Virginia-resident Bansal and his company AITC had pleaded guilty on April 27, 2010 to bribing public officials.
A Brazilian Senate committee investigating corruption in soccer will send three of its members to Switzerland and Miami to interview key players charged in a massive bribery scandal.
Corrupt practices are robbing the developing nations as much as $40 billion annually, even a fraction of which can fund treatment of over 6 lakh AIDS-affected people, according to the World Bank.
England's hopes of hosting the 2018 World Cup were rocked on Sunday when bid chief David Triesman stood down following a newspaper report in which he appeared to make bribery allegations against rival bidders.
Corruption has become as way of life across the world, costing global economies billions of dollars every year.
LIC Chairman T S Vijayan on Friday said that V K Sharma will take over as the CEO of its housing finance arm, early next week. Sharma has been chosen to replace LIC Housing Finance CEO Ramachandran Nair, who was arrested by the CBI on charges of involvement in housing-loan bribery case on Wednesday.
Venezuelan soccer official Rafael Esquivel has agreed to be extradited from Switzerland to face charges in the United States in an ongoing investigation into alleged corruption in the sport, the Swiss government said on Friday.
Sepp Blatter was re-elected president of FIFA for a fifth term on Friday after the only other candidate conceded defeat after a first round of voting in an election overshadowed by allegations of corruption in world soccer.Sepp Blatter was re-elected president of FIFA for a fifth term on Friday after the only other candidate conceded defeat after a first round of voting in an election overshadowed by allegations of corruption in world soccer. Blatter's victory came despite demands that he quit in the face of a major bribery scandal being investigated by U.S., Swiss and other law enforcement agencies that plunged the world soccer body into the worst crisis in its 111-year history. Neither Blatter nor Jordanian challenger Prince Ali bin Al Hussein got the necessary two thirds of the vote in the first round, with Blatter on 133 and Prince Ali on 73. Prince Ali later conceded. In a victory speech, Blatter declared: "Let's go FIFA, let's go FIFA," to a standing ovation. Speaking just before the vote, Blatter, who joined FIFA in 1975, said he felt that he had only been with the organisation for a short time and wanted to stay longer. "What is time anyway. I find that the time I have spent at FIFA is very short," he said. "The more one ages the more time flies by quickly. I am with you, and I would like to stay with you," he said to applause.
World Cup sponsors are in an awkward position, experts said, because they are under pressure from consumers to distance themselves from any corruption, but such sponsorships are lucrative in the long term.
In the wake of the 2G acquittals, here are a few high-profile cases in which question marks were raised by various courts over the CBI's probe.
Huang, also known as Wong Kwong-yu, was convicted by the Beijing No 2 Intermediate People's Court with also ordered confiscation worth 200 million yuan of his assets.
The Journalists Newspaper reported that the Greek champions' place in Europe's elite competition would be at risk if corruption claims against club president Marinakis were proven.
The government will initiate fresh action against Walmart if an ongoing 'foreign corrupt practices' probe by US authorities reveals any violation in India by the global retail giant.
Major football sponsors on Friday issued coordinated calls for the immediate resignation of FIFA president Sepp Blatter in the most significant move by companies supporting the sport since a bribery and corruption scandal erupted at world football's governing body last May.
Sticking to his decision of not resigning following the arrest of his son by Central Bureau of Investigation in a bribery case, National Commission for Scheduled Castes chairman Buta Singh said on Sunday that he has "briefed" Prime Minister Manmohan Singh and that he will cooperate with the probe agency if "proper procedures" were followed.
Union Home minister P Chidambaran on Saturday denied having received any report from the Central Bureau of Investigation on the latest developments in former home minister Buta Singh's son Sarabjot Singh's alleged bribery case.
The delegation comprised DMK leaders R S Bharathi, T K S Elangovan and Tiruchi N Siva.
At least 30 per cent of 2,742 business executives surveyed across the world regard Indians among the most corrupt when doing business abroad to 'speed things up', according to a report by an NGO Transparency International India.
After putting up resistance for a long time, Chairman for the National Commission for Scheduled Castes Buta Singh finally recorded his statement before the Central Bureau of Investigation in connection with a bribery case involving his son on Thursday.
The Delhi High Court today sought response from the Central Bureau of Investigation on a petition filed by National Commission for Scheduled Castes Chairman Buta Singh accusing the probe agency of illegally summoning him for interrogation in an alleged bribery case involving his son.
K M Mani was appointed the chairman of the panel in March this year.
Chairman of National Commission for Scheduled Castes and Scheduled Tribes Buta Singh, whose son has been arrested by the Central Bureau of Investigation in a bribery case, on Friday said "political forces" were out to damage him and his family and ruled out his resignation.
An expert committee has recommended to Defence Minister Manohar Parrikar that supply of equipment need not be blocked even if bribery charges emerge.
Sepp Blatter faces months of troubles before departure.
US indicts Rajya Sabha MP K V P Ramachandra Rao, a close associate of Y S Rajasekhara Reddy and his son Jaganmohan Reddy, in bribery and corruption case.
B L Agrawal, a principal secretary in the Chhattisgarh government, was arrested for allegedly bribing people to help him wriggle out of corruption cases pending against him, while J P Singh, a former joint director of in Enforcement Directorate, was held for accepting illegal gratification to favour the accused in the Indian Premiere League betting scam.
