Economic Offences-wing

Showing of 1 - 20 from 54 results
Economic Offences-wing - Total results - 54
PMC Bank scam: EOW may file its first chargesheet against promoters of HDIL today; Wadhawans booked under PMLA in over Rs 6,300 cr fraud
Business

PMC Bank scam: EOW may file its first chargesheet against promoters of HDIL today; Wadhawans booked under PMLA in over Rs 6,300 cr fraud

The PMC Bank, which has around 16 lakh depositors, was placed under an RBI administrator on 23 September for six months due to massive under-reporting of dud loans

PMC Bank scam: Court allows RBI-appointed administrator to sell two jets, yacht of promoters of HDIL group
Business

PMC Bank scam: Court allows RBI-appointed administrator to sell two jets, yacht of promoters of HDIL group

A court here has allowed the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender

Yash Raj Films in legal trouble for allegedly pocketing Rs 100 cr worth royalties belonging to music artists
Entertainment

Yash Raj Films in legal trouble for allegedly pocketing Rs 100 cr worth royalties belonging to music artists

The case against Yash Raj Films has been registered under sections 409 (criminal breach of trust) and 34 (common intention) of the Indian Penal Code

PMC Bank scam: Distressed depositors hold day-long protest at RBI office in Delhi
Business

PMC Bank scam: Distressed depositors hold day-long protest at RBI office in Delhi

Distressed depositors of scam-hit PMC Bank on Wednesday held a day-long protect outside the RBI office here, demanding their "hard-earned" money be returned at the earliest

PMC Bank scam: Top bank officials hid HDIL accounts from system, RBI tells Bombay High Court
Business

PMC Bank scam: Top bank officials hid HDIL accounts from system, RBI tells Bombay High Court

Senior officials of scam-hit PMC Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 percent of its loan exposure, the Reserve Bank informed the Bombay High Court on Tuesday

PMC bank scam: Rajneet Singh, former director and son of ex-BJP MLA Sardar Tara Singh, arrested by Mumbai Police
Business

PMC bank scam: Rajneet Singh, former director and son of ex-BJP MLA Sardar Tara Singh, arrested by Mumbai Police

Besides being a director, Rajneet Singh is a member of the loan recovery committee of the Punjab and Maharashtra Cooperative (PMC) Bank

PMC Bank scam: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway
Business

PMC Bank scam: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway

Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway

PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings
Business

PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings

A group of distressed PMC depositors gathered outside the Reserve Bank of India (RBI) office here on Wednesday, seeking an assurance that their deposits in the scam-hit corporative bank are safe and will be returned to them within a stipulated time

PMC Bank scam: Bombay HC asks RBI what steps were taken to help depositors; next hearing on 19 November
Business

PMC Bank scam: Bombay HC asks RBI what steps were taken to help depositors; next hearing on 19 November

The Bombay High Court on Monday sought to know from the Reserve Bank of India what steps it has taken to protect the interests of depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank

PMC Bank scam: Court extends HDIL promoters Rakesh Wadhawan, son Sarang's ED custody till 24 October
Business

PMC Bank scam: Court extends HDIL promoters Rakesh Wadhawan, son Sarang's ED custody till 24 October

A Mumbai court on Tuesday extended the ED custody of HDIL promoters Rakesh Wadhawan and his son Sarang Wadhawan, arrested in connection with Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC) Bank scam, till 24 October

Daily Bulletin: SC to hear PIL seeking interim protection for customers in PMC Bank scam today; ED summons Praful Patel for probe in money laundering case; day's top stories
India

Daily Bulletin: SC to hear PIL seeking interim protection for customers in PMC Bank scam today; ED summons Praful Patel for probe in money laundering case; day's top stories

Here are today's top stories: PMC bank scam: SC to hear PIL seeking interim protection for customers today; Pakistan to remain on FATF 'Grey List' till February 2020; formal announcement to be made today; and more

PMC scam: Central bank employees union wants cooperative banks under full control of RBI
Business

PMC scam: Central bank employees union wants cooperative banks under full control of RBI

In the wake of the scam at Punjab & Maharashtra Cooperative (PMC) Bank, the All-India Reserve Bank Employees Association on Wednesday suggested ending the dual jurisdiction of urban cooperatives and bringing them under RBI jurisdiction

Religare fraud case: Delhi court grants 4-day custodial interrogation of Singh brothers, 3 others
Business

Religare fraud case: Delhi court grants 4-day custodial interrogation of Singh brothers, 3 others

Former Fortis Healthcare promoters Malvinder Singh, his brother Shivinder Mohan Singh and three others, arrested for allegedly misappropriating funds of Religare Finvest Ltd (RFL) and causing it losses of Rs 2,397 crore, were produced before a Delhi court on Friday

Delhi Police's EOW arrests former Ranbaxy promoter Shivinder Singh, three others in alleged fraud case
Business

Delhi Police's EOW arrests former Ranbaxy promoter Shivinder Singh, three others in alleged fraud case

The Delhi Police on Thursday arrested former promoter of Fortis Healthcare Shivinder Singh and three others in an alleged fraud case, officials said

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation
Business

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation

Finance Minister Nirmala Sitharaman on Thursday faced irate depositors of Punjab and Maharashtra Co-operative (PMC) Bank, and promised to bring in legislative changes for upholding of their interests

PMC Bank scam: Police custody of former chairman Waryam Singh, Wadhawans of HDIL extended till 14 October
Business

PMC Bank scam: Police custody of former chairman Waryam Singh, Wadhawans of HDIL extended till 14 October

A court on Wednesday extended till October 14 the police custody of a former chairman of the Punjab and Maharashtra Cooperative (PMC) Bank and two directors of HDIL, arrested in connection with the alleged Rs 4,355 crore scam at the bank

PMC Bank scam: Shares of HDIL hit lower circuit, fall 4.73% on reports of EOW to include auditors in probe
Business

PMC Bank scam: Shares of HDIL hit lower circuit, fall 4.73% on reports of EOW to include auditors in probe

Shares of HDIL extended its losses on Wednesday as it fell nearly 5 percent and hit its lower circuit limit after reports that Mumbai Police's Economic Offences Wing may include the auditors of the bankrupt company in the ongoing probe of PMC Bank scam

PMC Bank scam: Former managing director Joy Thomas sent to police custody till 17 October
Business

PMC Bank scam: Former managing director Joy Thomas sent to police custody till 17 October

The police told the court that they need his custody to interrogate him as he was part of the conspiracy. However, Joy Thomas's lawyer argued that he is being made a "scapegoat".

PMC Bank scam: Economic offences wing arrests former MD Joy Thomas in connection with alleged Rs 4,355 cr scam
Business

PMC Bank scam: Economic offences wing arrests former MD Joy Thomas in connection with alleged Rs 4,355 cr scam

The Mumbai Police arrested Punjab Maharashtra Co-operative Bank's former managing director Joy Thomas on Friday