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India probing Google, Yahoo for possible Forex Rule violation

Tue 14 Feb, 2012 The Indian government is investigating whether the local units of U.S. Internet giants Google Inc. and Yahoo Inc. may have violated the country's foreign-exchange laws.   A senior official at a division of India's...more

Insider Trading Case against Rajat Gupta expanded

Wed 01 Feb, 2012 Federal prosecutors expanded their insider-trading case against former Goldman Sachs Group Inc. director Rajat Gupta ahead of a trial set for April, increasing the number illegal tips he is charged with in a new criminal indict...more

Austrailia new law on cigerette packing law challenged

British American Tobacco (BAT) brought legal action in Australia's High Court in response to the country's new tobacco packaging laws. Two weeks ago, Austrailian Parliament enacted the Tobacco Plain Packagi...more

U.S. Expected to Charge Executive Tied to Galleon

Wed 26 Oct, 2011 Federal prosecutors are expected to file criminal charges on Wednesday against Rajat K. Gupta, the most prominent business executive ensnared in an aggressive insider trading investigation, according to people briefed on the ca...more

'Defiant' hedge fund fraudster Raj Rajaratnam could face harsher term

  Wed 05 Oct, 2011 Billionaire convicted of illegal stock trading says he is not 'clear' what he did was wrong – which may lead to tougher sentence   The hedge fund manager convicted of conducting America's biggest i...more

Securities offence

Wed 31 Aug, 2011 Sri Lanka's Securities and Exchange Commssion  has fined Environmental Resources Inc (ERI) and several officers, in connection with  disclosure related offence,  subsequent to a notice of action  market...more

Sri Lanka first half foreign direct investment US$413mn: Central Bank

Mon 22 Aug, 2011 Sri Lanka's foreign direct investment for the first half of 2011 reached 413 million US dollars putting the country on track for a full year goal of a billion dollars, the Central Bank said.  

International Fraud Syndicate: 5 Sri Lankans charged

Tue 16 Aug, 2011 Five men from Malaysia and Sri Lanka were charged today with being members of an international fraud syndicate responsible for attacks on bank card systems across Australia.

Lawyers Plead leniency for Raj Rajaratnam

  Thurs 11 Aug, 2011 lawyers for Raj Rajaratnam pleaded leniency with regards to his failing health conditions.       Rajaratnam, Sri Lankan born Galleon Group Hedge Fund Founder, was convicted of insider trading in the US,...more

‘Fit and proper’ Rules for non-bank lenders

Fri 22 July, 2011 ‘Fit and proper’ tests for senior executives of non-bank leaders are to be implemented in Sri Lanka as per Central Bank Sources. These techniques are to be adopted to ensure improvement of financial discipline in t...more