Kolkata, July 27 (IANS) Calcutta High Court on Monday granted conditional anticipatory bail to Trinamool Congress leader Anubrata Mondal in a financial fraud case. Justice Tirthankar Ghosh granted the anticipatory bail application of Mondal, who is the Birbhum district president of the rebel but majority faction of Trinamool Congress led by Leader of the Opposition in the state Assembly Ritabrata Banerjee.Earlier, Mondal had sought anticipatory bail in the lower court fearing arrest in the case….
Latest Financial fraud News & Updates
Mumbai, July 25 (IANS) The Enforcement Directorate secured from the Special Court (PMLA), Mumbai, an order to confiscate a flat in Thane (West) belonging to a co-accused in a financial fraud and partner in an infrastructure company, an official said on Saturday. The Special Court ordered the confiscation of the Proceeds of Crime under Section 8(7) of the PMLA in the matter of Yescube Infrastructure.The confiscation order was given in connection with a money laundering case involving Sandeep Shuk…
Jaipur, July 21 (IANS) In a major initiative to strengthen Rajasthan’s cybersecurity framework and safeguard public funds, a special cyber coordination meeting of the State Level Bankers’ Committee (SLBC) was held at the Government Secretariat on Tuesday. Chief Secretary V. Srinivas, Director General of Police (DGP) Rajiv Kumar Sharma, senior officials of the Rajasthan Police, and representatives of major banks participated in the meeting to formulate a concrete and result-oriented strategy …
Mumbai, July 4 (IANS) The Cyber Crime Branch of the Mumbai Police has busted an organised cyber fraud syndicate allegedly involved in cheating investors of more than Rs 1.07 crore through fake online share trading schemes. As part of the operation, police arrested six individuals accused of orchestrating the fraud by luring victims with bogus investment opportunities, officials said.According to the Cyber Police, the accused allegedly carried out the fraud by operating through WhatsApp groups, f…
Mumbai, July 1 (IANS) In a significant legislative move to crack down on modern financial scams and expedite justice for duped investors, the Maharashtra Legislative Assembly on Wednesday passed a crucial Bill to amend the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 for addressing modern digital asset fraud and tightening judicial loopholes. The Bill was presented by the Minister of State for Home, Yogesh Kadam.Acknowledging the evolving landscape of …
Mumbai, June 24 (IANS) The Bombay Stock Exchange (BSE) on Wednesday sought clarification from gold jewellery manufacturer Rajesh Exports Ltd regarding reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company.The stock exchange’s query came a day after the central agency carried out searches at nine premises associated with the company under the provisions of the Foreign Exchange Management Act (FEMA). In a regulatory filing, Ra…
New Delhi, June 11 (IANS) The Cyber Police Station of South District, Delhi Police, has successfully busted an organised interstate cyber fraud syndicate involved in operating fake online helicopter booking websites and cheating unsuspecting travellers. Three accused persons have been arrested in the case, and significant digital evidence, along with electronic devices, has been recovered.A complaint was received from a victim who was cheated of Rs 20,328 on the pretext of booking travel service…
Bengaluru, June 4 (IANS) The Directorate of Enforcement (ED), Bengaluru Zonal Office, has arrested Karuturi Venkateshwara Rao under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an investigation into Deepak Cables (India) Limited and others in a case involving alleged fraud against a consortium of banks led by the State Bank of India (SBI), the official statement said on Thursday. The ED initiated the investigation based on an FIR registered by the Central…
New Delhi, May 20 (IANS) In a massive crackdown against organised cyber crime syndicates, Cyber West Police Station of the West District Police emerged as one of Delhi Police’s most effective cyber crime units during April, successfully dismantling several inter-state fraud networks and bringing 89 cyber offenders to justice. The extensive operations, carried out across multiple states, led to the exposure of a cyber fraud network involving nearly Rs 40 crore, while Rs 51.95 lakh was successfu…
Kolkata, May 18 (IANS) The Enforcement Directorate on Monday arrested Biswajit Poddar alias Sona Pappu in connection with a financial fraud and extortion case. Sona Pappu was in the news for various reasons before the Assembly elections. He was allegedly involved in various illegal activities, but was still missing. However, Pappu appeared at the Enforcement Directorate office at the CGO Complex in Salt Lake on Monday.After being questioned for nine hours from morning till night, the…