Financial Fraud News - Latest Updates & Headlines
Shell companies, fake loans & betrayed buyers: Inside Noida's real estate scandal
Lucknow, April 19: Enforcement Directorate (ED) conducted extensive search operations at eight locations across Agra, Meerut, Noida, and Delhi in connection with a large-scale financial fraud involving M/s Unnati Fortune Holdings Limited (UFHL) and its promoter, Anil Mithas.
BluSmart stops cab bookings till May 7 after SEBI action against Gensol
New Delhi, April 16: Electric ride-hailing company BluSmart has temporarily stopped offering cab services in all three of its operating cities -- Mumbai, Delhi-NCR, and Bengaluru.
Relief for CM Vijayan, daughter and CMRL as Kerala HC orders status quo in SFIO case
Kochi, April 16: Giving relief to Chief Minister Pinarayi Vijayan, his daughter Veena Vijayan, and Kochi-based mining company CMRL, a vacation bench of the Kerala High Court on Wednesday ordered status quo for two months on a trial court's decision to take cognisance of a complaint filed by the Serious Fraud Investigation Office (SFIO) in a financial fraud case.
KTR claims Rs 10,000 crore scam in land near Hyderabad University
Hyderabad, April 11: Bharat Rashtra Samithi (BRS) Working President K.T. Rama Rao on Friday accused Telangana Chief Minister A. Revanth Reddy of orchestrating a massive Rs 10,000 crore financial scam involving Kancha Gachibowli lands near the Hyderabad Central University.
Fearing action against daughter, CM Vijayan has lost his balance: Congress
Thiruvananthapuram, April 10: A day after Chief Minister Pinarayi Vijayan burst out at the media for focussing on his daughter Veena Vijayan currently under the radar of the Serious Fraud Investigation Office (SFIO) over allegations of her (now defunct) IT firm receiving monthly gratification from Kochi-based Cochin Minerals and Rutile Ltd (CMRL) for mining sanctions, top Congress leaders on Thursday took pot shots at him for losing his cool.
Gurugram Police unearths Rs 80.12 crore cyber crime fraud committed by 13 accused across India
Gurugram, April 2: The cyber crimes teams of the Gurugram Police have arrested 13 cyber criminals who defrauded people across India in 8,369 complaints worth Rs 80.12 crore, police said on Wednesday.
Financial Intelligence Unit to be formed to prevent fraud from high-interest schemes, says Maha CM
Mumbai, March 18: Maharashtra Chief Minister Devendra Fadnavis said on Tuesday that the state government will establish a Financial Intelligence Unit to prevent depositors in cooperative societies and banks from falling prey to fraudulent schemes promising double the legally permitted interest rates.
Role of political leaders in Kerala CSR funds scam to be probed, says CM Vijayan
Thiruvananthapuram, March 17: Chief Minister Pinarayi Vijayan on Monday informed the state Assembly that only a detailed probe will reveal if there was any involvement of political leaders in the now infamous Kerala CSR funds scam.
Kerala Crime Branch makes second arrest in Rs 1,000 crore CSR fund scam
Thiruvananthapuram, Mar 12: The Crime Branch wing of the Kerala Police on Wednesday made a second arrest in the Rs 1,000 crore corporate social responsibility (CSR) fund scam that has rocked the state, after thousands of innocent people were cheated.
Kerala Crime Branch takes Anand Kumar into custody in CSR fund scam
Thiruvananthapuram, March 11: Hours after a local court in the state capital denied bail to K.N. Anand Kumar, Chairman of the NGO Confederation and a well-known social activist in Kerala, the Crime Branch police investigating the Rs 1,000 crore corporate social responsibility (CSR) fund scam, took him into custody.
Everything will be revealed soon, and Kejriwal will be punished: BJP's Nabendu Bhattacharjee over CAG report
Agartala, February 26: Launching a scathing attack on the Aam Aadmi Party (AAP) after the Comptroller and Auditor General (CAG) report was tabled in the Delhi Legislative Assembly, Bharatiya Janata Party (BJP) spokesperson Nabendu Bhattacharjee said that the real face of AAP is being revealed now and soon Arvind Kejriwal will be punished.
Cyber crime: Amit Shah hints at using AI to detect mule accounts
New Delhi, Feb 11: Efforts are underway to use Artificial Intelligence for identifying mule accounts, while over 19 lakh such accounts have been caught and transactions worth Rs 2,038 crore prevented in the fight against cybercrime, Union Home Minister Amit Shah said on Tuesday.
Efforts underway to use AI for identifying mule accounts: Amit Shah to Parliamentary Consultative Committee
New Delhi, February 11: Efforts are underway to use Artificial Intelligence for identifying mule accounts, in coordination with the Reserve Bank and all banks, to establish a system for their detection, Union Home Minister Amit Shah informed a Parliamentary Consultative Committee.
Big B meets 'Vidhayak ji' for this cause
Mumbai, Jan 22: Amitabh Bachchan and Pankaj Jha, who plays Vidhayak Ji in the popular "Panchayat" series recently came together for an interesting social media post. The advertisement was part of an initiative to create awareness regarding online financial scams.
'Hisaab Barabar': R Madhavan-Kirti Kulhari's thriller to release on this date
Mumbai, January 9: 'Hisaab Barabar', starring actor R Madhavan in the lead role, is all set to premiere on ZEE5 on January 24. The movie will be available to stream in Hindi, Tamil, and Telugu.