Fraud

Indian-Origin Man In US Accused Of Wire Fraud Worth $98 Million

Indians Abroad | Press Trust of India | Saturday May 18, 2019

An Indian-origin man in the US has been indicted for committing wire fraud worth $98 million, the Department of Justice said on Friday.

Chanda Kochhar's Brother-In-Law Allowed To Visit US By Delhi Court

India News | Press Trust of India | Thursday May 16, 2019

A Delhi court Thursday allowed former ICICI Bank CEO Chanda Kochhar's brother-in-law Rajiv Kochhar, a suspect in a bank loan fraud and money laundering case, to travel abroad for 10 days.

Donald Trump Pardons Disgraced Media Mogul Conrad Black: White House

World News | Agence France-Presse | Thursday May 16, 2019

President Donald Trump on Wednesday pardoned disgraced media mogul Conrad Black, who served more than three years in prison in the US for fraud and obstruction of justice.

Paytm Mall Hit With Rs. 5-10 Crore Cashback Fraud

Indo-Asian News Service | Wednesday May 15, 2019

Paytm Mall on Tuesday said it has been hit by a cashback fraud which could be in the range of Rs. 5-10 crores.

Paytm Mall Says Up To Rs 10-Crore Cashback Fraud Detected

Business | Indo-Asian News Service | Wednesday May 15, 2019

According to Forrester Research, the market share of Paytm Mall almost halved in 2018 -- to 3 per cent from 5.6 per cent in 2017. The audit reportedly revealed that a number of employees were colluding with junior employees to earn the cashbacks.

Nigerian Couple Arrested For Attempting ATM Fraud In Mumbai

Mumbai News | Press Trust of India | Tuesday May 14, 2019

A Nigerian man and woman were arrested for allegedly placing a skimmer and micro-camera at an ATM kiosk in suburban Kandivali to fraudulently withdraw money, police said Tuesday.

Chanda Kochhar, Husband Appear Before Enforcement Directorate Again

India News | Press Trust of India | Tuesday May 14, 2019

Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar on Tuesday again appeared before the Enforcement Directorate in Delhi in connection with an alleged bank loan fraud and money laundering case registered against them.

"Desperate Housewives" Actor Admits Role In US College Admission Scandal

World News | Reuters | Tuesday May 14, 2019

Actress Felicity Huffman tearfully pleaded guilty on Monday to paying to rig a college entrance exam for her daughter, part of a wide-ranging scandal in which wealthy parents used fraud to secure their children spots at prominent U.S. universities.

Actress Felicity Huffman To Plead Guilty To US College Cheating Scam

World News | Reuters | Monday May 13, 2019

Actress Felicity Huffman is due to plead guilty on Monday to paying to have someone cheat on her daughter's behalf on a college entrance exam, part of a wide-ranging scandal in which wealthy parents used bribery and fraud to secure their children spots at prominent US universities.

Chanda Kochhar Appears Before Enforcement Directorate In Loan Fraud Case

India News | Press Trust of India | Monday May 13, 2019

Former ICICI Bank CEO Chanda Kochhar on Monday appeared before the Enforcement Directorate in connection with an alleged bank loan fraud and money laundering case registered against her.

Indian-Origin Doctor Prescribed Illegal Narcotics, Jailed In US For Fraud

Indians Abroad | Press Trust of India | Saturday May 11, 2019

Indian-origin doctor Pawankumar Jain has been sentenced to nine years in prison by a US court for committing health care fraud and illegally distributing prescription painkillers.

Serious Fraud Investigation Office May Probe Jet For 'Fund Diversion'

Business | Indo-Asian News Service | Thursday May 9, 2019

The fresh investigation follows recommendation given by MCA's Mumbai regional office after inspecting the airline's books.

Amazon Hit by Extensive Fraud With Hackers Siphoning Seller Funds

Jonathan Browning, Bloomberg | Thursday May 9, 2019

Amazon was hit by an "extensive" fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year.

Nirav Modi Denied Bail Again, Security Offer Was Doubled To 2 Million Pounds

India News | Press Trust of India | Wednesday May 8, 2019

Fugitive diamantaire Nirav Modi, the main accused in the Punjab National Bank fraud and money laundering case, was denied bail for the third time by a court in UK on Wednesday.

Fake Job Racket In Name Of Ayushman Bharat Busted By Police, 4 Arrested

India News | Indo-Asian News Service | Wednesday May 8, 2019

The Delhi Police has arrested four persons for cheating over 360 unemployed youths of various states to the tune of over Rs 50 lakh on the pretext of providing jobs under the Prime Minister Narendra Modi's ambitious project "Ayushman Bharat Yojna", a police officer said on Tuesday.