Fugitive Businessmen

Mallya, through an FII entity named Matterhorn Ventures, has indirectly trades in scrips of his group entities in India, thus concealing the true identity of his investments in securities market

The CBI has booked Pramod Goenka, the missing brother of DB Realty Managing Director Vinod Goenka, and his company Yash Jewellery in a case of alleged cheating that caused a loss of more than Rs 405 crore to State Bank of India, officials said on Monday. The CBI FIR relates to credit facilities extended to Pramod Goenka-owned Yash Jewellery by SBI which were allegedly not repaid turning the account into a non-performing asset in 2014. The FIR registered on the basis of a complaint from SBI accused Pramod Goenka, Rustom Ariez Tata and Anant L Prabhudesai of entering into a criminal conspiracy to cheat the bank allegedly inducing it to sanction loans of Rs 235 crore, which they siphoned off, causing a loss of Rs 405.58 crore. Yash Jewellery was established in 2007 in collaboration with Andin International Inc., New York, which had 40 per cent equity, the bank said. The stake of Andin International Inc. was purchased by promoters in 2008. Yash Jewellery Private Limited took over a 51

According to reports, the 'questionable funds' in the UK amount to over $125 billion every year. What makes London a hub for money laundering? Find out here

Earlier this August, Nirav Modi was granted permission to appeal against his extradition from the UK to India to face fraud charges on the grounds that a return to India would harm his mental health

A special court here on Friday allowed 'restoration' of properties worth Rs 500 crore of fugitive jeweler Nirav Modi 's firms to Punjab National Bank

As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets

Twelve people who had left the country are also under investigation by the Enforcement Directorate