Ahmedabad/New Delhi, April 20 (IANS) A man accused of orchestrating a GST refund fraud worth around Rs 1,825 crore has been arrested at Indira Gandhi International Airport in New Delhi after returning from Dubai, officials said on Monday. Kapil Chugh was apprehended on Sunday by officials of the Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit.According to officials, he had evaded the investigation, failed to respond to 22 summonses issued by the agency, and fled to Dub…
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Mumbai, March 31 (IANS) The Securities and Exchange Board of India (SEBI) has initiated regulatory action against Elitecon International Ltd after finding prima facie evidence of a pump-and-dump scheme in the company’s shares.The capital markets regulator observed that the stock surged more than 60 times within a short period before witnessing a sharp decline, a pattern it said was indicative of manipulative trading.In addition, the price rally was allegedly supported by coordinated trades and…