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FINANCIAL MISSTATEMENT CASE
US Stock Market: Warsh faces crucial week with court ruling, global debut in focusFederal Reserve Chair Kevin Warsh faces a crucial week. The Supreme Court's decision on Governor Lisa Cook's removal will test the central ...- SC ruling seen shaping Sebi’s fraud-finding frameIn a ruling, the apex court had said that investor injury alone can establish fraud, although the loss isn’t quantifiable
- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
- Adani Enterprises, other Adani Group stocks jump up to 3%. Here’s whyAdani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A s...
- How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
- Chinese business hired lobbying firm with ties to Donald Trump Jr, then scored a win in WashingtonA U.S. startup's bid to remove a Chinese investor from its board was rejected by a national security watchdog. A lobbying firm connected to...
- Trump escapes $454M fraud penalty: What the ruling means and what happens nextDonald Trump civil fraud penalty overturned — In a major legal twist, a New York appeals court has thrown out the $454 million civil fraud ...
- Canon India gets interim relief as Delhi HC stays coercive measures in Rs 2.24 crore GST disputeThe Delhi High Court has shielded Canon India from coercive actions by revenue authorities concerning alleged excess input tax credit (ITC)...
- IndusInd Bank shares rise 5% as RBI officials hope things will settle soonIndusInd Bank shares: Governor Sanjay Malhotra emphasized that the central bank will fulfill its responsibilities if additional measures ar...
- Coffee Day Global case: NFRA slaps Rs 2.15 cr fine, imposes ban on 2 auditors, 1 audit firmIn its probe, NFRA found that the auditors (ASRMP & Co, Sundaresha and Madhusudan) failed to exercise professional judgement and scepticism...
- Coffee Day Global, MACEL audit lapses: NFRA slaps Rs 1.25 cr fine, imposes ban on 4 auditors, 1 audit firmThey falsely reported the financial statements of CDGL and MACEL for the FY 2018-19, and did not give a true and fair view of the financial...
- Sebi gives clean chit to Tree House Education, promoters in misstatements of financial case"The forensic audit and investigation of Sebi now completed. In furtherance of the terms and reference to the forensic auditor and conseque...
- Sebi steps up watch on window dressing to pump and dump stocksSebi met stock exchange officials earlier this week to monitor company activities.
- SAT quashes Sebi's order banning Tree House Education and Accessories, officialsRajesh Bhatia, Geeta Bhatia, Giridharilal S Bhatia and Hiten Trivedi are the officials from whom the ban is lifted.
- Companies buying more and more insurance for directors & officers amid rising bankruptcy, fraud casesWhile action taken by the Central Bureau of Investigation per se does not trigger D&O cover, it is invoked when the matter goes to court.
- Ex-AIG CEO Greenberg settles fraud chargesIn complaints against Greenberg & Smith, the SEC said the pair were responsible for making misstatements on growth targets. Financial crisi...
- Satyam effect: Companies look for directors' coverEver since Satyam founder B Ramalinga Raju confessed about a Rs 7,000-crore fraud in the IT services company, India Inc is suddenly running...
- PwC found no fraud in Satyam; got 5-fold more pocket expensesSatyam's Rs 7,800 crore scam may have sent the government, regulators and India Inc in a tizzy, but the top auditing firm Price Waterhouse ...
- Now corporates can take IPO liability coverStringent IPO norms & entry of brokerage firms have increased risks for companies. Credit crunch? Don't fret | Chill during bear mkt | Mkt ...
- FBI estimates $1bn losses from mortgage fraud schemes in USThe FBI says it has arrested about 300 real estate industry players since March _ including dozens over the last two days _ in its crackdow...
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