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Thiruvananthapuram, Apr7 (UNI) Ahead of the upcoming Kerala Assembly elections, AICC General Secretary K C Venugopal has issued an open letter to Chief Minister Pinarayi Vijayan, raising ten pointed questions about governance, alleged political understandings, and key controversies from the past decade. Framing the letter as a reflection of public concerns, Venugopal said that as Kerala stands on the threshold of another election, several unresolved issues from Vijayan's ten-year tenure continu ...Read More >
The Supreme Court on Wednesday (Nov 19) questioned the "friendly approach" adopted by the CBI and the Ministry of Corporate Affairs (MCA) in probing allegations against Indiabulls Housing Finance Ltd (IHFL). A Bench of the top court said it was particularly concerned about SEBI's reluctance to investigate the matter, calling it "double standards". The court noted that it was now "giving SEBI the jurisdiction to probe" if the regulator believed it did not already possess the mandate to do so. P ...Read More >
NEW DELHI: Even if one FIR is closed, the existence of other FIRs with the same or similar allegations will be valid ground for continuation of ED's investigation under PMLA, Allahabad high court has ruled while dismissing a petition of Sahara group companies, which sought to restrict the ED from probing allegations of money laundering on the grounds that the predicate offence in this case was missing given that the original FIR was closed in 2020. In the Sahara case, the HC took cognisance of E ...Read More >
India's Ministry of Corporate Affairs (MCA) has announced an ongoing investigation into three electric vehicle (EV) manufacturers for allegedly availing government subsidies fraudulently. The total sum in question amounts to approximately Rs2.97bn (about $35m). The firms under scrutiny, Hero Electric Vehicles, Benling India Energy and Technology, and Okinawa Autotech; they are accused of violating guidelines tied to FAME II. FAME II was launched in 2019 by India's Ministry of Heavy Industries ...Read More >
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