Khushboo Narayan

Articles By Khushboo Narayan

The cases against Vijay Mallya

The businessman is under investigation by multiple agencies, and faces charges of cheating, criminal conspiracy, money laundering and diversion of loan funds. He has denied wrongdoing.

Dutch officials allege money laundering linked to Reliance promoter group

Strongly deny any suggestion of impropriety, full compliance of rules: RTGIL, now East West Pipeline

After PNB fraud case, Nirav Modi ‘moved’ Rs 89 crore from Singapore to Zurich

India has sought Modi’s extradition for alleged “high value and sophisticated” fraud and money laundering.

88 lakh missing tax filers in year of noteban: I-T denies, facts don’t

Stop filers are individuals who filed returns in earlier years but did not do so in the current year even though they are liable to do so.

SC ruling: Will come out with a revised circular on bad loan resolution, says Shaktikanta Das

“In the light of the Supreme Court order, the RBI will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets,” Das said.

88 lakh taxpayers didn’t file returns in year of noteban, 10-fold jump over previous year

The spike in stop filers, according to officials, could be due to loss of jobs or drop in income due to fall in economic activity following demonetization of Rs 500 and Rs 1,000 notes.

IL&FS case | Loans to Siva Group: SFIO investigating role of Hari Sankaran

Siva Group of companies is a borrower of IL&FS Financial Services Ltd (IFIN) and has defaulted on loan repayment of about Rs 500 crore since 2011, said a source.

Former CMD of IL&FS arrested by serious fraud probe office

The IL&FS Group with total liabilities of Rs 94,000 crore has also come under the scanner of the Enforcement Directorate (ED) for alleged money laundering.

Human embryos smuggling: DRI expands probe to more clinics, to carry out forensic test after recording statement

The DRI is yet to conduct forensic analysis of the seized embryo. An Indian Council of Medical Research (ICMR) guideline to permit regulated import is under consideration by the Union government.

Human embryo smuggling: Mock delivery leads DRI to Mumbai clinic

Malaysia does not permit surrogacy under Islamic law. IVF experts, however, believe Malaysian couples may be exporting their embryos for illegal surrogacy in India. The Surrogacy (Regulation) Bill, 2016, passed by the Lok Sabha in 2018, bans commercial surrogacy but permits altruistic surrogacy.

After Nirav Modi, kin fled India, US firm gave them Rs 50 crore via credit cards: probe

Saumil Diam LLC, a company that has links to both Nirav Modi and his maternal uncle Mehul Choksi, accused of fraudulent transactions at PNB, allegedly allowed Nirav Modi and his kin the use of its corporate credit cards, sources told The Indian Express.

Nirav Modi’s creditor firms that received PNB fraud money linked to his siblings: ED

So far, the ED has established the money trail of $927 million of the $1015 million allegedly diverted by Modi using the LoUs of PNB.

Mehul Choksi firm most likely sold lab-grown diamonds, not natural stones, finds US probe

This was done through a laboratory “secretly” controlled by Mehul Choksi through a British Virgin Islands (BVI) firm, according to a forensic report by John J Carney, the Examiner appointed by the US bankruptcy court.

ED tracks money trail: Videocon to Chanda Kochhar husband’s firm

The amount was part of the Rs 40,000-crore loan that Videocon Group secured from a consortium of 20 banks led by SBI. Almost 86 per cent of the Rs 3,250 crore loan (Rs 2,810 crore) remained unpaid. The Videocon account was declared an NPA in 2017.

ICICI bank-Videocon case: ED questions Kochhars and Dhoot

The questioning of Deepak Kochhar in connection with the investments received by NuPower Renewables Pvt Ltd from various domestic and foreign firms continued till late night, while Dhoot left around 11.30 pm.

ICICI-Videocon case: ED raids Chanda Kochhar’s residence, others

The ED team also searched premises of Matix Group headed by Nishant Kanodia, Videocon promoted by Venugopal Dhoot, and the residence of Dhoot.

ED attaches assets of Nirav Modi, group firms worth Rs 147.72 crore

The assets attached by the ED include the personal art collection of Nirav Modi which include paintings by eminent artists such as Amrita Sher-Gil and M F Hussain among others worth about Rs 50 crore.

ED may summon top IL&FS officials

The I-T department has allegedly identified multiple contracts that IL&FS Rail awarded to shell companies and procured fake invoices against non-existent work to lower its profits.

‘Over-valuation’ of coal imports: DRI moves Supreme Court against Adani Group firms

DRI has moved SC against a September 2018 order of the Bombay HC that granted an interim stay on the use of Letter Rogatory (LR) by the agency to obtain information from foreign jurisdictions.

Between 2014-2018: HNIs, family & EPF trusts subscribed to NCDs and preference shares of IL&FS

IL&FS Group has a debt of about Rs 94,000 crore and has defaulted on repayments to its bondholders.