Investigations Financial News

A federal indictment has charged three current and former executives of Smartmatic in a scheme to pay more than $1 million in bribes to put its voting machines in the Philippines, a setback for a company that has been feuding with allies of Donald Trum...

The Chinese government has filed a complaint with the World Trade Organization over European Union tariffs on electric vehicles made in China

Brazilian rescue teams have retrieved the remains of all 62 passengers from the wreckage of a plane crash in Sao Paulo state as families began gathering in the metropolis to identify and bury their loved ones

Prime Minister Donald Tusk has accused Poland’s previous government of illegally spending 100 billion Polish zlotys or $25 billion as he announced a government effort to try to recover the money

Greek authorities say that customs agents have seized around 93 kilograms or 205 pounds of cocaine at the port in the northern city of Thessaloniki

waterlogged park in Sector-20, Rohini, Delhi. The incident occurred around 6:30 pm when the child was playing in a park that had accumulated rainwater. Delhi Police reported receiving a PCR call about the drowning at Aman Vihar Police Station. A police team arrived at the scene and found that the child had been rushed to a hospital where he was declared brought dead. The police officer stated, “On Saturday, around 6:30 pm, a PCR call regarding the drowning of a child in a park in Sector 20 in Rohini was received at Aman Vihar Police Station.” The body has been sent for post-mortem, and an investigation is ongoing, including a review of CCTV footage to understand the sequence of events.

lab-grown diamond industry is facing challenges such as significant fall in prices, eroding consumer interest and competition from imports, think tank Global Trade Research Initiative (GTRI) said Sunday, adding said that though India faces the issue of production overcapacity, it continues to import in large amounts and this issue needs deeper investigation. To address these challenges, the government needs to take certain steps such as setting clear and consistent rules to standardize quality, certification, and market practices; issuing a Quality Control Order to check quality of imports; and investment in research and development to improve production processes, reduce costs, and enhance the quality of lab-grown diamonds. As per the report, India’s lab-grown diamond industry is facing a major challenge, with prices falling by 65% in the past year to Rs 20,000 per carat from Rs 60,000 due to local overproduction and oversupply from abroad, which points to problems like overproduction, high imports, and lack of regulation. The number of units producing lab-grown diamonds in India has increased to 10,000 units, leading to over supply and tougher competition.

Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy criticizing the report's lack of substance, the Opposition has seized the opportunity to demand a Joint Parliamentary Committee (JPC) inquiry. Former Infosys CFO Mohandas Pai was among the first to respond to Hindenburg’s report. He labeled the allegations as “character assassination by a vulture fund,” criticizing the report for being sensationalist. Pai took to X (formerly Twitter) to denounce the claims, asserting that the report aimed only to create a scandal rather than present factual information. He also defended SEBI’s regulatory processes, highlighting that regulations are developed through open consultations and reflect a collective effort of market participants and regulators based on global standards.

Hindenburg's fresh claims against Sebi chief Madhabi Puri Buch's family in the Adani controversy. When the stock market opens for trading on Monday morning, there could be an initial knee-jerk reaction as some big investors may choose to play safe by keeping positions light and then wait for the issue to unfold.

SEBI Chairperson Madhabi Buch and her husband have drawn sharp political reactions from the opposition parties. Reacting to the Hindenburg report, Samajwadi Party spokesperson Ghanshyam Tiwari on Sunday lashed out at the Modi government and said that the tenure of PM Modi will be known for 'Adani-waad'. «The whole world witnessed a different session with different ideologies but the term of PM Modi will be known as 'Adani-waad'. In this Adani-waad, they captured the whole economic system of India in such a way that Gautam Ad(Adani Group) could benefit, it looks like this is the only motive of PM Modi,» he said.

AAP on Sunday demanded that the Supreme Court take note of the allegations levelled by US short seller Hindenburg against SEBI chief Madhabi Puri Buch. Hindenburg Research has alleged that it suspects SEBI's unwillingness to act against Adani Group may be because Madhabi Puri had stakes in offshore funds linked to the conglomerate — an allegation that the SEBI head called «baseless» and an attempt of «character assassination». Addressing a press conference here, AAP Rajya Sabha MP Sanjay Singh said the SEBI had told a Supreme Court panel that the investigation into the Adani group was «directionless». «SEBI chief and her husband's money was invested in shell companies. Why were these facts hidden from the Supreme Court? The apex Court should take note of the new developments and how facts were hidden,» he said.

