Veritas researcher arrested in India for coercion after rating genuine estate …

Indian military pronounced they arrested batch researcher Nitin Mangal on charges of coercion and forgery associated to a news he wrote for Veritas Investment Research Corp. of Canada in 2012.

Mangal, who no longer works for Veritas, is in military control after Indiabulls organisation purported that he demanded $50,000 to secrete an unflattering investigate report, Rani Devi, a arch of a Udyog Vihar military hire in Gurgaon nearby New Delhi, pronounced by phone Thursday. Amit Dube, Mangal’s lawyer, denied a charges and pronounced Indiabulls is badgering his customer for doing his job.

In a news published by Toronto-based Veritas on Aug. 1, 2012, Mangal and Neeraj Monga endorsed offered shares in all Indiabulls organisation companies, citing a miss of avowal and corporate governance. A week later, Indiabulls pronounced in a matter that it would press rapist charges opposite a authors for edition improper information.

“The solitary purpose of Indiabulls Real Estate is to dupe institutional and sell investors for a advantage of name insiders,” Monga and Mangal wrote. “The determining shareholders are using a classification as a piggybank, while proclaiming appropriateness and espousing credibility.”

Indiabulls pronounced on Aug. 8, 2012, that a Veritas news was “an conscious act for profiteering.”

Indiabulls Real Estate Ltd. rose 1.8% to 79.65 rupees as of 11:28 a.m. in Mumbai. Its shares have climbed 40% given a announcement of a Veritas report.

Mangal’s agreement with Veritas as a consultant finished progressing this year, Dube said.

Research Activity

“My customer is being tormented and done an instance only to destroy eccentric investigate activity in a country,” he said.

Mangal’s detain was initial reported by India’s Economic Times journal Thursday.

Indiabulls has also pulpy charges of extortion, intimidation, forgery and rapist swindling opposite Monga and Veritas, Dube said.

John Archibald, a counsel representing Veritas and Monga in Toronto, declined to criticism in an e-mail Thursday, citing a apart authorised movement by Veritas and Monga opposite Indiabulls in Ontario. Monga, who is formed in Toronto, no longer works during Veritas.

Veritas and Monga filed their explain opposite Indiabulls Real Estate and Indiabulls Housing Finance Ltd. on Aug. 5 this year in Ontario alleging libel, swindling and a detriment of mercantile mistreat and seeking $11 million in damages.


Indiabulls pronounced in an e-mailed matter Thursday that it had filed a counter-suit in New Delhi and that Veritas and Monga unsuccessful to seem before that justice notwithstanding carrying had notices to do so served on them. Indiabulls did not criticism on Mangal’s arrest.

In Sep 2011, Monga endorsed offered shares of Kingfisher Airlines Ltd. The carrier, founded by Vijay Mallya, stopped flights a following year after waste widened amid ascent debt. The Bombay and National batch exchanges on Nov. 8 pronounced trade in a batch will be dangling starting Dec. 1.

On Mar 1, 2012, Monga and Mangal endorsed offered shares of DLF Ltd., India’s biggest developer by marketplace value, job it a “crumbling edifice.” DLF has given declined 32%, information gathered by Bloomberg show. Sanjey Roy, orator during a New Delhi-based company, declined to comment.

In Jun 2012, they suggested investors to sell shares of Reliance Communications Ltd. The batch has gained 64 percent given a recommendation.

Indiabulls Group has a networth of 133.9 billion rupees ($2.2 billion) and is into financial services and genuine estate, according to the website.

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Real estate, jewellery, mining vital black income generators

New Delhi: Real estate, trinket and mining are among a categorical sectors that are generating black income in a country, Parliament was sensitive on Friday. Minister of State for Finance Jayant Sinha pronounced in a created respond to a query in a Lok Sabha that a Income Tax dialect has conducted searches on 273 entities between April-September in a stream fiscal The sum resources seized by a I-T dialect was Rs 283 crore and undisclosed income was to a balance of Rs 3,371 crore in a initial 6 months compartment September, he said. “Sectoral research in honour of seizures of valuables and acknowledgment of undisclosed income during searched conducted by … Continue reading

