Snehal khanna Blog

From the so-called Ketan Parekh (K-10) stocks to Unitech and DB Realty, scam-tainted stocks have fallen by 90 per cent or more from their all-time highs LATEST NEWS:  Nearly a dozen companies that have been named in various scams, frauds or price rigging at the bourses in over two decades have lost over 90 per cent of their market value from their all-time high levels, data show. For instance, sample the stocks related to Ketan Parekh, the former stock broker from Mumbai convicted in 2008 for his involvement in the Indian stock market manipulation scam in late 1998 to 2001. Some of the famous Ketan Parekh (K-10) stocks like Himachal Futuristic Communication (HFCL), GTL and Pentamedia Graphics – and Mukta Arts, Tips industries and Pritish Nandy Communications, in which Ketan Parekh had a huge exposure – are currently trading up to 99 per cent lower than their peak levels recorded in 2000. During the 1998-2001 period, Parekh artificially rigged prices of select stocks (in...

Special Judge O P Saini acquitted all the accused, including then Telecom Minister A Raja and DMK MP Kanimohi, in both the cases filed by the CBI and ED LATEST NEWS :  A Delhi court on Thursday acquitted all the accused in the alleged multi-thousand crore rupee 2G spectrum scandal. Special Judge O P Saini acquitted all the accused, including then Telecom Minister A Raja and DMK MP Kanimohi, in both the cases filed by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED). The alleged scam on the issuance of licences and allocation of 2G spectrum by the Department of Telecom occurred during the Congress-led UPA government's first tenure in 2008 but was widely reported in 2010 following a report by the Comptroller and Auditor General of India (CAG). Congress leaders said that the verdict vindicated then Prime Minister Manmohan Singh and the UPA's stand that there was no scam in the allocation of spectrum and licences to telecom companies. ...

The Haryana Police had earlier claimed that Pradhuman was killed by school bus conductor Ashok Kumar inside the toilet as the boy resisted a bid to sodomise him. LATEST NEWS :  A 16-year-old student of Ryan International School in Gurugram who wanted exams and a scheduled meeting between teachers and parents delayed is the prime accused in the murder of Class 2 student Pradhuman Thakur , the CBI said on Wednesday. CBI spokesperson Abhishek Dayal said the Class 11 student was detained on Tuesday night after "inspection of the crime spot, scrutiny of CCTV footage, call records, statements and questioning of several people" revealed that he had carried a knife inside the school campus on the day of the crime and used it to kill his junior school mate. "The weapon used in the commission of crime is a knife which was recovered initially by police in Gurugram (Haryana). It is now with us," Dayal told reporters here. He said the detained student was w...

CBI, ED preparing chargesheet to strengthen extradition case; Mallya alleged to have systematically duped banks by repaying some loan and borrowing more after gaining their confidence Strengthening the case for fugitive businessman Vijay Mallya's extradition from the United Kingdom, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are reported to be preparing a charge sheet alleging the former liquor baron laundered a major chunk of the Rs 6,027-cr loan taken for the defunct Kingfisher Airlines. Mallya, the 61-year-old chief of the erstwhile Kingfisher Airlines who owes over Rs 9,000 crore to IDBI Bank and various other Indian banks, had fled India to escape legal proceedings in connection with default on the loan repayment. The money, borrowed from a consortium of banks led by State Bank of India, was allegedly diverted through shell firms in seven countries, including the United States (US), the UK, France and Ireland, The Times of I...

This could be the first instance of a GST Council official being arrested by the CBI LATEST NEWS :   A superintendent of the newly-established GST Council has been arrested by the CBI for allegedly receiving bribe through one of his close aides. Monish Malhotra, the superintendent, and Manas Patra, the alleged middleman, were arrested by the Central Bureau of Investigation (CBI) last evening, an official said. This could be the first instance of a GST Council official being arrested by the central investigating agency. It is alleged that Patra, a tax consultant, on the instruction of Malhotra, who was earlier posted in the Central Excise, had collected illegal gratification from a number of private parties in the past few days, which was to be delivered to Malhotra yesterday. READ THIS: First Rajan, now Panagariya: Decoding the link between the two exits

However, the actors are not mentioned as either accused or suspects by the Uttar Pradesh Police Latest news : The CBI has taken over investigation of the Rs 500 crore online ponzi scam allegedly by Ghaziabad-based Webwork Trade Links. Bollywood actors Shah Rukh Khan and Nawazuddin Siddiqui, who endorsed its portal Addsbook.Com, are also named in the complaint. Promoters of Webwork Trade Links, Anurag Jain and Sandesh Verma, duped people using the two actors as brand ambassadors of his shadow firm addsbook.Com, the complaint alleged. According to the complaint, which is now part of the FIR, the company opened a "shadow company", Addsbook Marketing Pvt, which was launched on December 10, 2016 with brand ambassadors "Nawazuddin Siddiqui and Shahrukh Khan". "People have invested heavily as they were influenced by both celebrities," it alleged. However, the actors are not mentioned as either accused or suspects by the Uttar Prades...

Abu Salem has been charged with supplying arms and ammunitions for the blasts Latest news : During its hearing in the second leg of the 1993 Mumbai serial blasts case, a special Terrorist and Disruptive Activities (Prevention) Act (Tada) court in Mumbai on Friday convicted Abu Salem, Firoz Khan, Mustafa Dossa, Tahir Merchant and Karimullah Shaikh on charges including criminal conspiracy and murder. The special court is hearing cases against mafia don Abu Salem and six others.  Tahir Merchant and Firoz Khan have been convicted on charges of conspiracy and murder under sections of the Indian Penal Code (IPC), TADA and Explosives Act, while Mustafa Dossa has been found guilty of conspiracy, murder and terror activities. The blasts that rocked 13 sites in Mumbai on March 12, 1993, had left 257 people dead and 713 injured, besides causing destruction of properties worth Rs 27 crore. In the first leg of the trial, the Tada court had convicted 100 accused in the...