RAHUL YADAV FRAUD
Ensure complete transparency of EVMs or abolish them: Rahul Gandhi to EC
Congress leader Rahul Gandhi questions the reliability of EVMs and demands transparency from the Election Commission to ensure fair electoral processes.
Modi says CAA here to stay, predicts 'khata khat' disintegration of INDIA bloc after poll results
Modi addressed three more back-to-back election rallies in quick succession in Bhadohi, Jaunpur and Pratapgarh in Uttar Pradesh, targeting the Congress and the Samajwadi Party.
Top Indian opposition leaders accused of financial crimes
India's financial crime agency arrested Arvind Kejriwal, Delhi's chief minister, for alleged graft linked to the city's liquor policy. His Aam Aadmi Party (AAP) calls it a politically-motivated attack. Opposition leaders like Sonia and Rahul Gandhi, Manish Sisodia, Hemant Soren, K. Kavitha, Bhupesh Baghel, Abhishek Banerjee, and Lalu Prasad Yadav face other allegations.
Rajasthan: Two former ministers, several ex-MLAs quit Congress to join BJP ahead of Lok Sabha polls
It is a second major jolt to the Congress within a few days as former minister Mahendrajeet Singh Malviya recently joined the BJP which fielded him from Basnwara in the LS elections. Rajasthan Chief Minister Bhajanlal Sharma, state BJP president C P Joshi and Union minister Bhupendra Yadav welcomed the new joinees into the party fold at its state headquarters. Addressing the joining ceremony, Kataria said he was driven by his conscience to join the BJP. He said the BJP understands the pain and suffering of farmers, the poor and the common man.
Nitish Kumar among top INDIA bloc leaders: CPI's D Raja
Bihar Chief Minister Nitish Kumar emerged as a prominent leader in the INDIA bloc, according to CPI general secretary D Raja. While dodging queries about Kumar's potential "bigger role," Raja asserted that INDIA constituents favor declaring a prime ministerial candidate after winning the Lok Sabha elections.
Lok Sabha polls 2024: ED, CBI take centre stage as Opposition sizes up poll pitch
While opposition is getting ready to fight with their might, key Opposition members are likely to face the heat of central investigating agencies ahead of the Lok Sabha polls in 2024. Top leaders of opposition such as Gandhi family, Lalu Prasad and his son Tejashwi Yadav, Delhi chief minister Arvind Kejriwal, West Bengal CM's nephew Abhishek Banerjee are some of major names that will face the heat of investigating agencies
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Governance lapses, irregularities prompt LPs to drive changes in startup investments
An LP (an individual or an entity) is the money behind a VC or private equity fund. In the past 12-18 months, allegations of governance lapses or financial irregularities have surfaced at startups such as BharatPe, Trell, Zilingo, Mojocare, Phablecare and 4B Networks. Prompted by these reported instances of mismanagement and lack of oversight, LPs are driving changes in their relationships with VCs who recommend and manage their investment funds.
EoW probes Rahul Yadav, wife in Rs 288 cr alleged fraud case
The Economic Offences Wing (EOW) of Mumbai Police is investigating Rahul Yadav, the founder of a property startup, for allegedly mishandling Rs 288 crore of investor money and transferring funds to a firm co-owned by his wife. Info Edge, which invested in Yadav's startup, filed a complaint accusing 4B Network Pvt Ltd of cheating and engaging in suspicious transactions.
Vendor files FIR against Rahul Yadav alleging fraud
Vikas Om Prakas Noval, a Rajasthan-based vendor, has filed a first information report (FIR) against 4B Network's Founder Rahul Yadav. The FIR alleges fraud and criminal breach of trust. Yadav's company is already undergoing a forensic audit by investor Info Edge
Ad sales rebound boosts Meta’s Q2 earnings; bumper listing for Netweb Technologies
A bounceback in the digital ads business has helped Meta Platforms beat market expectations with a double-digit rise in both revenue and profit in the second quarter. This and more in today’s ETtech Top 5.
Startup audits in focus as malfeasance climbs; Apple’s App Store payments policy under review
Over the past year, many venture-funded startups such as BharatPe, Byju's, Zilingo, Rahul Yadav's 4B Networks, and now Mojocare, have come under the spotlight for lapses in governance and even allegations of fraud. Now, audit firms are approaching VCs to help scrutinise their portfolio companies, sources have told ET. This and more in today’s ETtech Morning Dispatch.
