Tag: scam

Anil Ambani, owner of Reliance ADAG Group, has been sued by three Chinese banks for Rs 48.53 billion (680 million Dollar). These banks have said that Anil Ambani's closed company Reliance Communication had taken a loan of Rs 66.03 billion ($ 925.5 million) in 2012, which was defaulted in 2017.

An FIR has been filed against Oyo Hotels and Homes founder Ritesh Agarwal and 6 others. A hotelier has accused Oyo of not paying for the last 5 months. He claimed to owe Oyo Rs 35 lakh. Police gave this information on Monday.

The company's stock fell nearly six-and-a-half years low due to allegations of exaggerating revenue and profits on the CEO and CFO of Infosys, the country's second largest information technology company. Infosys shares weakened by about 16.21 per cent to Rs 643.30. This is the biggest drop in the stock since April 2013. This led to a loss of about 55 thousand crores in the market capital of the company.

The chargesheet of the Enforcement Directorate (ED) has revealed the unaccounted expenses of Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath. Ratul was arrested by the ED in August in a money laundering case of 8,000 crore. He is also an accused in the VVIP chopper scam. According to the ED, Ratul was living a luxurious life on the credit card of Dubai hawala operator Rakesh Saxena. He used to travel in a private jet and used to go to the nightclub everyday. He spent 7.8 crores rupees ($ 11,43,980) in a club in America.

Another online fraud case has been registered with police recently. A Mumbai man working as a deputy manager with a mobile service provider became...

In January 2018, allegations swung in the way of the BJP-led government in Assam by the Krishak Mukti Sangram Samiti (KMSS) for inaction against ‘coal...

According to the Central Investigation Agency, the action taken under the provisions of the Prevention of Money Laundering Act (PMLA) involves the attachment of Bhushan Steel, its buildings, plants and machinery in Odisha. The total value of the attached property is estimated to be around Rs 4025.23 crore.

Sarang and Rakesh Wadhawan, the main accused in the Punjab and Maharashtra bank scam and owners of HDIL, also own 2100 acres of land, valued at Rs 3500 crore in the market. Now the Enforcement Directorate (ED) is going to seize this land. This land is located in seven different villages of Vasai-Palghar.

The prime accused who had scammed Rs 4355 crore in Punjab and Maharashtra Co-operative Bank and the owners of HDIL were also involved in four other banks. Three of them are government and one private bank. The father-son duo took loans from these banks, but have not repaid it. Apart from this, the police has seized another private jet. Investigating officers have also come to know about the luxurious bungalows, vehicles and speed boats.