News for 'financial crime'

From Google to Visa, all phone a friend in US over RBI diktat

From Google to Visa, all phone a friend in US over RBI diktat

Rediff.com21 Jul 2018

Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.

Court rejects Mamta Kulkarni's plea to de-freeze bank accounts

Court rejects Mamta Kulkarni's plea to de-freeze bank accounts

Rediff.com3 Aug 2021

On April 14, 2016, the crime branch of the Thane police had seized over 20 tonnes of ephedrine and 2.5 tonnes of acetic anhydride drugs from a pharmaceutical factory - Avon Life Sciences - in Solapur and other locations in Thane and Ahmedabad.

Lanka captain Angelo Mathews defends players after coach gets fixing ban

Lanka captain Angelo Mathews defends players after coach gets fixing ban

Rediff.com19 Jan 2016

Sri Lanka captain Angelo Mathews defended the team's cricketers on Tuesday after recording a statement before police in connection with a match-fixing scandal that has led to the suspension of a bowling coach. Sri Lanka Cricket (SLC) handed Anusha Samaranayake a two-month ban on Monday over his relationship with net bowler Gayan Vishwajith, who allegedly approached national team players to under-perform during a test match against West Indies in October. "Sri Lanka Cricket has received several complaints regarding the close acquaintance of Anusha Samaranayake and the main suspect Gayan Vishwajith, who had approached several national players for the alleged illegal activities of match-fixing," the SLC said in a stateme

Mahatma Gandhi's great-grandaughter jailed for 7 years in a fraud case

Mahatma Gandhi's great-grandaughter jailed for 7 years in a fraud case

Rediff.com9 Jun 2021

Lata Ramgobin, who is the daughter of noted rights activists Ela Gandhi and late Mewa Ramgobind, was also refused leave to appeal both the conviction and the sentence by the Durban Specialised Commercial Crime Court.

We need Modi the Thanedar, not Chowkidar

We need Modi the Thanedar, not Chowkidar

Rediff.com8 Apr 2022

I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.

Sushant case: CBI begins probe, questions actor's cook

Sushant case: CBI begins probe, questions actor's cook

Rediff.com21 Aug 2020

A special investigation team of the CBI, consisting of officers, other personnel and also forensic experts, landed in Mumbai on Thursday evening to take over probe into the high-profile case which has received much media attention.

Mumbai Police arm issues fresh notices to 300 NSEL brokers

Mumbai Police arm issues fresh notices to 300 NSEL brokers

Rediff.com24 Jan 2019

Sebi's main contention against brokers is that the NSEL was offering paired contracts and they were forward contracts, which were "illegal".

'Cyber attacks meant to smear India's reputation'

'Cyber attacks meant to smear India's reputation'

Rediff.com9 Mar 2021

'The hackers' objectives were centred around smearing India's reputation, causing productivity loss, creating operational damage and seeking financial gains.'

UP scribe dies after being shot by goons; Oppn slams govt

UP scribe dies after being shot by goons; Oppn slams govt

Rediff.com23 Jul 2020

It is alleged that the attackers included a group of men against whom Joshi had filed a complaint on July 16 accusing them of harassing his niece after he had objected to their betting racket in the locality.

Arnab 'paid lakhs' to ex-BARC CEO to rig TRPs: Police

Arnab 'paid lakhs' to ex-BARC CEO to rig TRPs: Police

Rediff.com29 Dec 2020

'Dasgupta misused his official position and manipulated TRP of specific news channels broadcast by ARG Outlier Media Pvt Ltd such as Republic Bharat Hindi and Republic TV English,' the police alleged in its remand note.

9 WARNING Signs Your Teen Is Suicidal

9 WARNING Signs Your Teen Is Suicidal

Rediff.com2 Nov 2021

Quite often, you'd see teens not taking a bath for days or ignoring self-care prior to their self-harm attempts.

Questions arise about banks' role in FIFA bribery case

Questions arise about banks' role in FIFA bribery case

Rediff.com28 May 2015

A raft of banks could face tough questions in the sweeping US crackdown on alleged corruption in global soccer as prosecutors review how much they knew about millions of dollars in bribes flowing through the US banking system to accounts around the world.

