Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging.
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
The Biden administration should expect continuity in Iran's policies under Raisi. This may not necessarily mean that strengthening of ties with the West will be Raisi's top priority, observes Ambassador M K Bhadrakumar.
Officials said Gaurav Arya, who runs a hotel in the coastal state, has been asked to depose before the central probe agency at its office in the Ballard Estate area of Mumbai on August 31.
The United Kingdom's home department has cleared the extradition of fugitive diamantaire Nirav Modi, who is wanted in an over Rs 13,000-crore bank fraud case, officials said on Friday.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
Real estate development on Mumbai airport land and the work on Navi Mumbai airport have been inordinately delayed, which have prompted rating downgrades and raised questions on its financial capabilities. It is also trying to stave off Adani group's entry as a shareholder in the Mumbai airport project.
With the Opposition targeting the government on alleged irregularities in the farm loan waiver scheme, Prime Minister Manmohan Singh on Wednesday promised "stringent possible action" against defaulters, if any.
Olympic champion Andy Murray is demanding more blood testing in tennis to avoid the kind of damaging doping scandals that continue to plague cycling.
The most wanted man of Bengal, Sudipta Sen, along with his close aide Debjani Mukherjee, their driver Rajeeb and another Saradha group official were apprehended from Kashmir's Sonemarg on Tuesday.
THe compnay is under pressure from Wall Street to find new sources of revenue and profit.
It would be realistic to see India's position on the DGMOs joint statement more as 'engagement, different from dialogue', where our subsequent options could be decided depending on the realities of the situation on the ground, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
'The structure of the team needs to change. It is very hard to play with two seamers. We definitely need to find a third seamer who can bat. There's Saifuddin but he is struggling with injuries.'
Amid protests by Arvind Kejriwal, Law Minister Salman Khurshid on Sunday returned to the capital from abroad and said he will fight back the allegations that his Non-Governmental Organisation siphoned off money meant for disabled with sufficient proof.
After confiscating properties of corrupt officials, Bihar government has now confiscated properties of two middlemen who indulged in misappropriation of government funds, officials on Monday said.
A book reveals that independent India's first scam may have taken place as early as 1947 the year our country won a freedom it had fought hard for.
Law Minister Salman Khurshid has threatened to initiate legal action against Arvind Kejriwal and Hindi TV channel Aaj Tak for alleging that an NGO headed by him siphoned off Rs 71 lakh meant for physically challenged people in Uttar Pradesh.
"The Congress has failed to develop Assam despite being in power for such a long period and its first Prime Minister Jawaharlal Nehru had virtually bade farewell to the people of a part of the state during the 1962 Chinese aggression.
Kapoor, 62, and the Wadhawans were arrested by the agency in this case early this year and they are in judicial custody at present.
Maintaining that they were "transparent" in their functioning, Team Anna on Sunday dismissed Swami Agnivesh's allegations that donations for Anna Hazare's agitation was siphoned off by Arvind Kejriwal, saying he might be levelling such accusations out of anger.
The Tamil Nadu chief minister may have opened a Pandora's Box on the religion front with the appointment of qualified non-Brahmin temple priests, observes N Sathiya Moorthy.
The ED's line of questioning, officials said, is revolving around Rhea's income, investments, business and professional deals, and links.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Distributing chana is easier than other varieties of pulses as it only requires cleaning and sorting and can be consumed whole; it was also abundantly available with Nafed.
Riyaz Bhatkal had reportedly fled with a large amount of money from the IM's coffers. Riyaz, who hails from the coastal town of Bhatkal, was in possession of Rs 38 lakh that was collected through hawala transactions and donations. The money was supposed to be used for terror operations in and around Karnataka.But the blasts near Chinnaswamy Stadium in Bangalore in April, 2010, were not a costly affair at all.
Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.
Here's a comparison of iPhone 5 with the iPhone 4S.
The bank will take its time to look into the complaint and carry out an investigation. Ultimately, if the bank refuses to admit its liability, the customer is forced to take recourse to legal action.
Several questions about the crime, his conversations with his wife Indrani Mukerjea and his own statements were put to him during the test by CBI officials at the Central Forensic Science Laboratory.
Pankaj Oswal previously claimed that he was entitled to funnel money into his private companies.
Congress President Sonia Gandhi on Wednesday claimed that West Bengal has been taken on a road of destruction under the 34-year Left Front rule and assured that the Congress-Trinamool alliance is determined to free the state from this "misrule".
The probe gave a clean chit to the tax department that was being alleged to have harassed Siddhartha.
Prime Minister Narendra Modi hit out at the Congress saying they had made the state their political battle ground, pitting one community against the other.
A former top executive of Citigroup has been charged for allegedly siphoning off more than $19 million from the bank, the latest in a string of frauds that have come to light at the global banking giant.
Two and a half months after his death, Sathya Sai Baba's Ashram in Puttaparthy is finding itself caught in a major storm over the alleged siphoning of the wealth left behind by the spiritual leader.
The collection of mostly small and medium sized businesses is a hotchpotch of ventures and include design schools, schools, villas for hire in Goa and a country club in Gurgaon.
Leicester-based Ajay Gaindher, 26, took the money.
While the virus out there meddling big-time with our lives, danger is lurking in our email boxes too.
CBI said it had shared the information about revocation of his passport in the 'diffusion' notice issued through the Interpol on February 15.
The ministry informed the tribunal that former head of ILFS Financial Services Ramesh Chandra Bawa withdrew/transferred Rs 1 crore and Rs 14 lakh from Axis Bank accounts in two instances which are in violation of the December 3, 2018 order of the tribunal which had frozen these accounts.
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