5 Of The Biggest Corporate Scammers In India

Business tycoon Vijay Mallya is in the news for failing to repay the nearly Rs. 7,000 crores to various banks and his subsequent fleeing from India.
It is still unclear whether Mallya will be returning to India, or how the banks will recover the huge amount he owes them if he does come back.
While the Mallya [...]

HC dismisses plea to arraign Nilangekar as accused

The Bombay High Court has dismissed an application seeking a direction to CBI to arraign former Maharashtra Chief Minister Shivajirao Patil Nilangekar as an accused in the multi-crore Adarsh housing society scam.
Justice Sadhana Jadhav recently dismissed the plea of social activist Pravin Wategaonkar who had sought a direction to CBI to include Nilangekar as an [...]

CBI files four new chargesheets in Vyapam scam

New Delhi: The CBI on Friday filed four chargesheets in connection with the Vyapam scam.
The CBI has filed chargesheet against people who have been identified as Dinesh Tyagi, Somesh Tomar, Sushil Kumar and Varun Sharma.
It is reported that Tyagi had hired a man, who on his behalf, gave written examination for recruitment of police constable in Muraina [...]

HC seeks whistleblower reply on CBI plea

Delhi High Court on 17Th June  sought the response of a whistleblower in the Vyapam recruitment scam on CBI’s plea to provide it copies of documents and a pen-drive which were sent to a forensic lab to examine their veracity and whether there has been any tampering of evidence as alleged by him.
Justice PS Teji [...]

CBI finds no evidence of ‘political conspiracy’ or ‘organized crime’.

In a breather for Madhya Pradesh Chief Minister Shivraj Singh Chouhan, the Central Bureau of Investigation (CBI) is reported to have found no conclusive proof of any “political conspiracy” or existence of any “organized syndicate” behind the Vyapam scam.
The case surrounds corruption in admission and recruitment of candidates in the state by the Madhya Pradesh [...]

31 athletes could miss Rio Olympics after Beijing samples retested

In a major doping crackdown STRETCHING back eight years, 31 athletes in six sports were caught in retesting of samples from the 2008 Beijing Olympics and other positive cases could emerge from the 2012 London Games, the IOC said .
The International Olympic Committee opened disciplinary proceedings against the 31 unidentified athletes from 12 countries who [...]

Implications of retests

The IOC has said athletes’ “B” samples would be retested in early June. A formal positive case is not declared until the “B” sample confirms the original finding.
Chicherova won the high jump bronze medal in Beijing, clearing a personal best 2.03 meters to finish behind winner Tia Hellebaut of Belgium and Blanka Vlasic of Croatia. Another Russian, [...]

Doping samples from the 2012 London Olympics

The first athlete from the group of 31 Olympians who were caught doping after retests has been revealed.
Reigning Olympic high jump champion Anna Chicherova is the first athlete publicly named from the group after doping samples came back positive inthe Russian athlete’s coach said Tuesday.
Coach Yevgeny Zagorulko told Russian state  retests from the 2008 Beijing Games,  news [...]

IOC says 23 positives in retests of samples from London Olympics

Nearly two dozen athletes tested positive in reanalysis of their doping samples from the 2012 London Olympics, adding to the more than 30 already caught in retesting from the 2008 Beijing Games.
The International Olympic Committee said Friday that 23 athletes from five sports and six countries had positive findings in retests with improved techniques on [...]

Canadian Olympian’s wife caught in latest Russian doping scandal

Canadian Olympic athlete Dylan Armstrong responded to the news that his wife, Russian Olympian Evgeniia Kolodko, has reportedly tested positive for doping.
Russia’s public sports channel Match TV reports that 2012 shot put silver medallist Kolodko, 25, and hammer throw gold medallist Tatyana Beloborodova tested positive for prohibited substances from their A samples.
Under the rules of [...]

Rail Neer Scam: Court Grants Bail to Senior Railways Official

Indian Railway Traffic Service (IRTS) officer Sandeep Silas, arrested along with two others in connection with alleged corruption in supply of packaged drinking water in Rajdhani and other superfast trains, was today granted bail by a Delhi court.
Special Judge Vinod Kumar granted the relief to Mr Silas, a 1984-batch IRTS officer, on a personal bond [...]

Railway Bribery Scam: Court Allows CBI’s Plea To Place CDs On Record

A Delhi court has chided the Central Bureau of Investigation (CBI) for “negligence” in delaying submission of two CDs containing purported telephonic conversations intercepted during its probe in a cash-for-post railway bribery case, allegedly involving former Railway Minister Pawan Kumar Bansal’s nephew Vijay Singla and others.
However, Special Judge Gurdeep Singh allowed the CBI’s plea [...]

