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The Directorate of Vigilance and Anti-Corruption (DVAC) on Thursday arrested three persons including an official from the Coimbatore Corporation on charges of accepting bribe. Officials said A. Nirmal Kumar (41), a surveyor attached to the East Zone office of Coimbatore Corporation at Singanallur along with a retired survey field officer A. Natarajan (67) and a tout N. Pradeep Kumar (38) were arrested.
Nirmal Kumar allegedly demanded ₹ 6,000 from the complainant for a patta name transfer process and instructed him to give it through Natarajan. Based on the complaint, the DVAC sleuths led by Deputy Superintendent of Police T.H. Ganesh laid a trap on Thursday, during which Natarajan allegedly asked to give the bribe to Pradeep Kumar. All the three accused were subsequently booked under sections of the Prevention of Corruption Act and were remanded in judicial custody, according to the officials. The DVAC sleuths also conducted raids at the East Zone off
‘Fake Crypto currency’ case, HC denies bail to duo
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‘Fake Crypto currency’ case, HC denies bail to duo
Swati Deshpande / TNN / Feb 10, 2021, 23:47 IST
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MUMBAI: Bombay high court on Monday rejected the bail applications of two accused in a 2018 ‘fake crypto currency’ case that involved duping of 15800 investors of over Rs 113 crore through schemes such as ‘cryptozanania’ they and absconding aides allegedly floated.
“Evidence also suggests, money invested…has been diverted in the companies established in countries say Poland, England, Harju County, Dubai-UAE, Switzerland,’’ said the HC observing that key accused is yet to be traced and their release may hamper further probe.
Former top executives of ITNL arrested
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In complaint, Chennai firm alleges that it lost ₹200 cr. in debentures
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In complaint, Chennai firm alleges that it lost ₹200 cr. in debentures
Former top executives of IL&FS Transportation Networks India Ltd (ITNL), Mumbai, were recently arrested by the Economic Offences Wing of the police on charges of cheating a Chennai-based private company.
According to sources, Ramchand Karunakaran, former managing director, and Hari Sankaran, former vice-chairman and director of ITNL, were arrested in Mumbai on January 27.
They were produced before the Special Court for cases under the Tamil Nadu Protection of Interest of Depositors Act and remanded in the Saidapet sub-jail.
Three get 10 years imprisonment in emu scam
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A special court on Friday sentenced three persons including a former police constable to undergo 10 years of imprisonment for cheating depositors to the tune of ₹ 4.3 crore in a 2012 emu contract farming scam.
Gayathri Sri, who was a Grade-II police constable at Siruvalur police station in Erode district, and her husband Karthik Shankar were the directors of K.G. Bright Livestock India Private Limited at Gobichettipalayam. Sabeen Kanna was the manager of the private firm, court sources said. The firm cheated 98 depositors since its establishment in 2010 by advertising five different schemes for rearing emus and inviting investments.
Four of a family from Salem convicted in emu scam
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They had duped 547 investors of ₹ 7.95 crore in two different scams
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They had duped 547 investors of ₹ 7.95 crore in two different scams
The special court for Tamil Nadu Protection of Interests of Depositors Act cases in the city on Monday convicted four members of a family from Salem for duping 547 investors of ₹ 7.95 crore in two emu scams.
Special court judge A.S. Ravi convicted the four persons in two different cases investigated by the Economic Offences Wing (EOW), Salem.
In the first case, the court awarded 10 years of imprisonment to C. Ranjithkumar (40) from Sastha Nagar near Suramangalam in Salem, his wife R. Radha (37), and her brother R. Raja (43) from Katheri in Salem.