'The Railways decided to go for kavach three years back, but the progress has been very slow.'
Sources said Sankaran has been arrested on the grounds of abusing his powers in IL&FS Financial Services Ltd through fraudulent conduct and in granting loans to entities that were not credit-worthy or were declared as non-performing accounts.
The Enforcement Directorate on Saturday questioned Kalaignar TV MD Sharad Kumar in connection with its probe into his role in the alleged financial irregularities in the 2G spectrum allocation case.
The Comptroller and Auditor General's reports on the scams under the watch of the UPA government at the Centre are being celebrated by the BJP, but when the auditor indicts the government of its blue-eyed boy in Gujarat, the party is strangely silent. K Shah reports from Gandhinagar
The Delhi high court on Friday sought response from the TV Today group and 13 others on a civil defamation suit filed by Law Minister Salman Khurshid's wife Louise Khurshid against the media house for airing a programme alleging financial irregularities in a trust run by the couple.
The India Today group, which is under attack from Law minister Salman Khurshid, today said it stands by the veracity of the report carried by its TV network alleging financial irregularities in a trust run by the Khurshid couple and will defend itself."TVTN (TV Today Network) stands by the veracity of the broadcast of news pertaining to sting carried by the Channel exposing the swindling of funds by Dr Zakir Hussain Memorial Trust," said a statement from the group
Irked by delay in response to queries raised by it, the Central Vigilance Commissioner (CVC) may summon officials of Union and State governments in connection with alleged financial irregularities in different Commonwealth Games related projects.
Widening its probe, the Central Vigilance Commission (CVC) is looking into at least 22 more Commonwealth Games-related construction and procurement works carried out by different government agencies here for alleged financial irregularities.
Former Board of Control for Cricket in president Narayanswami Srinivasan suffered another jolt on Tuesday as one of his closest confidantes, Sanjay Patel, was stripped of his primary membership by the Baroda Cricket Association on allegations of financial irregularities.
The inaugural Sri Lanka Premier League will go ahead next month without the Indian cricketers after talks failed with the Indian board (BCCI), Sri Lankan sports minister Mahindananda Aluthgamage told Reuters on Friday.
Rajasthan Chief Minister Ashok Gehlot on Wednesday said the accused in the Kanhaiya Lal killing case in Udaipur were 'linked' to the Bharatiya Janata Party and should have been 'hanged by now' but the investigation by the National Investigation Agency was not progressing as it should.
'Organising Committee Commonwealth Games 2010 Delhi would like to state that we have followed due diligence in making all payments, getting the clearances from the Executive Board and from Reserve Bank of India for incurring the expenditure in foreign currency. All remittances happened against this clearance,' OC spokesperson Lalit Bhanot said in a statement.
On Tuesday, the former minister also claimed that he wanted to table the diary in the assembly.
A high level committee, which went into alleged financial irregularities in Commonwealth Games, has strongly indicted suspended Prasar Bharti CEO B S Lalli and Doordarshan Director General Aruna Sharma, accusing them of "collusion" with a UK-based firm which benefited Rs 135 crore in the broadcast deal.
The Indian Premier League scandal gets murkier and murkier by the day.
The CBI has been carrying out searches at various locations for the past few days to locate assets acquired from the proceeds of the scam, officials said.
The agency is looking at alleged "diversion of funds and financial reporting frauds".
In nation-wide raids on Wednesday, Income Tax sleuths swooped down on offices of Indian Premier League franchisees Kolkata Knight Riders, Chennai Super Kings, Deccan Chargers and Kings XI, and companies handling broadcast rights of the cash-rich cricket League.
As the Supreme Court rejected Lalit Modi's plea, seeking reconstitution of BCCI-appointed panel probing allegations of financial irregularities against him, Mehmood Abdi, the lawyer of the former IPL Chairman, said they will wait for the order copy before deciding their future course of action.
In a setback to former IPL Commissioner Lalit Modi, the Supreme Court, on Monday, dismissed his plea seeking reconstitution of the BCCI-appointed disciplinary panel probing allegations of financial irregularities against him.
On the back of recent controversies involving the release of Niira Radia tapes, allocation of 2G spectrum and alleged financial irregularities in the Commonwealth Games, the Confederation of Indian Industry (CII) plans to launch a "moral leadership" campaign to combat the rising incidents of corruption.
The Bombay High Court on Thursday extended till January 24, the ad interim stay granted by it on the proceedings against former Indian Premier League commissioner Lalit Modi by BCCI's Disciplinary Committee (DC), after both the parties sought time to file additional affidavits.
The Bombay High Court on Thursday continued the stay granted on the proceedings of the Board of Control for Cricket in India's Disciplinary Committee, which is probing alleged financial irregularities by former Indian Premier League commissioner Lalit Modi, till January 13. Lawyers of the BCCI and Modi made brief submissions but sought time to seek instructions from their clients as the matter involves legal issues.
Public sector broadcaster Prasar Bharati has appointed Rajiv Takru, additional secretary in the Ministry of Information and Broadcasting, as the chief executive officer. The move followed the recent suspension of B S Lalli against whom an inquiry has been ordered for alleged financial irregularities and providing undue favours to some broadcasters during the Commonwealth Games.
The Bombay high court on Saturday stayed the proceedings of BCCI disciplinary committee probing allegations of financial irregularities against former Indian Premier League Commissioner Lalit Modi till January 10 next year.
The Board of Control for Cricket in India (BCCI) on Saturday retained the three-member disciplinary committee probing charges of financial irregularities against Lalit Modi, rejecting the former Indian Premier League chairman's demand for a reconstitution of the panel.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
The information about senior army officers facing allegations of corruption is "voluminous" and its disclosure would not serve any "public interest", the force has said.
Since 1993, when the BJP came to power after a stint of President's rule, the state has alternated between the Congress and the BJP.
Speeding up its probe into the finances of Indian Premier League, the Enforcement Directorate has summoned former Indian cricket captain Ravi Shastri for questioning in connection with the alleged financial irregularities in the IPL.
The Enforcement Directorate had filed the money laundering case after taking cognisance of a Central Bureau of Investigation FIR and chargesheet.
Former Indian Premier League comissioner Lalit Modi on Monday slammed the Enforcement Directorate after the agency issued a blue corner notice against him.
The Comptroller and Auditor General (CAG) will start the audit work of Commonwealth Games Village in New Delhi from October 28 to probe allegations of financial irregularities.
With the Commonwealth Games coming to a close, Suresh Kalmadi and others involved in organising the event are being put in the dock. Even Delhi Chief Minister Sheila Dikshit is not being spared.
Banaras Hindu University on Saturday suspended 14 students for their alleged role in inciting violence on the campus two days ago.
There was no evidence on record to link Shiv Sena Rajya Sabha MP Sanjay Raut to alleged irregularities in the redevelopment of Patra Chawl in suburban Mumbai, his lawyer on Tuesday told a special court.
Union sports minister Ajay Maken, despite not wanting to be 'too intrusive', says he is uncomfortable with the idea of Suresh Kalmadi returning as president of Indian Olympic Association.
After being rocked by charges of financial irregularities, the Indian Premier League was on Wednesday hit by a fresh controversy with a report claiming that the players' auction in 2009 was fixed.
In a bid to give her own government a clean chit, Uttar Pradesh Chief Minister Mayawati on Friday released a white paper on the allegations of rampant corruption in her regime.
