The Enforcement Directorate conducted raids on a Gurugram-based realty group, 32nd Avenue, as part of an investigation into an alleged 500 crore fraud targeting investors. The raids targeted seven premises linked to the group, which operates in Delhi-NCR and Goa. The investigation stems from multiple FIRs filed by investors who claim they were duped.
A 62-year-old Indian-origin man, now a US citizen, faces denaturalisation proceedings for allegedly defrauding investors of USD 2.5 million and concealing this from US authorities.
Delhi Police's Economic Offences Wing (EOW) has arrested Shiv Nandan Singh Yadav, a proclaimed offender, in connection with a multi-crore real estate fraud. Yadav was wanted in nine FIRs for allegedly duping investors in a housing project that never materialised.
The Enforcement Directorate (ED) has arrested four promoters of Earth Infrastructures Ltd in connection with a money laundering probe into an alleged Rs 2,004-crore homebuyer fraud that affected more than 19,000 buyers and investors.
The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.
The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.
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.
The Enforcement Directorate (ED) has arrested Nowhera Shaik, the prime accused in the Heera Group-linked alleged investment fraud, from an Airbnb property in Gurugram. Shaik was living under a fake identity and using forged documents. The Heera Group allegedly collected over Rs 5,978 crore from the public, promising high returns but failing to return even the principal amount.
Nowhera Shaik, the prime accused in the Heera Group investment fraud case, has been arrested in Gurugram. She was apprehended in a joint operation by the Enforcement Directorate and Haryana Police and has been taken to Hyderabad.
Investors will be able to authenticate if the entity receiving the payment is a valid entity under the ambit of Sebi.
The Enforcement Directorate (ED) has attached properties worth Rs 1.06 crore in connection with the 'Global Media App' fraud, an online earning platform that allegedly generated over Rs 45 crore through illicit means.
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.
Gurugram police have arrested two individuals, including a director of an infra firm, for allegedly defrauding investors through fake real estate projects linked to Dhirendra Shastri's 'Aparna Ashram' in Silokhera village.
Police in Thane, Maharashtra, have registered a case against a company and its directors for allegedly defrauding investors of over Rs 4.31 crore through various investment schemes.
Gurugram police have arrested two individuals, including a director of an infra firm, for allegedly defrauding investors through fake real estate projects connected to Dhirendra Shastri's 'Aparna Ashram'.
The CBI has filed a chargesheet against CHD Developers Ltd and its directors for alleged fraudulent activities in a Gurugram-based project, officials said.
Indore police have busted a gang involved in investment fraud, arresting five individuals and uncovering links to a WhatsApp account operated from Cambodia.
A former life insurance manager in Thane has been sentenced to two years in jail for defrauding people of over Rs 3.51 crore with false promises of high returns on stock market investments.
A businessman in Navi Mumbai is accused of defrauding four investors of Rs 28.4 lakh through a forex trading scheme promising high returns.
A senior bank executive in Mumbai was defrauded of 97.78 lakh by cyber criminals through a fake share market investment scheme.
The CBI has filed a chargesheet against Sequel Buildcon Private Limited for allegedly cheating homebuyers and siphoning off funds issued by PNB Housing Finance for a Noida-based project.
A 44-year-old man from Thane has been booked for allegedly defrauding seven investors of Rs 1.61 crore by promising high returns on cryptocurrency investments.
Gautam Adani and his nephew Sagar Adani are contesting a US securities fraud lawsuit, arguing lack of jurisdiction and failure to establish wrongdoing in a 2021 bond sale.
The Enforcement Directorate (ED) conducted searches at multiple locations in Punjab and Chandigarh, including premises linked to an official in the CMO, as part of a money laundering probe against realty groups accused of fraudulent land use changes and investor fraud.
Delhi Police have dismantled a cyber fraud operation that used a fake online investment platform to deceive victims, leading to the arrest of three individuals involved in the scheme.
The Enforcement Directorate (ED) conducted searches at multiple locations in Punjab and Chandigarh, including premises linked to an alleged associate of a Punjab Aam Aadmi Party functionary, as part of a money laundering probe against two realty groups accused of fraudulent land use changes and investor fraud.
The first thing cardholders should do after spotting a suspicious charge is block the card.
The Enforcement Directorate (ED) has seized significant assets from Earth Infrastructures Ltd., a Delhi-based real estate company, following accusations of defrauding homebuyers. The company is currently undergoing insolvency proceedings.
Two co-founders of the cryptocurrency exchange platform CoinDCX have been arrested by Thane police in connection with an alleged fraud of Rs 71.6 lakh. The arrests follow an FIR filed against the founders for cheating, criminal breach of trust, and fraud.
Customers will qualify for compensation even if they mistakenly share the OTP.
A couple in Mumbai has been arrested for allegedly defrauding eight individuals of Rs 6.71 crore through a fraudulent import-export scheme promising high returns.
The Enforcement Directorate has restored assets worth over 15,000 crore to a Supreme Court-appointed committee for distribution to investors defrauded in the PACL (Pearls Group) Ponzi scheme.
Gautam Adani and Sagar Adani are seeking the dismissal of a US Securities and Exchange Commission (SEC) securities fraud lawsuit, arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction.
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.
Delhi Police have arrested two men from Gujarat for allegedly defrauding a Delhi resident of Rs 9.75 lakh under the guise of high-return share market investments.
A Belagavi court has remanded Shivaanand Neelannavar, the alleged kingpin of a multi-crore ponzi scheme, to 10 days of CID custody for further investigation. The case involves an alleged fraud of nearly Rs 1,000 crore and affects around 35,000 investors.
Rajasthan Police have arrested a man allegedly involved in a large-scale fraud that collected crores in funds from people under the pretext of luxury car sales, cryptocurrency, and social media-based investment schemes.
Faridabad police have arrested a husband and wife from Mumbai for allegedly defrauding people of approximately Rs 31 crore through fraudulent investment schemes in forex trading and film production.
The CBI has arrested five individuals, including a key figure, in connection with the LUCC chit fund scam in Uttarakhand, which involves over Rs 400 crore. The case concerns alleged irregularities by the Loni Urban Multi-State Credit and Thrift Co-operative Society (LUCC), accused of enticing investors into unregulated schemes.
The Enforcement Directorate has attached assets worth Rs 634 crore of a Unitech Group realty project in Noida as part of a money laundering investigation linked to alleged fraud with homebuyers.
