Investigations Financial News

bank loan fraud linked money laundering case against erstwhile Bhushan Steel Ltd (BSL), official sources said Friday. Those taken into custody on Thursday are Pankaj Kumar Tiwari, the former vice president banking of the company, former VP accounts Pankaj Kumar Agarwal, ex-chief financial officer Nitin Johri, Ajay Mittal, the brother-in-law of former promoter Neeraj Singal, and Ajay Mittal's wife and sister of Neeraj Singal, Archana Mittal.

By David Shepardson

Bengaluru CEO Suchana Seth's son murder case have found a crucial piece of evidence: crumpled tissue revealed a six-line note. This note, a crucial piece of evidence, sheds light on Suchana's mental state, indicating that the custody dispute had been weighing heavily on her, Times of India reported, citing investigators. Suchana Seth, the CEO of Bengaluru start-up Mindful AI Lab, is accused of murdering her 4-year-old son in a north Goa apartment. The note was found within the suitcase containing the lifeless body of her four-year-old son. The note, inscribed with an eyeliner, cited coercion from the court and her estranged husband, who, she claimed, pressured her to give up custody of her son. «Court and my (estranged) husband pressurising me to give custody of my son, and I cannot take it anymore,» says the note, written with an eyeliner, according to the report «My ex-husband is violent… he used to teach bad manners to (my) son. I don't want to give even a day's custody to the father.» Investigators disclosed that Suchana sang a lullaby in an attempt to lull her son to sleep before allegedly taking his life. Authorities plan to submit the note for forensic analysis to authenticate the handwriting. In addition, Suchana had been in contact with a parental therapist before the tragic incident, prompting investigators to scrutinize call records for further insights, the report said.

Boeing seems unable to keep up with its rival Airbus The plane manufacturer delivered 735 airplanes, leaving its order backlog at 8,598. Airbus comfortably broke its previous sales record, set in 2014 on a gross basis. The company’s A320neo family of single-aisle aircraft has been particularly successful, but Airbus has also gained momentum with its A350 widebody model.

By David Shepardson

A group of Republican lawmakers from the US House Financial Services Committee has urged Securities and Exchange Commission (SEC) Chairman Gary Gensler to address inquiries concerning the hack of the agency’s X account on January 9, 2024.

Alaska Airlines is canceling all flights on Boeing 737 Max 9 planes until Saturday while it waits for new instructions on how to inspect and fix the planes

A public inquiry into a British Post Office scandal that led to the wrongful convictions of more than 900 branch managers has resumed

Federal officials are investigating Boeing's oversight of production of a panel that blew off a jetliner in midflight last week

A consumer advocacy group filed a lawsuit against Starbucks Wednesday, saying the company’s claim that its coffee is ethically sourced is false and misleading

Federal officials say a preliminary review finds no connection between suicidal thoughts and a new class of diabetes and obesity drugs

Quiver Quantitative — Morgan Stanley (MS) is nearing a settlement of between $200 million and $300 million to resolve a U.S. investigation into its handling of large stock sales, known as block trades. This long-standing probe, which scrutinized the bank's practices that could significantly impact market prices, is set to conclude without criminal charges against the bank. The agreement, which involves federal prosecutors in Manhattan and the Securities and Exchange Commission (SEC), is expected to be announced soon. The penalty will be shared between the Justice Department and the SEC, marking a relief for investors who feared more severe repercussions for one of Morgan Stanley’s key units.

National Investigation Agency (NIA) on Thursday seized several illegal arms and ammunition, along with incriminating documents, digital devices and cash in a massive multi-state crackdown in connection with cases relating to conspiracies and activities of the banned Babbar Khalsa International (BKI) and the Lawrence Bishnoi crime syndicate. A total of 32 locations in Punjab, Haryana, Rajasthan, Uttar Pradesh and Delhi, as well as the Union Territory of Chandigarh, were raided by NIA teams as part of the mega operation that began early Thursday morning, a spokeswoman of the agency said.

(Reuters) — Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a U.S. investigation into its employees' handling of big stock sales, Bloomberg News reported on Thursday.

Stephen Harrison, a British actor based in Thailand, has publicly apologized for his involvement in the  HyperVerse cryptocurrency scandal .

An Ontario mother says her family is “shaken up” but thankfully unharmed after four masked men attempted to break into their house with guns earlier this week.

Also Read: West Bengal: ED officials attacked during raids at TMC leader's house; BJP says ‘democracy failing again..' In its two-and-a-half minute long video, the BJP explained how the investigative agencies have only scratched the surface of the scam, pointing out the involvement of Mamata government in the scam. Notably, a lot of Bengal ministers are facing Enforcement Directorate’s scrutiny for their involvement in the alleged ration scam.

Bengaluru CEO Suchana Seth Case: Goa police plan to revisit the service apartment where Suchana Seth, the CEO of an artificial intelligence start-up, stayed. Seth is accused of killing her four-year-old child.

BEIJING — China's Ministry of Commerce said Thursday the U.S. is weaponizing export controls and using them as a tool.

Bengaluru CEO Suchana Seth Case: In the Suchana Seth case, the ongoing investigation has revealed that a heavy traffic jam resulting from an accident near the Goa border played a crucial role in guiding the police to this Bengaluru woman, who is now facing charges for the death of her child at a service apartment in Goa’s Candolim. The Twist of Fate at Chorla Ghat Stranded for four hours at Chorla Ghat, where the borders of Goa, Karnataka, and Maharashtra intersect, Seth's arrest was made possible due to the delay. Authorities believe that had she reached Bengaluru, recovering the child's body might have posed significant challenges. Custody Battle Reports indicate that Suchana Seth allegedly killed her son over an ongoing custody battle with her estranged husband, Venkat Raman.

The New York Post. Before the flight took off for Dubai, the passenger “boarded the Boeing 747 normally" but he did not take his seat. He jumped off and fell 20 feet to the tarmac.