-The Indian Express With the CBI making its first arrests in the Ishrat Jahan case, Ujjwala Nayudu and Rahul Tripathi look at past investigations, all of which have punctured holes in the Gujarat Police’s encounter theory When were Ishrat Jahan and three others killed? Was it in a police encounter on June 15, 2004, as the Gujarat Police’s records show, or a day earlier, on the evening of June 14, as subsequent...

-The Indian Express Contrary to the perception that Money laundering is widespread across the country's banking sector, the Financial Intelligence Unit (FIU) has found an average of only about 700 cases annually over the last four years on which investigations could be initiated. The FIU is the national agency responsible for tracking information related to suspect financial transactions. Finance ministry data shows that during the last four years, banks and other entities have...

-PTI ICICI Bank on Friday suspended 18 employees pending investigation, sources in the bank said, a day after an independent journalist accused it and two other private banks of Money-laundering practices. The suspension is pending the bank’s investigation into Money laundering charges, sources in ICICI told PTI. The probe is expected to be completed in two weeks. Country’s three largest private banks, including the ICICI Bank, were on Thursday accused of indulging in...

-The Hindu ‘Need for effective time-bound grievance redressal mechanism to deal with violations that are happening on the ground’ A study on implementation of the Right to Education Act in Delhi in three years of its existence has revealed “overwhelming violations’’ of the norms on the ground. The study by NGO Josh, with support of VSO India, has noted that while “73 per cent of the schools had contract teachers’’, in 99 per...

-The Times of India An undercover sting investigation across India has shown up startling videos of bank executives of three leading private banks - HDFC, ICICI and Axis - providing ready assistance to a reporter, posing as a minister's aide, for laundering black Money into white through the banking system in clear contravention of banking norms and laws. Shaken by the disclosure, the three banks asserted that they were committed to transparent...