Fraud Case
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DHFL administrator moves NCLT against Wadhawans in Rs 2,150-crore fraud
Business | Oct 07, 2020, 12:49 PM ISTOn the basis of the report filed by Grant Thornton, the administrator has filed application against Kapil Wadhawan, Dheeraj Wadhawan, Aruna Wadhawan, Wadhawan Global Capital Limited, the ICD entities and certain other entities claiming the amount from them along with the interest for the remaining period.
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Jamtara in Real! Jharkhand man makes fake online payment, dupes shopkeeper
Crime | Sep 29, 2020, 11:28 AM ISTSuperintendent of Police, Ramgarh, Prabhat Kumar told PTI that police arrested Ishan Kumar Giri from near a shopping complex in Chatti Bazaar in Ramgarh town.
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Man dupes married woman into starting life afresh, flees with her jewellery
Crime | Nov 19, 2019, 07:04 AM ISTThe woman, a mother of a girl and resident of Lake Town area, was left stranded on the street as the man decamped with jewellery worth around Rs 5 lakh, after cooking up a story.
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Individual settles case of alleged fraudulent trading with Sebi by paying over Rs 2.3 cr
Business | Nov 14, 2019, 05:17 PM ISTIt was alleged that a group of financiers provided finance to key operators towards making multiple applications in the IPOs and cornered a large number of shares reserved for retail individual investors (RIIs) and following the receipt of IPO allotment, the shares were transferred by the allottees to the key operators through an off-market transaction
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SEBI challenges SAT order on Price Waterhouse
Business | Oct 23, 2019, 01:15 PM ISTChallenging the tribunal's order, SEBI told the apex court that these auditors had ignored vital materials like the internal audit report which flagged material discrepancies in reconciliation of the invoices.
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Two cheat govt of Rs 700-crore through fake GST invoices; held
India | Oct 06, 2019, 11:52 PM ISTThe preventive wing of the Central Goods and Services Tax (CGST), Pune, claimed that two city-based firms allegedly indulging in this malpractice were busted.
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Alert! Pakistani fraudsters using WhatsApp to loot money. Here's how
Fyi | Sep 24, 2019, 10:51 AM ISTWhatsApp fraud alert! Are you WhatsApp messenger user? If yes, then this news is very important for you as Ministry of Defence has issued an advisory that Pakistani fraudsters are looting money from your bank account using WhatsApp.
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Seven arrested for cheating youths from Nepal after promising jobs
World | Sep 18, 2019, 11:18 PM ISTThe agents involved in the racket have been identified as Jitender Kumar Mandal, a resident of Dhangarhi in Nepal; Pradeep Kumar Kattamuri, a resident of Visakhapatnam, Andhra Pradesh; and Vipin Sharma, a resident of Paharganj, they said.
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Gang duping students on pretext of facilitating their admissions in medical colleges busted, 3 held
Crime | Sep 02, 2019, 11:35 PM ISTThe main accused, Satish Kanani, was arrested from Surat in Gujarat on Monday, DCP Yogesh Dadhich said.
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Bank fraud touches Rs 71,543 cr in 2018-19: RBI annual report
Business | Aug 29, 2019, 07:08 PM ISTIn FY19, banking sector reported 6,801 frauds involving Rs 71,542.93 crore as against 5,916 cases involving Rs 41,167.04 crore reported in 2017-18.
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Maharashtra: Businessman held for Rs 24.55 crore tax fraud
India | Aug 28, 2019, 12:38 PM ISTHe allegedly availed wrong Input Tax Credit of Rs 24.55 crore on the basis of bogus invoices for Rs 136.38 crore without the actual supply of goods, the official said.
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Jagat Basmati Rice owner arrested for cheating
India | Aug 27, 2019, 04:06 PM ISTGaurav Sharma, Deputy Commissioner of Police, Outer-North district, said Aggrawal was arrested on Monday on a case of cheating was registered against him at the Narela police station on August 8.
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Noida based firm eBIZ.com busted for Rs 5000 crore fraud; 17 lakh people duped
India | Aug 22, 2019, 12:40 AM ISTWhile the financial racket was busted, the 62-year-old managing director and his son were taken into custody. The company head office at Noida was also sealed. The deposits worth Rs. 398 crore have also been frozen in their multiple bank accounts.
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Stop financing subvention schemes offered by builders to sell homes: National Housing Bank
Business | Jul 23, 2019, 09:05 AM ISTIn a circular, NHB said that it has received several complaints in relation to the loans under subvention schemes and instances of alleged fraud by certain builders have also been reported.
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Ex-Branch Manager of Central Bank convicted in fraud case
India | Jul 18, 2019, 02:23 PM ISTIn a statement issued here, the Central Bureau of Investigation (CBI) said Sridhar, former Branch Manager, Ooty, retired Lt. Colonel S.K. Sundaram and R.Sanjeevi, a private person, were convicted and sentenced to three years rigorous imprisonment each.
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CRPF official held for cheating man of Rs 90 lakh, says Police
India | Jun 28, 2019, 07:02 AM ISTA CRPF official was arrested on Thursday for allegedly cheating a man of Rs 90 lakh on the pretext of giving him cryptocurrency, police said.The accused was identified as Amit Rajpoot (30), they added.
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Beware! Fraudsters call Snapdeal customers, inform them of winning Tata Safari worth Rs 12 lakh
India | Jun 11, 2019, 02:24 PM ISTIn the text message, the scamsters are sharing a toll-free number (1800-1020-447) and two other helpline numbers (09903400159 and 09903400209). Some customers have received different contact numbers in the message.
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Indian CEO charged in US with securities fraud
World | Jun 06, 2019, 07:19 AM ISTThe charges carries a maximum potential penalty of 20 years in prison and a USD 5 million fine.
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Indian Idol contestant cheated of Rs 1.7 lakh on pretext of debit card verification
TV | Mar 19, 2019, 12:49 PM ISTWhile talking to them, the accused obtained their bank details and debt card passwords. He then fraudulently withdrew Rs. 1.7 lakh from Avanti Patel and her sister's accounts.
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US: Indian-origin man arrested on charges of defrauding Cisco System of more than USD 9.3 million
World | Mar 06, 2019, 12:49 PM ISTCriminal complaint against the man was unsealed Monday after he made his initial appearance in federal court before US Magistrate Judge Joseph Spero