Man Allegedly Shoots Wife Dead Before Taking Own Life In Uttar Pradesh's Mathura
Police said the couple had a love marriage five years ago, but had been living separately following differences between them.
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Police said the couple had a love marriage five years ago, but had been living separately following differences between them.
Swarup Biswas, the former president of the Federation of Cine Technicians & Workers of Eastern India (FCTWEI), was arrested based on an FIR lodged by the female make-up artist who accused him of blacklisting her for two years and asked for money and sexual favour to get work
According to the police, a 30-year-old woman gave a complaint in the Civil Lines police station in Morena city against Deputy Collector Arvind Mahour, alleging that he had sexually exploited her on multiple occasions by promising to marry her.
The party names an eight-member committee and a legal cell for Amaravati farmers, and a separate panel on alleged irregularities in the DSC-2025 teacher recruitment
The accused, who returned to India in 2024 after a six-year stay in South Africa, allegedly threatened his teenage daughter if she spoke about it
After allegedly seeing her husband hang their son upside down, Neelam attacked him with a stick, fearing for the child's safety.
The 23-year-old complainant alleged that the accused introduced her to Islamic teachings through religious videos and discourses.
Cockroach Janta Party founder Abhijeet Dipke is en route to India for a protest at Delhi's Jantar Mantar, demanding the resignation of Union Education Minister Dharmendra Pradhan. Dipke cites alleged irregularities in national examinations like NEET and CUET, impacting millions of students. He plans a peaceful, lawful demonstration after arriving on June 6.
A NEET aspirant from Madhya Pradesh, Akanksha Chaturvedi, allegedly died by suicide in Nagpur after the medical entrance exam was cancelled due to a paper leak. She left a note expressing fear about the re-examination, stating she lacked the courage to face it again. Her family found the note days after her death.
Kukis alleged that heavily armed cadres of NSCN-IM and its proxy outfit ZUF (K) attacked the village.
The woman alleged that a married man sexually exploited her by falsely promising marriage, and also encouraged her to distance herself from Hindu religious beliefs and practices.
Andhra Pradesh police inspector dismissed for allegedly raping woman, absconding. Supreme Court denies anticipatory bail plea.
YSR Congress party launches campaign exposing alleged failures of Andhra Pradesh government in fulfilling election promises. Naidu marks two years in office, vows to fulfill aspirations.
The DMK has declared its departure from the INDIA bloc, citing Congress's alleged betrayal after the assembly elections. Despite this, DMK MPs will continue to support other alliance members on matters of public interest. This decision follows Congress's alliance with the TVK-led government in Tamil Nadu, which DMK officials condemned as 'backstabbing'.
Mumbai: It is India's fourth biggest company by revenue, but the managing director of precious metals trader Rajesh Exports (REL) apparently doesn't know how and from where it gets the biggest chunk of the revenue, show the findings of a regulatory investigation.In its investigation report, the Securities and Exchange Board of India observed allegedly unscrupulous activities by REL's promoters, such as accounting irregularities and siphoning off of company funds into personal accounts, and also pointed out lapses by its auditors. The regulator said the company and its auditors were non-cooperative."The acts of REL constitute a deliberate device, scheme and artifice to mislead and defraud investors dealing in the shares of REL by portraying an inflated and misleading picture of its operational scale, revenue and financial health," Sebi observed in its report.The company, eponymously named after its chairman Rajesh Mehta, is accused of committing an elaborate financial fraud that includes dressing-up of revenues of โน15.15 lakh crore over the years, personal gold trades covered up as corporate sales and phoney gold mine investments of โน1,035 crore, according to the interim report.REL denied the charges of misdeeds. In a press release Thursday, the company said the revenues stated in its financials were correct and that the confusion arose because of a mix-up between Ebitda and revenue numbers at Swiss refiner Valcambi SA, an indirect subsidiary.Sebi has not made any adverse observation with regard to earnings, the company said, claiming that the regulator has only observed suspicion with regard to revenues which was primarily because of confusion over the Valcambi numbers.Numbers don't add upIn fiscal 2025, REL reported consolidated revenue of โน4.23 lakh crore against a profit after tax of just โน95 crore, translating into a net margin of barely 0.02%. The year before, on โน2.8 lakh crore revenue, profit was โน336 crore.Experts who have studied the Sebi report and the company's annual reports say the numbers did not add up. The business appeared to be operating at margins that were not merely thin but structurally negligible, they said."It looks like a case of pass-through accounting. There is no value creation. It was 'flow of gold' being booked as revenue," said a leading auditor on the condition of anonymity.Sebi, which began the investigations in March 2024 following