Two men alleged to be members of an illegal betting syndicate based in Singapore were charged with conspiracy to defraud on Thursday as part of a match-fixing investigation into English lower league soccer.
A bench of Justices DY Chandrachud and Surya Kant dismissed the appeals of the accused booked under MCOCA and other provisions under IPC and the gambling and prohibition Act.
The Board of Control for Cricket in India's probe panel on spot-fixing and betting charges in the Indian Premier League struck down as "illegal" as it was set up in violation of its own rules, the Bombay high court said on Wednesday. It went on to add that a prima facie case is made out that BCCI president-in-exile N Srinivasan was involved in its formation.
The Board of Control for Cricket in India congratulated its president-in-exile N Srinivasan for being elected as the first chairman of the ICC, saying there could not have been a better person for the position.
The solution worked out by the members is to convene a Working Committee meeting on September 26. With this, the AGM is unlikely to be held on the scheduled date of September 30 as the rules demand for a three-week gap between the two meetings.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
More than 4,000 people have been arrested worldwide and more than $13 million seized across Asia in operations targeting illegal gambling during the Euro 2016 football tournament, Interpol said on Monday.
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.
The police have almost no way of tracking the $200 billion plus money flowing online during this World Cup.
West Indies cricket president James Cameron and Pakistan board chairman Najam Sethi have been awarded seats on the International Cricket Council's new executive committee, but South Africa has been snubbed from the game's new world order.
The 11th edition of the Indian Premier League (IPL) kicks off on Saturday with two reinstated teams and a new broadcaster in a fresh testament to its undiminished appeal to India's incurably cricket-obsessed masses.
While some would give the BJP full marks for starting early in the only state in the south where it stands a chance, the 'party with a difference' has fallen back on a tainted leader.
Paytm will not be available for download now but there will be no impact on existing users of the app. 'The app was blocked for violation of play policies - a clarification of our policy was released earlier today ahead of the IPL (Indian Premier League) tournament,' Google said in an e-mailed response on Friday.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
The Enforcement Directorate on Friday said it has issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA). WazirX, registered under the company named Zanmai Labs Pvt Ltd, was incorporated in December, 2017 as a domestic cryptocurrency start-up and its directors Nischal Shetty and Hanuman Mhatre, along with the company, have been named in the notice issued by the central probe agency after completion of investigation. The agency issued a statement saying that it stumbled upon the transactions of the company during an ongoing money laundering probe into the "Chinese-owned" illegal online betting applications.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
Phillip Hughes's tragic death cast a shadow over an eventful year that saw Ashes rivals Australia and England brawl on the field and bond off it, joining India to pull off a bloodless coup and take charge of the game.
'The fiscal pressure will be there, but the intent of the government behind this move is to spur demand and growth.'
Subramanian Swamy, in his plea, has alleged that there are no allegations against either Narayanswami Srinivasan or against any members of CSK and hence the ban imposed by the Justice Rajendra Mal Lodha panel is "illegal, arbitrary and unreasonable".
A summary of sports events and persons who made news on Tuesday
Former BCCI secretary Jaywant Lele says the Bombay high court has taken a very correct decision. 'The judges appointed in the two-member committee were the people of N Srinivasan.'
Tainted former Indian Premier League Commissioner Lalit Modi invoked the names of British royalty, including Prince Charles and his brother Andrew, while seeking his travel papers from the United Kingdom home office, according to a media report on Sunday.
B L Agrawal, a principal secretary in the Chhattisgarh government, was arrested for allegedly bribing people to help him wriggle out of corruption cases pending against him, while J P Singh, a former joint director of in Enforcement Directorate, was held for accepting illegal gratification to favour the accused in the Indian Premiere League betting scam.
The Supreme Court-appointed high-level Committee, headed by former Chief Justice of India Rajendra Mal Lodha, proposed two-year suspensions on IPL franchises Chennai Super Kings and Rajasthan Royals. Here's what the verdict means.
Tennis was rocked on Monday by allegations that the game's authorities have failed to deal with widespread match-fixing.
Former cricketer Kirti Azad on Monday again suggested that Indian cricket captain Mahendra Singh Dhoni could be guilty of conflict of interest, as was the case with Board of Control for Cricket in India (BCCI) president N Srinivasan.
Any comfortable assumptions that world cricket has largely eradicated corruption after the shock of the Hansie Cronje match-fixing scandal are challenged in a disturbing new book investigating India's illegal bookmaking underworld.
Australian cricket ace Adam Gilchrist has called for life bans if the players arrested for their alleged role in spot-fixing in the ongoing IPL are found guilty.
Arjun Nihalchandani, a resident of Gujarat, was on Monday arrested by the city police for his suspected involvement in the betting syndicate allegedly run by Shobhan Mehta alias Shobhan Kalachowkie.
The Supreme Court panel, inquiring into the IPL spot-fixing scam, has come down heavily on the Mumbai police for being "not willing" to investigate the involvement of underworld don Dawood Ibrahim and protecting "lots of persons" involved in the betting syndicate.
In view of this development, do you think Srinivasan should attend the Board's Committee Meeting scheduled for August 2? Tell us!
The ban on liquor advertising is an example of policy hypocrisy at play.
At a press conference, the Congress posed 11 questions to the PM over the Lalit Modi controversy, asking if the Modi sarkar would also extend such help to Dawood Ibrahim if he too sought such help.
Suspected bookie Shobhan Mehta alias Shobhan Kalachowkie is facing allegations of misusing telephone lines of MTNL to indulge in cricket betting.
Italian police investigating a soccer match-fixing scandal searched 30 homes and made a number of arrests including the captain of Lazio Stefano Mauri and former Genoa midfielder Omar Milanetto, authorities said on Monday.
The fate of the former India cricket chief and his Indian Premier League team will be known when the Supreme Court pronounces its verdict on Thursday.
The Board of Control for Cricket in India on Monday approached the Supreme Court challenging Bombay high court's order that held as illegal and unconstitutional the two-member probe panel constituted by it to look into spot-fixing and betting charges in the Indian Premier League as illegal.
The Supreme Court on Friday issued notices to the Board of Control for Cricket in India, N Srinivasan, his company India Cements which owns IPL team Chennai Super Kings, and Rajasthan Royals on a plea challenging Bombay high court order refusing to appoint a fresh committee to probe the spot-fixing scam in the sixth edition of the IPL.
The new round values the company at $2.5 billion, more than double the over $1 billion valuation Dream 11 enjoyed in April 2019 when it was declared the country's first gaming unicorn.
The Modi leadership could lose Election 2024 if a communal flare-up becomes cause for all-round catastrophe, warns N Sathiya Moorthy.
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