On Tuesday, the Enforcement Directorate (ED) concluded its questioning of Anil Ambani, the chairman of the Reliance Group, in connection with a significant loan fraud case. This case involves more than ₹17,000 crore in loans, raising serious concerns about financial misconduct and corporate governance in India. The implications of this inquiry are vast, not only ...
On October 2023, the Securities and Exchange Board of India (SEBI) made a significant move to uphold financial integrity in the corporate sector by reaffirming its interim order against Janusol Engineering and its officials, Anmol Singh Jaggi and Puneet Singh Jaggi. This decision comes in light of serious concerns regarding fund diversion and failures in ...
In recent news, Byju’s founder and CEO, Byju Raveendran, has firmly denied allegations regarding a planned transfer of $533 million intended for lenders, purportedly linked to fraudulent activities. These claims have sparked significant discussions about financial integrity, corporate governance, and the overall health of the edtech giant amidst a challenging economic climate. Background on Byju’s ...