In a major relief to 25,753 teachers and non-teaching staff of West Bengal, the Supreme Court on Tuesday stayed the order of the Calcutta high court order invalidating their appointment made by the state's School Service Commission (SSC) in the state-run and state-aided schools.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
'This year's detection of frauds and probable recovery will be mainly driven by several compliance measures put in place, and amendments made to the GST regime to plug revenue leakages particularly in new-edge sectors.'
A former top executive of Citigroup has been charged for allegedly siphoning off more than $19 million from the bank, the latest in a string of frauds that have come to light at the global banking giant.
Jharkhand Governor C P Radhakrishnan on Thursday nominated Jharkhand Mukti Morcha legislative party leader Champai Soren as the chief minister and invited him to take the oath, capping a day of fast-paced developments.
The septuagenarian, who turned teary-eyed, submitted that he misses his wife Anita very badly and said she is in the advanced stage of cancer, according to court records.
A special court in Mumbai on Monday rejected Jet Airways founder Naresh Goyal's applications seeking medical checkup by his personal doctor on regular basis and home-cooked food inside prison.
The Bombay High Court on Wednesday rejected an application seeking pre-arrest bail filed by Samville D'Souza, whose name had cropped up in connection with allegations of pay-off in the case of drug seizure in which Aryan Khan, actor Shah Rukh Khan's son, was arrested.
The 111 people charged across nine cities are accused of various healthcare fraud-related crimes, including conspiracy to defraud Medicare, criminal false claims, money laundering and aggravated identify theft.
On October 31, Chaudhuri was arrested from his Delhi home by the Jaisalmer police for his alleged role in crippled Rs 200 crore Garh Rajwada hotel project in the city which was sold for Rs 25 crore to Alchemist ARC in March 2014. The project was financed by the bank in 2007.
Fugitive diamantaire Nirav Modi's sister and brother-in-law have "turned approvers" in the over $2 billion PNB fraud case against him and they will help the Enforcement Directorate confiscate assets worth Rs 579 crore, including Swiss bank deposits, the agency said on Thursday. Forty-nine-year-old Nirav Modi, who is currently lodged in a London jail, his uncle Mehul Choksi and others are being probed by the Enforcement Directorate (ED) in the Punjab National Bank (PNB) money laundering case since 2018. The diamond merchant's younger sister Purvi Modi (47) is a Belgian national while her husband Maiank Mehta is a British citizen. They are stated to be based abroad and have never joined the probe.
Days after the fraud allegedly masterminded by diamantaire Nirav Modi came to light, the prime minister asked the management of financial institutions as well as the supervisory bodies to do their job diligently to check such frauds.
The Delhi police unearthed a multi-crore corporate fraud and arrested the kingpin of the racket, a hotelier who allegedly cheated as many as six major banks in Delhi by extracting loans furnishing forged documents.
The Enforcement Directorate on Wednesday said it has attached in London, Dubai and India assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a money laundering investigation linked to an alleged bank loan fraud. The attached properties include 17 residential flats, bungalows and commercial premises. Located in London, Dubai and various cities in India, these properties are in the name of various companies like Jetair Private Limited and Jet Enterprises Private Limited, Goyal, his wife Anita, and son Nivaan, the central agency said in a statement.
While the US government did not reveal the nationality of the arrested people, names released by authorities indicate that 10 of them are either Indians or of Indian-origin.
Navalny, who was imprisoned in a penal colony east of Moscow was sentenced to 19 years in prison in August after he was found guilty of creating an "extremist community, financing extremist activities" and numerous other crimes.
The father of Olympic shooting champion Abhinav Bindra was arrested in Delhi on Thursday for alleged fraud. He was arrested in connection with two cases of fraud and a trial court in Delhi issued a non-bailable arrest warrant against him.
The top court, however, refused to stay the counselling of successful candidates for admissions to Bachelor of Medicine, Bachelor of Surgery, Bachelor of Dental Surgery and other courses.
