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[ad_1] The CBI has filed a supplementary chargesheet against 24 people in connection with a Rs 60,000 crore Ponzi scam allegedly run by the Pearls group, officials said on Wednesday. In the chargesheet filed before a special CBI court here, the central probe agency has also named three companies, Pearls Infrastructure Projects Ltd, ARSS Infrastructure Projects Ltd and Jain Infraprojects Ltd, they said. The supplementary chargesheet names 11 accused businessmen who were arrested on December 22, 2021. It is alleged that Pearls group companies allegedly collected around Rs 60,000 crore (approx) from around 5.5 crore investors all across the country by illegally operating different investment schemes, without any statutory approval and allegedly with a motive to dupe the investors, CBI spokesperson R C Joshi. “It was alleged that the accused were the co-conspirators in this scam, who aided the prime accused and others in illegally operating investment schemes for earning quick and easy money, inducing investors to invest their funds in such investment schemes which offered lucrative returns to the investors and thereafter in diversion of such funds through dubious means with the motive of misappropriation,” Joshi said. Besides the three companies, those named in the charge sheet include Pearls group executives Harchand Singh Gill, Chander Bhushan Dhillon, Prem Seth, Gurjant Singh Gill, Balvir Singh, Tarlochan Singh, Mohanlal Sehjpal, Kanwaljit Singh Toor, Gurpratap Singh, Harsatinder Pal Singh Hayer, Sukhwinder Kaur, Barinder Kaur, Gurnam Singh and Joginder Tyger. It also named businessmen Praveen Kumar Agarwal, Anil Kumar Khemka, Mannoj Kumar Jain, Akash Agarwal, Subash Agarwal, Rajesh Agarwal, Prateek Kumar, and Brajendra Singh Bhadouriya, private person Janeshwar Dass, and chartered accountant Manmohan Kamal Mahajan. The CBI had arrested Bhangoo, CMD of Pearls Golden Forest Ltd (PGF) and ex-chairman of Pearls Australasia Pty Limited, along with Sukhdev Singh, MD and promoter-director of Pearls Agrotech Corporation Ltd (PACL), Gurmeet Singh, executive director (finance) and Subrata Bhattacharya, ED in the PGF/PACL on January 8, 2016. The CBI has alleged that the companies illegally collected huge funds from crores of investors from across the country under the garb of sale and purchase of agricultural land and promise of high returns, Joshi said. These companies were allegedly engaged in fraudulent activities, including forgery in their illegal operations, he said. “Investigation also revealed that the accused persons fraudulently diverted the alleged funds collected under the aegis of Jaipur based private company (PACL) for purported investment in Australian companies. It has been alleged that 132.99 mn AUD (approx) found to have been diverted to Australian companies,” he said. A chargesheet was filed against the accused, including private companies, on April 7, 2016 following which the CBI focussed on looking at other aspects of the financial crime and role of other accused in it, the officials said. During the investigation, it surfaced that the investments were received by the said Pearls group from investors against fraudulent and false sale of agricultural land and development of such land on behalf of investors. “It was also alleged that no land development work was executed and funds were diverted by routing the same through several shell companies controlled by different entry operators/other associate companies/groups. These companies were not into execution of land development work and worked only as conduits for illegal diversion of funds,” Joshi said. [ad_2] Source link

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[ad_1] At least 13 killed in Philadelphia house fire, local media report [ad_2] Source link

[ad_1] Placement season FORE School of Management: The New Delhi-based FORE School of Management has already recorded a whopping 90% placement for the current 2020-22 batch of students, the institute said in a statement. Among the placement offers are international as well as domestic offers, and the highest CTC that has been offered till now in the placement drive for this batch is Rs 41 Lakh Per Annum (LPA). This is an international offer. Meanwhile, the highest CTC offered domestically is Rs 21.5 LPA. Not only that but the average CTC that has been offered stands at Rs 11.75 LPA. The average CTC has remained steady over the past three years, the institute said, despite the pandemic causing several issues among industries and the economy. Major offers have been provided by the IT, Finance, FMCG, Counseling and ITES sectors. To put this year’s placement record into perspective, while the average CTC offered to the batch of 2019-21 last year was Rs 10.7 LPA, the highest package had been Rs 27 LPA. This had been offered by the consulting and research sector, following which Rs 24 LPA was offered by the marketing sector, Rs 20 LPA for the operations and IT sector, Rs 17 LPA by the HR sector and Rs 15 LPA by the Finance sector. While this year’s process is yet to be completed, last year, 136 recruiters had extended multiple offers to students, and of them, 58 had been new recruiters. The batch had contained 355 students, and 39% of the offers had been made by the IT/ITES sector, followed by 22% from BFSI and 21% from research and consulting. [ad_2] Source link

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[ad_1] Thailand fears "tens of thousands" of new COVID-19 cases, weighs curbs [ad_2] Source link

