Tag: Fraud
17 Results
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Nirav Modi denied bail by UK court
The Westminster Magistrates Court ordered the Metropolitan Police to place him in its custody till the next hearing on August 22.
July 25, 2019 -
Ex-Branch Manager of Central Bank convicted in fraud case
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.
July 18, 2019 -
Allahabad Bank reports 2nd fraud in a week
SEL Manufacturing Ltd. (SELM) has defrauded the bank of Rs 688.27 crore.
July 18, 2019 -
Punjab & Sind Bank flags Rs 238.3 cr fraud by Bhushan Power & Steel
In a regulatory filing on Wednesday, Punjab and Sind Bank said it has been defrauded of Rs 238.30 crore by the Bhushan Power and Steel company (BPSL).
July 18, 2019 -
SFIO arrested IL&FS CEO Ramesh Bawa on charges of fraud
The apex court had earlier this week dismissed Bawa's petition, which sought to stop the SFIO's criminal proceedings against him
April 13, 2019 -
Indian Americans plead guilty in commodities fraud, spoofing conspiracy
Krishna Mohan, 33, of New York, pleaded guilty today to one count while Kamaldeep Gandhi, 36, of Chicago, to two counts of conspiracy to engage in wire fraud, commodities fraud and spoofing, they said.
November 7, 2018 -
UK-based man dupes Thane women of Rs 7 lakh via courier firm
The complainant told the police that while going through the matrimonial site some months back, she befriended the accused, identified as Donald William (23), who claimed to be from Belgravia in London.
October 10, 2018 -
Over 20 Indian-origin people sentenced in mega US call centre scam
Earlier, three other Indians were sentenced for their involvement in the same fraud and money laundering scheme.
July 21, 2018 -
Vijay Mallya faces fresh money laundering charge sheet, fugitive tag
CBI will immediately seek from a court, permission to “confiscate” more than Rs 9,000 crore worth assets.
June 17, 2018 -
Former Volkswagen CEO charged with fraud in ‘dieselgate’
The US government on Thursday filed charges against the former executive of Volkswagen (VW), Martin Winterkorn, who resigned in 2015 after the Volkswagen emissions scandal, also known as “dieselgate” erupted in September of that year. In an indictment unsealed on Thursday by the US Department of Justice in a Michigan federal court, Winterkorn, 70, was …
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May 4, 2018 -
Indian-American doctor indicted for $1 mn healthcare payment fraud
Dr Pranav Patel, 51, of Chicago suburb Burr Ridge allegedly submitted false insurance claims for medical tests that were never performed.
April 29, 2018 -
Canara bank fraud case: Tollywood connection likely
The CBI probing the enduse of Rs 515.15 crore siphoned off from Canara bank allegedly by directors of RP Infosystems Shivaji Panja and Kaustav Ray arrested in connection with the bank fraud, has reportedly found Tollywood connection in alleged embezzlement, a reliable source in the CBI said. A source in the agency said one of …
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March 18, 2018 -
Fraudster held for swindling several unemployed youths in Rourkela
The Bondhamunda police have arrested a fraudster who had swindled several unemployed youths. The arrested person had collected money from them saying that he would provide them jobs in National Institute of Technology, Rourkela. Anil Nayak, 25, a resident of a slum just behind the Ispat Hospital Colony, Sector- 19, was today arrested by Bondhamunda …
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February 28, 2018 -
PNB ‘destroyed’ my brand, can’t repay debt, says Nirav Modi
Breaking his silence over the Rs.11,000 crore PNB fraud, defiant key accused Nirav Modi has slammed the bank for going public and “destroying” his brand while expressing his inability to repay the debt. In a letter written to Punjab National Bank’s (PNB) management on February 15-16, Modi blamed PNB’s overzealousness for shutting the doors on …
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February 20, 2018 -
PNB fraud fallout: CBI seals Brady House Branch in Mumbai
The CBI on Monday sealed the Brady House Branch of the Punjab National Bank as multiple probe agencies continued with their probe into the Rs 11,515 crore fraud, according to officials. The Central Bureau of Investigation pasted an official notice outside the branch in Fort — the bank’s flagship lending window in Mumbai and its …
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February 19, 2018 -
Ex-Trump adviser to plead guilty to fraud-related charges
US President Donald Trump’s former campaign adviser Rick Gates to fraud-related charges within days and has also agreed to testify against Paul Manafort, the lawyer-lobbyist who once managed the campaign, the media reported. “Rick Gates is going to change his plea to guilty,” an informed official told the daily on Sunday. A revised plea will …
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February 19, 2018 -
PNB fraud: This is just the tip of the iceberg, says Mamata
West Bengal Chief Minister Mamata Banerjee on Sunday demanded a thorough probe into the Punjab National Bank (PNB) fraud, saying that this is “just the tip of the iceberg”. Claiming that the over Rs. 11,000 crore PNB scam involving billionaire jewellery designer Nirav Modi was only a fraction of a mammoth fraud on the Indian …
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February 18, 2018