FRAUD

  • Bengaluru: Rs 280 crore duped in online money fraud 1 week ago

    Bengaluru: Approximately Rs 280 crore were duped from the people in Bengaluru in online money fraud. The police are hunting for Dhamodar Reddy, the main accused, and five others have been arrested in the case. The police have registered case of cheating and money circulation against the accused. Additional Commissioner of Police...
  • Satyam scam: Ramalinga Raju, Rama Raju sentenced to 6 months in jail December 8, 2014

    Hyderabad: The Special Economic Offences Court in Hyderabad sentenced Satyam founder-chairman B Ramalinga Raju and his brother Rama Raju to six months in jail in the Rs 617 crore income tax fraud case. The brothers have also been fined Rs 10 lakhs in five separate cases. In connection with the complaints...
  • Scamsters pose as RBI chief Raghuram Rajan, lure people to deposit Rs 15,500, get Rs 5.50 crore December 5, 2014

    New Delhi: Taking bank lottery scam to a new level, scamsters are using the name and picture of RBI chief Raghuram Rajan to lure gullible people into making a cash deposit of Rs 15,500 to get a winning amount of Rs 5.50 crore. The 'lottery' amount that they promise to credit...
  • Judge refuses to drop Messi tax fraud charges October 4, 2014

    Barcelona: A Spanish judge rejected an appeal filed by Lionel Messi's lawyers on Friday to drop tax fraud charges against the Barcelona star. The judge rebutted the counter demand that Messi be excluded from the case against him and his father, who are accused of withholding 4 million euros ($5.3 million)...
  • 'Real Housewives of New Jersey' couple get prison in fraud case October 3, 2014

    (Reuters) - Teresa Giudice, star of "The Real Housewives of New Jersey," was sentenced on Thursday to 15 months in prison and her reality television co-star husband to 41 months behind bars in their federal fraud case. The couple arrived holding hands at U.S. District Court in Newark, where Judge Esther...
  • Delhi Police to have unit to probe frauds of less than Rs 2 crore September 20, 2014

    New Delhi: Delhi Police plans to have a specialised unit to investigate the cases of fraud running below Rs two crore, a senior Delhi Police official said. The unit, which will work under the supervision of Economic Offense Wing (EOW), would be formed at all 11 districts each. At present,...
  • Delhi: Two youths arrested for duping buyers September 13, 2014

    New Delhi: Two youths, who used to allegedly dupe gullible buyers by posting online ads of highend smartphones at throwaway prices and then handed them cheap duplicates have been arrested, police said. The two accused, identified as Harpreet Singh (21) and Sahil (21) were arrested by the staff of Outer district....
  • Guwahati: 248 SIM cards bought with fake papers seized, 2 held September 13, 2014

    Guwahati: Two persons were arrested and 248 preactivated mobile SIM cards purchased with fake identity papers seized from their possession by a joint security team in Assam's Sonitpur district. Based on an intelligence input, the Army and the police launched a joint operation and arrested Md...
  • Indian American from Chicago indicted in visa fraud August 28, 2014

    Washington: A 30yearold Indian American businessmen has been indicted on charges for exploiting a US visa program to fraudulently raise approximately $160 million from nearly 290 Chinese nationals who invested in the project while seeking US residency. Chicagobased Anshoo Sethi, who purported to be building a $912 million hotel and convention...
  • IMF's Christine Lagarde put under investigation in French fraud case August 27, 2014

    Paris: IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. Lagarde was questioned by magistrates in Paris this week for a fourth time under her existing status as a witness in...
  • PACL to move Tribunal against Sebi order August 22, 2014

    New Delhi: Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, PACL Ltd on Friday said it will approach the Securities Appellate Tribunal against the directive of the capital markets regulator. "Sebi has unfortunately failed to recognize the submissions of the company...
  • Sebi cracks down on Rs 50,000 crore moneypooling scheme August 22, 2014

    New Delhi: In its biggestever crackdown on a largescale illicit money pooling scheme estimated at nearly Rs 50,000 crore, regulator Sebi on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Ltd and refund of investors' money within three months. Besides, the capital markets regulator also said it...
  • Syndicate Bank case: Court orders proclamation proceedings August 22, 2014

    New Delhi: A special CBI court on Friday ordered issuance of process for the presence in court of alleged middleman Purushotam Totlani, who is evading arrest in connection with the Syndicate bank bribery case. Special CBI Judge Swarana Kanta Sharma observed that the accused was "concealing himself" and despite issuance of...
  • Afghan election resolution inches forward with audit deal July 31, 2014

    Kabul: Afghanistan's floundering attempts to declare a winner of its presidential election inched forward on Thursday with a deal allowing an audit of all votes to restart, but the United Nations warned of the risk of further delays. Alleged fraud during the June 14 election has plunged the country into a...
  • 7 officials suspended for fault in construction of apartment July 24, 2014

