A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.
The owner of Shivam Associates in Belagavi has been arrested following allegations of multi-crore investment fraud and unregulated financial activities. Authorities are investigating the firm's dealings with thousands of investors.
A woman constable in Mumbai Police was allegedly defrauded of Rs 12.46 lakh after her mobile phone was hacked via an APK file, leading to a personal loan being fraudulently obtained in her name.
Mumbai Police's 1930 cyber helpline has successfully intercepted and frozen over 101 crore defrauded from citizens in the last five months, preventing significant financial losses.
Police in Lucknow busted a gang that misused the Mudra loan scheme to create fake GST firms and commit input tax credit fraud worth approximately Rs 1.3 crore.
Punjab minister Sanjeev Arora has been sent to judicial custody for two weeks in connection with an alleged Rs 100-crore money laundering case. The Enforcement Directorate produced Arora before the court after completing his extended remand. The minister's next court appearance is scheduled for June 1st.
A Haryana government employee has been arrested in connection with the Rs 590 crore IDFC First Bank fraud case, which involved state government accounts and led to the recovery of nearly Rs 556 crore within 24 hours.
Seven individuals have been booked in Jaipur for alleged land fraud, forgery, and criminal conspiracy following a court order. The accused are alleged to have created forged property documents to illegally take possession of residential plots in the Narayan Vihar area.
Delhi Police have dismantled an interstate cyber fraud network, arresting three individuals involved in digital arrest and investment scams that defrauded victims of over Rs 80 lakh.
A Mumbai court has rejected a plea by a couple, former officials of New India Co-operative Bank, accused of a Rs 122-crore fraud, to appear via video conferencing from the UK, deeming their request as showing 'huge abysmal entitlement'. The couple cited a 'hostile environment' and 'threats to their lives' if they returned to India.
The CBI has arrested Lakhan Jaiprakash Jagwani, a key accused in a case involving the alleged defrauding of US nationals of USD 8.5 million through illegal call centres.
The Enforcement Directorate (ED) is shifting its focus to emerging financial crimes such as cryptocurrency fraud, terror financing, cyber-enabled crimes, and narcotics trafficking, according to Director Rahul Navin. The agency reported a high conviction rate and significant asset restitution to victims of financial fraud.
Delhi Police arrested 27 individuals across 11 states for involvement in cyber fraud cases exceeding Rs 1.5 crore, uncovering a network engaged in various scams including investment fraud and social media impersonation.
The Enforcement Directorate has attached a bungalow belonging to former Kolkata Police deputy commissioner Santanu Sinha Biswas in connection with a land grab and fraud case. The ED also conducted searches at multiple locations, recovering gold, cash, and property documents.
The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.
The Anti-Corruption Bureau registered an FIR, while the state government constituted a committee to examine the fraud.
Gurugram Police have dismantled a nationwide cyber fraud network, arresting 10 individuals involved in scams that defrauded victims of Rs 40 crore.
A 35-year-old man from Thane district was allegedly cheated of Rs 2 lakh in a US dollar exchange fraud in Navi Mumbai. The victim was shown bundles appearing to contain US currency, but they turned out to be paper rolls and soap bars.
Delhi Police have dismantled a cyber fraud racket based in Mewat, arresting four individuals for allegedly impersonating Indian Air Force officials and defrauding businessmen using forged documents.
Gujarat police have arrested 10 individuals in connection with a cyber fraud racket involving over Rs 53 crore and spanning at least 20 states. The accused lured individuals into renting out their bank accounts, which were then used to receive and transfer funds obtained through various fraudulent schemes.
Police in Thane have registered a case against five individuals, including a former government employee, for allegedly transferring state-owned land using forged documents. The accused are said to have misled the registrar's office and used outdated land records to illegally transfer plots in Shahpur taluka.
Delhi Police have dismantled a cyber fraud syndicate involved in providing mule bank accounts, arresting 14 individuals across multiple locations. The syndicate allegedly supplied bank accounts, SIM cards, and ATM cards to fraudsters running fake investment schemes and online job scams, laundering the proceeds through these accounts.
A 47-year-old man from Palakkad has been arrested for allegedly cheating a Thiruvananthapuram resident of over Rs 1.19 crore in an online trading scam.
Jharkhand Police have arrested the prime accused in a fraudulent withdrawal case from the West Singhbhum treasury, along with three others. The accused manipulated departmental computer data for nearly nine years to divert government funds into their own accounts and those of associates.
Police in Kerala are investigating the potential involvement of hospitals in a racket that forged documents for organ donations. Six people have been arrested in connection with the scam, and the investigation is expanding to examine how hospital procedures may have been bypassed.
The U.S. Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing a high-profile securities and wire fraud case in New York to a close after prosecutors concluded they could not sustain the allegations.
The Supreme Court on Monday sought response from the CBI on a bail plea filed by former DHFL promoter Kapil Wadhawan in an alleged Rs 34,926 crore bank fraud case. A bench of Justices JK Maheshwari and Vijay Bishnoi issued notice to the agency and sought its response.
Police in Meerut, Uttar Pradesh, have dismantled an illegal telephone exchange allegedly used for revenue loss and an online fake loan racket, arresting three individuals and seizing a large quantity of equipment.
Delhi Police have arrested three individuals, including a bank official, for allegedly defrauding a retired government officer of over Rs 45 lakh through a fake trading application.
Industrialist Pawan Ruia has been arrested by the West Bengal Police in connection with a multi-crore fraud case involving shell companies and cryptocurrency-based money laundering.
The Uttarakhand Special Task Force (STF) has arrested two members of an inter-state organised gang from Jammu and Kashmir for their alleged involvement in cyber fraud.
A Delhi court has remanded former senior executives of Reliance Anil Ambani Group (RAAG) to five days of ED custody in connection with an alleged bank loan fraud-linked money laundering case.
A 25-year-old man was arrested in Jharkhand after allegedly defrauding a Delhi resident of Rs 80,000 through a malicious APK link.
Police in Gurugram have arrested four individuals involved in an interstate gold coin fraud, recovering a substantial amount of cash and gold. The alleged mastermind, Solanki Prabhubhai Gulshanbhai, has a long history of fraud and is accused of targeting high-profile individuals.
Ludhiana Police have busted a large cyber fraud racket, arresting 132 people involved in running fake call centres that targeted foreign nationals through various online scams.
Kanpur Police have dismantled a sophisticated cyber fraud syndicate, arresting eight individuals, including five bank officials, for facilitating mule accounts and hawala transactions worth Rs 125 crore.
Greater Noida police arrested three members of a gang involved in fraudulent property registrations, cheating people of approximately Rs 3 crore. The gang used forged documents to sell properties, particularly targeting owners who lived away.
A dentist in Delhi, accused of defrauding multiple people of over Rs 1 crore through fraudulent property deals, has been arrested after being on the run for seven months.
Police in Kerala have arrested a key suspect in a racket involving the supply of forged documents for organ donors and recipients. The accused, identified as Najeeb, was apprehended in Uttar Pradesh and is believed to have been planning to escape to Nepal. The investigation has uncovered a network involved in forging various official documents required for organ donation.
The CBI has filed a chargesheet against CHD Developers Ltd and its directors for alleged fraudulent activities in a Gurugram-based project, officials said.
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