News for 'financial scams'

IL&FS auditors Deloitte, BSR to be prosecuted

IL&FS auditors Deloitte, BSR to be prosecuted

Rediff.com18 Jul 2019

But it does not mention its views on the government demand to ban these two auditors for five years from business.

Saradha group chief sent to 14 days judicial custory

Saradha group chief sent to 14 days judicial custory

Rediff.com24 Mar 2015

Central Bureau of Investigation is investigating the Saradha ponzi scam.

Mayawati did not grant funds under the NRHM, claims BSP

Mayawati did not grant funds under the NRHM, claims BSP

Rediff.com16 May 2012

Jumping to the rescue of former Uttar Pradesh chief minister Mayawati following allegations of her involvement in the NRHM scam, the Bahujan Samaj Party said that though she held the family welfare department for two years she had no role in granting funds under the NRHM.

Ponzi schemes: Lawmakers quiz regulators, ministry officials

Ponzi schemes: Lawmakers quiz regulators, ministry officials

Rediff.com18 Sep 2014

The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.

'People said Please don't die'

'People said "Please don't die"'

Rediff.com17 Jun 2021

'I haven't experienced such a thing ever. It was beautiful.'

'Kalmadi appointed CWG OC chairman by NDA govt'

'Kalmadi appointed CWG OC chairman by NDA govt'

Rediff.com2 Aug 2011

The government on Friday sought to drag in the National Democratic Alliance regime into the Commonwealth Games mess.

Why Indian Railways must be commercialised

Why Indian Railways must be commercialised

Rediff.com18 Jul 2011

Struggling to make ends meet, the railways have demanded a doubling of gross budgetary support from the government.

Nirav Modi, wife, Choksi skip ED summons

Nirav Modi, wife, Choksi skip ED summons

Rediff.com26 Feb 2018

The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.

Ex-Goldman Sachs director Rajat Gupta surrenders before FBI

Ex-Goldman Sachs director Rajat Gupta surrenders before FBI

Rediff.com26 Oct 2011

62-year-old Gupta appeared in Manhattan federal court but it was not immediately known what charges have been slapped against him by the prosecutors.

Jagan meets PM, Shah; requests special status, funds

Jagan meets PM, Shah; requests special status, funds

Rediff.com26 May 2019

He said he requested the prime minister to be 'magnanimous' towards the people of Andhra Pradesh.

One year later, PMC Bank depositors are still struggling

One year later, PMC Bank depositors are still struggling

Rediff.com23 Sep 2020

PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.

Court rejects Jignesh Shah's bail plea

Court rejects Jignesh Shah's bail plea

Rediff.com24 Jun 2014

Shah and Javalgekar were arrested on May 7.

CBI raid on UTI, SBI MF officials

CBI raid on UTI, SBI MF officials

Rediff.com13 Nov 2003

CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.

PNB eyes Rs 5,500 crore net profit in Q2

PNB eyes Rs 5,500 crore net profit in Q2

Rediff.com11 Jun 2018

However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19

Invest in companies with low debt

Invest in companies with low debt

Rediff.com20 Jul 2011

Three veteran investors, who, have braved the bad times, give their advice to retail investors.

BJP may bail govt out on key Bills this time

BJP may bail govt out on key Bills this time

Rediff.com3 Mar 2011

The party -- happy that the government has accepted its demand for a parliamentary probe into the 2G scam -- might not obstruct most of the important Bills the government would present in this session, said senior BJP leaders.

More takers for Modi's Jan Dhan in Uttar Pradesh & West Bengal

More takers for Modi's Jan Dhan in Uttar Pradesh & West Bengal

Rediff.com27 May 2016

The two states account for 24% of total accounts opened under financial inclusion scheme.

Satyam: Court dismisses plea of accused

Satyam: Court dismisses plea of accused

Rediff.com24 Sep 2010

A special court trying the multi-crore Satyam accounting fraud today dismissed the petition of three accused in the scam seeking postponement on hearing of charges against them.

10 ways the Price Waterhouse fallout changed auditing in India

10 ways the Price Waterhouse fallout changed auditing in India

Rediff.com10 Apr 2015

PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.

M M Joshi reappointed PAC chairperson

M M Joshi reappointed PAC chairperson

Rediff.com1 May 2011

Joshi was again nominated by his party following which Lok Sabha Speaker Meira Kumar has reappointed him as chairman of PAC which is responsible for conducting the financial audit of various departments and ministries.

