Check misuse of user-id, password: CVC to banks, insurance firms

Last Updated: Monday, August 3, 2015, 15:24

It was also noticed that the officers were not frequently changing their password. "

Bill to check ponzi schemes put on hold

Last Updated: Sunday, August 2, 2015, 14:46

A proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.

Financial frauds lethal parasites to economy: Jayant Sinha

Last Updated: Friday, July 17, 2015, 19:26

Terming financial sector frauds as "lethal parasite" to the economy, Union Minister Jayant Sinha on Friday asked banks to fast-track the process of reporting such instances to help the probe agencies crack these cases.

Frauds can't be wished away; banks among easy prey: RBI

Last Updated: Sunday, June 28, 2015, 16:15

"More often than not, the frauds lead to tighter regulations. These aim at bringing in both corrective and preventive measures," he said, while adding that banks must follow three KY Principles, Know its Customer, Know its Employee and Know its Partner, to check frauds.

Sebi bars HBJ Capital from acting as investment advisers

Last Updated: Tuesday, June 16, 2015, 18:29

The regulator said HBJ Capital Services and its promoters /directors have been acting as providing investment advisory services to their clients/investors without obtaining registration from Sebi to act as such and, thereby, have violated norms.

Logitech sets aside $3.25 mn to cover possible SEC penalty

Last Updated: Saturday, June 6, 2015, 21:13

The maker of computer accessories also said it would see an increase of $0.5 million in inventory and accrual for a balance sheet reclassification and a change of $0.3 million in deferred tax assets tied to these changes.

Panel suggests a new disclaimer for use in insurers' ads

Last Updated: Sunday, May 24, 2015, 11:55

The report has also recommended that there should be greater transparency and clarity to enable policy holders to understand the boundaries of coverage in their policies.

Indian among 3 charged with fraud in US

Last Updated: Friday, May 22, 2015, 10:58

The three were each charged with one count of conspiracy to commit wire fraud, which carries a maximum term of 20 years in prison.

Indian entrepreneur charged with fraud in US

Last Updated: Thursday, May 14, 2015, 12:58

The complaint alleges that Ahmed transferred approximately USD 27.5 million in illegal profits to accounts under his control at the expense of investors.

Satyam case: Ramalinga Raju, 9 others released from prison

Last Updated: Wednesday, May 13, 2015, 20:58

The Metropolitan Sessions Court, on May 11, suspended seven-year rigorous imprisonment awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.