Financial Irregularities

Showing of 1 - 20 from 24 results
Financial Irregularities - Total results - 24
Infosys whistleblower case: 'Not received any SEBI request for further audit', says IT major
Business

Infosys whistleblower case: 'Not received any SEBI request for further audit', says IT major

Infosys on Friday said it has not received any request from SEBI for conducting further investigation in the whistleblower case where top executives were accused of rigging the company's balance sheet

Infosys whistleblower case: SEBI may call for forensic audit on allegations of financial irregularities in IT major
Business

Infosys whistleblower case: SEBI may call for forensic audit on allegations of financial irregularities in IT major

In October last year, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by the top management.

Relief for Gautam Thapar: NCLT terms Vaish report on CG Power as 'bogus', says it will rely on independent or govt agency report
Business

Relief for Gautam Thapar: NCLT terms Vaish report on CG Power as 'bogus', says it will rely on independent or govt agency report

CG Power's board sacked Thapar after Vaish Associates' audit report, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power

In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound
Business

In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound

In the first seven months of the current financial year, the credit growth to large industries contracted by 3.4 percent as against a growth of 0.2 percent in the year-ago period.

Jet Airways crisis: Naresh Goyal, debt-laden airline come under SFIO investigation for fund diversion
Business

Jet Airways crisis: Naresh Goyal, debt-laden airline come under SFIO investigation for fund diversion

In July this year, the government had ordered an investigation into the alleged mismanagement of funds at Jet Airways, which halted operations in April this year after running out of cash.

DHFL crisis deepens: Govt likely to order SFIO probe into mortgage firm's financial irregularties
Business

DHFL crisis deepens: Govt likely to order SFIO probe into mortgage firm's financial irregularties

The government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon, an official said

PMC Bank crisis: Economic Offences Wing files case against bank management, promoters of HDIL; SIT to probe case
Business

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's actual exposure to HDIL at over Rs 6,500 cr or 73% of total loan book, says suspended MD Thomas in letter to RBI
Business

PMC Bank's actual exposure to HDIL at over Rs 6,500 cr or 73% of total loan book, says suspended MD Thomas in letter to RBI

In the confession letter, Thomas also put the actual NPA number at 60-70 percent as against a reported net NPA of 2.19 percent as of 31 March 2019, the source said.

PMC crisis: Politicising cooperative banking mess is opportunism; RBI has to own up to its mistake of waking up too late
Business

PMC crisis: Politicising cooperative banking mess is opportunism; RBI has to own up to its mistake of waking up too late

The PMC episode is only the symptom of a deeper malaise plaguing many other loosely regulated cooperative banks in the country.

What’s cooking in Indiabulls Group? Recurring allegations on quid-pro-quo between lenders, corporates expose loopholes in regulation
Business

What’s cooking in Indiabulls Group? Recurring allegations on quid-pro-quo between lenders, corporates expose loopholes in regulation

A PIL has been filed in the Delhi High Court that alleges that Indiabulls promoters have been roundtripping funds lent to various companies back to their pockets violating rules

Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning
Business

Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning

The SFIO order refers to alleged siphoning of funds and unspecified financial irregularities at Jet Airways

Black money issue: Switzerland steps up process to share information on bank accounts; 11 Indians get notices in a day
Business

Black money issue: Switzerland steps up process to share information on bank accounts; 11 Indians get notices in a day

Switzerland was widely known as an alleged safe haven for black money before it bowed down before the global pressure and agreed to bring down the famed secrecy walls

Tamil Film Producers Council appoints special officer following accusations of mismanagement against president Vishal
Entertainment

Tamil Film Producers Council appoints special officer following accusations of mismanagement against president Vishal

N Sekar has been nominated to manage council affairs till TFPC does not manage to resolve the matter.

Govt to soon come out with definition for shell companies, says union minister P P Chaudhary
Business

Govt to soon come out with definition for shell companies, says union minister P P Chaudhary

Generally, shell companies exist only on paper and are often used by fraudsters for carrying out their illegal activities

Aircel, two other companies come under SFIO lens for alleged financial irregularities
Business

Aircel, two other companies come under SFIO lens for alleged financial irregularities

The Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities at debt-laden Aircel as well as two group entities -- Aircel Cellular and Dishnet Wireless

JNU students level allegations of sexual harassment, financial irregularities against professor; accused denies charges
India

JNU students level allegations of sexual harassment, financial irregularities against professor; accused denies charges

A group of women students of the Jawaharlal Nehru University (JNU) on Thursday levelled allegations of sexual harassment and financial irregularities against a professor of the School of Life Sciences.

FIR lodged against former Manipur CM Ibobi Singh and five others for alleged misuse of govt funds
India

FIR lodged against former Manipur CM Ibobi Singh and five others for alleged misuse of govt funds

An FIR has been lodged against former Manipur chief minister O Ibobi Singh and five former bureaucrats of the state for alleged financial irregularities in the Manipur Development Society (MDS), a police officer said on Saturday