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
Mumbai: Greed isn't always good. Haryana-based RC Mishra learnt this after paying a hefty price: Rs 51 lakh. The Joint General Manager of Ircon International Limited is the latest victim of what is widely known as the 'Nigerian email fraud'. Haryana police has now detained two conmen from Mumbai and Thane who had cheated the complainant. Recently, Mishra got an email claiming he had won the 'Microsoft Award' in an...
12:41 PM, Jan 17, 2012
New Delhi: Outraged over a case filed by Satyam against it, audit firm Price Waterhouse on Monday said it was an attempt to shift responsibility to auditors. "Price Waterhouse India is outraged that Satyam is attempting to shift responsibility to auditors for the consequences of a carefully and deliberately concealed fraud that was undertaken at the direction of its own senior management," said a statement by the audit firm. The...
09:19 AM, Jan 10, 2012
Buffalo: Facebook and its founder will try to have a man's lawsuit claiming part ownership of the USD 50 billion social networking website thrown out of court after securing proof the contract on which it's based is fake, a Facebook attorney said. Experts determined that the ink on the document, which Paul Ceglia of New York claims he and Facebook founder Mark Zuckerberg signed in 2003, is less than two...
04:54 PM, Dec 14, 2011
Washington: The Obama administration has welcomed Russian President Dmitry Medvedev's promise to investigate allegations of fraud in recent parliamentary elections. But Secretary of State Hillary Rodham Clinton says the proof of the Russian government's resolve will be in how it conducts the probe and what actions it ultimately takes. Clinton called the government's willingness to investigate "reassuring." She said the US is pleased that protests across Russia because of the...
02:50 AM, Dec 13, 2011
Moscow: Tens of thousands of Muscovites thronged to a city square to protest against alleged electoral fraud and against Russian Prime Minister Vladimir Putin and his party on Saturday, and demonstrators gathered in other rallies across the vast country, the largest public show of discontent in post-Soviet Russia. The protests come three months before Putin, who was president in 2000-2008 and effectively remained the country's leader while prime minister, is...
07:28 PM, Dec 10, 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 dealers. The case has been posted for consideration on December 31. D Venugopal Nambiar, an educational activist here, filed the...
08:14 AM, Dec 07, 2011
New York: An Indian spiritual guru has been found guilty by a federal jury of selling religious worker visas to Indians for over $ 30,000 each to enable them to enter the US fraudulently. Sagarsen Haldar, 31, also known as Gopal Hari Das, identified himself as the president of a Hindu temple Gaudiya Vaisnava Society (GVS) in Milwaukee. A federal jury in the Eastern District of Wisconsin found Haldar guilty...
08:14 AM, Nov 20, 2011
CHENNAI: The Central Crime Branch sleuths on Wednesday arrested two more Sri Lankans in connection with ATM fraud, even as the number of complaints from credit card users has touched 272. So far, three gangs have been busted, 15 persons held and some 1,000 fake ATM cards seized and the illegally swiped money estimated to be more than Rs 1 crore. The latest arrests came following a complaint lodged by...
08:59 AM, Nov 10, 2011
New York: US authorities on Wednesday charged seven people living in Estonia and Russia with using malicious software to hijack millions of computers worldwide to redirect Internet searches toward online ads. Starting in 2007, the suspects created fake companies that contracted with legitimate advertiser websites to drive Internet traffic toward their Internet pages, according to a Manhattan federal court indictment. About 4 million computers in 100 countries including the United...
08:28 AM, Nov 10, 2011
