Page 3 - Fraud

DGGI arrests firm's director, accountant for fraudulently availing ITC

SHRPL is believed to have have availed and utilised fraudulent ITC of Rs 21.56 crore on an invoice value of Rs 121.76 crore

UN agency faces corruption, fraud allegations at climate projects: Report

"Issues identified by the audit could seriously compromise the achievement of the objectives of the audited entity," the report said

Chennai's EOW arrests DHFL promoters for cheating investors of Rs 218 cr

According to the police, a case was registered by the EOW on the direction of the Madras High Court, against DHFL and 11 others

DHFL asset sale may get further delayed over 'Bandra Book Entities' report

The report said siphoning off funds by the company was going on since 2006-07 via 91 fictitious entities operating from a Bandra branch

SFIO completed investigations against 361 companies last fiscal: Govt

The Serious Fraud Investigation Office (SFIO) completed probes in 12 cases involving 361 companies in the last financial year

Sebi slaps Rs 70 lakh fine on 14 persons for fraudulent trading activities

Markets regulator Sebi has imposed a total fine of Rs 70 lakh on 14 individuals for indulging in fraudulent trading activities in the shares of Vani Commercials Ltd more than three years ago

Customs probes 18 commercial fraud cases involving goods worth Rs 170 cr

They said the consignments are under investigation for alleged over-valuation and mis-declaration of goods

South Korean court denies arrest warrant against Samsung heir in fraud case

Prosecutors last week asked the court to issue an arrest warrant for the 51-year-old Lee, as part of a probe into alleged accounting fraud

US charges 3 Indian-origin healthcare startup ex-executives in $1-bn fraud

The co-founders of Outcome Health Rishi Shah, 33, and Shradha Aggarwal, 34, and former executive Ashik Desai, 26, are among six people accused of fraud

Delhi GST unit unearths racket involving fake invoices; two arrested

The accused were found to be operating 42 fake firms created to facilitate fraudulent Input Tax Credit (ITC), thus defrauding the exchequer

Indian-origin man pleads guilty to defrauding US dept out of over $29 mn

The Post-9/11 GI Bill provides veterans and other eligible individuals with assistance for education-related expenses such as tuition and housing.

Case filed against Goodwin Jewellers after 88 depositors allege fraud

The Thane police's Economic Offences Wing (EOW) is already probing against Goodwin Jewellers for allegedly cheating hundreds of investors of several crore rupees, an official earlier said.

Risk never dies: 39% biz suffered from leaks of internal info, says survey

Employees, more than any other entity, are responsible for internal fraud and leaks of internal information

126 arrested in Noida for running fake call centre, duping US citizens

A raid was conducted at the call centre, located in sector 63, late Thursday night on a tip-off that dubious operations were being carried out from there

So, how do financial criminals evade laws?

Fully eliminating bankruptcy fraud & money laundering may only be possible with uniform regulations

Bank fraud case: ED attaches assets with Rs 53 crore of Delhi firm

The first criminal complaint against the two firms and its directors was registered by the CBI in 2014

123 Goa govt officials availed scheme benefit through fraud

Notices have been issued to employees concerened and amount is being recovered with 8% interest