Posts in

Archives


A special court of Additional District and Sessions Judge Ajay Kumar Rajput on Wednesday rejected the bail application of businessman Sunil Agarwal arrested in an alleged money laundering case linked to the transportation of coal in Raipur in Chhattisgarh. During the hearing of the case on Wednesday, businessman Sunil Agarwal and other defendants in the …

KUALA LUMPUR (23 November): Hong Leong Investment Bank (HLIB) and Public Investment Bank (PIVB) have lowered their profit forecasts for Sime Darby Plantation Bhd (SDP) for the fiscal year ending 31 December 2022 (FY2022). HLIB cut its FY2022-23 base net profit forecast for SDP by 2.7% to 19.0%, while PIVB cut its FY2022 profit forecast …

A loan given to customers for the purpose of financing certain types of expenses is called a consumer loan. In other words, a consumer loan can be defined as any type of loan given to a customer by a creditor. There are secured and unsecured options for the loan. Consumer Loans: A Comparison of Secured …

ICICI Bank has launched two new products – Loan Against Deposits (LAD) and Dollar Bonds – for NRI clients at its branch in GIFT City, the emerging global center for financial and IT services based in Gujarat. ICICI Bank is the first bank to offer these products in GIFT City. “Foreign currency bonds are one …

Winning such titles is not a source of pride. With the very human cost of money laundering in the form of the wars on drugs, human trafficking and more, the UK needs to take an aggressive and strategic approach to reducing financial crime. But current practice is way behind where it needs to be. Financial …

Disclaimer: The datasets shared in the following article have been compiled from a collection of online resources and do not reflect AMBCrypto’s own research on the subject. The price of Terra Luna Classic (LUC) has fallen from $000.2425 to $0.0001765 since the collapse of cryptocurrency exchange FTX on November 8. This revealed a decline of …

Important titles for businesses and executives in regulated industries Pharmacy owners plead guilty to COVID fraud and money laundering scheme Two New York men have pleaded guilty to their alleged involvement in a complex money laundering conspiracy to launder the proceeds of a fraudulent health care plan, which involved the submission of false and fraudulent …

On November 3, a home goods e-commerce company Wayfair (W -9.26%) released financial results for the third quarter of 2022, which included a whopping $431 million in negative cash flow from operations. Management doesn’t want investors to worry, however, as it says Wayfair has already generated $500 million in annualized savings with plans to find …

Small businesses have unique needs that often stem from cash flow issues. They need money to start a new project, but they haven’t been paid yet for the last project. They can’t just close until their money comes in, so what can they do? There are many financing solutions available, such as eCapital small business …

The Rouse Avenue court today said in its order that politician Aam AadmiParty and Delhi minister Satyendar Jain’s bail order was ready, but there is more to be seen in the money laundering case. money against co-defendants Vaibhav Jain and Ankush Jain. The Court said it has not yet drafted the order for one of …

Nov 15 (Reuters) – Credit rating agency Fitch on Tuesday downgraded Telecom Italia’s credit rating from “BB-” to “BB-“, citing insufficient debt reduction in 2022. Fitch said its outlook for Italy’s biggest telephony group was “negative”, warning that rising inflation and falling consumer purchasing power will affect earnings before interest, tax, depreciation and amortization (EBITDA). …

The new paperNovember 14, 2022 A man in China has been sentenced to 15 years in prison for stabbing his daughter after running up credit card debt of more than one million yuan (200,000 Singapore dollars) while shopping online. According to China’s Xinmin Evening News, 30-year-old Liu Juan (pseudonym)’s addiction to online shopping began in …

The rupee falls sharply to break through the 81 mark against the dollar The rupee reversed early-session gains to fall sharply on Monday, as a warning from a Federal Reserve official that it would take a series of weak inflation reports to drive the bank away from the Rate hikes supported the battered dollar. Bloomberg …

Nigeria to launch redesigned banknotes in December to fight terrorism and money laundering ABUJA, Nigeria – The Central Bank of Nigeria (CBN) plans to roll out the newly redesigned currency by December 15 this year. Nigerian Head of State Muhammadu Buhari has said there is no turning back on this policy. CBN has announced its …

Richmond Mercury – The Star of the Philippines November 13, 2022 | 00:00 MANILA, Philippines — Davao-based Phoenix Petroleum businessman Dennis Uy saw his earnings before interest, taxes, depreciation and amortization (EBITDA) plummet by nearly a third in the nine months ending in September due to lower domestic fuel volume in the third quarter. Year-to-date, …

