Investigations Financial News

Siddaramaiah is expected to appeal the Karnataka High Court judgment dismissing his petition challenging the August 16 order of Governor Thawarchand Gehlot permitting investigations against him in the case of allotment of housing plots to his wife in Mysuru. The CM's legal team is working on a response to Sep 24 judgment allowing investigations under Section 17A of the Prevention of Corruption Act, 1988. A lower court on Wednesday ordered investigation by the Lokayukta police into the complaints that his family illegally gained the housing plots. The contention of people close to the CM has been that Siddaramaiah played no role in the allotment of plots by the Mysore Urban Development Authority (MUDA) but has now ended up in a situation of having to face a police investigation.

Speaking at the FCA's annual meeting today (26 September), Therese Chambers, joint executive director of enforcement and market oversight, said all investigations from the regulator had been concluded, but the saga is still far from over more than five years on. Chambers explained that Woodford and Woodford IM were served a formal warning notice in April 2024. Friday Briefing: Woodford is right – Link has a lot to answer for This occurs after the FCA has finalised its investigations and has also provided the parties in question the opportunity to «engage with us to see if they are ...

Eric Adams was indicted Thursday on charges that he took illegal campaign contributions and bribes from foreign nationals in exchange for favors that included helping Turkish officials get fire safety approvals for a new diplomatic building in the city. Adams, a former police officer, faces conspiracy, wire fraud and bribery charges in a five-count indictment that describes a decade-long trail of crimes. The U.S. attorney's office in Manhattan alleges in the indictment that Adams «compounded his gains» from the illegal contributions by gaming the city's matching funds program, which provides a generous match for small dollar donations. His campaign received more than $10,000 in matching funds as a result of the false certifications, according to the indictment.

Toronto-Dominion Bank has named new co-heads of its U.S. commercial banking business.

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Representatives for NASA, Boeing Co. and the U.S. Coast Guard are slated to testify in front of investigators Thursday about the experimental submersible that imploded en route to the wreckage of the Titanic

D K Shivakumar on Thursday said no party leader has staked claim for the post of Chief Minister in the backdrop of the incumbent Siddaramaiah facing a Lokayukta probe in the Mysuru Urban Development Authority (MUDA) sites allotment case. He also ruled out the possibility of Siddaramaiah stepping down from the post in the wake of a special court here on Wednesday ordering a probe by the Lokayukta police in Mysuru against in the MUDA 'scam', setting the stage for registering an FIR against him. «There is no question of demanding (resignation). It's a political conspiracy against the Chief Minister. There is no strength in it (case). They (opposition parties) are unnecessarily trying to create politics. We will face it legally,» Shivakumar told PTI Videos. «We stand committed. We will support him (Siddaramaiah). There is no question of his resignation,» he added.

CBI has registered a case of alleged Rs 525-crore bank loan fraud against the promoters and directors of travel company Cox and Kings on the complaint of Yes Bank, officials said on Thursday. The CBI has taken over the investigation from the Mumbai Police that was probing the matter against the travel company, its promoters/directors Ajay Ajit Peter Kerkar and Usha Kerkar, CFO Anil Khandelwal and directors Mahalinga Narayanan and Pesi Patel. The central probe agency has registered the case on a reference from the Maharashtra government routed through the Centre against all individuals under IPC sections related to cheating, forgery and criminal misconduct in addition to provisions of the Prevention of Corruption Act.

The case is currently being handled by a Special Investigation Team (SIT) set up by the Kerala government, specifically focusing on cases of sexual harassment and misconduct in the Malayalam film industry. The police in Thiruvananthapuram registered the case against Siddique on August 27, following accusations of rape and criminal intimidation made by a young female actor. While Siddique has denied all the charges, stating that they are part of a smear campaign, the legal process is ongoing, and a court order is pending. The allegations against Siddique have garnered significant attention, especially as they come at a time when the Malayalam film industry is grappling with the fallout of multiple allegations of sexual misconduct. Over the last few years, the industry has been shaken by a series of revelations brought forward by female actors and crew members as part of the «Me Too» movement.

