Latest News

CHITRA MAY ESCAPE DESPITE CBI NOTICE

CHITRA MAY ESCAPE DESPITE CBI NOTICE

The National Stock Exchange (NSE) boss, Chitra Ramakrishna being issued a Lookout circular (LoC) has made people doubt the efficacy of the nodal investigating government agencies in matters of multi-crore scams. The matters have come to a head with investors...

NSE MULTI CRORE SCAM

NSE MULTI CRORE SCAM

Soon following the arrest and custodial interrogation of Anand Subramanian by CBI officers, observers from the investor community informed the Sprout’s Special Investigation Team (SIT) about it being a cover up operation to hide the real culprits behind the NSE scam....

INVESTORS NOT SURE ON HOW GOVT. WILL TREAT LIC

INVESTORS NOT SURE ON HOW GOVT. WILL TREAT LIC

The government’s over-trodden approach of using its milking cow Life Insurance Corporation (LIC) to bail it out of a fiscal deficit has met with sharp reactions from investors round the country, who feared that it could run them down into bad debts. The story began...

GUJ GOVT HELD FOR RS 6000 CR COAL SCAM

GUJ GOVT HELD FOR RS 6000 CR COAL SCAM

The ruling BJP state government in Gujarat has come under severe flak owing to an alleged coal scam. Voices in the Congress cited that the coal scam runs into INR 6,000 crores, lasting for a period of nearly one-and-a-half decades. The state government is allegedly...

THE ACCOUNTS OF 25 FAKE LABOUR CO-OPS IN MUMBAI SEALED

THE ACCOUNTS OF 25 FAKE LABOUR CO-OPS IN MUMBAI SEALED

The accounts of 25 fake labour cooperatives enrolled with the Mumbai District Central Co-Operative Bank Ltd (Mumbai Bank), have been sealed as part of ongoing inquiry by the Economic Offences Wing (EOW) of the Mumbai Police, into the alleged financial mismanagement of...