Financial Crimes

Story in numbers: PMLA registrations up four-fold, higher than a decade ago

According to the Enforcement Directorate (ED) data on PMLA, 5,422 cases are under investigation, 400 have been arrested and 25 convicted until March 31, 2022

Hacker steals $625 mn in crypto from Blockchain platform Ronin

In December last year, cyber criminals stole cryptocurrency worth $80 million from Qubit Finance, a decentralised finance (DeFi) platform.

7 Indian-origin persons charged in million dollar insider trading scheme

The SEC's complaint, filed in the Northern District of California, charges each of the defendants with violating antifraud provisions of the Securities Exchange Act.

Cases should be taken to logical conclusion expeditiously: FM to DRI

Finance Minister said logical conclusion is important but speedier conclusion is what will keep the heat on people who are promoting these kinds of activities

Wall Street enforcement to get tougher as SEC's new top cop gets to work

Former New Jersey Attorney General Gurbir Grewal starts work at the U.S. Securities and Exchange Commission (SEC) on Monday

FATF to evaluate India's mechanism to deal with financial crimes this year

The FATF, the global body against money laundering and terror financing, is likely to carry out an evaluation of India's established mechanism to deal with such financial crimes later this year.

Malaysia's Ambank to pay government $700 million in 1MDB-linked settlement

This relates to a multi-billion-dollar financial scandal at state fund 1MDB

Religare scam: Anticipatory bail plea of former director dismissed

A Delhi court has dismissed an anticipatory bail plea of Avinash Chander Mahajan, former independent director of Religare Finvest Ltd

ED arrests actor-businessman Sachin Joshi in money laundering case

Joshi is an actor-producer hailing from a family having gutka manufacturing business

CBI books six Indian Overseas Bank officials for misappropriating money

The CBI has booked six officials of the Indian Overseas Bank in Andhra Pradesh's Vijaywada and Guntur

Deepak Puri can be treated in India, not required to go abroad, CBI to HC

Deepak Puri is booked in a bank fraud case

Former BJP MP, bank officials booked for fund misappropriation

A case has been registered against former BJP MP Dilip Gandhi in connection with misappropriation of funds to the tune of Rs 3 crore in Maharashtra's Ahmednagar city

This is how people do financial crimes and get away with them

Bankruptcy fraud and the degree of cultural and ethical differences between these in US and Europe