Economic Offences Wing News

Mutual Funds

FIR lodged against Franklin

The FIR is based on a complaint filed by the Chennai Financial Markets & Accountancy, an investor group in May this yearThis comes even as the Karnataka high court has finished hearing the arguments in the four investor petitions filed against the AMC against its decision to wind down these schemes

1 min read25 Sep 2020
Companies

Malvinder Singh arrested by Delhi police in another case of alleged fraud

Religare Finvest alleged that Malvinder Singh and his brother Shivinder Mohan Singh in connivance with the employees of Lakshmi Vilas Bank misappropriated two FDs of ₹400 cr and ₹350 cr made with the Lakshmi Vilas Bank by the complainant company

1 min read24 Dec 2019
Market

EOW files 2nd chargesheet in NSEL case against 63 entities

36companiesand 27 individuals among entities named in the 28,000-page supplementarychargesheet

2 min read28 Dec 2018
Money

De-jargoned: Ombudsman for NBFCs

RBI has decided to introduce an ombudsman scheme for NBFCs to provide customers of NBFCs with a cost-free and expeditious grievance redress mechanism

1 min read11 Feb 2018
Market

NSEL scam: Maharashtra govt starts auction of seized assets

The Maharashtra government has hired HDFC Realty to value and auction assets seized by Mumbai Police's EOW in connection with NSEL scam

2 min read24 May 2017
Companies

Government orders SFIO investigation against FTIL, 18 associates

The Serious Fraud Investigation Office (SFIO), which is a multi-disciplinary organisation that probes serious financial frauds, has been asked to submit its investigation report in six months time

1 min read1 Nov 2016
Politics

QNet case: Former world billiards champion Michael Ferreira arrested

Michael Ferreira held 80% shares in a franchisee of Hong Kong-based QNet, which ran a 'Ponzi scheme', seeking investments between Rs30,000 to Rs7.5 lakh

1 min read19 Oct 2016
Companies

Tata Communications files complaint against Sharepro with EoW

Sebi had imposed an interim ban on Sharepro Services, its promoters and other related entities in March

1 min read25 Aug 2016
Politics

Govt to set up special court for all NSEL cases

A decision was taken in this regard at a meeting under chairmanship of economic affairs secretary Shaktikanta Das that reviewed action taken in the NSEL scam

3 min read24 Jul 2016
Market

Bombay high court denies interim relief to FTIL on asset seizure

EOW on Tuesday seized Rs2,000 crore of assets belonging to the former FTIL, a week after the arrest of its founder Jignesh Shah in a money laundering case

1 min read21 Jul 2016
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles

ICICI Bank

Shares of ICICI Bank had a drop of -0.45% to Rs. 852.05 at closing today.

2 Articles