Stay updated with the latest financial-audit news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on financial-audit topics.
IN A significant decision, the Supreme Court Tuesday ruled that account holders/ borrowers have no legal right to a personal/ oral hearing before the account is declared or classified as "fraud" by the bank as per the RBI's "Master Directions". A bench of Justices J B Pardiwala and K V Viswanathan said: "We are persuaded to accept the stand of the RBI that the procedure of issuing a show-cause notice, furnishing of the evidentiary material, eliciting a reply and the obligation to pass a reasone ...Read More >
Nashik, April 3 (SocialNews.XYZ) A major financial scam has come to light during the ongoing investigation into self-styled godman Ashok Kharat. He is already facing serious allegations of sexual exploitation of women and financial fraud in the name of spirituality. Preliminary findings have revealed that Kharat allegedly opened more than 130 fake bank accounts during 2021-22, say crime branch officials. These accounts were created in the names of different individuals, and were used to facilit ...Read More >
Anil Ambani and Reliance Communications are under renewed scrutiny as the CBI launches a fresh investigation into allegations of a Rs 3,750 crore fraud against the Life Insurance Corporation (LIC) involving Non Convertible Debentures. Photograph: Prashant Waydande/ReutersKey PointsThe CBI has filed a new case against Anil Ambani and Reliance Communications for allegedly defrauding LIC of Rs 3,750 crore.The case involves alleged conspiracy, cheating, misappropriation, and violations of the Preve ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a fresh case against Reliance Communications Ltd, its promoter Anil Ambani, unknown public servants and others for allegedly causing a wrongful loss of Rs 3,750 crore to the Life Insurance Corporation of India. Officials said the case has been filed under charges of conspiracy, cheating, misappropriation and provisions of the Prevention of Corruption Act, based on a complaint from LIC. This is the fourth case registered agai ...Read More >
New Delhi, Apr 1 (PTI) The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said. The CBI has filed the case for the alleged offences of conspiracy, cheating and misappropriation and under the provisions of the Prevention of Corruption Act on a complaint from the LIC, making it the fourth case against the company and Anil Ambani, they s ...Read More >
Mumbai: Nearly a year after joining KRBL Ltd as an independent director, Anil Chaudhary has stepped down from the board of the renowned India Gate basmati brand owner, alleging corporate governance issues. In his resignation letter, the former Steel Authority of India Ltd (Sail) chairman flagged several governance concerns at the country's largest exporter of basmati rice, including inconsistencies in recording minutes of the company's board meetings, instances of information being withheld fro ...Read More >
Hyderabad: National Chartered Accountants Day, or CA Day, is a yearly celebration on July 1 to honour the founding of the Institute of Chartered Accountants of India (ICAI) in 1949. This day is very important for the accounting and finance community in India because it recognises the vital role chartered accountants have in the country's economy and finance. This year marks the 76th anniversary of The Institute of Chartered Accountants of India (ICAI), which is the main authority for accounting ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.