Abu Dhabi Global Market's Financial Services Regulatory Authority has fined an investment company a total of $4.76m and also placed a prohibition order on it's sole director for making false claims to be authorised to undertake financial services. In a statement on 8 November, the FSRA imposed a financial penalty of $2.38m on Elia Investments Limited and its sole shareholder which included a disgorgement amount of $1.88m and a fine of $500,000. The Abu Dhabi regulator found that Elia carried on the regulated activity of providing credit on an unauthorised basis, made false claims, to ...
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Karnataka Deputy Chief Minister D K Shivakumar on Saturday rejected the claims of Congress MLAs from Tamil Nadu being shifted to a resort in Bengaluru post Assembly elections. He further said that ...