Page 4 - Fraud

US SEC charges BitConnect founder Satish Kumbhani with $2 bn crypto fraud

US Securities and Exchange Commission charged BitConnect founder Satish Kumbhani, an Indian citizen, with lying about BitConnect's ability to generate profits

Singapore files 13 additional charges in massive nickel trading fraud

Singapore prosecutors on Monday filed 13 additional charges against a local businessman in relation to a scheme that allegedly raised more than $746 million from investors to fund bogus nickel trades

Four foreign funds in limelight for skewed investment in Adani group firms

Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have invest­ment in a number of domestic­ally listed firms besides the Adani group firms

Ram Janmbhoomi Trust refutes allegations of fraud in land purchase

Shriram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai on Sunday termed the charges as "misleading and motivated by political hatred"

Delhi Police busts fraud syndicate operated by Chinese nationals, 11 held

Delhi Police's Cyber Cell on Wednesday busted a syndicate run by a group of Chinese nationals who were stealing data and have cheated over 5 lakh Indians of over Rs 150 crores via fake investment apps

Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest

Data showed 90 banks and financial institutions reported a total of 45,613 cases of loan fraud till March 31, 2021

Delhi HC asks police to file status report on plea for action against FB

The Delhi High Court has asked the city police to file a status report on a plea seeking a direction to authorities to take action against Facebook and senior officials for alleged criminal acts

Due diligence failure facilitated fraud

In a case of fraud, the National Commission found that a postal department had handed over a cheque meant for a couple to another person without an authorisation letter

Three booked over fake donation receipts for Ram temple construction

Three men including a printing press owner have been booked for allegedly duping people on the pretext of raising funds for the Ram temple construction

CBI books Hyderabad firm for Rs 4,736 cr loss to SBI consortium

The CBI on Saturday said it has registered a case against a Hyderabad-based Coastal Projects Ltd

DGGI arrests firm's director, accountant for fraudulently availing ITC

SHRPL is believed to have have availed and utilised fraudulent ITC of Rs 21.56 crore on an invoice value of Rs 121.76 crore

UN agency faces corruption, fraud allegations at climate projects: Report

"Issues identified by the audit could seriously compromise the achievement of the objectives of the audited entity," the report said

Chennai's EOW arrests DHFL promoters for cheating investors of Rs 218 cr

According to the police, a case was registered by the EOW on the direction of the Madras High Court, against DHFL and 11 others

DHFL asset sale may get further delayed over 'Bandra Book Entities' report

The report said siphoning off funds by the company was going on since 2006-07 via 91 fictitious entities operating from a Bandra branch

SFIO completed investigations against 361 companies last fiscal: Govt

The Serious Fraud Investigation Office (SFIO) completed probes in 12 cases involving 361 companies in the last financial year

Sebi slaps Rs 70 lakh fine on 14 persons for fraudulent trading activities

Markets regulator Sebi has imposed a total fine of Rs 70 lakh on 14 individuals for indulging in fraudulent trading activities in the shares of Vani Commercials Ltd more than three years ago

Customs probes 18 commercial fraud cases involving goods worth Rs 170 cr

They said the consignments are under investigation for alleged over-valuation and mis-declaration of goods

South Korean court denies arrest warrant against Samsung heir in fraud case

Prosecutors last week asked the court to issue an arrest warrant for the 51-year-old Lee, as part of a probe into alleged accounting fraud

US charges 3 Indian-origin healthcare startup ex-executives in $1-bn fraud

The co-founders of Outcome Health Rishi Shah, 33, and Shradha Aggarwal, 34, and former executive Ashik Desai, 26, are among six people accused of fraud

Delhi GST unit unearths racket involving fake invoices; two arrested

The accused were found to be operating 42 fake firms created to facilitate fraudulent Input Tax Credit (ITC), thus defrauding the exchequer