Photo: India Today
Indian National Imprisoned 33 Months Jail Term For Fraud Charges
An Indian national in the US has been sentenced to 33 months in prison for defrauding elderly people in America. Identified as Ashish Bajaj, 29, he was pleaded guilty last year before District Judge Kevin McNulty in Newark federal court to information charging him with conspiracy to commit wire fraud. He has also been asked to pay USD 2.4 million in restitution for his role in an international conspiracy.
Tags: Indian National, US Resident, Criminal Charges, Imprisoned, Fraud
Courtesy: The Press Trust of India
Photo: Hindustan Times
Two Gold Teeth Helps Police To Arrest Criminal Missing For 15 Years
Mumbai Police arrested 38-year-old Pravin Ashubha Jadeja, missing for 15 years, with two gold-plated teeth in his mouth posing as a LIC agent. He is a wanted criminal, who duped a shop owner of Rs 40,000 in 2007, when he worked as a salesman. Notably, after committing the fraud Ashubha changed his identity and shifted to Kutch in Gujarat. He has been charged with cheating and misleading the police.
Tags: Mumbai Police, Fraud, Gold Teeths, arrested, Absconding
Courtesy: NDTV
Photo: The Indian Express
Union Ministry Warns Frauds In Name Of NRDM Recruitment Drives, Cautions People
The Union Ministry of Rural Development cautioned about "fraudulent" who are allegedly misleading people in the name of National Rural Development Mission, purportedly carrying out recruitment drives. In a statement, the Ministry said, "General public at large is hereby warned that any recruitment activities are undertaken by NRDM (nrdm.in), perpetrated purportedly in the name of the Ministry, and/or its officials may be considered fraudulent… read-more
Tags: Union government, Ministry, NRDM, Fraud, Recruitment Drive
Courtesy: Press Trust of India
Photo: News18
US Detains Indian-Origin Tech Entrepreneur For Alleged $45 Million Investment Fraud
Neil Chandran, a 50-year-old Indian-origin tech entrepreneur, was detained in the United States on June 29 for alleged investment fraud. He is accused of defrauding over 10,000 individuals out of over $45 million, which netted him multiple expensive automobiles and real properties. Chandran operated a number of technology firms that he employed in a conspiracy to defraud investors by falsely guaranteeing exceptionally high profits based on… read-more
Tags: USA, entrepreneur, Fraud, investment scam, Indian origin
Courtesy: Free Press Journal
Photo: Business Standard
Delhi Man Arrested For Duping Woman Of Rs 20 Crores
In New Delhi, a 70-year-old Pradeep Paliwal was arrested from Shahdara for allegedly duping a woman of Rs 20 crore. The accused allegedly offered an investment proposal to the woman, asking her to invest in his granite business in Rajasthan. They even signed an MoU (2014,) and assured Rs 50 lakh per month. However, he failed to fulfil his promise. Furthermore, he also duped many others in the past.
Tags: Crime, Rajasthan, Delhi Man, Granite Mining, Fraud
Courtesy: Press Trust Of India
Photo: DNA India
Chhattisgarh Cyber Police Arrest Accused For Defrauding A Doctor In Online Stock Market
The director of a "fake" stock market advising firm was detained on May 18 by the Chhattisgarh police's cyber wing for reportedly deluding a doctor in Raigarh district of ₹87 lakh. The accused, Mohsin N, a Kerala native, was apprehended in Bengaluru and brought to Raipur. He claimed that his company, Creative Technology, was employed as a financial analyst for a Singapore-based financial corporation. The bank accounts are being frozen.
Tags: Chhattisgarh, Stock market, Fraud, doctor, Cyber Crime
Courtesy: NDTV
Photo: PTI
CBI Registers Case Against Mehul Choksi Over Complaint By IFCI Limited
The CBI has registered a case against Mehul Choksi based on a complaint filed by IFCI Limited for allegedly causing a loss of around Rs 22 crores. "It was also alleged that the said Director colluded with the Valuers and got the valuation of the pledged jewels done with exorbitant and inflated value. The diamonds were allegedly of low quality and not real gemstones," shared a CBI official.
Tags: Crime, CBI, Fraud, Mehul Choksi, case, registered
Courtesy: The Free Press Journal
Photo: Wikipedia
Punjab Man Duped Into Buying Desi Stallion; Pays 23 Lakhs
A man in Punjab has been duped into buying a Desi stallion for a whopping 23 lakhs. The identified man, Ramesh Singh, had bought what he thought was a well sought-after black Marwari horse. However, it turned out that the trader had just dyed a Desi stallion with black paint. Singh only came to know this when he gave horse, a bath, and the dye came off.
Tags: funny, Fraud, Bizarre news, Bizarre event, Viral
Courtesy: Money Control
Photo: Hindustan Times
Bollywood Actress Duped Of Rs 4.14 Crore, Businessman Arrested
Bollywood actress Rimi Sen who has been a victim of fraud filed an FIR against a businessman, who allegedly duped Sen of Rs 4.14 crores. The Khar Police Station in Mumbai registered the case under sections 420 & 409 of IPC. As per the complaint, Raunak Jatin Vyas, who met the actress three years back, proposed an investment scheme, promising good returns, but never started a company. Investigation is underway.
Tags: Fraud, Money Fraud, rimi sen, Mumbai Police, Bollywood
Courtesy: ANI
Photo: Business Standard
Chinese Companies Involved In Tax Evasion & Financial Impropriety In India: Report
As per the Directorate General of GST Intelligence in India, many Chinese companies were found guilty of tax evasions and several incidents of fraud. In 2021, several Chinese firms were raided by the Indian Income-Tax department for transferring Rs 20 crore to China in the span of two years. Moreover, Chinese companies have also exploited the Indian credit market by framing the Indian borrowers.
Tags: India, China, business, Fraud, Data
Courtesy: ANI News
