Coal scam: Court awards 3-year jail term to two directors of company
Court also imposed a fine of Rs 75 lakh on the company, while Rs 40 lakh each was imposed on the Agarwals. Besides, the court also directed Kanungo to pay a fine of Rs one lakh. The court dismissed the contentions that no loss was caused to anyone as no coal could be extracted.
Another auditor arrested in PMC Bank scam
This is the eighth arrest in the case. Anita Kirdat (35), a 'concorrent auditor' of the bank, was a...
'Justice Joseph has opened a huge door into investigation of Rafale scam': Rahul Gandhi tweets
Congress leader Rahul Gandhi on Thursday said ...
CG Power to put its Worli head office up for sale
The company, which is dealing with muted cash flows and huge debt, will monetise assets like head office building ‘CG House’ and is also working with lenders to resolve its debt issues after nine of its fourteen lenders, constituting 88% of total outstanding credit facilities of the company by value, signed an Inter Creditor Agreement (ICA).
EOW arrests two auditors in connection with PMC Bank scam
The Economic Offences Wing (EOW) on Monday arrested two auditors in connection with PMC Bank scam and will produce them in Court today seeking their police remand.
Belgium will not extradite Nirav Modi’s siblings and biz associate
If renewed diplomatic efforts do not succeed in getting the Belgian authorities to consider either extraditing or deporting them, India may consider sharing evidence against the accused persons with them and ask that they be prosecuted in Belgium under that country’s money-laundering laws, a source said.
Helpline fraud: Why an online search may be the best way to lose money
Two developments have created an enabling environment for fraud- the explosion of smartphones with internet and modes of payment via apps. Methods used by confidence tricksters range from payment requests on UPI to sharing of QR codes on WhatsApp.
IMA ponzi scam: CBI conducts searches at 15 locations in Karnataka, UP
Multi disciplinary teams of the CBI carried out searches at 11 places in Bengaluru and one each in Mandya, Ramanagara, Belgaum and one place in Meerut, UP. They also raided the premises of some senior officers of Karnataka Police, in connection with the I-Monetary Advisory (IMA) ponzi scam. The team comprised of chartered accountants and forensic auditors among others.
When investing, keep these emotions at bay or you could fall prey
Every money scam is a carefully and strategically woven trap with psychological tools employed, such that the scamster can get the better of...
CAG drops audit of e-tender ‘scam’ in Madhya Pradesh
The CAG office in Bhopal recently conveyed to its headquarters in Delhi that it could not get relevant documents which allegedly showed the e-tendering process of various government projects was compromised to benefit select private players from state departments, a few officials of the audit body told.
PMC bank scam: EOW of Mumbai Police opposes anticipatory bail pleas of 2 directors
Parmeet Sodhi and Surjit Singh Narang had filed anticipatory bail applications before additional sessions judge S T Soor here.
EPF scam: Former UPPCL MD AP Mishra arrested
"Mishra has been arrested... Economic Offence Wing of the state police is probing the matter and strict action will be taken against those involved in this case," Uttar Pradesh Director General of Police OP Singh told.
Most Indians afraid to donate organs, think it's a scam
‘Family’ is the biggest deterrent to an individual donating his organs, suggests study.
How UPI-based frauds take place
In October, UPI based transactions have hit a landmark of one billion transactions. Therefore, as methods of making payments have become technologically advanced, fraudsters have also evolved different ways to con you out of your hard-earned money.
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