-Tehelka The sentencing of Wall Street wizard Rajat Gupta in the historic insider trading case has led to the fall of a one-time icon for many Indians “This is where destiny is taking me.” This is what former Goldman Sachs Group Inc director, Rajat Gupta, told old friend Pramod Bhasin, as he sat with a glass of scotch in hand, in a mid-town bar in New York. Little did Gupta know how prophetic...
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Indian firms reap bitter harvest in Africa -Aman Sethi
-The Hindu Have Emami and Karuturi bitten off more than they can chew in their land quest? Indian companies which invested in controversial deals involving hundreds of thousands of acres of land in Ethiopia have found themselves out of their depth in a fast-growing African economy that is still in the process of building critical transport and irrigation networks. Documents related to one such transaction reveal how Emami Biotech, a subsidiary of the...
More »Private hospitals perform fake surgeries to claim thousands in insurance cover -Dheeraj Tiwari
-The Economic Times Nazia is 10 years old. But, according to a claim filed by Chhattisgarh-based Shaheed Hospital with the Rashtriya Swasthya Bima Yojna (RSBY), she has delivered a baby after a caesarean operation. Mukul (name changed) is only 7. But Agarwal Hospital, Raipur, has made a claim for removing cataract from his eyes. A large number of similar implausible claims, being made by private hospitals enrolled to treat poor patients under...
More »Funds flow via maze into Gadkari firms -Josy Joseph
-The Times of India The questions over the source of funds to Nitin Gadkari's Purti Power and Sugar Ltd have deepened, with investigations revealing that money flowed in from a multi-layered maze of companies registered all over India. A TOI report on Tuesday had mentioned some two dozen companies, many with unverifiable addresses, whose directors included Gadkari's driver and astrologer. A closer look at the documents filed with the Registrar of Companies reveals...
More »Drivers are directors in netas’ firms -Prafulla Marapakwar
-The Times of India MUMBAI: Manohar Panse, the driver of BJP president Nitin Gadkari, who was found to be a director on several of Gadkari's companies, is not alone. Peons, clerks and drivers of leading politicians have become overnight millionaires or secured key assignments in the institutions set up by their employers. TOI was the first to break the story about Panse being a director in five of Gadkari's Purti Power and...
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