Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
CBI sources said that Kumar has been charged with abusing his official position to award contracts to M/s Endeavour Systems Pvt Ltd and securing government tenders worth Rs 9.5 crore between 2007 and 2014 for the company.
The United States has asked Switzerland to extradite seven FIFA officials arrested in an investigation into a global bribery scandal at soccer's governing body, the Swiss Federal Office of Justice (FOJ) said on Thursday.
A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer's global governing body FIFA.
CONCACAF, the corruption-plagued soccer organisation for North and Central America and the Caribbean, could face dramatic consequences, including being disbanded, if it fails to reform, the organisation's lawyers have told its members.
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.
Sharma had kicked up a controversy last week by alleging that he had been asked to pay a bribe of Rs 5 lakh by an official of Brihanmumbai Municipal Corporation which, in turn, claimed that the actor had flouted norms not only in his Versova office building but also at his apartment in suburban Goregaon.
Scrapping the protection given to senior bureaucrats in corruption cases, the Supreme Court on Tuesday ruled that the Central Bureau of Investigation can probe and prosecute them without Centre's sanction, saying that corrupt public servants, whether high or low, are birds of the same feather and must be treated equally.
Contrary to the popular belief that the IAS cadres manage the country - they are actually required to manage politicians, most of whom do not pass any sort of muster, says T C A Srinivasa-Raghavan.
Kerala Congress-M says nobody has asked Mani to resign as UDF leaders meet to discuss the issue.
'I told him when I started my political career seven decades ago he was not even born. His political activities, the protests he organises and the way he fights the biggest corporate of India, the Ambanis, give hope to all people who are progressive. My desire is that such a party must grow, and I wished him all success for its growth.' V S Achuthanandan, the senior-most Communist in India, tells Rediff.com's Shobha Warrier why he turned down Arvind Kejriwal's invitation to join the Aam Aadmi Party.
The IAAF ruling body of athletics is proactive in tackling doping and not protective of drug cheats, according to president Sebastian Coe.
Amid massive protests by the opposition in the Kerala assembly state Finance Minister K M Mani, facing corruption charges in the bar licence issue, presented the budget on Friday morning.
The AAP government in Delhi and the LG have been involved in a public spat over his powers vis a vis an elected government.
With the Communist Party of India-Marxist-led Left Democratic Front Opposition continuing its stir against Finance Minister K M Mani, facing bribery charges in bar scam, the Kerala assembly on Monday adjourned sine die on a stormy note after passing the finance and appropriation bills without a discussion.
The Swiss lawyer heading up a committee charged with reforming the structure and management of world soccer body FIFA says major changes to the organization's voting structure and imposing term limits on executive committee members will be difficult to achieve in the short term.
Aam Aadmi Party on Saturday challenged Congress and the Bharatiya Janata Party to disclose the names of the people from whom they have got more than 80 per cent of their funds being spent in the Lok Sabha election campaign.
Meet the US Attorney who took on Donald Trump.
The general secretary of the world players' union FIFPro has blasted FIFA.
Slush fund allegedly used to buy votes for the World Cup, claims report
'It was not an agreement, this was his proposal and of course it (then) went to the vote at the (FIFA) executive committee'
World football body FIFA put Jerome Valcke, its second-ranking official, on leave on Thursday just hours after an ex-footballer raised allegations he was involved in a plan to resell 2014 World Cup tickets for a lucrative profit.
Aam Aadmi Party Chief Arvind Kejriwal has kicked up a controversy by asking voters in Delhi to take "bribes" from the Bharatiya Janata Party and the Congress but to vote for his party in the upcoming Delhi assembly election.
"If there are people who don't like the organisation or don't like me, they will realise they have been wrong... they will realise that."
A British judge found on Thursday that Bernie Ecclestone had paid bribes to a German banker as part of a "corrupt agreement" linked to the 2005 sale of a stake in Formula One - an issue at the heart of Ecclestone's forthcoming bribery trial in Germany.
Bernie Ecclestone risks losing his decades-old grip on Formula One motor racing this year, when legal action stemming from the sale of a stake in the sport eight years ago reaches a climax.
Yeddyurappa would take the oath alone as the chief minister and once the majority is proved on the floor of the assembly, cabinet members would be inducted.
'Although the Election Commission remains convinced about the EVM's integrity, as a fair umpire of the game it was necessary to travel the last mile to convince political players that the entire process was not only fair but transparently so.' A fascinating excerpt from former Chief Election Commissioner Navin Chawla's new book, Excerpted from Every Vote Counts: The Story Of India's Elections.
The BJP had not filed till May the expenses statement for the Karnataka Assembly elections held last year in July.
Volkswagen mess costs Germany its strongest nation brand position.
Minerva Punjab FC will take on Indian Super League side Jamshedpur FC on April 2 in the inaugural Super Cup football tournament which begins in Bhubaneswar on March 31.
'A fierce crusader against communalism, George joined hands with majoritarian forces, never to revisit or re-assess his saffron association.' 'He was a Union minister in 1998-2004, a time when people like Graham Staines were lynched in Orissa.' 'On the Gujarat pogrom of 2002, George went on to kind of justify the slashing of pregnant women, by saying in the Lok Sabha that this was nothing new for India.' 'Thus, he was in sharp contrast to what he had himself stood for in the heyday of his political career in the 1970s and 1980s, says Mohammad Sajjad.
The government could carry out the demonetisation exercise over periodic intervals along with its surprise element, says Soumya Kanti Ghosh.
Ex-South American soccer chief in FIFA scandal under house arrest.
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
A Swiss national who has run soccer's powerful governing body for the past 17 years, 79-year-old FIFA boss Sepp Blatter has now for the first time become the focus of a criminal investigation.
Amazon's investors are counting on its international business and expansion to help drive growth and support its $165 billion market value, one of the highest among US firms.
'There is a Jack Warner or two in every Caribbean parliament today.'
Delhi Chief Minister Arvind Kejriwal and his Bihar counterpart Nitish Kumr on Thursday jointly attacked the Centre calling it "anti-poor and anti-farmer" and asserted that the people will give it a "befitting reply".
