PMC Bank crisis: Mumbai police arrest HDIL's Rakesh Wadhawan, son Sarang; realty firm's assets worth Rs 3,500 cr attached
On 30 September, the Mumbai Police had filed a case against the former bank management and promoters of HDIL in the Punjab and Maharashtra Cooperative (PMC) Bank case.
PMC Bank's suspended MD Joy Thomas blames 'superficial auditing' for mess; confesses to role of top management in crisis
Thomas' letter is part of the first information report (FIR) filed by the Economic Offence Wing of the Mumbai Police on Monday.
PMC Bank crisis: Police complaint reveals scam-hit Bank created over 21,000 fake accounts to hide loans
The police complaint accuses the bank’s management of concealing non-performing assets and disbursing loans leading to a loss of at least Rs 4,355.46 crore
PMC Bank crisis: Economic Offences Wing files case against bank management, promoters of HDIL; SIT to probe case
The bank, which has 137 branches and over Rs 11,000 crore in deposits, has been put under restrictions since last week after the RBI discovered certain financial irregularities in the functioning of the multi-state lender.
PMC Bank crisis: RBI had recommended removal of chairman Waryam Singh in 2018, says report
According to the source, of the Rs 8,880-crore loan book (as of 19 September 2019) that PMC Bank had, more than Rs 6,500 crore or over 73 percent of the assets are with the bankrupt HDIL group only.
Delhi Police books private firm for conning city’s Traffic Police of Rs 8.5 crore for installation, maintenance of red light and speed cameras
The matter came to light after an FIR was registered on Monday against Turbo Consultancy Pvt Ltd
IL&FS scam: ED arrests two former top executives in connection with money laundering probe
L&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over 91,000 crore.
Odisha Congress chief says he has 'no information' on EOW summons against him and his son in fraud case
Odisha Pradesh Congress Committee (OPCC) president Niranjan Patnaik on Thursday said that he has no information about Economic Offence Wing (EOW) of Delhi Police issuing a summon notice against him.
Religare approaches Corporate Ministry with complaint against Singh brothers, ex-chairman Sunil Godhwani
Earlier on Wednesday, Religare Finvest lodged a criminal complaint with the Economic Offences Wing (EOW) of the Delhi Police against the Singh brothers.
Religare files criminal complaint with EOW against promoters Singh brothers for cheating, breach of trust
Religare Enterprises was controlled by the warring Singh brothers until February 2018.
NSEL scam: Sebi grants Motilal Oswal 3 weeks to reply to show cause notice
Motilal Oswal Commodities Broker Pvt Ltd has also been directed by the Sebi to appear for a hearing on 27 September at the regulator's head office in Mumbai.
DSK Group fraud case: Court reserves order on Bank of Maharashtra MD & CEO Ravindra Mhatre's bail plea
Marathe and other top officials of Bank of Maharashtra were arrested last week in connection with a cheating case lodged against Pune-based builder D S Kulkarni, popularly known as DSK, and his wife Hemanti.
Michael Ferreira gets bail in Rs 1,000-cr QNet scam: Here's how the Padma awardee got into trouble
Despite the allegations, QNets Global CEO Trevor Kuna last week said the company has big plans for India
Cheating case: Yash Birla's properties sealed by EOW after state govt nod
The state department has allowed EOW to attach Yash Birla's Birla House, Malabar Hill, plots opposite Centaur Hotel in Juhu and Mahim and bank accounts of related companies
Yash Birla and 6 top officials of Birla Power Solutions chargesheeted in FD cheating case
Two years ago, an FIR was registered against the company Birla Power Solutions Ltd (BPSL) and its CFO PVR Murthy on charges of cheating investors
NSEL scam: FTIL to seek legal remedies after EOW attaches Rs 2000 cr assets
We will take all legal remedies to protect the interests of our shareholders and employees, the company said
Curious case of Jignesh Shah: Who gave orders to ED to arrest him?
Senior advocate Satish Manshinde said he was surprised at Shah’s arrest for money laundering because the case has been going on for more than two years.
CBI to probe trust run by Salman Khurshid's family, says Social Justice Minister
CBI has been handed over the probe into alleged irregularities by a trust run by Congress leader Salman Khurshid and his wife, according to Union minister Thaawar Chand Gehlot.
QNet scam: Ferreira asked to appear before police by 27 Jan
Former world Billiards champion Michael Ferreira was today directed by a sessions court to appear before Mumbai police by January 27 in connection with the Rs 425-crore scam allegedly executed by a multi-level marketing firm QNet.
Mumbai police attach assets worth Rs 5600 cr of 26 defaulters in NSEL case
An FIR in the case was lodged on September 30 by the EOW against directors Jignesh Shah, Joseph Massey and others charging them with cheating, forgery, breach of trust and criminal conspiracy, among other offences.<br /><br />