Fraud Case

  • Setback for Sahara chief, SC refuses to put him in house arrest May 19, 2014

    New Delhi: The Supreme Court on Monday rejected Sahara Group chief Subrata Roy's bail plea, refusing to convert his custody into house arrest. The apex court asked Sahara to come out with a concrete proposal to refund the money of crores of investors from whom the company allegedly illegally raised...
  • US: Indian physician arrested on health care fraud charges April 19, 2014

    New York: A 61-year-old Indian physician has been arrested on health care fraud charges and faces life imprisonment for illegally distributing opioid pain medication that resulted in the deaths of two patients in the US. Pawan Kumar Jain of New Mexico was arrested yesterday by the officials from the Drug Enforcement...
  • MEA disappointed with Devyani Khobragade's re-indictment March 15, 2014

    New Delhi: The Ministry of External Affairs has expressed disappointment at the re-indictment of Indian diplomat Devyani Khobragade in the US visa fraud case. The MEA also said that this was an unnecessary action. Khobragade's father too has slammed the action saying it is a result of aggression. "The act is...
  • Fraud cases of Rs 6,175 cr reported by PSU banks till January 2014 February 7, 2014

    New Delhi: Public sector banks have reported fraud cases of Rs 1 lakh and above amounting to Rs 6,174.83 crore till January during the 2013-14 financial year, Parliament was informed on Friday. For the entire 2012-13, such cases had amounted to Rs 8,232.67 crore; Rs 4,069.80 crore in 2011-12 and were...
  • BL Kushwaha, wanted in chit fund fraud case, takes oath as BSP MLA February 7, 2014

    Newly-elected BSP MLA from Dholpur BL Kushwaha, wanted in a chit fund fraud case, on Friday took oath of office and constitution in the chamber of Rajasthan Assembly Speaker. Speaker Kailash Meghwal administered the oath of office and constitution to Banwari Lal Kushwaha in his chamber as the session was adjourned...
  • New York: Khobragade seeks dismissal of visa fraud case against her January 15, 2014

    New York: Indian diplomat Devyani Khobragade has asked a court to dismiss the indictment against her and terminate any "open" arrest warrants in visa fraud case, arguing that she was "cloaked" in diplomatic immunity and cannot face criminal prosecution in the US. Khobragade's lawyer Daniel Arshack on Wednesday filed a...
  • India's strong reaction to Devyani incident jolted ties: US Ambassador December 31, 2013

    New Delhi: US Ambassador to India Nancy J Powell in her Happy New Year message to India has admitted that India's strong reaction to Devyani Khobragade arrest has jolted Indo-US relationship. In a message issued by the embassy she said, "Alongside these impressive developments, this forward movement has been jolted by...
  • Devyani arrest: BJP withdraws invite to US envoy for Modi's rally December 21, 2013

    New Delhi: The Bharatiya Janata Party on Saturday withdrew invite to the US envoy to protest Indian Deputy Consul General Devyani Khobragade arrest. The invite was for the US envoy to attend party prime ministerial candidate and Gujarat Chief Minister Narendra Modi's rally in Mumbai on Sunday. Earlier in the day,...
  • John Kerry calls Menon, voices 'regret' over Devyani Khobragade case December 19, 2013

    Washington: US Secretary of State John Kerry on Wednesday called India's National Security Advisor Shivshankar Menon and expressed his regret over the arrest and strip search of Indian Deputy Consul General Devyani Khobragade in New York City. State Department Deputy Spokeswoman Marie Harf said Kerry called Menon, who has slammed the...
  • Messi and his father pay five million euros in tax fraud case September 5, 2013

    Madrid: Barcelona forward Lionel Messi and his father Jorge have paid five million euros to the Spanish authorities after they were accused in June of filing false tax returns, a court statement said on Wednesday. The pair had deposited 5,016,542.27 euros last month as a "corrective payment", the court in Gava...
  • Man wanted in Dehradun fraud case arrested from Bhopal September 4, 2013

    Madhya Pradesh Special Task Force (STF) has arrested a man in Bhopal in connection with a fraud case which was registered by CBI in New Delhi. According to STF officials, accused Avinash Agarwal is wanted in a case relating to illegal withdrawal of Rs 9.27 crore from the account of Tehri...
  • Have started inquiry against Reebok's key officers: ICAI June 4, 2013

