financial crime

Chennai, March 27 – A special CBI court in Chennai on Friday convicted and sentenced seven individuals, including a former senior tax assistant of the Income Tax Department, to four years of rigorous imprisonment along with a total fine of Rs 2.4 lakh in a tax refund fraud case, officials said...

New Delhi, March 27 The Enforcement Directorate filed a chargesheet against former Reliance Communications president Punit Garg and another person on Friday as part of its investigation into money laundering related to an alleged fraud involving a loan of Rs 40,000 crore, official sources said...

Bhopal, March 27 – The Enforcement Directorate (ED), Bhopal Zonal Office, has provisionally attached movable and immovable assets worth approximately Rs 83.24 lakh under the Prevention of Money Laundering Act (PMLA), 2002.The action comes in connection with a disproportionate assets case...

Colombo, March 27 The Supreme Court fined a former health minister of Sri Lanka 75 million Sri Lankan rupees on Friday for violating fundamental rights by importing medicines under an Indian credit line in 2022 through a company not registered for that purpose.A three-judge bench of the island...

Mumbai, March 27 The Bombay High Court on Friday dismissed a petition seeking a CBI investigation against Reliance Industries Limited and its chairman and managing director Mukesh Ambani for alleged illegal extraction of natural gas from ONGC's Krishna-Godavari basin fields.A bench of Chief...

Chennai, March 27 The Election Commission's flying squad has seized gold and silver jewellery worth ₹77.29 crore during a vehicle check in the city, police said on Friday.The ECI's flying squad, while conducting a vehicle check in Ashok Nagar, which falls under the T Nagar Assembly...

Mumbai, March 26 Police have arrested a man here for allegedly cheating several people by promising them government jobs while claiming to know senior Maharashtra ministers and officials.Tushar Sanjay Kadam, the accused, allegedly collected a total of Rs 42.5 lakh in this way, promising the...

Patna, March 26 – In its ongoing crackdown on corruption, the Vigilance Investigation Bureau (VIB) carried out a major operation in Nalanda, the district where Chief Minister Nitish Kumar resides, on Thursday, leading to the arrest of a Health Department official.The operation took place in...

Thane, March 26 Two individuals have been arrested for allegedly defrauding a businessman of lakhs of rupees by promising to arrange a ₹50 crore investment in his company, police said on Thursday.Vinod Yadav alias Baba Yadav and Dilip Mamtora, along with another individual, allegedly provided...

Chennai, March 26 DMK Rajya Sabha MP R Girirajan has approached the Madras High Court, seeking a direction to the ED to register a case under the PMLA against two BJP leaders, including Tamil Nadu BJP chief Nainar Nagenthran, and take appropriate action, a source said on Thursday.He claimed...

New Delhi, March 26 The CBI has conducted searches at the residences of two former directors of Reliance Telecom and the company office after registering an FIR against them in connection with an alleged fraud of Rs 114.98 crore in State Bank of India, officials said on Thursday."The Central...

New Delhi, March 26 – In a major breakthrough, the Special Staff of Delhi Police apprehended seven minors involved in multiple cases of motorcycle theft, robbery, and theft on Thursday. The police also recovered three stolen motorcycles from their possession, officials said on Thursday...

The Enforcement Directorate has provisionally seized properties worth approximately ₹1,700 crore in the Mahadev online betting case. In a press release issued on March 25, the Raipur Zonal Office of the ED stated that the action was taken under the Prevention of Money Laundering Act.The agency...

New Delhi, March 25 The High Court of London rejected diamantaire Nirav Modi's petition to reopen his case against his extradition to India, where he is wanted in connection with the Rs 13,000-crore Punjab National Bank (PNB) fraud, officials said.Modi had approached the High Court of Justice...

Johannesburg, March 25 The trial of six South African women of Indian origin, accused of stealing jewellery worth over R3.2 million from a renowned jewellery store in Durban, has commenced nearly three years after the incident, a media report said on Wednesday.The women were arrested in...

Gurugram, March 25 The Gurugram Police have arrested the wife of a yoga teacher after she was caught red-handed allegedly taking Rs 1 lakh from a woman who was blackmailed by the couple for the last three years, officials said.The yoga teacher was accused of having an intimate relationship...

Bhubaneswar, March 25 – The Odisha Police have arrested a man from Kolkata in connection with a multi-crore online investment scam in which a businessman from Cuttack was cheated of over Rs 12.33 crore, a senior Crime Branch official said on Wednesday.The 36-year-old accused, identified as...

Indore, March 25 – The Enforcement Directorate (ED)'s Indore Sub-Zonal Office has provisionally attached three immovable properties worth approximately Rs 4 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a significant bank fraud case.The attached properties...

Ranchi, March 25 – The Central Bureau of Investigation (CBI) apprehended the Chief Commercial Inspector (CCI) of South Eastern Railway in Ranchi, the capital of Jharkhand, on Wednesday, in connection with a bribery case.The accused, identified as Himanshu Shekhar, allegedly demanded and...

New Delhi, March 25 The Enforcement Directorate (ED) has attached immovable assets worth approximately ₹1,700 crore located in Dubai, belonging to entities linked to Sourabh Chandrakar, one of the main promoters of the "illegal" Mahadev online betting app, as part of its investigation into money...