Investigations Financial News

investigator at the antitrust regulator will get more time to submit the probe report in cases where the watchdog finds a prima facie violation of competition norms, according to the draft amendments to the Competition Commission of India (CCI) General Regulations, 2009.

It seemed like a typical dispute between a company and a former employee: Toronto-Dominion Bank sued wealth adviser Gregg Desmarais last month, claiming he and a colleague “abruptly” resigned and violated their contracts by luring away clients with millions of dollars of assets to competitor Raymond James Financial Inc.

insider trading, sent abusive responses to market regulator Sebi, following which he attracted a fine of Rs 20 lakh. Rajat Mishra, the notice in the matter, replied to Sebi in the offensive phrase — «Notice de rxxe ho ya bxxxk mxxxg rxxe ho.»

Kangana Ranaut slams Bollywood's silence over ‘slap’ incident in now-deleted Insta posts: ‘Be ready for the day...’The 2011 movie was Chirag's only movie. It starred him as a tennis player and Kangana as the woman he falls for.Earlier, Chirag said he was eager to meet Kangana again.

Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million as the company looks to speed up its cryptocurrency expansion globally

U.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom, according to people familiar with the pending actions

Federal investigators say an air traffic’s controller’s faulty assumption nearly caused a runway collision at a Texas airport last year

More than 1.2 million rechargeable lights are under recall in the U.S. and Canada following a report of one consumer death

A critical reporting tool used by Canada’s anti-money-laundering watchdog has been offline for three months creating an intelligence gap that experts say could hamper criminal or national security investigations.

Joshua Wright, the tech industry’s indispensable fixer, was summoned to his boss’s office in late 2019 and asked a question that set the course for his fall. Was he having an affair with a young associate? The answer had consequences for more than just Wright. The law firm of Wilson Sonsini Goodrich & Rosati, based in Silicon Valley, had long defended Google, Qualcomm and other corporate giants from unwanted regulation.

Prajwal Revanna's mother, Bhavani Revanna, in a case filed against her on Thursday, reported Bar and Bench. However, the court has asked Bhavani to ensure cooperation with the probe and not enter Hassan district or KR Nagar in Mysore.On June 1, the Special Investigation Team (SIT) had issued a notice to Bhavani asking her to be present at her home as there was a need to question her in the kidnap case linked to allegations of sexual abuse against her son.

Pune Police have booked the father and grandfather of a teenager involved in the Pune May 19 car accident case, in a separate case of abetment of suicide of a local businessman's son, officials said on Friday.

Pune police have filed charges against the father and grandfather of the juvenile involved in the May 19 Porsche car crash, and three others in a separate case related to the abetment of suicide of a businessman's son in the cityPTI reported, citing authorities, that D S Kature, a construction business owner in Pune's Vadgaon Sheri vicinity, lodged the complaint against Vinay Kale. Kature's son, Shashikant Kature, borrowed money from Kale for construction.Also Read: Pune Porsche crash: I was drunk so…, What teen revealed during police interrogations“After he could not pay the loan on time, Kale allegedly started adding compounding interest to the principal amount and harassing Shashikant Kature.

Congress leader Rahul Gandhi on Thursday demanded a Joint Parliamentary Committee (JPC) probe into major stock market boom on the eve of election results and the massive crash on day of election results on June 4, leading to lakhs of people losing their money.

Fines against Toronto-Dominion Bank tied to U.S. money-laundering probes may total as much as US$4 billion following fresh allegations involving the lender, according to Jefferies Financial Group Inc. analysts — double previous estimates of the potential impact on Canada’s second-largest lender.

international-brand life savings fake cancer/diabetes medicines worth crores of rupees.The officer further said that the cyber cell of the crime branch recieved information regarding the sale of spurious and unregistered lifesaving drugs in the Delhi NCR area."On April 4, a raid was conducted at Shree Ram International Traders in Bhagirath Palace where stock of various imported drugs along with other trade stock worth almost ₹1.5 crore was found," the officer said.Police seized the stock and revealed that the owner of the shop, Arya, was selling spurious lifesaving drugs."Another raid was conducted at a separate medicine vendor in Daryaganj. During the search, suspicious stock of various imported drugs along with other trade stock worth around ₹2.5 crore were found," the DCP said.Police said the seized medicines were not authorised for sale and distribution in India.Police said that during the investigation, it was revealed that the syndicate is being operated in connivance with foreign nationals.

prosecute six persons under the stringent Unlawful Activities (Prevention) Act for their alleged involvement in the Parliament security breach incident, Raj Niwas officials said on Thursday. In a major security breach on the anniversary of the 2001 Parliament attack, two persons had jumped into the Lok Sabha chamber from the public gallery and opened canisters that emitted a yellow-coloured smoke, triggering panic among the MPs on December 13 last year.

Special Investigation Team (SIT) custody of former JD(S) MP Prajwal Revanna, who is facing charges of rape and sexual abuse against several women. He was produced before the special court for elected Representatives which had on May 31 remanded him to SIT custody till June 6.

₹1.48 crore for violating Companies Act, 2013 by marketing unlisted non-convertible debentures (NCDs) on social media. The ministry order was issued on 3 June, months after Sebi barred the company from the securities market pending an investigation into allegations that it made money through unauthorised investment schemes. The fine was issued under Section 42(7) of the Companies Act, 2013, which says, “No company issuing securities under this section (read: unlisted securities) shall release any public advertisement or use any media, marketing or distribution channels or agents to inform the public at large about such an issue." Founded by Rituraj Sharma and Krishnna Joshi, Growpital’s business model was straightforward: pool money from retail investors into a limited liability partnership (LLP) company they operated, use that money to lease agricultural land and engage in farming, and give investors the tax-free returns they were promised.

Delhi court on Thursday granted bail to Supertech chairman and promoter R K Arora in a money laundering case. Additional Sessions Judge Devender Kumar Jangala granted relief to Arora, noting that there was no likelihood of him evading the trial or influencing the investigation.

New York Times report.The Justice Department and the Federal Trade Commission (FTC) finalized the deal over the past week, with completion expected in the coming days. According to two sources familiar with the matter, who requested anonymity due to the confidential nature of the discussions, the Justice Department will lead the investigation into Nvidia, the top maker of AI chips.