Arivandakshan's arrest is the first of a political person in the alleged scam in which several political functionaries of the CPM are under scanner, they said.
State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.
The RJD leader on Wednesday had accused senior BJP leader and Muzaffarpur Mayor, Nirmala Devi and her two relatives of "having dual voter ID cards".
Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.
Spanish soccer champions Real Madrid said on Wednesday they are confident their star player Cristiano Ronaldo, who faces accusations of committing tax fraud in the country, acted legally.
Actor Mahesh Babu has been summoned by the Enforcement Directorate (ED) in a money laundering case related to realty group Surana group and Sai Surya Developers. The actor is accused of receiving over Rs 5.5 crore for appearing in advertisements for the Surana Group. The ED earlier found illegal transactions worth Rs 100 crore and seized Rs 74.5 lakh in cash during searches at Surana group's affiliated companies. Surana Group is accused of fraud under the guise of real estate ventures and is alleged to have caused financial losses to numerous investors.
UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents.
On October five a court had issued a arrest warrant against Taslimuddin on a complaint filed by a dealer of an automobile company.
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
If convicted, each defendant faces a maximum penalty of 30 years.
The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning in a money laundering case linked to alleged bank loan fraud.
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.
The Bombay High Court discharged Adani Group Chairman Gautam Adani and Managing Director Rajesh Adani from a case of alleged violations of market regulations involving nearly Rs 388 crore. The Serious Fraud Investigation Office (SFIO) had initiated the case in 2012 against Adani Enterprises Limited (AEL) and its promoters, accusing them of criminal conspiracy and cheating. The HC's single bench of Justice R N Laddha quashed the sessions court order and discharged the duo from the case.
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
An FIR was lodged on Thursday at Babupurwa police station in Kanpur, accusing the SP general secretary and his wife of amalgamating companies for converting black money into white, Additional Director General of Police (Law and Order) Brij Lal told PTI.
Female students alleged that Saraswati used abusive language, sent obscene messages, and made unwanted physical advances.
The Supreme Court of India has ruled that religious conversions undertaken solely to avail reservation benefits without genuine belief in the adopted religion amount to "fraud on the Constitution". The court upheld a Madras High Court decision denying a scheduled caste certificate to a woman who converted to Christianity but later claimed to be a Hindu to secure employment benefits.
The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
Congress MP Rahul Gandhi's lawyer on Thursday withdrew from a Pune court the plea claiming apprehension of threat to the parliamentarian from followers of Hindutva ideologue Vinayak Damodar Savarkar.
In its FIR filed recently, the CBI has named Khattar and his company Carnation Auto India Limited for allegedly causing a loss of Rs 110 crore to Punjab National Bank.
Arms dealer Sanjay Bhandari has opposed the Enforcement Directorate's (ED) plea in a Delhi court seeking to declare him a "fugitive " in connection with a black money case. Bhandari claims his stay in the UK is legal as the London High Court denied his extradition to India. The court's decision was also cited by an English court in April to deny the Indian government's request to extradite another accused in a rice-buying scam. Bhandari's lawyer argued that the ED's application was "vague, misplaced and without jurisdiction " and that the value involved in the case was less than the required Rs 100 crore to declare someone a "fugitive. " The Delhi court has sought the ED's rebuttal to Bhandari's argument by May 3.
The case pertains to the Andaman Nicobar State Cooperative Bank (ANSCB) and its former vice chairman Kuldeep Rai Sharma. Sharma, a 57-year-old Congress leader, is a former MP of the UT (2019-24).
What is digital house arrest? It is a tactic cybercriminals use to confine victims to their homes and scam them, explains Tamal Bandyopadhyay.
'While the current pause offers temporary reprieve and alleviates any immediate legal pressure, the long-term implications remain uncertain.'
Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 200 crore by 'front-running' in trade activities, the Enforcement Directorate (ED) said on Sunday.
A former chief executive of Indian origin was found guilty in an accounting fraud will pay about $52 million over two years to the victims, a media report said.
The Securities and Exchange Board of India (Sebi) has identified around Rs 77,800 crore as "difficult-to-recover" or DTR dues in its annual report for 2024-25 (FY26), marking a nearly 2 per cent increase from the previous year. These dues remain unrecovered despite exhaustive recovery efforts.
A prankster in Samastipur, Bihar, posed as Donald Trump to apply for a residence certificate, leading the district administration to order an FIR and investigation.
'Without our support Nitish Kumar wouldn't have become chief minister.' 'After the government was formed we became ministers, but our agenda remained the same: Amit Shah had promised reservation for Nishads.' 'He wouldn't listen, so we went to UP and contested 52 seats in the 2022 elections. He didn't like the idea of rebellion.' 'He saw that this man, coming from Bombay, is very sharp. He's made four MLAs now, tomorrow he'll make 40. A time will come when they will make it 125.' 'They bought our MLAs and ousted us from the government.'
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
He has to appear before the court on January 24, 2019.
It adds that banks could be hiding some of the fraud cases, masking these as bad debt
Enforcement Directorate is jointly probing the case.
The Enforcement Directorate has also taken interest in the case and sought related documents and FIR copies from the local police, they added.
The Delhi High Court has directed Priya Kapur, wife of the late Sunjay Kapur, to disclose all his assets as of his death, following a challenge to his will by his children with Karisma Kapoor.
Sources said Mallya has also been asked to furnish documents related to his personal finances
Former FIFA president Sepp Blatter and France soccer great Michel Platini were both cleared of corruption charges by a Swiss court on Tuesday.
RBI said a total of 8,707 frauds involving Rs 1 lakh and above were detected during 2019-20 involving an amount of Rs 185,644 crore.