UNC academic scandal explained

The University of North Carolina at Chapel Hill is in the midst of an NCAA investigation into a system of fake classes taken by thousands of students, roughly half of them athletes, that spanned three decades.

Woman Charged Over $3.4 Million Australian ‘Handbag Spree’

Australian police have charged a 21-year-old woman with fraud after she allegedly spent US$3.4 million that her bank mistakenly gave her, with much of the money reportedly lavished on handbags.
The woman, named in Sydney media as Malaysian chemical engineering student Christine Jiaxin Lee, reportedly splashed out on luxury apartment rentals, designer bags and other high-end [...]

Former Argentine President Cristina Kirchner Charged With Fraud

Assets belonging to former Argentine president Cristina Kirchner were frozen on 14th May 2016 after she was charged with damaging national finances by manipulating the Central Bank’s exchange operations during her last months in office.
Federal Judge Claudio Bonadio said it was “evident that the then president gave instructions — which without a doubt were developed [...]

Syndicate Bank Posts Loss Of Rs 2,158 Crore In Q4

State-run Syndicate Bank Ltd reported a fourth quarter net loss of Rs 2,158 crore ($323 million) on sharply higher provisions and also due to a one-off charge on what the bank called a major fraud in three of its branches.
Syndicate Bank said it wrote off Rs 883 crore ($132.10 million) on account of a fraud, [...]

Main accused Ramesh Shivhare arrested by CBI, UP STF

The joint team of Central Bureau of Investigation (CBI) and UP Special Task Force (STF) on May 4 arrested Ramesh Shivhare alias Chandra, one of the main accused in the Madhya Pradesh Professional Examination Board (MPPEB) scam also known as Vyapam scam.
According to reports, Shivhare was wanted in seven cases related to Vyapam scam.
He was [...]

Several names were deleted from siezed documents to save guilty, says Digvijay Singh

Senior Congress leader Digvijay Singh on 22nd April alleged that the original documents seized by Special Task Force (STF) in connection to Vyapam scam were tampered with to save culprits.
Speaking to media at the CBI office in Bhopal, Singh said that several names were deleted from the files and fresh names were added in the [...]

Make Vyapam accused students, job seekers approvers: Digvijay SinghMake Vyapam accused students, job seekers approvers: Digvijay Singh

Students and job applicants who were cheated by those involved in the Vyapam scam should be made approvers in the case by CBI, Congress leader Digvijay Singh on 22nd April demanded and accused the Madhya Pradesh government-appointed STF of “muddling” the probe earlier.
He accused the BJP government of trying to shield the actual offenders in [...]

CBI questions ex-minister Laxmikant Sharma, ex-OSD of MP Governor

Bhopal: Taking its probe in the Vyapam scam further, the Central Bureau of Investigation (CBI) has questioned former Madhya Pradesh education minister Laxmikant Sharma and ex-OSD of MP governor Dhanraj Yadav.
Sharma was expelled from the BJP in June 2014 after he was arrested by the probe into the test-rigging scam.
He was among the among the [...]

Tamil Nadu Elections: Smriti Irani Terms Congress-DMK Alliance As Unholy

Union Minister Smriti Irani on 13th May described the Congress-DMK alliance for the May 16 Assembly polls in Tamil Nadu as an “unholy” one while bringing up the 2G spectrum allocation scam.
“When we look at the unholy Congress-DMK alliance what we find is when people of this country speak about Congress and [...]

The History of Telecom Spectrum in India: The 900MHz Auctions

Sharpening her attack against DMK, Tamil Nadu Chief Minister and AIADMK chief Jayalalithaa on 10th May slammed it for being allegedly involved in “Himalayan corruption” in 2G scam and termed the DMK-Congress alliance, a “coalition of loot.”
“DMK-Congress alliance means it is a coalition of loot. The alliance was punished (in earlier elections) [...]

French Ex-Budget Minister On Trial For Tax Fraud

Former French budget minister Jerome Cahuzac, who resigned in disgrace in 2013 after admitting to having a secret Swiss bank account, goes on trial on February 8 for tax fraud.
The 63-year-old faces up to seven years in jail and two million euros ($2.2 million) in fines if found guilty of stashing offshore [...]

China’s Citic Bank Defrauded of Up To $148 Million

Mid-sized Chinese lender Citic Bank has been defrauded of up to $148 million, the company and media reports said, the second such incident in the industry to come to light in a week.
China Citic Bank Corp. said it was involved in a “risk incident” at its branch in the northwestern city of Lanzhou and [...]

Bank Manager Allegedly ‘Hypnotised’ Into Parting With Rs. 93,000

In a bizarre case of fraud, the police are on a manhunt for a conman with powers of hypnosis after a bank manager claimed he was bewitched into parting with Rs. 93,000. Although he handed over the money to the man himself, he told the police that he had no conrol over [...]

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