    Seven officials, including an IAS officer, has been suspended for alleged faults in the construction of an apartment at Gomtinagar in Lucknow during the previous BSP regime. "On the directives of the Chief Minister, seven officers posted in the Lucknow Development Authority (LDA) at the time of the construction of River...
  • Kannada starlet honey traps a doctor, demands Rs 1 crore, police bust racket July 4, 2014

    Bangalore: This incident has all the ingredients of a masala movie. A struggling actress and her friends with a 'criminal' background come together to extort money from the rich people after honey trapping them. The actress, who has acted in several Kannada and Tamil movies, seduces a rich doctor, they...
  • Kerala: Woman arrested for duping on pretext of IPL selection trials June 16, 2014

    Kochi: A 43yearold woman has been arrested for fraud after she allegedly conducted selection trials for boys by falsely promising them IPL berths. Nazarath Shahabuddhin from Thiruvananthapuram was arrested by Aluva police following complaints from the boys' parents and remanded in judicial custody, police said on Monday. ...
  • One arrested for cheating people by posing as a government official June 14, 2014

    A person, who allegedly used to cheat people by posing as a government official, was on Friday arrested after he called a senior police official posing as an officer posted at chief minister's residence and asked for police enforcement. Amin alias Chhanga called the office of Superintendent of Police on June...
  • Former Bank Manager, Assistant arrested for Rs 34 crore fraud June 3, 2014

    A former South Indian Bank manager and his assistant have been arrested for their alleged involvement in a Rs 34 crore fraud case two years ago. Uttarakhand Police and sleuths of Special Task Force, led by Senior Superintendent of Police DC Dhondiyal, arrested former SIB Manager Manoj Kumar Aar from Tamil...
  • Police arrest former bank manager, assistant for Rs 34 crore fraud June 3, 2014

    A former South Indian Bank manager and his assistant have been arrested for their alleged involvement in a Rs 34 crore fraud case two years ago. Uttarakhand Police and sleuths of Special Task Force, led by Senior Superintendent of Police DC Dhondiyal, arrested former SIB Manager Manoj Kumar Aar from Tamil...
  • Former Oriental Bank executives booked for fraud May 20, 2014

    A case of fraud was registered on Tuesday against three persons, including former senior executives of the Oriental Bank of Commerce (OBC) in Jodhpur, for allegedly trying to cause a loss of about Rs 3.80 crore to the bank. CBI officials said that a case has been registered against Rakesh Kumar...
  • Two booked for allegedly duping tour operator of Rs 1.8 lakh May 20, 2014

    A case was registered against two officebearers of a Delhibased travel agency for allegedly duping another tour operator to the tune of Rs 1.8 lakh, police said on Monday. The case was registered at Pardeshipura police station in Indore against the owner of Delhibased Amazing Super Travels Time Ltd, Abhishek Rathi...
  • 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...
  • Two arrested in alleged ATM card fraud case May 13, 2014

    Two persons, allegedly the members of an interstate gang which withdraws money online wrongfully from other people's account have been arrested, police said on Monday. Taking cognisance of several complaints during last three months, district police has formed a task force headed by Additional SP (Operation) to look into the cases,...
  • 3 Indians convicted for role in $15 million medicare fraud in US May 1, 2014

    New York: Three Indian medical professionals have been convicted by a federal jury for their participation in a nearly $15 million medicare fraud scheme in the US. Physical therapist Shahzad Mirza, 43, physical therapy assistant Jigar Patel, 30, and foreign medical school graduate without a license to practice medicine Srinivas Reddy,...
  • Bhopal: Doctors keep dead woman on the ventilator for a week, booked April 26, 2014

    Bhopal: In a shocking incident in Bhopal, four doctors of a private hospital have been booked for allegedly keeping a dead person on the ventilator for a week. A case of cheating for monetary gain has been registered. The deceased's family had filed a complaint alleging that the hospital kept...
  • Kerala: Accused in a get-rich-quick scheme surrenders April 21, 2014

    Thiruvananthapuram: Sabarinath, the main accused in the 'Total 4 u' financial fraud has surrendered at a magistrate court in Thiruvananthapuram after absconding for about three years. The case that dates back to 2008 was that he had cheated about 1,000 investors to the tune of Rs 200 crore. He had wooed...
  • SC panel report hints at gold pilferage in Padmanabhaswamy temple April 19, 2014

    New Delhi: Sri Ananthapadmanabha Swamy Temple in Thiruvananthapuram which has gold worth over Rs 1 lakh crore is in the news again. The Supreme Court appointed Amicus Curie and former Solicitor General of India Gopal Subramanian has made some startling revelations in his report to the Apex court. According his...
  • 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...
  • Double blow for Jaya, Chennai and Bangalore courts demand her appearance April 3, 2014

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa has suffered two legal blows on Thursday. The additional chief metropolitan court in Chennai has dismissed the petition filed by the CM seeking her exemption from appearing in court. The case relates to the non-filing of IT returns from 1991 to 1994. The court has...