ED INVESTIGATION INSURANCE FRAUD
Robert Vadra ready to appear before ED, no intention to avoid summons: Lawyer
Robert Vadra's lawyer asserts he's ready to cooperate with the Enforcement Directorate (ED) in a money laundering case, dismissing claims of avoiding summons. Vadra missed a recent appearance due to flu-like symptoms and a COVID-19 test, but offered to appear virtually or before/after his daughter's graduation trip. His lawyer emphasizes Vadra's past cooperation and willingness to comply with the investigation.
Rs 4.58 crore stolen from ICICI bank customers: Broke FDs, created overdraft and personal loan; how relationship manager executed fraud
A 26-year-old ICICI Bank relationship manager in Kota, Rajasthan, was arrested for stealing Rs 4.58 crore from customers, including senior citizens between 2020 and 2023. This issue came to light as the bank reported the matter to police. The RM used the funds for speculative stock market trading in future and options (F&O). As per bank, after it came to know about the fraud it has refunded money to all depositors. Read below to know more.
Lokpal seeks CBI, ED officers to join its inquiry wing
The Lokpal is seeking experienced officers from CBI, ED, and other agencies to join its inquiry wing on deputation. This initiative, following a Lokpal meeting on August 30, aims to strengthen the investigation of corruption cases under the Prevention of Corruption Act, 1988. Vacancies include positions for deputy director/SP, inquiry/investigation officers, and personal assistants.
ED issues summons to Care Health counsel over Rashmi Saluja Esops 'advice'
The Enforcement Directorate has summoned senior counsel Arvind Datar regarding his advice to Care Health Insurance on ESOPs issued to Rashmi Saluja. The investigation revolves around whether the ESOP issuance violated regulations, leading to scrutiny of legal opinions provided. Former Irdai chairman Hari Narayan may also be questioned in connection with the matter.
French Embassy Visa Scam: CBI charges law officer, 7 others
The CBI has filed a chargesheet against eight individuals, including a law officer in the Visa Department of the French Embassy in New Delhi, for visa fraud. They targeted applicants from Punjab seeking Schengen visas, extorting large sums of money through a network of visa agents.
ED arrests ex Haryana MLA, associate in 'fraud' linked money laundering case
The Enforcement Directorate has arrested former Haryana MLA Ram Niwas and ex-HSVP official Sunil Kumar Bansal for alleged money laundering related to misappropriation of funds within the Haryana Shahari Vikas Pradhikaran. Accused were taken into custody on June 9 in Chandigarh.
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IIM Ahmedabad employee fooled in Rs 50 lakh bogus SME IPO pitch via WhatsApp trading scam
An IIM-Ahmedabad manager was swindled out of nearly Rs 50 lakh in an elaborate online trading scam. Lured through a Facebook link to a WhatsApp group offering stock market tips, the victim invested in a bogus IPO scheme via a fraudulent mobile app.
French embassy visa fraud: CBI chargesheet filed against eight accused; Interpol silver notice issued to trace assets abroad
The CBI has filed charges against eight individuals, including a French Embassy official, for a visa fraud scheme operating from January 2021 to May 2022. Applicants from Punjab were charged between ₹13 lakh and ₹45 lakh for Schengen visas, with proceeds laundered through various accounts. The CBI coordinated internationally, securing an Interpol Silver Notice to trace assets held abroad.
Valmiki Scam: ED searches premises of Congress MP, 3 MLAs in Ballari, Bengaluru; CM says he’s okay if they are lawful
Chief Minister Siddaramaiah affirmed that the state would not obstruct lawful ED searches. The ED conducted searches on premises linked to a Congress MP and three MLAs. This relates to the diversion of funds from Karnataka Maharshi Valmiki ST Development Corporation. Allegedly, funds meant for scheduled tribes were fraudulently siphoned off from Union Bank of India.
ED searches: Will not not support any violation of law, says Karnataka CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah stated his government will not interfere with the Enforcement Directorate's (ED) searches against a Congress MP and three MLAs in connection with the Valmiki scam-linked money laundering case. The ED is investigating allegations that funds from the Karnataka Maharshi Valmiki ST Development Corporation were used for election expenses during the 2024 Lok Sabha elections.
Robert Vadra skips ED summons in PMLA case linked to Sanjay Bhandari
Robert Vadra, Priyanka Gandhi Vadra's husband, missed an ED summons. The summons was for questioning in a money laundering case. This case is linked to Sanjay Bhandari. Vadra sought an adjournment. The ED wants to record Vadra's statement under PMLA. They aim to file a chargesheet. Vadra was previously questioned in another money laundering case.
MUDA Scam: ED attaches 92 more plots, total seizures add up to worth Rs 400 Cr
The Enforcement Directorate (ED) has attached 92 immovable properties, valued at approximately Rs. 100 Crore, in connection with the MUDA case. These properties, linked to housing societies and individuals acting as fronts for influential figures, including MUDA officials, were seized under the PMLA. The investigation revealed a large-scale scam involving illegal MUDA site allotments through fraudulent means and bribery.
How fake meat export deal cost Delhi NRI more than $81,000, and the suspect vanished without a trace
A Delhi businessman has been allegedly defrauded of Rs 1.3 crore by an individual posing as a successful meat exporter. The suspect, after gaining trust through fabricated documents, convinced the victim to invest heavily, promising high returns. The suspect later disappeared, prompting a police investigation into the elaborate scheme. The crime branch is currently investigating the case.
HDFC Bank MD & CEO named in alleged fraud linked to Lilavati Trust: What are allegations?
HDFC Bank's CEO, Sashidhar Jagdishan, faces allegations in a Mumbai Police FIR. The Lilavati Kirtilal Mehta Medical Trust alleges he received money to harass a trustee's father. HDFC Bank denies the charges, linking them to a loan recovery case involving Splendour Gems. The bank claims the Mehta family is attempting to derail recovery efforts.