Nova Scotian nanotechnology company Meta Materials Inc. announces significant increase in revenue just as it signs agreement to help reduce the cost and weight of batteries for electric vehicles, extend their range and improve their safety. Nova Scotia-based nanotech company Meta Materials Inc. (MMAT:NASDAQ; MMAX:CSE; MMAT:FSE) reported a significant revenue boost in the third quarter …

Jakarta (ANTARA) – Digital financial platforms, or financial technologies (fintech), can help boost national economic recovery and growth, according to the Coordinating Minister for Economic Affairs, Airlangga Hartarto. “The digital finance sector has very promising potential. Thus, the existence of various digital financial platforms as national players should support the acceleration of economic growth and …

A special court in Raipur, the capital of Chhattisgarh, extended the custody of an Indian Administrative Service (IAS) officer and two others on Thursday in a money laundering case linked to an alleged extortion of money from mining transporters. The court also sent coal trader Suryakant Tiwari, one of the main suspects in the case, …

The recently concluded quarter was once again positive for Kalyan Jewelers India Limited. The company recorded consolidated revenue of Rs 3,473 crore for Q2FY23 compared to Rs 2,889 crore in the corresponding quarter of the previous year, representing a growth of 20%. Earnings before interest, tax, depreciation and amortization (EBITDA) was recorded at Rs 266 …

Personal finance Best way to achieve economic growth, create jobs Wednesday 09 November 2022 President William Ruto during the distribution of relief food in Nakaalei, Turkana County, to victims of hunger, due to the prolonged drought on November 05, 2022. PHOTO | NMG President William Ruto campaigned on a platform of change and many people …

Andrii Yalanskyi/iStock via Getty Images This article was researched and written by January Mbuvi. Investment thesis Federal Agricultural Mortgage Corporation (NYSE: AGM) is a government chartered organization that provides loans at below market interest rates for rural infrastructure and agricultural mortgages in United States. The company’s stock prices plateaued from 2018 to 2020, but have …

SAN JUAN, Puerto Rico – On October 28, 2022, a federal grand jury returned a 40-count superseding indictment charging eight people with conspiracy to commit bank fraud, wire fraud, fraud on access devices, aggravated identity theft and money laundering conspiracy. The United States Postal Inspection Service (USPIS) and the Federal Bureau of Investigation (FBI) are …

The Law Enforcement Directorate (ED) on Saturday interviewed the personal assistant to the Deputy Chief Minister of Delhi, Manish Sisodia, as part of its money laundering probe into alleged irregularities in the formulation and the implementation of the now abandoned excise policy. The agency interviewed Devendra Sharma and filed her statement under the Prevention of …

Social media stocks have been bombarded this earnings season as growth rates slowed across the board, but there was one exception to the rule. Whereas Metaplatforms and Instantaneous fell sharply on their respective earnings reports, pinterest (NYSE: PINS) jumped nearly 14% last Friday after its announcement in the third quarter. The company posted strong revenue …

KUALA LUMPUR (3 November): Datuk CR Narendrakumar, managing partner of Grant Thornton Malaysia, was arraigned in Sessions Court here on Thursday and charged with money laundering involving RM115 million, which was allegedly committed four years ago . Narendrakumar, 72, pleaded not guilty before Judge M Bakri Abd Majid. Narendrakumar has been accused, as receiver and …

What happened Therapeutic Horizon (HZNP 11.32%), a biopharmaceutical company specializing in rare, autoimmune and inflammatory diseases, saw its shares jump 11.32% on Wednesday after the company reported its third quarter results. The stock closed at $63.18 on Tuesday, then opened at $68 on Wednesday. It spiked as high as $72.64 by mid-afternoon before closing at …

Digital Finance Market 2022-2029, Global Industry Size, Growth, Scope, Share, Regional Competition Landscape, Porter’s Five Digital Finance Market Research Report: A Brief Summary • The study offers details of the major organizations and companies operating in the market, so that research clients can understand how the major market players continue to succeed in the industry. …

Central Bankers, Foiled Economists Bets, including 2.5% incentives, to shippers make no difference JUBAIR HASAN | Published: November 02, 2022 08:41:08 | Updated: November 02, 2022 08:43:01 Incoming remittances continue to fall, with Bangladesh recording the lowest foreign exchange receipt from expatriates in eight months to October – alongside falling exports – even as labor …

Illustrative photo Money laundering practices Mr. Nguyen Minh Duc, Vice Chairman of the National Defense and Security Committee of the National Assembly of Ho Chi Minh City, drew attention to seven very common money laundering practices that are adopted today today. First, a person sets up a business as a front to buy and sell …