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Funds Misappropriation
The charitable trust that runs Mumbai's well-known Lilavati Hospital on Tuesday alleged that funds to the tune of over Rs 1,500 crore were misappropriated by its former trustees and other related individuals. The Lilavati Kirtilal Mehta Medical Trust (LKMMT) has lodged separate complaints with the Enforcement Directorate (ED) and at the Bandra Police Station in this regard. It has also claimed black magic was performed in the hospital premises by erstwhile trustees and related individuals. The complaints allege the misappropriation, uncovered during a forensic audit of Lilavati Hospital's financial records, has impacted the trust's operations and healthcare services provided by the leading private medical facility located in upscale Bandra area. "We filed complaints which translated into FIRs due to the orders of the Bandra Magistrate Court. More than three FIRs have been filed against the former trustees and other related individuals. A fourth proceeding against these individuals
Former Sri Lankan president Mahinda Rajapaksa's elder son has been indicted in the High Court here for alleged misappropriation from an Indian investment prior to 2015. Namal Rajapaksa, 38, had been arrested in June 2016 for the alleged misuse of 70 million Sri Lankan rupees from the Krish hotel project money to develop the game of rugby, for which he had been a Sri Lanka international player. The Krish hotel project located in the heart of Colombo commercial district was aborted and the unfinished construction remains. Recently its unsafe status was questioned in another court for the danger posed to passersby. Namal Rajapaksa was quizzed recently by the police after the Anura Kumara Dissanayake-led National People's Power (NPP) government revived the Krish case stalled since 2016. A week later, his younger brother Yoshitha was arrested in the revival of a similar questionable property case. He was released on bail on Monday. Namal Rajapaksa having learnt of his indictment poste
The CBI has arrested five people, including two retired officials of the Rail Land Development Authority (RLDA) and Bank of Baroda in connection with alleged misappropriation of Rs 31.50 crore, officials said Monday. The agency presented the arrested accused - RLDA's former manager Vivek Kumar, former branch manager of Bank of Baroda Jaswant Rai, and three private individuals Gopal Thakur, Hitesh Karelia and Nilesh Bhatt - before a special court, which remanded them to judicial custody, the officials said. The CBI had registered the case on a complaint by the RLDA alleging it had suffered a loss of Rs 31.50 crore by unidentified individuals. "It was alleged that the RLDA had initially invested an amount of Rs 35 crore (approx) for one year in the form of fixed deposit (FD) at Bank of Baroda, Vishwas Nagar branch, Shahdra, Delhi and thereafter the maturity proceeds were supposed to be re-invested, for a period of three months," a CBI spokesperson said. He said the bank allegedly ...
The Crime Investigation Department which arrested TDP supremo N Chandrababu Naidu in the skill development corporation scam case has said the former Chief Minister was non-cooperative during questioning and replied vaguely saying he did not remember certain issues. Naidu was produced in an Anti-Corruption Bureau court in Vijayawada on Sunday morning amid tight security, a day after being arrested in a case of alleged corruption. Seeking his judicial custody, the remand report said though the officials arranged a chopper to take him to Vijayawada from Nandyal where he was arrested, the Leader of the Opposition refused. The convoy was obstructed several times by TDP cadres which is an indication of intimidating law enforcement officials by virtue of his position. "He was asked questions based on the note files, which form part of the evidence in this case diary. But to all the questions he was non-cooperative and replied vaguely that he could not recollect the facts. In this regard, t
A former president of World Window India Impex was arrested for allegedly misappropriating funds worth Rs 30 crore and cheating the company authorities, police said on Wednesday. Accused Ajay Khera worked as executive director of Central Warehousing Corporation and he took voluntary retirement to join as president at World Window India Impex -- a group company of Seagull Maritime Agencies, they said. A probe was initiated by the Economic Offences Wing of Delhi Police after the director of Seagull Maritime Agencies lodged a complaint against Khera, police said. The company deals in freight forwarding business in India. Ravindra Singh Yadav, Special Commissioner of Police (Crime), said, "In 2010, Seagull started a branch in the USA. The accused (ex-employee of Group Company) who was working with the company as legal consultant, requested the ex-promoters of Seagull to employ his son (Siddharth Khera) to look after the USA branch of Seagull. Accordingly, Siddharth Khera was appointed a