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Unitech MD Sanjay Chandra arrested in connection with financial irregularities

Unitech MD Sanjay Chandra arrested in connection with financial irregularities

Unitech Managing Director and two others were arrested in connection with financial irregularities on Saturday.

Cong leader Salman Khurshid duped of Rs 59,000 while trying to buy puppies online

Senior Congress leader Salman Khurshid was allegedly duped of Rs 59,000 by some persons on the pretext of selling him Maltese puppies through 

Maharashtra govt to transfer 933 cr lottery revenue loss case to CBI

The case pertaining to Rs 933 crore loss due to the illegal sale of state lottery will be transferred to the CBI, the Maharashtra government said today.

Digvijay Singh, ex-education minister booked for fraud

Three persons, including former Madhya Pradesh CM Digvijay Singh and one of his ex-cabinet colleagues have been booked by the state Economic Offences Wing (EOW) for fraud and unduly favouring a private institute here.

NSEL scam: Two top honchos of defaulting firms arrested

Mumbai Police on Tuesday arrested two top honchos of different defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit NSEL.

NSEL scam: Investors want action against brokers, defaulters

A year after the Rs 5,600-crore scam at National Spot Exchange (NSEL) came to light, aggrieved investors who are yet to get their money back, today demanded action against top brokers of the crippled bourse, arrest of all top defaulters and a Special Court for faster recovery.

Jignesh Shah was aware of happenings at NSEL: EOW

In what could be a turning point in chairman of Financial Technologies Jignesh Shah's fate, sources have said that he has given a partial confession to the Economic Offences Wing (EOW) of Mumbai.

Enforcement Directorate arrests CEO in NSEL case

Official sources said Gagan Suri, CEO of Yathuri Associates, was arrested by ED sleuths in Mumbai after they found that his role in the scam needs to be probed.

58 Emu birds auctioned

A total of 58 Australian emu birds, bought by investors from a bogus firm which promised them high returns, were auctioned here Friday by officials.

SBI graft case: Court extends CBI custody of Kumarah

A special CBI court here Wednesday extended the CBI custody of former Assistant General Manager of State Bank of India (SBI), K K Kumarah till November 30 in an alleged graft case.

NSEL scam: Mumbai police attach 100 properties of defaulters

Mumbai Police, which is probing the Rs 5,600 crore payout scam involving the National Spot Exchange Ltd, has attached 100 of the 166 properties of the defaulters it has identified so far besides seven flats of the exchange's former top officials who were arrested in the case.

CBI might close NSEL probe to avoid multiplicity of agencies

CBI might close its inquiry into alleged irregularities and duping of customers by the National Spot Exchange Limited, which is facing a Rs 5,600-crore payment crisis, to avoid multiplicity of investigations.

Jignesh Shah , Joseph Massey grilled by EOW for threee hours

The economic offences wing Mumbai yesterday grilled Joseph Massey , and Jignesh Shah for around two hours on the 5600 crore NSEL scam.

NSEL fraud: Peons, guards were directors at defaulting firms

At least two of the 27 companies that defaulted in making payments to the beleaguered National Spot Exchange (NSEL) were found to have appointed peons and security guards as "dummy" directors, said an official involved in the probe into Rs 5,600-crore fraud at the bourse.

EOW finds half of NSEL warehouses empty

In a startling development, the Economic Offences Wing (EOW) of Mumbai police, probing the Rs 5,600-crore payment crisis at the NSEL, has found half of the warehouses it raided empty, while four storage building of commodities existed only on paper, a police official said.

NSEL payment crisis: Lookout notice issued against Jignesh Shah

Tightening its noose, the Economic Offences Wing (EOW) of Mumbai police, which is probing the Rs 5,600-crore payment crisis at the National Spot Exchange Limited (NSEL), today issued lookout notices against promoter Jignesh Shah and others named in the case.

EOW claims gathering "crucial evidence" in NSEL probe

As many as 28 warehouses that contained commodities have been sealed, EOW official said.

NSEL probe: EOW summons Shah, Massey, defaulting brokers

Meanwhile, the raids at the residences and offices of the NSEL top brass, brokers and defaulters continued across the country on the third day today.

EOW freezes NSEL bank accounts; exchange defaults 7th time

The economic offences wing (EOW) of the Mumbai police on Tuesday froze bank accounts of crisis-ridden NSEL, which said the action prevents the exchange from making a scheduled payment of Rs 174.72 crore to investors.