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.
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.
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.
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.
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.
New twist emerges in Bihar's toppers controversy.
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.
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.
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.
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.
Sandeep Raut has been asked to depose before the central agency at its office in Mumbai next week, they said, adding his statement will be recorded under the Prevention of Money Laundering Act.
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.
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.
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.
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).
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.
The Champai Soren-led coalition government in Jharkhand will seek trust vote on February 5, minister Alamgir Alam said on Friday after a Cabinet meeting.
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.
The court's observation came while granting bail to a person accused of running call centres in the country and defrauding United States citizens to the tune of about $20 million.
Dubious and personal expenses of Rs 1,000 crore were made from bank-loan funds for Jet Airways founder Naresh Goyal and his family members even as the airline "diverted" money to some tax havens, the Enforcement Directorate (ED) alleged on Saturday, after arresting the businessman in a money-laundering case. Goyal (74) was taken into custody late on Friday night after the central probe agency took him to its Mumbai office from Delhi. A special court set up to deal with cases lodged under the Prevention of Money Laundering Act (PMLA) on Saturday sent him to the ED's custody for 10 days, till September 11.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
Gullible bank customers are getting fooled by callers who scare or lure them.
The Enforcement Directorate has arrested the chairman and the managing director (MD) of Mumbai-based Omkar Realtors and Developers in connection with a money laundering case against them linked to the alleged loan fraud in Yes Bank, official sources said on Wednesday.
The Mumbai police has formed a special investigation team to probe a fake COVID-19 vaccination camp racket that took place in several places in the metropolis, leading to the arrest of 10 persons, a senior official said.
Without naming either the alleged kingpin of the fraud, billionaire jeweller Nirav Modi, or Punjab National Bank, Jaitley questioned the ethics of some businesses in the country and asked as to why the bank's internal and external auditors could not detect the fraud which had been going on for 7 long years.
Recorded versions or bhajans being recited by those present at the temples were played out at around 5 am to counter the morning azaan being recited on the loudspeakers.
He is accused of promising to take people as part of his troupe and then leaving them in Canada and the United States.
Disgraced former chairman of Satyam Computer Services B Ramalinga Raju late Friday evening surrendered before Andhra Pradesh's Director General of Police S S P Yadav, according to a police spokesperson.
Sri Lanka Cricket, currently fighting the menace of deep-rooted corruption, was dealt a blow after its Chief Financial Officer was arrested for alleged financial fraud, police said on Monday.
Three Indians have pleaded guilty to criminal charges of conspiring to commit student visa and financial aid fraud through a for-profit school they ran and agreed to forfeit over USD eight million to federal authorities.
Former Pakistan Test batsman Ijaz Ahmed has been released on bail after spending nearly seven weeks in detention on fraud charges, his lawyer said on Tuesday. Kashif Javed told Reuters the Lahore high court had allowed Ijaz to be released on bail due to health problems. He had been denied bail three times by lower courts but spent most of the time while detained in hospital complaining of severe asthma.
The arrest of Nilesh Dasondi, noted community activist and Edison zoning board member, in an immigration scam involving his company, Cygate Software and Consulting, has shocked the community. Dasondi, 41, is charged with violations including visa fraud and conspiracy to commit visa fraud.They posed as software experts and were sponsored for H1-B visas by Cygate; in the event, they were running shops or doing other businesses, according to court papers.
A Chartered Accountant firm hired to help crack the Rs 460 crore (Rs 4.6 billion) fraud at a Citibank branch will submit its report soon, says Gurgaon police.
Former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar were released from jail on Tuesday morning, a day after the Bombay high court granted them interim bail in a loan fraud case, a police official said. Chanda Kochhar walked out of the Byculla women's prison in Mumbai, while her husband was released from the Arthur Road jail, the official said. The CBI arrested Kochhars on December 23, 2022 in connection with the Videocon-ICICI Bank loan case.
Donald J Trump's opponents and supporters gathered near the US district court in Washington, DC as the former American president, who is facing federal charges related to attempts to overturn his 2020 election defeat, appeared before the judge on Thursday, August 3, 2023.
Senior Indian diplomat Devyani Khobragade was today indicted for visa fraud and making false statements but can leave the US as she has been accorded diplomatic immunity.
