Former Honduran President Rafael Callejas pleaded guilty on Monday to U.S. charges that he participated in bribery schemes that are under investigation at soccer's world governing body FIFA.
From a technocrat turned fraudster Ramalinga Raju's confession to the snub-nosed Nano, 2009 offered some forgettable and many memorable moments in business.
BCCI's anti-corruption chief Ajit Singh said Ravinder Dandiwal, who hails from Mohali, also finds a mention in ACU's education manual.
The Congress seems to have learned nothing from its defeats. At a time when its supporters worry that the idea of India is under attack, the party is still preoccupied with its own battles, notes Vir Sanghvi.
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator
Bobby Deol, on a comeback trail of sorts, is far more surefooted as the devious godman, smoothly transforming from genuine to shady, than his deadpan cop in the recently released Class of '83, feels Sukanya Verma.
From June 1 to October 4, the call centre scam mastermind collected Rs 12 crore from just one call centre.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
The consent is akin to a blanket nod for the agency to probe scheduled offences specified in the Delhi Special Police Establishment Act (DPSE) Act, 1946.
'One police officer told me that trials take forever, conviction rates are low.' 'So one way to judge states' performance on handling crime is through the 'recovery rate' of their police.' 'The fastest way to get recovery is by torturing the accused.'
Hasty, ill-conceived steps show how isolated Mamata Banerjee had been from the national political trend. A fascinating excerpt from Sugato Hazra's Losing The Plot: Political Isolation Of West Bengal.
Nirmala Sitharaman said Nirav Modi may have been able to run away from the country, but the government is taking action against him, and claimed that it will "surely nab him".
Sisodia also lashed out media for carrying news against AAP leaders without "checking facts".
Chouhan's son Kartikey accused the Congress leader of intentionally making a false allegation about his name being in Panama Papers of alleged tax evaders.
The 1995 judgment in the Union of India vs Cricket Association of Bengal case emphasised that free speech is essential for a successful democracy and citizens must have a plurality of views and a range of opinions on all public issues, says M J Antony.
The review will help all the banks find if there is any loophole.
The Enforcement Directorate on Sunday conducted searches in various Uttar Pradesh cities after it registered a money laundering case to probe the alleged Rs 3,700 ponzi scam case perpetrated by seeking fake social media 'likes' from lakhs of gullible investors by a Noida based firm.
So far, nine people including Shinde have been arrested.
A country that can launch a 229-tonne rocket with seven international satellites into space does not need to import trucks, howitzers or helicopters, says Claude Arpi, who was present at the PSLV launch in Sriharikota on Monday.
They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate.
In the thick of allegations of the Rs 3,600 crore scam in the deal of 12 helicopters to India, Italian company Finmeccanica Tuesday said it is ready to cooperate with Indian authorities to clarify the matter.
In the thick of allegations of the Rs 3,600 crore scam in the deal of 12 helicopters to India, Italian company Finmeccanica on Monday said it is ready to cooperate with authorities here to clarify the matter.
ICAI starts proceedings against software firm's CFO and head of audit cell.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
'The CPI-M indulges in senseless talk. Be it the solar scam or the National Games scam, did the CPI-M prove anything?'
A 16-year-old Singaporean boy, a Protestant Christian of Indian ethnicity, was detained last month under the Internal Security Act (ISA) after planning to use a machete to attack Muslims at two mosques in March, on the anniversary of New Zealand's Christchurch attacks.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
Aseem Chhabra lists his favourite Indian films of 2021.
Malik said that some ministers have been talking about taking back PoK from Pakistan by force.
In four years, the state has had to battle cyclones, two floods, and two epidemiological disasters. If people bring Pinarayi Vijayan back to power, he must have done something right, obsevers Aditi Phadnis.
It's best to avoid deals that sound too good to be true.
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
External Affairs Minister Sushma Swaraj on Saturday left for New York where she is going to participate in the International Yoga Day event being organised by the Indian Mission at the United Nations.
'What we are actually missing in India is a platform wherein the government engages with cybersecurity experts, gets them employed and then utilises their capability to deter such attacks.'
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