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CBI files charge sheet against insurance official

Kochi, Jan 4 (UNI) The CBI today filed a charge sheet against an insurance company official for misappropriation of funds.

According to an offcial release here, the investigating agency filed the charge sheet against senior assistant of the United India Insurance Company Sivasundaram for allegedly misappropriating funds to the tune of Rs 17 lakh.

The official was also alleged to have illegally routed the commission of policies registered directly to the company by modifying the agency codes, the release added.

UNI

China rejects US's currency manipulating charge

Beijing, Jan.25 (ANI): China's central bank on Saturday dismissed as "untrue and misleading" a recent allegation by US Treasury Secretary-designate Timothy Geithner that US President Obama believes China is manipulating its currency.Xinhua and the China Daily quoted Su Ning, the vice governor of the People's Bank of China, as saying that the allegation could sidetrack the effort to find the real cause of the financial crisis.He warned against possible re-emergence of protectionism as the impact of the global.....
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