Enforcement Directorate launches searches at residence of T.N. Electricity Minister V. Senthilbalaji in Karur
Officials of the Enforcement Directorate launched searches at the residences of Tamil Nadu Minister for Electricity, Excise and Prohibition, V. Senthilbalaji and his acquaintances, in Karur on Tuesday. searches were also carried out at the Minister’s residence in Chennai. Key Points
The HinduED searches 12 locations linked to Tamil Nadu minister Senthil Balaji
The searches are taking place in connection with a job scam allegation. Senthil Balaji’s official residence on Greenways Road and his brother Ashok’s house in the vicinity are among the premises being searched. Key Points
The Indian ExpressCBI conducting searches over 'graft' in contract for Rs 2,200-crore Kiru Hydro Power Project in J&K
Three premises of the company and Duggal in Delhi and one each in Shimla, Noida and Chandigarh are being covered during the operation, the officials said. This is the fourth round of searches in the case in which the Central Bureau of Investigation (CBI) had already carried out similar operations on April 21 and July 6 last year and May 17 this year, they said. Former J&K governor Satya Pal Malik, had alleged that he was offered a Rs 300-crore bribe for clearing two files, including the one pertaining to the project. Key Points
Economic TimesCops search European Parl over suspected Russian interference
Belgium’s federal prosecutor’s office said on Wednesday that police carried out searches at the residence of an employee of the European... Key Points
The Tribune IndiaHere’s why Manappuram Finance shares crashed 10% today
At around 12:30 pm, shares of Manappuram Finance were down 9.56 per cent at Rs 117.30 apiece. Here's why shares of the non-banking financial company crashed on Wednesday. Key Points
India Today
Income tax officials ‘visit’ Chinese computer-maker Lenovo's office in India for 'search op'
It wasn’t immediately clear why these searches were conducted. Lenovo is one of several Chinese tech companies that central government has accused of evading GST & customs duties. Key Points
ThePrintED's searches at corporates may tarnish business prospects, constrict funding access: Fitch
Fitch Ratings said that Indian law-enforcement agencies' investigations could potentially damage a corporate's business reputation and constrict funding access, particularly when there is reduced market confidence, despite no wrongdoing being identified. This warning comes after the recent searches by the Enforcement Directorate at Manappuram Finance. Key Points
Economic TimesCrores in cash, jewellery seized by ED during searches in Nagpur, Mumbai
The Enforcement Directorate seized gold and diamond jewellery worth Rs 5.51 crore and Rs 1.21 crore cash in a fraud case. Key Points
India TodayByju's founder reassures employees of full compliance with FEMA rules after ED-led searches
The investigation against the platform was initiated on the basis of several complaints. During the investigation, a summons was issued to the founder and CEO, Raveendaran Byju. Key Points
India TodayByju’s ED probe: Byju Raveendran tells staff all cross-border transactions duly vetted
The ED has conducted search and seizure actions on several premises linked to the company in Bengaluru. ED had conducted these searches as part of a probe into alleged violation of foreign exchange rules around the investments received and transfer of funds abroad by the edtech firm. Key Points
Economic Times
Income Tax officials resume searches in Karur at premises of arrested T.N. Minister Senthilbalaji’s acquaintances
Income Tax officials on Friday resumed searches in Karur at the residences of persons acquainted with Minister V. Senthilbalaji, who is under the custody of Enforcement Directorate, after being arrested in a money laundering case, on June 14, 2023. Key Points
The HinduDVAC conducts searches at residence of IAS officer, S. Malarvizhi, in Chennai
Sleuths of the Directorate of Vigilance and Anti-Corruption (DVAC) are conducting searches at five places in Chennai, including the residence of an Indian Administrative Service (IAS) officer, S. Malarvizhi who was allegedly involved in a scam involving the procurement of receipt books. Key Points
The HinduTravel trends 2024: Patna, Varanasi feature in most searched travel destinations; still Goa tops chart. Full list here
India's top airports in Delhi, Mumbai, Bengaluru, Hyderabad, and Kolkata reflect the nation's passion for travel. Wowtickets.com survey shows growing interest in tier two cities like Pune and spiritual destinations like Varanasi. Key Points
mintTamil Nadu Guv dismisses DMK's Senthil Balaji from Council of Ministers
Earlier, the ED had conducted searches at Senthil Balaji's official residence on the Greenways Road in Chennai. searches were also conducted at the houses of his brother Ashok Kumar in Chennai and Karur. The ED was carrying out searches based on the Supreme Court directions to the central agency to continue its investigation. Key Points
Economic TimesStretched timelines: What’s extending the duration of CEO & CXO searches?
