At least 120 insurance intermediaries and aggregators from across the country are under scrutiny, mainly from Mumbai, Gurugram and Bengaluru.
Over 250 eminent citizens, including former judges and ambassadors, have written to the President and Chief Justice of India calling for strong action against online news portal NewsClick, which is alleged to have received dubious funds from American billionaire Neville Roy Singham to spread Chinese propaganda.
A federal jury on Monday convicted Susan Xiao-Ping Su, the founder of California-based Tri Valley University.
The Supreme Court on Friday said it has no reason to "discredit" SEBI, which probed allegations against the Adani group, as there was no material before it to doubt what the market regulator has done and the court does not have to treat what was set out in the Hindenburg report as a "true state of affairs".
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas Bank has an exposure of 23 per cent. The agency has booked the company and its Directors - Sadhna Kothari and Rahul Kothari - under IPC sections related to criminal conspiracy (120-B) and cheating (420), besides various provisions of the Prevention of Corruption Act.
The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25 crore loan from IFCI, officials said on Monday. The CBI has booked Mehul Choksi, his company Gitanjali Gems and valuers Surajmal Lallu Bhai and Co, Narendra Jhaveri, Pradip C Shah and Shrenik Shah, they said. The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.
The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).
Justice Tushar Rao Gedela also asked the police to file replies to their applications seeking interim release till the pendency of the petitions.
They had been told that this was part of their training for positions of travel ticket examiner (TTE), traffic assistants and clerks, and each of them paid amounts ranging between Rs 2 lakh and Rs 24 lakh to get the jobs in the Railways, according to a complaint filed with the Delhi Police's Economic Offences Wing (EOW).
He is accused of multi-year visa fraud, involving forged and fraudulent documents to get visas such as H1B for over 200 foreign workers.
Rejecting the claim of Subba that he was born in Assam's Silguri district, the CBI told the apex court that the MP had given different dates of birth and places of birth to various authorities for different reasons and was thus "prima facie" guilty of various criminal offences.
The Supreme Court on Wednesday said it will not restrain the trial court from dealing with a plea seeking police custody of former Andhra Pradesh chief minister and TDP leader N Chandrababu Naidu as it announced a new bench will hear his petition for quashing the FIR in the alleged Rs 371 crore scam in the state's Skill Development Corporation on October 3.
The individual identified as Syed Vaqar Ashraf, charged on nine counts, transferred more than $62,000 (Rs 41.4 lakh) to a US company in different money transfers from Pakistan between 2012 and 2014, towards the purchase of a series of high-end drones -- with an estimated cost of more than $340,000, according to court documents.
Shashank Rai, 30, allegedly sought millions of dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act from two different banks by claiming to have 250 employees earning wages when, in fact, no employee worked for his alleged business.
Veteran sports administrator Narinder Batra's former office at the Indian Olympic Association headquarters and the Hockey India office in New Delhi were on Monday raided by CBI officials.
The case against Balaji and his aides pertains to his tenure as the state transport minister in the All India Anna Dravida Munnetra Kazhagam government during 2011-15.
The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence' and not just out of 'suspicion'. The guidelines laid down five specific circumstances in which such credit could be blocked by a senior tax officer. These include availment of credit without any invoice or any valid document, or availing of credit by purchasers on invoices on which GST has not been paid by sellers.
The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. The properties attached, under the anti-money laundering law, include a flat measuring 1,460 sq feet located at O2 Tower in Goregaon area of Mumbai, gold and platinum jewellery, diamond stones, necklaces made of silver and pearls, watches and a Mercedes Benz car, the ED said in a statement. A provisional order for attachment has been issued under the Prevention of Money Laundering Act (PMLA) for the assets worth a total Rs 14.45 crore that are in the name of Gitanjali Group of companies and its director Mehul Choksi, it said.
The Allahabad high court on Tuesday granted interim bail to Samajwadi Party legislator Azam Khan in a case related to alleged grabbing of enemy property for his Jauhar University project.
Some of the celebrities whose names and details were used by the fraudsters are Abhishek Bachchan, Shilpa Shetty, Madhuri Dixit, Emraan Hashmi and Mahendra Singh Dhoni, Deputy Commissioner of Police (DCP) of Shahadra Rohit Meena said.
Devyani Khobragade, deputy consul general at the Indian Consulate in New York, who was arrested two weeks ago on changes of allegedly submitting fraudulent documents in support of her maid and babysitter to the US State Department, will have to appear in court on January 13.
The police have registered a case against a woman and three others after she allegedly levelled a "fabricated" gang-rape charge in an attempt to grab property.
'Dr Khobragade is now a Counsellor without any specific work responsibility at the PMI. There is not going to be any work for her at the mission at least for now. This is an interim measure to help her so she can get diplomatic immunity and get over this situation.'
Investigators are now trying to ascertain as to who made these alleged forged documents and whether an organised gang is behind it.
'Only my friends know how I live here in Manhattan, saving every penny... Life in New York has not been not easy for me,' Devyani Khobragade told friends and colleagues.
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
A division bench of Justices Nitin Jamdar and Sarang Kotwal also rejected Shukla's prayer to transfer the case to the Central Bureau of Investigation.
The probe agency is learnt to have taken possession of multiple physical and digital records during a search operation conducted on the premises of the South Korean firm in Delhi and Mumbai this week.
'There are obvious concerns regarding revenue leakage which is understandable, but there are also concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests.'
The survey was based on the survey of 44 banks.
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
Cyber criminals are using apps and young women to trap people through mobile phone calls and video chats.
The woman had filed the lawsuit against Uber in January this year alleging that Uber does not adequately screen its drivers and its "negligence and fraud" lead to her being sexually assaulted and humiliated.
The ED was probing the allegation that Hussain and his linked persons laundered about Rs 1.10 crore by using purported shell or dummy companies to fuel protests against the Citizenship Amendment Act (CAA) and the riots.
CBI has registered a case against general secretary of Mumbai BJP Mohit Kamboj, his jewellery manufacturing firm Avyaan Overseas, its directors, few mid-level bankers and others for alleged diversion of funds by availing fraudulent foreign bills negotiation limit and export packaging credit limit, issued by lender Bank of India between 2013 and 2018.
Preliminary investigations reveal that Dandiwal, an original resident of Rajasthan, had organised fraudulent tournaments in the past as well
He is the fourth leader of the Sharad Pawar-led Nationalist Congress Party, which is ruling in alliance with the Shiv Sena and Congress in Maharashtra, to face the heat from the central agency.
It is the biggest issue we have ever faced in the securities market, where a sensitive and systemically important institution and first-line regulator was not only exploited by unscrupulous elements but functioned like a private fief, points out Debashis Basu.
In all, 292 allegedly fraudulent LoUs and 224 foreign letters of credit were generated and money sanctioned to Nirav Modi's companies since 2011
Modi, 46, who had figured in the Forbes' list of richest Indians, has been named in the cheating case on a complaint from the PNB, which alleged that the jewellery firm owner, his brother, wife and Choksi entered into a criminal conspiracy with the officials of the bank and cheated it, causing a "wrongful loss".
