Rashmi Rajput

  • UBL to snap ties with global distributor over ‘Mallya link’

    UBL to snap ties with global distributor over ‘Mallya link’

    Liquor co may start exporting directly through parent Heineken’s global distribution net. According to sources, ED is investigating at least five companies in India and overseas for their alleged association with embattled liquor baron Vijay Mallya. On July 24, the ED had raided Ultimate Branding Worldwide, run by Mallya’s former executive assistant V Shashikant.

    Iqbal Mirchi PMLA case: Dheeraj Wadhawan, 15 others in ED chargesheet

    Iqbal Mirchi PMLA case: Dheeraj Wadhawan, 15 others in ED chargesheet

    The agency is probing alleged illegal purchases of certain properties of the Sir Mohammad Yusuf Trust at Worli, in south-central Mumbai, by Mirchi; ED believes the purchases are “proceeds of crime, and were later sold by Mirchi to two builders through agents.

    MCA plea to reopen CG Power books likely

    MCA plea to reopen CG Power books likely

    According to a person in the know, the MCA’s probe has indicated a suspicious diversion of more than Rs. 2,000 crore by certain erstwhile directors and key managerial executives.

    PNB fraud: PMLA court declares Nirav Modi as fugitive economic offender

    PNB fraud: PMLA court declares Nirav Modi as fugitive economic offender

    Nirav is the second businessman after Vijay Mallya to be declared a fugitive economic offender under provisions of the new Fugitive Economic Offenders Act, which came into existence in August last year. Nirav and his uncle Mehul Choksi are the prime accused in PNB fraud case, related to alleged fraudulent issuance of LoU that caused a loss of over $2 bn to the PSB.

    Police shares findings on PMC’s arrested auditors with ICAI

    Police shares findings on PMC’s arrested auditors with ICAI

    According to the police, Rakesh and Sarang Wadhawan of real estate firm HDIL, who are among the accused in the case, had allegedly tampered with the bank’s core banking solution to operate 44 password-protected accounts. Overdrafts disbursed by the bank to these accounts eventually made it to the accounts held by HDIL or its promoters, the police had alleged.

    Agencies suspect Jet owners siphoned Rs 8k cr via bogus bills

    Agencies suspect Jet owners siphoned Rs 8k cr via bogus bills

    Investigators specifically probing the role of Goyal in alleged irregularities at what was once the country’s largest airline are looking into more than 5,000 bills raised by operation creditors, including aircraft lessors, maintenance agencies and general sales agents (GSAs). They suspect most were bogus and raised through entities related to Goyal or associates.

    Taxman seeks investment details of Mauritius co in NuPower

    Taxman seeks investment details of Mauritius co in NuPower

    The tax department wants to ascertain whether the Rs 49.9 crore invested by Mauritius-based Firstland Holdings in 0.001% compulsory cumulative preference shares issued by NuPower Renewables was a genuine transaction.

    Probe against 77 netas hits audit hurdle

    Probe against 77 netas hits audit hurdle

    Both Mumbai Police and the Enforcement Directorate (ED) are are probing allegations pertaining to loans sanctioned by MSC Bank and investigating the actions of more than 70 politicians— 50 from the Nationalist Congress Party (NCP), including its chief Sharad Pawar and his nephew Ajit Pawar, 9 from the Congress, 2 from the Shiv Sena and 1 from BJP

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