Corporate Fraud

Banking on a bargain: Sandesara settlement raises important questions

The brothers, who had managed to abscond on the Albanian passport in 2017 and were running an oil and gas business in Nigeria, had a long list of cases against them

Corporate fraud in India: A case of the 'trusted insider' dominance

While cybercrime headlines dominate the global conversation around corporate fraud, in India, fraud creeps in through procurement files, travel vouchers, vendor agreements, and unchecked authority

Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case

Markets regulator Sebi on Wednesday upheld its interim order restraining Gensol Engineering and its former top executives Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets on concerns over fund diversion and corporate governance failures. Additionally, the regulator said Jaggi brothers, also co-founders of EV ride-hailing firm BluSmart Mobikity, would continue to be debarred from holding the position of a director or key managerial personnel in Gensol. The final order comes as the company undergoes insolvency proceedings under the supervision of a court-appointed professional. The brothers have been accused by Sebi of siphoning off loan funds from their publicly-listed company Gensol for personal use, raising concerns over corporate governance and financial misconduct. In a detailed confirmatory order, Sebi stated that the prima facie findings of misappropriation of funds and falsification of conduct letters to CRAs -- initially highlighted in its April 2025 inte

300 IBC cases set to be resolved this year: Corporate affairs secretary

Creditors have recovered around Rs 3 trillion through the Insolvency and Bankruptcy Code (IBC), and the recoveries stood at more than Rs 51,000 crore last year

CBI files Rs 230 fraud case against developers Amrapali Leisure Valley

The CBI has filed an FIR against Amrapali Leisure Valley Developers Pvt Ltd and its director Anil Sharma among others for allegedly cheating Bank of Maharashtra and Andhra Bank of over Rs 230 crore

Please change the definition of 'fraud', bankers to urge RBI: Report

All the high-street bank CEOs decided to make a representation to RBI at a meeting to discuss issues faced by the lenders

Top headlines: Rise in corporate frauds feared; state firms hold LPG bill

Superseding boards of two Srei companies not to roil markets; Major OMCs step off LPG price-hike pedal

Corporate frauds likely to spike in post-Covid set-up, says survey

Over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years

China launches first class-action lawsuit in war against corporate fraud

The mechanism was introduced last year to bolster investor confidence

India's corporate collapses

Book review of The Meltdown: India Inc's Biggest Implosions

Best of BS Opinion: China gaining traction, corporate frauds, and more

Here's a selection of Business Standard opinion pieces for the day

Corporate fraud is finally securities fraud

The regulator can no longer be selective about the cases in which it would flex its muscle and those in which it would plead an absence of power

In 2019, independent directors exit in droves as tighter scrutiny bites

Experts say people are getting more and more selective about joining boards of companies, while basing their decision on several qualitative factors

CG Power fraud case: Ousted CFO calls Vaish report 'biased and concocted'

He was interviewed on May 24 and July 29 by a partner of Vaish Associates, which was not at all mentioned in the law firm's interim investigation report on the alleged fraud at CG Power.

High-leverage entities losing favour amid worries of corporate defaults

Investors looking to shift funds to firms with comfortable debt levels

ED attaches Mack Soft Tech's Rs 86-crore Q-City tech park in Hyderabad

ED initiated investigation on the basis of information that MSTPL remitted huge funds in contravention of FEMA

Govt to encourage whistle-blowers to flag dubious activities in corporates

Govt working to link Aadhaar details of stakeholders with filings under company law