Fake antique dealer Monson Mavunkal gets bail to attend daughter's wedding
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Time of India
15 minutes ago
- Time of India
HC denies bail to DHFL's Wadhawan in Rs 34,926-crore bank fraud case
. NEW DELHI: Delhi HC Monday denied bail to DHFL promoter Kapil Wadhawan in the alleged Rs 34,926-crore bank fraud case, observing that his "conduct during custody was not beyond reproach". Justice Ravinder Dudeja rejected the plea, calling the alleged offence a crime not just against specific victims but against the financial system itself. CBI has accused Wadhawan, as DHFL promoter and CMD, of being the mastermind of a massive fraud involving misappropriation and diversion of Rs 34,926 crore from a consortium of 17 banks. HC noted that Wadhawan allegedly manipulated valuable assets and transactions even during judicial custody, indicating continued control and influence. CBI also submitted that Wadhawan is facing multiple cases in different jurisdictions, which weakens his claim that he poses no risk if granted bail. "The court cannot permit the release of a person who is prima facie the mastermind of a deep-rooted financial fraud, especially when the trial is at a nascent stage," HC said, adding there was a strong possibility of him tampering with evidence or influencing witnesses - many of whom are former DHFL employees or associates. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock You Reportingly Undo Wadhawan is accused of operating 87 shell companies in the names of relatives and employees to siphon off funds, falsely recorded as housing loans to over 2.6 lakh fictitious customers via a non-existent "Bandra Bra-nch-001" in DHFL's systems. He was taken into custody on July 19, 2022, and granted statutory bail in December, which SC later cancelled in January. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
an hour ago
- Time of India
Gold jewellery worth Rs 8.5 lakh missing from locked safe
Mangaluru: A theft case was reported at Barke police station limits after a woman alleged that gold jewellery weighing around 171g and valued at approximately Rs 8.5 lakh was stolen from her home. The complainant, Pooja P, stated that her husband, who works abroad, returned home on July 19. The couple lives in a joint family, and due to the poor health of her husband's grandmother, Ratna, a woman named Geetha from Karwar was hired as a daytime caregiver. On July 20, Pooja, along with her husband, children, and other relatives, visited the Polali temple. Before leaving, she wore a gold bangle from a jewellery box stored inside a safe locker in a bedroom cupboard. The next day, she returned the bangle to the box, placed it back in the locker, locked it, and kept the key under some papers inside the cupboard shelf. The cupboard door was shut but not locked. Later that evening, when she went to retrieve the key, it was missing. Despite an extensive search, the key could not be located, and she assumed it was misplaced. On July 22, her husband, mother-in-law, children, and another family member visited the Mangaluru One centre at Lalbagh and returned in the evening. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo During that time, only Geetha and the elderly grandmother were at home. On July 23, Pooja and her family left for her mother's house in Kodaje, Mani. Her husband returned home on July 25, while Pooja and the children came back on July 26. Once again, they searched for the missing key, but it was still nowhere to be found. On July 28, her husband called a locksmith, who, in Pooja's presence, opened the safe and installed a new lock and key. The next morning, when the safe was opened using the new key, several gold ornaments from the jewellery box were found missing. After discussing the matter with family members, Pooja filed a complaint on Aug 3.
Time of India
an hour ago
- Time of India
Bangkok cartel using airport-hopping tactics to smuggle marijuana: DRI official
Bhubaneswar: With Odisha being targeted as a potential destination for hydroponic marijuana, a Bangkok-based drug cartel is using airport-hopping tactics to smuggle the contraband into the state, a senior official of the Directorate of Revenue Intelligence (DRI) told TOI on condition of anonymity. After two failed attempts at Bhubaneswar's Biju Patnaik International Airport (BPIA), carriers are now suspected to be rerouting consignments through airports like Jharsuguda, Kolkata, Hyderabad, and Bengaluru to avoid detection. "Once they escape scrutiny at any of these airports, they use other modes of transport to deliver the consignment. Last month, a marijuana consignment was seized at Kolkata airport," the official said. In two recent busts, hydroponic marijuana worth a total of Rs 40 crore was seized. The carriers in both cases were unrelated and came from different states—three from Uttar Pradesh in the first case, and one from Gujarat in the second. "The carriers are only handed an air ticket at Bangkok airport and are instructed to carry the consignment. While they are aware of the contents, they never admit it when caught," the official said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why is everyone rushing to get their hands on this new air cooler? News of the Discovery Undo Explaining the smuggling strategy, he added, "If a carrier is given a ticket to Bengaluru, they have no choice but to board that flight. After landing, their task is to evade airport scanners and security checks. This is how the airport-hopping tactic works. Sometimes they succeed, sometimes they don't." On Sunday, DRI sleuths further revealed that hydroponic marijuana from Thailand—often dubbed the 'poor man's cocaine'—is becoming increasingly popular at rave parties in Bhubaneswar due to its affordability and powerful hallucinogenic effects. Unlike regular marijuana, this soil-free variant contains about 30% tetrahydrocannabinol (THC), compared to just 3% in the common strain, making it far more potent. Based on interrogation of the arrested carriers, investigators are now trying to trace the main operatives involved in the cartel, both in Bangkok and Bhubaneswar, including the hotels they frequent and the local distribution network.
