Baazee.com CEO in judicial custody
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New Delhi: Baazee.COM, whose Chief Executive Officer, Avnish Bajaj, was on Saturday remanded to judicial custody after the Delhi police arrested him in connection with the multi-media messaging scandal on Friday, has expressed shock and surprise over the
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The head of Baazee.com, an Indian auction website owned by eBay Inc., Avnish Bajaj, arrested yesterday for sanctioning the sale of a home video featuring two students having oral sex, has been released on bail despite the policeâs promises to keep him
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Industry organizations and legal experts are criticizing the Friday arrest of the chief executive officer of eBay Inc. subsidiary Baazee.
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The former chief and founder of   Comverse Technology Inc., Jacob "Kobi" Alexander, was arrested   in Namibia on Wednesday, where he awaits extradition to the   United States to face criminal fraud charges related to stock   options.
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[Business India]: The arrest of Avnish Bajaj, CEO of eBay&#39;s Indian subsidiary Baazee.com, is a compelling example of overreaction both by the Indian police and the US State Department.
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[Business India]: New Delhi, Dec 21 (IANS) The Delhi High Court Tuesday granted bail to baazee.com CEO Avnish Bajaj, arrested for allegedly peddling a pornographic video clip on his auction portal, but prevented him from going abroad.
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eBay has welcomed the release of its Indian CEO, Avnish Bajaj. Bajaj was arrested after his auction site Baazee dotcom hosted a sexually explicit picture message of two Delhi school students.
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The fugitive former CEO of software company Comverse Technology Inc. was granted bail by a Namibian court Tuesday while he awaits extradition to the United States to face charges for allegedly manipulating stock options.
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An Indian court has granted bail to the chief of an auction website who is in jail in connection with the sale of a school sex video clip.
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The United States detained a second   Internet gaming executive on Thursday, adding to fears it is   cracking down on the lucrative industry and sparking share   price falls that wiped over $1.5 billion off the market value   of the sector.
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The boss of eBay&#39;s Indian subsidiary - has been remanded in custody until 24 December after his arrest on charges of online trading in pornography.
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(InfoWorld) - Law-enforcement officials in Namibia have arrested the former chief executive of Comverse Technology Inc., a fugitive after being charged in August with backdating millions of the company's stock options, the U.S. Department of Justice (DOJ) announced Wednesday. Jacob "Kobi" Alexander was arrested Wednesday on a Namibian warrant issued at the request of the U.S. government. He was one of three former executives at the software vendor charged with conspiracy to commit securities fraud, mail fraud and wire fraud in August in U.S. District Court for the Eastern District of New York. The three, including former Chief Financial Officer David Kreinberg and former General Counsel William F. Sorin, were accused of operating a secret stock options slush fund, with issuing false and misleading financial statements, and with reaping millions of dollars in profits through a scheme to backdate stock options between 1998 and 2002, the DOJ said. The DOJ will seek Alexander's extradition to the U.S. to face multiple charges, many of which were made public Wednesday: conspiracy, two counts of securities fraud, eight counts of making false filings with the Securities and Exchange Commission, four counts of mail fraud, 14 counts of wire fraud, and three counts of money laundering. The indictment also seeks force Alexander to forfeit about US$138 million in assets, the DOJ said. Alexander is scheduled to appear before a court in Windhoek, Namibia, within 48 hours. The effort to find Alexander was an "international manhunt," U.S. Attorney Roslynn Mauskopf of the Eastern District of New York said in a statement. If convicted of the most serious charge, securities fraud, Alexander faces a possible sentence of 25 years in prison. The former Comverse executives were the second group to be charged in connection with options backdating. The U.S. Securities and Exchange Commission has been investigating several tech companies for irregularities in connection with granting employees stock options, a common practice in the IT industry in the late '90s. In July, two former executives with storage networking vendor Brocade Communications Systems Inc. were charged with securities fraud.
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The Delhi High Court today granted bail to Baazee.Com CEO and US Citizen Avnish Bajaj, arrested in the obscene MMS case but asked him to surrender his passport and not to leave the country without permission of the trial court.
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LONDON -- Sportingbet, a gambling Web site owner, said its chairman has been detained in the U.S., two months after the chief executive of BetOnSports PLC was arrested in the United States on racketeering charges.
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The former chief and founder of   Comverse Technology Inc. CMVT.O, Jacob "Kobi" Alexander was   arrested in Namibia on Wednesday, where he awaits extradition   to the U.S. to face criminal charges for his role in an options   backdating scheme.
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Officials in India's technology industry expressed anger and concern over the jailing of the CEO of eBay's Indian subsidiary related to the online sale of a sex video. The U.S. State Department has also made inquiries about the case.
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NEW DELHI: In a major development in the Delhi Public School (DPS) MMS case, police on Friday arrested the chief executive officer (CEO) of the auction Website Baazee.