According to sources, Chandamama alone has been valued at over Rs 25 crore. Geodesic Ltd — the company that owns the magazine — faces provisional liquidation on allegations of fraud and siphoning of funds.
Ahmednagar-headquartered Renukamata Multistate Co-op Urban Credit Society Ltd, according to the tax agency, has routed suspicious transactions of over Rs 11,000 crore in the last five years through banks, sources told The Indian Express.
The DGGSTI has also written to the National Company Law Tribunal (NCLT) to remove Oneworld Industries from the Insolvency and Bankruptcy Code (IBC) proceedings as one of the operational creditors of the textile firm dragged it to bankruptcy court with its connivance, sources told The Indian Express.
Sources said the tax department, before February 2018, also did not share its findings through the Regional Economic Intelligence Council (REIC), a mechanism for sharing of information between various law enforcement agencies.
The SFIO probe has also found that the brokers failed in their duty to inform their clients on the risk in trading at NSEL and did not carry out due diligence to verify the availability of the traded commodities at the warehouses of NSEL.
The Confederation of ATM Industry has said the regulatory changes will make it impossible for ATM service providers to meet the cost of compliance. The ATM industry thinks there is no option but for banks to step in to bear the load.
In Maharashtra, there are 41 such entrepreneurs spread across three districts — Mumbai, Thane and Pune. Maharashtra was followed by followed by Delhi with 22 individuals and Karnataka with 21 individuals.
In the past 20 years, only 1 lakh slums have been rehabilitated and the pace is not going to increase. The primary reason for the failure of the earlier policy was lack of understanding of market conditions and the DCPR carries forward the same set of mistakes, study showed.
The CBI in its closure report said “the disputed coal (supplied from 2011 to 2013) has already been consumed by NTPC Ltd, and the samples of the same were not retained at the NTPC laboratory” for CBI to conduct tests.
Under the norms, parts of aircraft classified under customs tariff heading 8803 attract 5 per cent IGST while the IGST applicable on other goods is between 18 per cent and 28 per cent, depending on its classification.