a shareholder complaint about suspected accounting malpractices, said it found that about 97-99% of REL's consolidated revenues were attributed to its overseas subsidiaries, principally Valcambi. But Valcambi's own accounts, audited by KPMG SA, recorded only processing fees that were about โน3,027 crore across five years.Valcambi refined gold on behalf of clients and never took ownership of the precious metal or recognised the value of gold as revenue in its books. Yet, Global Gold Refineries AG (GGR), the parent of Valcambi that had no independent operating business, recorded gross revenues running into hundreds of crores by including the gross value of gold that actually belonged to others, according to the Sebi report.Rajesh Exports, which owns GGR through a Singapore subsidiary, used those unaudited figures in its financial statements, significantly bumping up the company's revenue, it said.In its press release, REL said: "The core observation in the order is with regard to the misreporting of the revenues. This has emerged primarily due to confusion because Sebi has considered the Ebitda of Valcambi instead of revenue hence it has stated that there is a difference of about 97% in the revenue.""There is no reason for any listed entity to inflate revenue and maintain the earnings, this will only reduce the margins of the company, which would be adverse to the company," it said.Senior management in the darkThe senior management of REL told regulators that most of them were in the dark about the company's overseas operations and only the promoter, Rajesh Mehta, dealt with those activities."Valcambi SA does not have any gold mine on its own," managing director Suresh Gowda was quoted in the Sebi order as saying. "It refines the raw gold purchased by it from various entities, whose names I do not recollect, as these things are exclusively handled by Rajesh Mehta, chairman of REL. I have never interacted nor involved with any subsidiary/step-down subsidiary of REL, as these were exclusively taken care of by Rajesh Mehta," he told the investigators, as per the order.According to the report, REL booked โน11,487 crore in sales between 2021-22 and 2023-24 to Affluence Shares and Stocks, a broker that made up to 66% of the company's standalone revenue for that period. But Affluence, in formal depositions to the regulator, said it had not done any business with REL.Following the transaction trail, the investigators found out that the transactions were personal gold derivative trades executed by promoter Mehta using his own brokerage account and then recorded in the company's books as corporate sales, the order said.The investigators also found that Mehta used corporate funds. As per the Sebi observations, bank records show REL transferred โน338.90 crore directly into Mehta's personal accounts between April 2020 and September 2025.Unlike in the case of Nirav Modi or Gitanjali Gems, who are accused of bank fraud, Rajesh Exports doesn't appear to have borrowed big from banks or through sale of bonds, according to regulatory filings.The company's market cap was just over โน3,000 crore, as per Thursday's closing share price. LIC (10.8%) and Bridge India Fund (8.46%) are its major institutional shareholders."It is striking that, even at a peak market capitalisation of โน25,000 crore, the company did not hold any analyst calls, a basic expectation for a listed company of that scale," said Shriram Subramanian, founder and managing director of InGovern Research Services, a corporate governance advisory firm.The regulator in 2024 hired BDO India Services to investigate. But the forensic audit faced problems at almost every stage of the investigation. It was denied access to ERP systems and was not provided a complete journal dump, preventing independent verification of transactions recorded in the books, according to the regulatory report.And the company declined to share subsidiary-level records with the investigator, citing Swiss data protection laws, limiting auditors largely to reviewing financial statements prepared by the management itself rather than underlying evidence, it said.What's also come under the scanner was the conduct of statutory auditors for the last few years: CA PV Ramana Reddy, the proprietor at PV Ramana Reddy & Co, and CA PL Venkatadri, partner at BSD & Co.The company's FY24 and FY25 annual reports, filed with the stock exchanges, carry an unqualified opinion from BSD & Co, which concluded that the financial statements presented a "true and fair view" in line with Indian Accounting Standards.The company's FY24 Directors' Report noted that the statutory and secretarial auditors had made no qualifications, reservations or adverse remarks.The Sebi report said for over five months, the auditors sat on the regulator's request for missing documents and statements.Emails sent to both audit firms did not elicit any response.REL closed 5% lower at โน103.92 Thursday on the NSE. The shares are down from their peak of โน1,028.40 on February 6, 2023.
2 alleged drug smugglers arrested with 4 kg brown sugar at Imphal airport
The woman alleged that a married man sexually exploited her on the promise of marriage while encouraging her to move away from Hindu religious practices.
According to the police, a 30-year-old woman gave a complaint in the Civil Lines police station in Morena city against Deputy Collector Arvind Mahour, alleging that he had sexually exploited her on multiple occasions by promising to marry her.