Tag: Fraud
17 Results
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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 -
Gurugram trader booked for `50 crore GST fraud
Haryana excise and taxation department on Saturday lodged a first information report (FIR) against a trader in Gurugram for fraudulently trying to claim input tax credit of over Rs 50 Crore under the Goods and Services Tax (GST). The excise and taxation minister, Abhimanyu said the department lodged an FIR at Police Station Sardar, Gurugram …
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February 17, 2018 -
PNB fraud case: Union Bank has $300 mn outstanding exposure
State-run Union Bank of India on Thursday said that it has an outstanding exposure of about $300 million in the $1.8 billion fraud detected by Punjab National Bank (PNB) and the former was also confident of receiving the payment. PNB, the second largest public sector bank in India, had detected the $1.8 billion fraud in …
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February 16, 2018 -
Ruckus in Kerala Assembly over CPI-M state secretary’s son
Chaos reigned in the Kerala Assembly on Tuesday, marked by noisy scenes and cat calls as the treasury and opposition benches clashed over the issue of Kerala CPI-M state secretary Kodiyeri Balakrishnan’s elder son Binoy Balakrishnan, who is caught in fraud allegations involving a Dubai firm. Speaker P. Sreeramakrishnan put up a request not to …
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February 6, 2018 -
Swedish court clears man of fraud because he was in love
Yes, you read that right. Undoubtedly, love can conquer all. Recently, a man was reportedly cleared of the fraud charges just because he was found to be in love. A Swedish court, Helsingborg District Court cleared the lovestruck man of all charges of fraud and attempted gross fraud because he wanted to impress a new …
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February 2, 2018