Is the entire banking and finance system prone to money laundering?

As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nation-wide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. ...
11:31 PM, May 06, 2013

Money laundering by banks: Govt to begin probe New Delhi: As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nation-wide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. In its second expose, Cobrapost accused country's leading banks and insurance companies of "running a nation-wide money laundering racket, blatantly violating laws of the land". Those named...  
09:48 PM, May 06, 2013

Chance for Kings XI Punjab to surprise RCB

It would be a battle of unequals when a desperate Kings XI Punjab take on the formidable Royal Challengers Bangalore at PCA Stadium, Mohali on Monday. ...
09:41 PM, May 06, 2013

As it happened: Kings XI Punjab v RCB, Game 51, IPL 6 Live updates from game 51 of IPL 6 between Kings XI Punjab and Royal Challengers Bangalore played at the PCA Stadium in Mohali. The door is closing down slowly and gradually for Kings XI Punjab as they seek their fifth win of the season against a top-favourite Royal Challengers Bangalore. Punjab are still quite a distant away from the top four and a win is a necessary tonic to make...  
07:15 PM, May 06, 2013

RBI should release its audit report on the banks: Aniruddha Bahal Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank and Dena Bank. Aniruddha Bahal, editor-in-chief, Cobrapost.com, joined IBNLive readers for an interaction on the matter. Q. Hats off to you and...  
06:39 PM, May 06, 2013

23 banks, insurance firms engaged in money laundering: Cobrapost New Delhi: Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank and Dena Bank. Cobrapost editor Aniruddha Bahal claims that both banks and the insurance companies flouted the Foreign Exchange Management...  
10:43 AM, May 06, 2013

Punjab: Sarbjit's ashes immersed in Beas River Amritsar: Ashes of Sarabjit Singh, who died after being brutally assaulted in a Pakistani jail, were on Sunday immersed in the Beas river at Goindwal Sahib in the neighbouring Tarn Taran district, as hundreds of people bade adieu to him with tearful eyes. Dalbir Kaur, the sister of Sarabjit, confirming the submersion of ashes, said that almost the entire residents of Bikhiwind village, besides Chief Parliament Secretary of Punjab Government...  
10:01 PM, May 05, 2013

IPL 6: RCB all set to seal play-off berth against Punjab Mohali: The door is closing down slowly and gradually for Kings XI Punjab as they seek their fifth win of the season against a top-favourite Royal Challengers Bangalore in match 51 of the IPL 6 at the PCA Stadium in Mohali on Monday. Punjab are still quite a distant away from the top four and a win is a necessary tonic to make things easier for them. However, it might...  
08:42 PM, May 05, 2013

3 Pak prison officials suspended over attack on Sarabjit Lahore: A week after Indian national Sarabjit Singh was fatally attacked within a Pakistani jail, authorities on Friday suspended three senior prison officials over the incident. The Home Secretary of Punjab province suspended the three officials from service for alleged negligence that led to the brutal attack on Sarabjit within Kot Lakhpat Jail. The three officials are Kot Lakhpat Jail Superintendent Mohsin Rafique, Additional Superintendent Ishtiaq Gill and Deputy Superintendent...  
01:40 AM, May 04, 2013

Sarabjit death: Has the tragedy been politicised?

From the moment Sarabjit Singh's body arrived in India, to it being transported to his village, the postmortem being conducted and finally the funeral rites itself - both the state and central governments ensured there were no hiccups. ...
10:04 PM, May 03, 2013

Attack on Sarabjit, Sanaullah: Will vengeful violence solve the problem? New Delhi: On a day when Indian prisoner Sarabjit Singh, victim of a brutal assault in a Pakistani jail, was cremated with full state honours and a Pakistani prisoner was attacked in an Indian jail, the question that arises is whether vengeance or tit-for-tat violence is the answer to the crisis. Sarabjit Singh was brutally assaulted by his prison inmates in Lahore's Kot Lakhpat jail in April. He succumbed to...  
09:41 PM, May 03, 2013

Sarabjit dead: Will the problems of people in border villages be forgotten?

Sarabjit Singh was cremated with full state honours on Friday in his native village Bhikiwind in Punjab. ...
08:42 PM, May 03, 2013

Watch: Sarabjit's cremation was just a photo-op for politicians, say Bhikiwind residents

Residents of Bhikiwind village in Punjab slammed the politicians who attended the cremation of Indian prisoner Sarabjit Singh on Friday, saying that they really did not care. ...
06:59 PM, May 03, 2013

Sarabjit cremated with state honours as politicians hog the limelight Bhikhiwind: Indian prisoner Sarabjit Singh was cremated on Friday with full state honours at his village in Bhikhiwind near Amritsar amidst heavy presence of politicians. Among those present at the funeral were Punjab Chief Minister Parkash Singh Badal, Deputy Chief Minister Sukhbir Singh Badal and Congress Vice President Rahul Gandhi. The Punjab government had announced a financial assistance of Rs 1 crore for the family of Sarabjit and declared a...  
02:38 PM, May 03, 2013

Snapshot: Cricketer MS Dhoni's wife Sakshi has an angry outburst at IPL match Chennai Super Kings Skipper MS Dhoni's wife Sakshi was seen during the IPL-6 match against Kings XI Punjab at MA Chidambaram stadium in Chennai. Sakshi looks visibly upset and seems to be mouthing something. Is it an angry outburst? ...  
12:42 PM, May 03, 2013

Pakistan maintains Sarabjit Singh's death was not a conspiracy Lahore: Pakistan continues to maintain that there was no conspiracy involved in the attack on Indian prisoner Sarabjit Singh in the Kot Lakhpat Jail. Najam Sethi, the caretaker Chief Minister of Pakistan's Punjab, spoke to CNN-IBN's Karan Thapar and said, "The jail authorities and administration were not expecting anything like this. There was not even a hint that such a threat might be posed. We were more worried about terrorism...  
08:43 AM, May 03, 2013

Four years on, Raina breaks IPL century drought On April 30, 2009 at Centurion in South Africa, Suresh Raina raised his arms to celebrate what he thought was a maiden IPL century after slapping the ball past cover for four. But it was a premature celebration because the electronic scoreboard got it wrong. He was on 98. Believing he had reached three figures, Raina made room and scooped the next ball to backward point and was caught. When...  
08:18 AM, May 03, 2013

Sarabjit to be cremated with state honours today Amritsar: The funeral of Sarabjit Singh will take place on Friday at his village in Bhikhiwind near Amrtisar. The last rites are likely to begin in the afternoon. Sarabjit's body reached his home at night via a special government plane after another post-mortem was conducted at an Amritsar hospital. Sarabjit's body was airlifted to his village and sent to Government Hospital at Patti where a team of six doctors of...  
07:54 AM, May 03, 2013

Pak prisoners' security in Punjab jails tightened Patiala: In the backdrop of the fatal attack on Sarabjit Singh in a Lahore jail, Punjab government on Thursday tightened the security of Pakistani prisoners lodged in various jails of the state. The state government directed superintendents of jails in the Central jails of Punjab to shift Pakistani prisoners in the side barracks and Indian prisoners would not be allowed to interact with them, jail department sources told reporters. As...  
10:35 PM, May 02, 2013