FRAUD

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ED Attaches Movable And Immovable Assets in Cheating & Bank Fraud Case

Leave a Comment / BUSINESS & ECONOMY / By / June 6, 2022 / ,

Directorate of Enforcement (ED) has provisionally attached movable and immovable assets to the tune of Rs. 24.39 Crore belonging to M/s Sanskar Group, a proprietorship concern of Manish Sharma, Navin Beri, his partnership firm M/s Lavanya Travels and Arvind Chadha, in connection with its probe for the offence of money laundering initiated against them. The …

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CBI: Three To Five Years Rigorous Imprisonment in Bank Fraud Case

BUSINESS & ECONOMY / By / June 3, 2022 / , ,

The Additional Chief Judicial Magistrate (ACMM), Egmore, Chennai has sentenced Tamil Nadu based Shri V.M.S. Jafarullah, Shri V.M.S. Hajee Mohammed, R. Rathinakumar, R. Vijayakumar, all four to undergo five years Rigorous Imprisonment with fine of Rs. 25,000/- each and Shri S.Thillaiselvan to undergo three years Rigorous Imprisonment with fine of Rs. 25,000/- in a bank …

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ED Issues Provisional Attachment Order in Bank Fraud Case

BUSINESS & ECONOMY / By / May 28, 2022 / ,

Directorate of Enforcement (ED) has issued the Provisional Attachment Order on 22.02.22 for attachment of immovable properties of M/s Nipko Engineering Services Pvt Ltd. amounting to Rs.62.70 Crore in a Bank fraud case. ED initiated money laundering investigation in the year 2020 on the basis of FIR registered by CBI, ACB Pune, wherein a complaint …

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ED Arrests Company’s Director in A Bank Fraud Case Under PMLA 2002

BUSINESS & ECONOMY / By / May 26, 2022 / , ,

Directorate of Enforcement (ED) has arrested Ashok Kumar Mittal, Director of M/s. Mahesh Timber Private Limited, Karnal, Haryana on 23.05.2022 in a bank fraud case under the Prevention of Money Laundering Act (PMLA), 2002. ED initiated money laundering investigation on the basis of FIR registered by CBI, New Delhi for criminal conspiracy, cheating, forgery and …

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CBI Registers Case For Rs 230 Crore Bank Fraud

BUSINESS & ECONOMY / By / May 20, 2022 / , ,

Central probe agency CBI has registered a case against real estate developer Amrapali Leisure Valley Developers Pvt Ltd and its director Anil Sharma, among others. This FIR has been registered in connection with the alleged fraud of over Rs 230 crore from Bank of Maharashtra and Andhra Bank. Officials gave this information on Friday. The FIR registered …

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CBI Conducts Searches in Bank Fraud Case

BUSINESS & ECONOMY / By / May 13, 2022 / ,

The Central Bureau of Investigation has conducted searches at three locations including at Malerkotla (Punjab) at the premises of accused including private firms, Directors/ Guarantors in an ongoing investigation of a bank fraud case. A cash of Rs.16.57 Lakh (approx), around 88 foreign currency notes, some property documents, several bank accounts and other incriminating documents …

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ED Attaches Assets Worth 5.54 Crore Under PMLA 2022

BUSINESS & ECONOMY / By / April 25, 2022 / ,

Directorate of Enforcement (ED) has provisionally attached assets worth Rs. 5.54 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in connection with a case registered against Ranjit Gogoi, the then Director of Information and Public Relation, Assam, and different private companies, for misappropriation of money of Government of Assam. ED initiated money laundering …

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Yes Bank-DHFL Case: Rana Kapoor And Wadhawan Brothers Laundered Rs 5050 Crore, Says ED

BUSINESS & ECONOMY / By / April 24, 2022 /

The Enforcement Directorate (ED) has alleged that Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan laundered Rs 5,050 crore through suspicious transactions. This was stated by the Enforcement Directorate in its second supplementary (third overall) chargesheet filed in a special court here recently against Rana Kapoor, his …

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Don’t Act Like Raju And Don’t Become Victim Of Fraud: RBI

Bank / Bank Audit / By / April 18, 2022 / , ,

RBI has recently released a comic book namely “Raju & The Forty Thieves” to give message to people that don’t become victim of fraud. RBI has exposed modus operandi of financial fraudsters in this book. Raju is the character of these stories. One who comes easily to talk. Because of this he often has to …

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Call Center Cheating in The Name Of Providing Jobs Busted. Many Arrested

BUSINESS & ECONOMY / By / April 10, 2022 /

Noida: The Cyber ​​Police Station of North-West District has busted a gang that cheated unemployed youths by running a call center. The accused were cheating people in the name of getting jobs in private companies. The police has arrested ten accused including five girls. In the preliminary investigation, it has come to the fore that …

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Two Revenue Inspectors Arrested For Changing Category Of Land

BUSINESS & ECONOMY / By / April 10, 2022 /

Behat (Saharanpur): The police on Sunday arrested retired registrar Kanungo Janeshwar Prasad and Halka Kanungobirbal of Behat tehsil for selling the allotted leases by changing the category of land. In this case, 12 people including former BSP MLC Mahmood Ali, former MLC Haji Mohammad Iqbal son Mohammad Javed and then SDM Sheetal Prasad Gupta are …

