Khushboo Narayan

Articles By Khushboo Narayan

ED likely to attach assets of three borrowers of IFIN

Sources said that the agency is looking to attach a Rs 1,000-crore plant of ABG Shipyard in Gujarat, a few properties belonging to Nikhil Gandhi-promoted SKIL Infrastructure and Viren Ahuja-promoted Flemingo Geowork. 

Bhushan Steel former promoter Neeraj Singal likely to appear before ED this week

Earlier this year, Singal and his father, Brij Bhushan Singal, were arrested by the Serious Fraud Investigation Office (SFIO).

Adani firms’ coal imports: DRI to move SC against High Court order

In an affidavit filed on November 1, the DRI said it “is considering to take appropriate legal remedies available to it and therefore is likely that SLP (special leave petition) would be filed with the honorable Supreme Court to claim appropriate reliefs”.

Delhi to Brussels, ties of two groups behind EU MPs’ trip go way back

The IINS, a think tank, was founded in 1980 by Pramila's husband Govind Narain Srivastava.

Under scanner: Deal between Mirchi’s son and Bhushan Steel

Sources told The Indian Express that in 2010, Sur Buildcon Pvt Ltd (now Globus Realinfra Pvt Ltd) issued a draft of about Rs 19 crore in favour of Junaid Iqbal Memon, which was later cancelled.

Debt-laden DHFL loaned to firms tied to its promoters: ED probe

Kapil Wadhawan and Dheeraj Wadhawan, popularly known as Baba Dewan, are the promoters of DHFL, a housing finance company that has a debt of Rs 1 lakh crore.

Big setback for DRI in Adani probe, HC scraps its global info requests

Says agency should have registered FIRs first but doesn’t go into merits

Exclusive | DRI’s 29,000 cr coal case: Bombay HC rules in favour of Adani Enterprises

The high court order assumes significance as apart from the Adani Group, the DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), two Essar Group firms and a few public sector power firms

ED seizes four flats of former PMC chairman, identifies land with links to HDIL promoters

Earlier this week, ED identified 160 acres of land worth Rs 125 crore, owned by Vijaydurg Ports.

ED finds Praful Patel used plane owned by HDIL associate firm

The aircraft used by Patel is owned by Privilege Airways Private Limited, which has borrowed approximately Rs 102 crore from Punjab and Maharashtra Cooperative (PMC) Bank.

Explained: Alleged links between Praful Patel and Dawood aide Iqbal Mirchi

The ED has alleged that the sale of the land to Millennium Developers was done "through dubious means", and that the sale proceeds were "laundered" by Mirchi. Praful Patel and his wife Varsha Patel are shareholders of Millennium Developers.

PMC Bank case: ED identifies assets worth Rs 3830 crore of HDIL

The ED has also identified two foreign properties of the Wadhawans in the UAE and UK. Apart from this, the probe agency has also seized fixed deposits of Wadhawans and the former chairman of PMC Bank, Waryam Singh.

Fraud money trail: Revenue zero, but web of firms linked to HDIL got PMC bank loans

The wrongdoings at PMC Bank suggest laxity in RBI’s regulatory oversight. Increasing the deposit insurance limit, static at Rs 1 lakh for more than 25 years now, will provide immediate comfort to depositors.

HDIL, PMC bosses were ‘horsing’ around as well

Both Wadhawan and Singh have been arrested by the Economic Offences Wing (EOW) of the Mumbai police for their involvement in the Rs 4,355.46-crore PMC Bank fraud.

PMC bank case: ‘ED searches Wadhawan’s friend’s house, says it may have been a Rs 100-crore gift’

PMC Bank has an exposure of over Rs 6200 crore to HDIL. The real-estate firm is also facing bankruptcy proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code.

‘Tax chief told me to drop sensitive case, said he was secure after acting against Oppn leader’

This is the key allegation in an unprecedented complaint against the nation’s top tax administrator by Alka Tyagi, who was Chief Commissioner of Income Tax (Unit 2) in Mumbai when she sent her complaint to Finance Minister Sitharaman on June 21.

‘Deranged joke’: UK firm used names of Shah Rukh, Salman’s family for its records

According to Companies House, the UK government agency that maintains a record of companies, Bros Brother International Ltd was set up on December 28, 2016.

Break-in reported in sensitive Income-Tax unit in Mumbai

Officials said the break-in was discovered by Income Tax security staff in the morning when they found locked cupboards broken in and ransacked — several files and papers were “lying in disarray” a member of the administration team employed in the building said.

Interpol issues Red Notice against Nirav Modi’s brother Nehal

Nehal Modi, in his appeal to the Interpol commission, had said that he will not get a fair trial if he is extradited to India. He said he had “no institutional ties” with Nirav Modi’s companies and the sale of 50 kg gold of a liquidated firm was “legal”.

PNB scam: Interpol issues Red Corner Notice to Nirav Modi’s brother Nehal

Earlier this year, the ED had requested the Interpol to issue a Red Notice against Nehal for his role in helping Nirav Modi. It found Nehal "knowingly and intentionally" assisted Nirav in concealing the alleged laundering of money and "destroying evidence".

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