CBI Arrests Tirupati CGST Inspector Caught Red-Handed in ₹3.2 Lakh Bribery Sting Operation
The Central Bureau of Investigation ( CBI ) arrested a CGST Inspector from the Tirupati GST Commissionerate and a representative of a Chittoor-based...
End of the Rope: Delhi High Court grants Bail to PMLA Accused in Cattle Smuggling case after Long Incarceration [Read Order]
The Delhi High Court recently granted Bail to a person accused of smuggling cattle from India to Bangladesh after a jail term of 19 months undergone by the Accused. A Bail Application was lodged...
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...
