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Enforcement Directorate (ED) has uncovered a complex money laundering scheme worth 280 crore in Chennai. Funds were channeled through shell companies and the Mauritius route to acquire prime real estate. The investigation also revealed the utilization of cash in liquor businesses and other illicit activities. Learn more about the investigation and its findings.
The Directorate of Vigilance and Anti-Corruption in Chennai has registered an FIR against three builders for allegedly bribing officials and representatives between 2015 and 2017. The accused individuals are T Udhayakumar, Sunil Khetpalia, and Maneesh Parmar. The case involves payments totaling over ₹50 crore. | Latest News India
The Directorate of Vigilance and Anti-Corruption (DV&AC) has registered a case against two Chennai builders for bribing former MPs, MLAs, and government officials. The builders are accused of making cash payments of Rs 50 crore to public representatives and officials between 2015 and 2017. Learn more about this bribery case and the involved builders.
In a writ petition filed by Binny Ltd and one of its promoters, M Nandagopal, against the Securities & Exchange Board of India (SEBI), a Bombay High Court bench of Justice Gautam Patel has observed a “specific finding based on a forensic audit report of an alleged diversion of funds of Rs851.27 crore” and also a “reference to loss to investors” in the said forensic audit report.