Investigations Financial News

temporary foreign worker program is a breeding ground for contemporary forms of slavery alleged a report by UN investigator Tomoya Obokata, according to an article in Canada's leading daily Globe and Mail. Prof. Obokata is the United Nations’ special rapporteur on contemporary forms of slavery and a professor of international human-rights law at the University of York in Britain. The recently released final report cements Prof. Obokata’s initial impressions, which he first expressed last year after visiting Ottawa, Moncton, Montreal, Toronto and Vancouver on a fact-finding tour, Globe and Mail reported.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims of wrongful dismissal.

Porsche car crash case claiming these are influential persons and several key witnesses were afraid of them. Investigating officer (IO) Ganesh Ingale told court the accused, like fugitive businessmen Nirav Modi and Vijay Mallya, could flee the country if given bail. Two IT professionals were killed on May 19 when their motorcycle was hit by a Porsche, allegedly driven by an inebriated minor, in Kalyani Nagar in Pune. The six accused whose bail please are being heard are the minor's parents Vishal and Shivani Agarwal, Sassoon General Hospital's Dr Ajay Taware and Dr Shreehari Halnor as well as alleged middlemen Ashpak Makandar and Amar Gaikwad. Assistant Commissioner of Police Ingale said the conspiracy to replace the blood samples of the minor was hatched at Irani Cafe in Wadgaonsheri area and accused Dr Ajay Taware was contacted and given allurement. «Though Taware told other accused he would not come forward, the probe indicates Taware has a key role in the entire conspiracy,» he said, adding the conspiracy and crime took place in multiple places such as Irani Cafe, Sassoon General Hospital, Yerwada police station, the Juvenile Justice Board permises, Dr Halnor's residential campus.

BJP on Monday rejected the Congress' demand for a Joint Parliamentary Committee (JPC) probe into Hindenburg's allegations and said the Opposition party was conspiring to bring about «economic anarchy and instability» in India. The Congress has been demanding Buch's resignation and that a JPC investigation be ordered to assess the full extent of what it described as the «Modani Mega Scam». Addressing a press conference at the BJP headquarters, senior party leader Ravi Shankar Prasad reiterated the party line that the short-selling firm's charge and the Opposition's criticism of the Sebi chairperson were part of a wider conspiracy. He claimed that billionaire investor George Soros is an investor in Hindenburg and is known for running a propaganda against the Narendra Modi-led government. «While India is being globally seen as a safe, stable and promising market, the Congress party wants to project that the Indian investment scenario is not safe,» he alleged, and claimed that the Opposition party was making use of the «chits» provided by foreign entities to damage the economy.

Congress on Monday rejected the Sebi statement about the latest Hindenburg report and demanded the Supreme Court hand over the probe into the US-based short-seller's charges against the Adani group to a Special Investigation Team or CBI in view of the reported conflict of interest of the market regulator's chief Madhabi Puri Buch. «Clearly, no institution is sacrosanct in Amrit Kaal. Did the Sebi chairperson recuse herself from the Adani investigations? Do these conflicts of interest explain the prolonged investigation, a delay that has benefited both Adani and the Prime Minister while damaging Sebi's reputation? How can a match proceed if the umpire herself is compromised? The Supreme Court, empowered by the Constitution, must transfer the investigation to the CBI or a Special Investigation Team given the likelihood of Sebi's compromise.

the personal rebuttals from its chairperson, Madhabi Puri-Buch, and her spouse, Dhaval Buch, have sparked a political firestorm. The Opposition has linked the controversy to Parliament's abrupt adjournment on Friday, despite agendas being issued for Monday. Sebi claims Puri-Buch fulfilled all internal disclosure requirements and recused herself where necessary.

Pakistan Army on Monday took former General and former Inter-Services Intelligence (ISI) chief Faiz Hameed into military custody and initiated court martial proceedings against him, said the army's media wing. This move follows a detailed inquiry mandated by the Supreme Court of Pakistan to investigate allegations made in the Top City Case. This is the first time in Pakistan's history that a court martial has been initiated against a former intelligence chief, local media said. According to a statement from the Inter Services Public Relations (ISPR), the military has acted on the findings of the inquiry to address the complaints against Lt Gen Faiz Hameed (Retd). The court martial proceedings are being conducted under the provisions of the Pakistan Army Act.

CBI) 15 days to obtain the requisite sanctions to prosecute Chief Minister Arvind Kejriwal and AAP MLA Durgesh Pathak in a corruption case related to the alleged excise scam. Special Judge Kaveri Baweja allowed the central agency time till August 27 to secure necessary sanctions after being told that they were yet to be received from the authorities concerned. The CBI had earlier secured sanctions to investigate them in the case. Pathak, a senior member of the Aam Aadmi Party's political affairs committee, is considered very close to Kejriwal.

Enforcement Directorate (ED) on the bail plea of the Aam Aadmi Party's former communication in-charge Vijay Nair in a money laundering case related to the alleged Delhi excise policy scam. A bench of Justices Hrishikesh Roy and SVN Bhatti issued notice to the central agency and sought its response within four weeks. «It is submitted that the petitioner is in custody for nearly 2 years since he was arrested by the CBI and has been in continuous custody of the ED...Issue notice,» the bench said.

