The Calcutta High Court sought a detailed report on funds in frozen TMC bank accounts while questioning the speed of the West Bengal Police’s action. The Court observed that the accounts were frozen immediately after the FIR, raising concerns over the apparent haste of authorities.
The Calcutta High Court declined an urgent hearing on the Trinamool Congress’s plea challenging the freezing of its bank accounts after authorities imposed a debit freeze on three accounts. The action followed complaints by rebel MLAs seeking an investigation into the source of funds deposited in the party’s accounts.
SEBI barred Rajesh Exports Limited and promoter-chairman Rajesh Mehta from the securities market following an investigation into alleged financial irregularities, disclosure lapses, related-party transactions, and possible manipulation of financial statements involving an alleged revenue misrepresentation of nearly Rs 15.15 lakh crore.