All posts tagged: financial misconduct

Delhi court orders FIR against firm for forging signature | Latest News Delhi

Delhi court orders FIR against firm for forging signature | Latest News Delhi

New Delhi, A court has directed Delhi Police to file an FIR against a finance company and its promoter for allegedly forging the signature of a person who had passed away to transfer company’s equity shares. Delhi court orders FIR against firm for forging signature Judicial magistrate Ravi ordered the FIR on a complaint filed by Tript Singh, a shareholder in Genesis Finance Company Limited, alleging financial misconduct by the company, its promoter and managing director Naresh Garg, Gopal Bisht and other officials of the company including the family members of the promoter of the company. The complaint accused the directors of forging the signature of one Banwari Lal Saboo, who had died, to illegally transfer equity shares, calling it a “serious economic offence”. The judge underlined the need to order an investigation into the “forged” securities transfer form. “Given that Banwari Lal Saboo passed away on April 7, 2016, it’s crucial to investigate who signed the securities transfer form on May 3, 2016. The alleged forged document, i.e., the security transfer form could be …

Sebi bans Asmita Patel, the ‘She Wolf of the stock market’ and others from trading | Business News

Sebi bans Asmita Patel, the ‘She Wolf of the stock market’ and others from trading | Business News

The Securities and Exchange Board of India (Sebi) has barred Asmita Patel Global School of Trading Pvt Ltd (AGSTPL); finfluencer Asmita Patel, who called herself the ‘She Wolf of the stock market’; her husband Jitesh Jethalal Patel and three others from accessing the securities markets for allegedly providing unregistered investment advisory services and research analyst activities. The markets regulator, in its interim order, has directed that an amount of Rs 53.67 crore be impounded from these six entities. The other entities who have been banned by Sebi include Jitesh Jethalal Patel; Sagar Dhanjibhai, proprietor, King Traders; Suresh Parmashivam, proprietor, Gemini Enterprise; and Jigar Rameshbhai Dawada, proprietor, United Enterprises. Story continues below this ad Asmita Jitesh Patel, who also referred to herself as the ‘options queen’, is a director of AGSTPL, a company engaged in providing advisory services in securities market, share trading, mutual funds, commodities trading and provide training to clients to manage wealth in securities market. She has a significant presence in the electronic media through the website — asmitapatel.com — and on social …

Naomi Campbell has been scrapped as a charity trustee for five years due to…

Naomi Campbell has been disqualified from serving as a charity trustee for five years after an investigation by the Charity Commission revealed serious mismanagement of funds at Fashion for Relief, a charity she founded. Model Naomi Campbell walks the runway during the Tod’s collection show at Milan’s Fashion Week Womenswear Spring / Summer 2025, on September 20, 2024 in Milan. (Photo by Gabriel BOUYS / AFP)(AFP) The inquiry exposed a pattern of improper spending, including the use of charity funds to pay for Campbell’s personal expenses, such as stays at five-star hotels, spa treatments, and cigarettes. Fashion for Relief, established in 2005, aimed to unite the fashion industry in the fight against poverty andsupport health and education initiatives by granting funds to other charitable organisations. The charity also raised money for global disaster relief through star-studded fundraising events held in cities like Cannes and London. However, the Charity Commission’s investigation found that only a small fraction of the funds raised was actually used for charitable purposes. ALSO READ| Tim Walz meeting with Alex Soros sends …

Why CBI arrested Sandip Ghosh, RG Kar hospital ex-principal. Who are 3 others held by probe agency? | Latest News India

Sep 03, 2024 06:19 AM IST After Sanjay Roy, this is the second arrest in the ghastly RG Kar hospital crime fallout scenario that took place 24 days after the crime was committed. The Central Bureau of Investigation on Monday arrested Dr Sandip Ghosh, former principal of RG Kar Medical College and Hospital in Kolkata, for his alleged involvement in financial misconduct at the establishment. Sandip Ghosh was questioned for the 15th day at the CBI’s Salt Lake office over the alleged rape and murder of a 31-year-old woman trainee doctor at RG Kar hospital on August 9. (ANI file) Within an hour after Sandip Ghosh was arrested, CBI officials picked up his security guard and two vendors who used to supply materials to the hospital where the body of a woman medic, who was raped and murdered, was found on August 9. The three persons arrested by the CBI are Sandip Ghosh’s security guard Afsar Ali Khan and two hospital vendors – Biplav Singha and Sumon Hazra. On August 23, the Calcutta high court …