forensic audit

The Supreme Court ruled that banks are not required to provide personal oral hearings before classifying accounts as fraudulent. However, banks must furnish customers with a forensic audit report prior to such classification. This decision acknowledges the infeasibility of individual hearings given the significant rise in bank fraud cases.

The Economic Offences Wing (EOW) is intensifying its fight against white-collar crime, leading to a significant rise in FIR registrations and arrests. Leveraging advanced technology and close coordination with banks, the EOW is effectively tackling property fraud, bank fraud, and Ponzi schemes, while also focusing on public awareness and swift asset recovery.

The CBI has filed a new case against Anil Ambani and Reliance Communications, along with bank officials, following an LIC complaint. Allegations suggest LIC was misled into investing Rs 4,500 crore in Non-Convertible Debentures based on false financial representations. A forensic audit revealed alleged misuse of funds, including siphoning through subsidiaries and fictitious transactions, causing a Rs 3,750 crore loss.

Morena's Nandini Agrawal achieved a historic feat, becoming the world's youngest Chartered Accountant at 19 and securing a Guinness World Record. Excelling academically from a young age, she cleared Class 10 at 13 and Class 12 at 15. Now a successful CA, content creator, and advocate for early investment, Nandini inspires young individuals to pursue their dreams with dedication.

In a shocking turn of events, a trio of masked criminals pulled off a bold robbery at a vulnerable SBI ATM in Danapur, Patna, absconding with around Rs 30 lakh. They cleverly obstructed the CCTV cameras using paint before using a gas cutter to break into the cash chamber.

Illegal opium cultivators killed a rewilded, radio-collared tiger in Madhya Pradesh to deter forest patrols from discovering their illicit farms. The big cat's movements, tracked by its collar, brought officials too close, prompting the deadly act. The tiger was poisoned using a bull, and its collar was destroyed to hide evidence.

The ICAI has opened registrations for its 64th campus placement programme, with interviews scheduled across major cities from April 6. The drive is expected to see strong participation from top recruiters across sectors. With over 10,200 offers in the previous cycle, this placement season is set to play a key role for newly qualified Chartered Accountants entering the workforce.

A man died tragically after being crushed in a malfunctioning elevator at R G Kar Medical College. The lift operator was reportedly dozing when the incident occurred. Police have arrested five staff members and are investigating the cause of the malfunction, with a focus on potential tampering.