New Delhi, June 3 (IANS) Shares of private lender IndusInd Bank fell 3 per cent on Wednesday after reports emerged of a fresh whistleblower complaint seeking an investigation into alleged insider trading, governance lapses and audit shortcomings at the bank.The stock declined as much as 3.01 per cent to hit an intraday low of Rs 884.75 apiece on the BSE as of 2:30 pm. At the last count, the banking stock was trading at Rs 895.80, down about 2 per cent.The selling pressure followed reports sugges…
Latest Serious Fraud Investigation Office News & Updates
New Delhi, June 2 (IANS) The ED arrested four top officials of Earth Infrastructures in an alleged fraud involving Rs 2,004 crore collected from more than 19,425 homebuyers, an official said on Tuesday. The Enforcement Directorate (ED), Delhi Zonal Office, arrested Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta and Vikas Gupta, promoters/directors of Earth Infrastructures Ltd (EIL), on Monday, said an ED statement.The four were arrested under the provisions of the Prevention of Money Laundering …
Kochi, June 1 (IANS) In a setback for Exalogic Solutions and its owner, Veena Vijayan, the Kerala High Court on Monday declined to grant an immediate stay on the Enforcement Directorate’s investigation into the controversial CMRL-Exalogic financial transactions case, clearing the way for the Central agency to continue its probe.The CMRL had approached the High Court for relief following the ED raid at 10 places last week, including the residence of former Chief Minister Pinarayi Vijayan, where h…
New Delhi, May 27 (IANS) The Enforcement Directorate (ED) on Wednesday conducted searches at nearly 10 locations linked to Cochin Minerals and Rutile Limited (CMRL), its top executives, and Kerala former Chief Minister Pinarayi Vijayan’s daughter Veena Vijayan, following a recent Kerala High Court order upholding the agency’s money laundering investigation in the alleged corporate fraud case involving the company.Officials said documents related to investments and bank fixed deposits were se…
Thiruvananthapuram, May 27 (IANS) Kerala witnessed high political drama on Wednesday after the Enforcement Directorate (ED) carried out coordinated raids at 10 locations linked to former Kerala Chief Minister Pinarayi Vijayan and the controversial CMRL-Exalogic monthly payment case, prompting sharp reactions from CPI(M) leaders who termed the move a politically motivated attack orchestrated by the BJP with Congress support.The ED teams reached Vijayan’s rented residence in Thiruvananthapuram e…
Thiruvananthapuram, May 27 ( IANS) Senior CPI(M) Politburo member and former Kerala Chief Minister Pinarayi Vijayan came under the scanner of the Enforcement Directorate (ED) on Wednesday after central agency sleuths arrived at his Thiruvananthapuram residence in connection with the high-profile CMRL-Exalogic monthly payment case.The ED has already recorded the statement of Vijayan’s daughter, Veena Vijayan, whose IT firm, Exalogic Solutions, is at the centre of the controversy.While Pinarayi …
New Delhi/Lucknow, May 14 (IANS) The Allahabad High Court’s Lucknow Bench has directed the CBI, Enforcement Directorate (ED), Serious Fraud Investigation Office (SFIO) and other authorities to file responses within eight weeks on a petition alleging disproportionate assets against Leader of Opposition in the Lok Sabha Rahul Gandhi. A Division Bench of Justices Rajesh Singh Chauhan and Zafeer Ahmad passed the order while hearing a criminal writ petition filed by Karnataka-based BJP worker S. Vi…
New Delhi, April 11 (IANS) The Enforcement Directorate (ED) has conducted extensive search operations in connection with a money laundering case involving Earth Infrastructures Ltd (EIL) and its group entities, leading to the seizure of large amounts of cash, jewellery, bullion, and luxury watches. The searches were carried out on April 10 by the ED’s Delhi Zonal Office under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. A total of 10 premises in Delhi and Gurugram, li…
Hyderabad, March 13 (IANS) Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao has demanded a probe by the Central agencies into the alleged irregular allocation of government contracts to KLSR Infratech Private Limited, a company, which he says is linked to Telangana Chief Minister Revanth Reddy as a benami entity.In a letter to Union Home Minister Amit Shah on Friday, he raised serious concerns over the deteriorating law and order situation in Telangana.In his letter, KTR alleged that…