Corporate Fraud News - Latest Updates & Headlines
Sun TV shares fall over 5 pc after legal dispute between Maran brothers
Mumbai, June 20: Shares of Sun TV Network Limited dropped over 5 per cent on Friday morning after a legal dispute emerged between the Maran brothers — Dayanidhi Maran and Kalanithi Maran.
Gensol Engineering's stock sinks over 95 pc, investors lose nearly Rs 4,000 crore
New Delhi, June 11: Investors in the Gensol Engineering Limited (GEL) have suffered a massive loss to the tune of nearly Rs 4,000 crore as the stock of the fraud-hit company sank by more than 95 per cent.
NCLT freezes Gensol's bank accounts amid allegations of financial misconduct
New Delhi, May 29: The National Company Law Tribunal (NCLT) in Ahmedabad has ordered the freezing and attachment of all bank accounts and lockers belonging to Gensol Engineering Limited and its associated entities.
MCA probe against Gensol to be completed in 3-5 months: Sources
New Delhi, May 20: The Ministry of Corporate Affairs (MCA) investigation in Gensol Engineering case, encompassing 18 companies, will be completed in 3-5 months, sources told ANI.
Jaggi brothers resign from top posts at scam-hit Gensol Engineering
Mumbai, May 12: Scam-hit Gensol Engineering Ltd informed the stock exchanges on Monday that the company's Managing Director Anmol Singh Jaggi and his brother, whole-time Director Puneet Singh Jaggi, have resigned from their posts and, consequently, also cease to be members of various committees of the company.
How BluSmart promoters diverted EV loans, bought flat in DLF Camellias
Mumbai/New Delhi, April 16: In a shocking revelation, Gensol Engineering Limited (GEL) promoters Anmol Singh Jaggi and Puneet Singh Jaggi have been found to be diverting funds meant for electric vehicle (EV) procurement to buy a luxury apartment in Gurugram's upscale residential project -- The Camellias by DLF.
Harvey Weinstein sues his own brother over syphoning of funds under false pretence
Los Angeles, Feb 18: Disgraced Hollywood producer Harvey Weinstein has triggered a legal battle with his own brother. The 72-year-old producer, who is currently in jail for sex crimes and awaiting trial on further similar charges, has accused Bob Weinstein and David Glasser, the Weinstein Company's chief operating officer, tricking him into guaranteeing a $45 million loan.