Many seasoned pros are dropping off at the fag end of the notice period even after accepting an offer, said at least half a dozen leadership search companies. This is leaving companies, leadership consultants and even boards in a quandary as the time taken to fill a CEO/CXO vacancy - from the start of a search process till the person joins the new company - has extended more than ever before, said people linked to C-suite searches. Key Points
Economic Times
ED searches DLF’s Gurugram office in connection with money laundering probe against Supertech
Agency did not officially comment on DLF’s connection with the Supertech case. The searches are connected to the inquiry into the money diverted by Supertech builders, it is learnt. Key Points
ThePrintBrightcom's troubles mount as ED conducts searches at 5 offices, residences of top officials
ED said that it has found several violations by the company under the provisions of FEMA and has recovered Rs 3.3 crore in cash and gold jewellery worth Rs 9.3 crore Key Points
Business TodayED searches 9 locations linked to businessman Anand Jain in connection with FEMA case
Anand Jain's company had received funds amounting to around 300 million USD from Mauritius-based firms. A case under the Foreign Exchange Management Act (FEMA) was filed by the ED against him. Key Points
India TodaySIA conducts raids in connection with terror-funding case in J&K
They said the searches were carried out by the SIA sleuths, who were assisted by police and Central Reserve Police Force (CRPF) personnel. The searches were part of an ongoing probe into a terror-funding case, the officials said. Key Points
Economic TimesTop 10 donors spent Rs 3,800 crore on electoral bonds: Details of cases against them
The data shows that the top 10 donors roughly made donations worth Rs 3,800 crore to political parties via electoral bonds. Interestingly, these firms have undergone varying degrees of investigation by central probe agencies. Here are the details. Key Points
India Today
Excise policy scam: BRS leader K Kavitha taken into custody, being brought to Delhi for questioning
BRS MLC K Kavitha detained post searches at Hyderabad home by I-T, ED officials from New Delhi. It was not clear if the action is linked to the now-scrapped Delhi excise policy linked case of the central agency in which the ED has questioned the BRS MLC and daughter of former Telangana chief minister Chandrashekar Rao. Key Points
Economic TimesED raids Hiranandani group over alleged FEMA violations
The Enforcement Directorate (ED) has conducted searches on properties linked to Mumbai-based real estate developer Hiranandani Group as part of an investigation into alleged forex violations. The searches were carried out at five locations in Mumbai and adjoining areas. The probe is related to investments in a trust based in a tax haven, where the promoter and his family members are alleged beneficiaries. Key Points
Economic TimesEnforcement Directorate conducts searches on India Cement premises in Chennai
Shares of Chennai-based cement sector major were trading at Rs 239.40, down by 8.40 per cent, at 10.50 AM. Key Points
Business TodayED issues summons to Rohit Pawar in alleged money laundering case
Rohit Pawar, the grand-nephew of Sharad Pawar and NCP leader, has been summoned by the ED in connection with the alleged MSC Bank scam. In January first week, the agency conducted searches at several locations, including Baramati Agro Pvt.Ltd, which is linked to Rohit Pawar. The NCP and Pawar have called the case politically motivated. Key Points
Economic TimesInstagram, Snapchat, X or Threads; which was the most deleted app of 2023?
TRG Datacentres analyzed the number of searches for 'how to delete (my) ___ account' to determine which social media companies have lost favor with users. Instagram topped the list with over 1 million searches per month for deleting accounts, potentially signaling trouble for the platform. Key Points
mint
Odisha cash haul: I-T department winds off raids after ten days; sends report to CBDT
The Income-tax department concluded raids on Boudh Distillery Pvt. Ltd. (BDPL), an Odisha-based distillery firm owned by Congress MP Dhiraj Prasad Sahu's family and linked entities. The ten-day search, ending on December 15, resulted in a record cash haul of Rs 351 crore. searches included the family house of the Congress MP in Ranchi and various entities. Key Points
Economic TimesChandrayaan-3 to G20: 2023 landmarks reflect in list of top trending Google searches by netizens in India
India's 2023 year saw significant global events, such as Chandrayaan-3 and G20, leading to top trending searches in the country. People connected over memes, embraced self-care and technology, enjoyed culinary delights, and grappled with local and global developments. The India National Cricket team ranked as the top trending cricket team worldwide, with Shubman Gill and Rachin Ravindra emerging as top trending cricketers. Key Points
Economic TimesDelhi police lodges FIR against Hero Moto Chairman Pawan Munjal, alleging forgery
An FIR has been filed against Hero MotoCorp Chairman Pawan Munjal by the Delhi Police for allegedly falsifying accounts and availing tax credits on fake bills. The FIR accuses Munjal of forgery, cheating, and falsifying the books of accounts. Earlier this year, the Enforcement Directorate conducted searches against Munjal as part of a money laundering investigation. Key Points
Economic TimesED raids at 25 locations for alleged forex violations by gaming apps
The Enforcement Directorate (ED) on Wednesday conducted fresh searches at 25 locations for alleged forex violations by gaming apps. Remittance of Rs 4000 crore send in the guise of payments for import of good and services, stated ED. Key Points
Economic TimesPornhub users flock to 'The Legend of Zelda: Tears of the Kingdom' game, reveals surprising statistics
The term ‘zelda’ experienced a surge in online searches on Pornhub. Specifically, on May 7, there was a 357 per cent increase in search popularity for the term, compared to typical periods. Key Points
mint
NIA searches 122 locations in 6 states in terrorist groups-gangsters nexus case
According to the details available so far, NIA teams raided a few suspected houses in Haryana, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, and Madhya Pradesh. A team of NIA officials, comprising around a dozen officials, went to all these locations at around 4 am. Key Points
The Indian ExpressED searches Mumbai offices of Deloitte India, KPMG unit
The ED searched the Mumbai offices of Deloitte Haskins & Sells (DHS), the Indian arm of Deloitte, and KPMG associate firm BSR & Co. DHS had rotated out as IFIN's auditor in fiscal 2018,while BSR resigned from the role in June 2019 after allegations of irregularities at the non-bank finance company came to light. Key Points
Economic TimesNIA raids multiple locations in Jammu & Kashmir, searches underway in Poonch
Searches are underway in south and central Kashmir, sources said. Raids are also being reported from the twin border districts of Rajouri and Poonch. Key Points
India Today