sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« General »
 Government likely to withdraw tax notice on free banking services
 Senior Citizens Savings Scheme Rules, 2004
 How salaried individuals can avail full potential of I-T benefits
 The Central Board of Direct Taxes unveiled new Income Tax Return forms for assessment year 2018-19 on 5 April. Although the manner of filing returns remains the same as compared to last year, certain changes have been incorporated in the new ITR forms.
 Income Tax efiling: Must-do steps to file your IT return for FY 2017-18 on time till you get Form 16
 What are the tax filing deadlines for financial year 2017-18?
 How income tax department can penalise you for under-reporting, misreporting income
 Start your tax planning right now
 Government confident of meeting fiscal deficit, tax revenue targets
 Clarification with respect to the E-way Bill System
 Here is how you can save on taxes

Market regulator Sebi questiones Citibank's Shivraj Puri
January, 06th 2011

A series of developments unfolded in the Citibank fraud case on Wednesday, signalling more skeletons may tumble out of the cupboard. Even as Hero Corporate Service promoted by the New Delhi-based Hero group .sent two more accounts department officials on leave after an initial internal enquiry discovered their possible collusion with suspended former associate VP (accounts) Sanjay Gupta, market regulator Sebi questioned Citibank's Relationship Manager and mastermind in the fraud, Shivraj Puri .

Gurgaon police has ruled out the involvement of the Citibank's top brass including CEO Vikram Pandit and will demand extention of Shivraj Puri's remand in the session court, accroding to senior police officials.

At the same time, Sanjeev Aggarwal, co-founder of Helion venture Partners whose FIR named Citibank CEO Vikram Pandit, said it was a "systemic failure" and the chief executive cannot escape responsibility, according to agency reports.

"One person can't do this. It is a systemic failure and it runs through the organisation. You can't hold just one person responsible for it," Aggrawal, who is understood to have lost Rs 33 crore in the scam, said at a press conference in New Delhi, agencies reported on Wednesday. The action was taken on the two employees--Ganpat Singh and Gaurav Jain--after an initial enquiry, said a statement from the Hero group."

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions