Category: Corruption

The Laundromat based on the Panama Papers to premiere at Venice

Newsroom24x7 Network The Laundromat based on the Panama Papers is set for its world premiere at the upcoming Venice International Film Festival. The Laundromat will premiere on September 1 at the prestigious Italian festival, ranked beside Cannes and Berlin among the ‘Big Three’ in the world. Laundromat ‘s A-List cast includes Meryl Streep, Antonio Banderas,

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CBI raids homes and offices of senior lawyers Indira Jaising and Anand Grover in foreign funding case

Newsroom24x7 Network New Delhi: The Central Bureau of Investigation has today conducted searches at five locations in Mumbai and Delhi at the premises including office & residence of accused in an ongoing investigation of a case. Certain incriminating documents have been recovered during searches. It is learnt that raids have been conducted at the residence

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CBI tightens noose in alleged illegal sand mining cases related to Uttar Pradesh

Illegal sand mining (representative image © Lalit Shastri)

Newsroom24x7 Network New Delhi: CBI conducts searches at 12 locations in 8 cities/districts of Uttar Pradesh in alleged illegal sand mining cases; huge cash recovered The Central Bureau of Investigation has registered two separate cases related to alleged illegal sand mining in Uttar Pradesh and conducted searches at 12 locations in 8 cities/districts of Uttar

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Compulsory retirement and sword of prosecution haunts the wayward civil servants and bankers

Newsroom24x7 Network New Delhi: After a thumping victory in the general Elections to Parliament, the Narendra Modi led NDA Government has started its second consecutive term in power at the Centre by giving the clear message that it will not tolerate the poor performers and the wayward in the all India services who fail to

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Investigations have led to detection of more than Rs. 11000 crore of credits in undisclosed foreign accounts: CBDT

Newsroom24x7 Network New Delhi: In the offshore accounts linked to around 700 Indian persons, as revealed by International Consortium of Investigative Journalists (ICIJ) from April 2013 onwards, sustained investigations conducted in these cases have led to detection of more than Rs. 11,010 crore of credits in the undisclosed foreign accounts so far. Moreover, in the

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Fictitious transaction of sale of property in Delhi: Banks and financial institutions cheated

Newsroom24x7 Network New Delhi: Delhi Police have registered a case of serious economic offences against few persons accused of have dishonestly and fraudulently, in conspiracy with each other and some other unknown persons have cheated multiple banks and financial institutions, including Aditya Birla Housing Finance Limited  (ABHFL),  Syndicate Bank, Canara Bank, Axis Bank, Indian Bank,

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Delhi EOW registers FIR against Directors of VXL realtors

Newsroom24x7 Network New Delhi: Economic Offences Wing (EOW) of Delhi Police have conducted a preliminary inquiry on a complaint of cheating, disappropriation of fund, criminal breach of trust and criminal intimidation and registered an FIR under Sections 409/420/467/468/471/120B of Indian Penal Code against directors of VXL Realtors Private Limited. EOW has registered the FIR on

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Shady players, aviation scam and the boom and bust of airlines in India

Lalit Shastri The fate of now closed Kingfisher Airline, Air India’s huge debt burden and the latest grounding of Jet Airways raises several burning questions. The merger of Indian Airlines with Air India and the reckless acquisition of aircraft by these airlines ahead of their merger and many related issues has put the former Union

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After Income Tax raids against Kamal Nath aides, Madhya Pradesh EOW registers FIR against “unknown” officers and politicians

Newsroom24x7 Network Bhopal: Close on the heels of the Income Tax Department raids on offices and residential premises of the aides and nephew of Madhya Pradesh Chief Minister Kamal Nath and the Congress allegation that the Narandera Modi Government was using the Income Tax department to take political mileage in the general election by defaming

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IT raids detect well organised slush money racket of persons in business and politics

Newsroom24x7 Network New Delhi: On the basis of credible information of large scale collection, possession and movement of unaccounted assets, Delhi Directorate of Income Tax (Investigation) initiated search and seizure action on a group in NCR, Bhopal, Indore and Goa early on Sunday morning. According to Y. D. Sharma, Commissioner of Income Tax (Media &

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Income Tax Department raids properties of Kamal Nath’s close aides and nephew

Newsroom24x7 Network New Delhi/Bhopal: Income Tax department sleuths early this morning launched a massive search and seizure operation covering houses and properties belonging to Madhya Pradesh Chief Minister Kamal Nath’s close aides Praveen Kakkar and RK Miglani and his nephew Ratul Puri at different places across the country. Till this afternoon, unconfirmed reports said that

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Nirav Modi arrested in London

Newsroom24x7 network London: India’s fugitive diamond merchant Nirav Modi was arrested after his bail plea was rejected by the Westminster magistrate’s Court today. Modi, who is wanted by India’s Enforcement Directorate (ED) in connection with a massive Rs. 14000-crore loan fraud connected with a Mumbai branch of Punjab National bank, was arrested from central London.

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Haryana land acquisition scam: CBI registers case against Bhupinder Singh Hooda

Newsroom24x7 Network New Delhi: The Central Bureau of Investigation has registered a case U/s 120-B r/w 420 of IPC & 13(2) r/w 13(1)(d) of PC Act against Bhupinder Singh Hooda, former Chief Minister of Haryana, who was Minister in charge of Town & Country Planning; then Chief Administrator, HUDA/Director, Urban Estate, Town & Country Planning

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CBI registers case against former MD & CEO OF ICICI Bank Chanda Kochhar & others

Newsroom24x7 Network New Delhi: The Central Bureau of Investigation has registered a case against the then MD & CEO of ICICI Bank; two Managing Directors of separate private companies based at Mumbai (Deepak Kochhar, Husband of Chanda Kochaar and Videocon group boss Venugopal Dhoot ; four Mumbai based private companies and other unknown private persons

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