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India: PNB uncovers more fraud at troubled Mumbai branch

PunjabNationalBank(PNB)hasuncoveredmoresuspectedcreditguaranteefraudwithintheMumbaibranchatthecentreofasimilarallegedscamworthover$2billion,accordingtoacomplain

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Top Indian private banks under scanner in bank fraud probe

India'sbiggest-everbankfraudof1.8billionU.S.dollarsisgettingmurkierwitheachpassingday.Afterthestate-ownedPunjabNationalBank,whichistheepicentreofthefraud,twooft

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India: CBI arrests four more in $2 billion PNB probe

TheCentralBureauofInvestigations(CBI)hasmadefourmorearrestsinthe$2billionfraudcaseinvolvingstatelenderPunjabNationalBank(PNB),wideningtheinvestigationofthebigge

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India: RBI orders changes to bank protocols after $1.8 bln fraud case

India’scentralbankhastoldlenderstolinktheirinternalsoftwarewiththeSWIFTinterbankmessagingsystembytheendofApril,andtoalterarangeofotherprotocolswithimmediateeffe

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India: SEBI bars Price Waterhouse from auditing listed firms for 2 years

TheSecuritiesandExchangeBoardofIndia(SEBI)lateonWednesdaybarredPriceWaterhousefromauditinglistedcompaniesinthecountryfortwoyears,afteraprobeintoanearlydecade-ol

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Overseas Chinese urged to stay alert against dubious phone calls, emails

ChinaonWednesdayissuedanalertagainstawidespreadtelecomscam,urgingoverseascitizenstostayalertagainstdubiousphonecallsandemails.Accordingtoreports,callerspretendi

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Trump dissolves election fraud panel after states balk at data requests

PresidentDonaldTrumponWednesdayshutdownapresidentialcommissionchargedwithlookingintoallegationsofelectoralfraudduringthe2016election,aftermanystatesrefusedtopro

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