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MUMBAI/DUBAI, Oct 12 (Reuters) – Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multibillion dollar financial scandal engulfing his group.

MUMBAI/DUBAI (Reuters) – Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multibillion dollar financial scandal engulfing his group.

Two former top execs connived with bankers and auditors to launder money, he alleges

The founder of hospital chain NMC Healthcare and UAE Exchange has sent a written complaint to the Central Bureau of Investigation and Enforcement Directorate, urging them to probe the alleged embezzlement, corruption and laundering of money of his companies.

Charges against Shetty, the founder of NMC Health, a healthcare provider in the United Arab Emirates (UAE), include under-reporting of debt and not using it for the purpose they were raised for

Aircraft, yacht losing value daily, no steps taken to sell them despite giving consent, they say

The 2013 Act empowered the Serious Fraud Investigation Office to make arrests. In a similar manner, the DGCA will now be empowered to keep a closer check on erring airlines and airport operators

MUMBAI: The Maharashtra government may have relaxed office attendance rules further to 30%.

Netflix India’s Bad Boy Billionaires series triggers controversy hindustantimes.com This is the second time within a month when Netflix is embroiled in a legal tussle after a movie on the life of Indian Air Force (IAF) female pilot Gunjan Saxena, which the Centre has challenged saying it shows Indian armed ...

Asian Colour: Can lenders allow a fresh ‘coat’? thehindubusinessline.com Can lenders call for fresh bids for a stressed asset after announcing the top buyer in the previous round of bidding under the Insolvency and Bankruptcy Code? This will be the key question for the National Company Law Tribunal in a ...

his comes after the Centre on Thursday asked the Supreme Court to dispose of the matter related to the jurisdictional issues of the case as it has agreed to accept a UN tribunal’s ruling that the two marines cannot be prosecuted.

Instances of payment frauds have been increasing over the last three months in the wake of the Covid-19 pandemic. Fraudsters have been using various techniques to defraud customers via digital payments platforms for months now and complaints of such instances have risen in recent months. Tactics have changed along the ...