Investigations Financial News

Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. The regulator, in its extensive investigation, found that the company has transferred the fund among promoters, directors, and their relatives under the guise of legitimate trade activities. The deadline for retrieving the money will be within 45 days from the order.

Hannah Kobayashi, a Maui-based artist known for her mandala and geometric designs, began her journey on 8 November, flying from Maui to Los Angeles International Airport. She was scheduled to catch a connecting flight to New York City but never boarded. Police reported that Kobayashi had expressed a desire to «step away from modern connectivity» before her trip. Lt. Douglas Oldfield of the Los Angeles Police Department (LAPD) added, “Her social media posts suggested she wanted to disconnect from her phone.” After leaving the airport without her phone, Kobayashi visited several locations in Los Angeles, including The Grove shopping area and Union Station. She was last seen crossing the US-Mexico border on 12 November with her luggage.

Investigators are searching for clues that could help them identify the masked gunman who killed the leader of one of the largest U.S. health insurance companies on a Manhattan sidewalk, then disappeared into Central Park

UnitedHealthcare CEO Brian Thompson allegedly left a cryptic message engraved on the bullet used to murder him, according to a report by the New York Post. The masked gunman, who fatally ambushed Thompson on a Manhattan sidewalk, disappeared into Central Park and remains at large. The 50-year-old executive was killed early Wednesday morning while walking to the company’s annual investor conference at a Midtown Hilton hotel, located near prominent landmarks like Radio City Music Hall and the Museum of Modern Art. Sources cited by the New York Post claimed that the words “deny,” “depose,” and “defend” were engraved on live rounds and shell casings left behind. Police recovered three live 9-millimeter rounds and three discharged casings from the crime scene.

Calgary police have charged a former member of the force with breach of trust and misuse of a computer system, following a 16-month-long investigation.

A Quebec man who police allege is the head of the street gang Blood Family Mafia is now the latest fugitive to Canada’s Top 25 most wanted list.

A U.S. Senate subcommittee has held a hearing to question the growing use of airline fees to charge passengers for things like early boarding and better seats

public sector banks (PSBs), other ministries and investigating agencies, including Central Bureau of Investigation (CBI), for expeditious and effective investigation in bank fraud cases. In a statement the finance ministry noted that enhance inter-departmental cooperation among different departments, CBI and PSBs for expediting investigation will have salutary deterrent effect and is likely to further catalyse resolution of stressed banking assets. «All measures were discussed for expeditious investigation in bank fraud cases,» it said noting that amendments made to Prevention of Corruption Act, 1988, to prevent investigation and prosecution of bankers for bonafide decisions has had a positive impact.

UnitedHealthcare CEO Brian Thompson has been fatally shot outside a hotel in midtown Manhattan

Brian Thompson, the 50-year-old CEO of UnitedHealthcare, was shot dead outside the New York Hilton Midtown hotel on Wednesday morning, according to police reports, as told to the NY Post. The shooting took place at around 6:46 a.m. as Thompson was arriving early for an investor conference hosted by UnitedHealth Group, the parent company of UnitedHealthcare.

U.S. officials are urging telecommunication companies to boost network security following a Chinese hacking operation that gave officials in Beijing access to the private texts and phone conversations of Americans

Naresh Bhatt, has been indicted on charges of murder and concealing a body after the disappearance of his wife, Mamta Kafle Bhatt, 28, from Nepal. Mamta was last seen on July 29, and her body has not been recovered, but disturbing evidence suggests foul play. A grand jury in Prince William County has charged Bhatt with murder, defiling a body, and concealing evidence following a thorough investigation.

Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. «On the face of it you are a corrupt person. Crores of Rupees were recovered from your premises. What message do you want us to send to society? That corrupt person can get bail like this?» the bench told senior advocate Mukul Rohatgi, appearing for Chatterjee. Rohatgi said except for his client all other co-accused persons were granted bail in the case, the latest being a week ago.

Subscribe to enjoy similar stories. SEOUL—A day after declaring martial law, South Korea’s president is now facing the prospect of impeachment, creating more political instability for a close U.S. ally.

Delhi High Court, while preventing the police from arresting activist Nadeem Khan, who was accused of "promoting enmity" through a viral video, stated on Tuesday that the country's unity is «not so fragile» and emphasized the need for greater trust in the intelligence of the common people. «We are in a democratic country… The common man isn't so fragile that merely one exhibition will shake his conviction,» Justice Jasmeet Singh said. «The country places great pride in our fundamental rights. Article 19(1)(a) is to be protected.»

Jamie Lee Komoroski, the South Carolina woman who admitted to drinking and driving more than twice the speed limit when she crashed into a golf cart and killed a bride last year, will now spend up to 25 years in prison.

The federal government has closed its investigation into an E

Hero Electric on Wednesday moved the Delhi High Court challenging the Ministry of Corporate Affairs' order for a Serious Fraud Investigation Office (SFIO) probe into allegations of fraudulent availing of subsidies under the FAME-II scheme. The Ministry of Heavy Industries previously directed Hero Electric to refund Rs 130 crore in subsidies, claiming the company violated the conditions of the scheme. During the hearing on Wednesday, Justice CD Singh instructed Hero Electric to engage with ministry officials to resolve the issue amicably. In the interim, the court directed the government not to proceed with any action against the company until it submits a report on the resolution efforts.

Bangladesh organised a rally at the White house demanding release of Chinmaya Das and protection for Hindus of Bangladesh. «Bangladesh's interim government has an absolute obligation to protect its Hindu minority and meaningfully address the protests of thousands of minority Hindus in outcry over the recent wave of attacks and harassment,» Congressman Brad Sherman said in a statement. «With the calls for an investigation from the Bangladesh Hindu Buddhist Christian Unity Council and the United Nations High Commissioner for Human Rights Volker Turk for killings and other rights violations during the violent unrest leading up to and after the fall of Bangladesh's former Prime Minister Sheikh Hasina, the current administration must demonstrate leadership in eliminating acts of violence against the Hindu community,» Sherman said.

finance ministry that they will continue to deny investigative agencies permission to investigate their employees unless they are provided with material evidence of wrongdoing. The finance ministry is meeting with the CEOs and chief vigilance officers (CVO) of PSU lenders today (Wednesday) on resolving conflicts between banks and investigative agencies probing bank officials. According to the banks, investigative agencies have initiated probes on the basis of suspicion and not evidence, and the investigation process is humiliating and often followed by raids. «It demoralises other employees who are not on the radar,» a senior banker said. The agencies contend that the denial of permission to investigate bankers for alleged frauds has resulted in a significant backlog of unresolved cases.