Siddaramaiah on Thursday morning refused to comment on the ongoing protests of the BJP-JDS leaders on Thursday within the Vidhana Soudha premises, demanding his resignation and a CBI inquiry into the MUDA scam. The Leader of Opposition in Karnataka Assembly, R Ashoka, demanded the resignation of the Karnataka Chief Minister, and said that the high court itself has called it a scandal instead of any political party. «The High Court has already said it is a scandal, not BJP or anyone else is saying, it is the court. That is why we are demanding the resignation of the CM,» he said.

The panel — comprised of seven Republicans and six Democrats — has spent the last two months trying to decipher the security failures that allowed a gunman to scale a roof and open fire at the former president during a July 13 campaign rally in Pennsylvania, killing a spectator. Now they are also investigating this month's Secret Service arrest of a man with a rifle on Trump's Florida golf course who also allegedly sought to assassinate the GOP presidential nominee. The suspect in the second assassination attempt, Ryan Wesley Routh, was allegedly aiming a rifle through the shrubbery surrounding Trump's West Palm Beach golf course when he was detected by a Secret Service agent. The agent opened fire and Routh fled before being apprehended by local authorities.

Secret Service (USSS) has initiated an investigation into one of its agents after a reported incident involving a staff member of Vice President Kamala Harris. According to a statement from Harris' office, the incident occurred in a hotel room in Wisconsin while the team was scouting locations for future campaign stops. A spokesperson for the Secret Service confirmed that the agent has been placed on administrative leave during the investigation. «The US Secret Service Office of Professional Responsibility is investigating a misconduct allegation involving an employee,» the spokesperson stated, but did not disclose specific details regarding the incident.

Italy’s antitrust watchdog is investigating the online fastfashion giant Shein for potentially making misleading claims about its sustainability practices

China's elite has disappeared after criticizing Xi Jinping. The Wall Street Journal reports that Zhu Hengpeng disappeared after criticizing Xi Jinping. Zhu is thought to have questioned the Chinese economy and Xi's leadership in a secret WeChat group. Zhu's last known public appearance occurred in late April, according to the website. A renowned economist has joined the expanding list of Chinese elite who have disappeared from public life after criticizing President Xi Jinping. Zhu Hengpeng was the deputy director of the Institute of Economics of the Chinese Academy of Social Sciences (CASS) for over a decade.

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Rahul Gandhi on Wednesday questioned the Centre's 'Make in India' project and alleged that GST and demonetisation were used as weapons to clear roads for business tycoons like Adani and Ambani. Addressing an election rally in support of Congress-National Conference (NC) alliance candidates from 11 assembly segments of Jammu district, Gandhi accused the BJP of using central agencies like the Enforcement Directorate (ED), Central Bureau of Investigation (CBI) and Income Tax (IT) to browbeat opponents. The Jammu district along with six other districts is going to polls in the third and final phase of Jammu and Kashmir elections on October 1. «They (BJP) are talking about 'Make in India' and the defence industry but the reality is that all the contracts are going to people like Adani. An Israeli company is making weapons and Adani is pasting his label.

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In a recent speech, Chambers stated that the regulator is adapting its approach to enforcement to «meet evolving threats and maximise the deterrent effect». «We are making our investigations faster and more focused to nip financial crime in the bud and send timely signals to markets and consumers,» she said. A focus on financial crime Chambers highlighted that fighting against financial crime is «key» to securing positive outcomes. She said that reducing and preventing serious harm from financial crime is a focus of the FCA's current strategy and will remain a significant pilla...

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An engineer with the National Transportation Safety Board is scheduled to testify in front of the Coast Guard about the experimental submersible that imploded en route to the wreckage of the Titanic

U.S. Navy replenishment ship operating in the Middle East sustained damage after refueling vessels and the cause is under investigation, officials said Tuesday. The USNS Big Horn was damaged after it resupplied the USS Abraham Lincoln aircraft carrier strike group. The carrier group remains in the region amid heightened tensions over the Israel-Hamas war and Israel's ongoing strikes targeting Hezbollah in Lebanon. A U.S. Navy official, speaking on condition of anonymity to discuss matters yet to be made public, declined to elaborate on where the damage took place. A photo released by the U.S. military dated Sept. 5 showed sailors aboard the Lincoln receiving supplies from the Big Horn, while another on Sept. 11 showed the Big Horn alongside the Lincoln. The Lincoln is patrolling the Arabian Sea.