New Jersey-based Shivanand Maharaj was convicted on charges of wire fraud and giving kickbacks to influence the operation of an employee benefit plan, which carry a sentence of at least 25 years' imprisonment He will be sentenced in December, said United States Attorney for the Southern District of New York Geoffrey Berman.
One of the accused, Lalman Pandey, allegedly posed as an official of the National Human Rights Commission (NHRC) by using the national emblem on his letterheads and visiting cards, a police spokesperson said.
The men from Kerala, who are currently stranded in Al Ain and Ajman, claim they met the agent named Shafeeq on WhatsApp and paid up to Rs 70,000 for visit visas to the UAE, Khaleej Times reported.
Allahabad Bank on Wednesday reported a fraud of Rs 688.27 crore by a Ludhiana-based textile company.
The accused was arrested earlier by Delhi Police in a similar offence, in which over Rs 3.8 crore was fraudulently withdrawn from the accounts of the Health Ministry, Anyesh Roy, DCP (Cyber crime), said. He was released on bail a few weeks back and he hatched another conspiracy.
Police said that the accused along with his associates used to hire and train undergraduate boys and girls for making outbound calls to their targets and luring them for shopping from their website.
Public sector lender Punjab National Bank said Saturday it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the Reserve Bank of India (RBI).
During investigation, Sandeep Singh Dua said that he was a active member of a gang of cheats and businessmen who used dummy accounts of shell companies for transactions to avoid income tax.
The Enforcement Directorate said a provisional order was issued under the Prevention of Money Laundering Act (PMLA), for attachment of properties like land, buildings, plant and machinery of the distillery unit of the company located in Simbhaoli, Hapur in Uttar Pradesh. The attached assets worth about Rs 110 crore of Simbhaoli Sugars Limited, one of India's largest sugar mills, in connection with a money laundering probe against the firm related to an alleged bank loan fraud.
Rajasthan police have recently arrested one Man Singh Baghel, a graduate who was working as a practicing doctor in Sikar district by faking an MBBS degree which he accidentally found while travelling in a train five years back.
Markets regulator Sebi Monday imposed a total fine of Rs 10 lakh on four individuals for manipulating the share price of Shree Shaleen Textiles Ltd.
According to a senior police officer, they received a complaint on Friday wherein it was alleged that two foreigners came to Patanjali Mega Store in Taimur Nagar here and asked for 450 kg ghee worth Rs 2.25 lakh.
As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal (increase of over 73 per cent in the fraud amount), the Reserve Bank of India (RBI) said in reply to an RTI query filed by this PTI journalist.
Congress leader Chennithala has alleged that a serious postal-vote fraud has been committed at the behest of top-level government functionaries and has demanded a probe by an independent panel appointed by the Election Commission (EC).
He admitted that for several years he operated a high-volume “pain management” practice in Las Cruces, and frequently performed only “cursory” examinations of his patients before prescribing narcotics to them without documenting any therapeutic benefit for those drugs in his records.
Officials of the Central GST have unearthed an alleged tax fraud of Rs 224 crore by a group of eight companies, which generated fake invoices worth Rs 1,289 crore.
Three Paytm employees arrested for stealing data and blackmailing CEO Vijay Shankar Sharma
RBI had issued a show cause notice to the bank on January 15, 2018 asking why a penalty not be imposed on Union Bank of India under the Act.
The government has sent a request to the UK for extraditing fugitive diamantaire Nirav Modi, who is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case
"The Jerusalem district prosecutor a short time ago filed charges against the prime minister's wife," the statement said.
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