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Trump Jr to wine and dine luxury flat buyers in India

Posted by on 19/02/2018
Filed under America, Subcontinent, Top Stories, World

Trump Jr to wine and dine luxury flat buyers in India

Trump Jr to wine and dine luxury flat buyers in India

NEW DELHI: Dozens of property investors and their families will be treated to dinner with Donald Trump Junior in Delhi this week after snapping up flats in a Trump Towers luxury development on the outskirts of the Indian capital. Trump’s local partners have promised dinner with the US president’s son to anyone who buys into […]

Hat-trick as Pakistan’s Imran Khan marries for the third time

Posted by on 19/02/2018
Filed under Cricket, Sports, Subcontinent, World

Hat-trick as Pakistan’s Imran Khan marries for the third time

Hat-trick as Pakistan’s Imran Khan marries for the third time

ISLAMABAD: Pakistani politician and former playboy cricketer Imran Khan has married a woman described as his spiritual adviser, party officials said, the third wedding for the World Cup champion once touted as Pakistan’s most eligible bachelor. Khan, 65, married Bushra Wattoo in a private ceremony attended by relatives and friends in the eastern city of […]

Punjab National Bank fraud points to Reserve Bank of India failure: Govt

Posted by on 19/02/2018
Filed under Business, Subcontinent, Top Stories, World

Punjab National Bank fraud points to Reserve Bank of India failure: Govt

Punjab National Bank fraud points to Reserve Bank of India failure: Govt

Investigators close bank branch at heart of $1.77bn scam MUMBAI/NEW DELHI: India’s government has said the $1.77 billion fraud at state-run Punjab National Bank was a “manifestation of supervisory failure” at the country’s central bank, local media reported yesterday. In a letter to the Reserve Bank of India (RBI), the government said the failure to […]

Canadian leader tours Taj Mahal

Posted by on 18/02/2018
Filed under Subcontinent, World

Canadian leader tours Taj Mahal

Canadian leader tours Taj Mahal

AGRA: Canadian Prime Minister Justin Trudeau yesterday toured the Taj Mahal with his wife and children as he began a week-long visit to promote trade and investment with India. Trudeau, his wife Sophie Gregoire and their three children posed for a family portrait before marvelling at the legendary marble monument frequently visited by foreign leaders […]

18 killed as massive explosion rocks Indian wedding; 5 hurt

Posted by on 18/02/2018
Filed under Subcontinent, Top Stories, World

18 killed as massive explosion rocks Indian wedding; 5 hurt

18 killed as massive explosion rocks Indian wedding; 5 hurt

Gas cylinder explodes at the hotel in the city of Beawar AJMER: Rescuers discovered nine more bodies yesterday beneath the ruins of a Indian hotel, bringing the known death toll from an explosion which tore through a wedding party to 18, an official said. A gas cylinder exploded late Friday at the hotel in the […]

$1.8bn Punjab National Bank fraud ripples through India’s banks

Posted by on 18/02/2018
Filed under Business, Subcontinent, World

$1.8bn Punjab National Bank fraud ripples through India’s banks

$1.8bn Punjab National Bank fraud ripples through India’s banks

NEW DELHI/MUMBAI: Close on the heels of the arrest of two employees of Punjab National Bank, the state-run lender that has been the victim of a $1.77 billion fraud, India’s Income Tax department warned in an internal note seen by Reuters that domestic banks could take a hit of more than $3 billion from loans […]

Pakistan child killer handed four death sentences

Posted by on 17/02/2018
Filed under Subcontinent, World

Pakistan child killer handed four death sentences

Pakistan child killer handed four death sentences

LAHORE: A Pakistani court yesterday handed four death sentences to a man charged with raping and murdering a six-year-old girl, in a case that shocked the country and sparked major riots in his home district. Imran Ali, 24, was on trial for killing Zainab Fatima Ameen in the eastern city of Kasur last month. He […]

Indian police arrest three in $1.8bn PNB fraud case

Posted by on 17/02/2018
Filed under Business, Subcontinent, World

Indian police arrest three in $1.8bn PNB fraud case

Indian police arrest three in $1.8bn PNB fraud case

NEW DELHI: India’s federal police arrested two employees at Punjab National Bank believed to be at the center of a staggering $1.77 billion fraud, a police source said yesterday, in the first arrests so far in the country’s biggest-ever bank scam. The arrests late on Friday come amid an intensifying probe involving various authorities after […]

Nepal gets new Communist PM after landmark polls

Posted by on 16/02/2018
Filed under Subcontinent, World

Nepal gets new Communist PM after landmark polls

Nepal gets new Communist PM after landmark polls

Oli to head 1st govt elected under new national constitution KATHMANDU:The leader of Nepal’s largest Communist party was named prime minister yesterday, two months after leading his party to a thumping victory in landmark elections billed as a turning point for the impoverished Himalayan nation. K P Sharma Oli will head the first government elected […]

Indian officials raid Nirav Modi’s offices

Posted by on 16/02/2018
Filed under Business, Subcontinent, World

Indian officials raid Nirav Modi’s offices

Indian officials raid Nirav Modi’s offices

PNB claims ability to recover from $1.77bn fraud MUMBAI/NEW DELHI: Indian investigators yesterday raided the premises of a billionaire jeweler accused of defrauding one of the country’s biggest banks. Enforcement Directorate (ED) officers searched the Mumbai offices of Nirav Modi after he was accused of cheating state-owned Punjab National Bank (PNB) of 2.8 billion rupees […]

How Indian lender fell victim to country’s biggest bank fraud

Posted by on 16/02/2018
Filed under Business, Subcontinent, Top Stories, World

How Indian lender fell victim to country’s biggest bank fraud

How Indian lender fell victim to country’s biggest bank fraud

MUMBAI: India’s Punjab National Bank , the second-biggest state-run lender, stunned the country’s financial sector when it announced this week it had discovered fraudulent transactions worth $1.77 billion at a single branch in Mumbai. The fraud, by far the biggest ever detected by an Indian bank, comes to light at a time when lenders – […]

Indian bank finds $1.8bn fraud at single branch

Posted by on 14/02/2018
Filed under Subcontinent, Top Stories, World

Indian bank finds $1.8bn fraud at single branch

Indian bank finds $1.8bn fraud at single branch

MUMBAI: India’s second-largest state-run bank said yesterday it had detected fraud of almost $1.8 billion at one of its branches, sending its shares plunging more than nine percent. The Punjab National Bank (PNB), one of several state-owned lenders the government is trying to clean up, said transactions worth $1.77 billion had been made “for the […]

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