Subrata Roy’s plea rejected in bond sale caseThe Special Court in Mumbai is expected to soon frame charges against the accused- Sahara chairman Subrata Roy and his accomplices under the Securities and Exchange Board of India (Sebi) Act, considered to be the first stage for the commencement of trial.
Iqbal Mirchi’s Mumbai property set to be auctionedSafema authorities have fixed a reserve price of Rs 3.45 crore for the 1245-sq feet flat at the plush Juhu Tara road in suburban Mumbai belonging to Mirchi. The winner will have to deposit Rs 86.50 lakh as earnest money.
Income Tax department raids BMC contractorsIT said they had conducted search action in Mumbai and Surat on November 6 on entry providers and beneficiaries who have been engaged in execution of civil contracts mainly BMC.
SFIO to probe fund diversion at CG Power“The probe had found certain instances of funds being transferred to the promoter's company. When Thapar was confronted with the same, he refused to give satisfactory replies,” added one of the officials cited above. There was no response from Thapar or the company to a query on this matter from ET.
Iqbal Mirchi probe: Dheeraj Wadhawan joins ED probeLast month, ED had carried out raids at eight locations including DHFL headquarters in connection with the Rs 2,186 crore loan given by the NBFC to Sunblink Real Estate, a company under probe for its dealing with erstwhile gangster Iqbal Memon alias Iqbal Mirchi. Earlier based on ED’s request, a look out circular (LoC) has been opened against, Wadhawan.
Mirchi Case: Wadhawans quizzed by EDThe Enforcement Directorate questions Wadhawan brothers about loans amounting Rs 2,186-crore, extended to property firm Sunblink Real Estate that is allegedly involved with gangster Iqbal Memon alias Iqbal Mirchi. However, DHFL denies the allegation.
Enforcement Directorate summons NCP leader Praful PatelThe summons follows the recent searches and seizures made by the federal agency where it has stumbled a 2007 confirmation deed entered into between Millennium Developers and the family members of late drug lord Iqbal Memon alias Iqbal ‘Mirchi’.