New Delhi: The Government has finally reacted to the Reebok India fraud with Corporate Affairs Minister Veerappa Moily saying that something wrong has been found in the books of Reebok India. The minister has also said that the matter has now been referred to the Serious Fraud Investigation Office (SFIO) for further investigation. Reebok India has alleged a Rs 870 crore fraud by its former Managing Director Subhinder Singh Prem...
03:37 PM, May 29, 2012
Mumbai: Sahil Peerzada has been summoned by the Mumbai Income Tax department just days after he was in the news in connection with the alleged molestation row in the Indian Premier League. The I-T notice for Sahil Peerzada is for an alleged gold fraud four years ago. Peerzada along with another man, Raees Khan, had allegedly defrauded a metal scrap trading corporate of Rs 464 crore. The gold fraud co-accused,...
01:33 PM, May 28, 2012
Gurgaon: The Gurgaon Police, which is investigating the alleged Rs 870-crore fraud in Reebok India by former MD Subhinder Singh Prem and COO Vishnu Bhagat, on Thursday said the company's claim is "far from reality" and the amount "would be less". "The amount involved in the scandal would be less," Maheshwar Dayal, DCP (East), Gurgaon said. When asked what could be the magnitude of the scandal, he did not elaborate...
05:40 PM, May 24, 2012
New York: A New York bride who faked having terminal cancer to swindle well-wishers into funding her dream wedding and honeymoon to the Caribbean on Wednesday was ordered to repay more than $ 13,000 to her victims, prosecutors said. Jessica Vega, 25, pleaded guilty last month to fraud and forgery charges for deceiving people in the Hudson Valley area of New York into thinking she had only a few months...
03:20 PM, May 24, 2012
New Delhi: Adidas Group on Wednesday issued a statement on the alleged Reebok India fraud saying that it will cooperate with the authorities in the investigations. In its statement, Adidas Group said, "We are given to understand that our criminal complaint has been registered for investigation by the Indian law enforcement authorities. Please understand that we cannot provide any further details since the matter now rests with the Indian law...
11:52 AM, May 23, 2012
New Delhi: In what could be the second biggest corporate scandal after Satyam, Reebok India has alleged a Rs 8,700 crore fraud by its former Managing Director Subhinder Singh Prem and former Chief Operating Officer Vishnu Bhagat. Reebok lodged an FIR with the Gurgaon police alleging that Prem and Bhagat had 'stolen' products by setting up 'secret warehouses', fudged accounts and indulged in fictitious sales to cause a multi-crore dent...
08:07 AM, May 23, 2012
Patna: Self-proclaimed godman Nirmal Baba on Monday moved the Patna High Court challenging the legality of the non-bailable arrest warrant issued by a court in Araria in Bihar against him. Vindhyachal Prasad Singh, an advocate, filed the application on behalf of the Baba. The court of Araria Chief Judicial Magistrate Satyendra Razak had issued a warrant of arrest on Saturday on the basis of an FIR filed on April 21...
04:17 PM, May 21, 2012
New Delhi: A local court in Bihar on Saturday issued a non-bailable warrant against spiritual leader Nirmal Baba in connection with a cheating and forgery case. Chief Judicial Magistrate's court in Araria district of Bihar issued the arrest warrant against the Delhi-based spiritual leader. The court's order comes in connection with a forgery case filed in Forbesganj court last month. Nirmal Baba has been in the line of fire after...
04:17 PM, May 19, 2012
New Delhi: Taking note of recent instances of fraud, the CBI has warned people to beware of conmen posing as its officers and asking money to manage their complaints or cases. "Certain instances of some conmen or fraudsters posing as CBI officers or acquaintances of CBI officers and trying to extort money or favours from the general public or public servants have come to the notice of the Central Bureau...
07:43 PM, May 14, 2012
Lucknow: The Lucknow Police have registered an FIR against him self-styled godman Nirmal Baba. Nirmal Baba has been charged with cheating, fraud and impersonation under various sections of the Indian Penal Code. The Police acted following a local court order based on a complaint filed by an 17-year-old. Tanya Thakur complained after watching the baba's TV show Nirmal Darbar in which he offers solutions to people's problems. Sections under which...
01:06 PM, May 12, 2012
Mumbai: A 45-year-old man was arrested on Tuesday by a squad led by the additional police commissioner (western region) for allegedly impersonating a NASA scientist and cheating single women on matrimony sites. According to cops, the accused, identified as Atul Sharma, a resident of Lokhandwala in Andheri (West) used to meet eligible single women through matrimonial websites. He would make wedding plans with them, and lure them into investing huge...
12:54 PM, Apr 25, 2012
Washington: India's IT giant Infosys brought in Indian workers illegally to US and often abused business visa rules requiring foreign workers to be paid US market rate, a former company insider has alleged. Infosys could just have easily found local IT specialists to do what they were bringing foreigners in to do, at a fraction of the cost, Jay Palmer, a consultant for the firm was quoted as saying by...
12:29 PM, Apr 13, 2012
Islamabad: A former Pakistani beauty queen has been accused of duping scores of Californians in an elaborate loan scam before fleeing the US. Saman Hasnain, who won the 2008 Mrs Pakistan World beauty pageant, and her husband Jawad, have been accused of duping South Bay, California, homeowners into giving them money for a loan-modification scam which they operated from 2008 until October 2010. Saman is being described by the American...
01:32 PM, Mar 31, 2012
Washington: Microsoft Corp claimed a victory in efforts to combat online banking fraud, saying it had confiscated several servers used to steal login names and passwords, disrupting some of the world's most sophisticated cybercrime rings. The software maker said on Monday that its cybercrime investigation group also took legal and technical actions to fight notorious criminals who infect computers with a prevalent malicious software known as Zeus. By recruiting computers...
11:13 AM, Mar 27, 2012
Washington: An Indian American physician in Chicago has been convicted of a health care fraud by a federal grand jury, the US Justice Department said. Dr Jaswinder Rai Chhibber, 43, faces a maximum penalty of 70 years of imprisonment, and a fine of $2,250,000 for being found guilty of five counts of healthcare fraud and four counts of making false statements involving a health care benefits programme between 2007 and...
09:33 AM, Mar 15, 2012
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