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Sri Lanka : New cabinet sworn in as Rajapaksa assumes charge as new Prime Minister

Rajapakse has retained the finance portfolio while Sarath Amunguma has been appointed new foreign minister. Several ministers supporting President in the earlier cabinet have retained their portfolios. However, ousted PM Ranil Wickremesinghe has demanded immediate convening of Parliament claiming he has the majority support.  Wickremesinghe called on their supporters to …

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Nirav Modi, bank’s ex-chief among 22 named in CBI charge sheet

These fraudulent guarantees enabled Nirav Modi to secure loans from overseas banks which he siphoned off, the CBI alleged. The scam pertains to the alleged issuance of fraudulent Letters of Undertakings of more than USD 2 billion to companies of Modi and his uncle Mehul Choksi by the Punjab National …

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