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SFIO widens Mallya probe; former top bankers under scanner

Aug 29, 2016

SFIO widens Mallya probe; former top bankers under scanner

The agency has examined some former heads of public sector banks which had extended loans to the airline at a time when the carrier's losses were on the rise. #CBI #Kingfisher Airlines #Money laundering #Vijay Mallya #Corporate Affairs Ministry #Serious Fraud Investigation Office #ED #IDBI #Grant Thornton India #A Raghunathan #FIO
Probe against Vijay Mallya widens, bank chiefs who had extended loans to be investigated

Aug 28, 2016

Probe against Vijay Mallya widens, bank chiefs who had extended loans to be investigated

Widening its probe into the financial irregularities at erstwhile Kingfisher Airlines, Serious Fraud Investigation Office (SFIO) has started examining former chiefs of various banks, including public sector lenders, for having extended fresh loans allegedly without full due-diligence amid ballooning losses at the Vijay Mallya-owned carrier #NewsTracker #CBI #Kingfisher Airlines #Vijay Mallya #Corporate Affairs Ministry #Serious Fraud Investigation #Grant Thornton LLP
Sebi steps up L'affaire Mallya probe; to seek overseas help

Jul 11, 2016

Sebi steps up L'affaire Mallya probe; to seek overseas help

Mallya is currently in the UK after leaving India in March this year. His passport has been revoked by Indian government. #SEBI #Kingfisher Airlines #Vijay Mallya #Corporate Affairs Ministry #Diageo #ED #United Spirits #USL #Indian govt #Force India Formula One
Sebi fears grave irregularities, expands probe in Mallya firms

May 08, 2016

Sebi fears grave irregularities, expands probe in Mallya firms

Sebi is also probing any possible violation of norms aimed at checking fraudulent and unfair trades and comprising the interest of minority shareholders. #Business #CompanyWatch #Vijay Mallya #Corporate Affairs Ministry #Serious Fraud Investigation Office #UB Group #Mangalore Chemicals and Fertilizers
Sebi hits RBI wall on mandatory exchange-trading in corp bonds

Aug 27, 2015

Sebi hits RBI wall on mandatory exchange-trading in corp bonds

Currently also, some corporate bonds are traded on stock exchanges but a larger volumes take place in the spot market. #RBI #finance ministry #NewsTracker #SEBI #Arun Jaitley #Shyamala Gopinath #Irda #Corporate Affairs Ministry #EPFO #Corporate bond #NBFC #PFRDA
SBI bats for more women directors on its board

Apr 02, 2015

SBI bats for more women directors on its board

This comes in sharp contrast to an overall reluctance shown by the listed companies across the board in run-up to a regulatory deadline, which expired yesterday, for appointing at least one woman director. #SEBI #SBI #CompanyWatch #Corporate Affairs Ministry #Companies Act #Arundhati Bhattacharya
 Sebi relaxes debt-equity conversion norms for banks

Mar 22, 2015

Sebi relaxes debt-equity conversion norms for banks

Under the relaxed norms, which were approved by Sebi's board today, the banks would be allowed to convert their debt into equity in a listed borrower entity that is in distress without applicability of the markets regulator's pricing formula in such conversions. #finance ministry #NewsTracker #SEBI #Arun Jaitley #Corporate Affairs Ministry #UK Sinha #Forward Markets Commission #Jayant Sinha
Appoint at least one woman director by month-end or face action: Sebi to listed cos

Mar 16, 2015

Appoint at least one woman director by month-end or face action: Sebi to listed cos

Stepping up its pressure, regulator Sebi has asked all listed companies to mandatorily appoint at least one woman director on their boards by the end of this month, failing which they would face regulatory action. #SEBI #Corporate Affairs Ministry #listed companies #ICSI #Woman directors
Ponzi schemes and other frauds cost investors nearly Rs 40,000 cr in 2013

Dec 23, 2013

Ponzi schemes and other frauds cost investors nearly Rs 40,000 cr in 2013

Going by studies, corporate frauds happen due to various factors including inadequate internal control procedures, diversion of funds by promoters or top management and failure of auditors in detecting the misdoings. Among them, lack of strong corporate governance is a key issue. #RBI #SEBI #Fraud #Ponzi #Corporate Affairs Ministry #Saradha #NSEL #RearView2013