New Delhi: Fraudsters are on the prowl in the job market and are using names of big companies like Maruti Suzuki, Samsung and Videocon to entice unsuspecting applicants into their trap. The sudden rise in such fraud cases, where applicants are asked to make payments towards some incidental expenses, has led to the companies issuing public notices to warn against such fraudulent job offers. The fraudulent scheme, wherein job seekers...
05:11 PM, Jan 31, 2011
We have sent my sister in a very proper manner, says Ajay Kishor, brother of a student. ...
08:16 AM, Jan 31, 2011
Washington: Duped by an American university, a harassed group of Indian students has met the Consul General in San Francisco seeking help to complete their studies and claimed that they have not violated any law. A group of 35 students from Tri-Valley University (TVU) yesterday met Consul General Sushmita Gongulee Thomas. Thomas said she had also sought factual position from the US Government on the status of these students. "We...
11:30 AM, Jan 28, 2011
Gurgaon: Shivraj Puri, the main accused in the estimated Rs 400 crore fraud at Citibank's Gurgaon branch, was remanded in 14 days' judicial custody by a local court on Friday. Chief Judicial Magistrate D N Bhardwaj ordered Puri to be taken into judicial remand for 14 days till January 28 at a hearing on Friday. Puri has been in police custody for the past 14 days in connection with the...
07:21 PM, Jan 14, 2011
Gurgaon: Shivraj Puri, the mastermind of the Rs 300 crore Citibank fraud, has implicated his father Raghuraj Puri in the case. Puri reportedly told the court that Rs 50 crore of the scam money was invested in his father's company. Police also told the Gurgaon court of Chief Judicial Magistrate DN Bhardwaj that Puri has said his father was an equal accomplice. Raghuraj Puri is a director in Norman Martin...
05:07 PM, Jan 12, 2011
Washington: US Federal regulators have charged the co-founder of a New York hedge fund and three others including an Indian American executive in what has been called the biggest insider-trading case in US history. Sunil Bhalla, a former senior Indian American executive of tech company Polycom, was charged on Monday with hedge fund Trivium Capital Management, its co-founder Robert Feinblatt, analyst Jeffrey Yokuty, and Shammara Hussain, an employee at a...
10:11 AM, Jan 11, 2011
New Delhi: A 20-year-old man was arrested for duping the man who had provided him shelter and employment and treated him like a son for six years, police said Saturday. The accused, Gajender, was a resident of Uttar Pradesh and pretended to be an orphan before Mukesh Kumar, a resident of Delhi, at a railway station in Kanpur, six years back. "Kumar took pity on the boy and brought him...
10:29 AM, Jan 09, 2011
New Delhi: A 20-year-old man was arrested for duping the man who had provided him shelter and employment and treated him like a son for six years, police said Saturday. The accused, Gajender, was a resident of Uttar Pradesh and pretended to be an orphan before Mukesh Kumar, a resident of Delhi, at a railway station in Kanpur, six years back. "Kumar took pity on the boy and brought him...
10:29 AM, Jan 09, 2011
Gurgaon: A local court on Saturday extended police remand of Hero Group's senior official Sanjay Gupta by seven days to January 15 in connection with the Rs 300 crore Citibank fraud case. Gupta, an Assistant Vice-President with Hero Group, allegedly invested about Rs 250 crore belonging to promoters of the Group and other companies through Shivraj Puri, the alleged master mind of the scam. Police had earlier arrested Gupta under...
03:49 PM, Jan 08, 2011
Gurgaon: Citibank manager Shivraj Puri, accused of masterminding a Rs 300 crore fraud, was handed a six-day police remand on Thursday. "Puri was produced in court and he has been remanded to six-day police custody," Puri's lawyer Sartaj Baswana said. An official said police took Puri's custody to trace an iPad that contains important information. Also, experts with knowledge in stock exchange functioning would question him during the remand period....