Draft labour rules: No licence for contractors with criminal history

Draft labour rules: No licence for contractors with criminal history

Rediff.com30 Nov 2020

The norms, say industry experts, are not sufficient to weed out fly-by-night contractors.

'My time in jail scarred me forever'

'My time in jail scarred me forever'

Rediff.com7 Apr 2022

'Your faith in the system, and in the fact that you are a citizen of this country and have rights, starts eroding.'

Banks can sell Mallya's properties, shares worth Rs 5,646 cr

Banks can sell Mallya's properties, shares worth Rs 5,646 cr

Rediff.com3 Jun 2021

Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of Kingfisher Airlines. A consortium of 11 banks that gave Mallya loans, led by State Bank of India (SBI), had approached a special Prevention of Money Laundering Act (PMLA) court seeking restoration of his properties seized by the Enforcement Directorate. The special PMLA court in Mumbai on Tuesday allowed the restoration of properties worth Rs 5,646.54 crore to banks.

PLA Unrest: Why Xi Is Worried

PLA Unrest: Why Xi Is Worried

Rediff.com22 Sep 2021

Protests at this time when efforts are underway to strengthen the PLA and keep morale high would be worrying for the military leadership, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.

68% of winning candidates have criminal cases: ADR

68% of winning candidates have criminal cases: ADR

Rediff.com11 Nov 2020

The report prepared by ADR also stated that 81 per cent are crorepatis.

Life is tough for India's gig workers

Life is tough for India's gig workers

Rediff.com13 Feb 2022

The recent protests by employees of Urban Company and the case of a a Zomato delivery executive who died in a road accident point to the severely straitened condition of gig workers during the ongoing Covid-19 pandemic. Budget 2021 had promised several measures to help the cause of gig economy workers, but most of them are yet to see the light of day. Even after a year, the country's gig workers continue to be without any social security cover or a minimum wage guarantee. "In Budget 2021, finance minister Nirmala Sitharaman had announced that the government is looking toward including migrant and gig workers for social security benefits," says Srinivas Kotni, managing partner, Lexport, a consulting firm. Parliament had passed the Code on Wages in 2019 and Code on Industrial Relations, Social Security and Occupational Safety, Health and Working Conditions in 2020.

2 arrested in connection with blast outside Hafiz Saeed's house

2 arrested in connection with blast outside Hafiz Saeed's house

Rediff.com24 Jun 2021

Pakistani security agencies on Thursday arrested two suspects involved in the car bomb blast outside the house of the 2008 Mumbai terror attack mastermind and chief of the banned Jamat-ud-Dawah (JuD) Hafiz Saeed, an official said.

Pak admits Dawood Ibrahim living in Karachi

Pak admits Dawood Ibrahim living in Karachi

Rediff.com23 Aug 2020

Dawood Ibrahim is wanted in India to face the law of the land for carrying out serial blasts in Mumbai in 1993 in which scores of people were killed and injured.

HC says live-in relationships 'morally, socially unacceptable'

HC says live-in relationships 'morally, socially unacceptable'

Rediff.com18 May 2021

The Punjab and Haryana high court has said a live-in relationship is morally and socially unacceptable while dismissing a petition filed by a runaway couple seeking protection.

CBI warns against fake COVID-19 test kits in world market

CBI warns against fake COVID-19 test kits in world market

Rediff.com5 May 2020

The CBI, which is the National Central Bureau for India tasked with coordination with the International Criminal Police Organisation (Interpol), immediately swung into action and alerted all Interpol Liaison Officers (ILOs) to alert their respective police organisations about such unscrupulous supplies, they said.

Prime accused in Murshidabad triple murder case arrested

Prime accused in Murshidabad triple murder case arrested

Rediff.com15 Oct 2019

The incident had acquired political overtones with the Bharatiya Janata Party and West Bengal governor Jagdeep Dhankhar hitting out at the Mamata Banerjee government over the killings, and the RSS claiming the teacher was its supporter.

ISIS terror funding: India meets global eco powers in Paris

ISIS terror funding: India meets global eco powers in Paris

Rediff.com13 Dec 2015

India along with major world economies is participating in the first-ever global meeting being held here to discuss and evolve mechanisms to combat the clandestine and largely undetected terrorist financing network of the Islamic State terror group.

