crime branch

Mumbai: A 40-year-old man was nabbed by the suburban crime branch for robbing a chartered accountant (CA) at Goregaon (W) recently.Mehul Vora (47) was at work when Rafiq Shaikh and his three aides barged into his office at Jawahar Nagar on June 1. They gagged Vora and threatened him with choppers and revolvers. When his employees tried to intervene, they were beaten up. The accused made away with three mobiles and Rs 1,000. A case was registered at the Goregaon police st.. Full Article

Market regulator Securities and Exchange Board of India asked bourses on Wednesday to preserve original records related to an investigation till the trial is over instead of the current practice of keeping the papers only for five years. ". the respective original is to be maintained till the trial or investigation proceedings have concluded," market regulator Sebi said in a circular to all stock exchanges. Full Article

Further, as per regulation 18 of SEBI (Stock Brokers & Sub-brokers) Regulations, 1992 (hereinafter referred to as Stock Broker Regulations), every stock broker shall preserve the specified books of account and other records for a minimum period of five years. In case such documents are maintained in electronic form, provisions of Information Technology Act, 2000 in this regard shall be complied with. Full Article

Fed up of being made to run around for 15 years, the Income Tax (I-T ) department has been quick to seize an opportunity to extract its dues totalling Rs 114.17 crore from the Bhagats. The department recently filed a plea before the special MCOCA court, requesting it not to defreeze the bank accounts of Hitesh Bhagat who along with his mother Jaya Chheda allegedly plotted his father Matka king Suresh Bhagats murder until it gets a chance to recover its dues. Full Article

Mumbai: Jayesh Sanghoi, the chartered accountant of Jaya Chedda—ex-wife of slain matka king Suresh Bhagat—has approached the Mulund metropolitan magistrate, seeking an investigation into his alleged extortion by Suresh’s brother Vinod. Full Article

Harried investors of Pramod Agrawal’s Mahadeo Developers Private Limited and Kalamna Market Urban Credit Cooperative Society gathered in front of the income tax office at Saraf Chambers, Sadar, on Tuesday. They were protesting against the income tax department for taking action against both the entities. The investors alleged that it was the income tax raid [...] Full Article