A seven-story building collapsed in Thane, killing 74 people. Arrests were made, revealing deep corruption within the real estate sector involving bribery of civic officials.
CREDAI urges 10,000+ members to reject bribery, combatting corruption allegations in real estate. President Lalit Kumar Jain announced an "all-out war" against corruption, advocating for administrative reforms and transparency.
The World Bank has banned Satyam Computer Services for eight years due to data theft and bribery. Satyam's independent directors claim ignorance, highlighting a communication gap within the company's board.