Investigations Financial News

South Korea’s Financial Services Commission (FSC) has announced a proposal to amend its Enforcement Decree of the Credit-Specialized Financial Business Act, aiming to ban crypto purchases with credit cards.

AAP leaders on Thursday said the alleged Delhi liquor scam was bogus and asserted that Delhi Chief Minister Arvind Kejriwal will cooperate with the ED if it sends «legal» summons to him. Kejriwal, the national convenor of the Aam Aadmi Party (AAP), refused to appear before the Enforcement Directorate in connection with the Delhi excise policy case on Wednesday, calling the summons «illegal» and «politically motivated». AAP leader Jasmine Shah said the investigation into the alleged liquor scam has been going on for the last two years but so far, no recovery has been made as evidence by the ED.

Kejriwal accused BJP of wanting to arrest him and dent his honesty. He further added that his lawyers claimed the summons to be illegal. "The truth is that there was no corruption.

By Tom Balmforth

Arvind Kejriwal on Thursday to join the investigation in the alleged excise policy case. Kejriwal had refused to depose before the ED for the third time on Wednesday, saying the "non-disclosure and non-response approach" of the agency cannot sustain the test of law, equity, or justice and this "obstinacy" of the ED tantamounts to assuming the role of judge, jury, and executioner. Security tightened outside Kejriwal's residence amid claims of possible arrest At present, the anti-money laundering agency is examining Kejriwal's five-page reply sent to them yesterday.

BSE. In the one week period, Adani Ports share price has rallied more than 9%.

The South Korean gaming firm WeMade has been hit with a $41 million tax bill for its crypto-related activities.

Hindenburg Research's allegations of fraud, misgovernance and stock price manipulation. It said the Securities and Exchange Board of India (Sebi) was conducting a «comprehensive investigation» that «inspires confidence.» It asked the regulator to complete investigation within three months. Sebi has, so far, completed its Supreme Court-ordered probe into 22 of 24 items. The apex court also asked the Centre and Sebi to constructively consider suggestions of the six-member expert committee headed by former Supreme Court judge AM Sapre, and take further action to strengthen the regulatory framework, protect investors and ensure the orderly functioning of the securities market.

By Ted Hesson and Susan Heavey

By Tim Hepher, Allison Lampert, David Shepardson and Valerie Insinna

Supreme Court on Wednesday delivered its judgment on a cluster of petitions seeking an 'independent investigation' into allegations, levelled by US short-seller Hindenburg Research, related to stock manipulation and accounting fraud against the Adani group of companies. By refusing to transfer the ongoing Sebi probe to a special investigation team (SIT), the apex court has backed the domain authority of the markets regulator and reposed faith in it to see the matter to a conclusion. Any closure, as the court reminded, to the ongoing investigation would come after Sebi completes its investigations, for which it has now got an extended deadline by three months.

Todd Phillips' 'Joker,' the narrative delves into the origins of the iconic villain, portrayed by Joaquin Phoenix in the role of Arthur Fleck. While Fleck was initially shown as a mentally unstable individual, he eventually became Gotham City and Batman's most deadly adversary. A prominent theme in the film revolves around the complex relationship between Arthur and Thomas Wayne, raising intriguing questions, such as the possibility of Bruce Wayne's brother being the Joker.

Saluja has not been issued any additional stock options of Religare Finvest, rebutting a call for an investigation by the Burman family into the alleged allotment of 8 per cent stake through Employee Stock Ownership Plans (ESOPs) in violations of rules. In a statement, Religare Enterprises Ltd (REL) said the approval sought at the AGM of RFL (Religare Finvest Ltd) held on September 26, 2023 was to seek enabling approval of shareholders for the proposed grant of ESOPs of RFL to Rashmi Saluja under the RFL ESOP Plan 2019. RFL is a subsidiary of Religare Enterprises.

Japan Airlines Co. passenger jet, based on a transcript of Tuesday’s incident at Tokyo’s Haneda Airport. The readout of communications just prior to the crash was released Wednesday by Japanese officials in Tokyo.

Delhi High Court Wednesday refused to put a stay on the bail order passed by a lower court, releasing the three Vivo executives, including its Interim chief executive, after the enforcement directorate appealed against it on Tuesday. The court, while hearing the matter, observed that there are now sufficient safeguards in place to prevent the three executives that includes Chinese national and chief executive Hong Xuquan, chief financial officer Harender Dahiya and tax consultant Hemant Munjal from absconding. Further, to allay the apprehension of the ED, the court ordered the three to appear at the ED office everyday till the high court hearing comes up.

V Senthil Balaji, arrested by the Enforcement Directorate (ED) last year in a money laundering case, on Wednesday moved a city court seeking bail. Principal Sessions Judge S Alli, before whom the bail petition filed by Balaji came up for hearing, posted to January 8, further hearing of the case, after ED's counsel N Ramesh sought time to file a counter affidavit. In his petition, the DMK leader submitted that the Enforcement Directorate was not able to identify and cannot identify the ill-gotten sources of income as the same remain unavailable or the petitioner has no other source of income than the disclosed one.

Burman family spokesperson on Wednesday issued a statement regarding the allotment of approximately 2.14 crore shares, constituting ~8% of Religare Finvest Limited (RFL), to Rashmi Saluja through Employee Stock Ownership Plans (ESOPs). The largest shareholder of Religare Enterprises Limited (REL) has said that the matter requires investigation in terms of compliance with SEBI Takeover Regulations. On Wednesday, ET had reported that a day after the Burman family announced an open offer to buy more shares to take control of the financial services conglomerate, Rashmi Saluja, executive chairperson of the company, acquired around 8% stake in its wholly-owned shadow bank Religare Finvest Limited (RFL), through an Employees Stock Option Plan (Esop) award. «It is unfortunate that a solitary executive has cornered significant quantum of remuneration through ESOPs at Religare Enterprises Limited (REL), Care Health Insurance Limited, and RFL, all without approval and requisite disclosure to REL shareholders,» the spokesperson said.

Harvard President Claudine Gay announced her resignation on Tuesday, merely six months into her tenure. The decision comes amid allegations of plagiarism in her academic work and scrutiny from congressional lawmakers over her handling of antisemitism on campus during the Israel-Hamas conflict. Claudine Gay, Harvard's first Black president, expressed the difficulty of her decision in a statement, noting, «This is not a decision I came to easily.» After consulting with the Harvard Corporation, she concluded that resigning is in the best interests of the institution.

Multiple investigations are underway after two patients died in separate incidents in the emergency room of a Montreal-area hospital last week.

The Criminal Investigation Unit of the Internal Revenue Service (IRS:CI) noted an increase in digital asset tax investigations due to cryptocurrencies becoming more mainstream, according to the IRS:CI’s annual report released Monday.

SHENZHEN, China (Reuters) — No new infectious diseases have been found so far in investigations of respitory illness, Mi Feng, an official with China's National Health Commission said in a press conference on Saturday.