Mumbai: Dismayed at their player Ankeet Chavan's alleged spot-fixing role in the Indian Premier League for which the Rajasthan Royals player has been arrested with two other teammates, Mumbai Cricket Association called for severe action against him if found guilty.
"It's a sad thing for Mumbai cricket. We are shocked on hearing this about Ankeet Chavan. These boys are getting good amount of money for playing cricket. They should be punished severely if the charges are found correct," said MCA's joint secretary Nitin Dalal.
In a sensational development, Chavan and his Royals teammate S Sreesanth and Ajit Chandila were on Thursday arrested by Delhi police on spot-fixing charges.
A special cell of Delhi police picked up Sreesanth in Delhi from his friend's residence, Chavan and Chandila were arrested from the team hotel in Nariman Point....
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01:34 PM, May 16, 2013
New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs, unauthorised gold sale, rampant non-compliance of KYC norms and irregular staff trips. Sources say the RBI probe into ICICI Bank...
01:14 PM, May 13, 2013
New Delhi: American TV personality Giuliana Rancic decided to opt for Indian designer duo Falguni and Shane Peacock's creation at the annual Met Gala in New York.The Met gala is one of fashion's biggest nights and this year kicked off the Metropolitan Museum of Art's spring exhibition "PUNK: Chaos to Couture" Monday.The 38-year-old Rancic, known for hosting award shows, was seen in a nude full length gown featuring beaded detailing."It...
05:53 PM, May 07, 2013
Mumbai/ New Delhi: Big banks say it will be difficult for them to pass on the benefit to customers even though the Reserve Bank of India (RBI) cut repo rate by 25 basis points on Friday even though the cash reserve ratio was left untouched. The banks say RBI's move is not enough to cut interest rates for customers. The State Bank of India (SBI) said there is not much...
03:03 PM, May 03, 2013
London: Pop diva Madonna's homeless brother has been arrested and suffered nine stitches while resisting the arrest. Police were called to the Grand Traverse County Civic Center in Michigan after 56-year-old Anthony Gerard Ciccone refused to leave the bathroom and began harassing staff, reported Daily Mirror. "He pulled away, turned around and confronted the female officer in an aggressive manner. She turned him around and brought him to the ground,...
06:27 PM, Apr 24, 2013
Mumbai: HDFC Bank Ltd, India's No.3 lender by loan value, met forecasts with a 30 per cent rise in quarterly profit on Tuesday led by higher loan growth, fee income and stable asset quality. Mumbai-based HDFC Bank, which has posted profit growth of more than 30 per cent every year for the last decade, said its net profit rose to Rs 18.9 billion in the quarter ended in March from...
03:50 PM, Apr 23, 2013
Singer Madonna's brother Anthony Ciccone is living an underprivileged life and says the popstar is not concerned about his well-being and vice versa. ...
01:55 PM, Apr 01, 2013
Fraudsters have managed to steal customer database from ICICI Prudential causing a "loss" of over Rs 90 lakh to the insurance major after some policy holders either surrendered or discontinued policies believing the cheats. Delhi Police's Economic Offences Wing have launched a probe into it following the registration of a case under sections of the IPC and Information Technology Act last week on a complaint filed by ICICI Prudential on...
10:21 AM, Mar 31, 2013
Reserve Bank of India Deputy Governor KC Chakrabarty has given a clean chit to private banks named in the Cobrapost expose on money laundering. The Central bank said there was no systemic issue involved in the Cobrapost allegations. ...
08:30 PM, Mar 21, 2013
Shares in ICICI Bank gain 4.3 per cent, heading towards its biggest single-day gain since November 29, 2012, on value buying after steep recent falls over allegations of money laundering by a local journalist. ...
01:40 PM, Mar 21, 2013
In more trouble for the banks that were indicted in a recent Cobrapost expose, which caught some of the employees of HDFC, ICICI and Axis banks offering money laundering services, sources now say that the Reserve Bank of India (RBI) has sent its teams to those branches of the banks for an audit. The results of the audit is expected in two to four weeks. ...
04:26 PM, Mar 18, 2013
Private banks are in damage control mode after their employees were shown aiding money laundering in a sting operation by online magazine Cobrapost. While ICICI Bank has suspended 18 employees pending an investigation, HDFC Bank says it has ordered a probe by independent agencies on the expose. ...
03:49 PM, Mar 16, 2013
Following the money laundering allegations against it along with a few other private banks, ICICI Bank on Friday suspended 18 of its employees. Earlier, Kotak Mahindra Bank issued a clarification saying none of its employees were involved in money laundering. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak Mahindra Bank," said Kotak Mahindra Group spokesperson reacting to a CNN-IBN story. ...
10:29 PM, Mar 15, 2013
After CNN-IBN accessed a confidential government investigation report which highlighted how several private banks were involved in conversion of black money into white, Kotak Mahindra Bank has refuted all the allegations. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak Mahindra Bank," said the Kotak Mahindra group spokesperson on Friday evening. ...
08:54 PM, Mar 15, 2013
A sting operation conducted by online magazine Cobrapost across various branches of private banks has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost Editor Aniruddha Bahal has insisted that leading private banks like HDFC Bank, ICICI Bank and Axis Bank are involved in this. He joined IBNLive readers for an interaction on the issue. ...
05:23 PM, Mar 15, 2013
A confidential government investigation report highlighting how several private banks were involved in conversion of black money into white has been accessed by CNN-IBN. ...
01:27 PM, Mar 15, 2013
The Financial Intelligence Unit (FIU) of the Finance Ministry will probe an alleged sting operation conducted by an online portal claiming that the country's three large private banks indulged in money laundering both within and outside India. The FIU will also provide information in this regard to the Income Tax department which has already begun a probe into the contents of the sting operation, a senior I-T official said on...
11:39 PM, Mar 14, 2013
A Cobrapost expose on Thursday revealed how employees at some private banks were brazenly carrying out money laundering operations. ...
11:27 PM, Mar 14, 2013
Top private sector lenders ICICI Bank, HDFC Bank and Axis Bank said they were investigating allegations of widespread money laundering practices at their branches. The shares of the banks fell briefly on Thursday after the independent investigative journalist, Aniruddha Bahal, made the accusations in a news conference televised by a local TV station in the morning. ...
10:35 PM, Mar 14, 2013
Every rule laid down by the Reserve Bank of India has a possible loophole - that's what the bankers exposed by the Cobrapost sting claimed. ...
10:09 PM, Mar 14, 2013