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ED Attaches Assets Worth Rs 57.45 Crore Of Atlas Jewellery Pvt Ltd

BUSINESS & ECONOMY / By / April 10, 2022 / ,

The Enforcement Directorate has attached assets worth Rs 57.45 crore of Atlas Jewellery Pvt Ltd and its directors MM Ramachandran and Indira Ramachandran in the Rs 242 crore bank loan fraud case. According to the ED, this fraud took place between 2013 and 2018. ED officials said on Saturday that the attached assets include gold, …

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Breaking: ED Attaches Assets in Bank Loan Fraud Case

BUSINESS & ECONOMY / By / April 9, 2022 / ,

The Enforcement Directorate (ED) has taken a major action in the bank loan fraud case. Under this, properties worth crores of rupees have been attached. According to a report released in this regard, the ED has accused Atlas Jewelery Pvt Ltd and its directors of fraud in loans taken from the bank. Between 2013 and …

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CBI Arrests Assistant Divisional Engineer Of Central Railway For Accepting Bribe

CBI Arrests Assistant Divisional Engineer Of Central Railway For Accepting Bribe

BUSINESS & ECONOMY / By / April 5, 2022 / , ,

The Central Bureau of Investigation has arrested an Assistant Divisional Engineer(South), Central Railway, Nagpur for demanding & accepting bribe of Rs.1.80 Lakh from the Complainant. A case was registered against the Assistant Divisional Engineer (South), Central Railway, Nagpur on complaint alleging demand of bribe of Rs. 1,80,000/- for passing the bills of Complainant’s firm. It …

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Big Fraud Caught: ED Attaches Assets Worth Rs 409.92 Crore Of M/s Future Gaming & Hotel Services Pvt. Ltd.

Big Fraud Caught: ED Attaches Assets Worth Rs 409.92 Crore Of M/s Future Gaming & Hotel Services Pvt. Ltd.

BUSINESS & ECONOMY / By / April 4, 2022 / , ,

Enforcement Directorate (ED) has provisionally attached movable assets worth Rs.409.92 Crore in the case against M/s. Future Gaming & Hotel Services Pvt. Ltd. & its various sub-distributors/area-distributors. The attached assets are in the form of balance in Bank Accounts and Mutual Fund Holdings. ED initiated money laundering investigation against M/s Future Gaming and its Sub …

Big Fraud Caught: ED Attaches Assets Worth Rs 409.92 Crore Of M/s Future Gaming & Hotel Services Pvt. Ltd. Read More »

ED Attaches Assets Under Prevention Of Money Laundering Act (PMLA)

ED Attaches Assets Under Prevention Of Money Laundering Act (PMLA)

BUSINESS & ECONOMY / By / April 4, 2022 / , ,

Directorate of Enforcement (ED), has provisionally attached Immovable and Movable properties valued at Rs. 4.04 Crore belonging to Chandrama Prasad Singh @ Tuntun Singh, his family members and others under the of Prevention of Money Laundering Act (PMLA), 2002. Chandrama Prasard Singh S/o- Shri Baleshwar Prasad Singh, R/o- Nandlal Chapra, Post- Manoharpur Kacchuwara, PS- Ramkrishana …

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CBI Arrests Absconding Accused in A Bank Fraud Case Of Rs 20.68 Crore (Approx.)

CBI Arrests Absconding Accused in A Bank Fraud Case Of Rs 20.68 Crore (Approx.)

BUSINESS & ECONOMY / By / April 4, 2022 / , ,

The Central Bureau of Investigation has arrested an absconding accused in a bank fraud case on his arrival from Nairobi, Kenya. The arrested accused ( a Director of a firm) was also named in the said case. The instant case was registered on 27.06.2012 on complaint from Canara Bank, Circle Office, Ahmedabad against a Private …

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ED Attaches Assets Worth 31 Crores Of Pushpanjali Infratech in A Fraud Case

ED Attaches Assets Worth 31 Crores Of Pushpanjali Infratech in A Fraud Case

BUSINESS & ECONOMY / By / March 31, 2022 / ,

On Wednesday, the Enforcement Directorate (ED) took major action. In this regard, the ED has attached immovable assets worth Rs 31.15 crore of Pushpanjali Realms and Infratech Limited based in Uttarakhand and the wife of its director Rajpal Walia. According to a report issued in this regard, the Enforcement Directorate has taken this action in …

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Banking Frauds Of 100 Crores Daily in India: RBI Claims

Banking Frauds Of 100 Crores Daily in India: RBI Claims

Bank / Bank Audit / By / March 30, 2022 / , , , , , , , ,

The country has lost Rs 100 crore everyday in the last seven years due to bank frauds. However, this loss amount is declining year after year. According to RBI, 83 per cent of banking fraud cases in the country are in just five states. Maharashtra tops it with 50 per cent, while Delhi is in …

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Fraudsters Can Cheat You in The Name Of Jobs: Income Tax Department

