Bombay HC quashes prosecution against 2 former IL&FS audit firms; says SFIO complaint filed before special court bad in law
In June last year, the ministry of corporate affairs had moved the NCLT against BSR and some of the then external auditors of IL&FS alleging professional misconduct.
The Serious Fraud Investigation Office (SFIO) has arrested at least three individuals in connection with alleged accounting fraud worth Rs 6,500 crore at Rotomac group of companies and Frost International Ltd, according to official sources
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
Political, regulatory pressure on corporate governance impacting risk taking by firms: HDFC CEO Keki Mistry
Company boards are operating under increased "political and regulatory" pressure to improve their governance standards, and the resultant risk averseness is a prime reason for the growth slowdown, HDFC's Chief Executive Keki Mistry said on Wednesday
The Serious Fraud Investigation Office (SFIO) has started probe into the alleged irregularities at CG Power and Industrial Solutions Ltd and its 15 group companies
DHFL crisis: Govt orders SFIO probe into financial fraud charges against debt-laden mortgage lender, 5 other real estate firms
The debt-ridden DHFL came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities.
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.
The government has ordered an SFIO probe into alleged financial irregularities at mortgage lender DHFL after finding instances of suspected fund diversions, according to a source
DHFL crisis: Savings of over 1 lakh fixed deposit holders at risk as trouble mounts for debt-laden mortgage firm
Cases of fund diversions, as revealed in a forensic audit by accounting firm KPMG, may scuttle the resolution plan for DHFL that has been in the works for several months.
The government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon, an official said
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
Bhushan Power buyout: NCLAT to hear probe agencies over JSW Steel's plea seeking protection from investigation against BPSL
The NCLAT also said it will decide over the payment of Rs 19,350 crore by JSW Steel to the Committee of Creditors of Bhushan Power and Steel on the next date of hearing.
Johari was arrested by the SFIO on May 2 for alleged fraudulent activities, including filing false documents with various banks
IL&FS case: Ramesh Chandra Bawa's wife, daughter seek to unfreeze bank accounts citing no mention in charge sheet, SFIO report
NCLT adjourned the hearing on a ministry plea seeking a five-year ban on IL&FS group auditors Deloitte Haskins & Sells and the KPMG affiliate BSR & Associates for their criminal role in the scam to 19 July.
If Jet Airways founder Naresh Goyal wants to go abroad, he should first deposit Rs 18,000 cr as guarantee: Delhi HC
He added that Goyal wanted to go to Dubai and London for the purpose of arranging funds for the Jet group which was facing financial crisis.
DRT directs Nirav Modi, aides to pay over Rs 7,200 cr to PNB and others, recovery officials to initiate further action
In another order in the suit filed by the consortium of banks, the presiding officer directed Modi and others to pay Rs 232 crore to the applicant banks with the 16.20 percent interest from 27 July, 2018.
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
Despite being one up dubiously in the matter of outstanding over IL&FS whose dues are estimated to be Rs 91,000 crore, DHFL has agreed to set its house in order.
IL&FS scam: Govt alleges 22 auditing standards violations by Deloitte, KPMG arm; companies deny wrongdoing
India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters
IL&FS scam: Ex-CEO of NBFC arm helped Fitch official buy villa, says report; rating agency investigating matter
The massive scam came to light last year after various IL&FS group entities defaulted on debt repayments. The group owed more than Rs 90,000 crore as of March 2018.