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.
The body of 26-year-old Anup Kumar Agarwal was recovered from railway tracks between Byappanahalli and Krishnarajapuram stations on December 23, a few days after the company discovered the fraud and his alleged role in it.
In the same case, her son Tarique Rahman and four others have been sentenced to 10 years in jail.
An Indian-origin Thai banker will have to return to Thailand to face charges of embezzling USD 88 million (Rs 4,130 million) after the Supreme Court of Canada on Thursday refused to hear his appeal against an earlier extradition order.
An employee of the Prime Minister's Office has been arrested in connection with a case of alleged embezzlement.
A Chinese high court on Friday rejected the appeal of disgraced Communist Party leader Bo Xilai and upheld his life sentence for bribery, embezzlement and abuse of power in the country's biggest political scandal.
Budhia's mother accused the boy's former trainer of embezzling a huge amount collected for her son's welfare.
A former official of the state-run Agricultural Bank of China has been executed for taking bribes and embezzling US$ 1.97 million.
The Congress party's real estate bank has been receiving complaints from state units, and Priyanka Gandhi's first formal responsibility maybe to address these woes.
If emerging reports are to be believed, Russia's outgoing President Vladimir Putin is the richest man in Europe. And that, too, by alleged embezzlement.
The complainant has further alleged that a large amount of money was lying deposited in illegal accounts maintained by accused persons in violation of the AIIMS Act.
The bench observed that citizens should raise their voice against the menace of corruption and refuse to pay taxes by launching a non-cooperation movement.
Ousted Egyptian President Hosni Mubarak was on Saturday acquitted by a court which found him not guilty in the killing of hundreds of protesters during the 2011 revolution that toppled his nearly three decades-long rule, overturning an earlier ruling.
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
Mann, who is often criticised by political opponents for "excessive drinking," hopes to shun liquor for the rest of his life.
The Monopolies and Restrictive Trade Practices Commission has slammed auto giant Tata Motors for over booking and 'embezzling' government money by retaining taxes at the time of mega-launch of its first car Indica in 1999.
The application is likely to be hear by Designated Vigilance Judge J M Prasad on Saturday.
The Bihar government, realising that it does not have the jurisdiction to probe the case, is now adopting this 'illegal method' of recommending the case to be handed over to the CBI, says Rhea's lawyer.
Nitish Kumar had a week's time to prove his majority, but Laloo Yadav made full use of Siwan don Mohammad Shahabuddin. A revealing excerpt from Rajesh Singh's Baahubalis Of Indian Politics: From Bullet To Ballot.
A new bench of the Supreme Court will hear on Thursday the plea of social activist Teesta Setalvad.
The Mumbai Police on Wednesday arrested Ashok Advani, publisher of Business India and former director of the Mumbai-based Jai Hind Cooperative Bank, on charges of embezzling Rs 27 crore from a savings account held by a trust.
Sharad Pawar has left the door open for his nephew's return by not suspending him from the party for his rebellion.
Outgoing president Sepp Blatter hit back at Chung Mong-joon, one of the candidates to replace him, for labelling FIFA a 'corrupt organisation' on Monday and said the South Korean's remarks were 'disturbing'.
Kim Un-yong was suspended on Friday pending an investigation into a bribery and embezzlement scandal in South Korea.
Bihar received a message from Union home ministry seeking a report on the flood relief provided to lakhs of marooned people of north Bihar last year.
A complaint against Gujarat Minister of State for Cow Protection Prabhatsinh Chauhan and 28 others has been lodged alleging their involvement in the embezzlement of Rs 124 crore from the bank.
Government sources said the former chief minister may also be tried as when the proposed accountability commission is set up.
OPS also requested the EC to restarin Sisikala's pick Dindigul C Sreenivasan from functioning as the party treasurer
The court said that the existing regulations were not sufficient to regulate the NGOs across the country.
About 40 per cent of respondents felt fraud had gone up in India, while 67 per cent said the new Act would improve governance.
The MCD workers' protest entered its tenth day on Friday as they continued their agitation in Delhi's Bhajanpura area over non-payment of their salaries.
The Gujarat government, which sought a probe into the role of activist Teesta Setalvad's NGO, is now targeting her main funding source, the US-based NGO, Ford Foundation.
SC stepped into the row over the transfer Setalvad's anticipatory bail plea to a new bench.
No one was surprised when Rajendra Singh was found shot and killed in broad daylight, not far from the local police station, notes Geetanjali Krishna.
The government on Friday ordered a Central Bureau of Investigation into transfer of funds by United States-based Ford Foundation to Sabrang Communication and Publishing Pvt Limited, with which social activist Teesta Stelvad is associated, allegedly in violation of rules and froze a bank account of the firm.
Ousted Egyptian President Hosni Mubarak and his two sons were on Saturday sentenced to three years in prison.
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