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Businessman Shetty seeks India probe of NMC, Finablr ex-CEOs over $6 bln scandal

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.

Businessman Shetty seeks India probe of NMC, Finablr ex-CEOs over $6 billion scandal

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.

UAE Bizman Shetty Seeks CBI, ED Probe into ‘Fraud’ at His Cos

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

BR Shetty seeks probe by CBI, ED into $6 billion ‘fraud’ in his companies

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.

BR Shetty accuses Indian banks of collusion in embezzlement of funds

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

Why Encumbered Assets Not Being Monetised: Wadhawans

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

Explained | Aircraft (Amendment) Bill 2020 gives teeth to DGCA, just like Companies Act 2013 did to SFIO

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

For India Inc HQ, it’s still home office

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

Netflix India’s Bad Boy Billionaires series triggers controversy

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’?

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 ...

NIA planning to file closure report in Italian mariners’ case

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.

BQ Explains: Hit By A Payment Fraud? Here’s What You Need To Do

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 ...