investment fraud

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    Mumbai Man Arrested for Allegedly Cheating Actress and Investors

    Mumbai, March 5 The Mumbai police have registered a case against a man for allegedly cheating actress Varsha Usgaonkar and four others of Rs 47 lakh with the promise of lucrative returns on investment, a police official said on Thursday.Referring to the first information report (FIR), the...
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    Mumbai Police Investigate Rs 47 Lakh Fraud Targeting Marathi Film Industry

    Mumbai, March 5 – Marathi actress Varsha Usgaonkar is among several people who have reportedly been cheated of around ₹47 lakh by a man posing as a builder and film producer, according to the Mumbai Police.A case involving fraud related to the Marathi film industry has come to light. According...
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    Police Busts Cyber Fraud Syndicate Targeting Over Rs 1.5 Crore

    New Delhi, March 1 The Delhi Police has arrested 27 men in connection with cyber fraud cases involving more than Rs 1.5 crore, from 11 states, following a week-long pan-India operation, an official said on Sunday.According to the police, the accused were involved in at least 10 major cyber...
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    Shine City Group Promoter Arrested Following Investigation

    New Delhi, February 27 Rashid Naseem, an economic offender who was on the run and wanted in connection with an alleged investment fraud in Uttar Pradesh, has been arrested in Dubai, officials said on Friday.The Enforcement Directorate (ED) had obtained an Interpol Red Notice to facilitate his...
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    Cybercrime Alert: Odisha Police Busts Rs 3.61 Crore Investment Scheme

    Bhubaneswar, February 27 – The Crime Branch of the Odisha Police has arrested a 31-year-old cybercriminal from Bihar for his alleged involvement in a Rs 2.06 crore investment fraud case, a senior police official informed on Friday.The accused, identified as Prins Raj of Ratanapur in Begusarai...
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    Uttar Pradesh Economic Fraud Case: Fugitive Arrested in UAE

    New Delhi, February 27 Rashid Naseem, an economic offender who was on the run and the subject of an alleged investment fraud case filed by the Enforcement Directorate in Uttar Pradesh, has been arrested in the UAE, officials said on Friday.A Special PMLA (Prevention of Money Laundering Act)...
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    Fake SEBI Notices Circulate – Investors Advised to Verify

    New Delhi, February 26 The capital markets regulator, SEBI, cautioned investors on Thursday against fake notices being circulated in its name, demanding payments of Securities Transaction Tax (STT).The market watchdog further stated that fraudsters are sending fake notices, forging the...
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    Police Arrest Pair for Diverting Funds to Betting Apps

    Nellore (Andhra Pradesh), February 21 Two individuals have been arrested for allegedly running an online cricket betting racket by luring victims with promises of investment profits and diverting funds to betting platforms, a police official said on Saturday.The accused were identified as...
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    Immigration Officer Loses Rs 79 Lakh in Cryptocurrency Scam

    Mumbai, February 19 A 41-year-old immigration officer working at the Consulate General of Malaysia office in Mumbai has lost nearly 79 lakh rupees in a cryptocurrency investment scam, police said on Thursday.The victim approached the police authorities about one and a half years after the...
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    Ansal Housing Assets Frozen in Gurugram Project Probe

    Gurugram, February 19 – In a fresh development in the real estate fraud linked to the 'Ansal Hub-83' project in Gurugram's Sector-83, the Enforcement Directorate (ED) has attached immovable properties worth Rs 82 crore belonging to the promoters and senior officials of Ansal Housing Limited, an...
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    Fraudsters Arrested After Years of Operating Investment Schemes

    New Delhi, February 18 The Delhi Police has arrested a couple for allegedly defrauding 48 investors of around Rs 2 crore through illegal investment schemes, an official said on Wednesday.The accused, Chanderdeep Chamoli and his wife, Sarita Chamoli, were identified by the Economic Offences...
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    Police Investigate Rs 64 Lakh Cryptocurrency Scam

    Thane, February 18 A 44-year-old man working in the private sector was allegedly cheated out of approximately Rs 64 lakh in a cryptocurrency investment scam, which was carried out through a fake platform, Thane Police said on Wednesday.The victim made multiple transactions, totaling Rs 63.90...
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    Naga Woman Involved in Virtual SIM Box Operation Targeting Indian Citizens

    Gurugram, February 16 Gurugram Police, in a joint operation with the Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, arrested a Naga woman for allegedly providing support to cyber fraudsters originating from China, the police said on Monday.Authorities recovered seven...
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    Interstate Investment Scam Uncovered in J&K: 9 Arrested

    Srinagar, February 16 The Jammu and Kashmir Police has unearthed an interstate online investment scam worth Rs 209 crore in the Ganderbal district, and has arrested nine people, including the main operator from Delhi, officials said on Monday."So far, the police have collected details of 835...
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    Delhi Police Arrest Syndicate Member in Investment Fraud Case

    New Delhi, February 14 The Delhi Police has arrested a member of an international investment fraud syndicate, who was operating from Dubai and played a key role in arranging mule bank accounts for the gang, an official said on Saturday.The accused, identified as Rhonak Jagdish Bhai Thakkar...
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    Shwetambari Bhatt Released: SC Orders Bail in Multi-Crore Fraud

    New Delhi, February 13 The Supreme Court on Friday granted bail to filmmaker Vikram Bhatt’s wife, Shwetambari Bhatt, in a multi-crore rupee fraud case.The top court also sought responses from the Rajasthan Police and the complainant, Ajay Murdia, the founder of Indira IVF and Fertility Centre...
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    Social Media Investment Scam Targets Judicial Officer

    Hamirpur (HP), Feb 10 Police on Tuesday registered a case of cheating against unknown individuals after a judge here was allegedly defrauded of Rs 6 lakh under the guise of doubling the amount, an official said.The case came to light after the victim did not receive the promised profits...
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