Page 12 - Scam

Excise policy scam: Delhi HC to hear Nair's plea on info leak to media

The Delhi High Court will hear on Monday a plea by businessman Vijay Nair, an accused in the Delhi excise policy scam case, claiming that sensitive information related to the matter was being leaked to the media by investigating agencies. Earlier, Justice Yashwant Varma had directed the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) to place before the court all press communications and releases put out by them in relation to the probe. Nair, who is in custody in a money laundering case being probed by the ED in relation to the alleged scam, is a former chief executive officer of an event management company and communication in-charge of the Aam Aadmi Party (AAP). Earlier this month, he was granted bail by a trial court in the case also being probed by the CBI. Nair through his lawyer has argued before the high court that the case was at a critical stage and his rights as an accused are adversely affected when the details are released to the media. He h

ED grills ex-Bengal minister Paresh Adhikari in teacher recruitment scam

Sleuths of the Enforcement Directorate (ED) on Monday interrogated former West Bengal minister Paresh Adhikari in connection with a teacher recruitment scam. Adhikari, who had been earlier been grilled by the CBI in the same case, arrived at the CGO complex of the ED office here in the morning to face questioning, sources in the agency said. The former minister of state for education is facing allegations of adopting illegal means to get her daughter Ankita appointed as a teacher in a state-run school in Cooch Behar district. The Calcutta High Court had earlier this year dismissed Ankita from job and asked her to return the salary she had drawn as a teacher since 2018. In August, Chief Minister Mamata Banerjee, during a cabinet reshuffle, had dropped Adhikari from her ministry.

Electoral Bond scheme 'biggest scam' of free India: Raj CM Ashok Gehlot

Rajasthan Chief Minister Ashok Gehlot on Monday called electoral bonds the "biggest scam" in the history of independent India. His remark came days after the centre told the Supreme Court that the electoral bonds scheme was an absolutely transparent mode of political funding. Gehlot said that electoral bonds have been devised by the NDA government in such a way that not only it allows easy funnelling of money, but also ensures that no one can be blamed for it. He said that the Supreme Court should not delay judgement on the matter and should hold regular hearings. The CM also raised questions on the Election Commission of India's decision to hold Himachal Pradesh and Gujarat assembly elections on different dates, saying such a move was not possible without indication from Prime Minister Narendra Modi and Union Home Minister Amit Shah. The NDA government has come up with such a method that no one can be blamed. In the Supreme Court they (GoI) say that they have done the right thing

Anubrata Mondal, crime proceeds recipient in cattle scam: CBI charge sheet

CBI has filed a fresh charge sheet in the cattle smuggling scam case, wherein the central agency has named Trinamool Congress's Anubrata Mondal as the direct recipient of the proceeds of the scam

Scamsters posing as Adar Poonawala dupe Serum Institute of over Rs 1 crore

An FIR was launched against some unidentified persons for cheating the Serum Institute of India for more than Rs 1 crore, said the officials

Has Ravi Narain joined the list of fallen market heroes?

People like Harshad Mehta, Ketan Parekh, Ravi Narain and Chitra Ramakrishna had one thing in common - greed. Markets may not forgive them, but lessons can be drawn. Here's a look at their work

ED seeks information on teachers' appointment in Bengal school jobs scam

The Enforcement Directorate on Tuesday sought information from the West Bengal Board of Primary Education about the appointment of primary teachers since 2011 in connection with its ongoing probe into a school jobs scam, an official said. The ED wrote to the chairman of the board for soft copies of the appointments-related details by Thursday, he said. A source in the education body said officials concerned in primary schools in all the districts have been asked to furnish the information on time. The ED had earlier arrested suspended Trinamool Congress leader and former state minister Partha Chatterjee, and his close associate Arpita Mukherjee for their alleged involvement in the multi-crore scam.

Post matric scam: No need to hand over probe to central agency, says Mann

Punjab Chief Minister Bhagwant Mann on Friday said the state's investigating agencies were fully capable of investigating the alleged irregularities in the post matric scholarship scheme and there was no need to hand the over the probe to a central agency. He also told leaders of the Valmiki community that services of 'safai sewaks' were being regularised and they soon will be taken off the contractual system. On the alleged "multi-crore" post matric scholarship scam, Mann reiterated his government's commitment to ensure stern action against the culprits. The alleged scam had surfaced during the Congress rule in 2020, following a report by the then additional chief secretary, who had flagged misappropriation of Rs 55.71 crore. The report had also questioned the role of the then social justice minister Sadhu Singh Dharamsot in shielding those involved in the scam. The then chief minister Capt Amarinder Singh had directed a panel led by the state chief secretary to conduct a thorough

School jobs scam: ED raids another flat of Partha Chatterjee's associate

The Enforce Directorate raided yet another apartment linked to Arpita Mukherjee, the close associate of arrested West Bengal minister Partha Chatterjee

Wilful loan defaults grow 10 times since 2012 to Rs 2.4 trn: Report

These defaulters have the capacity to repay their loans but choose not to do so, says a report

US sues Walmart for facilitating money transfer scams worth $197 mn

The US Federal Trade Commission (FTC) has sued retail commerce giant Walmart for allegedly allowing its money transfer services to be used by fraudsters, who fleeced consumers out of more than $197 mn

Delhi court grants bail to Wadhwan brothers, ex-promotors of DHFL, in scam

A Delhi court has granted bail to Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan, ex-promoters of Dewan Housing Finance Corporation Ltd (DHFL) in the alleged multi crore scam case.The Additional Sessions Judge Reetesh Singh while granting bail on Friday (May 13) said, "in the present case as well, the applicant/accused persons- Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan were not arrested during the investigation. A supplementary chargesheet was filed against them without arrest. Investigation Officer (IO) in his reply to the bail applications has stated that there is no requirement of custody".Court noted that the said case pertains to FIR registered under sections 420, 406, 409, 120-B of the Indian Penal Code (IPC), wherein the allegations were made against the accused Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan were the directors of DHFL during that time and had sanctioned loan to M/s Shubhkamna Buildtech Pvt. Ltd., and entered into a tripartite agreement with the ...

Big tech should reimburse victims of online scams, say British lawmakers

While banks have signed up for a voluntary code to reimburse fraud victims who do enough to protect themselves, there is not sufficient regulation governing social media

CBI arrests 11 people over Rs 60k-cr investment scam linked to Pearls group

The arrests were made from Delhi, Chandigarh, Kolkata, Bhubaneswar among other places, the CBI said in a statement

Kerala HC lifts bail condition on former PWD minister in flyover scam case

Kerala High Court lifted bail condition on former Kerala PWD Minister and Indian Union Muslim League leader VK Ebrahim Kunju, in connection with the Palarivattom flyover scam case

Four foreign funds in limelight for skewed investment in Adani group firms

Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have invest­ment in a number of domestic­ally listed firms besides the Adani group firms

Mehul Choksi case proving hot potato for Antigua & Barbuda, Dominica govts

While Antigua & Barbuda asking the neighbouring Dominica to repatriate Choksi to India, the latter nation considering returning him to Antigua

Best of BS Opinion: Board rules for fair play, bloodshed in Bengal & more

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

Flying with impunity

Rafale revelations demand robust govt response

IndiaMART CEO, two others booked for selling Govardhan Hill rocks online

Three men, including the CEO of an e-commerce site, were booked on Sunday for allegedly putting up for sale online of rocks taken from the Govardhan Hill here