Scandals Financial News

The Norwegian king’s eldest child, Princess Märtha Louise, will marry American self-professed shaman Durek Verret on Saturday in a picturesque corner of southern Norway.

A Swiss criminal court has convicted two top managers of a Saudi oil company facing charges including fraud and money laundering in a scam that swiped at least $1.8 billion from a Malaysian state-owned investment fund

royal family, including King Charles III, appears to have moved past the scandals involving Prince Harry and Meghan Markle and is now considering what lies ahead for the British monarchy. As per the latest report, the King, along with his spouse Queen Camilla and multiple notable members of the royal family, are presently at Balmoral Palace deliberating on the optimal course of action.

One of Chile’s most powerful lawyers has been ordered detained pending trial after being indicted on money laundering and tax fraud charges in a case that has rocked the country’s corporate and political elite

Central Bureau of Investigation has received sanction to prosecute Bhola Yadav, former officer on special duty (OSD) to former railway minister Lalu Prasad, for his alleged role in the land-for-jobs case. An intimation to this effect was given by CBI to a local court last week. As per available information, the competent authorities of Central Railway and Western Central Railway zone have accorded sanction to prosecute Bhola Yadav in the alleged scandal. The two sanctions were placed on record by CBI last week. The court was also informed that the CBI's request seeking sanction for prosecution against Lalu Prasad and 31 other public servants is «under consideration» of the competent authorities.

₹90,000 crore. To put that in perspective Vijay Mallya, who was accused of fraud and money laundering, owes Indian banks ₹9,000 crore. Another high-profile accused Jet Airways founder Naresh Goyal owes about ₹7,000 crore to various banks.

A pharmacist who worked at a Massachusetts lab has pleaded no contest to involuntary manslaughter in the deaths of 11 Michigan residents

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Fumio Kishida's decision to step down. The rebound came after the economy shrank 0.6 percent — adjusted upwards from an earlier figure of minus 0.7 percent — in the first quarter to March. The rise, due to increases in production along with capital and public investment, beat market expectations of a 0.6 percent expansion for the world's number four economy.

The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal

Poland has tightened its visa rules for international students. This action comes after Poland's «student visa scandal» that broke out in May. Poland's Foreign Minister, Radoslaw Sikorski, announced a significant change in the country's visa policy, declaring that student visas will no longer be issued to foreigners without high school diplomas. The decision aims to prevent misuse of student visas by individuals seeking to work in the European Union illegally. This move comes after a scandal exposed by the Polish daily Dziennik Gazeta Prawna revealed that some foreign nationals were obtaining student visas despite not meeting university admission requirements in their home countries. These individuals often failed to attend the universities they were registered at, instead using their student visas to work within the Schengen Area.

South Korean prosecutors have indicted a civil servant for allegedly stealing public funds to buy crypto.

the personal rebuttals from its chairperson, Madhabi Puri-Buch, and her spouse, Dhaval Buch, have sparked a political firestorm. The Opposition has linked the controversy to Parliament's abrupt adjournment on Friday, despite agendas being issued for Monday. Sebi claims Puri-Buch fulfilled all internal disclosure requirements and recused herself where necessary.

Union Minister Giriraj Singh on Monday said Hindenburg Research has defamed the country in alliance with Congress and the «strictest action» will be taken against the US short-seller. Hindenburg on Saturday launched a broadside against markets regulator Sebi chairperson Madhabi Buch, alleging she and her husband Dhaval had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal. The duo has denied the allegations as baseless and asserted their finances are an open book. The Adani Group termed the latest allegations malicious and based on manipulation of select public information. The company said it has no commercial relationship with the Sebi chairperson or her husband.

Toyota is promising to strengthen oversight of its vehicle certifications so the scandal that surfaced recently over improper tests will never recur

Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy criticizing the report's lack of substance, the Opposition has seized the opportunity to demand a Joint Parliamentary Committee (JPC) inquiry. Former Infosys CFO Mohandas Pai was among the first to respond to Hindenburg’s report. He labeled the allegations as “character assassination by a vulture fund,” criticizing the report for being sensationalist. Pai took to X (formerly Twitter) to denounce the claims, asserting that the report aimed only to create a scandal rather than present factual information. He also defended SEBI’s regulatory processes, highlighting that regulations are developed through open consultations and reflect a collective effort of market participants and regulators based on global standards.

India's former external affairs minister K Natwar Singh passed away late Saturday in Gurugram at the age of 93 after a prolonged illness. Singh, Congress veteran, was born in Bharatpur, Rajasthan in 1931. He was awarded the Padma Bhushan in 1984. Singh, who was the foreign minister in UPA-I and also served as India's Ambassador to Pakistan besides holding other senior diplomatic positions. Singh worked in former Indian Prime Minister Indira Gandhi's office from 1966 to 1971 as a civil services officer before joining the Congress in the 80s and becoming a minister in the Rajiv Gandhi Cabinet.

Hunter Schafer, who plays Jules in «Euphoria,» shared insights about the status of Season 3 on the Call Her Daddy podcast. The show faces delays and challenges following the loss of key team members.

A U.S. jury has convicted former Mozambican Finance Minister Manuel Chang in a bribe conspiracy case that welled up from from his country’s “tuna bond” scandal

Waqf Board on three ancient ASI-protected monuments in Burhanpur as Waqf property. A large number of properties in India have come under the Waqf claim over past decades, some of which that made it to the headlines were Mukesh Ambani's home, Antilia, in Mumbai, two islands in Bet Dwarka in Gujarat, properties of the ISB, Microsoft, Wipro and Lanco in Hyderabad, Kolkata's Tollygunge Club, Royal Calcutta Golf Club, ITC Windsor Hotel in Bengaluru and a whole village and a temple said to be 1,500 years old in Tamil Nadu. Also Read: Waqf (Amendment) Bill, 2024 moved in Lok Sabha The Waqf Board has been at the centre of several controversies, mostly due to its claims on lands, and many had demanded amendments to the law governing it. Bringing the spotlight on the controversial Waqf law, Union Minister of Minority Affairs Kiren Rijiju has moved Waqf (Amendment) Bill, 2024 in Lok Sabha today amid opposition by several opposition MPs