Coalscam:Court frames charges against ex-coal secy, 5 others

Posted On & filed under Banking & Finance Law News, Consumer Law News, High Profile Cases.

coal scam

A special court today framed charges against former coal secretary H C Gupta and five others in a coal scam case pertaining to alleged irregularities in allocation of a coal block in Madhya Pradesh to an accused firm. Special CBI Judge Bharat Parashar put the six on trial for alleged offences under section 120-B (criminal… Read more »

BCCI-Nimbus row: SC asks banks to deposit Rs 400 cr

Posted On & filed under Banking & Finance Law News.

The Supreme Court today asked three nationalised banks to deposit Rs 400 crore towards securing the claim of BCCI in a dispute over termination of the Rs 1,600-crore contract between the cricket board and Nimbus Communications, pending the hearing of their dispute. A bench of Justices Aftab Alam and Ranjana Desai asked Punjab National Bank,… Read more »

Court rejects bank’s plea for FIR against customers

Posted On & filed under Banking & Finance Law News.

Delhi court dismissed a plea lodge as a criminal case by a Punjab National Bank against its two customers for allegedly taking out money from a third customer’s account through an ATM card, wrongly issued to them. District Judge and Additional Sessions Judge R K Gauba dismissed the PNB plea, made against Metropolitan Magistrate Ankit… Read more »

Cabinet discusses black money issue after apex court rap

Posted On & filed under Banking & Finance Law News.

Prime Minister Manmohan Singh raised the issue of black money during a cabinet meeting here Thursday, a day after the Supreme Court queried why the government cannot name those involved in this $1.5-trillion “national plunder”. The discussion came against the backdrop of the apex court coming down heavily on the government’s reluctance to provide full… Read more »

Citi banker accused of Rs.300 crore fraud gets six-day police remand

Posted On & filed under Banking & Finance Law News.

Citibank manager Shivraj Puri, accused of masterminding a Rs.300 crore fraud, was handed a six-day police remand Thursday. ‘Puri was produced in court and he has been remanded to six-day police custody,’ Puri’s lawyer Sartaj Baswana said. An official said police took Puri’s custody to trace an iPad that contains important information. Also, experts with… Read more »