China reveals misuse of $2.7 billion in lottery funds

Last Updated: Thursday, June 25, 2015, 16:13

China has uncovered widespread misappropriation of 16.9 billion yuan ($2.72 billion) of funds from its state lottery programme, underscoring the extent of official corruption as the country tries to root out graft.

RBI to bring out Charter on consumer rights

Last Updated: Friday, December 5, 2014, 15:55

The RBI is working towards bringing out a charter on consumer rights to curb instances of ponzi and online lottery schemes, a senior Bank official said here on Friday.

Scamsters posing as RBI chief Raghuram Rajan to lure people

Last Updated: Thursday, December 4, 2014, 18:30

Taking bank lottery scam to a new level, scamsters are using the name and picture of RBI chief Raghuram Rajan to lure gullible people into making a cash deposit of Rs 15,500 to get a winning amount of Rs 5.50 crore.

Kerala launches lottery to help poor girls` wedding

Last Updated: Thursday, January 2, 2014, 12:17

The Kerala government has decided to launch a weekly lottery to mobilise funds for providing financial support for wedding of girls from poor families.

Merry Christmas! Two winning tickets announced in $636 million US lottery

Last Updated: Wednesday, December 18, 2013, 16:22

Who needs Santa Claus when you hold one of two winning tickets announced in the $636 million Mega Millions lottery in the United States?

US Mega Millions lottery up to $344 million, fourth biggest in its history

Last Updated: Wednesday, December 11, 2013, 14:42

The winning numbers have been drawn for the fourth-largest jackpot in the history of the Mega Millions lottery that is played in the majority of US states but it is not yet known if a matching ticket was sold.

Meet the man who won multi-million dollar jackpot twice

Last Updated: Thursday, October 31, 2013, 13:34

They say, it`s better to be born lucky than rich. Scores of people buy lottery tickets on a routine basis, hoping to strike gold at least once in their lifetime, but most fail.