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...October, India's Enforcement Directorate attached about 280 properties owned by Raju and his extended family, which it said were obtained with embezzled funds. A senior government official says that more Satyam properties will be attached. More shoes will drop with a fraud of this magnitude, says Partha Iyengar, head of research at the India office of Gartner, the Connecticut-based I.T. research and advisory firm...

Author: /time Magazine | Title: Satyam Computer Fraud Grows to $2.5 Billion | 11/27/2009 | See Source »

Hancock is such a universally liked guy that when his new job as head of the BCS was announced on Nov. 17, there was a collective cringe in the college sports world. Bill, say it ain't so! We're coming up on that time of the year when the entire country complains about the stupidity of the BCS, which relies on votes from coaches, sportswriters, and indecipherable computer formulas to decide which two teams get to play each other in the national title game. This year, the picture is particularly muddled, as five schools have the potential to finish...

Author: /time Magazine | Title: Can a Good Guy Fix College Football's Worst Thing? | 11/26/2009 | See Source »

Marrazzo's scandal is the third major public controversy in four years involving prominent Italian men and transgender prostitutes. In 2005, Lapo Elkann, the grandson of the former head of the Fiat auto dynasty Gianni Agnelli, was rushed to the hospital when he overdosed on cocaine at the Turin apartment of a transsexual prostitute. (He survived.) Two years later, photographs surfaced of Silvio Sircana, chief spokesman for then-Prime Minister Romano Prodi, having a conversation with what appeared to be a transvestite prostitute on the outskirts of Rome. Sircana insisted he was not soliciting the prostitute...

Author: /time Magazine | Title: In Italy, A Sex Scandal to Rival Berlusconi's | 11/26/2009 | See Source »

TIME: What is [former finance minister and now planning commission head] Trevor Manuel's new role in this new set-up? Is he, as some say, effectively a Prime Minister? Zuma: He is not a Prime Minister. He had the very specific task of helping me and the country to work out a national plan, to ask: where shall we be by this time? Where is the country going? His role is also to monitor and evaluate. The reason Trevor was appointed was because he had been minister of finance and had an understanding of the workings of all government...

Author: /time Magazine | Title: Jacob Zuma: 'We Have to do Things Differently' | 11/26/2009 | See Source »

There was a new face at the table when President Barack Obama conducted his ninth war council on Afghanistan shortly before Thanksgiving: Peter Orszag, head of the Office of Management and Budget. And the appearance of the Administration's chief bookkeeper at what is likely to be the final meeting of a war cabinet assembled to make the key decisions on the future of the U.S. commitment in Afghanistan sends a signal of growing concern over the cost of sending some 30,000 more troops into the fight...

Author: /time Magazine | Title: Obama Weighs the Cost of an Afghan Surge | 11/25/2009 | See Source »

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