Crime

NEW DELHI/BENGALURU: India’s embattled ed-tech company Byju’s is facing an uphill battle for survival after 10 major investors, that make up nearly 60 % of investment, on Friday passed a resolution to eject out the founder and CEO Byju Raveendran while also announcing to approach National Company Law Tribunal (NCLT) against him for being unfit […]

The Burman family, which is the promoter of the leading Ayurveda major Dabur Group has courted a fresh controversy, after CBI sources said that it is widening its probe into transactions done by a rice export company for defaulting more than Rs 700 crore to a consortium of banks between 2010 and 2016 following a consultancy agreement signed by Mohit Burman. Burman, who is already facing a Mumbai Police FIR in connection with the illegal betting racket in Mahadev App betting scandal case as well the accusation of share manipulation and mega investment into Religare Enterprises will be probed over his transactions with rice exporter company Bush Foods and its owners Vir Karan Awasthy and Radhika Awasthy, who had escaped to London.

Other bidders now say that Bhutani Group, facing I-T probe, has taken advantage of financial lacuna in the bid document by YEIDA by quoting such astronomical figure of 18% revenue when the minimum ask was 5 % and that it is also not clear if a tainted real estate company like Bhutani would be in a position to either deliver commercials or handle a sensitive project like this.

NEW DELHI: The Noida Police have raised alarm over the possibility of motivational speaker Vivek Bindra compelling his wife to retract her domestic abuse complaint, shedding light on a concerning pattern witnessed in such cases. A police source told The New Indian, “There is a pattern that can be observed where most wives retract their […]

NEW DELHI: The Enforcement Directorate (ED) is awaiting additional arrests in the Chinese firm Vivo India’s Prevention of Money Laundering Act (PMLA) case, on Tuesday. Presently, the ED has summoned more persons to join the cohort of interim Chief Executive Officer (CEO) Hong Xuquan, alias Terry, alongside consultant Hemant Munjal and Chief Financial Officer (CFO) […]