HC directs SFIO to further probe Tower Infotec chit fund scam

The Calcutta High Court Monday directed the Serious Fraud Investigation Office (SFIO) to continue investigations into allegations that Tower Infotec, a Kolkata-based company had violated legal provisions of SEBI.

Subrata Roy not liable for refunding Rs 24,000 crore: Sahara to Supreme Court

NEW DELHI: Sahara group has argued in the Supreme Court that contempt proceedings should not be initiated against its promoter Subrata Roy and directors for its failure to pay back about Rs 24,000 crore to investors through market regulator Sebi. 

NMart seeks investigation by CID

NMart filed a writ petition in Andhra Pradesh High Court seeking transfer of all criminal cases filed against the company to the Crime Investigation Department (CID), Hyderabad. The High Court admitted the petition and issued notices to the State Government and the Director General of Police to present their views on the petition.Though it has to be wait and watch what the government would do in this respect, some basic questions arise regarding the writ petition.

HC reserves its verdict on CBI probe plea in chit fund scam

The Calcutta High Court on Wednesday reserved its verdict on the petition that demanded CBI probe into the Saradha chit fund scam. During the hearing, Subrata Mukhopadhyay, the petitioner's counsel, told the Division Bench of Justice Ashim Kumar Banerjee and Justice Mrinal Kanti Chaudhury that the amicus curae did not mention the letter that Saradha CMD Sudipta Sen wrote to the CBI levelling allegations against two Trinamool Congress MPs. He had also asked the investigating agency to treat the letter as an FIR.