On Thursday, a day after it registered the FIR, the CBI conducted searches at four locations — the Mumbai and Aurangabad offices of Videocon Group and offices of Nupower Renewables and Supreme Energy in Mumbai.
The income tax (I-T) department has provisionally attached the Alibaug farmhouse of actor Shah Rukh Khan under the new Benami Transactions (Prohibition) Amended Act, 2016, two senior tax officials familiar with the developmen
Some of the money coming into the market through P-notes could be the unaccounted wealth camouflaged under the guise of foreign institutional investor (FII) investment. SIT report said obtaining information on “beneficial o
After The Indian Express published the list of names, the Income Tax department sent queries to several individuals as a part of its investigation. Several Indians named in The Panama Papers have claimed that the offshore acc
Kingfisher has come under the scanner of multiple investigative agencies, including the CBI, Special Frauds Investigation Office (SFIO) and service tax department, after it defaulted on loans of over Rs 7,000 crore borrowed f
IN A new twist to the Kingfisher Airlines loan default case, the Serious Frauds Investigation Office (SFIO) has issued notices to 17 companies that lent money to the now-defunct airline after they themselves borrowed from ban
The 190-page order, reviewed by The Indian Express, has also upheld the penalty of an equal amount of Rs 323 crore imposed by the excise department — taking the firm’s total liability to over Rs 646 crore.
THE CBI has raised concerns over the high valuation of the Kingfisher Airlines brand by its lenders and questioned them on why they used it as collateral while extending loans to the Vijay Mallya-promoted company.
In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs
Even as public sector banks struggle to auction the properties of Century Communication Ltd, a company that has defaulted on loans of over Rs 2,000 crore, an investigation has found that the promoters of the company used fake
While e-commerce boom has been able to attract billions of dollars of investment from global funds and industrialists like Ratan Tata, the next round of action could well be in the personal loan segment.