Category: Top News

Insight: Missed warnings – How watchdogs failed to spot $2 billion PNB fraud

NEW DELHI/MUMBAI – Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank’s Brady House branch in Mumbai. It was there, past the loan desk and up a flight of stairs, that the […]

RBI says had issued warnings on possible misuse of SWIFT system

open view web desk MUMBAI – The Reserve Bank of India on Tuesday said it had alerted unidentified banks about the need to prevent any “potential malicious use of the SWIFT infrastructure” at least three times since August 2016, but added lenders had not fully implemented all of […]

Billionaire jeweller Nirav Modi denies involvement in PNB fraud – lawyer

open view web desk NEW DELHI/MUMBAI- Indian billionaire jeweller Nirav Modi, one of the prime accused in the country’s largest ever bank fraud, denies allegations levelled against him by Punjab National Bank (PNB), his lawyer said on Tuesday. “There is nothing, there is nothing in it,” Vijay Aggarwal, […]

515 infiltration cases in J-K in 2017; 75 militants killed

open view web desk New Delhi, Feb 6: As many as 515 infiltration cases from across the border in Jammu and Kashmir have been reported in 2017 in which 75 militants were killed, the Lok Sabha was informed today. Union Minister of State for Home Kiren Rijiju said that […]

Pak court rejects Sharif’s objections to supplementary case in Panama Papers scandal

open view web desk Islamabad, Jan 30: An accountability court in Pakistan today rejected ousted premier Nawaz Sharif’s objections to the supplementary case filed against him and his family by the country’s anti-graft body over properties in London. The court holding trial in graft cases against Sharif and his […]

Richest 1% Cornered 73% of Wealth Generated in India in 2017: Oxfam Survey

open view web desk The annual Oxfam survey revealed that 67 crore Indians comprising the population’s poorest half saw their wealth rise by just 1% in the last year. New Delhi: India’s riches 1% garnered as much as 73% of the total wealth generated in the country in 2017, according […]

Mallya extradition trial’s next hearing date remains uncertain

open view web desk London, Jan 22: The next submissions hearing in the extradition trial of Vijay Mallya over alleged fraud and money laundering amounting to Rs 9,000 crores remains uncertain as the lawyers are yet to agree on a mutually convenient date. Chief Magistrate Emma Arbuthnot was listed […]

Transport Minister Kailash Gahlot, Alka Lamba among 20 AAP MLAs disqualified in ‘office of profit’case

open view web desk New Delhi, Jan 21: Delhi Transport Minister and Najafgarh MLA, Kailash Gahlot and Chandni Chowk MLA Alka Lamba are among the high profile names featuring in the list of 20 Aam Aadmi Party (AAP) legislators who were disqualified in office-of-profit case. The other big […]

No one can touch a woman without her consent: Delhi court

Additional Sessions Judge Seema Maini awarded rigorous imprisonment to Uttar Pradesh resident Chavi Ram, who had inappropriately touched the minor at a crowded market in north Delhi’s Mukherjee Nagar in 2014. open view web desk New Delhi, Jan 21: No one can touch a woman without her consent, a […]

India, Pakistan summon each other’s envoys over ceasefire violations

open view web desk NEW DELHI/ISLAMABAD- India and Pakistan summoned each other’s envoys on Friday, with the nuclear-armed neighbours accusing one another of violating a military ceasefire in the disputed Kashmir region and killing civilians in cross-border firing. India called in Pakistan’s deputy high commissioner saying its soldiers […]

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