investor fraud

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    Investigation Reveals Asset Attachments in NSEL Scandal

    Mumbai, March 27 – The ED has attached immovable properties worth ₹19.12 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the ₹5,600 crore fraud perpetrated by the National Spot Exchange Limited (NSEL), which impacted 13,000 investors, an...
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    Punjab & Delhi Properties Linked to Alleged Investment Scam Attached

    The Enforcement Directorate (ED) has provisionally attached 126 immovable properties worth over five thousand crore rupees across Punjab and Delhi. The ED stated that the action was taken in connection with a massive financial fraud linked to PACL Limited, under the provisions of the Prevention...
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    ED Attaches Properties in Punjab & Delhi Over ₹5,000 Crore Fraud

    The Enforcement Directorate (ED) has provisionally attached 126 immovable properties worth over five thousand crore rupees across Punjab and Delhi. The ED stated that the action is taken in connection with a massive financial fraud linked to PACL Limited under the provisions of the Prevention of...
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    Pearls Group Fraud: Properties Attached in ₹5B Case

    New Delhi, March 20 – The Enforcement Directorate (ED) attached 126 immovable properties, valued at ₹5,046.91 crore, spread across Punjab and Delhi, on Friday, in connection with a large-scale fraud perpetrated under the guise of a real estate investment scheme, operated by the Pearls Group...
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    Kolkata Couple's Investment Fraud Case: Court Denies ECL Director Bail

    New Delhi, March 17 A Delhi court has dismissed the bail plea of Kallarachal Abraham Johnson, a director of Exclusive Capital Limited (ECL), in a case related to the alleged cheating of investors based in Kolkata.Chief Judicial Magistrate Niharika Kumar Sharma rejected the bail application...
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    Mumbai and Chennai Searches Target Suspected Financial Irregularities

    Chennai, March 5 – The Enforcement Directorate (ED) has conducted coordinated searches at multiple locations in Mumbai and Chennai in connection with an alleged investor fraud involving M/s Atum Capital Pvt Ltd and its associated entities.The searches were carried out on February 27 under the...
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    Cyber Fraud Racket Targeting ₹39.41 Crore Busted in Gujarat

    Gandhinagar, March 3 – The State Cyber Crime Cell of the CID in Gandhinagar, Gujarat, has busted an inter-state cyber fraud racket allegedly responsible for cheating victims for over ₹39.41 crore, officials said on Tuesday.Two men, identified as Amit Gangera, a hair salon operator, and...
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    Exclusive Capital Fraud: Court Dismisses Bail Plea Amid Investigation

    New Delhi, February 21 A Delhi court on Saturday dismissed the bail plea of businessman Satya Prakash Bagla in a case related to the alleged cheating of investors based in Kolkata.Additional Sessions Judge Shunali Gupta rejected the bail application, stating that the allegations against Bagla...
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    Popular Finance Scam: Assets to Be Returned to Depositors

    Kochi, February 19 – In a major step towards compensating victims of the ₹2,000-crore Popular Finance scam, the Special Court for PMLA Cases at Ernakulam has ordered the return of assets worth ₹65.07 crore to the Competent Authority under the Banning of Unregulated Deposit Schemes Act, 2019...
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    Jayasurya Investigation: ED Seizes Assets Linked to 'Save Box' Scheme

    Kochi, February 18 The Enforcement Directorate said on Wednesday that it has attached an immovable asset worth Rs 39 lakh linked to popular Malayalam actor Jayasurya as part of a money laundering investigation related to alleged fraud with investors.The actor and his wife Saritha were...
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    ED Targets PACL Assets, Total Attachments Exceed Rs 17 Billion

    New Delhi, February 18 The Enforcement Directorate (ED) said on Wednesday that it has issued its largest single seizure order, attaching 247 immovable assets worth more than Rs 10,000 crore as part of its investigation into money laundering against Chandigarh-based PACL (Pearls Group).The...
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    Businessman Bagla Faces Bail Hearing Amid Allegations of Investor Fraud

    New Delhi, February 18 A Delhi court on Wednesday reserved its order on the bail plea of businessman Satya Prakash Bagla in a case linked to alleged cheating of investors based in Kolkata.Additional Sessions Judge Shunali Gupta heard the final arguments presented by the state on Wednesday and...
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    Fake Investment Racket Uncovered in Ganderbal, Mastermind Arrested

    Srinagar, February 16 – A fake online investment scam worth Rs 209 crore has been busted in the Ganderbal district of J&K, police said on Monday."The Jammu and Kashmir Police have busted a transnational fake online investment scam involving over Rs 209 crore by arresting an MBBS doctor from...
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    ED Files Chargesheet Against Maxizone Touch Over Rs 521 Crore Fraud

    Ranchi, February 16 – The Enforcement Directorate's Ranchi Zonal Office filed a chargesheet on Monday before the special court in Ranchi under the Prevention of Money Laundering Act (PMLA) against Maxizone Touch Private Limited and its directors, Chander Bhushan Singh and Priyanka.The case...
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    Transnational Investment Scam Uncovered in Jammu & Kashmir

    JK Police busts Rs 209 crore online investment scam in Ganderbal; nine arrestedThe Jammu and Kashmir Police have busted a Rs 209 crore transnational online investment scam in Central Kashmir's Ganderbal district, arresting nine accused, including a Haryana-based MBBS doctor. Police identified...
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    Businessman's Bail Application Challenged Amid Fraud Allegations

    New Delhi, February 13 A Delhi court heard arguments on Friday regarding businessman Satya Prakash Bagla's plea for bail in a case of alleged fraud against investors.Additional Sessions Judge Shunali Gupta heard the arguments presented by Bagla's counsel and adjourned the remaining...
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    Fraud Investigation Update: Armen Ataian Denied Bail Again

    Mumbai, February 9 A court here has denied bail to Ukrainian actor Armen Ataian, who is being held in connection with the Torres investment fraud case, citing the "gravity of the offense" and the possibility of "fleeing the country".Platinum Hern Pvt Limited, which operated the Torres brand...
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