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SC Pulls Up SEBI for Issuing a Show Cause Notice after 10-year Probe in AMFL Case

While criticising the Securities and Exchange Board of India (SEBI) for issuing a show cause notice (SCN) to a company ten years after conducting an investigation, the Supreme Court has directed the market regulator to hold an inquiry into the delay and submit a report. In the case of alleged misuse of funds raised through preferential allotment by Alps Motor Finance Ltd (AMFL), SEBI had challenged an order passed by the securities appellate tribunal (SAT).
Justice Belam Trivedi Brij Bhushan Sabharwal Amit Kapoor Justice Tarun Agarwala Chander Bhusan Justice Sanjiv Khanna

NBI asks DoJ to stop cult leader from leaving PH amid ongoing probe

THE National Bureau of Investigation (NBI) sought the issuance of a precautionary hold departure order (PHDO) against the leader and members of an alleged religious cult in Surigao del Norte on charges filed against them before the Department of Justice (DoJ).
Surigao Del Norte Province Of Surigao Del Norte Jovelitol Atchecoso Giovanni Leoginc Lasala Jesus Crispin Remulla Jose Dominicf Clavano

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NBI seeks PHDO vs members of religious 'cult'

THE National Bureau of Investigation (NBI) has sought the issuance of a precautionary hold departure order (PHDO) against the leader and members of the Socoro Bayanihan Services Inc. (SBSI), an alleged religious cult, to prevent them from leaving the country pending the resolution of the complaints filed against them.
Surigao Del Norte Province Of Surigao Del Norte Janeth Ajoc Jovelito Atchecoso Mamerto Galanida Jose Dominic Clavano

Socorro cult bid to do PI in Surigao nixed • Joel R. San Juan

JUSTICE Secretary Jesus Crispin Remulla said on Monday a panel of prosecutors is now being formed to handle pending and future complaints in relation to the alleged illegal activities of the so-called Socorro cult (Socorro Bayanihan Services Inc. or SBS) in Sitio Socorro, Surigao del Norte. At a press briefing, Remulla also turned down the
Davao Oriental Surigao Del Norte Province Of Surigao Del Norte Norte Riza Rafonselle Timcang Jesus Crispin Remulla Sitio Socorro

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