Investigations Financial News

Enforcement Directorate said on Saturday that it conducted searches on several premises linked to Religare Finvest Ltd (RFL), in connection with an ongoing probe into alleged misappropriation of more than ₹2,000 crore by the former promoters of the financing company's parent, Religare Enterprises Ltd. The ED, which is investigating the money-laundering aspect of the case, said it searched nine locations in the National Capital Region on Friday and Saturday, covering the corporate offices of RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hillgrow Infrastructure Pvt Ltd, Dion Global Solutions and Prius commercial. In a regulatory filing, Religare Enterprises said RFL had made a request to the ED to expedite the probe. RFL has also promised its lenders that it would make «all possible efforts» to recover the siphoned off funds, a Religare Enterprises spokesperson told ET, adding that RFL had commissioned a forensic audit to trace the assets and money trail. The Enforcement Directorate's money laundering case against erstwhile Religare promoters Malvinder and Shivinder Mohan Singh, and its former chairman and managing director Sunil Godhwani, is based on a case registered by the Delhi Police's Economic Offences Wing. The ED had arrested the Singh brothers and Godhwani in October 2019.

Enforcement Directorate officials at Sandeshkhali in the North 24 Parganas district. The officials were in Sandeshkhali to raid Trinamool Congress leader Sheikh Shahjahan's residence over the PDS case, where ration to be distributed through the public distribution system had been allegedly diverted, causing losses to beneficiaries and the government. Meanwhile, the ED arrested former Bongaon Municipality chairman Shankar Adhya early on Saturday in the PDS case after questioning him for 17 hours. On Friday, three ED officers suffered injuries when a mob attacked them with «an intention to cause death», the central investigative agency said in an FIR.

Bhupesh Baghel on Saturday alleged the Enforcement Directorate has mentioned his name in its supplementary charge sheet in the Mahadev betting app case as part of a "political conspiracy" at the behest of its «political masters». The Congress leader also alleged the federal agency has been fraudulently arresting people and pressuring them to give statements against him and his associates. The ED in its second prosecution complaint (charge sheet) filed before a special court in Raipur on January 1 stated that alleged courier Asim Das, arrested in the Mahadev betting app case, who claimed he had been sent to «deliver» cash to Bhupesh Baghel, has retracted his denial of having made the charges.

₹2,000 crore from Religare Finvest Ltd (RFL), people familiar with the development said on Saturday. The searches, ED officials said, continued into the early hours of Saturday, with several incriminating documents recovered and large scale “proceeds of crime" identified. Religare, however, said that these raids were initiated following a complaint by the company itself.

Canadian Police may have been able to identify a vehicle that was responsible for the shooting at the residence of the son of the president of a local temple in the town of Surrey in British Columbia on 27 December. The incidences of violence, and defacing Hindu holy shrines, have surged in Canada after tensions simmered between Delhi and Ottawa over pro-Khalistan activities. According to a Hindustan Times report, the Surrey detachment of the Royal Canadian Mounted Police (RCMP) said that its “General Investigation Unit has been working to advance the investigation and a vehicle of interest has been identified." The report says the vehicle is believed to be a blue, 4-door hatchback, Mitsubishi Mirage GT or SE between the model years 2017 and 2019.

Police are investigating the fires in Gazipur, on the outskirts of capital Dhaka, but suspected that wrongdoers aiming to disrupt Sunday's election had set fire to the schools in the middle of the night.

The latest instalment of a docuseries exploring the identity of Ukrainian orphan Natalia Grace, whose adoptive parents claimed was actually an adult woman and terrorized their family from 2010 to 2013, has proven her true age but also left audiences with even more unanswered questions about the young woman.The Curious Case of Natalia Grace: Natalia Speaks is the follow-up to the 2023 docuseries that zeroed in on Natalia’s adoptive parents, Kristine and Michael Barnett, who were charged with multiple counts of neglect and accused of abandoning Natalia at a rented Indiana apartment in 2013 and moving to Canada.The Barnetts previously claimed that Natalia was not six years old when they adopted her in 2010, but rather said she was a 20-year-old sociopath who tried to kill them.Natalia, who has a rare form of dwarfism called spondyloepiphyseal dysplasia congenita, has always maintained that she was indeed a child and was mistreated by her adoptive parents.Now, however, Natalia’s claims about her age have been proven.According to People, a DNA blood test, the results of which were revealed in the first episode of the series earlier this week, found that Natalia is approximately 22 years old — suggesting that she was 9 when she was adopted by the Barnetts.“This one little piece of paper throws every single lie that the Barnetts has said right into the trash with a match,” Natalia said in the premiere episode.“This is so big. Because literally, this has been 13 years of just two people lying their butts off.

review–one must wait for a ruling first to challenge it. The petitions were premature considering that the Securities and Exchange Board of India is yet to conclude all its investigations into the allegations on the Adani Group. The Supreme Court has rightly refused to intrude into what is manifestly the territory of the markets regulator, as well as other agencies and regulatory bodies charged with looking into charges of financial or accounting fraud.

