Be cautious when purchasing from little-known Web sites.
The case goes back to 2014, where the diamond merchant had pleaded guilty, though indirectly, for mis-declaration of exports of diamonds.
The suit was filed on behalf of purchasers of Satyam's ADRs between January 6, 2004 through January 6, 2009. Price Waterhouse, the Indian unit of the global audit major, has been maintaining that it followed all the standard accounting principles while auditing the books of Satyam Computers. However, it also said that its auditing on Satyam could be construed invalid if the statements made by Raju in his admission letter on January 7 about the fraud were correct.
Sebi said it was constrained to approach the apex court for urgent relief related to the most serious financial scam that had large-scale national and international ramifications. A bench headed by Chief Justice K G Balakrishnan allowed Sebi to mention the matter on Tuesday after solicitor general G E Vahanvati and counsel Pratap Venugopal submitted the request on behalf of Sebi.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
'This is a landmark moment for Lord's, with women's cricket now documented in the dressing rooms for the first time.'
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.
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Raju need not fear ostracism once he's out - society will embrace him. Size is a national obsession. Indians have stashed away more than anyone else -- a noble $1,456 billion -- in Swiss banks. We thrive on superlatives. Even Jawaharlal Nehru rejoiced in the Suratgarh farm being "the biggest farm in Asia".
Audit firm PricewaterhouseCoopers, which has major companies like HCL Infosystems, GMR Group, Bosch, and Maruti Suzuki among its over 100 clients in India, faces a possible axe after its role has come into question in the Satyam fraud case, of about Rs 7,800 crore (Rs 78 billion).
Barcelona soccer star Lionel Messi has been sentenced to 21 months in prison after a court in Barcelona found him guilty of three counts of tax fraud, a statement from the court said on Wednesday.
A summary of sports events and persons who made news on Thursday
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
More than 80 executives participated in the survey that was done from April to June this year.
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
Govt tells PSBs to integrate banking systems, rotate staff as a policy
.jpg)
The Securities and Exchange Board of India (SEBI) unveiled new proposals, broadening the scope of who can be held liable for insider trading violations.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
Modi, 46, who had figured in the Forbes' list of richest Indians, has been named in the cheating case on a complaint from the PNB, which alleged that the jewellery firm owner, his brother, wife and Choksi entered into a criminal conspiracy with the officials of the bank and cheated it, causing a "wrongful loss".
Alstom is accused of paying bribes to Indian public officials to secure Delhi metro contracts.
Insider trading -- dealing in securities with prior access to unpublished price-sensitive information -- has been attracting regulatory attention worldwide.
Disgraced FIFA officials, suspended UEFA chief Michel Platini and Barcelona superstar Lionel Messi were amongst the names found on Sunday in leaked documents which reveal offshore financial dealings.
As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland on Monday said it is looking forward to working together with the new government of India in its fight against tax evasion.
In the corporate world, 70 per cent of white collar crimes are committed by people between 36 and 55 years
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
The Enforcement Directorate (ED) ED will soon seek an Interpol arrest warrant against liquor baron Vijay Mallya based on a non-bailable warrant issued on Monday by a Mumbai court in a money laundering case.
The decision not to impose a blanket ban was not uniformly welcomed with Travis Tygart, head of the United States Anti-Doping Agency, describing it as "yet another devastating blow to clean athletes."
'A separate 'Investigation Agency (Other Offences)' or IA(OO), can be created under the state governments, with the expertise and resources required for investigating non-violent offences,' recommends Alok Tiwari, a Cabinet Secretariat officer.
Accounting firm, Ernst and Young auditing the UN World Intellectual Property Organisation has cleared it of allegations of corruption.
The debt-laden Kingfisher Airlines stopped operations in October 2012.
'Our great Indian nationalists are rousing passions against their own people, not against another nation. Our fraud nationalists go after their own citizens for their religion, or for their views. Their concern and their passion is the enemy within. That is not love of nation or love of anything else. It is hatred and it is bitterness,' says Aakar Patel.
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.
The judge, during arguments, said it was "blindingly obvious" that "rules were broken by the bank" and that they had "gone against their own guidelines" in extending a loan to the business tycoon's now defunct Kingfisher Airlines.
The bench also said there was merit in ED's contention that while the "driving force behind the companies" (Modi) was not submitting to the agency's jurisdiction, his companies cannot be given any discretionary relief.
News of all that's transpired on and off the football field
Lamine Diack, the former president of the International Association of Athletics Federations (IAAF), was responsible for organizing and enabling the conspiracy and corruption that took place in athletics' governing body, an independent commission of the World Anti-Doping Agency (WADA) said on Thursday.
ED has submitted a chart of total $60.54 million received by the firms directly or indirectly owned by Talwar between April 23, 2008 to February 6, 2009.
