Former world billiards champion Michael Ferreira, an accused in an alleged multi-level marketing scam case, walked out of Taloja Central Prison in Navi Mumbai on April 8, six months after his arrest, police said today.
To avoid the recurrence of Unitech like cases, it is important for homebuyer association members to take the lead and act as a bridge to raise funds, in case the builder claims he is bankrupt.
Vendors on the platform say beginning November 2015 their payments started getting delayed. Such is the case that one vendor says he is on the cusp of selling his house to repay the loans he had taken supply products to Askmebazaar buyers.
CNBC-TV18's Yash Jain -- who has a copy of the letter -- reports that NSEL has alleged that FTIL only disclosed payable expense and did not mention inward cash flows.
Government today decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to complete probe of brokers at the earliest.
The company, in a statement here, said it had learnt about the attachment of properties through a letter written by EOW to them today.
Sebi has been asked to take necessary action against the defaulting brokers in the nearly Rs 5,600-crore NSEL scam while the Corporate Affairs Ministry and other agencies including the Enforcement Directorate are also investigating the case, the government said today.
The complaint has been filed with regard to alleged "forgery, cheating and misappropriation" by these entities in connection with transfer of shares and dividends of various companies.
A special committee set up by the Economic Offences Wing (EOW) is likely to start investigating the 'money trail' between Mallya and group companies, sources say.
RBI had issued a Show Cause Notice to the bank for not complying with KYC and AML guidelines "in respect of a current account under investigation" of the Economic Offences Wing (EOW), Mumbai.
The FIR alleges Parsvnath misled buyers by claiming to have all approvals in 2004. It further says HDFC, PNB and ICICI Bank denied home loans as project wasn't legal. Parsvnath also refused refunds to customers.
The three officials -- Amit Rathi, Director, Anand Rathi Commodities, Chintan Modi, VP, IIFL, and CP Krishnan, Wholetime Director, Geofin Comtrade, have been granted bail on condition that they will pay Rs 20 lakh as surety and also appear before the Mumbai EOW every Wednesday.
Tharoor was quizzed for over four-and-a-half hours at the Anti Auto Theft Squad (AATS) office in South Delhi in two sessions. In the afternoon session, Tharoor's driver Bajrangi was also quizzed along with the Congress MP.
Dahiya is accused of duping investors of over Rs 1,000 crore. He had promised huge returns for people investing in his real estate deals.
Committee, comprising Justice VC Daga, J Solomon and Yogesh Thar, would determine the amount payable by defaulters / third parties. It is also empowered to ascertain their assets.
The agency's latest action, under Prevention of Money Laundering (PMLA) laws, had been taken against the borrower company and its two group companies, which owe the investors Rs 922 crores, sources said. The ED had earlier attached Rs 75 crore assets belonging to the same firms.
The Mumbai police probing the Rs 5,600-crore payout scam involving the National Spot Exchange Ltd (NSEL), has attached all 166 properties of defaulters it has identified so far and is all set to attach immovable assets of NSEL directors, including Jignesh Shah and Joseph Massey, a senior police officer said here today.
The Economic Offences Wing (EOW) today said it has initiated preliminary inquiry against the National Commodity & Derivatives Exchange (NCDEX) following a case filed for alleged non-delivery of black pepper.
Massey was also among the board of directors at the debt-ridden NSEL. EoW sources say they questioned Massey over discrepancies in the minutes of the board meeting.
The EOW believes that there is a prima facie case for suspecting the misuse of software used across FTIL and its subsidiaries across a number of platforms.
NK Protein's Nilesh Patel was also present during the interrogation. EOW sources say at the moment the borrower statement is also important to implicate Jignesh Shah.
IVRCL | SBI | Tata Steel | Goa Carbon | PTC India Financial | JM Financial | Financial Technologies and MCX are stocks, which are in the news today.
Jignesh Shah, promoter of NSEL and Joseph Massey, MD & CEO of MCX-SX appeared before the Mumbai Police's Economic Offences Wing on Tuesday.
Economic Offences Wing (EOW) also issued some notices against Jignesh Shah and said that they will not be allowed to leave India without permission.
An FIR was filed on Monday by EOW against Shah, Joseph Massey (MD of MCX, another FTIL-promoted firm), other promoters, directors and defaulters charging them with cheating, forgery, breach of trust and criminal conspiracy, among others.