Fraudsters Can Cheat You in The Name Of Jobs: Income Tax Department

BUSINESS & ECONOMY / By / February 24, 2022 / , ,

Due to the unemployment reaching a record level, there is a situation of crisis in front of the people regarding their livelihood. In such a situation, people want to get a job by any means. Some thugs and fraudsters are taking advantage of this condition of the people. In fact, the Income Tax Department has …

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Alert: Fake Website is Offering Government Jobs

Alert: Fake Website is Offering Government Jobs

BUSINESS & ECONOMY / By / February 13, 2022 / ,

Due to the lack of employment in the country, there is a competition among people of all classes to get jobs. Special attraction is seen among the youth, especially regarding government jobs. But getting a government job has its own process, for which the examination has to be given first. But youth always look for …

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Roses Are Red, Violets Are Blue. Beware Of Fraudsters, They May Dupe You

Roses Are Red, Violets Are Blue. Beware Of Fraudsters, They May Dupe You

BUSINESS & ECONOMY / By / February 8, 2022 / ,

At the beginning of Valentine’s Week, the Ministry of Home Affairs (MHA) has done the work of warning people. On this occasion, thugs can try to entice people in many ways including Valentine’s Day offers. Apart from this, MHA has also warned against cheating in the name of KYC. Downloading of any app for KYC …

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Officer Arrested For Taking Rs. 50000 Bribe For GST Certificate

GST / By / January 22, 2022 / , ,

The Vigilance Bureau has arrested Deputy Excise and Taxation Commissioner i.e. DETC Raja Ram Nain, posted in Bahadurgarh, red-handed while taking a bribe of 50 thousand rupees. DETC Raja Ram Nain had demanded a bribe from a person named Shankar Lal, a resident of Gurugram, in exchange for issuance of GST certificate . Vigilance Bureau …

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Crypto Exchange WazirX Raided For GST Evasion. Read Complete Details Here

Crypto Exchange WazirX Raided For GST Evasion. Read Complete Details Here

BUSINESS & ECONOMY / By / January 1, 2022 / , , , , ,

The Mumbai East Commissionerate of GST said that the country’s largest crypto exchange WazirX, which deals in cryptocurrencies, was evading GST for a long time. Revealing the tax evasion of these crores, the officials have now recovered a fine of more than Rs 49 crore after levying interest and penalty on the exchange. According to …

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Chartered Accountant Arrested For Blindly Signing Balance Sheets And Issuing Bogus Form 15CB

BUSINESS & ECONOMY / By / December 6, 2021 / , , , , ,

Enforcement Directorate has arrested Ravi Kumar, Chartered Accountant, M/s HAR Associates, New Delhi on 27.11.2021 in a case of laundering of 1100 Crore to Hong Kong, SAR, China by sending Foreign Outward Remittances from select Bank branches of SBI and SBM at Mumbai by using forged Air Way Bills (AWBs) and fabricated Cloud CCTV Storage …

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If Your Saving Account is in SBI, Then This Big Alert is For You!

If Your Saving Account is in SBI, Then This Big Alert is For You!

BUSINESS & ECONOMY / By / December 5, 2021 / , , , , , , ,

If your Saving ccount is in the country’s largest government bank i.e. State Bank of India, then this news is for you. State Bank of India told through a tweet to make its customers aware that how you can avoid online fraud. Let us tell you that these days digital transactions are increasing very fast, …

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Thugs Duped Rs 10 Lakh From Doctor By Posing Themselves As GST Officer

Thugs Duped Rs 10 Lakh From Doctor By Posing Themselves As GST Officer

BUSINESS & ECONOMY / By / November 13, 2021 / , , ,

Thugs duped Dr. Praveen Singh, resident of Prahladgarhi, by posing as GST officers and duped Rs 10 lakh. The victim alleges that the thugs entered the house and beat them up. In this regard, the aggrieved doctor has given a complaint to Senior Superintendent of Police Pawan Kumar. It is alleged that even then the …

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ED has provisionally attached assets worth Rs 2.87 Crore in the name of family members of Satish Kumar, Commandant, BSF, under PMLA, 2002 in illegal cattle smuggling case.

Big Breaking: Firm’s CA Will Also Be Questioned If Tax Evasion Is Caught

BUSINESS & ECONOMY / By / November 7, 2021 / , , , , ,

Now the firms or business establishments, where there will be raids by the Income Tax Department and documents of large-scale malpractices or evasion of tax are found from there, then the CA who conducts regular audit of these will also be questioned. If there is misappropriation of crores of rupees of tax in a firm, …

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टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ

टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ

BUSINESS & ECONOMY / By / November 7, 2021 / , , , ,

आयकर विभाग की अब जिन फर्म या व्यावसायिक प्रतिष्ठानों में रेड होगी और वहां से बड़े स्तर पर गड़बड़ी या टैक्स की हेराफेरी के दस्तावेज मिलते हैं तो इनका नियमित ऑडिट करने वाले सीए से भी पूछताछ की जायेगी. किसी फर्म में टैक्स की करोड़ों रुपये की हेराफेरी होती है, तो ऑडिट की रिपोर्ट में …

टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ Read More »