SFIO probing alleged irregularities at Reebok: Govt

Last Updated: Thursday, September 6, 2012, 19:32

The Serious Fraud Investigation Office has started a probe into alleged irregularities at sports wear maker Reebok India, Parliament was informed Thursday.

SFIO probing Reebok case; no arrest so far: Govt

Last Updated: Monday, August 27, 2012, 14:43

In May this year, Reebok India had filed an FIR, alleging that its former Managing Director Subhinder Singh Prem and Chief Operating Officer Vishnu Bhagat were involved in a Rs 870 crore fraud by indulging in "criminal conspiracy" and "fraudulent" practices over a period of time.

'HSBC could have laundered money for Mexican drug cartels'

Last Updated: Saturday, August 25, 2012, 13:57

US prosecutors, who have launched an investigation into the money transaction by some global banks, suspect HSBC could have laundered money for Mexican drug cartels and moved cash for Saudi Arabian banks with ties to terrorists.

Relief for Infosys as US court dismisses visa case

Last Updated: Tuesday, August 21, 2012, 10:25

A US court in Alabama has dismissed harassment charges filed against Infosys the major Indian IT company by one of its American employee.

Trial against Infosys in visa fraud case postponed to Sept 17

Last Updated: Thursday, August 16, 2012, 22:58

The trial in the alleged visa fraud case against software services major Infosys in the US has been postponed by almost a month to September 17.

HSBC says sorry, takes $700 mn hit for US fraud

Last Updated: Monday, July 30, 2012, 18:17

HSBC Monday said it has set aside USD 700 million for potential penal actions against the bank in the US, where it has found to have had inadequate safeguards against money laundering and terrorist financing activities.

Trial of visa fraud allegations case from Aug 20: Infosys

Last Updated: Wednesday, July 25, 2012, 16:26

Infosys on Wednesday said trial of a case related to visa fraud allegations levelled by its former employee Jack Palmer would start on August 20 in the US court, following failure of mediation process between the two parties.

NCC official arrested in fraud case

Last Updated: Sunday, July 22, 2012, 12:50

A head clerk of NCC Group Directorate was arrested for allegedly taking money from a youth on the pretext of recruiting his friend into the Army, a senior police official said.

GSK to settle healthcare fraud charges for $3 bn

Last Updated: Tuesday, July 3, 2012, 00:07

In the largest healthcare fraud settlement in US history, pharma giant GlaxoSmithKline has agreed to plead guilty to criminal charges that it unlawfully promoted certain prescription drugs and will pay USD 3 billion to resolve the allegations.

Peter Madoff pleads guilty in Ponzi case

Last Updated: Saturday, June 30, 2012, 12:08

Peter Madoff, younger brother of Bernard Madoff pleaded guilty to criminal charges that he helped in the multibillion-dollar Ponzi scheme, but denied knowing about the decades-long fraud.

Gurgaon Police forms special team to probe Reebok fraud case

Last Updated: Thursday, May 24, 2012, 00:17

The Gurgaon Police has formed a special investigation team to look into the alleged Rs 870- crore fraud case filed by Reebok India Co against its former MD Subhinder Singh Prem and COO Vishnu Bhagat.