Startup governance: Audits in focus amid financial irregularities at new-age ventures
Some of the auditors have in recent weeks made presentations to venture capital funds showing how their previous audits unearthed financial irregularities such as inflated revenue at startups, said a venture investor who has seen such presentations.
What is really happening with digital credit in India, and other top stories this week
The aftermath of Covid-19 and the subsequent moratorium on loan repayments burnt a massive hole in the loan books of lenders. While the large players managed their books somehow, fintech non-banking financial companies (NBFC) have grappled with ballooning non-performing assets (NPAs).
India’s emerging as next chip-making destination: Ashwini Vaishnaw; VCs reach out to CBDT on angel tax
Happy Friday! Union IT minister Ashwini Vaishnaw told ET in an interview that some major players expect India to be the next chip-making destination, globally.
Now, Tejashwi Yadav faces criminal defamation complaint for calling Gujaratis 'thugs'
The complaint was filed against the Rashtriya Janata Dal (RJD) leader by social worker and businessman Haresh Mehta, 63, under Indian Penal Code sections 499 and 500 (dealing with criminal defamation) in the court of additional metropolitan magistrate DJ Parmar.
Oppn MPs should resign over Rahul's disqualification, Nitish should lead nation, says RJD MLA
"In my view, what has happened to Rahul Gandhi is not the end. It could just be the beginning. My leader (Deputy CM) Tejashwi Yadav is already facing persecution. I may be the next in line. It is high time, therefore, that the entire opposition plunged into the fight against the threat to democracy," he said.
Regional parties to play key role in defeating BJP in 2024: Akhilesh Yadav
Samajwadi Party supremo Akhilesh Yadav said regional parties would play a key role in putting up a fight against the BJP in the 2024 Lok Sabha elections. However, on the role of the Congress in this proposed opposition front, Yadav said it is for the grand old party to decide.
Oyo wins, Ravi Shankar Prasad resigns
In today’s ETtech Top 5 newsletter: NCLAT sets aside Oyo insolvency case; Ravi Shankar Prasad resigns as part of cabinet reshuffle; Binance to ‘double’ compliance team; and Cleartax acquires yBANQ, upGrad spells out its M&A plans.
Fake profiles of IPS officials on Facebook on the rise
Security experts say IPS officials, other high ranking officers have increasingly complained of account impersonation, other online financial scams.
Account takeovers and password hackings: Facebook financial frauds rise in the midst of pandemic
The cybercrime department in Maharashtra said since April this year, hackers have been very active and they are using various ways to earn money through frauds on social media platforms like Facebook.
The war inside CBI: Why Alok Verma and Rakesh Asthana are at each other's throats
The CBI feud has been marked by allegations, counter-allegations, an FIR and now arrest of a senior officer.
Upendra Rai raids: CDRs of ED officer, ex-corporate affairs joint secy under probe
Among the other sensitive documents in raids against Rai is a 2015 ED complaint filed against meat exporter Moin Qureshi and others.
Sonia Gandhi hosts dinner for opposition parties
According to sources, leaders of NCP, RJD, Samajwadi Party, Bahujan Samaj Party, Trinamool Congress, DMK and Left parties attended the dinner among others.
Chopper deal: Congress says government trying to villify its leaders
Congress member Abhishek Manu Singhvi responded point-by-point to allegations of wrongdoings levelled by the ruling dispensation against the previous UPA government.
Fund managers hiring consultancies to run background checks on startup promoters
Early stage investors such as Sequoia Capital, Kalaari Capital and Accel Partners, among others, are increasingly running checks on the personal lives of entrepreneurs.
IPS officer of Bihar cadre to head CBI probe into Vyapam scam
A 1986 batch IPS officer of Bihar cadre will head the Central Bureau of Investigation (CBI) probe into the Vyapam scam in Bhopal.
Indian entrepreneurs flying to China to pick up tips on expanding operations
Egged by their investors, a number of Indian entrepreneurs have been visiting their Chinese counterparts and coming back amazed.
2014: A politically eventful year for India
The states of Jharkahand, Maharashtra and Haryana witnessed a regime change and Jammu and Kashmir saw a hung Parliament in the recent elections.
BJP uproar forces govt to put Pawan Kumar Bansal's companies under the scanner
The probe will be carried out under Section 234 of the Companies Act, which gives the registrar of companies the power to seize documents of firms.
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