The Supreme Court has dismissed the bail plea of jailed former CMD of Amrapali Group of Companies Anil Kumar Sharma, saying he doesn't deserve "sympathy" after having siphoned off the hard-earned money and life savings of thousands of homebuyers. "You have cheated thousands of homebuyers. You siphoned off their hard-earned money and their life savings. You do not deserve any sympathy," a bench comprising Justices Ajay Rastogi and Bela M Trivedi said, and refused to issue notice to the prosecuting agency on the bail plea of Sharma who has been in jail for over four years in the case. "Yours is not a case of simple cheating. See the plight of thousands of home buyers. You cannot have our sympathy. You better enjoy being in jail... This court is very aware of what you did.
The wife of alleged conman Kiran Patel, who was held in Jammu and Kashmir for posing as a top official in the Prime Minister's Office (PMO), was arrested on Tuesday for trying to usurp a senior citizen's bungalow in Ahmedabad, officials said.
A case has been registered against Karvy Stock Broking Ltd promoter C Parthasarathy and others for allegedly cheating ICICI Bank to the tune of Rs 563 crore.
The Madhya Pradesh Police have arrested the father of former Indian cricketer Naman Ojha in connection with a case of alleged embezzlement of funds in Betul district in 2013.
The accused were allegedly complicit in causing losses to the tune of Rs 1,000 crore to MSCB between 2007 and 2011.
The CBI has filed a charge sheet against former MD and CEO of ICICI Bank Chanda Kochhar, her husband Deepak Kochhar and Videocon Group founder Venugopal Dhoot in a Rs 3,250 crore loan fraud case, officials said on Saturday. The agency has filed the charge sheet under sections 120-B (criminal conspiracy) and 409 (criminal breach of trust) of the Indian Penal Code (IPC) and provisions of the Prevention of Corruption Act, among others, they said. The Central Bureau of Investigation (CBI) has named nine entities, including companies and individuals, according to the officials.
The case was registered by the Ahmedabad Crime Branch on a complaint accusing Setalvad and Anand of "fraudulently" securing grants of Rs 1.4 crore from the union government through their NGO Sabrang Trust between 2008 and 2013.
The Central Bureau of Investigation on Monday moved a designated special court for slapping the fresh charge of breach of trust by public servants against former Telecom Minister A Raja and two others in the 2G spectrum allocation case.
A Delhi court on Monday awarded three-year jail term to former coal secretary H C Gupta in a coal scam case related to irregularities in the allocation of a coal block in Maharashtra, a lawyer associated with the case said.
Patel, a resident of the Ghodasar area of the city, was arrested by the Jammu and Kashmir police earlier this month from a five-star hotel in Srinagar after the authorities grew suspicious about his activities.
A judicial magistrate (first class) granted bail to the 17-year-old boy's father Vishal Agarwal, a prominent builder, and his grandfather, who were arrested in May-end and are currently in judicial custody.
Bharatiya Janata Party MP Nishikant Dubey, who wrote to Lok Sabha Speaker Om Birla accusing Trinamool Congress's Mahua Moitra of taking 'bribes' from a businessman to ask questions in Parliament, has also written to IT Minister Ashwini Vaishnaw, urging him to investigate the IP addresses of her log-in credentials for the House.
Streedhan refers to gifts, money or property that a woman receives before her marriage, at the time of her marriage, during childbirth or widowhood, primarily from her parents, relatives or in-laws.
Delhi Police on Sunday slapped a case of cheating against Kiran Bedi for allegedly misappropriating funds meant for her NGOs in line with a court's directive, but the activist claimed she has "sound evidence and endurance" to deal with the FIR.
As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act, they said.
After a dip in 2020, the number of economic offences rose 19.4 per cent to 174,013 cases in 2021, according to the Crime in India report by the National Crime Records Bureau. The data shows that there was a marginal dip in the pendency of cases in 2021 at 96.6 per cent compared with 96.8 per cent in 2020, but this was still three percentage points higher than 93.6 per cent recorded in 2019. Economic offences include all offences of criminal breach of trust, counterfeiting, forgery, cheating, and fraud.
The action comes days after the CBI registered an FIR in the country's biggest alleged bank loan fraud case till date.