Hindenburg controversy was over, the whistleblower who makes money by short-selling shares and bonds of its target companies has added a fresh twist to the unending saga by claiming that Sebi chief Madhabi Puri Buch and her husband had a stake in offshore entities linked to the Adani family. The allegations come one-and-a-half months after Sebi issued a show-cause notice to Hindenburg for violating Indian market regulations and profiting by taking short positions.

fresh allegations dragging the role of Sebi chief Madhabi Puri Buch and her husband in the Hindenburg case, the Adani Group on Sunday issued a statement saying they have absolutely no commercial relationship with the individuals and that the claims are no more than red herrings thrown by a desperate entity. “The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering with wanton disregard for facts and the law. We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon'ble Supreme Court in January 2024,” the Adani Group said in a statement.

investigators Saturday began analyzing the black boxes from a Sao Paulo-bound flight to try to understand why the passenger plane fell from 17,000 feet Friday, in a crash that killed all 62 on board. But to aviation experts around the world who watched videos showing the 89-foot plane spinning slowly as it plummeted before crashing almost directly on its belly, the question of what had happened was simple to answer: The plane had stalled. In other words, the plane's wings had lost the lift needed to keep the aircraft aloft, causing it to stop flying and start falling.

Manish Sisodia on Saturday met senior advocate Abhishek Manu Singhvi at his residence here and thanked him for helping him secure bail from the Supreme Court in the excise policy cases. Sisodia was accompanied by senior AAP leaders Sanjay Singh and Atishi during the meeting with Singhvi, who is also a Congress leader. Earlier in the day, he addressed party workers at the AAP headquarters here and thanked the Supreme Court and his team of lawyers for their hard work in secure his release after he spent 17 months in Tihar jail. For a person lodged in jail, lawyers are like god, said the former deputy chief minister of Delhi government.

Indian Medical Association (IMA) has issued an ultimatum following the shocking rape and murder of a second-year postgraduate student at RG Kar Medical College in Kolkata. The IMA demands immediate action, including an impartial investigation, the arrest and punishment of the culprits, and measures to enhance the safety of doctors, especially women, in the workplace. The association has given authorities a 48-hour deadline to act, threatening nationwide protests if their demands are not met. Preliminary autopsy reports revealed that the woman doctor had been sexually abused before being killed. Her body was discovered inside a seminar hall on the third floor of the campus. The incident has sparked outrage within the medical community, with calls for urgent action to ensure the safety and security of doctors. In a press release, the IMA stated, «We demand that the authorities act with precision and in time of 48 hours failing which IMA will be constrained to initiate nation wide action. A fair, transparent and time sensitive criminal investigation is in order. An ultimatum of two days is given to arrest culprits otherwise IMA will take nation wide protests.»

Pakistan, while Caveman was moving across various states in India. This cross-border connection raised suspicions. Further investigation revealed two additional accounts exhibiting similar patterns: one under the name «Qasem Solemani» and another with an Urdu name followed by «123.» By tracking these digital trails and coordinating with human intelligence, Indian law enforcement officials successfully apprehended Rizwan Ali, a highly skilled «improvised explosive device (IED) expert» who had managed to evade authorities for over a year. Rizwan, who held a diploma in fire safety and management and had briefly worked in the firefighting equipment industry, could have chosen a peaceful and prosperous life. Instead, he allegedly used his technical knowledge to assemble IEDs, landing him on multiple agencies' most wanted lists.

Royal Bank of Canada’s former chief financial officer is suing for wrongful dismissal, arguing the bank made a “devastating” error when it fired her over a personal relationship with a co-worker — and denying that the two were romantic partners.

Police have received the forensic report of the main accused Mihir Shah in the Worli hit-and-run case that took place on July 7. According to the forensic reports received by police on Friday, Mihir Shah's blood samples have tested negative for alcohol. The report indicates that the main accused, Mihir Shah, was not under the influence of alcohol at the time of the incident. The Worli police arrested the accused Mihir Shah from Virar Fata approximately 58 hours after the incident. The police stated that by the time of his arrest, about 58 hours after the incident, the alcohol had likely left his body.

Vinhedo: An airplane carrying 57 passengers and four crew crashed Friday in Brazil's Sao Paulo state, killing everyone on board, the airline said. The aircraft, an ATR 72-500 operated by Voepass airline, was traveling from Cascavel in southern Parana state to Sao Paulo's Guarulhos international airport when it crashed in the city of Vinhedo. Voepass initially said the plane was carrying 58 passengers, but a statement on the airline's website later revised the figure to 57.

Sierra Sur de Jaén mountain range. The man allegedly poured water on the paintings to get a clearer photo for social media.