Sushant Singh Rajput asked to close bank account; cancelled request days later: Report

Reports on IANS claim that Rhea will be asked to submit the details of her bank statements and amount of money received from other bank accounts and if any transactions happened from Sushant’s Kotak Mahindra bank account as alleged by his father K.K. Singh in his complaint to Patna Police on July 25. Sushant’s father […]

Cash pilgrims and bricks of money: HSBC Swiss bank operated like cash machine for rich clients

More normal withdrawals were equivalent to £10,000 to £20,000 a time. The UK cash pilgrims also included property traders, a diet clinic owner and a toy manufacturer. In one ingenious racket, HSBC manager Nessim Elmaleh pleaded guilty in 2013 to a deft laundering operation in which wealthy HSBC clients in Paris would get untraceable cash […]

CBI takes up investigation into ₹45-cr. fraud at Indian Bank

Requesting the CBI to investigate the role of Sermathiraja and others in the case, the bank accorded sanction under the provisions of Section 17A of the Prevention of Corruption Act, 1988, to the agency. Investigators said the accused committed several other offences and caused huge amount of wrongful loss of public money.

USSD: Banks owe telcos N17bn, says Danbatta

Speaking on behalf of the telcos, Chairman of Association of Licensed Telecom operators in Nigeria, ALTON, Engr Gbenga Adebayo, said while the telcos see the reviewed determination on Unstructured Supplementary Service Data, USSD, pricing as a welcome development, it would also be pertinent for all stakeholders to impress it on the banks, the responsibility to […]

Banks sanction around 44% of targeted Rs 3 lakh crore in liquidity support to MSMEs: CARE Ratings

Public sector banks (PSB) lead in terms of their share in the loans sanctioned and disbursed, as per the report. Of the total loan amount sanctioned and disbursed as on July 23, PSBs’ share stood at 55 percent and 58 percent respectively. Meanwhile, private banks had sanctioned and disbursed around 45 percent and 42 percent of the […]

Coronavirus: Millions for small business ‘sitting in council accounts’

For the small businesses grant they must be based in England, occupy property for business use and have been eligible for relief on various rates by 11 March 2020.To access the retail, hospitality and leisure grant the business must be mainly used as a venue for hospitality, retail or leisure. Some charities can also apply.Brent […]

Let banks pay power companies directly to avoid delays: Cabinet Secy-led panel

New Delhi: An empowered committee headed by cabinet secretary PK Sinha has suggested strong policy measures to revive stressed power plants with improved coal availability and by ensuring timely payments from state utilities with the help of banks and, if necessary, the Reserve Bank.The panel suggested that banks can make direct payments to companies by […]

Sushant Singh Rajput case: ED grills Rhea, brother in money laundering probe

Actor’s father and manager also questioned for more than eight hours over Rajput’s father’s allegations related to financial irregularities and control of his life for their own advantage. The Enforcement Directorate (ED) on Friday grilled Sushant Singh Rajput’s girlfriend, Rhea Chakraborty, her brother Showik and two others for more than eight hours in connection with […]

Rhea Chakraborty reaches ED office with brother Showik to record her statement in money laundering case

Rhea has not commented on the allegations levelled against her. However, she shared a self-made video, in which she expressed her faith in the judiciary. “I have immense faith in God and the judiciary. I believe that I will get justice. Even though a lot of horrible things are being said about me on the […]

Sushant Singh Rajput case: ED interrogates Rhea Chakraborty but the actress remains evasive

The Enforcement Directorate (ED) on Friday questioned actor Rhea Chakraborty, her brother Showik, her chartered accountant Ritesh Shah and her former manager Shruti Modi for over eight hours in connection with the money laundering probe involving the death of Bollywood actor Sushant Singh Rajput. Rhea was the first to arrive at the ED office in […]