Ghost faculty, hawala deals, ₹66 lakh bribe: Two from Telangana named in pan-India NMC corruption scam

Ghost faculty, hawala deals, ₹66 lakh bribe: Two from Telangana named in pan-India NMC corruption scam

A widening Central Bureau of Investigation (CBI) probe into alleged corruption in the National Medical Commission (NMC) has uncovered a southern syndicate of intermediaries facilitating bribe-driven regulatory approvals for private medical colleges. Among the 36 named in the FIR are two individuals based in Telangana, one in Hyderabad and the other connected to a medical … Read more

₹63 lakh in hawala transaction seized  

₹63 lakh in hawala transaction seized  

The four arrested persons include – Kanti Lal, Kishore Singh, a distributor, Pep Singh, agent, Mohammed Abdul Fareed and Sandeep Singh, identified customers The four arrested persons include – Kanti Lal, Kishore Singh, a distributor, Pep Singh, agent, Mohammed Abdul Fareed and Sandeep Singh, identified customers Hyderabad city police’s Task Force (central zone) on Saturday … Read more

DeFi can’t hold a candle to the centuries-old trust-based system called hawala

DeFi can’t hold a candle to the centuries-old trust-based system called hawala

In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations. It took a financial crisis for the world to wise up to CDOs, which repackaged risky mortgage bonds to make them look safer than they were. “CDOs are nothing but a … Read more