Bhopal: In a first of its kind, the Madhya Pradesh Vidhan Sabha has asked its Principal Secretary AK Pyasi to submit certificates relating to his educational qualifications and date of birth within the next 10 days. Pyasi rose to power by allegedly using fake certificates. Madhya Pradesh Assembly Principal Secretary AK Pyasi is in the dock - not on charges of corruption but for allegedly producing fake educational certificates to...
08:22 AM, Jan 01, 2011
New Delhi: The probe into the Rs 300 crore Citibank fraud has gained momentum. The Gurgaon Police have questioned executives from brokerage firms Religare and Bonanza and the CFO of the Hero Group, Sanjay Gupta. Sources say Citibank's Shivraj Puri channeled funds from his clients to his own account and then passed on to brokerage accounts at Bonanza and Religare. "We are finding out the mode of the payment, other...
09:13 PM, Dec 31, 2010
Chandigarh: Reserve Bank of India (RBI) on Friday said it has initiated a probe into the Rs 300 crore fraud at Citibank's Gurgaon branch and would soon issue a statement in this regard. "Any bank where fraud (has taken place), we cannot (ignore)...and from banking side we have to do our own job…how it (Citibank fraud) has happened and what are the implications," RBI, Executive Director, G Gopalakrishna told reporters....
06:31 PM, Dec 31, 2010
New Delhi: Hero Group on Friday admitted that it is a victim of the Citibank fraud in Gurgaon, but dismissed reports that either Hero Honda Motors Chairman Brijmohan Lal or his son Pawan Munjal have anything to do with this matter. In the midst of reports that the Hero Group may have invested a huge amount with Shivraj Puri, the relationship manager in Citibank's Gurgaon branch who is said to...
02:54 PM, Dec 31, 2010
Gurgaon: The investigation into the over Rs 300 crore Citibank fraud in Gurgaon is getting wider with two brokerage firms now coming being the scanner. Gurgaon police are now questioning executives of brokerage firms Religare and Bonanza. Police officials say that the bulk of the money collected by Citibank staffer Shivraj Puri, who is accused of masterminding the fraud, went to two brokerage firms. Sources say Puri after collecting funds...
01:03 PM, Dec 31, 2010
New Delhi: Hero Group, one of India's largest business houses, on Thursday said that it is a victim of the estimated Rs 300 crore Citibank fraud in which some investors were allegedly swindled. "Some of the Hero Group entities, along with some others, are victims of the fraud conducted through one of the Citi branches in Gurgaon," Hero Group said in a statement. The group said an enquiry is in...
11:22 PM, Dec 30, 2010
New Delhi: The bank fraud at Citibank's Gurgaon branch has shocked consumers. The Reserve Bank of India warned banks earlier this year about an increase in bank frauds, especially in private banks. We take a look at some of the top banking frauds of all time. 1. Jerome Kerviel Jerome Kerviel is a French trader who was convicted in 2008 for causing trading loss, breach of trust, forgery and unauthorized...
05:38 PM, Dec 29, 2010
New Delhi: A banking fraud which could run into a whopping Rs 400 crore has been unearthed at leading multinational lender Citibank's Gurgaon (Haryana) branch. Gurgaon Police Commissioner S S Deswal said an FIR under sections of cheating and forgery against a bank employee and three others has been lodged and 18 accounts having close to Rs 4 crore frozen. Sources said funds amounting to Rs 400 crore of 20...
08:05 AM, Dec 29, 2010
Hyderabad: B Ramalinga Raju, former chairman of Satyam Computers and the prime accused in the Rs 14,000-crore accounting fraud, was today discharged from the Nizam Institute of Medical Sciences where he was undergoing treatment for hepatitis C for the past ten months. NIMS gastroenterologist Ajit Kumar said Raju requested the hospital authorities to discharge him yesterday. "He made a request yesterday. He still has to be administered 11 injections as...
04:11 PM, Oct 02, 2010
The apex court has asked Raju, the main accused in the Satyam fraud case, why his bail should not be cancelled. ...
01:24 PM, Oct 01, 2010
Hyderabad: Satyam scam accused Ramalinga Raju speaks for the first time after being out on bail. He appears at local court, accompanied by a doctor in Hyderabad on Thursday. This is his second appearance after being granted bail by Andhra High Court. Raju hasn't made any appearance for questioning in court since the trial stated - he was diagnosed with hepatitis-C. Speaking exclusively to CNN-IBN, Ramalinga Raju informed that he...
10:47 AM, Aug 26, 2010
Sydney: An Australian judge refused a Muslim woman the right to wear a full-face veil in court during her testimony as a witness in a fraud trial on Thursday. Perth's District Court Judge Shauna Deane said that in the interest of a fair trial the witness should not be allowed to wear a niqab or burqa. But she said she would speak to counsel about ways to accommodate the witness,...
07:49 PM, Aug 19, 2010
He claims that CBI is trying to falsely implicate him in the multi-crore accounting fraud at Satyam. ...
10:24 AM, Jul 28, 2010
![Satyam scam case hearing adjourned to July 29]( "Satyam scam case hearing adjourned to July 29")
Former chairman of Satyam, B Ramalinga Raju, is one of the accused in the case. ...
01:58 PM, Jul 26, 2010
Subhiksha may be probed for misleading ICICI Venture on the actual financial condition of the company. ...
07:56 PM, Jul 17, 2010
The penalty was the largest ever for a financial institution, and leaves the door open for future civil suits. ...
08:39 AM, Jul 16, 2010
Former and current executives denied the allegations, and say the investment firm did nothing illegal. ...
12:44 PM, Apr 28, 2010
The charge overshadowed strong quarterly reports from Bank of America, Google and General Electric. ...
12:32 PM, Apr 17, 2010
It's a crime that has people asking what will they think of next? ...
02:48 PM, Apr 09, 2010
Suresh Chand has been sentenced to 81-months in prison for his role in a $18 mn medicare conspiracy. ...
12:21 PM, Apr 09, 2010
