Investigations Financial News

Detained Binance executive Tigran Gambaryan has pleaded not guilty to four counts of money laundering charges in Nigeria. 

A crusading Brazilian Supreme Court justice is adding Elon Musk to an investigation over the dissemination of fake news and investigating him separately for alleged obstruction

The Federal Aviation Administration says a Southwest Airlines jet leaving Denver was forced to land after the engine cover fell off and struck the wing flap during takeoff

Boeing CEO David Calhoun is getting compensation valued at $33 million for last year, nearly all of it in stock awards

Royal Bank of Canada fired its chief Financial Officer Nadine Ahn after an internal review concluded that she was in an undisclosed close personal relationship with another employee that violated the bank’s code of conduct.

The Beijing police, in collaboration with the Beijing Branch of the State Administration of Foreign Exchange, has uncovered a series of cases involving the illegal sale of citizen information using crypto.

In a statement posted on social media, Vern’s Holdings expressed regret over the design's shortcomings and clarified that there was no intention to belittle or insult any religion or belief. The company has taken immediate action to stop sales of the shoes and has promised refunds to customers who purchased them.

Congress leader K C Venugopal on Monday said some leaders quit the party the moment they receive notices from Central investigating agencies and 'fall at the feet of BJP and Union government.' Venugopal, who is AICC general secretary (Organisation), however, hailed leaders like Karnataka Deputy Chief Minister D K Shivakumar and said according to him, he defeated the alleged pressure exerted by BJP through various agencies. Citing the example of Shivakumar, he further said the Karnataka Deputy CM was a leader who had shown the courage to continue in the party despite being jailed for no reason by Central agencies. While many other leaders quit Congress when they received notices from Central investigating agencies and surrendered (before the BJP-led Union government), Shivakumar declared the Indian National Congress is his mother and he won't leave the party.

Great India Place (GIP) mall in Noida's Sector 38A on Sunday afternoon. All friends collected constumes, kept their belongings in lockers, and went straight to the slide, a police spokesperson said. When the sliding started, Maheshwari suddenly faced breathing problem, he added.

Trinamool Congress delegation will meet Election Commission officials in New Delhi on Monday to complain about «misuse» of central investigating agencies against TMC leaders and party candidates. The delegation will be led by TMC's Rajya Sabha leader Derek O'Brien and MP Dola Sen is also likely to meet the full bench of the Election Commission. «The BJP is misusing central agencies against us. The way NIA, ED and CBI are working and targeting TMC leaders is shameful. We would request the EC to ensure a level playing field for all political parties,» Sen told reporters at the airport before leaving for New Delhi. The TMC alleged on Sunday an «unholy alliance» between the National Investigation Agency (NIA) and BJP ahead of elections, prompting the central investigating agency to deny any mala fide intention and label the entire controversy as «unfortunate».

Central Board of Direct Taxes (CBDT) has decided to increase the scope of theIncome Tax Department in filing of appeal cases in tribunals and courts. It has been directed by CBDT via a circular dated March 15, 2024, that the tax department can now file appeals with income tax tribunals and courts without considering the tax effect amount for certain specified cases based on the merit of the case. Among the specified cases, one is about penny stocks which falls under the category of cases involving organised tax evasion including cases of bogus capital gain/loss through penny stocks and cases of accommodation entries. «Monetary limits given with regard to filing appeal/SLP shall be applicable to all cases including those relating to TDS/TCS under the Act with the following exceptions where the decision to appeal/file SLP shall be taken on merits, without regard to the tax effect and the monetary limits,» said CBDT in its circular dated March 15, 2024.

Panama Papers Scandal: Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub. The defendants due to go on trial in a Panamanian criminal court include Jurgen Mossack and Ramon Fonseca Mora, the founders of the now-defunct law firm at the centre of the scandal.

ANI, Vallabh had said that he had asked the high command of the Congress to stop criticising Adani Group chairman Gautam Adani. This was after the Adani Group chairman was given a clean sheet by the Securities and Exchange Board of India (SEBI), which had launched an investigation into him over allegations made by US-based short-seller Hindenburg. "The Congress has made a habit of going at Adani and Ambani (Reliance Industries chairperson Mukesh Ambani) night and day.

engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the U.S. FAA to open an investigation. No one was injured and Southwest Flight 3695 returned safely to Denver International Airport around 8:15 a.m. local time on Sunday and was towed to the gate after losing the engine cowling.

money laundering in connection with the «Panama Papers» tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub.

China's electric vehicle companies do not rely on subsidies to gain a competitive advantage and accusations by the U.S. and Europe of «overcapacity» are groundless, Commerce Minister Wang Wentao said on Sunday in Paris. Wang made the remarks at a roundtable meeting of Chinese firms in Paris, where he is set to discuss China's exports of EVs into the European market among other things.

TMC alleged on Sunday an "unholy alliance" between the National Investigation Agency (NIA) and BJP ahead of elections, even as the central agency denied any mala fide intention in its probe and labelled the entire controversy as «unfortunate.» A team of the NIA was allegedly attacked by a mob on Saturday when it went to arrest two main suspects in a 2022 blast case in West Bengal's Purba Medinipur district, sparking a political slugfest with Chief Minister Mamata Banerjee accusing the investigators of assaulting the villagers. Amid allegations of the NIA colluding with the BJP and attacking the villagers at Bhupatinagar, the central investigating agency on Sunday dubbed the entire controversy as «unfortunate» and rejected any allegations of malice in its investigation. TMC national general secretary Abhishek Banerjee said in a post on X, «Experience the unfolding alliance between the NIA and BJP, orchestrating conspiracies against Trinamool leaders and the Model Code of Conduct.»

National Investigation Agency (NIA) on Sunday strongly refuted the allegation of mala fide intention while carrying out raids and arrests in a two-year-old blast case during which its team was attacked by an unruly crowd in West Bengal's Purba Medinipur district. One NIA officer was injured and a vehicle was damaged on Saturday when the NIA team was going to arrest two persons in the Bhupatinagar blast case, in which three persons were killed in December 2022. «The NIA categorically refuted allegations of mala fide in its Bhupatinagar blast case,» an agency spokesperson said. The NIA spokesperson termed the entire controversy «unfortunate» and made it clear that the attack on its team was «completely unprovoked».

TMC attacks them...it's a party that crushes the law and the Constitution of the country...you saw what happened in Sandeshkhali. Everyone in the country knows it," PM Modi said at a rally in Jalpaiguri. NIA officials were allegedly heckled in West Bengal's Purba Medinipur district on Saturday as they continued their investigation in the Bengal 2022 blast case.

Hemant Soren in a money laundering and land grab case, the Enforcement Directorate has used invoices for a refrigerator and a smart TV as evidence. The bills will help the ED in firming its claim that Jharkhand ex-CM acquired 8.86 acres of land worth more than ₹31 crore illegally. The ED obtained the receipts from two Ranchi-based dealers, which revealed that the two items were bought in the name of family members of Santosh Munda, who claimed to be a caretaker of Hemant Soren's property on the said land, reported PTI.