Jai Corp Confirms ED Search at Mumbai Office, Says Financial Impact Not Yet Clear
Jai Corp Limited ( ($IN:JAICORPLTD) ) just unveiled an announcement. Jai Corp Limited has disclosed that officials from India’s Enforcement Directo...
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ED Conducts Searches At Dream11 Parent, Founder In ₹2,434-Crore Jai Corp Fraud Case
The Enforcement Directorate conducted searches at over 25 locations nationwide, including 23 in Mumbai, in a Rs 2,434-crore fraud case linked to Jai Corp director Anand Jain. The probe focuses on alleged diversion of funds, offshore transactions and possible financial links with Dream Sports.
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ED Conducts Searches Across 30 Locations Pan-India, Including Mumbai & Nashik, In ₹2,434-Crore Fraud Case Linked To Jai Corp Director Anand Jain
The Enforcement Directorate is conducting searches at over 30 locations nationwide in a Rs 2,434-crore alleged fraud linked to Jai Corp director Anand Jain. Raids span Mumbai, Nashik, Bengaluru and Raipur under PMLA. The probe follows a CBI case alleging investor fraud, fund siphoning and diversion of bank loans to offshore tax-haven entities.
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Have to probe complints against Jai Corp director in Rs 2,434cr fraud case, CBI tells Bombay high court
Mumbai: The Central Bureau of Investigation (CBI) has told Bombay high court that it has to conduct a \"thorough investigation\" into complaints against.
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Breakdown Stocks: How to trade Orchid Pharma, Everest Industries and Jai Corp that hit a 52-week low?
Indian markets rebounded strongly on Tuesday, with the Sensex surging over 1,000 points and Nifty crossing 22,500, led by gains in capital goods, telecom, and oil & gas sectors.
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SC denies relief to Jai Corp’s director over HC order for SIT
Mumbai: Supreme Court denied relief to Anand Jain, director of Jai Corp Ltd, against a Bombay High Court order that directed CBI to form a special inv.
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SC upholds Bombay HC's order for CBI probe into Jai Corp's Rs 2,434 crore fraud case
However, a bench led by Justice JB Pardiwala said that Jai Corp and others are at liberty to seek quashing of the FIR filed by the Economic Offences Branch of CBI, Mumbai, before an appropriate court, which will decide the case uninfluenced by the HC observations.
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CBI files FIR against Mumbai firm, its director for defrauding public funds
The CBI has filed an FIR against Jai Corporation and its director Anand Jaikumar Jain for allegedly misappropriating Rs 2,434 crore mobilised from the public during 2006-08. The Bombay High Court's orders followed complaints about funds being diverted for fraudulent trading and setting up companies in tax havens instead of intended real estate projects.
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CBI lodges case against Jai Corp & its director
Mumbai: CBI has filed a case against Jai Corporation Ltd and its director Anand Jain over allegations of fraudulent misappropriation of over Rs 2,000 .
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CBI books Jai Corp and Promoters in fraud case
Based on the directive given by the Bombay High Court, the Central Bureau of Investigation (CBI) has booked Jai Corporation, its promoter-director, AnandJaikumar Jain and others in a cheating and fraud case. The CBI has constituted a special investigation team headed by a DIG rank officer to probe the allegations.Jai Corporation wasn’t immediately available for a comment.Shoaib Richie Sequeira, in his plea before the HC had alleged that those named in the FIR entered into a criminal conspiracy with the purpose to cheat and dishonesty induced delivery of properties by making and using forged documents. The CBI is booked eight including Jai Corp Ltd., AnandJaikumar Jain, the Director/Promoter Jai Corp Limited, Parag Shantilal Parekh, Urban Infrastructure Venture Capital Ltd. and Urban Infrastructure Trustees Ltd. and unnamed shell companies and private trust based in India and overseas. They have been booked for certain sections of cheating, criminal conspiracy and fraud under the erstwhile IPC.
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