Fraud Case

Probe Agency Attaches Assets Of Over Rs 9,000 Crore Of Sterling Biotech Firm

India News | Press Trust of India | Wednesday June 26, 2019

The Enforcement Directorate (ED) has attached assets worth over Rs 9,000 crore in connection with its money laundering probe against Gujarat-based pharmaceutical firm Sterling Biotech, which is allegedly involved in a multi-crore bank fraud case, officials said today.

4 Arrested In Rs 60 Crore GST Fraud Case In Noida

Noida News | Press Trust of India | Saturday June 22, 2019

With the arrest of four men and unearthing of six fake firms, the Special Task Force of the Uttar Pradesh Police Friday claimed to have busted a GST evasion racket of nearly Rs 60 crore.

Killed Liquor Baron Ponty Chadha's Son Gets Bail In Fraud Case

India News | Press Trust of India | Monday June 17, 2019

The son of Ponty Chadha, the liquor and real estate baron who was killed in a shootout six years ago, was granted bail today in an alleged real estate fraud case.

Government Alleges 22 Audit Violations By Deloitte, KPMG Arm In Fraud Case

Business | Thomson Reuters | Thursday June 13, 2019

The auditing firms gave clean audit reports and "deliberately" failed to report fraudulent activities at IFIN, said a 214-page tribunal filing.

ICICI Reported Most Number Of Fraud Cases In 11 Years Worth 5,000 Crores

India News | Press Trust of India | Wednesday June 12, 2019

Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported highest number of cases, according to an RBI data.

Bank Frauds Worth An Unprecedented Rs 71,500 Crore Reported In 2018-19: RBI

Business | Press Trust of India | Monday June 3, 2019

In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore, according to data from the central bank. A total of 4,534 and 4,093 such cases were reported in 2010-11 and 2011-12 involving Rs 3,815.76 crore and Rs 4,501.15 crore, respectively.

3 Indians Charged In Million-Dollar Computer Service Fraud In US

Indians Abroad | Press Trust of India | Wednesday May 29, 2019

Three Indians have been charged in a million-dollar fraud scheme in the US in which they remotely accessed computers belonging to senior citizens without authorisation, caused the machines to malfunction and lured the victims' into purchasing phony computer repair services.

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.

CBI Raids Jagan Mohan Reddy's Party Candidate In Alleged Bank Fraud Case

India News | Reported by Arvind Gunasekar, Edited by Vaibhav Tiwari | Tuesday April 30, 2019

The CBI is conducting searches on the premises of Raghurama Krishnamaraju, the Lok Sabha election candidate from Jagan Mohan Reddy's YSR Congress Party, in an alleged bank fraud case in Hyderabad.

CBI Calls TDP Leader YS Chowdary For Questioning In Bank Fraud Case

India News | Press Trust of India | Thursday April 25, 2019

The CBI has called former Union minister and Telugu Desam Party (TDP) leader YS Chowdary for questioning in a bank fraud case, officials said on Thursday.

Mehul Choksi Moves High Court After 'Inability To Return' Plea Rejected

India News | ANI | Wednesday April 24, 2019

Mehul Choksi's counsel Vijay and Ashul Agarwal submitted his detailed medical history citing his ailments constraining him from travelling and hence leading to his inability to return to India.

2 Men Allegedly Promise IPL Selection For Son, Con Villager Of Rs 75 Lakh

Cities | ANI | Tuesday April 23, 2019

The villager claimed that he sold off his property and handed over the money in full to one of the two brothers after they promised his son's selection in IPL team.

Rs 13 Crore GST Fraud Unearthed In Noida, Officials Yet To Make Arrests

Noida News | Press Trust of India | Sunday April 14, 2019

The Uttar Pradesh Special Task Force (STF) and the sales tax department have unearthed a Rs 13 crore tax fraud case involving two subsidiaries of a company which carried out the embezzlement by means of bogus invoicing, officials said Saturday.

Statues Take Center Stage In Nirav Modi Fraud Case

India News | Josh Saul, Bloomberg | Friday April 5, 2019

A collection of valuable Asian sculptures is being claimed by the estate of a bankrupt U.S. jewelry company once owned by the billionaire Nirav Modi, who allegedly defrauded the Punjab National Bank of $2 billion, despite his wife's attempts to gain possession of the sculptures, according to a court filing.

Probe Agency Attaches Rs 315 Crore Assets Of Firm Linked To TDP Lawmaker

India News | Press Trust of India | Wednesday April 3, 2019

The ED on Tuesday said it has attached assets worth Rs 315 crore in connection with a money laundering and alleged bank fraud case against a firm promoted by TDP MP YS Chowdary.