Prashant Indulkar, 37, was secretary to VSNL's Managing Director N Srinath and was picked up by the Dadar police on February 1 after VSNL filed a complaint alleging that he had siphoned off funds.
Natrajan Venkataram, 42, who was director of Management Information Systems at New York City's Office of the Chief Medical Examiner, pleaded guilty to conspiracy, theft and money-laundering charges. He will be sentenced by a Manhattan Judge on January 30, and faces over 20 years in prison. The indictment charged that Venkataram and girlfriend Rosa Abrieu, 41, who was director of records at the OCME, conspired to send millions to fictitious overseas companies.
Brij and Aasha Chhabra were found shot in the head in an alleged case of contract killing. The couple had accused long-time friend Narayan Thadani of siphoning off their money and transferring their assets to himself. Thadani and three others, including two men whom Thadani allegedly promised $100,000 to kill the Chhabras, have been arrested in the case.
"We sponsor faculty awards, sabbatical grants, student fellowships, workshops and internships," said IBM India Research Lab Director Dr Daniel Dias.
Mumbai metropolitan region, comprising Mumbai city, Navi Mumbai and Thane, leads the pack (in delayed projects) with 210,000 units at an approximate valuation of Rs 2.34 trillion.
Gitdabling, a village near Kalimpong, is famous for its homemade cakes and pastries in the Darjeeling district of West Bengal.
Upset that they had not been helped in bad times, the family of legendary playback singer Manna Dey did not accept the request of West Bengal Chief Minister Mamata Banerjee to bring his mortal remains to Kolkata for the last rites.
Can call centre thefts end India's flourishing BPO business? Do such deeds give India a bad name? Tell us what you think.
ED files money laundering case. Fadnavis, Paswan want case transferred to CBI. Mumbai police will investigate on basis of evidence: Minister. Friend alleges he is being pressured to nail Rhea. Bihar government to oppose Rhea's SC plea.
In a landmark judgment, a federal jury in the US has indicted three Indians - two from Chennai and one settled in Malaysia - for hacking online accounts of brokerage firms and siphoning off millions of dollars.
It said the sleuths have recovered Rs 14.6 crore of "unaccounted" cash and seized diaries and computer files of suspect payments made between Madhya Pradesh and Delhi.
Many defaults banks have been seen pertain to sectors like steel, infrastructure and power.
The Economic Offences Wing of the city police arrested Gawli, the president of the Akhil Bharatiya Sena.
Data mining with the object of ensuring that resources are properly deployed to legitimate beneficiaries is a valid ground for the state to insist on the collection of authentic data
BSES entities BRPL (BSES Rajdhani Power Limited) and BYPL (BSES Yamuna Power Limited) supply electricity to around 12 lakh and 16 lakh customers respectively.
The PMLA court in Mumbai has sought their appearance on September 25 (Nirav Modi) and 26 (Mehul Choksi) respectively under the fugitive economic offender law.
Sharad Pawar said pending the Board's action, Jagmohan Dalmiya can attend BCCI meetings as president of Cricket Association of Bengal.
The chief minister, speaking at her first major political rally after the Lok Sabha polls, also said the party will launch a statewide protest on July 26, demanding return of black money "siphoned off" by the BJP.
India's booming outsourcing sector has been hit by a fraud again.
The stringent Prevention of Money Laundering Act, which was recently amended to remove certain shortcomings, will come into force from July 1.
Once a stock market darling, the jewellery chain heads for liquidation.
A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.
A summary of sports events and persons who made news on Saturday
Myanmar will export natural gas to energy-hungry India by a pipeline through Bangladesh, according to a joint statement issued after a meeting of energy ministers of India, Bangladesh and Myanmar in Yangon.\n\n
TV footage showed Zardari coming out of his house and embracing his younger daughter Aseefa before getting into a black Landcruiser.
Both Purvi Deepak Modi and Neeshal Modi are accused in the $2-billion scam allegedly orchestrated by their elder brother Nirav Modi and uncle Mehul Choksi in Punjab National Bank, they said.
The case pertains to alleged financial irregularities in supply of high-altitude tents worth Rs 22 crore to intelligence agency Research and Analysis Wing during 2009-13.
Ram Jethmalani has urged the Narendra Modi government to refer the long-pending Sino-India border dispute to the International Court of Justice for a decision.
The Delhi police have arrested top officials of Home Trade allegedly involved in the multi-crore government securities scam that shook the financial sector last year.
Modi slammed the opposition alleging they "remember farmers once in 10 years -- just before elections".
The UIDAI said rumour mongers attempted to tarnish the image of Aadhaar for a Google's inadvertent act that led to appearance of its old helpline number 1800 300 1947 in the contact list of several mobile phone users.
A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
The South Asia Tribune said, 'In the midst of the free flow of dollars before the 9/11 attacks, any one and everyone could have used these funds, including the infamous Al-Qaeda...'
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