A special court in Mumbai had passed the order on the complaint filed by a media reporter, seeking investigation into the alleged offences committed by the accused, involving large-scale financial fraud, regulatory violations and corruption
04 March,2025 05:43 PM IST | Mumbai | mid-day online correspondent
In its ruling, the special court directed the ACB to file an FIR against Buch and others for alleged fraud and regulatory violations related to the fraudulent listing of a company on the stock exchange in 1994
03 March,2025 02:34 PM IST | Mumbai | mid-day online correspondent
"SEBI would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters," the regulatory board stated in a press release on Sunday
02 March,2025 07:54 PM IST | Mumbai | mid-day online correspondent
There is prima facie evidence of regulatory lapses and collusion, requiring a fair and impartial probe, the special court judge said in the order passed on Saturday. The court said it will monitor the probe, and sought a status report of the case within 30 days
02 March,2025 04:24 PM IST | Mumbai | mid-day online correspondent
The EOW stated that the investigation has so far identified around 3,000 investors who collectively invested Rs 100 crore in the company
15 January,2025 11:26 PM IST | Mumbai | Faizan Khan
Sebi directed 22 entities, including Parekh, to impound unlawful gains worth Rs 65.77 crore earned from the alleged violations, jointly and severally
03 January,2025 12:10 PM IST | New Delhi | mid-day online correspondent
He asserted the “scam” requires serious punitive action, including arrests and raids by investigative agencies
05 December,2024 07:32 AM IST | New Delhi | Agencies
The US Department of Justice has accused Adani of being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts in four Indian states
24 November,2024 03:24 PM IST | New Delhi | PTI
Addressing a press conference here hours after the US prosecutors charged Adani and associates for allegedly paying USD 250 million bribe to Indian officials, the Congress leader said it is now pretty clear and established in the US that the businessman has broken Indian as well as American laws
21 November,2024 01:19 PM IST | New Delhi | mid-day online correspondent
The Securities and Exchange Board of India (Sebi) proposes new regulations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), allowing the use of interest rate derivatives for hedging risks and enhancing financial stability.
03 November,2024 02:37 PM IST | New DelhiADVERTISEMENT
