"With a booming stock market, all the malpractices of Harshad Mehta/Ketan Parekh era are back primarily in Kolkata. Promoters are inflating profits (through profit entry) and in nexus with Gujarati-Marwari brokers driving their stock prices to unrealistic levels," Goenka wrote on X (formally Twitter).
Two men accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB went on trial in Switzerland on Tuesday, the latest hearings stemming from the vast multibillion-dollar financial scandal.They are accused by Swiss state prosecutors of involvement in a vast embezzlement operation orchestrated by Jho Low, an advisor to former Malaysian prime minister Najib Razak, with the complicity of the latter.
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for defrauding customers of $8 billion, resulting in a combined $11 billion loss for clients, investors, and lenders, marking a significant victory for U.S. authorities.
(AFRICAN EXAMINER) - The chairman of the Eti-osa Local Council Development Area, (LCDA) John Campos Ogundare is currently enmeshed in misappropriation of the 2023 budgets of the council to the tune of N1.9 billion. An oversight function conducted by the legislative council of the LCDA revealed that the chairman disregarded the 2023 appropriation act and
Japan s ruling Liberal Democratic Party (LDP) faction that was headed by Prime Minister Fumio Kishida until December 2023 has officially announced its dissolution amid an ongoing financial scandal, the Kyodo news agency reported on Tuesday.