The court said the trial should happen in Lucknow and that there should be day-to-day hearing in the consolidated trial which should be wrapped up in two years.
The Central Bureau of Investigation today arrested two senior postal department officials for allegedly exchanging demonetised currency notes worth over Rs 1 crore illegally.
In yet another blow to Vijay Mallya, the Karnataka High Court ordered winding up of United Breweries Holdings, the parent company of the UB Group. The court said UBHL‘s assets can be sold to recover dues payable by UBHL-promoted Kingfisher Airlines.
The Central Bureau of Investigation (CBI) is filing the chargesheet in Winsome Diamonds loan default case. Like with the loans to the now bankrupt Kingfisher Airlines, CBI has evidence that proper procedures were not followed by bankers while lending to Winsome.
The finance ministry official said: â€œWhile the investigative agencies are doing their bit, we are seeking a report from the central bank on whether there is a systemic concern or case of few â€˜bad apples‘.â€
In an interview to CNBC-TV18, Digant Haria, AVP Research, Antique Stock Broking spoke about upcoming initial public offering (IPO) of PNB Housing Finance.
CBI today arrested promoter of FTIL and commodity bourse MCX Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms.
CBI sources said besides Hooda's residence, premises of the then Principal Secretary M L Tayal, UPSC member Chattar Singh, both former IAS officers, and a serving IAS SS Dhillon were also searched by the team.
The SBI had earlier led a consortium of banks that filed a plea in the Supreme Court seeking contempt proceedings against Mallya.
"There are allegations that he (Kumar) favoured private companies to make their way for tendering process. Further investigation is going on," a spokesperson for the investigating agency said.
Targeting the Bharatiya Janata Party (BJP) for alleging that there was "Maha Jungle Raj" in Bihar after the murder of Siwan journalist Rajdeo Ranjan, Kumar claimed that there was no breakdown of law and order in the state.
After the UK government declined India‘s request to deport the liquor baron, the Enforcement Directorate (ED) had written to the CBI to issue a RCN against him, which got approved later today.
CNBC-TV18's Kritika Saxena, quoting sources, says that the properties were priced higher to get maximum loans by Mallya.
The CBI is searching 10 locations that include bank branches and homes of bank employees, CBI spokeswoman Devpreet Singh told Reuters.
CBI has charged the company is accused of duping 5.5 crore investors through the ponzi scheme
A few hours after the CBI raided Delhi Principal Secretary Rajinder Kumar, Jaitley told the Rajya Sabha that the action is on a bureaucrat and has nothing to do with Arvind Kejriwal's office or his tenure as CM.
Sources said that the raid took place as the Anti-Corruption Branch has registered a case against Kejriwal's Principal Secretary Rajender Kumar. The case is of criminal misconduct against Rajender and other private people.
Sources said that Sheena's mother Indrani Mukherjea's personal assistant Kajal Sharma and Mohd Siddhique, who take cares of Peter Mukerjea's finances, were questioned over the weekend.
According to sources, Peter Mukerjea's arrest came following a tip off from Indrani. Mukerjea has been booked for criminal conspiracy.
Earlier in the day CBI has filed a charge sheet against Indrani, her former husband Sanjeev Khanna and driver Shyamvar Rai in a Mumbai court, for abducting and killing her 23-year-old daughter Sheena Bora in 2012.
Pointing that India is currently in a crucial phase of nation building, the Prime Minister said, "India is currently in a crucial phase of nation building."
Immediately after his arrival here in an Indian Air Force Gulfstream-III aircraft from Indonesia's Bali, Rajan, who is considered as a 'friendly don' as he reportedly tipped Indian security agencies about the movement of Dawood and his aides, was whisked away to an undisclosed location under tight security.
The Indian Embassy is trying for earliest air slot to fly but there might be a delay due to pending commercial flights.
The branch is being investigated for illegal foreign exchange transactions estimated at as much as 60 billion rupees ($922 million) with the trail of evidence spanning from the Middle East to Latin America.
IDBI Bank had registered a case with the Central Bureau of Investigation (CBI) on First Leasing Company and its directors for cheating and causing monetary loss in 2014.