Police in Malaysia are hunting golf's Asian Tour's former finance and human resources manager after he defrauded the organisation of a large sum of money and disappeared.
The US has slapped additional tough sanctions on Russia's financial services and energy sectors for the failure of Moscow to taken enough steps to address the volatile political situation in Ukraine.
Justice Sen appeared before a 'bar' "posted" at the gate of the central aisle of the upper house facing the Chairman as CPI-M leader Sitaram Yechury moved motions against him.
'Bypass Road goes around in circles and gets nowhere,' declares Sukanya Verma.
A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.
Joe Root's England will have to step up their game against the turning ball to escape that fate in the test series beginning at Galle on Tuesday.
'Every family in UP has been deeply affected in this second wave.' 'It has only been denial, denial, and denial by the incumbent CM.'
A government order issued last evening blocked the assets of Gaddafi and 28 other members of his clan, including his wife Safia al-Barrasi, his sons and his only daughter Aisha as well as several relatives and leaders.
The Chennai Police has once again summoned suspended Indian Premier League (IPL) Commissioner Lalit Modi and other people in connection with a funds misappropriation case, giving them time till February 15 to appear before it for inquiry.
Following the demise of Sathya Sai Baba, the Andhra Pradesh government, which has been in talks with the trustees at Puttaparthi, wants to ensure that the take over of the trust should be free from any controversy.
For millions of devotees he was a God. Although his life was also marked with various controversies, the faith among his devotees was not shaken up even once.
Barcelona president Sandro Rosell is to resign in the aftermath of a Spanish court's decision to investigate the signing of Brazilian striker Neymar last year, Spanish media reported on Thursday.
Taking serious note of the rampant corruption in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act in Uttar Pradesh, the Lucknow bench of Allahabad high court on Friday ordered a Central Bureau of Investogation probe into the alleged large scale financial bungling brought to its notice through a public interest litigation, moved by local journalist Sachchidanand Gupta .
The investigating officer of the Delhi police, in the remand application, had sought custodial interrogation of the accused saying it was required to identify the persons to whom the alleged siphoned off money was transferred and to ascertain the purpose of creating the shell companies.
The Central Bureau of Investigation on Friday morning raided the residences Congress MP Suresh Kalmadi in Delhi and Pune following allegations of misappropriation of funds in the organization of the 2010 Commonwealth Games. The raids on his residence at Kamaraj lane in Delhi began in wee hours of Friday and are likely to continue till the evening.
A Traditional Knowledge Digital Library (TKDL) Access Agreement signed between the Council of Scientific & Industrial Research (CSIR) and US Patent and Trademark Office (USPTO).
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
Decks were on Wednesday cleared for impeachment proceedings against Calcutta high court judge Soumitra Sen with a judicial committee set up by Rajya Sabha Chairman Hamid Ansari finding him guilty of misappropriating "large sums" of funds and making false statement regarding it.
A whopping Rs 140 crore suit has been filed against veteran Malaysian Indian politician Samy Vellu by the educational arm of his party, the Malaysian Indian Congress (MIC), accusing him of misappropriation. The Maju Institute of Educational Development (MIED), the educational arm of the MIC, the country's largest Indian based political party said the sum 100 million ringgit (Rs 140 crore) included special and general damages.
Ford Motor Co sued luxury automaker Ferrari on Wednesday for trademark infringement after Ferrari named its 2011 Formula 1 racing car the "F150."
Modi and five others -- Harish Krishnamachari of Mumbai, Ajay Verma of New Delhi and World Sports Group office-bearers Venu Nair, Andrew Georgio and Seamus O'Brien -- have been asked to appear for an inquiry either on January 25, 26 or 28, a date suitable for them, Police Commissioner T Rajendran told reporters on Thursday.
A government-sponsored study on the National Rural Employment Guarantee Act has found large-scale corruption and irregularities in the implementation of the programme in several states with authorities in some areas misappropriating' central funds and threatening workers to keep their mouth shut."There was great fraud in the making (of job) cards, muster rolls were not maintained properly and work was not provided to job seekers sometimes," a team of researchers said.
Ghost beneficiaries aren't the only kind of issue companies face during a period of unprecedented CSR spending, touching nearly Rs 12,000 crore in 2018-19. Frauds related to procurement, construction, and end-use of funds have had companies engaging forensic auditors to keep tabs on how money is spent, revealed conversations with those involved in such investigations. Firms are also increasingly strengthening their own capabilities to better implement their programmes.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Chief Justice of Pakistan, Iftikhar Mohammad Chaudhry, has ordered a National Accountability Bureau (NAB) probe into fraud allegations against three former PCB chiefs.
'Yes, I said 'Sorry babu'. When you see a dead person, what else will you say?' 'I said sorry as he was no more. When you love someone and they die, you say sorry.' 'Sorry that you aren't here. Sorry that a joke has been made out of your death.'
The Rajya Sabha is slated to take up impeachment motion against Calcutta High Court Judge Soumitra Sen on March 14. Vice-President and Rajya Sabha Chairman Hamid Ansari has admitted a motion for Sen's impeachment after a three-member committee headed by sitting Supreme Court judge Justice B Sudarshan Reddy, found him guilty of misconduct.
Rajya Sabha is slated to take up the Impeachment Motion against Calcutta High Court Judge Soumitra Sen on March 14.Sen will be the second judge in independent India to face such a motion for allegedly misappropriating Rs 42 lakh when he, as a lawyer, had been appointed a receiver by a court of law.There are ten senior advocates in the Rajya Sabha from various political parties who are keen to speak on this motion. The motion may turn out to be embarassing for the UPA.
Two Pakistani journalists, arrested for allegedly misappropriating a press club's funds, have claimed that authorities are 'teaching them a lesson' for helping reporters trace the family of Ajmal Kasab, the lone terrorist captured alive during the Mumbai terror siege in November last year.
The Enforcement Directorate is likely to book former IPL chairman Lalit Modi under the stringent Prevention of Money Laundering Act, which gives the Directorate the power to arrest and attach properties.
The alleged misappropriation of flood relief funds, which has hit the Bharatiya Janata Party government in Karnataka, has also torched the Opposition Congress party in the state.
Corrupt practices are robbing the developing nations as much as $40 billion annually, even a fraction of which can fund treatment of over 6 lakh AIDS-affected people, according to the World Bank.
Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by comptroller and auditor general.
Congress President Sonia Gandhi, and Vice President Rahul Gandhi were on Thursday summoned by a local court as accused in a criminal complaint lodged by BJP leader Subramanian Swamy for alleged cheating and misappropriation of funds in acquiring ownership of now-defunct daily National Herald.
The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.
Thousands of unlisted companies registered with RoCs will soon go under watch on lines similar to the oversight by the Securities and Exchange Board of India of listed companies.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
The Bihar government, realising that it does not have the jurisdiction to probe the case, is now adopting this 'illegal method' of recommending the case to be handed over to the CBI, says Rhea's lawyer.
Gujarat police opposed in the Supreme Court the anticipatory bail plea of Teesta Setalvad.
"It is not true that there is 30-40 per cent siphoning," rural development minister C P Joshi told the Rajya Sabha during Question Hour.
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