Category: Corruption

Nirav Modi arrested in London

Newsroom24x7 network London: India’s fugitive diamond merchant Nirav Modi was arrested after his bail plea was rejected by the Westminster magistrate’s Court today. Modi, who is wanted by India’s Enforcement Directorate (ED) in connection with a massive Rs. 14000-crore loan fraud connected with a Mumbai branch of Punjab National bank, was arrested from central London.

Continue reading

Haryana land acquisition scam: CBI registers case against Bhupinder Singh Hooda

Newsroom24x7 Network New Delhi: The Central Bureau of Investigation has registered a case U/s 120-B r/w 420 of IPC & 13(2) r/w 13(1)(d) of PC Act against Bhupinder Singh Hooda, former Chief Minister of Haryana, who was Minister in charge of Town & Country Planning; then Chief Administrator, HUDA/Director, Urban Estate, Town & Country Planning

Continue reading

CBI registers case against former MD & CEO OF ICICI Bank Chanda Kochhar & others

Newsroom24x7 Network New Delhi: The Central Bureau of Investigation has registered a case against the then MD & CEO of ICICI Bank; two Managing Directors of separate private companies based at Mumbai (Deepak Kochhar, Husband of Chanda Kochaar and Videocon group boss Venugopal Dhoot ; four Mumbai based private companies and other unknown private persons

Continue reading

Foreign Investment, Mauritius route and black money

Lalit Shastri Prime Minister Narendra Modi had promised during the 2014 election campaign that he would bring back the black money stashed abroad by Indian citzens after coming to power. The Modi led Government’s report card on this count draws a blank and people have started asking questions. A lot has already been analysed and

Continue reading

Former SP of Chandigarh will serve a 3-year jail sentence in a bribery case

Newsroom24x7 Network New Delhi: The Special Judge, CBI Cases, UT, Chandigarh on Friday (10 August 2018) sentenced Desh Raj, IPS, then SP (City), UT, Chandigarh to undergo three years Rigorous Imprisonment with fine of Rs. 100,000 in a bribery case. CBI had registered the bribery case on 18 October 2012 under Section 7 of Prevention

Continue reading

Bribery and smuggling of goods: CBI arrests Assistant Commissioner of Customs, 18 others

Newsroom24x7 Network New Delhi: The Central Bureau of Investigation has arrested 19 accused (6 Customs officials & 13 others) including an Assistant Commissioner, Superintendents, Inspectors, private persons(including Sri Lankan Nationals) in a case related to alleged bribery and smuggling of goods. Searches were conducted at various places including residences of public servants and others at

Continue reading

Rafale Jets: Rahul in no mood to pull his punches

Newsroom24x7 Network New Delhi: Congress President Rahul Gandhi has decided that he would pull no punches on Rafale jets, India is buying. Gandhi tweeted this afternoon (28 July 2018) that over the next 50 years, Indian Tax Payers will pay Rs. 100,000 Cr to “Mr 56’s friend’s JV”, to maintain 36 Rafale jets being acquired for

Continue reading

Poor cement quality, crumbling structures and bad roads

Lalit Shastri   Some unscrupulous elements, are illegally mixing cement with fly ash, raising its proportion to even 60%. This is being sold to the consumers in the name of good quality branded cement.   After last week’s twin-building collapse in greater Noida, the Uttar Pradesh Government followed the thumb rule and was quick in

Continue reading

Allegations against ICICI Bank pose reputational risks

ewsroom24x7 Network Mumbai/Singapore: An investigation into allegations that India’s ICICI Bank (BBB-/Stable/bbb-) extended a loan with a potential conflict of interest raises questions over the bank’s governance and creates reputational risks, says Fitch Ratings. According to Fitch, other regulatory sanctions are also possible, depending on the outcome of the investigation. The allegation regarding ICICI Bank

Continue reading

19 sentenced in fodder scam case, Lalu gets 14 years in jail

Newsroom24x7 Network Ranchi: The Special Judge Ranchi today sentenced  RJD chief and former Bihar Chief Minister Lalu Prasad Yadav 14 years in jail along with 18 other accused in the fodder scam case. Lalu has got two sentences of 7 years each under different sections of IPC and the Prevention of Corruption Act.Both these sentences

Continue reading

Punjab National Bank Chief Vigilance Officer was awarded for excellence by CVC

Newsroom24x7 Network New Delhi: The Rs 11000 crore scam tainted Punjab National Bank Chief Vigilance Officer S.K.Nagpal received  the Chief Vigilance Commissioner’s Award for ‘Outstanding’  achievement  in  “Timely  Completion  of  Disciplinary  Proceedings” in 2007. The award  was  given  to  Nagpal, who took the credit for  completing  92%  of the  total  disciplinary  proceedings  within  the  prescribed 

Continue reading

PNB and Foreign Letters of Credit scam: CBI registers case

Newsroom24x7 Network Mumbai: The Central Bureau of Investigation has registered a case on 15 February 2018 under section 120B read with 420 of IPC and 13(2) read with 13(1)(d) of Prevention of Corruption Act against a Managing Director of a private company based at Walkeshwar, Mumbai; three Mumbai based private companies; 10 Directors of three

Continue reading

Raja, Kanimozhi and others acquitted in 2G scam case

Newsroom24x7 Network New Delhi: What is being described by different sections of people as a scathing censure of the CBI is the verdict of the Special CBI Court acquitting former Union telecom minister A Raja and M Kanimozhi of the DMK, who were among 17 people charged and tried in the infamous 2G scam case.

Continue reading

VYAPAM and PMT-2012: CBI files chargesheet against 592; DME officers, Middlemen and top functionaries of 4 Private Medical Colleges of Bhopal and Indore among accused

Newsroom24x7 Network Bhopal: The Central Bureau of Investigation on Thursday (23 November 2017) filed a chargesheet in the Designated Court here against 592 accused persons including 4 Vyapam officials; 3 racketeers; 22 middlemen; 334 Solvers and Beneficiary candidates; 155 guardians of Beneficiary candidates; 46 Invigilators; 2 former officers of the Department of Medical Education, Madhya

Continue reading
No comments