Dubai Fraud
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Investors, Including Indians, Lose Millions As Dubai Firm Vanishes Overnight
A UAE-based brokerage firm vanished overnight, taking millions of dirhams from investor funds.
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Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
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Indian Expat Arrested For Haj Pilgrimage Fraud That Scammed 150 UAE Citizens: Report
Shabin Rasheed, who runs the Sharjah-based Baitul Ateeq travel agency, was taken into custody by the Dubai Police earlier this month.
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Dubai-Based UK Trader To Be Extradited To Denmark Over $1.8 Billion Fraud
Sanjay Shah, who was arrested in the Emirati financial hub last June, is wanted over an alleged 1.7 billion euro scam to help companies fraudulently claim Danish tax refunds.
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Rajkot Police Nab Two Individuals Accused of Cryptocurrency Fraud Worth Rs. 38 Lakh
Rajkot police have managed to nab two individuals who were allegedly running a cryptocurrency racket by setting up a portal where people were duped into signing smart contracts.
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Freedom 251 Maker Mohit Goel Arrested in Rs. 200 Crore Dry Fruit Fraud Case: Report
Mohit Goel first grabbed headlines when his company, Ringing Bells, promised on delivering a Freedom 251 smartphone for an astonishing price of Rs. 251. Those promises were never fully met and Goel was later accused of multiple frauds, including a death threat as well.
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Consumer Goods Firm Cheats Thousands, 2 Arrested From Noida: Police
The Noida Police has arrested two officials of a consumer goods import-export company accused of duping billions of rupees from thousands of people across the country by tricking suppliers, officials said on Monday.
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Kingpin Of Rs 2.5 Crore Delhi Cryptocurrency Racket Arrested On Arrival From Dubai
A 60-year-old person has been arrested in Delhi for allegedly heading a racket that had swindled at least Rs2.5 crore from some 45 people under the garb of being a cryptocurrency promoter. He was held by the Economic Offences Wing of Delhi police on arrival from Dubai where he had fled to in 2018, setting up a new business altogether, after having ...
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Mehul Choksi's Dubai Properties, Mercedes Car, Worth 24 Crores Seized
The Enforcement Directorate (ED) in a statement today said it attached properties worth Rs 24 crore belonging to diamond trader Mehul Choksi.
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Do Not Fall Prey To Bogus Job Offers In UAE, Consulate Tells Indians
Consulate General of India in Dubai has asked job seekers to stay away from fraudulent job advertisements luring Indians to the UAE.
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Nirav Modi's 11 Properties In Dubai, Worth Rs 56 Crore, Seized By Enforcement Directorate
The Enforcement Directorate has attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the USD 2-billion Punjab National Bank (PNB) fraud case.
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Ruckus In Kerala Assembly Over Fraud Allegations Against CPM Leader's Son
Kerala CPI-M state secretary Kodiyeri Balakrishnan, whose elder son Binoy Balakrishnan is caught in fraud allegations involving a Dubai firm, faced backlash in the assembly from treasury and opposition benches.
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'Gulf Dream': India Warns Job Seekers Against Fake UAE Visas
In the first half of 2017, the Indian Consulate received 540 labour complaints mostly due to fake employment offers.
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CBI Arrests Absconding Kolkata Tycoon In Bank Fraud Cases
An absconding Kolkata business tycoon Nillesh Parrekh was arrested on Monday by the CBI on his arrival here from Dubai in an ongoing probe into the Rs 2,223 crore loss to 20 Indian banks, an official said here.
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Dubai Arrests Indian Businessman For Alleged Fraud
The Indian owner of a Dubai-based foreign exchange trading firm who had promised to double investors' money has been arrested in the emirate for suspected fraud, a newspaper reported Tuesday.
-
Investors, Including Indians, Lose Millions As Dubai Firm Vanishes Overnight
A UAE-based brokerage firm vanished overnight, taking millions of dirhams from investor funds.
-
Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
-
Indian Expat Arrested For Haj Pilgrimage Fraud That Scammed 150 UAE Citizens: Report
Shabin Rasheed, who runs the Sharjah-based Baitul Ateeq travel agency, was taken into custody by the Dubai Police earlier this month.
-
Dubai-Based UK Trader To Be Extradited To Denmark Over $1.8 Billion Fraud
Sanjay Shah, who was arrested in the Emirati financial hub last June, is wanted over an alleged 1.7 billion euro scam to help companies fraudulently claim Danish tax refunds.
-
Rajkot Police Nab Two Individuals Accused of Cryptocurrency Fraud Worth Rs. 38 Lakh
Rajkot police have managed to nab two individuals who were allegedly running a cryptocurrency racket by setting up a portal where people were duped into signing smart contracts.
-
Freedom 251 Maker Mohit Goel Arrested in Rs. 200 Crore Dry Fruit Fraud Case: Report
Mohit Goel first grabbed headlines when his company, Ringing Bells, promised on delivering a Freedom 251 smartphone for an astonishing price of Rs. 251. Those promises were never fully met and Goel was later accused of multiple frauds, including a death threat as well.
-
Consumer Goods Firm Cheats Thousands, 2 Arrested From Noida: Police
The Noida Police has arrested two officials of a consumer goods import-export company accused of duping billions of rupees from thousands of people across the country by tricking suppliers, officials said on Monday.
-
Kingpin Of Rs 2.5 Crore Delhi Cryptocurrency Racket Arrested On Arrival From Dubai
A 60-year-old person has been arrested in Delhi for allegedly heading a racket that had swindled at least Rs2.5 crore from some 45 people under the garb of being a cryptocurrency promoter. He was held by the Economic Offences Wing of Delhi police on arrival from Dubai where he had fled to in 2018, setting up a new business altogether, after having ...
-
Mehul Choksi's Dubai Properties, Mercedes Car, Worth 24 Crores Seized
The Enforcement Directorate (ED) in a statement today said it attached properties worth Rs 24 crore belonging to diamond trader Mehul Choksi.
-
Do Not Fall Prey To Bogus Job Offers In UAE, Consulate Tells Indians
Consulate General of India in Dubai has asked job seekers to stay away from fraudulent job advertisements luring Indians to the UAE.
-
Nirav Modi's 11 Properties In Dubai, Worth Rs 56 Crore, Seized By Enforcement Directorate
The Enforcement Directorate has attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the USD 2-billion Punjab National Bank (PNB) fraud case.
-
Ruckus In Kerala Assembly Over Fraud Allegations Against CPM Leader's Son
Kerala CPI-M state secretary Kodiyeri Balakrishnan, whose elder son Binoy Balakrishnan is caught in fraud allegations involving a Dubai firm, faced backlash in the assembly from treasury and opposition benches.
-
'Gulf Dream': India Warns Job Seekers Against Fake UAE Visas
In the first half of 2017, the Indian Consulate received 540 labour complaints mostly due to fake employment offers.
-
CBI Arrests Absconding Kolkata Tycoon In Bank Fraud Cases
An absconding Kolkata business tycoon Nillesh Parrekh was arrested on Monday by the CBI on his arrival here from Dubai in an ongoing probe into the Rs 2,223 crore loss to 20 Indian banks, an official said here.
-
Dubai Arrests Indian Businessman For Alleged Fraud
The Indian owner of a Dubai-based foreign exchange trading firm who had promised to double investors' money has been arrested in the emirate for suspected fraud, a newspaper reported Tuesday.
