#Tibrewal

[breakingnewsglobal]

Skyexchange Betting Scam: Chandrakar, Others Laundered ₹423 Cr In Stock Markets

His allegedly close associate and partner in the venture, Hari Shankar Tibrewal, is currently absconding.

An Enforcement Directorate (ED) investigation revealed that Saurabh Chandrakar had invested heavily in the betting website Skyexchange. His allegedly  close associate and partner in the venture, Hari Shankar Tibrewal, is currently absconding.

Tibrewal, recently identified as a key player of Mahadev betting app. Tibrewal  operated Skyexchange, and accused of laundering substantial funds earned from the Skyexchange betting site into the stock market through eight Indian companies.

These dummy companies, under the directorship of Tibrewal's close associate and Indian partner, Suraj Chokhani, allegedly diverted a staggering ₹423 crore (as of February 29) to stock portfolios on the instructions of Tibrewal.

The dummy company involved in laundering the Skyexchange betting money to the stock market is

1-M/S Ability Games Private Limited, with a present value of portfolio in stocks of  RS - 74,64,37,093. 2-M/S Brillinant Investment Consultants Private Limited  with a present value of portfolio in stocks of  RS - 45,80,74446.30 3-M/S  Discovery buildcon private Limited  with a present value of portfolio in stocks of  RS - 31,55,09,483.07 4-M/S Forest Vincom Private Limited  with a present value of portfolio in stocks of  RS - 41,58,40,033.85 5-M/S  Swarnabhoomi vanijya  Private Limited  with a present value of portfolio in stocks of  RS - 45,80,74446.30 6-M/S Dream Achievers  Consultancy Private Limited  with a present value of portfolio in stocks of  RS - 113,96,44,720.00 7-M/S Ability Smarttech Private Limited  with a present value of portfolio in stocks of  RS - 41,62,59,225.55 8-M/S Ability Ventures  Private Limited  with a present value of portfolio in stocks of  RS - 39,56,04,700.00 Together, these dummy companies Tibrewal account for a total investment of Rs. 423,60,42,389.11 in the stock market. The ED suspects that most of these investments were in small and mid-cap stocks.

Findings of further investigations Further investigation revealed that Tibrewal was involved in manipulating the stock market in collusion with these listed companies. Using his substantial capital, Tibrewal created temporary fluctuations in share prices, driving them upwards, and then withdrew funds once the prices reached a desirable level..  

The ED's probe also found evidence of cash earned from the betting business being injected into these companies, either directly or indirectly, to be invested in the stock market. An Excel sheet recovered during the ED search detailed how these companies converted the betting funds to bank entries using the services of professional entry operators. This was done to obtain bank balance in bank accounts, with transactions in the name of unlisted equity being undertaken with professional entry operators.

The entire operation orchestrated by Tibrewal was reportedly run by his close associate and arrested accused, Suraj Chokhani. Chokhani, appointed as a director in multiple companies under Tibrewal's direction, played a pivotal role in laundering the betting money.

Currently ED has identified and frozen Indian companies under the control of Tibrewal and his associates, holding securities worth Rs. 580 crore in stock portfolios. Foreign entities also invested in India via the FPI route and were found to be holding securities worth Rs. 606 crore in stock portfolios.

[townpostin]

NCLT Hearing Reveals Complexities in INCAB Insolvency Case

Workers’ Advocate Challenges Financial Claims and Resolution Process Long-standing corporate dispute sees new developments as multiple stakeholders present arguments. JAMSHEDPUR – The National Company Law Tribunal (NCLT) in Kolkata conducted a hearing on the INCAB company case, unveiling a complex web of financial claims and legal challenges. "This case highlights the intricate nature of…

[finowingspvtltd]

Stay informed about the latest twist in the Mahadev Betting App case as Hari Sankar Tibrewal faces scrutiny from the Enforcement Directorate (ED). Explore the details of the recent raid and ongoing investigation to stay up-to-date with this developing story."

In a significant turn of events, Hari Sankar Tibrewal finds himself at the center of attention as the Enforcement Directorate (ED) conducts a raid in connection with the Mahadev Betting App case. The ED's intervention adds a new layer of complexity to the already high-profile investigation surrounding the illicit betting operation.

The Mahadev Betting App case has garnered widespread attention due to its implications on the integrity of sports and the legality of online betting platforms. With Tibrewal now under the ED's radar, the investigation takes a crucial step forward, potentially uncovering vital evidence and shedding light on the extent of the alleged wrongdoing.

