BUSINESS
MCA orders SFIO probe in Cox & Kings: Sources
The Ministry of Corporate Affairs (MCA) has ordered a Serious Fraud Investigation Office probe in travel firm Cox & Kings after it uncovered prima facie evidence of siphoning of money, a source told Moneycontrol.
BUSINESS
MCA orders SFIO probe into CG Power: Sources
The MCA ordered an SFIO probe on the recommendations of the Western Regional Director of the MCA, which, in its report on CG Power submitted last month, found diversion of funds.
BUSINESS
Income Tax Department conducts raids on two dozen entities across Maharashtra
As per sources "Department is conducting searches more than two dozens places and searches could be continue next few days also".
BUSINESS
Iqbal Mirchi case: ED questions Dheeraj Wadhawan for hours, right after he gets discharged from hospital
Dheeraj Wadhawan's name had come up during interrogation of the arrested accused Ranjit Singh Bindra and Humayun Merchant.
BUSINESS
DHFL crisis: ED calls Kapil Wadhawan for clarification, summons Kundra again this week
Kapil Wadhawan is said to have reportedly submitted some documents related to the deals and left the ED office after about an hour and a half. Sources said he may be summoned again.
BUSINESS
Exclusive | SEBI may lower margin requirements for hedged trades in F&O segment
The SEBI-appointed Risk Management Review Committee met on October 16 and agreed to most recommendations of the sub-working group. This group had proposed lower margins for hedged positions and status quo on unhedged derivative positions
INDIA
Iqbal Mirchi money laundering case: Raj Kundra appears before ED, Shilpa Shetty may be questioned next
Kundra had earlier denied any wrongdoing in these business dealings
BUSINESS
ED summons former Bhushan Steel promoter Neeraj Singhal over Iqbal Mirchi case
The ED sought to know about the financial transaction with Iqbal Mirchi's family. It could have taken place somewhere between 2010-11 through an associate company where Neeraj Sighal was the director.
BUSINESS
Enforcement Directorate arrests two close aides of Iqbal Mirchi
After hearing the arguments from both sides, the court sent Merchant to custody in remand till October 24.
BUSINESS
PMC Bank crisis: ED identifies 50 new properties of HDIL for possible attachment
The Enforcement Directorate has already attached assets of HDIL that are worth 3,800 crore. These include high end cars, lavish bungalows and jewelry.
POLITICS
Maharashtra elections 2019: Income Tax Dept seizes cash and gold worth Rs 43 crore
The investigation wing of the I-T Department has seized around Rs 43.18 crore since September 27, of which Rs 2 crore was released after documents of the cash and valuables were furnished before it.
BUSINESS
Enforcement Directorate conducts searches on Wadhawan brothers over alleged dealings with Iqbal Mirchi
The searches were carried to investigate loans given to Sunblink Developers, which bought three properties from Iqbal Mirchi worth Rs 225 crore in 2010.
INDIA
ED quizzes Praful Patel over transactions with Iqbal Mirchi's family in 12-hour meeting
NCP leader Praful Patel appeared before the Enforcement Directorate today, which questioned him on transactions between his firm Millennium Developers and late drug lord Iqbal Mirchi’s family.
BUSINESS
SEBI board may consider hiking PMS investment limit to Rs 50 lakh, tighter norms for auditors
The Securities and Exchange Board of India (SEBI) may discuss new regulations for auditors, portfolio management services (PMS) and proxy advisory services at its upcoming board meeting in November.
BUSINESS
Hours before ED custody, Wadhwans request agencies to sell attached assets and repay PMC Bank customers
According to HDIL, the company has securitised enough assets to the PMC banks as compared to the loan taken. They have securitised 40 assets with clear titles with the bank.
POLITICS
ED summons Praful Patel in money laundering case linked to Iqbal Mirchi
According to ED, the third and fourth floors of Ceejay House - built by Patel's Millennium Developers - were transferred to Mirchi's wife Hajra Iqbal.
BUSINESS
11 GVK Group entities under MCA scanner post whistle-blower plaint
MCA is also looking into role of auditors and company officials, including company secretary
BUSINESS
ED probes NCP leader Praful Patel for links with late gangster Iqbal Mirchi
In a drive that identified Iqbal Mirchi’s properties in India and abroad to the tune of Rs 500 crore, the ED zeroed in on Ceejay House, a 15-storey commercial building in Mumbai’s Worli area, which was owned by Mirchi and redeveloped by Patel’s firm Milennium Developers.
BUSINESS
ED arrests 2 persons allegedly linked to Dawood Ibrahim's late aide Iqbal Mirchi
The ED suspects that Mirchi, who died in London in 2013, had bought a five-star hotel in Dubai from the proceeds out of the sale of these three assets located in Worli, sources told Moneycontrol.
BUSINESS
ED attaches Wadhavans' properties worth Rs 3,000 crore; assets seized over 80% of PMC Bank loans
Moneycontrol has learnt that properties the ED attached today include about 2,100 acres of land located in Vasai, Virar and Palghar.
BUSINESS
PMC Bank crisis: Mumbai Police arrests former PMC chairman Waryam Singh
The EOW, which has been on the lookout for Singh since September 30, had conducted searches in Mumbai at the premises of Waryam Singh and former Managing Director Joy Thomas, who was also arrested on October 4.
BUSINESS
PMC Bank-HDIL scam: Former bank MD Joy Thomas to be in EOW custody till October 17
The Wadhawans were arrested in connection with the Punjab and Maharashtra Co-operative (PMC) Bank scam by the Economic Offenses Wing (EOW) of the Mumbai police on October 3.
BUSINESS
NSEL case: EOW arrests 2 auditors of EY associate SV Ghatalia
The two officials have been arrested in connection with a National Spot Exchange Limited (NSEL) scam, six years after it first came to light.
BUSINESS
PMC Bank crisis: ED conducting searches at premises of Waryam Singh, Joy Thomas
A senior ED official has confirmed about searches conducted by Enforcement Directorate
