Conditional bail for Baazee CEO
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The Delhi high court on Tuesday granted conditional bail to baazee.com CEO Avnish Bajaj in the MMS sex scandal case. Vacation judge Justice Vikramajit Sen granted bail on two sureties of Rs 100,000 each.
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The recent arrest of Avnish Bajaj, the CEO of eBay Inc&#39;s Indian shopping portal site Baazee.com, has industry and business leaders worried about the impact on India&#39;s booming technology sector.
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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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Ebay Inc. is &quot;outraged&quot; at the arrest of Avnish Bajaj, the chief executive officer of the company&#39;s Baazee.com subsidiary in India, the company said in a statement issued on Sunday.
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NEW DELHI, India--Avnish Bajaj, chief executive officer of eBay Indian subsidiary Baazee.com was released on bail by local courts Tuesday, the company said.
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A Pakistani court on Wednesday ordered the release of the husband of opposition leader Benazir Bhutto on bail a day after he was re-arrested for failing to attend a court hearing.
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Executives at eBay Inc. and senior Indian technology officials are expressing alarm over the arrest and jailing of a CEO whose company listed a sex video in an online auction.
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The Delhi High Court on Tuesday granted bail to the head of eBay's Indian subsidiary, an American citizen who was jailed in connection with the online auction of a sex video involving teenagers.
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A Pakistani court on Wednesday ordered  the release of the husband of opposition leader Benazir Bhutto  on bail a day after he was re-arrested for failing to attend a  court hearing.
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Delhi police Friday arrested Avnish Bajaj, the chief executive officer of Baazee.com India Pvt. Ltd., an eBay Inc.-owned Indian online auction portal, for allegedly allowing the sale of pornographic
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The CEO of Baazee.com. eBay&#39;s subsidiary in India, was released on bail after being arrested December 17th in connection with an online pornography investigation.
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An Indian court granted bail on Tuesday to the head of a popular online auction site who was arrested in connection with the sale of a video showing a girl and boy having oral sex.
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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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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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NEW DELHI: A Delhi court today dismissed the bail plea of Baazee.Com CEO Avnish Bajaj arrested in connection with the DPS MMS scandal case and remanded him to judicial custody till December 24.
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The former head of Bawag, the Austrian bank linked to last yearÂs collapse of the commodities brokerage firm Refco, was arrested in France on fraud charges, Austrian authorities said. French authorities took the former executive, Helmut Elsner, who was BawagÂs general manager, into custody at his villa in southern France, a Justice Ministry spokesman told the Austria Press Agency. Bawag, the acronym for Bank FÃ¼r Arbeit und Wirtschaft A.G., has been under investigation for lending the former chief executive of Refco, Phillip Bennett, several hundred million dollars just before Refco filed for bankruptcy in October.
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A court was expected to hear a plea for bail on Tuesday by the head of eBay&#39;s Indian subsidiary Baazee.com, who was jailed in connection with the online auction of a sex video involving teenagers.