[myhughniverse]

Grazie UK - via social media - " ‘The motto of my life: if you don’t keep paddling, you’re never going to catch a wave.’ From the phenomenon of ‘Padam Padam’ to her Las Vegas residency - not to mention a Grammy and BRIT award - the past year has been ‘a trip’ for Kylie Minogue. In the new issue of Grazia the pop icon reflects on a life in the limelight, her poignant performance with Madonna, and building the global success which is Kylie Minogue Wines TAP the link in comments to read the full interview. Photographer: Christian Vermaak Stylist: Franck Strachan Stylist’s Assistants: Raghav Tibrewal, Jessicia Johnston, Tom Lawrence Location: Chateau Marmont Production: Kendal and Partners Editor in Chief: Hattie Brett Creative Director: Caz Roberts Deputy Editor: Hanna Woodside Kylie wears Max Mara

[kalpitveerwal]

Kalpit Veerwal of Resonance Made History by Achieving Full Marks in JEE (Main) 2017

Resonance, the most trusted coaching institute of Kota, maintained its winning streak in the JEE Main 2017 results declared on 27th April, 2017. Many students from the institute cleared the first of the two-phase hurdle on their way to securing admissions to the various centrally-funded technical education institutions in the country. Kalpit Veerwal, a student of regular classroom program created history by securing full marks in JEE (Main). The information was provided by the MD of Resonance – Mr. RK Verma.

    (Photo:http://mma.prnewswire.com/media/508337/Resonance_JEE_Main.jpg )

Mr. RK Verma added that Kalpit has made us proud by achieving 360 out of 360 and surpassing the highest record of 355 marks. Kalpit took admission in Resonance in Class VIII in Udaipur Study Centre. Another student of Kota Study Centre Vishwajeet Agarwal clinched AIR 5 by securing 345 marks.

Mr. Verma said that so far total of 13,225 students have qualified for JEE (Advanced). 9,157 students are from regular classroom program and 4,068 from distant learning (DLPD and e-LPD).The highest number of selection which counts to 5,862 are from Kota study centre. There are 23,356 students from Resonance who are eligible to take admission in various NITs, IIIT, and CFTI. Out of the eligible students, 17,360 students are regular classroom students and 5,996 are distant learning students.

Mr. RK Verma also informed that 2 students bagged rank in Top 10, which also includes All India Topper – Kalpit and 20 students are positioned in Top 100. The top 100 rank holders include 10 from regular classroom program and 10 from distance learning program. There are 52 students of Resonance who have scored more than 300 marks in JEE (Main). Out of these students, 29 are from regular classroom program and 23 from distance learning program.

The other students who secured AIR ranks are: Piyush Dilip Tibrewal (AIR 14), Deepank Agarwal (AIR 15), Aman Kansal (AIR 21), Abhilash Kar (AIR 23), Aniket Gupta (AIR 27), Devansh Garg (AIR 33), Ritesh Kumar (AIR 42), Pragya Rastogi (AIR 44), Devansh Shringi (AIR 52), Mohit Kumar Gupta (AIR 53), Hinad Hemant (AIR 54), Prashant Sisodia (AIR 63), Sameer Vivek Pandey (AIR 68), Siddharth Chandak (AIR 73), Shivam Goyal (AIR 82), Sumant Hegde (AIR 93) and Saahil Singh (AIR 94) and Vedant Prakash (AIR 98).

Students of JNV Bundi also performed very well under the able guidance of faculty members of Resonance. All the 50 students from JNV Bundi qualified for JEE (Advanced); out of which 2 students bagged position in top 1000.

Mr. Verma added that only the top 2 lakh 20 thousand candidates (including all categories) who qualify in the Paper 1 of JEE Main 2017 are eligible to appear for JEE Advanced 2017 examination. Applicant appearing for JEE Advanced 2017 has to score minimum 75% marks (for Gen/OBC) and 65% marks (SC/ST/PwD) in 12th or equivalent class. Or, must be within the category-wise top 20 percentile of successful candidates in their respective Class XII (or equivalent) board examination. The score of JEE (Main) will be important for students to get admission in 31 NITs, 20 IIIT and other government funded colleges.

JEE (Advanced) 2017 will be held on May 21, 2017 in two phases.   