PNB appoints forensic auditor for NiMo-Choksi fraud case

PNB appoints forensic auditor for NiMo-Choksi fraud case

Rediff.com1 Mar 2018

PNB issued a formal appointment letter to Belgium-based consultancy firm BDO

Probe NPAs above Rs 50 cr, report fraud to CBI: FinMin to PSBs

Probe NPAs above Rs 50 cr, report fraud to CBI: FinMin to PSBs

Rediff.com27 Feb 2018

Banks will also have to seek borrower's status report from Central Economic Intelligence Bureau on the account turning NPA

Low profile, yet outspoken, Trai's Vaghela knows how to take tough calls

Low profile, yet outspoken, Trai's Vaghela knows how to take tough calls

Rediff.com8 Oct 2020

Vagela could not have reached this position if Narendra Modi, who'd known him from his chief minister days, had not backed the choice.

The bank has the power of 5Cs: PNB chief

The bank has the power of 5Cs: PNB chief

Rediff.com13 Mar 2018

The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.

Info on corrupt officers won't serve public: Army

Info on corrupt officers won't serve public: Army

Rediff.com1 Dec 2010

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.

ED summons Raj Thackeray; MNS says political vendetta

ED summons Raj Thackeray; MNS says political vendetta

Rediff.com19 Aug 2019

The MNS has convened a meeting of party office-bearers on Tuesday in Mumbai to discuss the issue.

'No duplication in multi-agency Satyam probe'

'No duplication in multi-agency Satyam probe'

Rediff.com15 Jul 2010

There is no duplication in simultaneous investigations being done by CBI and Enforcement Directorate into the multi-crore Satyam Computer scam, Corporate Affairs Minister Salman Khurshid said on Thursday.

SIT arrests key Telgi associate

SIT arrests key Telgi associate

Rediff.com22 Dec 2003

Vijay Desai had been absconding for nearly one-and-a-half years, SIT sources said, adding that he was being grilled.

Manoj Vaish takes charge as CEO of MCX

Manoj Vaish takes charge as CEO of MCX

Rediff.com1 Feb 2014

Manoj Vaish on Saturday took charge as Managing Director and CEO of the country's leading commodity exchange MCX that is under the regulatory glare following troubles at the promoter group.

PNB fraud: CBI questions Allahabad Bank CEO

PNB fraud: CBI questions Allahabad Bank CEO

Rediff.com27 Feb 2018

She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.

Sombre market outlook for early part of 2011

Sombre market outlook for early part of 2011

Rediff.com27 Dec 2010

Inflation, rate pressure and scams dampen mood, though demand remains strong.

All allegations are baseless: Kalmadi

All allegations are baseless: Kalmadi

Rediff.com31 Jul 2010

Strongly refuting allegations of financial irregularities in the Commonwealth Games, Organising Committee chairman Suresh Kalmadi said that there was total transparency in all the deals and "every pie is accounted for".

Satyam: Raju's brother, four others get bail

Satyam: Raju's brother, four others get bail

Rediff.com20 Jul 2010

The Andhra Pradesh High Court on Tuesday granted bail to B Rama Raju, former managing director and brother of B Ramalinga Raju (the disgraced founder of Satyam Computer), and three others accused in the over Rs 7,600-crore (Rs 76 billion) Satyam scam.

Court extends police custody of Jignesh Shah

Court extends police custody of Jignesh Shah

Rediff.com15 May 2014

The sessions court on Thursday extended the police custody of the Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity exchange Shreekant Javalgekar till May 19.

How to fix India's flawed banking system

How to fix India's flawed banking system

Rediff.com26 Feb 2018

What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.

Arrest of a Banker

Arrest of a Banker

Rediff.com3 Nov 2020

This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.

Harshad's assets may fetch Rs 1,000 crore!

Harshad's assets may fetch Rs 1,000 crore!

Rediff.com13 May 2011

The government on Thursday said it expected Rs 800-1,000 crore (Rs 80-100 billion) to be recovered from liquidation of the assets of late stock broker Harshad Mehta who was convicted in the stock market scam of 1990s.

Satyam: After the clouds, some sunshine

Satyam: After the clouds, some sunshine

Rediff.com30 Sep 2010

Restated numbers are better than the Street's expectations.

CBI arrests Sudip Bandopadhyay, Didi cries foul; BJP office attacked

CBI arrests Sudip Bandopadhyay, Didi cries foul; BJP office attacked

Rediff.com4 Jan 2017

Shortly after arrest, BJP state headquarters in Kolkata was attacked allegedly by members of TMC student wing.

Audit fraud? Send them to jail, says ICAI

Audit fraud? Send them to jail, says ICAI

Rediff.com17 May 2010

The Institute of Chartered Accountants of India has recommended strict penal action, including imprisonment, for auditors who are found associated with serious accounting frauds.