Supreme Court asks franchise scam ‘victims’ to move High Court, says made mistake in agreeing to examine pleas

photo

New Delhi: The Supreme Court Monday said it made a “mistake” by agreeing to examine pleas for probe by multiple agencies in the “franchise racket” in which a number of people were allegedly cheated of an estimated Rs 30 crore. A bench headed by Chief Justice S A Bobde, which on November 2 last year … Read more

BR Shetty seeks probe by CBI, ED into $6 billion ‘fraud’ in his companies

photo

UAE-based businessman BR Shetty has sought an investigation by central Indian agencies into what he termed a $6 billion fraud committed by former top executives of his companies in connivance with “unscrupulous” bankers. The founder of hospital chain NMC Healthcare and UAE Exchange has sent a written complaint to the Central Bureau of Investigation and … Read more