Karvy Group

The Enforcement Directorate on Saturday said it has attached fresh assets worth over Rs 110 crore in connection with its money laundering probe against Karvy Stock Broking Limited (KSBL), its CMD C Parthasarathy and others.

The Enforcement Directorate (ED) today arrested Karvy Group's Chairman and Managing Director C Parthasarathy and its Chief Financial Officer G Krishna Hari in a case of alleged money laundering.

However, Sebi has allowed the entity to continue with primary market activities that have been undertaken before Monday's order.

In a major order with regard to the IPO scam of 2003-2005, market regulator Securities and Exchange Board of India (Sebi) has barred Karvy Stock Broking Ltd (KSBL) from taking up new assignments or launching new schemes for six months in respect of its role as a stock broker.

Deccean Chronicle promoters have allegedly forged documents in the name of Karvy Group.

In 2011, the number of households with financial wealth of $1 million or Rs 5.5 crore rose by 28,000 to 162,000, according to a new report by Boston Consulting Group, a global consultancy firm. The report titled “Global Wealth 2012: Battle to regain strength” puts the global private financial wealth at $ 122 trillion as of December 2011. Here a...

The Enforcement Directorate on Saturday said it has attached fresh assets worth over Rs 110 crore in connection with its money laundering probe against Karvy Stock Broking Limited (KSBL), its CMD C Parthasarathy and others.

The Enforcement Directorate (ED) today arrested Karvy Group's Chairman and Managing Director C Parthasarathy and its Chief Financial Officer G Krishna Hari in a case of alleged money laundering.

However, Sebi has allowed the entity to continue with primary market activities that have been undertaken before Monday's order.

In a major order with regard to the IPO scam of 2003-2005, market regulator Securities and Exchange Board of India (Sebi) has barred Karvy Stock Broking Ltd (KSBL) from taking up new assignments or launching new schemes for six months in respect of its role as a stock broker.

Deccean Chronicle promoters have allegedly forged documents in the name of Karvy Group.

In 2011, the number of households with financial wealth of $1 million or Rs 5.5 crore rose by 28,000 to 162,000, according to a new report by Boston Consulting Group, a global consultancy firm. The report titled “Global Wealth 2012: Battle to regain strength” puts the global private financial wealth at $ 122 trillion as of December 2011. Here a...