CIT Group still in talks with regulators on ways to improve its near-term liquidityJuly 13th, 2009 CIT Group still in talks with regulatorsNEW YORK — Diversified lender CIT Group Inc. said it is still in talks with regulators on ways to improve its near-term liquidity as recent losses may jeopardize its compliance with capital requirements.
Phones outnumber radios among poor in South AsiaJuly 5th, 2009 PENANG - Phones are catching up with TVs, and the number of phones being used by 'bottom of the pyramid' households have already outpaced the number of radios and computers in South Asia, researchers have said. LIRNEasia, a Sri Lanka-based Asia-Pacific information and communication technology (ICT) policy and regulation capacity-building organisation, said in India a hundred bottom of the pyramid (BOP) households now had 50 TVs, 38 phones, 28 radios and one computer.
Indian documents in black money case forged: Swiss governmentMay 11th, 2009 NEW DELHI - In a major embarrassment for the Indian government, the Swiss Justice Department Monday said it had received forged documents from New Delhi two years ago in connection with an alleged Rs.40,000 crore ($8 billion) money laundering case involving racehorse breeder Hassan Ali. 'The documents submitted are forged,' Folco Galli, a spokesperson for the Swiss government, told a private Indian TV channel Monday.
US regulators warn Procter & Gamble plant over unsanitary conditions at Puerto Rico plantMay 5th, 2009 US warns P&G over problems at Puerto Rico plantSAN JUAN, Puerto Rico — U.S. regulators warned Procter & Gamble Co.
Harrison forged Beatles bandmates' signatures for a fanMay 3rd, 2009 LONDON - Late Beatle George Harrison reportedly forged all the bandmates' autographs to fulfil a dying fan's wish. Harrison faked signatures of fellow bandmates John Lenon, Paul McCartney and Ringo Starr on two photos sent to leukaemia victim Ann Bartlett in the 1960s, as he could not get all the signatures in time and so copied them himself, it is thought, thesun.co.uk reports.
Former US embassy employee held for cheatingMay 2nd, 2009 NEW DELHI - A former employee of the US embassy here has been arrested for duping people by promising them jobs with the mission with forged appointment letters, police said. Somya Ranjan Dass was arrested Friday after Arvind Kumar complained to police that Dass had assured him of a job in the embassy but was only cheating him since July 2006, police said.
Federal magistrate says Calif. financier Danny Pang can be released on $1 million bailApril 30th, 2009 Calif financier Pang granted $1 million bailSANTA ANA, Calif. — A federal magistrate has ruled that California-based financier Danny Pang can be released on $1 million bail following his arrest on a complaint alleging he evaded currency reporting laws.
One arrested for submitting forged draft, two on runMarch 27th, 2009 CHENNAI - Police in Chennai arrested one of the three men who submitted forged demand drafts of Rs.132.5 million (Rs 13.25 crore) each in a property auction here Friday, while a search is on for the other two. According to the police officials, N.A.Sharif and Mohammed Hussain Ansari, both from Mumbai, and K.Rajasekharan from Bangalore had participated in a property auction held under the supervision of the Madras High Court.
28 jailed in Beijing investment scamMarch 23rd, 2009 BEIJING - Twenty-eight people were jailed Monday by a Beijing court that found them guilty of running an investment scam that defrauded over 22,000 investors. The accused, who all worked for the Yilin Wood Company, were alleged to have defrauded more than 22,000 investors of 1.68 billion yuan ($246 million) by promising high returns on sales of forestry plantations.
Gymnastics world body chief suspects cheating by ChinaMarch 3rd, 2009 BERLIN - The president of the world body of gymnastics (FIG) Bruno Grandi has said there were believable indications that China had cheated over the age of some of their gymnasts at the Beijing Olympics last year. 'There were strong indications, but I did not handle the investigation.
Ancient statue discovered in pyramid during cleaningFebruary 25th, 2009 CAIRO - Egyptian archaeologists have discovered a 4,000-year-old statue as they carried out routine cleaning work at one of the Giza pyramids. The 149-centimetre-long statue was found Tuesday buried just 40 centimetres below the surface of the sand in the northern part of the King Men-Kau-Re's pyramid (2551-2523 BC).
Sinosteel gets land in West Bengal for steel rolls unitJanuary 20th, 2009 KOLKATA - Chinese steel major Sinosteel has got land in Haldia in West Bengal for its cold forged steel rolls manufacturing unit, a top official said here Wednesday. 'We will take another one year for the commissioning of the project.
Pyramid Saimira chairman's stakes go down to 17 percentJanuary 11th, 2009 CHENNAI - The key promoter of city-based entertainment company Pyramid Saimira Theatre Limited, P.S. Saminathan has reduced his stake in the company by six percent to 17.989 percent.
I had better offer to exit: Pyramid Saimira promoterDecember 23rd, 2008 CHENNAI - To emphasise that he has no wish to leave the company he heads, Pyramid Saimira Theatre chairman P.S. Saminathan Wednesday said he had a more 'attractive offer' for his holding even before receiving a fake directive to sell out.
Regulator to probe Pyramid Saimira mysteryDecember 22nd, 2008 CHENNAI - The Securities and Exchange Board of India (Sebi) will investigate the origin of the 'issue open offer' advisory, dated Dec 19, sent under its letterhead to Pyramid Saimira Theatre, the market regulator said Tuesday. It also categorically stated that it has not issued any letter to Pyramid Saimira chairman P.S.
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