New Delhi: The noose around tainted India pacer Sreesanth was tightened on Wednesday with documents, which CNN-IBN has access to, showing that he owns a company called S36 Sports & Entertainment Pvt Ltd that ran 'betting houses'.
Sreesanth, who is currently under police custody on charges of spot-fixing in the IPL and is being interrogated, owns 74 percent stake in the company while his former coach P Sivakumar holds the remaining 26 percent. The company is registered in Karnataka.
According to the documents, objectives to be pursued by the company in India and/or abroad include running 'betting houses', gyms and coaching centres.
The documents also suggest that the company was incorporated on September 29, 2010, in Bangalore....
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05:28 PM, May 22, 2013
New Delhi: In what looks a clear conflict of interest, Sreesanth's alleged links to illegal activities has turned another corner with a legal document revealing the jailed Indian fast bowler had set up a company in September 2010 with interests in setting up a betting house, among other objectives. Article 1 of the memorandum, a copy of which is with Cricketnext, under section III (A) pertaining to the main objects...
05:27 PM, May 22, 2013
Mumbai: As the interrogation of arrested actor Vindoo Dara Singh reveals heavy betting in the Indian Premier League, the question is as to how exactly does betting in cricket work. It is much like any other business but for a few fascinating exceptions. The cricket world in a fix over the spot-fixing storm. Along with the stellar success of the IPL, betting too has flourished into a multi-million dollar syndicate,...
09:31 AM, May 22, 2013
Chennai: Malayalam superstar Mohanlal, who turns 53 Tuesday, will be busy shooting for upcoming Tamil action-drama 'Jilla'. "He is with us on location shooting for the film. Since we are halfway through the first schedule, he didn't want to leave the sets. However, we threw a surprise party for him to welcome his birthday," the film's director Nesan told IANS. Lal plays Vijay's mentor in the film, which is currently...
12:48 PM, May 21, 2013
New Delhi: The cricketers and the bookies in custody in IPL spot-fixing case are being interrogated for the third day in the national capital on Sunday. Sources are telling CNN-IBN that Sreesanth resisted arrest by the Delhi Police. Sources also say Sreesanth was in a sedan when the police approached him in an SUV and he reportedly threw his phone at them. He mellowed after seeing the bookies in police...
04:50 PM, May 19, 2013
New Delhi: According to the Mumbai Police sources, a Dubai-based bookie Sunil Abhichandani alias Sunil Dubai is suspected to be the D-Company link to the latest IPL spot-fixing scandal that has hit Indian cricket. Police sources also told CNN-IBN that a lookout notice had been issued against Sunil in 2012, which backs the claims made by the Delhi Police Commissioner Neeraj Kumar on Thursday about the underworld's involvement in fixing....
11:47 AM, May 17, 2013
Mumbai: Tata Steel Ltd shares fell as much as 2.5 per cent on Tuesday morning after it said it will book a $1.6 billion impairment charge for the financial year ended March 31. The company said it is taking the charge due to weak economic and market conditions in Europe. Tata Steel shares were down more than 2 per cent as of 9:30 am. The steel maker made the announcement...
09:45 AM, May 14, 2013
New Delhi: Generic drugmaker Ranbaxy has been fined $500 million by the US government after its subsidiary pleaded guilty to sale of adulterated drugs manufactured in India. It is the largest settlement by a generic medicine maker till date. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. The adulterated drugs were made in Ranbaxy's plants in India and...
08:30 AM, May 14, 2013
Srinagar/Chandigarh: Amid fresh allegations of money laundering by banks, RBI and several banks on Thursday said actions are being taken against erring institutions and employees for violating prudential banking norms. The central bank has already completed investigations against banks and would take action against guilty institutions, RBI Governor D Subbarao said in Srinagar. "We have done investigations, we have prepared an internal report. There are processes to be followed to...
10:32 PM, May 09, 2013
Part Two of the Cobrapost investigation on money laundering methods used by banks focused on 23 major public sector banks and financial institutions. This included the State Bank of India as also the Life Insurance Corporation. ...
