Shankar Subramaniam Xavier, who also went by the name of Navin Xavier, was the Chief Executive Officer of Essex Holdings.

The 44-year-old raised more than USD 29 million from nearly 100 investors for investments in iron ore mining in Chile and sugar transportat...

Internet of Things is being used to bring transparency in the scam-hit iron ore sector in Goa and sand mining business in Andhra Pradesh an...

"Out of 927 cases registered, 251 are of commercial fraud, involving seizure of goods valued at Rs 1,130.8 crore," Sinha said in a written ...

The Comptroller and Auditor General (CAG) has started audit of every railway wagon that has carried iron ore since 2008, due to a scam.

The UPA govt is staring at yet another massive scandal that has resulted in the state exchequer losing thousands of crores.

Govt has recommended winding up of loss-making STCL saying the firm has suffered massive liability of Rs 1,208 cr on account of fraud and c...

In a relief for Sesa Goa, the Ministry of Corporate Affairs has asked SFIO not to initiate prosecution against the company in a case relate...

An investigation has detected a massive fraud by mining firms by showing transport of iron ore for exports through railways.

SFIO has said that mining major SGL has not indulged in any corporate impropriety with regard to allegations of over and under invoicing of...

The prosecution has been filed for alleged irregularities in invoicing of imports and exports pegged at Rs 1,000 crore.

Iron ore from the mines in Orissa and Jharkhand is primarily exported through Haldia, Vizag, Paradip and Gangavaram ports.

Mining major Sesa Goa has refuted allegations of over and under-invoicing of exports and imports worth over Rs 1,000 crore.

Shares of ITC were the sole gainers on the Sensex after the company reported better-than-expected fourth quarter earnings.

Mining major Sesa Goa today said it is yet to receive an investigation report from corporate fraud probe body SFIO.

The SFIO has also recommended prosecution against the Sesa Goa's Managing Director for violations under the Companies Act, 1956.

The government has ordered the Serious Fraud Investigation Office (SFIO) probe into alleged financial irregularities of Sesa Goa, a company...