YES Bank fraud case: Cox & Kings top brass under ED lens

YES Bank fraud case: Cox & Kings top brass under ED lens

Rediff.com9 Jun 2020

The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.

Why did Kerala governor fast against dowry?

Why did Kerala governor fast against dowry?

Rediff.com15 Jul 2021

'What we see today is bargaining.' 'The man's family sets a price for him and then they start bargaining.' 'He is sold to the family that offers the highest price.' 'In this market, a woman is just a commodity to be sold because if she remained at home, it is a humiliation for the family.'

US vs Huawei: What is the controversy all about?

US vs Huawei: What is the controversy all about?

Rediff.com29 Jan 2019

One indictment accuses Huawei of trying to steal trade secrets from T-Mobile, and of promising bonuses to employees who collected confidential information on competitors. A second indictment claims the company worked to skirt US sanctions on Iran.

Shell firms, paintings of Rana Kapoor under ED scanner

Shell firms, paintings of Rana Kapoor under ED scanner

Rediff.com8 Mar 2020

The central probe agency that began action against the banker by raiding his upscale residence in south Mumbai on Friday is primarily investigating Kapoor, his wife and three daughters over a Rs 600 crore fund received by a firm allegedly "controlled" by them from an entity linked to the scam-hit Dewan Housing Finance Limited.

'Not too many surprises, not too many gimmicks, and welcome consistency'

'Not too many surprises, not too many gimmicks, and welcome consistency'

Rediff.com2 Feb 2022

'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'

Why CBI does a good job when there is no political overtone, asks CJI

Why CBI does a good job when there is no political overtone, asks CJI

Rediff.com14 Aug 2019

"Why is it that whenever there are no political overtones to a case, the CBI does a good job?" he said.

10 HOT careers for IT grads

10 HOT careers for IT grads

Rediff.com15 Apr 2021

Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.

What Cairn, Vodafone, Devas reveal about the Indian State

What Cairn, Vodafone, Devas reveal about the Indian State

Rediff.com23 Jul 2021

The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, observes T N Ninan.

Survey's take on economic challenges

Survey's take on economic challenges

Rediff.com27 Feb 2016

Resolving the TBS challenge comprehensively would require 4 Rs: Recognition, recapitalisation, resolution and reform.

Capitalism is 'under serious threat', says Raghuram Rajan

Capitalism is 'under serious threat', says Raghuram Rajan

Rediff.com12 Mar 2019

Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.

Coerced to make self-incriminating confessions: Rhea

Coerced to make self-incriminating confessions: Rhea

Rediff.com10 Sep 2020

In the plea filed in a sessions court on Wednesday, Rhea also claimed that she has not committed any crime whatsoever and has been falsely implicated in the case.

Vadodara student stabbing: Teen killed junior to take revenge on school

Vadodara student stabbing: Teen killed junior to take revenge on school

Rediff.com24 Jun 2018

A police official said the accused revealed during questioning that he committed the crime because he wanted to "defame" the school after being scolded by teachers three days before the incident for passing off someone else's homework as his own.

News of Singh bros siphoning money sparks SFIO probe on Fortis, Religare

News of Singh bros siphoning money sparks SFIO probe on Fortis, Religare

Rediff.com19 Feb 2018

Fortis Healthcare has also come under the lens of Sebi, which launched an investigation into alleged regulatory lapses

Assam Phase-1: 16% candidates face criminal cases

Assam Phase-1: 16% candidates face criminal cases

Rediff.com17 Mar 2021

Sixteen per cent of the candidates contesting in the first phase of Assam assembly elections have declared criminal cases against themselves, according to a report by poll rights group Association for Democratic Reforms (ADR).

China's parliament approves controversial Hong Kong security bill

China's parliament approves controversial Hong Kong security bill

Rediff.com28 May 2020

The new law permits for the first time Chinese security agencies to open their establishments and operate in Hong Kong.

Templeton's investment in Rana Kapoor's YES Capital under ED lens

Templeton's investment in Rana Kapoor's YES Capital under ED lens

Rediff.com3 Jun 2020

Schemes among the six wound up by the fund house had given a loan of Rs 518 crore against non-convertible debentures to the firm in March 2019, according to ED's chargesheet.