&w=3840&q=100)
Corporate 'fraud accounts' pose tough challenges for banking system
SBI also reported former chairman of the group Anil Ambani to the Reserve Bank of India (RBI).
In a reply to SBI via his law firm, Ambani said the action was taken ex parte and in violation of natural justice.
Most of the earlier prominent fraud cases are under litigation.
Here are the prominent ones:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
41 minutes ago
- NDTV
Negligence Case Against Film Director After Stuntman Killed In Car Crash
Chennai: A day after the tragic death of renowned stuntman SM Raju during a car-toppling stunt sequence on a Tamil film set, a negligence case has been filed against director Pa Ranjith and three others. The development follows the post-mortem report, which revealed that Raju had suffered severe internal injuries, including bleeding inside the head, despite no visible external wounds at the time of the incident. A senior police officer confirmed to NDTV that a case has been registered against director Pa Ranjith, assistant director Raj Kamal, vehicle owner Prakash, and shoot manager Vinodh."The post-mortem clearly points to internal trauma and bleeding in the head. Based on preliminary investigation, we've filed a case of negligence," the Nagapattinam police officer told NDTV. Raju was performing a high-risk stunt in the Nagapattinam district for a film directed by Mr Ranjith. Videos accessed by NDTV show Raju's vehicle accelerating on a ramp and flipping in mid-air, while another vehicle speeds past on the ground, a sequence meant to create a dramatic near-miss, but one that proved fatal. Though Raju initially showed no external injuries, he collapsed shortly after and was declared dead on arrival at a local hospital. His death has sent shockwaves through the film industry, once again raising questions over the safety of stunt performers. In an emotional interview with NDTV, actor K Vishal, who is also the general secretary of the South Indian Artistes Association, said Raju was like family to him. "I've known Raju for 20 years. This is a deep personal loss. He has two young kids. It's my duty to stand by his family now," Mr Vishal said. Mr Vishal revealed that stunt choreographer Dhilip Subbarayan had explicitly advised Raju not to do the stunt, but Raju insisted on performing it himself, highlighting the dedication and risk stunt artists take on. "Stunt artists often don't reveal their injuries. They fear not being called back to work the next day," he added. "I have 116 stitches from stunts across my career. That's the reality we live with," he added. He defended the industry's commitment to safety, saying all standard protocols were followed. "Ambulance, doctor, nurse, and physio are present on set. The stunt car was modified with rock-solid pipes to avoid the collapse of the shell. Mandatory use of helmets, padded suits, and seat belts is required. " "We never compromise on safety. But till a stunt is completed, my heart is in my mouth," he said. While Vishal insisted that Raju's death was a tragic anomaly, the police case could mark a turning point in how stunt sequences are planned and executed in Indian cinema. Investigators are now probing whether proper risk assessments and approvals were followed - and if any corners were cut. The spotlight is now squarely on accountability, as the Tamil film fraternity mourns one of its most experienced and beloved stunt professionals.
India Gazette
an hour ago
- India Gazette
"Amongst global uncertainty, India is an oasis": Union Minister Piyush Goyal lauds PM Modi's leadership for economic growth
New Delhi [India], July 14 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Monday said that the Indian economy is stable amid the global uncertainty. Piyush Goyal lauded Prime Minister Narendra Modi's leadership for industrial and infrastructure growth in the country. Speaking to reporters, Union Minister Goyal said, 'I think amongst the global uncertainty, India is an oasis. India is a stable economy. India has a huge domestic market. 140 crore Indians themselves drive economic growth. Prime Minister Narendra Modi's visionary leadership is helping India transform into a modern powerhouse of industry, infrastructure, innovation and clearly the world today looks up to India as an engine of growth.' He added that India will continue to enter trade arrangements with developed countries. 'We will continue to enter into modern trading arrangements with developed countries with whom we complement our strengths and their strengths so that it can be a win-win for both geographies,' Goyal said. Lauding tourism in India, Goyal said different parts of the country have something special to offer. Goyal told reporters, 'When tourists come from a foreign country, they want to witness the qualities of the country and experience new things. When a person visits Moradabad and witnesses the brassware, he will be astonished. If someone offers prayers at Tirupati and witnesses the sarees there, or witnesses the workmanship in Gujarat, he will be astonished. Every corner of our country has something special to offer.' Earlier on Monday, Piyush Goyal attended the National 'One District One Product' (ODOP) Awards 2025 at Bharat Mandapam in New Delhi. Sharing visuals from his address at the awards, the Union Minister wrote on X, 'Bihar is prioritising ODOP in all its 38 districts.' In another X post, he wrote, 'Our goal must be to make ODOP synonymous with high quality & high value globally.' (ANI)
India Gazette
an hour ago
- India Gazette
All panchayats will have high-speed fibre network within 3 years: Telecom Secretary
New Delhi [India], July 14 (ANI): Telecom Secretary Neeraj Mittal on Monday said that all Indian villages will have a high-speed fibre network within the next three years. The central government had launched an ambitious BharatNet programme to connect the villages. The primary objective is to provide unrestricted access to broadband connectivity to all telecom service providers. 'Government of India is spending Rs 140,000 to connect every gram panchayat with 1 gigabit per second connectivity. As we speak, roughly 50,000 panchayats have 1 gigabit per second connectivity with an SLA of more than 98 per cent,' the secretary said, speaking at the CII Global Capability Centers (GCCs) Summit. 'There's a long way to go, and we hope that within 3 years we will have all the village panchayats, which is roughly about 2.5 lakhs, plus the villages associated with it, which is roughly about 6 lakh, will get connected to a high-speed fibre network,' the secretary said. Speaking about GCC infrastructure in India, the telecom secretary said enablers of GCC are very well established in India, referring to the talent pool. 'Be it connectivity, the capability to innovate, the rule of law, or strong IPR protections. All these things make India a very attractive destination,' the secretary continued. Connecting telecom with GCCs, he said internet data costs in India is very low in India against the global average. Data costs are a key component of GCCs. 'We are about 9 cents per GB... USD 2.6 is the global average,' the secretary said. 'India saw one of the largest and fastest 5G expansions. We covered over 99 per cent of the districts. Only there are only two districts in the country where there is no 5G,' he added. Further, the secretary put special emphasise on security aspects, noting that India is amongst the top nations where the cybersecurity infrastructure, policies, response mechanisms, mitigations are top class. Going by definition, GCCs are offshore facilities set up by multinational corporations to manage a variety of business functions and processes for their parent organisations. (ANI)