    New Delhi: Accounting regulator ICAI on Tuesday said it has begun an inquiry against 'key management persons' of global sportswear major Reebok with regard to a fraud unearthed in 2012, but is yet to initiate the inquiry against the company's auditor at that time. The Institute of Chartered Accountants of India...
  • Reebok fraud amount 'far from reality': Police May 24, 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...
  • Kerala: PIL against Isaac in CST fraud December 7, 2011

    THIRUVANANTHAPURAM: A public interest litigation (PIL) was filed in the Vigilance court here seeking a probe against former Finance Minister Thomas Isaac, former Taxes Secretary T Mara Pandian, Commercial Taxes Deputy Commissioner Muralidharan, and cashew dealers Abdul Salam and Rajkumar in the Central Sales Tax (CST) fraud committed by cashew...
  • Satyam case: SC notice to CBI on Raju's bail October 21, 2011

    New Delhi: Satyam founder B Ramalinga Raju and his brother B Rama Raju, arrested in connection with the multi-crore accounting fraud involving the IT firm, will have to remain in jail during Diwali as the Supreme Court on Friday refused to give them interim relief saying they have delayed in...
  • Satyam fraud case: SC grants bail to 5 accused October 12, 2011

    New Delhi: The Supreme Court on Wednesday gave a conditional bail of six months to former Satyam employees G Ramakrishna, D Venkatpathi Raju, Srisailam, Ramalinga Raju's brother B Suryanarayana Raju, Satyam's former MD B Rama Raju and former PricewaterhouseCoopers (PwC) auditor Subramani Gopalakrishnan in the Rs 617 crore income tax...
  • SC orders status quo on Rs 617 cr Satyam tax case April 6, 2011

    New Delhi The Supreme Court on Wednesday ordered the Central Board of Direct Taxes (CBDT) to maintain status quo on its demand for Rs 617 crore income tax from Satyam Computer, while asking for a list of the actual liabilities of the scam-hit information technology (IT) firm. A three-judge bench headed...
  • Citibank fraud not a one-man show: petitioner January 5, 2011

    New Delhi: The petitioner in Citibank fraud case Sanjeev Aggarwal on Wednesday slammed Citibank, saying the multi-national bank should own up for whatever has gone wrong. He said that he had sent many queries regarding unauthorised inflows in his account, but none of them were answered. Aggarwal said, "I came to...
  • SC issues notice to Raju on his bail case October 1, 2010

    The apex court has asked Raju, the main accused in the Satyam fraud case, why his bail should not be cancelled. ...
  • Satyam founder Raju appears in court August 26, 2010

    Hyderabad: Satyam scam accused Ramalinga Raju speaks for the first time after being out on bail. He appears at local court, accompanied by a doctor in Hyderabad on Thursday. This is his second appearance after being granted bail by Andhra High Court. Raju hasn't made any appearance for questioning in court...
  • Indian American gets 12 years jail term for drug scam December 15, 2009

    Washington: An Indian American has been sentenced to 12 years in prison by a Texas court and ordered to pay $68 million in restitution for his involvement in an elaborate rogue internet pharmacy scheme. Rakesh Jyoti Saran, 47, of Arlington, Texas, pleaded guilty to one count of conspiracy to commit healthcare...
  • Billionaire cricket promoter on sticky wicket June 19, 2009

    Boston: Allen Stanford, the once high-flying Texas billionaire with a Caribbean knighthood and a penchant for publicity and cricket, has been brought down to earth with a thud after surrendering to the FBI. The founder and chairman of Stanford Group once credited his grandfather with giving him "the inspiration to dream"...
  • US govt shuts Stanford's companies for $8 bn fraud February 18, 2009

    New York: The federal government says R. Allen Stanford's investment businesses were too good to be true, and shut his companies down on Tuesday. Two months after Bernard Madoff was accused of running the largest investment fraud in history, Securities and Exchange Commission officials raided the offices of Stanford, a...
  • L&T to raise stake in Satyam | Board meeting begins January 27, 2009

    New Delhi: Engineering and infrastructure major Larsen and Toubro (L&T) on Tuesday said that it might further raise its stake in the scam-tainted Satyam Computers. "Overall, we are only trying to improve our situation," company chairman A.M Naik told a news channel. "If nothing else, to really make L&T Infotech...
  • Satyam directors, employees shocked January 7, 2009

    Hyderabad: Directors of the beleaguered IT major Satyam Computers Wednesday expressed shock the admission of founder-chairman B. Ramalinga Raju to committing a fraud to the tune of Rs.40 billion (Rupeess.4,000 crore or $823 mln) before he resigned, along with Managing Director Rama Raju. The Hyderabad-based Satyam said in a statement that...