Page 2 - Economic Offences Wing

Delhi Police's Economic Offences Wing merged with Crime Branch

The order was issued by the Home Department with the Lieutenant Governor's approval.

Govt clears amendments to LLP Act; to decriminalise 12 offences under law

The government on Wednesday approved amendments to the Limited Liability Partnership (LLP) Act, including decriminalising 12 offences under the law

Sebi slaps Rs 90-lakh fine on Anugrah for misusing clients' funds

Mumbai-based brokerage misused client funds worth Rs 119 crore, says regulator's investigation

Franklin Templeton gets investors' nod for winding up six schemes

The fund house could take second vote for appointing a liquidator

Delhi Police registers case against Niira Radia for alleged loan fraud

The Economic Offence Wing of Delhi Police has registered an FIR against Nayati Healthcare's Niira Radia and four others for alleged embezzlement of over Rs 300 crore of bank loan

Delhi Police arrests directors of Amrapali group in 2 cases of cheating

The Economic Offences Wing of the Delhi Police has arrested the directors of Amrapali group in connection with two cases of cheating, an official said

Sebi, not EOW, should handle mutual fund issues: Franklin Templeton

Sebi, the specialised regulator for the securities market, is best placed to handle any issues related to mutual fund investments, FT said in a note to unitholders

No mis-utilisation of funds: Franklin Templeton MF assures unitholders

Franklin Templeton Mutual Fund shut six debt mutual funds on April 23 citing unfavourable conditions in the debt market due to the Covid-19 pandemic

Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal

It is estimated that about Rs 700 - 900 crore of likely liability may hit the bank

Chennai Police book Franklin Templeton, top exes; claim baseless, says firm

The FIR also named Santosh Das Kamath, MD and chief investment officer, FTAMIL

Day after BJP entry, EOW closes forgery case against Jyotiraditya Scindia

According to sources in the EOW, it closed the case against Scindia and his family on Friday

MCA unearths Rs 700 cr scam in Unitech, says funds diverted to 16 shell cos

Company believed to have siphoned off huge amounts of money to various shell companies

UP Police arrest two officials of brokerage firm SMC in Rs 4,122-cr PF scam

Enforcement Directorate is probing the money-laundering angle in the scam

Religare Finvest scam: Shivinder Singh sent to ED custody till December 19

Additional Sessions Judge Sandeep Yadav sent Singh to ED remand after the agency sought his 14-day custodial interrogation.

PMC Bank scam: Mumbai Police Economic Offences Wing arrests another auditor

The Economic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank, an official said on Wednesday. This is the eighth arrest in the case. Anita Kirdat (35), a 'concorrent auditor' of the bank, was arrested on Tuesday, a senior police official said. Her responsibility was to ensure a "systematic and timely examination" of the bank's financial transactions, he said. Kirdat audited the bank's transactions monthly, but allegedly could not or did not point out irregularities in its processes. She was called for questioning and later arrested, the official said, adding that she was remanded in EOW custody by a local court till November 18. On Monday, the EOW had arrested two statutory auditors, Jayesh Sanghani and Ketan Lakdawala, in connection with the scam. They are suspected to have played a key role in covering up the irregularities in the bank. The EOW suspect

EPF scam: UP economic offence wing turns heat on Union Agriculture Secy

What makes matters worse for the top Union government Secretary is the mounting pressure from thousands of state government employees and labour unions to initiate action

PMC Bank scam: Ex-director sent in police custody till October 22

The court also remanded the bank's former managing director Joy Thomas in 14-day judicial custody, after his police remand ended on Thursday

Former MD Joy Thomas arrested as crackdown in PMC Bank scam continues

Joy Thomas was arrested by the Mumbai wing of the Economic Offences Wing after the Reserve Bank of India (RBI) took charge of the bank

EOW arrests another NSEL defaulter

Informed sources said that Saharanpur (Uttar Pradesh) - based Nagpal surrendered before the EOW on Monday following his inability to pay his dues of Rs 34 crore.