Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
More than 60 individuals and entities, an overwhelming number of them Indians, were on Thursday charged by the Justice Department for allegedly participating in a multi-million dollar scam involving call centres based in India which conned thousands of American citizens.
Bharara's presence at Trump Tower provoked much curiosity.
The Enforcement Directorate on Sunday conducted searches in various Uttar Pradesh cities after it registered a money laundering case to probe the alleged Rs 3,700 ponzi scam case perpetrated by seeking fake social media 'likes' from lakhs of gullible investors by a Noida based firm.
'There has been a marked increase in four types of cases.' 'One is fraud related to online deliveries, online shopping and online groceries and liquor.' 'Second fake news, third hate speech and fourth sextortion.'
'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.'
As Fahadh Faasil turns 39 on August 8, Subhash K Jha looks back at his favourite films featuring the brilliant actor.
Gullible bank customers are getting fooled by callers who scare or lure them.
Beleaguered Kerala Chief Minister Oommen Chandy, who is under attack from the Communist Party of India - Marxist-led Left Democratic Front opposition ever since the solar scam broke out in June, has got a breather after the Front called off its two-day secretariat siege on Tuesday.
The Reserve Bank could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial sector.
In a three-page complaint submitted to the Additional Chief Judicial Magistrate in Kochi, second accused Saritha Nair put the blame for the fraudulent dealings on the first accused Biju Radhakrishnan and actress Shalu Menon while stating that associating her name with politicians and ministers was incorrect.
Offenders will be tried under Prevention of Money Laundering Act
Without naming either the alleged kingpin of the fraud, billionaire jeweller Nirav Modi, or Punjab National Bank, Jaitley questioned the ethics of some businesses in the country and asked as to why the bank's internal and external auditors could not detect the fraud which had been going on for 7 long years.
The Kerala Assembly on Thursday witnessed uproarious scenes over the solar scam with the Communist Party of India-Marxist-led Left Democratic Front opposition and ruling United Democratic Front headed by Congress coming face-to-face, leading to the adjournment of the House for the day.
The banking, financial services and insurance sector was the most targeted by scamsters, says Indeevar Krishna, head, operations and customer service, Max Life Insurance
They broke free yet failed to evade the clutches of law.
Don't reveal any information to strangers.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
An industry of scamsters is operating in the guise of call centres in India.
