fraud investigation

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    Fraud Allegations Rock Bhiwandi Civic Body Race

    Thane, February 14 Ahead of the mayoral election in the Bhiwandi-Nizampur Municipal Corporation in Thane district, the leader of a local party, which has four corporators, was arrested on Saturday in a case of alleged fraud, police said.The mayoral election in the Bhiwandi civic body is...
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    Ludhiana Police Investigate Rs 7 Cr Fraud Targeting Industrialist

    Ludhiana, Feb 14 The Ludhiana Police have produced a man on a production warrant in connection with an alleged cyber fraud involving Padma Bhushan awardee and industrialist S P Oswal of the Vardhman Group, officials said on Saturday.Arpit Rathore, a close aide of key accused Rumi Kalita from...
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    Goa: ED Seizes Assets in Money Laundering Investigation

    Panaji, February 14 – The Enforcement Directorate's Panaji Zonal Office has provisionally attached three immovable properties worth ₹2.29 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a major fraud involving Jiwa Mines and Minerals Ltd, officials said on...
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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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    RBI Impersonation Scam: Tamil Nadu Police Foil Rs 5.65 Crore Fraud

    Coimbatore (Tamil Nadu), February 13 The CB-CID of the Tamil Nadu police has busted an inter-state iridium scam network by arresting six individuals who were allegedly impersonating RBI officials and defrauding victims to the tune of Rs 5.65 crore, police said on Friday.The gang reportedly...
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    Andaman Bank Fraud: ED Seizes Assets in Cooperative Scheme

    New Delhi, February 13 The Enforcement Directorate said on Friday that it has attached hotels, resorts, and land parcels worth ₹200 crore in the Andaman and Nicobar Islands as part of an investigation into money laundering.These assets were "directly or indirectly" derived from, or involved...
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    Fraud Ring Targets US Nationals with Tech Support Scheme

    New Delhi, February 12 The Enforcement Directorate said on Thursday that it has filed a chargesheet against some accused who allegedly defrauded US nationals of crores of rupees through a "tech support scam", and used the money to purchase lavish houses, cars, luxury watches, and to fly in...
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    Police Investigate Aadhaar Card Scheme Scam

    Berhampur (Odisha), February 11 The Odisha Police on Wednesday arrested a 40-year-old resident of Andhra Pradesh for allegedly defrauding a Hyderabad-based company operating in the Ganjam district, amounting to Rs 46 lakh, in the production of Aadhaar cards.The accused, identified as...
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    Cyber Fraud Ring Busted: Two Men Arrested in Rs 38 Lakh Scam

    New Delhi, February 11 The Delhi Police have arrested two men involved in an organized cyber fraud racket involving fraudulent SIM card porting and unauthorized access to banking applications, an official said on Wednesday.The police said the arrests were made in connection with an online...
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    India Strengthens Cybersecurity Ecosystem with New Initiatives

    New Delhi, Feb 10 Union Home Minister Amit Shah on Tuesday called on the CBI and I4C to develop a joint system with other institutions like the NIA, ED, and banks to create a “coordinated and highly secure ecosystem” and remain “two steps ahead” in countering cybercriminals who use novel...
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    Former MP Kuldeep Rai Sharma Denied Bail in Loan Fraud Investigation

    Sri Vijaya Puram, February 10 The Calcutta High Court on Tuesday rejected the bail applications of former Member of Parliament of Andaman and Nicobar Islands, Kuldeep Rai Sharma, and Sanjay Lal, another accused, in connection with a case involving a fraud of Rs 500 crore against a bank.The...
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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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    Digital Arrests: Court Urges Action, Calls for Compensation Framework

    New Delhi, February 9 The Supreme Court on Monday described the siphoning of over ₹54,000 crore by digital fraudsters as "absolute robbery or dacoity" and asked the Centre to draft a standard operating procedure in consultation with stakeholders such as the RBI, banks, and the Department of...
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    Victims Demand Swift Action in Maharashtra Investment Fraud

    Thane, February 9 Hundreds of victims of a ₹1,200 crore investment scam staged a protest outside the police commissioner's office in Thane district, Maharashtra, demanding a swift investigation into the case and the return of the money they were defrauded of.The Economic Offences Wing (EOW)...
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