The Serious Fraud Investigation Office on Friday filed its first chargesheet in the IL&FS case for violations of Companies Act and the Indian Penal code for cheating and conspiracy. As per reports, the corporate fraud investigating agency filed charges against 30 individuals - including nine former directors of IL&FS Financial Services and two auditors. SFIO alleged that the IL&FS directors were aware of the irregularities and did a 'cover-up' job by not declaring non-paying borrowers as non-performing assets. Reports also suggest that the agency further said that the auditors - BSR and Co and Deloitte Haskin and Sells failed to follow laid norms and colluded with the top brass in falsifying the account books.
Infosys to consider share buyback on April 14
Boardroom Buzz: TCS earnings today, key numbers to watch
Biz Expresso: Vaccines to Earnings; headlines Dalal Street is reading
Byju’s billion dollar boost from Facebook co-founder among other
The Covid collapse, fuel to power usage contracts in FY21
Rising cases, dose to drugs shortage, Maximum city Mumbai gears for shutdown
Sputnik V vaccine import talks proceed, price negotiations on with Govt
Sharechat, Gupshup join unicorn club
China fines Alibaba $2.8 billion after an anti-monopoly probe into the company
Tech to kickstart earnings on Dalal Street, what to expect?
Policybazaar may file for $500 mn IPO next month
New Twist to the Bezos-Biyani fight, Amazon moves SC against Future-RIL order
Finally some inflow! Equity MF sees net inflow after 8 months
Finance Ministry makes an appeal for vaccination of bankers
Why Maharashtra matters, the economic impact of the infection epicentre
Tesla scouts for showroom space in India, gears for 2021 launch
One unicorn per day, the start-up space is booming
Cafe Coffee Day bankrupt? Troubles brew as debt soars
Twitter had talks with Clubhouse for $4 billion takeover: Reports
Gurgaon realty gets higher price tag, circle rates rise by 90%