The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe
As per the chargesheet, "the accused forged board resolutions and unauthorisedly obtained loans to the tune of Rs 1,220 crore (Rs 12.20 billion) for Satyam Computer.
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
The Congress on Monday alleged that a Chinese national played a 'dubious role' in the Adani Group's activities and asked the government if it was not concerned that the conglomerate may be involving that person in important defence contracts.
The Central Bureau of Investaigation has asked the defence ministry to blacklist six firms, including four international ones, for their alleged involvement in the Ordnance Factory Board scam.
Govt tells PSBs to integrate banking systems, rotate staff as a policy
Most politicians and even non-politicians have been honoured because of what they were purported to be electorally worth for the ruling party of their time, argues N Sathiya Moorthy.
DiPiazza's visit coincides with Price Waterhouse suspending two of its partners -- S Goplakrishnan and Srinivas Talluri -- who worked on the accounts of scam-hit Satyam Computer Services and were arrested last week.
'There is no reason to anticipate a drastic change in Canada's attitude towards Indian students.'
Tainted Pakistan pacer Mohammad Amir will resume his international cricket career in New Zealand as immigration officials granted him a visa following a five-year ban and jail time for indulging in spot-fixing during the 2010 tour of England.
The CBI has begun probing if the country's internal security too stood compromised because of the the 2G spectrum allocation to ineligible telecom operators during former Telecom Minister A Raja's tenure. During the last hearing on February 22, the CBI had told the court that it was not aware of the threat posed by allocation of 2G spectrum to some telecom firms which subsequently offloaded their shares to global firms with links to Pakistan.
An industry of scamsters is operating in the guise of call centres in India.
The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.
The hearing on framing of charges against ten accused in Satyam Computers multi-crore accounting scam was deferred to August 31.
LIC is also working on a new model to scan loan applications.
AAP leader Vijay Nair, arrested in connection with alleged irregularities in the Delhi excise policy case, received Rs 100 crore in 'kickbacks' from the 'south group' controlled by some businessmen and politicians, the Enforcement Directorate (ED) has informed a local court.
The Bangalore-based firm also announced changes in certain key positions in the controllership team, but did not reveal the amount of money involved in the fraud.
Many films and shows go back in time to bring alive so many fading and forgotten memories.
But the government rejected their demand and instead promised to hold an internal inquiry.
He is the first high-profile person who has deposed before the ED in this case.
More than 60 individuals and entities, an overwhelming number of them Indians, were on Thursday charged by the Justice Department for allegedly participating in a multi-million dollar scam involving call centres based in India which conned thousands of American citizens.
PMO's stance came as part of a reply to the whistle-blower forest officer, Sanjiv Chaturvedi, after he dragged the PMO to the Central Information Commission for denying information under the RTI Act.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
In a three-page complaint submitted to the Additional Chief Judicial Magistrate in Kochi, second accused Saritha Nair put the blame for the fraudulent dealings on the first accused Biju Radhakrishnan and actress Shalu Menon while stating that associating her name with politicians and ministers was incorrect.
'...you start running after the star.' 'If the star says yes to the film, the ecosystem supports it.' 'The biggest cog in the wheel of the ecosystem is the audience and we forget that.'
A drunken conversation tipped off Thane Crime Branch detectives to the unprecedented scam targeting unsuspecting Americans from call centres in Thane.
Like all of us, Bollywood's favourite pastime is to catch up on the latest shows and films on OTT.
The Enforcement Directorate, in its report on 2G spectrum allocation scam submitted to the Supreme Court on Wednesday, is understood to have said that the case has international ramifications as the money trail covers ten countries, including Mauritius.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
Central Bureau of Investigation on Wednesday registered a record number of 46 cases in a day in connection with its probe in the Rs 10,000-crore Saradha chit fund scam naming Trinamool Congress' sitting Rajya Sabha MP Kunal Ghosh as one of the accused.
His business successes which started with the international distribution rights for the Bollywood blockbuster movie 'Sangam' in 1964 made him one of the richest in Britain but it was the Bofors scam that made Srichand Parmanand Hinduja famous, or rather infamous, back home. SP Hinduja, as he was known, died in London on Wednesday after a prolonged illness. He was 87, a family spokesperson said. Born in a business family in Karachi, British India, he and his two younger brothers were accused of receiving payments totalling Rs 64 crore in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract.
Doctors at the medical establishment, after a check-up, said he was suffering from chronic diseases but does not need immediate hospitalisation.
The statue, given to the city as a gift from Pune -- San Jose's sister city in India, in 1999, was reported stolen on January 31 from Guadalupe River Park, sawed off at the hooves, The Mercury News newspaper reported.
Subhash Shankar Parab, a key accused in the Rs 7,000 crore diamantaire Nirav Modi bank fraud case, was "deported" from Cairo on Tuesday after a long diplomatic and legal process, officials said in New Delhi. A CBI team had gone to Egypt's capital to bring back 50-year-old Parab, who was allegedly kept in illegal confinement in a Cairo suburb by Modi, the fugitive diamantaire, they said. The CBI had been chasing Parab, deputy general manager (finance) in Modi's Firestar Diamond and understood to be a key witness to the Letters of Undertaking (LoU) submitted to the Punjab National Bank (PNB) to siphon off over Rs 7,000 crore, they said.
The Whistleblower is definitely worth watching, recommends Namrata Thakker.
The Investors' Grievances Forum on Wednesday charged the Reserve Bank of India with continued cover-up operation in the IPO scam instead of nailing down the scamsters.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
The veteran politician accused the BJP of breaking duly elected governments in opposition-ruled states even as it boasted about providing a stable government at the Centre.
Under the FFS, concession is given to employees of the airline in which they can take their family to a domestic destination once a year at subsidised cost.
The Congress-led opposition stepped up its attack on Friday against the government over the Adani row and demanded that there should be a thorough investigation into what they alleged was a 'mega scam' as it involved public money.
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