Rs 49,59,999 lost in weeks: How a Mumbai woman was lured with 'gift' from abroad and fell victim to online scam
A Navi Mumbai woman lost Rs 49.59 lakh to fraudsters between June and August 2024. The scam began with a UK contact on Instagram promising a gift parcel. Subsequently, a fake customs officer demanded various charges, leading the victim to transfer funds before realizing the deception. Police have registered a case and are investigating the cyber fraud.
Kerala businessman 'fails' to give evidence in 'bribery' case against ED officer: Sources
A Kerala businessman, Aneesh Babu, who accused an ED officer of corruption, has reportedly denied having evidence against the investigator during his deposition with the Enforcement Directorate. He stated he only knew a person named Wilson, who was arrested for bribery related to Babu's money laundering case.
India's digital forensics market to triple global growth, hit $1.39 billion by FY30: Report
Mobile forensics now dominates the sector, accounting for about 51% of the market, driven by the boom in smartphone usage, digital payments and mobile-centric cybercrime. With 81% of demand coming from the public sector, particularly law enforcement, the report highlights the growing reliance on forensic tech to combat sophisticated digital threats.
Kota bank manager diverts Rs 4.6 crore from customer accounts, loses it all in stock market
An ICICI Bank relationship manager in Kota allegedly siphoned off Rs 4.58 crore from over 110 customer accounts between 2020 and 2023, losing it all in stock market trades. The accused, Sakshi Gupta, manipulated FDs, altered mobile numbers, and intercepted OTPs to execute the fraud. She was arrested on May 31 and is now in judicial custody.
Dino Morea summoned by ED in Mithi River Distilling case
Dino Morea is in trouble. The Enforcement Directorate summoned the Bollywood actor. This is regarding the Rs 65 crore Mithi River desilting scam. Raids occurred at his Mumbai home and other locations. His brother Santino is also under investigation. The ED case is based on a Mumbai Police FIR. It alleges irregularities in Mithi River desilting tenders from 2017-2023.
Online betting, gambling: ED freezes over 760 'mule' bank accounts, arrests two
The Enforcement Directorate (ED) has frozen 766 'mule' bank accounts and arrested two individuals, Vishal Bhardwaj and Sonu Kr Thakur, in connection with a money laundering investigation. This action targets a racket involved in illegal betting on IPL, T20 World Cup matches, and other gambling activities.
Thief or no thief? What cases say about Vijay Mallya
Vijay Mallya, facing accusations of bank loan defaults, has apologized for Kingfisher Airlines' collapse while denying being a thief. He expressed willingness to return to India under specific conditions, claiming his dues have been recovered multiple times over. Despite his claims, Mallya faces charges of criminal conspiracy, fraud, and money laundering, with investigating agencies detailing several cases against him.
Mithi river desilting: ED raids actor Dino Morea, BMC officials, others
The Enforcement Directorate conducted searches at actor Dino Morea's properties and other locations in Maharashtra and Kerala concerning a money laundering investigation. This probe is linked to the Mithi river desilting "scam," which allegedly caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC). The raids target over 15 premises, including those of contractors and others involved.
UP: Insurance fraud amount in Sambhal crosses Rs 100 crore; ED seeks documents from police
A massive insurance scam, exceeding Rs 100 crore, has been uncovered in Uttar Pradesh's Sambhal district, involving fraudulent policies, fake documents, and even murders to claim insurance money. Police have arrested 52 people and are investigating links to 12 states, with the Enforcement Directorate also taking interest.
Terror funding? Charitable entities under CBDT lens
The Central Board of Direct Taxes (CBDT) is set to conduct a thorough review of charitable entities and non-profit organizations to detect potential misuse for terror financing or money laundering. Collaborating with agencies like IB, ED, and NIA, the CBDT will create a database focusing on institutions with foreign connections and those with questionable financial activities.
Fudging facts at Harvard: Professor Francesca Gino loses tenure over data fabrication
Harvard Business School professor Francesca Gino was stripped of her tenure for allegedly fabricating research data related to honesty and ethical behavior. The allegations, initially raised by the 'Data Colada' blog, led to an internal investigation and a lawsuit.
Under Trump's 'big, beautiful' bill, over 10 million more Americans projected to lose insurance
There would be an increase of 10.9 million people without health insurance under US President Donald Trump's big beautiful bill by 2034, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office. The bill will cut taxes by $3.75 trillion but also increase deficits by $2.4 trillion over the next decade.
Why should all health insurance claimants face painfully stringent claims processes due to a few fraud cases?
The broader lesson extends beyond health insurance to all financial services. Basic systems that people depend on should be designed to work efficiently and fairly. When they fail to do so, we need accountability mechanisms that create real consequences for those who abuse their position, whether they’re defrauding the system or denying legitimate claims.
Two held for Rs 41.45 lakh cyber fraud on retired army officer; Chinese nexus busted
In southwest Delhi, two individuals with alleged Chinese connections were apprehended for defrauding a retired army officer of Rs 41.45 lakh through a digital gold trading scheme. The suspects, Indra Kumar Sahani and Rahim Khan, operated a complex cyber fraud, funneling funds to foreign entities via mule accounts. Khan maintained contact with Chinese nationals, using cryptocurrency to evade detection.
MGF's Shravan Gupta, VVIP chopper scam co-accused, gets 10-year jail in Abu Dhabi
Shravan Gupta, already facing extradition requests in the AgustaWestland case, has been sentenced to ten years in prison by an Abu Dhabi court for fraud. He is now seeking to dismiss a related Delhi case filed by Emaar India, arguing double jeopardy.
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