According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
A high-ranking US Navy official has been charged with accepting prostitutes, luxury travel and USD 100,000 in cash from a foreign defence contractor in exchange for classified and internal navy information.
A summary of sports events and persons who made news on Saturday
The British police have opened a second investigation into allegations of match-fixing after claims emerged that a player rigged a Championship game for cash.
The Central Bureau of Investigation told a Delhi court on Wednesday that the Indian Embassy at Berne has requested authorities there for provisional arrest of three officials of Switzerland-based Swiss Timing Limited, against whom summons were issued for their alleged roles in a 2010 CWG-related corruption case.
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FIRs have been registered against top officials of the aviation ministry, GVK Ltd and police department on a complaint that Mumbai International Airport Ltd (MIAL) received undue benefit to the tune of hundreds of crores of rupees from the government.
The vice chairman said they have asked agencies like the ED, IT to make an assessment of the list and prepare a report in this regard.
Suspended FIFA president Sepp Blatter and European soccer chief Michel Platini have lost their appeals against provisional 90-days bans by the global soccer body's ethics committee, FIFA said on Wednesday.
'EVMs are absolutely credible, they are robust.' 'It's only a calculator with certain instructions. And the sim card inside an EVM is burnt and cannot be reprogrammed.' 'Besides, the machines are circulated among various states. No machine is allowed to remain in one state after an election.' 'By far, it is one of the finest innovations India should be proud of.'
A day after the National Investigation Agency filed a chargesheet against Jaish-e-Mohammed chief Masood Azhar in the Pathankot attack, India took on Pakistan at the United Nations and called on the hostile neighbour to leave behind its ways of terrorism, with the warning saying that, "what you sow will bear fruit".
N Srinivasan refuses to confirm whether he is back in office as president of the Board of Control for Cricket in India.
The police said that they needed the custody of the dreaded terrorist to know about the role of "insiders and outsiders" who assisted him and five others in fleeing from Nabha jail in Patiala.
The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued circulars to all banks.
'Deep pockets have become a prerequisite for contesting elections on a major party symbol in most states.' 'Given the premium parties place on self-financing candidates, once you have accounted for the suspected criminals, dynasts, industrialists, and celebrities, there is not much room for anyone else.'
A diplomatic passport does not necessarily give one diplomatic immunity, pointed out New York-based attorney Anand Ahuja, while commenting on the arrest -- and subsequent release -- of Devyani Khobragade, India's deputy consul general in New York on Thursday.
All the 10 accused in the case, including prime accused Satyam Computers founder and former chairman B Ramalinga Raju and his brother and Satyam's former MD B Rama Raju, appeared in the court, as per its direction.
KPH Dream Cricket Pvt Ltd, the owners and promoter of the IPL franchise Kings XI Punjab, has filed a criminal complaint against its title sponsor, NVD Solar Ltd and its officials, for "cheating and duping" them of around Rs 14 crore which they were supposed to pay it as per the contract.
Summary of sports events and persons who made news on Wednesday
'What is the ISI doing and why can't they understand for their own interest that bringing stability to the region will help all the countries become prosperous, whereas a continuation of incitement will only lead to misery for all.'
Stung by International Olympic Committee's directive to bar charge-sheeted persons from contesting elections, the Indian Olympic Association on Friday wrote to its parent body, saying that it cannot implement the provisions as it has to follow the law of the land.
Award-winning lawyer, Claire Montgomery, the Queen's Counsel, is likely to fight the Indian government's attempt to extradite him to India.
'Human rights violations are there in rural areas and in cities. In rural areas it is crude and in the open. In urban areas it is well hidden.' 'Awareness has grown several fold. India has 160 national and state human rights institutions. No other country in the world has this.' 'Unfortunately the right to association, right to assembly, freedom of expression, right to protest and discuss are all being curtailed systematically one by one.'
Three senior athletics officials have had their provisional suspension from the sport extended by the IAAF's Ethics Board as it continues its investigation into their alleged involvement in a suspected cover-up of Russian doping cases.
Saeed's release has virtually 'boosted up the morale' of the six suspects facing the trial in Pakistan for the last eight years, believe Saeed's supporters.
Two juveniles arrested in connection with the Shakti Mill gang rape cases of a photojournalist and a telephone operator were on Tuesday convicted by the Juvenile Justice Board and sent to a Nashik school for three years to learn "good behaviour".
The extraordinary admission on Tuesday came the same day as Trump's former campaign chairman, Paul Manafort, was convicted of five counts of tax fraud, two counts of bank fraud and one count of failure to disclose a foreign bank account. The jury was unable to reach a verdict on the remaining 10 counts, and the judge declared a mistrial on those charges.
The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi.
Two more members of the banned Ansarullah Bangla Team militant group have been arrested in connection with the hacking to death of a fourth secular blogger in Dhaka last week that sparked global outrage.
Beware, it's not just criminals who want your data!
Even if the extradition bill has been suspended, Beijing will eventually impose its system on Hong Kong, observes Nitin Pai.
BCCI is one of the richest sporting bodies in world sports with a license to rule world cricket but it was Jagmohan Dalmiya who will be credited with it.
Rediff.com lists those sportsmen who have been accused of 'sleeping with the enemy'
The family of the first accused arrested in the gang rape of a young photojournalist in Mumbai said he is minor, a claim, if found true, could see him escape a stringent prison sentence and spend just three years at a correctional facility.
It would be a huge achievement if the new administration manages a successful transition to some sense of domestic and international normalcy in these frantic times marked by the pandemic and rise of illiberal regimes across the world, observes Shreekant Sambrani.
Banned UEFA president Michel Platini could face further investigation from FIFA's Ethics Committee after attending an awards ceremony and conference in Dubai despite being barred from "all football activity".
Two Italian marines accused of killing two Indian fishermen off Kerala coast in 2012 will not be prosecuted under the stringent anti-piracy SUA law that attracts death penalty as maximum punishment, the Centre on Monday told the Supreme Court.
Pune police on Tuesday raided homes of prominent Left-wing activists in several states and arrested at least five of them -- poet Varavara Rao in Hyderabad, activists Vernon Gonzalves and Arun Ferreira in Mumbai, trade unionist and lawyer Sudha Bhardwaj in Faridabad and Chhattisgarh and civil liberties activist Gautam Navalakha in Delhi.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Bombay High Court view opposed to this was wrong.
A parliamentary committee on Wednesday rejected the government's proposal to try as adults juveniles between 16 and 18 years involved in heinous cases such as rape, saying the move is "in conflict with law" and should be "reviewed".
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