Madras High Court Orders Church Of South India Trust To Appear Before RoC, Respond To Charges Of Irregularities
by M R Subramani - Feb 2, 2021 08:45 AM
Madras High Court (Picture Credits- Facebook/Readinfo)
Snapshot
The High Court found some of the allegations such as misappropriation of funds of SCI Kalyani Hospital in Chennai, CSI Christ Church at Gandhipuram in Coimbatore, various hospitals and educational institutions and sale or mortgage of the churchâs land serious.
The Madras High Court has asked the Church of South India Trust Association (CSITA) to submit a detailed explanation to a Registrar of Companies (RoC) notice within two weeks on various allegations of irregularities by it.
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.
: Saturday, January 30, 2021, 2:30 AM IST
We re a country remarkably tolerant of the fake and fraudulent in every field, writes Anil Singh
Educational institutes are deluged with fake certificates from students and employers struggle to distinguish the genuine from the fake. In fact, we donât see it as forgery but as âjugaadâ. Included in this fake-in-India cottage industry are forged missives, certificates and recommendations from high offices, including the PMO.
The film âKaagazâ featuring Pankaj Tripathi reflects on the reality of forgeries in documents
The alleged forgery that was recently detected in a file signed by CM Uddhav Thackeray is just the tip of the iceberg of dubious government records in a country that is remarkably tolerant of the fake and fraudulent in every field.
NSEL scam | Anjani Sinha s arrest: How things unfolded
The Central Bureau of Investigation, Serious Fraud Investigation Office and Enforcement Directorate have been investigating the NSEL scam.
Representative image
The economic offences wing (EOW) of the Delhi Police has arrested Anjani Sinha, the former managing director of National Spot Exchange Limited (NSEL), on January 17 evening for fictitious trading on the exchange, and
creating false stocks. Seven years after the NSEL scam broke out, the Delhi Police expedited investigation into this case.
The NSEL scam shocked every segment of investors in the market when it was unearthed in 2013. Even today, the aftershocks can be felt.
WHAT IS IL&FS CRISIS IL&FS Crisis Infrastructure Leasing & Financial Services (IL&FS) is a non-banking financial company (NBFC), or shadow bank . Established over 30 years ago, the conglomerate funds infrastructure projects across India. Some of the projects it has helped develop are 9-km Chenani-Nashri tunnel (India’s longest road tunnel), Delhi-Noida Toll Bridge, Ranchi-Patratu Dam Road, Baleshwar-Kharagpur Expressway, Tripura Power Project, and Gujarat International Finance Tech-City (GIFT). Among IL&FS shareholders are LIC, SBI, Japan s Orix Corporation, HDFC and CBI. The subsidiaries of IL&FS include transportation network subsidiary IL&FS Transportation Networks Ltd (ITNL), engineering and procurement company IL&FS Engineering and Construction Co Ltd and financier IL&FS Financial Services Ltd.