90 Year Old in Surat gets tricked into Rs. 1 Cr Fraud by Fake CBI, ED Officials
A 90-year-old man from Surat was recently defrauded of a staggering ₹1.15 crore over a 15-day period. The victim, Mohan, was targeted by a...
Ushdev International Bank Fraud: NFRA Imposes Rs. 5 Lakh Penalty on UIL Auditor in Mumbai for Professional Misconduct [Read Order]
The National Financial Reporting Authority ( NFRA ) has imposed a penalty of ₹5 lakh on a Mumbai Chartered Accountant ( CA ), the statutory auditor of Ushdev International Limited (UIL), for...
Suspicion of Speedy Loan Sanction alone not enough to Credit Misuse: Supreme Court discharges Ex-Central Bank Chairman [Read Judgement]
In a recent ruling, the Supreme Court of India ruled that mere suspicion of speedy loan sanction alone was insufficient proof of credit facility misuse and ordered the discharge of the Ex-Chairman of...
Arrest by ED in Absence of Well Documented 'Reason To Believe' u/s 19 PMLA is Invalid: Punjab & Haryana HC [Read Order]
The Punjab & Haryana High Court dismissed the plea challenging ED arrest, observing that the arrest was made in well documented reason to believe under section 19 of Prevention of Money...
Evidence in Excise Policy Case Documentary, No Witness Tampering Probability: Delhi HC grants Bail to Bizman for Rs. 10 Lakh Bail Bond [Read Order]
The Delhi High Court recently granted bail to businessman Amandeep Singh Dhall, who was implicated in the Delhi Excise Policy case under the Prevention of Money Laundering Act ( PMLA ), 2002. The...
CBI Files Case against Senior Audit Officer from Indian Audit & Accounts Department in Raipur for Disproportionate Assets
The Central Bureau of Investigation ( CBI ) has initiated a probe into allegations of disproportionate assets held by a Senior Audit Officer from the Indian Audit & Accounts Department, based in...