Results @ Resonance  

Kalpit Veerwal All India Topper scored 360 out of 360 in JEE (Main)

13,225 students from Resonance have qualified for JEE (Advanced)

5,862 students are from Kota Study Centre

50 students of JNV, Bundi qualified for JEE (Advanced), which cumulates to success rate of 100%

52 students of Resonance secured more than 300 marks

2 students bagged ranks in Top 10 and 20 in Top 100

[metalbook1998]

Founded in 2021 by Pulkit Baldev, Aman Tibrewal, and Raghavendra Pratap Singh, Metalbook is a digital procurement platform connecting metal suppliers and buyers across India. The platform offers competitive prices, logistics, and customization services, simplifying the procurement process. Founded in 2021 by Pulkit Baldev, Aman Tibrewal, and Raghavendra Pratap Singh, Metalbook is a digital procurement platform connecting metal suppliers and buyers across India. The platform offers competitive prices, logistics, and customization services, simplifying the procurement process.

Despite the challenges of low profit margins and capital intensity, Metalbook grew rapidly, onboarding 370+ suppliers and 200+ customers, including major players like DLF Limited and Zetwerk. By FY22, the startup achieved Rs 50 crore in revenue with an order book of Rs 230 crore.

With a goal of reaching Rs 1,000 crore in revenue by FY23, Metalbook plans to expand its product range and strengthen its sales team through future funding. The company’s growth is driven by the founders' expertise and dedication, positioning it for further success in the industry.

[worldnewsblogsposts]

ED freezes assets worth ₹580.78 crore of a partner of MOB promoters

The Enforcement Directorate (ED) has frozen security holdings worth ₹580.78 crore, belonging to a Dubai-based hawala trader, Hari Shankar Tibrewal, who the agency has identified as the third partner of the wanted promoters of Mahadev Online Book (MOB), an illegal online betting platform, the agency said on Friday.

This followed recent countrywide searches at Tibrewal’s known premises and at the premises of his associates at 17 locations in cities including Mumbai, Kolkata, Raipur, Indore, Delhi and Gurugram, as reported by HT on Thursday.

“Security holdings worth ₹580.78 crore in the name of the entities beneficially owned by Hari Shankar Tibrewal have been frozen by ED under provisions of the Prevention of Money Laundering Act,” ED sources said. As part of the crackdown on the MOB-linked money-laundering networks, the ED has also retrieved cash of ₹1.86 crore and valuables worth ₹1.78 crore.

ED has alleged that funds generated by the Mahadev app were used to pay bribes to politicians and bureaucrats in Chhattisgarh, where the case had become a major political issue ahead of the assembly elections in November.

The federal agency, which began probing the matter under the Prevention of Money Laundering Act (PMLA) in July 2022, alleged the promoters of the app, identified as Saurabh Chandrakar and Ravi Uppal, are based overseas and remotely ran illegal betting operations. The projected proceeds of the crime are about ₹6,000 crore. The two app promoters were recently detained in Dubai based on Interpol red notices issued at the behest of ED and the agency is trying to have them deported or extradited to India. A formal request in this regard has already been sent, officials said.

So far, the agency has arrested nine people. It has also filed two charge sheets, including the one against the two promoters.

ED’s money laundering investigation in the case has revealed that the MOB is an umbrella syndicate arranging online platforms for enabling illegal betting websites to enroll new users, create user IDs and laundering of money through a layered web and Tibrewal allegedly runs one such website in the name of sky-exchange, ED sources said.

“ED has successfully identified another major player involved with the promoters of the Mahadev Online Book,” an ED source said. “It was found that Hari Shankar Tibrewal, who hails from Kolkata but currently resides in Dubai, is a major hawala player and has partnered with the MOB promoters,” the source added.

The searches also resulted in the seizure of sizable evidence, including digital data and documents pertaining to assets, the sources said. The searches revealed that Tibrewal allegedly used his Dubai-based entities to invest betting proceeds in the Indian stock market via Foreign Portfolio Investment (FPI) route, the sources said.

Tibrewal allegedly also employed many of his associates as directors in various companies that were invested the betting proceeds in the stock market. “He was also involved in large-scale hawala movement of the betting funds,” the source claimed.

ED initiated the investigation in 2022 based on cases registered by the Chhattisgarh police against MOB and its promoters. Subsequently, other cases registered by Vishakhapatnam police, Andhra Pradesh and other states were also taken on record. ED’s investigation has revealed that the illegal betting platform was being run from Dubai, United Arab Emirates, by franchising panels /branches to their known associates on a 70%-30% profit ratio.

“The main promoters of Mahadev Online Book are also partner/promoter in multiple such online betting book like ‘Reddy Anna,’ ‘Fairplay’, among others, and large-scale hawala operations are done to siphon off the proceeds of betting proceeds to off-shore accounts,” the ED source said.