04:59 PM, Jan 06, 2011
New Delhi: A debt-ridden businessman and a bank clerk were arrested along with two others in north Delhi for allegedly fraudulently withdrawing Rs 33 lakh from the account of a teenaged boy using forged cheques, the police said today. The clerk Dinesh Chandra Chauhan (59) allegedly provided details of the account and specimen of signature of the account-holder to businessman Manoj Tyagi who conspired with others to get a fresh...
10:20 AM, Jan 06, 2011
New Delhi: The first complainant in the Rs 300 crore Citibank fraud, has described it as a systemic failure and has alleged the fraud is not just a bank issue, and multiple parties might be involved. Sanjeev aggarwal, MD, Helion Advisors says, "I came to know about this a month back, when we got a very cryptic call from Citibank officials, stating that there is a problem in Shivrajs' account....
06:00 PM, Jan 05, 2011
New Delhi: The Reserve Bank is investigating the Rs 300 crore fraud in Citibank's Gurgaon branch, which saw diversion of depositors funds in stock markets. "RBI is investing the matter (Citi Bank fraud)," a key Reserve Bank source said. The fraud at the Citibank's Gurgaon branch, involving diversion of depositors money into the stock market, was uncovered last week. Several high networth individuals (HNIs), including promoters of Hero Group, were...
04:11 PM, Jan 05, 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 know about this a month back, when we got a very cryptic call from Citibank officials, stating that there...
03:33 PM, Jan 05, 2011
New Delhi: Citibank has dismissed allegations of involvement of its senior executives in the Rs 300 crore fraud at its Gurgaon branch as claimed by high networth individual Sanjeev Aggarwal who lost Rs 32.43 crore in the cheating case. "As this individual (Sanjeev Aggarwal, managing director of Helion Advisors) knows well, Citi identified the fraud and immediately reported the matter to the regulators and the law enforcement agencies," Citibank said...
02:07 PM, Jan 05, 2011
Gurgaon: Two more Hero Group employees allegedly colluded with the company's former associate vice-president, Sanjay Gupta, in the multi-crore rupee Citibank scam. The Enforcement Directorate has asked Gurgaon police to give it documents related to the investigation. Hero Corporate Service on Wednesday released a statement saying the two employees - Ganpat Singh and Gaurav Jain - working in the accounts department are also involved in the nearly Rs 300 crore...
11:25 AM, Jan 05, 2011
Gurgaon: Raghuraj and Deeksha Puri, parents of Citibank manager Shivraj Puri who is accused of masterminding a Rs 300 crore fraud, were summoned by the police on Tuesday to help in the investigations, police said. Gurgaon Police Commissioner SS Deswal on Tuesday sent a letter to Raghuraj's Mumbai-based company Normans Martin as the parents remain untraceable, said a police officer, requesting anonymity. The police also unearthed eight accounts of the...
03:42 PM, Jan 04, 2011
Gurgaon: Another arrest in the sensational Citibank fraud case. Sanjay Gupta, associate vice president of Hero Corporate Services has been arrested for helping the main suspect Shivraj Puri. Puri who is in the police custody has confessed that it was Sanjay Gupta who helped him. Sanjay Gupta's arrest came less than a week after an executive at Gurgaon's Citibank branch, Shivraj Puri, was arrested on charges of defrauding wealthy customers....
10:01 PM, Jan 03, 2011
Gurgaon: Hero Group CFO Sanjay Gupta has been arrested by Gurgaon police in the multi-crore Citibank fraud case. Sources told CNN-IBN that Gupta recommended Citibak employee Shivraj Puri to other people in the Hero Group in return for a commission of about Rs 20 crore from him. He has been sent to police custody for five days. Gupta was also aware of the fact that Puri used to present fake...
01:20 PM, Jan 03, 2011
New Delhi: From fake certificates to the Rs 400 crore Citibank fraud: The RBI has initiated a probe, the governor is expected to make a statement on Saturday. The case has shaken the trust of consumers in their bankers. CNN-IBN tells you a few simple tips that you should take to ensure that the relationship manager at your bank does not manipulate you. It's no lottery - just one of...
09:24 AM, Jan 01, 2011