[ad_1] Over 45 million Indians satiated their food cravings by dining out at their favourite restaurants in 2021, with Delhi again emerging as the country’s Dining Capital, according to a report. An average bill of Rs 2,670 was paid in 2021 as compared to Rs 1,907 in 2020, according to the report by India’s largest dining out and restaurant tech platform Dineout. About 45 million Indians saved Rs 1,360 crore while booking 8,588 tables per hour using Dineout in 2021, as per the Dineout Trends Report 2021. Delhi bagged the title of “Dining Capital of India” for the third time in a row accounting for 32 per cent of the total diners in India followed by Bengaluru at 18 per cent. Butter Chicken, Dal Makhni and Naan yet again won the league making North Indian food a hit among Indians at 38 per cent, Chinese at 18 per cent and Continental at 16 per cent, according to the report. The City of Lakes, Udaipur, is the new ‘City of Love’ with 44 per cent of its bookings under ‘Table for 2’, whereas the cities of Agra and Ludhiana had the maximum ‘Table for 4’ reservations, the report findings showed. Owing to the higher disposable income thanks to our WFH (work from home) lifestyles, luxury dining across India has increased by as much as 120 per cent and fine dining by 105 per cent, and the average number of diners per booking has also risen, said the report. As much as India is a land of foodies, it boasts a significant number of drink enthusiasts. Bengaluru consumed 50,000 litres of alcohol in December alone, making itself the liquor capital of India in 2021, the report said. It also sheds light on the fact that dinner is the most preferred time to eat out by Indians. While the city of Agra loved to dine out during the night with 59.3 per cent of reservations made for the dinner, foodies in Chennai planned the most number of luncheons with 47 per cent of table reservations done during lunch-time. Delhi’s Connaught Place emerged as the top eating out location, followed by Lower Parel in Mumbai, Whitefield in Bengaluru, Thyagaraya Nagar in Chennai and Salt Lake in Kolkata. Dineout co-founder and CEO Ankit Mehrotra said, “In the year gone by, it was interesting to observe how revenge dining shot up the average bill by 40 per cent but still diners made considerable savings. This is a testament to Dineout’s value for the diners.” He added that the trends also saw people getting cautious about their choices to dine out at luxury restaurants or places with over-four-point reviews and ratings. “A total of 73.5 per cent of transactions were made pan India at 4+ rated restaurants. Mumbai stood out from the rest of the cities with a total of 85.2 per cent of transactions done at the best restaurants in the city,” he said. [ad_2] Source link

[ad_1] Are you working on a plan to become debt-free but are paying a lot of interest on purchases made on your existing high interest card? A balance-transfer credit card, which allows you to move the balance from your current cards over to a new card with a lower interest rate (some as low as 0%) can be a good strategy. Just keep in mind that these great balance transfer offers are time limited and when that period ends—often after only six months—the rates go back up. (Note: The regular rate on some of these cards is still significantly lower than the standard 19.99%.) Find your next credit card.What kind of credit card are you looking for? Get matched with the best cards for you in under 2 minutes at ratehub.ca. Let’s get started. I want to earn rewardsI want to pay low interest You will be leaving MoneySense. Just close the tab to return. The best balance transfer credit cards in Canada 2022 Card Balance transfer rate Annual fee CIBC Select Visa (get more details) 0.00% for 10 months (+ 1% transfer fee) 13.99% afterwards $29 Scotiabank Value Visa (get more details) 0.99% for the first 6 months (must apply by Feb. 28, 2022) 12.99% afterwards $29 BMO Preferred Rate (get more details)* 3.99% for 9 months (+1% transfer fee) 12.99% afterwards $20 (waived 1st year) MBNA True Line Mastercard (get more details)* 0% annual interest rate for 12 months (on balances transferred within 90 days) 12.99% afterwards $0 BMO Air Miles Mastercard (get more details)* 1.99% for 9 months (+1% transfer fee) 22.99% afterwards $0 CIBC Select Visa Card The CIBC Select Visa easily wins the title of best balance transfer credit card in Canada for its unbeatable promotional offer: New cardholders enjoy 0% interest rate for balance transfers for 10 months. This can be a great tool to consolidate and pay off debts with no interest. 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Annual fee: $20, refunded in the first year Balance transfer offer: 3.99% introductory interest rate on balance transfers in the first 9 months; 1% transfer fee Interest rate: 12.99% for purchases and 15.99% for cash advances Additional benefits: Extended warranty and purchase protection; discounts on Cirque du Soleil admission Get more details about the BMO Preferred Rate* MBNA True Line Mastercard* The MBNA True Line Mastercard commands no annual fee, and when you sign up and transfer your balance within 90 days, you’ll get a full year interest-free. While there is a balance transfer fee of 3%, the long grace period makes this a strong card for those who need to pay down debt. At the end of the promotional period, any remaining outstanding balance will be subject to the regular rate of 12.99%, which is still significantly lower than most regular cards. A solid promotion and no annual fee make the MBNA True Line Mastercard one of the best balance transfer credit cards around. 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