The CBI has filed an FIR against Amrapali Leisure Valley Developers Pvt Ltd, its director Anil Sharma and others for allegedly cheating Bank of Maharashtra and Andhra Bank of over Rs 230 crore, officials said on Friday. The banks had sanctioned credit facilities to develop a housing building at the Tech Zone IV in Uttar Pradesh's Greater Noida on a plot measuring 1.06 lakh square metre, the FIR alleged. The company failed to maintain financial discipline following which the account was declared a non-performing asset on March 31, 2017, the complaint from Bank of Maharashtra, now part of the FIR, has alleged, adding that "it has resulted in the loss of over Rs 230.97 crore". Following the FIR, the CBI Thursday conducted searches at four locations in Delhi, Noida and Ghaziabad, they said.
The Mumbai police have registered a case of cheating against Bharatiya Janata Party leader Kirit Somaiya and his son Neil for alleged misappropriation of over Rs 57 crore funds collected to save aircraft carrier INS Vikrant.
The accused were charged under Indian Penal Code sections -- 409 (criminal breach of trust by public servant, or by banker, merchant or agent), 420 (cheating) and 120B (punishment of criminal conspiracy).
Gahlot says he has no knowledge of Nair living in his official accommodation, AAP's Goa activities
The Enforcement Directorate questioned Delhi minister Kailash Gahlot for about five hours on Saturday and recorded his statement in connection with a money-laundering investigation linked to the Aam Aadmi Party government's now-scrapped excise policy, officials said.
A Delhi court remanded Rajasthan Royals' tainted trio Sreesanth, Ajit Chandila, Ankit Chavan and 10 others to five more days in police custody, in the Indian Premier League spot-fixing case, it was reported on Tuesday.
The hotel, Roseate House in Aerocity near the Indira Gandhi International Airport, has lodged a case at IGI Airport police station.
Investigators have not found any evidence against Team Anna member Kiran Bedi on allegations that she "looted" various paramilitary forces and police organisations in the name of imparting free computer training under the banner of her NGOs, police sources said on Monday.
Dravida Munnetra Kazhagam member of parliament Kanimozhi and Kalaignar TV Managing Director Sharad Kumar on Saturday opposed Central Bureau of Investigation's fresh plea of invoking an additional charge of criminal breach of trust on the ground that they were not the alleged beneficiaries of the 2G spectrum licences.
Earlier, she had filed a complaint in a Gurugram court against M/S Realtech Development and Infrastructure (INDIA) Pvt. Ltd, other developers, Sharapova and Schumacher for duping her of around Rs 80 lakh.
The Enforcement Directorate had filed the money laundering case after taking cognisance of a Central Bureau of Investigation FIR and chargesheet.
The arrest of Mayank Tiwari on Friday comes months after an Ahmedabad resident, Kiran Patel, was held from a five-star hotel in Jammu and Kashmir for posing as a senior official from the PMO.
Disgraced pacer S Sreesanth bought designer clothes worth Rs 1.95 lakh in Mumbai in a single day and gifted a costly smartphone to his girlfriend using the money he allegedly got from spot-fixing in IPL matches, Delhi Police claimed.
Suspended Trinamool Congress MP Kunal Ghosh, who was arrested on November 23 in connection with the Saradha Group chit fund scam, was today granted bail in the first among several cases lodged against him.
A Kolkata sub-divisional magistrate's court on Thursday sent Ponzi king Sudipto Sen and two other accused to police custody for 14 days over their role in the Saradha chit fund scam. Media reports said the bail pleas of the three swindlers had been rejected and that they were charged for fraud and criminal breach of trust under Sections 406 and 420 of the Indian Penal Code.
Isha was the custodian of the cash at the time it was being placed in the ATM.
The ED slapped criminal charges of money laundering on the basis of the Mumbai Police FIR that was filed in August this year, which itself was filed on the basis of a similar complaint by the state economic offences wing.
Sellers downloading their monthly financial reports were served with those of other vendors, leading to a breach of competitive businesses data.
A provisional order has been issued under the Prevention of Money Laundering Act against the newspaper's publisher Associated Journals Ltd and its holding company Young Indian, the central probe agency said in a statement.
Hearing in the bail plea of Dravida Munnetra Kazhagam member of Parliament Kanimozhi and five others in the 2G case will continue on Monday in the Delhi high court which on Friday said the Supreme Court judgment granting bail to five corporate executives was "silent" on a charge that attracts maximum punishment of life term in the case.
Former Telecom Minister A Raja on Friday opposed in a Delhi court the fresh plea of Central Bureau Investigation seeking framing of a charge for criminal breach of trust in the 2G spectrum allocation case against 17 accused, saying it was an attempt to keep him in jail.
