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.
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.
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.
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.
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 delegation comprised DMK leaders R S Bharathi, T K S Elangovan and Tiruchi N Siva.
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.
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.
K M Mani was appointed the chairman of the panel in March this year.
The probe agency sought nine days further remand of Michel for his custodial interrogation saying he was not cooperating in the investigation of the case.
The Rs 11,400 crore PNB fraud saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank.
Polling in Rajarajeswari Nagar constituency has been deferred to May 28.
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.
An expert committee has recommended to Defence Minister Manohar Parrikar that supply of equipment need not be blocked even if bribery charges emerge.
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.
Sepp Blatter faces months of troubles before departure.
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.
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.
Both Mahinda Rajapaksa and Modi have learnt from their past mistakes. Modi has understood that Rajapaksa is a 'forever politician' that India has to live with, observes Ambassador M K Bhadrakumar.
'The downslide has been rapid leading up to the number one and number two of the organisation flinging against each other horrendous accusations of bribery and tampering with investigations for personal gain, and the latest petition to the Supreme Court by the joint director of the CBI, M K Sinha, opening a veritable Pandora's Box of repulsive skeletons,' notes B S Raghavan, the distinguished civil servant who witnessed the CBI's birth.
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.
Canada took a deep breath on Thursday and prepared for their moment in the Women's World Cup spotlight.
Brazilian police began investigating allegations of corruption in its soccer industry on Thursday, prompted by the arrests of top officials at world soccer body FIFA in a US bribery probe.