09:26 PM, May 06, 2013
Washington: The Walt Disney Company has announced its decision to pull out of Bangladesh, Pakistan and three other countries by April 2014, citing safety standards of workers in the supply chain. The decision was made before last week's devastating collapse of a factory building in Bangladesh that left more than 400 people dead and over 2,500 injured. Disney said that its decision was prompted by the November fire at the...
12:39 PM, May 03, 2013
Toronto: A Canadian company has said it will provide compensation for the families of victims who worked in the collapsed Bangladeshi garment factory that made products for its Joe Fresh clothing line. Loblaw Inc said on Monday it aims to ensure that victims and their families "receive benefits now and in the future." At least 382 people have died in the collapse. Spokeswoman Julija Hunter said the company is still...
07:44 AM, Apr 30, 2013
Los Angeles: Fragrance company Adrenalina Inc. has filed a lawsuit against singer Selena Gomez for not binding to her contract. Adrenalina Inc. claims Gomez had signed a deal with the company in 2011. The deal gave them allowance to develop fragrance products using her name. However, Gomez and her agent reportedly ended the relationship with the company without giving a valid reason. She even refused to show up for the...
02:42 PM, Apr 27, 2013
London: Actress Gwyneth Paltrow has been accused of "sexualising" children by selling bikinis for four to eight-year-olds on her website. The 'Iron Man' star's lifestyle company site showed pictures of a little girl wearing one of the two-piece creations designed by her new designer Melissa Odabash, reported Daily Star. The outfits, which are described as "great for girls who want to look grown up", have sparked outrage among campaigners who...
12:41 PM, Apr 24, 2013
Kabul: A helicopter owned by an Afghan company has made an emergency landing in a Taliban-controlled area of eastern Afghanistan, and the terrorists took all nine people who were aboard hostage. A district administrator in the area says the helicopter landed on Sunday afternoon in strong winds and rain in a village of Logar province, southeast of Kabul and about 30 kilometres from the Pakistan border. Hamidullah Hamid said on...
11:30 AM, Apr 23, 2013
Dhaka: Bangladesh on Saturday signed its biggest ever joint venture agreement with India involving investment $1.6 billion for 1,320 MW coal-fired power plant which is expected to be operational in the next five years. "This will be the largest investment Bangladesh ever had ... this will be cheapest source of energy (after hydropower) to accelerate the country s economic growth," Prime Minister's energy affairs adviser Tawfiq-e-Elahi Chowdhury said at the...
10:07 PM, Apr 20, 2013
California: Professional networking website LinkedIn is paying about $90 million to acquire Pulse, which makes an e-reader platform used on mobile devices. More than 30 million people worldwide use Pulse's e-reader applications on devices running both Apple and Android-based operating systems. The San Francisco-based company was founded in 2010 by Akshay Kothari and Ankit Gupta while they were students at Stanford University. The deal, which is expected to close in...
10:49 AM, Apr 13, 2013
Mumbai: Shares in Wipro Ltd, India's No.3 software services provider, fell as much as 11.3 per cent on Tuesday, which marked the first trading session as a standalone IT stock after splitting its other businesses into a separate unit. Wipro's split-off announced in November 2012 legally took effect on March 31, but has not been reflected in shares until Tuesday, meaning the company's shares no longer take into account the...
10:00 AM, Apr 09, 2013
Pharmaceutical giant Novartis on Monday termed the Supreme Court's judgement of not granting a patent to its cancer drug Glivec as "disappointing" and warned that though it will continue to introduce new products in India, it will now invest "cautiously". In a landmark verdict, the apex court dismissed the Swiss company's plea, paving way for more affordable life saving cancer drugs. ...
03:28 PM, Apr 01, 2013
Swiss pharmaceutical company Novartis, which lost its battle for patent on its cancer drug Glivec in India on Monday, said the Supreme Court's ruling discourages innovative drug discovery and is a setback for patients. ...
01:38 PM, Apr 01, 2013
