financial crime

Belagavi (Karnataka), March 17 A group promising to quadruple investors' money has been busted in this district with the arrest of seven people, including two police officers from Maharashtra, officials said on Tuesday.Those arrested have been identified as Parashuram Bhimshi Badakari, Imran...

Thane, March 17 A 42-year-old insurance consultant from Mumbra in the Thane district of Maharashtra was allegedly cheated of over Rs 71 lakh by cyber fraudsters who lured him into investing in cryptocurrency trading, police said on Tuesday.A case has been registered against six individuals at...

Visakhapatnam, March 17 – The CBI Court in Visakhapatnam has convicted and sentenced two individuals, including a former bank employee, to five years in prison in a bank fraud case.Vempadapu Santhoshi Ramu, who was a clerk-cum-cashier at Andhra Bank in Cheepurupalli, Vizianagaram district, and...

New Delhi, March 17: Special courts dealing with the Prevention of Money Laundering Act (PMLA) have delivered judgments on the merits in connection with money laundering in 59 cases. Of these, conviction orders have been passed in 56 cases, convicting 124 accused in the cases filed by the...

Ranchi, March 17 – The Central Bureau of Investigation (CBI) has arrested a junior engineer of the South Eastern Railway for allegedly accepting a bribe from a private company representative in exchange for facilitating an electrical connection at a site office in Jharkhand, officials said on...

Mumbai, March 17 A total of 2,163 cybercrimes related to investment scams were registered in Maharashtra last year, leading to the arrest of 455 accused, Chief Minister Devendra Fadnavis informed the state assembly on Tuesday.The state has stepped up measures to combat cyber fraud...

Hyderabad, March 17 Two men were allegedly robbed of approximately 1 crore rupees by unidentified individuals on motorbikes after throwing chili powder into their eyes here, police said.The incident occurred in the Kukatpally police station limits on Monday night, and three of the five to six...

Gadag (Karnataka), March 16 Five men were arrested for allegedly luring students with false promises of scholarship money and other incentives to open mule bank accounts in their names for illegal transactions, police said on Monday.The accused were identified as Vakdoth Vakeel (24), Raju...

Lucknow, March 16 – The Central Bureau of Investigation (CBI) has arrested a medical officer stationed at the Ex-Servicemen Contributory Health Scheme (ECHS) and an executive from a private hospital in connection with an alleged bribery case involving undue favours to a hospital in Uttar...

Kochi (Kerala), March 15 Police on Sunday arrested three directors of a firm accused of defrauding hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.The accused were identified as Muraleedharan, Ashik Murali, and...

Patna, March 15 Patna Police on Saturday arrested a major narcotics supplier operating in the city and seized drugs worth around Rs 7.5 crore, an officer said on Sunday.The police arrested the drug supplier during a raid conducted in the Khagaul police station area of Patna.Speaking to...

New Delhi, March 15 A 40-year-old woman has been arrested for allegedly defrauding a Delhi resident of Rs 20,000 by pretending to arrange an easy loan through a social media platform, an official said on Sunday.The accused, identified as Satvinder Kaur, a resident of Tilak Nagar in west Delhi...

New Delhi, March 15 Police have arrested a 26-year-old man who was wanted in connection with a robbery and vandalism incident at a hotel in southwest Delhi's Palam village area last year, an officer said on Sunday.The accused, identified as Mahesh alias Ganja, was arrested on March 13 in...

Imphal, March 15 Four individuals have been arrested for extorting contractual nurses at the Jawaharlal Nehru Institute of Medical Sciences (JNIMS) in Imphal, police said on Sunday.The arrests were made based on a First Information Report (FIR) filed by the victims, and Rs 39 lakh and a pistol...

Chandigarh, March 14 The Haryana State Vigilance and Anti-Corruption Bureau (ACB) arrested a jeweler on Saturday in connection with the IDFC First Bank fraud case. Investigators found that more than ₹250 crore had been routed to his firm from companies linked to the accused.Rajan Katodia...

Mumbai, March 14 Two young men were cheated of Rs 23.43 lakh with the promise of jobs in Mumbai's municipal corporation, a police official said on Saturday.The complainant, Chandra Kishore Prasad (26), who is preparing for the UPSC exam and lives in an MHADA transit building in Kandivali West...

Bhubaneswar, March 14 – A Special CBI Court in Bhubaneswar has convicted and sentenced a former Assistant Superintendent of Post Offices from Baripada, Odisha's Mayurbhanj district, to four years of rigorous imprisonment with a fine of Rs 1 lakh for demanding a bribe of Rs 2 lakh, an official...

New Delhi, March 14 The CBI questioned Jai Anmol Ambani, the son of Anil Ambani, for nearly five hours on Saturday for the second consecutive day in connection with an alleged fraud involving Union Bank of India, officials said.Jai Anmol Ambani, the former director of Reliance Home Finance...

Kochi, March 14 The Kochi city cyber police have recovered over Rs 1 crore stolen from an 81-year-old man through a "digital arrest" online fraud.The incident occurred in November last year when the elderly man was defrauded of around Rs 1.30 crore in a digital arrest scam, where fraudsters...

Thane, March 14 The Anti-Corruption Bureau has arrested a female official from the Scheduled Tribes certificate scrutiny committee for allegedly demanding and accepting a bribe of Rs 2.5 lakh from a man to clear files of his family members in Thane city, Maharashtra, an official said on...