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Mayor arrested in Venice flood barrier fraud probe

Last Updated: Wednesday, June 04, 2014, 18:48

Italy`s financial police today placed the mayor of Venice under house arrest in a sweeping corruption investigation into a multi-billion-euro flood barrier project to save the island city from rising sea levels.

Former bank manager, assistant held for Rs 34 crore fraud

Last Updated: Tuesday, June 03, 2014, 04:22

A former South Indian Bank manager and his assistant have been arrested for their alleged involvement in a Rs 34 crore fraud case two years ago.

IBM patents technique to detect fraud

Last Updated: Sunday, June 01, 2014, 19:24

IBM has reportedly patented a technique that analyses click patterns of users to detect fraud online.

QNET files appeal against Magistrate`s order blocking websites

Last Updated: Thursday, May 29, 2014, 19:14

Hong Kong-based multi-level marketing company QNET, allegedly involved in Rs 425-crore financial fraud, today filed an appeal in a sessions court here challenging a lower court order which had blocked its websites.

US sentencing for fraudulent wine dealer postponed again

Last Updated: Thursday, May 29, 2014, 03:55

Sentencing for disgraced wine dealer Rudy Kurniawan, who was found guilty of fraud for manufacturing fake vintages, has been postponed to July, a US federal court said Wednesday.

US prosecutors drop two more charges against Rajaratnam`s brother

Last Updated: Saturday, May 17, 2014, 05:17

US prosecutors have dropped two insider trading-related charges against former Galleon Group hedge fund portfolio manager Rengan Rajaratnam, the second time in two weeks the government has whittled down its case against him.

Kingpin of bank fraud case arrested in Odisha

Last Updated: Thursday, May 15, 2014, 13:17

The alleged mastermind of a bank fraud case involving fake land documents used for getting loans at Digaphandi in Odisha`s Ganjam district area has been arrested, police said Thursday.

Spain arrests 740 in crackdown on social security fraud

Last Updated: Thursday, May 15, 2014, 03:47

The Spanish National Police Force Wednesday announced that they have arrested 740 people and cited a further 1,241 to appear in court for defrauding 20.5 million euros (or $28.11 million) from the public treasury.

Fraud probe may delay Afghan election results: Officials

Last Updated: Wednesday, May 14, 2014, 15:48

Afghanistan`s presidential election results are due out Wednesday, but could be delayed as authorities overseeing the country`s first democratic transfer of power wade through fraud complaints after last month`s first-round vote.

Swisspartners pays $4.4 mn to avoid US tax fraud charges

Last Updated: Saturday, May 10, 2014, 21:20

The agreement is part of a US push to find tax dodgers and punish the banks that help them.

Berlusconi begins community service for tax fraud

Last Updated: Friday, May 09, 2014, 13:43

Italy`s three-time former prime minister Silvio Berlusconi on Friday arrived at a hospice for Alzheimer`s patients near Milan to begin his year of community service following a conviction for tax fraud.

Italy`s Berlusconi in hot water again with judiciary

Last Updated: Wednesday, April 30, 2014, 02:56

Italy`s Silvio Berlusconi is in hot water with the justice system again after mocking the community service he has been ordered to do for tax fraud, media reports said Tuesday.