In what the CBI says could be the “tip of an iceberg”, the agency has found at least 1,100 cases of allegedly Fraudulent refund checks issued by the Income Tax department that has resulted in the illegal withdrawal of more than Rs 6 crore over the last three months. The CBI has arrested two persons, including an accountant: Pankaj Kumar Gupta and Amit Kumar Sharma. Both, allegedly in league with IT...
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Govt plans to regulate pyramid marketing-Appu Esthose Suresh & Vidhi Choudhary
The Economic Intelligence Council will discuss the issue when it meets at the end of this month The government is likely to form a central agency to regulate so-called multi-level marketing (MLM) schemes after the Economic Intelligence Council found they had become a “preferred” mode of Fraud. In the wake of an increasing number of economic offences, the United Progressive Alliance government has also decided to set up a multidisciplinary school...
More »RTI exposes a dam that never was
-The Times of India LOHARDAGA: The Right to Information (RTI) Act has exposed a scam worth over Rs 32 lakh. The report received under RTI has been submitted as supportive evidence in the case that was lodged recently with the Senha police station (Case No. 13/12) under various sections of IPC for cheating the government and the public. The complainant, Ganesh Sahu, a social activist has accused three concerned engineers in the...
More »Appropriate action will be taken on highway scam after NHAI ascertain facts: CP Joshi
-The Economic Times At a time when the highway sector is showing signs of revival, a fresh controversy has come to haunt the road transport and highways ministry, with World Bank demanding a probe into "Fraudulent and corrupt" practices by Indian contractors working on highway projects funded by the Bank. World Bank's Institutional Integrity Unit has sent a detailed report to the Department of Economic Affairs under the finance ministry, which has...
More »CBI files first chargesheet in NRHM case
-The Hindustan Times The CBI filed the first chargesheet in the multi-crore National Rural Health Mission (NRHM) scam on Tuesday. According to the chargesheet, five former UP government officials — among others — have misappropriated Rs 13.4 crore, 68% of the NRHM funds meant to upgrade 134 district hospitals in Uttar Pradesh. The officials were working with the state Construction & Design Services (C&DS), a unit of the Uttar Pradesh Jal Nigam. Among...
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