| CBI arrests one more in Satyam fraud case | 22-NOV-09 |
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| The Central Bureau of Investigation (CBI), which is investigating the Satyam Computers accounting fraud case, has arrested the Hyderabad-based company’s former global head of internal audit, Prabhakar Gupta. |
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| CBI files memo in Satyam case | 18-NOV-09 |
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| The Central Bureau of Investigation (CBI), which is investigating into the Satyam case, has filed a memo in Nampally court today for hearing the charges against nine accused in the case. |
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| Satyam gets refund notices from 37 firms | 18-NOV-09 |
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| Satyam Computer Services (rebranded Mahindra Satyam) has received legal notices from 37 companies claiming a refund of $265 million (approximately Rs 1,230 crore), allegedly given as temporary advance. |
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| Andhra seeks CBI probe into Obulapuram Mining | 18-NOV-09 |
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| The Andhra Pradesh government has decided to ask the Union government to order an inquiry by the Central Bureau Investigation (CBI) into the alleged illegal mining of iron ore by Obulapuram Mining Company (OMC) in the Bellary reserve forest of Anantapur district. |
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| Auction those mines | 17-NOV-09 |
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| Whether or not you believe the numbers put out by the Central Bureau of Investigation (CBI) on former Jharkhand Chief Minister Madhu Koda’s wealth, there is little doubt that the mining lobby has gained enormous financial clout and, through it, political power. If in doubt, look at recent events in Karnataka, where the mining lobby has humbled the sitting chief minister. It is obvious that the miners’ power flows from the enormous rents that they control once mining rights/licences are handed out to them. Since getting or not getting a lease is the difference between large sums of money and none, it is hardly surprising that these lobbies are liberal when it comes to handing out money to ensure that the present rules continue. That might explain why the government does not take the obvious step of auctioning mineral fields, in preference to the arbitrary selection process that exists today. An auction system will bring transparency into the system. |
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| Govt asks SFIO to commence prosecution proceedings | 14-NOV-09 |
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| The government today asked the Serious Fraud Investigation Office (SFIO) to initiate prosecution proceedings against persons involved in the Satyam accounting fraud and partners of Price Waterhouse, the auditors of the IT company. |
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| SEC shares info with CBI on scam probe | 13-NOV-09 |
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| A three-member team of United States Securities and Exchange Commission (SEC) exchanged information with CBI, which is probing the multi-crore accounting scam at Satyam Computers here. |
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| SEC shares info with CBI on Satyam scam probe | 12-NOV-09 |
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| A three-member team of United States Securities and Exchange Commission (SEC), America's federal agency to regulate the securities industry in that country, exchanged information with the CBI probing into the multi-crore accounting scam at Satyam Computer here. |
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| CBI files memo in Satyam case | 12-NOV-09 |
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| The Central Bureau of Investigation (CBI) has filed a memo in a local court seeking its permission to hear the charges against the accused in the multi-crore accounting fraud case in Satyam Computer, on the basis of material it provided in the first charge sheet. |
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| RBI says banks didn't follow rules | 12-NOV-09 |
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| The Reserve Bank of India (RBI) has pointed out serious lapses in the way banks sold derivative products in 2007 and 2008. This is part of RBI’s reply to a questionnaire sent by the Central Bureau of Investigation (CBI). The Orissa High Court had last year asked the CBI and the Enforcement Directorate to submit a report on the derivative losses incurred by the industry last year. |
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| Kargil scam: CBI files fresh status report in SC | 06-NOV-09 |
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| CBI has filed a fresh status report before the Supreme Court into alleged irregularities in defence deals, which caused a loss of around Rs 2,000 crore to the state exchequer, entered into in the wake of the 1999 Kargil conflict. |
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| CBI team back from Mauritius | 05-NOV-09 |
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| Meanwhile, a second chargesheet in the multi-crore Satyam scam will be filed soon, as the CBI team probing the case has returned from Mauritius with some bank details from the island nation. |
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| This number does not exist | 05-NOV-09 |
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| It’s a sign of the changing power equations in the telecom ministry after the CBI raids on it and the investigations into the allotment of spectrum to a handful of firms — Communications Minister A Raja’s Private Secretary R K Chandolia’s name no longer figures in the list on the ministry’s website. Till a few weeks ago, if you logged on to the ministry’s website and clicked on ‘contacts’, you’d find Chandolia’s name against the designation ‘PS’. Of late, however, there are no names/numbers in this slot. |
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| CBI likely to seek govt nod for Sibal probe | 05-NOV-09 |
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| Accusing V K Sibal of having a ‘nexus’ with private parties when he headed the upstream oil regulator, the Directorate General of Hydrocarbons (DGH), the Central Bureau of Investigation (CBI) has decided to seek government permission to probe his actions. |
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