The ED had earlier seized/frozen movable properties worth ₹572.41 crore during searches conducted in the case. The total attachment/freezing in the case stands at ₹1,296.05 crore. The agency has so far submitted two charge-sheets against 19 accused in the case, including Chandrakar and Uppal.

[tibrewalsinterio]

Tibrewal's Interio wishes you a *Happy Holi*. This holi decorate your house with different shades of colours.....

*HAPPY HOLI*

#TibrewalsInterio

[bmcode123]

इस ब्लॉग में बताया गया है कि छोटे और मिडकैप कंपनियों में धोखाधड़ी की चर्चा हो रही है। Securities and Exchange Board of India (SEBI) ने इस ओर संकेत दिया है कि कुछ गड़बड़ हो सकती है, और यह दिखा सकता है कि लोग कीमतों के साथ खिलवाड़ कर रहे हैं। एक व्यापारिक उदाहरण के रूप में, UAE में Hari Sankar Tibrewal नामक एक व्यक्ति के चालाकी की चर्चा की गई है। उन्होंने विभिन्न कंपनियों में पैसा लगाया है, जो कि उनकी संचालन की संदिग्धता को बढ़ाता है। Enforcement Directorate (ED) ने उन्हें और उनके सहकर्मियों को धर पर लिया है और उनके खाते जांचे हैं। इसके अलावा, ब्लॉग में यह भी कहा गया है कि इस प्रकार की धोखाधड़ी में मीडिया की भी भूमिका हो सकती है। अंत में, पाठकों को सतर्क रहने की और वित्तीय चालों को समझने की आवश्यकता का संदेश दिया गया है।

[marwahstudios]

Sandeep Marwah Inaugurates “Reminiscence 2024” – A Group Exhibition of Still Photographs

Noida: Marwah Studios witnessed a magnificent display of artistic prowess as a group exhibition featuring the works of 23 photographers from across India opened its doors under the banner “Reminiscence 2024”. The esteemed inauguration ceremony was graced by the presence of Dr. Sandeep Marwah, a distinguished international educator and the Chancellor of AAFT University.

Curated by the talented Smita Biswas and passionately promoted by Tushar, the exhibition showcased a diverse array of photographic masterpieces, each narrating its unique tale and reflecting the depth of knowledge and experience possessed by the photographers. Dr. Sandeep Marwah, while admiring the exhibition, likened the photographs to pages from a captivating coffee table book, each capturing a moment frozen in time with unparalleled elegance and insight.

The participating artists whose exceptional works were featured in the exhibition are: Anandi Ray, Anurupa Roy, Bhushan Shirish Rajopadhye, Deepshikha Deb, Deepti Bhatia, Harshal Ram Yojna Surve, Murthy Boggavarapu, Megha Sindwani, Naila Praveen, Neeraj R Krishnan, Rohit Kaushik, Rak Kumar Koul, Raveena Rawat, Shikha Sheoran, Sayan Biswas, Shivani Tibrewal, Sunder Ganesh, Tarunima Sen Chandra, Tushar Kanti Paul, Tiyas Som, Ashutosh Kumar, Tushar Kumar Biswas, Vikas Baijal

The exhibition serves as a testament to the rich diversity and immense talent prevalent in the Indian photography scene. Each photograph on display encapsulates a unique perspective, skillfully captured by the adept hands and creative minds of the participating artists.

“Reminiscence 2024” is not merely an exhibition but a celebration of the art of photography, offering viewers a glimpse into the myriad facets of life through the lens of these talented photographers.

[unvtechsolutions]

Leave FD And Invest In Kotak Emerging Equity Fund, You Will Get Double The Returns.

Over the past five years, this Kotak Emerging Equity Fund has returned thirteen percent. Over the past ten years, our returns have averaged over 14 percent. Comparing funds in the same category, we find that their returns have varied from 10 to 13 percent. Beyond that, investors have benefited from Kotak Emerging Fund. A lot of people are talking about the Kotak Emerging Equity Fund. The start date of this fund is March 30, 2007. This fund has fared incredibly well since then. This fund has produced compound returns of up to 21% thus far. Ramco Cement, Coromandel International, and Supreme Industries are the leading stocks involved in this.Investors receive a strong mid-cap portfolio with this.

