corporate fraud

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    Police Investigate Fake Purchase Orders in Loan Fraud

    Gurugram, March 28 Directors of a company are alleged to have defrauded another company from which they had taken loans worth crores of rupees. Gurugram Police have arrested one of the directors from Coimbatore, Tamil Nadu, officials said on Saturday.The arrest came following a complaint filed...
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    ED Prepares Chargesheet in Rs 40,000 Crore Loan Fraud Case

    New Delhi, March 27 The Enforcement Directorate may file a chargesheet on Friday as part of its investigation into alleged money laundering involving Reliance Group chairman Anil Ambani's company, RCOM, and its former executives, the group, which is said to involve a fraud of around Rs 40,000...
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    Investigation Continues: CBI Questions Reliance Home Finance Director

    New Delhi, March 13 The CBI questioned Anil Ambani's son, Jai Anmol Ambani, for nearly six and a half hours on Friday in connection with a Rs 228-crore fraud case involving the Union Bank of India, officials said.Jai Anmol, the former director of Reliance Home Finance Limited (RHFL), has been...
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    Rajasthan Man Arrested in Car Sales & Investment Fraud

    Jaipur, March 12 The Rajasthan Police's Special Operations Group (SOG) has arrested a man, allegedly involved in a large-scale fraud that collected crores of rupees from people by promising luxury car sales, cryptocurrency, and social media-based investment schemes.Additional Director General...
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    Man Arrested for Using Senior Citizen's ID to Evade GST

    Thane, March 9 A man has been arrested in Bhiwandi, Thane district, for allegedly using the identity documents of a senior citizen and his family to operate five companies and evade GST payments, a police official said on Monday.The accused approached the 67-year-old victim, promising him a...
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    Corporate Fraud: Woman and Accountant Linked to Rs 91 Lakh Scheme

    Gurugram, February 25 A former employee of a private company here was arrested for defrauding over Rs 90 lakh by creating a complex web of transactions to create fake invoices using the firm's funds, police said on Wednesday.Working as an operations administrator from 2017, the woman, in...
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    SC Orders Probe into ADAG Fraud; Ambani Agrees to Restrictions

    New Delhi, February 19 Reliance Group chairman Anil Ambani has filed an undertaking in the Supreme Court that he will not leave the country without prior permission and will fully cooperate with the investigating agencies' probe into the alleged Rs 40,000 crore banking and corporate fraud...
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    ED Arrests Former Lodha Developer in $100 Million Money Laundering Case

    Mumbai, February 14 – The Enforcement Directorate arrested a former Lodha Developers director, Rajendra Narpatmal Lodha, under the Prevention of Money Laundering Act in connection with an ongoing investigation into an alleged fraud case involving losses of over ₹100 crore to the real estate...
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    Supreme Court Orders SIT Investigation into ADAG Corporate Allegations

    New Delhi, February 9 The Enforcement Directorate has constituted a special investigation team (SIT) to probe the alleged banking and corporate fraud worth Rs 40,000 crore involving the Anil Dhirubhai Ambani Group (ADAG) and linked entities, official sources said on Monday.The SIT is led by an...
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    Corporate Fraud: IT Firm Manager Exploits Company Data

    Mumbai, February 9 A senior manager at an IT firm in Mumbai's Powai area has been booked for allegedly committing corporate fraud worth Rs 10 crore, a police official said on Monday. According to the Parksite police station official, the accused, Amit Arvind Shah, a senior accounts manager...
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