The Reserve Bank could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial sector.
Most of the legal cases in the UK are switching to videolink and telephonic options where possible, with all new jury trials suspended amid the social distancing rules in place to combat the COVID-19 pandemic.
Former British Army soldier Daniel Abed Khalife, 21, who was awaiting trial on charges of breaching the UK's Official Secrets Act at Wandsworth Prison in south-west London, escaped allegedly by clinging to the under-carriage of a delivery van.
Amid a political crisis in Jharkhand, Jharkhand Mukti Morcha legislative party leader Champai Soren on Wednesday called on Governor C P Radhakrishnan and urged him to accept his claim to form the government at the earliest.
Wedding.con is a watchable show, if only to caution people about the latest scams, notes Deepa Gahlot.
The former Satyam employees, who were granted bail, were its former internal chief auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam. The fifth accused, who got the bail, is PWC's former auditor Subramani Gopalakrishnan.
New twist emerges in Bihar's toppers controversy.
The president of the California-based Tri-Valley University, Susan Xiao-Ping Su, has been indicted by a federal grand jury on the allegations of visa fraud and money laundering that affected nearly 1,500 Indian students.
Justice Bharati Dangre granted them bail as the Enforcement Directorate failed to file its charge sheet in the case within the stipulated 60-day period.
Modi, a diamond jeweller whose designs have been worn by Hollywood stars, is now believed to be running a new business, which describes itself on the UK's Companies House register as a wholesale trader in watches and jewellery and a retailer of watches and jewellery in specialised stores.
From , May 15 (PTI) Four Indian Americans, including a physician and three co-owners of a health clinic from Chicago, have been charged with healthcare fraud estimated to be running into millions of dollars. Federal law enforcement officials said three Indian Americans Ankur Ro ...
Sources said Sankaran has been arrested on the grounds of abusing his powers in IL&FS Financial Services Ltd through fraudulent conduct and in granting loans to entities that were not credit-worthy or were declared as non-performing accounts.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
If convicted, each defendant faces a maximum penalty of 30 years.
California based Tri-Valley University president Susan Xiao Ping Su, finally got arrested early on Monday morning. She has been indicted by the federal grand jury on 33-criminal counts, charging her with wire fraud, mail fraud, visa fraud and conspiracy to commit visa fraud, use of a false document, making false statements to a government agency, alien harboring, customs enforcement's homeland security investigations.
Showing no signs of yielding to India's demand, the United States on Saturday said that Devyani Khobragade's transfer to India's Permanent Mission at the United Nations will not give her diplomatic immunity retroactively and the visa fraud case against her would remain.
Accusing the Union government of using the central agencies to target leaders like former finance minister P Chidambaram and others, Kamal Nath expressed hope that the court will take a right decision in the case.
Delhi Police has unearthed a major investment fraud involving a whopping Rs 980 crore (Rs 9.8 billion) and arrested three directors of a company and an assistant sub-inspector of police
An FIR has been registered against Shivraj and his parents for allegedly duping a Mumbai businessman and his wife of Rs 13 crore (Rs 130 million) while he was out on bail.
According to a complaint from Bank of Baroda, the conspirators allegedly cheated a consortium of bank loans of Rs 3,695 crore. The scam was earlier estimated at around Rs 800 crore.
Gullible bank customers are getting fooled by callers who scare or lure them.
The Bombay high court on Friday heard prosecution and defence arguments on the applications of former ICICI Bank CEO and MD Chanda Kochhar and her businessman-husband Deepak Kochhar, challenging their arrest by the Central Bureau of Investigation (CBI) in an alleged loan fraud case, and reserved its verdict which will be delivered on Monday. The Kochhars, along with Videocon group founder Venugopal Dhoot, were arrested by the CBI late last month for their alleged roles in the case and the trio is currently in jail under judicial custody. The Kochhar couple has termed their arrest as "illegal" on the ground that no sanction was obtained prior to the CBI action as required under provisions of the Prevention of Corruption Act (PCA).