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Black income prevalent in realty deals, reveals prick op

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Priyanka Chopra to validate genuine estate group

New Delhi: Bollywood singer Priyanka Chopra was on Thursday roped in to validate Unnati Fortune Group, a genuine estate entity. The “Barfi!” singer will be seen in selling and promotional campaigns that would be rolled out shortly by a group. Expressing her excitement, a National Award winning singer pronounced in a statement: “Unnati Fortune Group is a code that stands for cutting-edge innovation, peculiarity and timely-delivery. It is a code that has redefined a genuine estate space in Delhi-NCR.  “Their designs and values are peerless and it is a good payoff for me to be compared with them.” Priyanka incited out to be a ideal fit for a organisation as … Continue reading

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Book signing for new Kansas outdoor cookbook is Friday

Our latest plan is prepared for a debut. It’s called “Michael Pearce’s Taste of a Kansas Outdoors Cookbook.” We’ll be carrying a book signing from 5-8 p.m. Friday in The Eagle’s parking lot as partial of a Haunted Food Truck event. More information below. MORE UPDATES The Kansas Department of Wildlife, Parks and Tourism documented a towering lion in Labette County. The animal was photographed by a route camera in late September. The print is positively transparent adequate to brand a animal. It’s a 10th towering lion documented in Kansas given 2007, yet a initial in a past dual years. Fall fishing has been flattering good for those who’ve been … Continue reading

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Indian investments in US genuine estate

Buyers from India purchased residential properties in a US estimated during $5.8 billion in value during a year duration finished Mar 2014, adult 6 per cent over 2013. On an average, Indians invested $459,028 (₹2.81 crore) to buy properties opposite US cities, according to a news of a US National Association of Realtors published in October. Anuj Puri, Chairman and Country Head of JLL India, pronounced in a statement: “Indian HNIs who have performed American citizenship and are staid there have several reasons for investing in properties in a US. Apart from India’s long-standing adore event with America and all things American, many Indians who have turn naturalised US adults … Continue reading

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News Corp buys interest in Indian genuine estate website

News Corp has paid US$30 million (A$35 million) for a 25% interest in a primogenitor association of an Indian genuine estate website. The squeeze expands News Corp’s substantial genuine estate investments. Their portfolio includes a 61.6% interest in REA Group, a user of, Move, that operates a US formed, and South East Asian iProperty. offers both genuine estate listings and advisory services. About 10,000 Indian properties in 12 cities have been sole by a site given it launched in 2011. It has employees in 8 cities. News Corp now owns a quarter-stake in Elara, a digital venture’s primogenitor company. News Corp arch executive Robert Thomson says … Continue reading

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GT Advanced, Apple in Deal for ‘Amicable’ Split-Up

GT Advanced Technologies has sealed a agreement with Apple Inc. for an “amicable interruption of a ways,” Luc Despins, profession for a broke retailer to a record giant, pronounced Tuesday in a U.S. Bankruptcy Court in New Hampshire. Mr. Despins pronounced GT Advanced and Apple have concluded to record a revised reason for GT Advanced’s warn failure filing as partial of a pact, and eventually erase from a open record a court…

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Heavy diggers join hunt for Sri Lanka mudslide victims

Rescue workers stepped adult their unfortunate hunt Thursday for survivors of a landslide in Sri Lanka that is feared to have buried alive 100 people on a tea plantation, deploying complicated diggers to scratch by a mud. After rescuers, including soldiers, spent many of Wednesday regulating their unclothed hands to try and locate victims of a disaster in a eastern Koslanda district, infantry sources pronounced 5 industrial excavators that are customarily used to puncture trenches were to join a hunt bid during initial light. Officials have already warned that a chances of anticipating survivors are slim with a comparison supervision apportion voicing fears that a genocide fee would strech 3 … Continue reading

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News Corp expands into Indian digital genuine estate

Enabling Cookies in Internet Explorer 7, 8, 9 + Open a Internet Browser Click Tools (or “gear” idol during tip right palm corner) Internet Options Privacy Advanced Check Override involuntary cookie handling For First-party Cookies and Third-party Cookies click Accept Click OK and OK

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