Ghanshyam Sahu, a resident of Uparwara of Durg, sold two acres of land to invest the proceeds in a chit fund company, only to realise he had been duped. Like hundreds others, Sahu had given up hope of getting the money back. So when he received Rs 9 lakh from the state government last month, he couldn't believe his luck. "I did not expect the money to be recovered," he candidly told Chhattisgarh Chief Minister Bhupesh Baghel at an event in January.
Reddy, who appeared at the Central Crime Branch office in Bengaluru on Saturday, was arrested after the questioning ended on Sunday morning
The Enforcement Directorate (ED) ED will soon seek an Interpol arrest warrant against liquor baron Vijay Mallya based on a non-bailable warrant issued on Monday by a Mumbai court in a money laundering case.
Federal Bureau of Investigation agents on Tuesday arrested 48 foreign exchange brokers in connection with a probe into securities and currency fraud, according to a CNN/Money report.
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
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Jignesh Shah, the promoter of National Spot Exchange Ltd (NSEL), and its former CEO Anjani Sinha on Friday traded charges in connection with the multi-crore payment crisis at the crippled bourse which has affected over 13,000 investors.
The data said the ED filed a total of 176 Enforcement Case Information Reports (ECIRs), equivalent to a police FIR, against existing and ex MPs, MLAs and MLCs which comes to 2.98 percentage of the total 5,906 such complaints filed since the law came into being.
The government on Wednesday said it will not relook at the investigations handled by arrested Company Law Board member R Vasudevan, when he was heading the inspection department of the ministry of corporate affairs.
Prashant and Abhay were nabbed after one Manoj Kumar Sauguna complained that he had deposited approximately Rs 1.47 lakh in their account after he got an e-mail that he had won a million pounds in an online lottery, the police said on Tuesday.
'The district administration failed and it was a very costly failure.'
American media quoted Trump's attorneys as saying that the 76-year-old Republican leader, eying the White House for a second time in 2024, will plead not guilty.
News of all that's transpired on and off the football field
A high-ranking US Navy official has been charged with accepting prostitutes, luxury travel and USD 100,000 in cash from a foreign defence contractor in exchange for classified and internal navy information.
Trump becomes the first former US president to face a criminal charge.
Gokulnath Shetty, then deputy manager (now retired), Manoj Kharat, a single window operator of PNB, and Hemant Bhat were taken into custody by the agency
Some ex-MLAs from Punjab, too, had received similar threats from these numbers. The callers spoke to them in Mumbai accent and in Punjabi, the IGP said.
China on Thursday played down what appeared to be a tense conversation between President Xi Jinping and Canadian Prime Minister Justin Trudeau on the sidelines of the G20 summit a day earlier, saying the conversation is "candid, normal" and should not be interpreted as criticism or threat.
A British court on Tuesday opened the continuation appeal hearing in the extradition case of Nirav Modi, who is wanted in India on the charges of fraud and money laundering amounting to an estimated $2 billion in the Punjab National Bank (PNB) loan scam case. The 51-year-old diamond merchant had lodged an appeal last year against his extradition order on mental health grounds. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided over an initial hearing at the High Court in December last year to determine whether District Judge Sam Goozee's Westminster Magistrates' Court ruling from February 2021 in favour of extradition was incorrect to overlook the diamond merchant's "high risk of suicide".
The 79-year-old activist also demanded an inquiry by a sitting judge of the Jharkhand high court.
Costa Rica has opened investigations into the president of the country's soccer federation who was among seven FIFA executives arrested in Switzerland on Wednesday on corruption charges brought by prosecutors in the United States.
The top court had in 2020 directed installation of CCTV cameras and recording equipment at the offices of investigating agencies, including the Central Bureau of Investigation, the Enforcement Directorate and National Investigation Agency, which conduct interrogations and have the power of arrest.
She reportedly informed the board that she is not well and unable to appear for the re-exam.
A police official said the woman was injured in her abdomen and a hand and has been rushed to a hospital while the accused managed to flee.
Indian diplomat Devyani Khobragade has asked a court in New York to dismiss the indictment against her and terminate any 'open' arrest warrants in the visa fraud case, arguing that she was 'cloaked' in diplomatic immunity and cannot face criminal prosecution in the United States
The United States has hoped that the major diplomatic row over the arrest of the Indian Deputy Consul General in New York will not affect bilateral ties with India. In a major diplomatic embarrassment to India, 39-year-old Devyani Khobragade, a 1999-batch IFS officer, was taken into custody on Thursday as she was dropping her daughter to school and handcuffed in public on visa fraud charges before being released on a USD 250,000 bond after pleading not guilty.
A member of the financial watchdog committee at soccer's ruling body FIFA has been charged with fraud, money-laundering and breach of trust by police in the Cayman Islands.
Appearing in a federal courthouse in downtown Washington, DC, Trump entered the not guilty plea before Indian-American judge Magistrate Moxila Upadhyaya.
Did the fear of central agencies probing scams involving NCP leaders that forced these politicians to jump ship?
Rajesh Agarwal, the chartered accountant, was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds.
Panthic politics came easily to Parkash Singh Badal. But he was quick to abandon it when it became a problem, points out Aditi Phadnis.
'These three wrestlers (Bajrang Punia, Vinesh Phogat and Sakshi Malik) are indirectly or directly part of the Congress.'
"The four directors of the company, including Michael Ferreira, have been brought to Hyderabad from Mumbai on warrant," a senior police official attached to Central Crime Station, a wing of Hyderabad Police, said on Wednesday.
The notice, which acts as an international arrest warrant, states that Purvi Deepak Modi, 44, is required on charges of "money laundering".
Launching a scathing broadside over the arrest of Delhi law minister, the Aam Aadmi Party government on Tuesday.
Based on repeated appeals from Choksi, who is wanted in the Rs 13,000 crore bank fraud in Punjab National Bank and is holed in Antigua and Barbuda after fleeing from India in 2018, the CCF removed his name from the Red Notice list in November 2022, the CBI said in a statement.
A UK court on Monday ruled that Sanjay Bhandari, an accused middleman and consultant in arms deals, can be extradited to India to face charges of tax evasion and money laundering.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
Brazilian police began investigating allegations of corruption in its soccer industry on Thursday, prompted by the arrests of top officials at world soccer body FIFA in a US bribery probe.
The continuation appeal hearing in the extradition case of Nirav Modi, the fugitive diamond merchant wanted in India to face charges of fraud and money laundering amounting to an estimated $2-billion Punjab National Bank (PNB) scam case, is listed to be heard in the high court in London on June 28. The 51-year-old diamond merchant had lodged an appeal against his extradition order on mental health grounds. "The hearing is listed for the 28th June," confirmed the Royal Courts of Justice administrative office last week.
