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Thursday, November 26, 2020

Express investigation


The scholarship scam: To stem fraud, Centre sends list of dos, don'ts

November 25, 2020 9:05 pm

It asks states to "thoroughly investigate the matter and furnish a report to this Ministry” and says that “further longer term measures are also proposed to be taken in due course”.

Child rescue roadmap: keeping track of trafficking routes, school dropouts

October 14, 2020 7:38 am

Experts now warn that the next few months are crucial, and effective action could spell the difference between mitigation and a full-blown crisis.

FinCEN Files: 28 Indian banks asked if they alerted watchdog at home

October 09, 2020 7:35 am

Among banks which have the largest number of transactions under scrutiny are: State Bank of India, HDFC Bank, ICICI Bank and IndusInd Bank.

FinCEN Files — Agusta, Maxis, Essar: probed at home, Indian firms on US radar as well

November 12, 2020 8:06 pm

Three SARs were raised by DBTCA and one by Standard Chartered Bank New York (SCB NY) between 2013 and 2016 against AgustaWestland, Finmeccanica (now Leonardo SpA) and other subsidiaries over 1,417 transactions ($889.6 million) during 2010-2015.

FinCEN Files: Before bankruptcy and probe, Bhushan Steel hit US radar for flows from Latvia, Dubai

September 24, 2020 7:10 am

These transactions, totalling $4.39 million, figure in several Suspicious Activity Reports (SARs) sent between 2012 and 2015 to the US regulatory agency that enforces money laundering laws, the records show.

FinCEN Files: 44 Indian banks, transactions of $1 billion, flagged to US regulator

September 24, 2020 2:25 pm

Records investigated show that Indian banks mentioned in the SARs include: state-owned Punjab National Bank (290 transactions); State Bank of India (102); Bank of Baroda (93); Union Bank of India (99) and Canara Bank (190), among others.

FinCEN Files: Wanted at home, Mumbai luxury car king flagged to US watchdog too

September 24, 2020 7:51 am

Due to “concerns of the heightened money laundering risk” associated with Vertu’s wire activities, Barclays Knightsbridge also filed its own SAR with its local regulator.

FinCEN Files — Antiques smuggler in Tamil Nadu jail, and a trade that flourished even after his arrest

September 23, 2020 4:37 pm

Transactions of $27.88 million were made between March 2010 and March 2017. The SAR noted: “Art is utilized as a money laundering vehicle and is a red flag which is commonly used to conceal cash.”

FinCEN Files — Cyprus to Isle of Man: Over 100 transactions linked to Max chairman

September 23, 2020 10:40 pm

In two SARs, the bank said that Singapore-based LGO Pte, a company where Analjit Singh is a director, which had an account with the bank, carried out transactions with “unknown entities, located in high-risk jurisdictions.”

FinCEN Files — Delhi, Dubai: US bank red-flags garment export firms under DRI, ED scanner

September 23, 2020 9:14 am

A money laundering probe against Fatta is also being monitored by the Supreme Court-appointed-Special Investigation Team (SIT) investigating black money stashed abroad.


How Johnson & Johnson pushed another 'faulty' hip implant in India

June 22, 2020 6:09 pm

What slipped under the radar is a story of how Johnson & Johnson used a loophole in US laws to push the product into the Indian market.

Implant files: Delhi's back alleys turn into operation theatres for breast implant surgeries

June 22, 2020 6:10 pm

No one is checking the implants for safety; technicians often double up as surgeons; shame and stigma prevent patients from reporting the gruesome aftermath of what has gone wrong, an investigation by The Indian Express has found.

The Indian Express with ICIJ | Implant files: Faulty implants and basement surgeries

June 22, 2020 6:10 pm

Implant files: An Indian Express investigation with ICIJ reveals how faulty implants and basement surgeries are putting lives at risk.