Jeffrey Epstein, providing yet more detail about the late millionaire financier's sexual abuse of underage girls and interactions with celebrities. The latest round of documents included additional excerpts of testimony from people who worked for Epstein, copies of phone messages he received — including one from film producer Harvey Weinstein — and lots of legal memos with lawyers discussing who could potentially have been called as a witness in his case, if it ever went to trial.

Mumbai Police receive threat of blasts ahead of New Year, investigation underway Based on the complaint filed by the museum management, an offence under section 505 (1) (b), 506 (2), 182 of the Indian Penal Code was registered against unidentified persons at Colaba police station. An investigation into this matter is underway.

Karnataka High Court after the state government dropped the CBI case against Deputy Chief Minister DK Shivakumar. The High Court is hearing the plea filed by Bharatiya Janata Party (BJP) MLA Basangouda Patil Yatnal challenging the state government's withdrawal of consent for the CBI probe. The Congress-ruled Karnataka government, in November, approved a proposal to withdraw the CBI probe against DK Shivakumar in the alleged disproportionate assets case. Talking about the state cabinet's nod to the proposal, Congress leader and Karnataka Law Minister HK Patil said the former BJP-led state government's decision to hand over the case to CBI was «not in accordance with the law». This decision triggered a massive political fight in the state between the BJP and the Congress with the former criticising the state cabinet's decision as «totally illegal». Karnataka BJP chief BY Vijayendra urged Shivakumar to trust the legal process and not support such cabinet decisions and demanded that the Chief Minister revoke this decision. «The decision taken by the state cabinet pertaining to DK Shivakumar's disproportionate assets case The decision of the cabinet is totally illegal under the Constitution. I request our deputy CM, DK Shivakumar, that if you have faith in the legal process and legal remedy, then please don't entertain such decisions taken by the cabinet...I demand CM take back this decision.

A top federal transportation safety official is harshly criticizing Washington's regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service

Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China to fix problems with their automatic assisted steering functions and door latch controls

Commentators who joked on a Polish right-wing television station that migrants should be sent to Auschwitz or be tattooed or microchipped like dogs are facing widespread condemnation

Hueiyen Lanpao, a vernacular daily in Manipur, was detained by Imphal police on Friday. The reason behind his detention remains unknown so far. Police sources said that the detention is likely due to the news publication by the media house pertaining to the ongoing situation in Manipur. Recently a court in Imphal granted bail to senior editor Wangkhemcha Shamjai, who was arrested for publishing an alleged incendiary report recently in his paper, Kangleipakki Meira, a vernacular evening daily. Imphal police had arrested Shamjai, former president of the All Manipur Working Journalists’ Union (AMWJU), an umbrella body of the scribes of the state.

Reacher season 2 episode 7 is releasing soon. On December 15, Reacher season 2 premiered on Amazon Prime Video with the return of Alan Ritchson as the official hero from the Reacher books by Lee Child Jack, along with a triple header. After the premiere, the behemoth of 6'5", captured the limelight every week, throughout the 2023 end, among his 110th Special Investigators Unit.

Mizoram chief minister Lalduhoma said that Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but not interested in mass tourism. Merchants' Chamber of Commerce & Industry (MCCI) organised a Felicitation & Interactive Session of the new Mizoram chief minister in Kolkata. He said, “Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but is not interested in mass tourism”. He said that Mizoram is the second largest producer of bamboo in Northeastern India and second largest producer of strawberries in India. It is a gold mine for researchers seeking out medicinal and aromatic plants.

DRI) to look into the allegations of over-invoicing of equipment by Adani Power will not apply till the Supreme Court decided a review petition filed in a related case. A Division bench comprising justice Suresh Kumar Kait and Neena Bansal Krishna noted that Adani Power’s submissions that the department (revenue) has filed a review in the SC. “Accordingly, till then, direction given in paragraph 52 (directing the CBI to look into over invoicing allegations) shall not be applicable in case of Adani Power,” it said. A review petition filed by the Revenue department against dismissal of its appeal last year is pending before the apex court.

Fool Me Once has concluded its season, leaving viewers on the edge of their seats regarding the fate of Richard Armitage's character, Joe Burkett. Was Joe dead or alive by the end of the series? This article contains spoilers for Fool Me Once's season finale, so proceed with caution.

government on Friday said it will revamp the standard operating procedures for tunnel construction after an expert panel found many shortcomings in the under-construction Silkyara tunnel, which collapsed in November last year, leaving 41 workers stranded for more than two weeks. At a press briefing, Road Transport and Highways Secretary Anurag Jain said the Silkyara tunnel project in Uttarkashi is still workable, and the government will not abandon it. An experts' panel to investigate the collapse of a portion of the under-construction Silkyara tunnel has pointed out many shortcomings in the project, he added.

After a roller-coaster ride on the wealth rankings last year, Gautam Adani is back to being Asia’s wealthiest person days after India’s top court said no new probes were needed into Hindenburg Research’s bombshell allegations against the tycoon’s conglomerate.