-PTI Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI Director said on Monday.  India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islands etc.  "It is estimated that around 500 billion dollars of illegal money belonging to Indians...

-The Times of India   The Supreme Court on Friday ruled that lodging under-trial accused in jailindefinitely will breach their fundamental right to life and ordered release of joint managing director of a big grain export firm on bail in a case of alleged defrauding of nationalized banks. Releasing Dipak S Mehta of Vishal Exports Overseas Ltd on bail similar to the apex court's earlier decision to grant bail to corporate bigwigs...

-The Economic Times   The Bombay High Court has ordered filmmaker Subhash Ghai to return to Maharashtra government 20-acres allotted for his film institute. The court indicted Union science and technology minister Vilasrao Deshmukh for "misusing his official position" as chief minister by showing "undue favours" to Ghai. However, the court said there was no need for a CBI probe into the land deal since there was no material to indicate that its...

SHEILA DEVI, 54, of Nangal Kalan village in Haryana’s Sonepat district cannot comprehend how Taneja Developers and Infrastructure Ltd (TDI) procured her two-acre plot in 2004, ‘signed’ with thumb impressions of her husband Narender Singh, who died in 2002 and his brother Bhupender, who went missing the next year. The documents are obviously forged. But how did a farmers’ family get cheated in Haryana, where the land acquisition policy formed in...

 The Supreme Court-appointed special investigation team (SIT) on Wednesday gave a clean chit to chief minister Narendra Modi over allegations of his involvement in the 2002 riots. In its final report submitted to the metropolitan court, the SIT has filed a closure summary against Modi and 62 others accused by Zakia Jafri, the widow of slain Congress MP Ehsan Jafri. The Supreme Court had asked the SIT to probe Jafri's allegation...