GAO Opens Inquiry Into FHFA Chief Bill Pulte

Bill Pulte, the director of the Federal Housing Finance Agency, is the subject of an inquiry by the Government Accountability Office, an impartial and independent investigative watchdog for Congress. Leading Senate Democrats wrote to the agency in November, requesting that it “promptly review recent acts performed at the Federal Housing Finance Agency” by Pulte. actions … Read more

Bombay HC Dismisses Lilavati Trust’s Rs 17 Crore Claim

The Lilavati Kirtilal Mehta Medical Trust (LKMMT) filed a Rs. 17.2 crore recovery suit against former trustee Niket Mehta, but the Bombay High Court dismissed it, finding that the case was barred under the Maharashtra Public Trusts Act (MPT Act) due to the Charity Commissioner’s required consent. In a December 3 judgment, Justice Milind N. … Read more

SEBI Freezes Rs 546 Crore in Avadhut Sathe Case

Avadhut Sathe Trading Academy Pvt. Ltd. (ASTAPL), its founder Avadhut Dinkar Sathe, and director Gouri Avadhut Sathe are the targets of an ex-parte interim order-cum-show cause notice from SEBI. Academy Faces Regulatory Action The notice alleges that the academy engaged in unregistered investment advisory and research analyst activities under the guise of stock market education. … Read more