Properties worth Rs. 300 crore, including spaces at Noida's Great India Place Mall, have been attached by the ED in a cheating case. The investigation reveals...
The Reserve Bank of India's (RBI) annual report for 2023-2024 also highlights a significant decline in the total amount involved in frauds, with a 46.7% reduction...
1. Enron Scandal (2001) Nature of Fraud: Accounting fraud. Modus Operandi: Enron used special-purpose entities to hide its debt and inflate profits, misleading investors and analysts....
The Reserve Bank of India (RBI) has imposed penalties on ICICI Bank and YES Bank for violating regulations. ICICI Bank faces a Rs 1-crore fine, while...
1. Nirav Modi and Mehul Choksi (PNB Scam) Nature of Fraud: Fraudulent issuance of Letters of Undertaking (LoUs) Modus Operandi: Nirav Modi and Mehul Choksi allegedly...
The Income Tax Department raided Surana Jewellers in Nashik on May 26, recovering ₹26 crore in cash and documents revealing unaccounted wealth worth ₹90 crore. The...
Mumbai: The Enforcement Directorate (ED) has seized property documents worth Rs 150 crore from the residence of a senior IPS officer in Maharashtra. The raid took...
The scam involved setting up 4,000 fake companies to fraudulently claim Input Tax Credit using stolen PAN and Aadhaar cards.
In a major crackdown on financial crime, the Enforcement Directorate (ED) arrested Indian businessman Rajesh Brijlal Batreja in connection with a ₹263 crore income tax refund...
- Italian police, with Europol's aid, dismantled a Turkish crime syndicate involved in homicides and trafficking. - 17 Turkish nationals arrested; the investigation began in Como,...
NFRA has penalized RCFL auditors M/s Shridhar & Associates and CA Ajay Vastani with a ₹2.5 crore fine for professional misconduct. This decision followed an investigation...
The arrests highlight a growing concern over investment frauds facilitated through social platforms like WhatsApp and Telegram.
- CBI arrests reveal human trafficking network sending Indians to Russian army. - Victims lured with job promises, forced into combat roles; investigation ongoing.
MUMBAI: The Central Bureau of Investigation (CBI) has seized over Rs 1.8 crore cash and other valuables in connection with a bribery case involving an assistant...
- CBI arrests FSSAI Assistant Director and three others in bribery scandal involving Rs. 1.20 lakh. - Searches reveal Rs. 37.3 lakh cash, 45g gold in...
