Financial Express - Business News, Stock Market News

Vijay Mallya settles for more time to pay up for London home

Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home. The bank had sought possession of the 63-year-old businessman’s plush Cornwall Terrace apartment over the non-payment of a 20.4-million pounds loan and […]

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Bank fraud case: ED attaches Rs 31-crore properties of Zylog Systems

The assets include a building, five flats and fixed deposits of `1 crore, said a press release issued by the ED The Enforcement Directorate (ED) has attached immovable and movable properties totalling Rs 31 crore of publicly-listed IT company Zylog Systems and others under the Prevention of Money Laundering Act, 2002 (PMLA) in a bank […]

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‘Lodged in jail with Kashmiri terrorist’, Christian Michel appeals court for change of prison ward

Michel was arrested by the Enforcement Directorate on December 22 after his extradition from Dubai. (File Photo/ANI) Christian Michel, the alleged middleman in the AgustaWestland VVIP chopper deal, has approached the court requesting to change his prison cell. Michel has written a letter to Special CBI Judge in this regard. Michel, in his letter, has […]

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VVIP chopper case: Delhi court extends ED custody of AgustaWestland accused Rajeev Saxena by 4 days

Dubai-based businessman Rajeev Saxena. (ANI) A Delhi court Monday extended by four more days the ED custody of Rajeev Saxena, an accused in the Rs 3,600-crore AgustaWestland case. Saxena, a Dubai-based businessman, was extradited from Dubai on January 31 and sent to four-day custody of the Enforcement Directorate (ED) the same day. The court had […]

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SECOND man dies of an apparent overdose at apartment of prominent white Democratic donor Ed Buck

Police have reopened an investigation into a drug overdose death at a wealthy Democratic donor’s home in West Hollywood after a second man died on the premises early Monday morning. Edward Buck, a regular donor to democratic campaigns including Hillary Clinton’s presidential bid, was investigated for a suspected murder when Gemmel Moore, 26, was found […]

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AgustaWestland VVIP chopper deal case: Delhi court allows ED to grill middleman Christian Michel for 15 minutes inside courtroom

Christian Michel (ANI) A local Delhi court on Saturday allowed the Enforcement Directorate (ED) to grill Christian Michel, the alleged middleman arrested in the AgustaWestland VVIP chopper deal case, for 15 minutes inside the courtroom. Michel was produced before Special Judge Arvind Kumar where the ED moved a plea seeking his 15 days custody. But […]

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Megyn Kelly calls New York Times op-ed writer a ‘coward’

Megyn Kelly says the Trump administration official behind the anonymous New York Times op-ed is a ‘coward’ for not putting their face out their publicly.  Speaking to TMZ in New York on Thursday, Kelly said the anonymous White House official should ‘grow up’ and ‘take a stand’. ‘I have no idea who it is but I […]

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Ed Sheeran’s promoter is to be sued for fraud by Viagogo

Ed Sheeran’s promoter is being sued for an alleged multi-million pound fraud by ticket reseller Viagogo Ed Sheeran‘s promoter is being sued for an alleged multi-million pound fraud by ticket reseller Viagogo. The website claims that Stuart Galbraith, the founder of Kilimanjaro Live, defrauded thousands of fans out of millions during Sheeran’s 2017 tour of the UK. […]

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ED files charge sheet against Lalu Prasad, Rabri Devi and others in IRCTC hotels PMLA case

RJD chief Lalu Prasad (Reuters) The Enforcement Directorate today filed its first charge sheet against RJD chief Lalu Prasad, his wife Rabri Devi and others in connection with the IRCTC hotels allotment money laundering case, officials said. The agency has also named Prasad’s son and former Bihar Deputy Chief Minister Tejashwi Yadav, his party colleague […]

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Aircel-Maxis & INX media cases: SC allows Karti Chidambaram to travel abroad

The bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said Karti, who is facing proceedings in cases like Aircel-Maxis, INX media and money laundering matters, will have to surrender his passport with the Enforcement Directorate when he returns from his visit. The Supreme Court today allowed Karti Chidambaram, son of senior Congress […]

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