Hindenburg Research's second attack on the Adani Group in which it targeted Sebi chairperson Madhabi Puri Buch has failed to make much impact on the markets. Hindenburg has claimed that she and her husband had stakes in offshore entities linked to the Adani family. Unlike its first report against the Adani Group in January last year, this one has failed to have intended impact so far. Adani stocks did not suffer the kind of rout they did in the wake of last year's report. Analysts have dismissed the report as «sensationalism» and say that it will not have much impact on stock prices.«It appears that this “revelation” is unlikely to impact the market meaningfully. The buy on-dips strategy which has been working well in this bull run is likely to work again,» said Dr. V K Vijayakumar of Geojit Financial Services. However, Hindenburg has doubled down on its claims and responded to Sebi chief's statement that accused the short-seller of attempting a «character assassination». Even though Indian markets as well as analysts have discounted the latest Hindenburg report and the short-seller has itself come under fire after Sebi's show-cause notice to it in June, short-seller attacks constitute a high risk for Indian companies.

Odisha commerce and transport minister Bibhuti Bhusan Jena and state law minister Prithiviraj Harichandan have called for a detailed investigation into the helicopter rides taken by VK Pandian, a bureaucrat-turned-politician, between February and September last year. They demand to know how 450 helipads were constructed for these travels, the authorization process, and who funded the rides, reported TOI. Harichandan emphasized the need to investigate the costs and authorization of the helicopter rides. He questioned how government funds were used for constructing helipads and who provided the necessary permissions for Pandian's extensive travels. Pandian, who was then serving as the 5T secretary, visited 400-450 places during this period. “We will investigate who covered the cost of the helicopter rides. Clarity must be provided on this matter. It needs a thorough probe. At the govt level, helipads were constructed wherever the helicopter landed, and govt funds were used. He (Pandian) visited 400-450 places. It is not clear who authorized this and how the authorization was issued. A department secretary does not have the authority to use helicopters. How, then, was permission granted?” TOI quoted Harichandan as saying.

The family of a French explorer who died in a submersible implosion has filed a more than $50 million lawsuit, saying the crew experienced “terror and mental anguish” before the disaster and accusing the sub’s operator of gross negligence.Paul-Henri Nargeolet was among five people who died when the Titan submersible imploded during a voyage to the famed Titanic wreck site in the North Atlantic in June 2023. No one survived the trip aboard the experimental submersible owned by OceanGate, a company in Washington state that has since suspended operations.Known as “Mr.

Delhi High Court on Monday directed the Delhi Police to not arrest former IAS Puja Khedkar, who has been accused of 'misrepresenting and falsifying facts' in her UPSC application, till August 21. The Court has issued a notice on Khedkar’s anticipatory bail plea. Justice Subramonium Prasad issued notice to the Delhi Police as well as the UPSC on the anticipatory bail plea by Khedkar, and asked them to file their responses.

Arvind Kejriwal has filed a petition in the Supreme Court challenging his arrest by the Central Bureau of Investigation in the excise policy case and has also filed a bail plea. The Delhi High Court had earlier dismissed his petition challenging the arrest and advised him to seek bail from the trial court. While dismissing Kejriwal's plea challenging his arrest, the HC stated that the prosecution has explained that, respecting his position as Chief Minister of NCT of Delhi, the police treaded with trepidation and caution and proceeded to collect the evidence from other persons suspected to be the accused. Consequently, extensive investigations were carried out across India to ascertain the entire web of conspiracy involving numerous persons. In his plea to the Delhi HC, CM Kejriwal stated that he is the National Convenor of a National Political Party (Aam Aadmi Party) and the sitting Chief Minister of Delhi, who is being subjected to «gross persecution and harassment for wholly malafide and extraneous considerations.»

firearms has sparked a significant crackdown on an illicit pistol factory in Ganeshpura village, Morena district, Madhya Pradesh. The footage, which circulated widely on social media, depicted a woman cleaning pistols in bulk, prompting authorities to launch an investigation. The video led police to verify its authenticity and identify key suspects involved in the illegal operation.

Hindenburg Research on Sunday responded to Sebi chief Madhabi Puri Buch's statement from the weekend that accused the short-seller of attempting a "character assassination" of the Buchs. In a post on its X account, the short-seller said that the markets regulator boss' response «raises numerous new critical questions,» and «includes several important admissions.» The Buchs had, on Sunday, addressed the allegations made by Hindenburg Research, dismissing them as “baseless,” Sebi chief Madhabi and her husband Dhaval said the US-based short-seller is resorting to character assassination in response to a show-cause notice issued by the regulator in connection with Hindenburg's earlier report on Adani.

Mary Schiavo carefully describes what she saw happen when Voepass Linhas Aéreas Flight 2283 plummeted to the ground in Brazil Friday, an airline crash that killed all 62 aboard.

Madhabi Buch. The party targeted the Modi government and the Adani group and asked the Supreme Court to take suo moto cognizance of the development and reiterated the demand for a Joint Parliamentary Committee into the entire issue of the pending Hindenburg allegations against the business conglomerate. Leader of the Opposition, Rahul Gandhi, said the integrity of Sebi has been gravely compromised by the allegations against its chairperson with the Hindenburg report and asked why the Sebi chief has not yet resigned and urged the apex court to take this up. «Honest investors across the country have pressing questions for the government. Why hasn't Sebi chairperson Madhabi Puri Buch resigned yet? If investors lose their hard-earned money, who will be held accountable — PM Modi, the Sebi chairperson, or Gautam Adani? In light of the new and very serious allegations that have surfaced, will the Supreme Court look into this matter suo moto once again? It is now abundantly clear why Prime Minister Modi is so afraid of a JPC probe and what it might reveal,» Gandhi said.

A confidential memo shows that MrBeast has ordered a full assessment of the internal culture in his YouTube empire and an investigation into “allegations of inappropriate behavior by people in the company."

Toyota is promising to strengthen oversight of its vehicle certifications so the scandal that surfaced recently over improper tests will never recur