Sebi issues notices to attach bank accounts in IPO fraud case

Last Updated: Friday, October 18, 2013, 16:29

Further, the banks have been asked by Sebi not to allow any debit in these accounts until further orders.

9 charged in USD 140 million NY fraud case

Last Updated: Wednesday, August 14, 2013, 08:33

Federal authorities in New York say nine people have been charged in a USD 140 million penny stock fraud investigation.

US businessman gets 15 years in Dubai fraud case

Last Updated: Monday, March 25, 2013, 22:07

A Dubai court has convicted an American businessman for fraud and sentenced him to 15 years` imprisonment after a nearly five-year legal battle that included a hunger strike and a failed attempt to flee.

India-born tailor pleads guilty to tax fraud in US

Last Updated: Wednesday, March 6, 2013, 16:22

Mohanbhai Ramchandani, of Mohan's Custom Tailors, admitted to collecting USD 1.7 million in taxes from customers that he did not pay and to underpaying his personal income taxes by USD 256,000.

Fall in cases of internet fraud involving ATM cards: Govt

Last Updated: Wednesday, February 27, 2013, 15:05

"According to the Reserve Bank of India (RBI), the number of fraud cases as reported by banks on account of ATM debit cards/credit cards/internet have decreased from 15,018 in the calendar year 2010 to 8,322 in the calendar year 2012," Telecom Minister Kapil Sibal told the Lok Sabha during Question Hour.

Banks report fraud cases involving Rs 6,457 crore in 2012

Last Updated: Thursday, November 29, 2012, 18:14

Indian Overseas Bank (IOB) reported fraud cases involving an amount Rs 758 crore so far in 2012, followed by Punjab National Bank (PNB) which reported fraud cases involving an amount Rs 728 crore.

‘Two Indians involved in $935-mn Kabul Bank fraud case’

Last Updated: Wednesday, November 28, 2012, 22:18

Fraudulent lending and embezzlement by officials, including at least two Indian citizens, led to failure of Afghanistan's Kabul Bank resulting in misuse of about USD 935 million Afghan public money, according to an independent report released on Wednesday.

HP takes $8.8 bn hit, alleges accounting fraud in Autonomy

Last Updated: Tuesday, November 20, 2012, 23:18

In what could be one of the biggest corporate frauds, HP today said it has taken a USD 8.8 billion 'charge' on Autonomy, the British software firm it had bought in 2011, as some former executives of the acquired company had willfully misrepresented accounts.

Reebok fraud case: ED begins money laundering probe

Last Updated: Sunday, November 4, 2012, 17:32

With the registration of this new case, under the provisions of the Prevention of Money Laundering Act (PMLA), the ED has become the fourth agency to probe the purported fraud.

SpeakAsia probe may take more time

Last Updated: Sunday, October 21, 2012, 13:15

The Corporate Affairs Ministry has indicated that completion of the probe into alleged scam at SpeakAsia could take more time due to legal hurdles.

HC refuses to quash proceedings against former top cop`s wife

Last Updated: Thursday, September 27, 2012, 22:16

Madras HC has refused to quash proceedings against a former senior police official`s wife in connection with a land fraud case.

SFIO seeks MCA, Law Ministry advice on SpeakAsia matter

Last Updated: Tuesday, September 18, 2012, 11:04

SFIO, a multi-disciplinary organisation under the Ministry of Corporate Affairs (MCA), has the mandate to probe serious financial frauds at the companies.