A mutual fund called Kotak Emerging Equity Fund was introduced in 2007. Pankaj Tibrewal is the fund manager’s name. The fund has a net asset value (NAV) of Rs 62.50 and a fund size of Rs 11,430 crore. This fund has 5.67 percent ownership of Supreme Industries, 3.60 percent of Ramco Cement, 3.50 percent of Coromandel International and 3.41 percent of Thermax. About 67 stocks make up this mid-cap fund. The composition of Kotak Emerging Equity Fund is 10 percent large cap, 23 percent small cap, and 67 percent mid cap. This fund has been maintained in the mid cap category as a result. Since it’s a mid-cap, it could yield higher returns.

How is Kotak Emerging Equity Fund for investment?

Pankaj Tibrewal is in charge of overseeing this program. He has amassed a respectable portfolio of midcap companies over the past six months. This is a tried-and-true recipe for commercial success. Buying high-quality equities during a market slump is usually advantageous for long-term investors. If they invest for a long time, they make enormous gains. The principal sum grows exponentially. Research indicates that long-term investors who purchase midcap shares do so at a higher discount to large-cap shares. The BSE Midcap Index has returned 58% during the past five years.

Simultaneously, investors have received a 51 percent return from the large-company-heavy BSE 100 index throughout this time. Consequently, investing in midcap plans with a minimum five-year time horizon makes sense.

You will never lose if you understand this investment maxim.

Among all the midcap schemes, Kotak Emerging Equity Scheme has carved out a special position for itself. It has excellent midcap shares in its portfolio. There is a distinctive aspect of this system. In practically every time frame, it has exceeded both its peer and benchmark schemes.

Over the past three years, the plan has yielded a 9 percent return. In five years, however, it has only yielded a 16 percent return. Simultaneously, the Nifty Midcap 100 TRI benchmark index returned 7.4% in three years and 11.6 % in five years.

Pankaj Tibrewal is in charge of overseeing this program. He has put together a strong portfolio of midcap companies during the past six months. These businesses command a sizable market share in the industries they operate in. The corporation is able to weather the slump thanks to its relatively high market share.

READ MORE https://unvtechsolutions.com/leave-fd-kotak-emerging-equity-fund-will-get/

[thelawadvice]

Justice Navrang Lal Tibrewal passed away

Former Acting Chief Justice of Rajasthan High Court and former Governor of Rajasthan Justice Navrang Lal Tibrewal passed away today.

Navrang Lal Tibrewal, born on 17th January 1935 in the Jhunjhunu district of Rajasthan, is an esteemed Indian judge and former acting Governor of Rajasthan. He also held the position of the acting Chief Justice of the Rajasthan High Court.

Justice Tibrewal received his early education in Jhunjhunu, pursued his graduation at Maharaja College, Jaipur, and earned his LL.B. from University Law College in 1959. Following a six-month training period as a senior lawyer, he commenced his legal practice in the Jhunjhunu district and subordinate courts.

[doonitedin]

BJP hits at Kolkata cop who stopped its protest, says he molested Tibrewal

BJP hits at Kolkata cop who stopped its protest, says he molested Tibrewal

Kolkata: Hours after the Kolkata Police booked Bengal’s top Bharatiya Janata Party (BJP) leaders and Priyanka Tibrewal, the party candidate against Mamata Banerjee in the Bhawanipore assembly bypoll, for Thursday’s agitation near the chief minister’s home, the opposition party on Friday complained to the Election Commission allegedly that Tibrewal was molested and beaten up along with other…

[myhughniverse]

Zack Tate - via social media - "Kylie wearing Asaitakeaway, Yves Saint Laurent, Tasaki Intl 💚💚💚 Styled by Me & Frank Strachan. styled by Raghav Tibrewal, Jessica Johnston, Tom Lawrence,  glam Caroline Barnes"

[tellywoodtrash]

What's your take on KT sa's attitude and explanation on the partnership with Preeti. I found him to be mature all of a sudden. As though Rudy suddenly started sprouting omkara's mature talk

I read this post by @fromthemindofpan and was struck by how true it was - how many layers this character has. The man has so many sides to him, the braggart movie star persona, the happy-go-lucky class clown who always wants to see the people special to him (like his family and Kusum) happy and entertained, the hidden somber center that really misses his wife/kids and cannot make peace with his separation from them. I believe what you mentioned is yet another side that Preeti brings out in him: a lighthearted, yet mature man, who is a good judge of people and knows how to deal with them appropriately. Preeti is a unique experience for KT, coz she isn’t affected by his starry airs and gently calls him out when she disagrees, but she cannot stand up to the others who take advantage of her softness. So he feels really protective of her and always empowers her to ensure she can stand up to protect her own dignity. Since he’s never really come across a person like this in his life, I feel like it’s a side of him that’s always been there, but rarely has the opportunity to express itself.