violations found during investigations.
Such classfication brings with a high cost, including closing of formal credit channels, and likely criminal proceedings.
Central Bureau of Investigation Director Ranjit Sinha on Monday said "collusive corruption" in which there is a willing bribe-giver is emerging as a "formidable" challenge for institutions fighting corruption.
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.
Ponzi schemes have characteristics that the informed investor can spot easily.
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.
TV footage showed Zardari coming out of his house and embracing his younger daughter Aseefa before getting into a black Landcruiser.
UCO Bank will not allow Kingfisher Airlines to be represented by lawyers in the wilful default case hearing.
NCLT allows Shivinder to withdraw petition against his brother Malvinder. Final decision to be taken by family members in their presence.
Spelling out practical problems it has encountered in implementing the Justice Lodha committee's reforms in the Board of Control for Cricket in India and its affiliates in totality, Mumbai Cricket Association said it already has in place measures that, by and large, jell well with the reform process.
The Bharatiya Janata Party leader, who travelled by road from Jharkhand to this West Bengal town to address a rally after being denied permission earlier for landing helicopter in the state, targeted the Trinamool Congress chief for opposing the Central Bureau of Investigation's attempt to quiz the Kolkata police chief in connection with the ponzi scams.
A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.
"My family reputation kept me a silent spectator, as I mutely watched the organisation I founded come to a point where it was publicly auctioned; where my family and myself have been stripped of our legacy, our finances and my personal credibility."
Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.
Penalties for undisclosed foreign income and assets extend up to 300%.
'Delhi is regretting its decision of electing Arvind Kejriwal.'
The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
Banks have started organising silent demonstration in front of houses of defaulters.
United Bank of India and Andhra Bank employees start organising silent protests.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
Mired in one controversy after another, the Delhi & Districts Cricket Association (DDCA) hit a new low after three top officials gave three separate probables list with one naming Gautam Gambhir as captain while another faction naming Madan Lal as 'mentor'.
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
They took investor money via IPOs and then disappeared.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
Move to improve transparency but make liquidity more difficult to come by
The judge was also of the view that 'the gravity of the allegations levelled against petitioners (Sonia, Rahul and others) has a fraudulent flavour.
.jpg)
The Greens are calling for an urgent investigation.
The Delhi and District Cricket Association again strongly refuted the AAP's allegations of financial bungling by its former chief, Finance Minister Arun Jaitley, saying the charges are completely baseless and without substance.
.jpg)
Banks had a tough time in recovering loans from corporates in 2014.
Not all NPAs are treated as wilful defaulters.
SuSu Sudhi Vathmeekam handles the subject of physical limitations judiciously without trying to manipulate a viewer's emotions, writes Paresh C Palicha.
Sources said a few other lenders were also contemplating a move to declare both Kingfisher Airlines and UBHL wilful defaulters.
P P Chaudhary the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies.
The survey was based on the survey of 44 banks.
The incident comes close on the heels of a similar case where 100 cows died in state-run Hingonia cow shelter due to "mismanagement and lack of facilities".
Till date, 107 elections to states and three parliamentary polls have been smoothly conducted using the EVMs.
