Ahmedabad Man Arrested for Rs 1.11 Crore Cyber Fraud
Thiruvananthapuram cybercrime police arrest a 25-year-old from Ahmedabad for defrauding a doctor of Rs 1.11 crore via fake online trading promises. Read the full investigation details.
Category : Search result: insolvency fraud
Filmmaker Vikram Bhatt arrested in Rs 30 crore IVF fraud case
Bollywood director Vikram Bhatt arrested for allegedly cheating a Rajasthan doctor of Rs 30 crore in a fake IVF investment scheme. Details on the fraud case and police action.
Vikram Bhatt arrested in ₹30 crore fraud case
Filmmaker Vikram Bhatt arrested in a ₹30 crore investment fraud case. Joint police operation in Mumbai leads to detention. Details on the biopic project and allegations inside.
UP STF Busts Gang for Rs 100 Crore Bank Fraud, 8 Arrested
Uttar Pradesh STF uncovers a major interstate loan fraud syndicate using forged documents & shell companies, arresting 8 including the mastermind. Details inside.
Kanpur: Rs 5 Cr Fraud in Blue Chip Scam, Accused Held
Dubai-based investors allege a massive fraud by Blue Chip Company in Kanpur, losing crores. Police arrest accused Ravindranath Soni and plan a Red Corner Notice. Read the full investigation details.
Sen. Kennedy Exposes $1 Billion Minnesota Fraud Scandal
US Senator John Kennedy condemns the massive $1 billion 'Feeding Our Future' pandemic aid fraud scheme, one of the largest welfare fraud cases in US history. Read the shocking details.
Mangaluru Bank Manager Accuses 15 of Rs 104.7 Crore Fraud
A Canara Bank manager in Mangaluru files a police complaint, alleging a Rs 104.7 crore loss due to fraudulent loan sanctions by 15 individuals. Read the full investigation details.
Byju's Offshore Firm Puts Aakash ₹250-Cr Rights Issue in Legal Jeopardy
Byju Raveendran's Singapore entity Beeaar Investco's role in Aakash's rights issue faces legal scrutiny amid QIA's $235M arbitration award. Experts warn of enforcement risk despite separate legal status. Read the full analysis.
Indian man jailed for $1.1 million US Medicare fraud
Mohammed Asif, owner of American Labworks, sentenced for fraudulent COVID-19 test billing scheme. He must repay $1.17 million and faces deportation. Read the full details.
Rs 55 Lakh Fraud Uncovered in 4 Jalandhar Cases
Jalandhar police register four separate fraud cases totaling Rs 55 lakh. Victims deceived by fake promises of jobs, loans, and online schemes. Authorities urge public vigilance.
Kochi Visa Fraud: Rs 5 Crore Lost, 25 Agents Held
Kochi police uncover major visa fraud ring shifting from healthcare to blue-collar job scams for Europe & Gulf. Over 25 agents arrested, victims lose Rs 5+ crore. Experts warn of new tactics targeting desperate youth.
Kerala HC Orders Byju's RP, GLAS, EY India Heads to Appear
Kerala High Court directs Byju's RP, GLAS representative & EY India Chairman to appear personally in contempt case over alleged asset transfer. Key hearing set for July 17.
Aakash Rights Issue Stalled Over Byju's FEMA Compliance Issue
Aakash Educational Services halts ₹25 crore from Byju's parent in its crucial ₹250-crore rights issue over FEMA, ECB violations. The dispute threatens the fundraise amid leadership churn and insolvency battles. Read the full analysis.
Realty IBC Reforms Pushed to Later Phase
Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate
75-year-old loses Rs 6 crore in WhatsApp share fraud
A 75-year-old Mumbai man was cheated of Rs 6 crore in a sophisticated WhatsApp share market scam. Learn how fraudsters operate and how to protect yourself from such investment frauds.
Ahmedabad IT Pro Loses Rs 34.2L in UK Job Scam
A 30-year-old IT professional from Ahmedabad was cheated of Rs 34.2 lakh by fraudsters posing as UK job consultants. Learn how to protect yourself from such cyber fraud schemes.
ED Uncovers IBC Misuse, Bid Rigging in NCLT Cases
Enforcement Directorate exposes manipulation of insolvency process, arrests Lalu Prasad Yadav's aide Amit Katyal. Crucial evidence of bid rigging and ₹50 lakh cash seized in nationwide probe.
Beautician Files Rs 10.73 Lakh Fraud Case in Gondal
A Gondal beautician alleges an Odisha cosmetics company defrauded her and two friends of Rs 10.73 lakh in distributor scheme. Police investigation underway.
Jaiprakash Gaur's Legacy Ends in Bankruptcy
At 94, Jaiprakash Gaur watches his life's work collapse as NCLT admits Jaiprakash Associates into insolvency. Read about his rags-to-riches story and ultimate downfall.
Digital Arrest Scam: Retired Engineer Loses Rs 42.5 Lakh
A retired engineer in Kanpur was digitally arrested for 19 days and duped of Rs 42.50 lakh by fraudsters posing as CBI officials. Learn how this sophisticated cybercrime unfolded and how to protect yourself.
Kanpur jeweller cheated of Rs 10 lakh in Diwali scam
A Kanpur jeweller was duped of Rs 10 lakh by a Gujarat fraudster promising silver jewellery worth Rs 25 lakh for Diwali. Police investigation underway. Read full details.
Financial creditors surpass operational creditors in IBC cases
India's insolvency code undergoes significant shift as financial creditors now dominate bankruptcy proceedings. Analysis reveals changing creditor behavior and recovery patterns under IBC framework since 2020 threshold change.
IBC Reforms: Biggest Changes in 9 Years Coming
India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.
Bank Chiefs to Monitor Top NCLT Cases Personally
Public sector bank CEOs must personally oversee top 20 pending NCLT cases and 10 resolution accounts. DFS Secretary Nagaraju urges swift action for better recoveries through IBC ecosystem.
Italian Man Posed as Dead Mother for Pension Money
Italian police uncover shocking fraud where son allegedly impersonated his deceased mother for years to collect pension. The ruse ended when officials noticed something strange about the 'elderly woman'.
How to Prevent Mobile Number Change Fraud
Learn how scammers hijack mobile numbers for online fraud and discover 5 crucial steps to safeguard your bank accounts and digital identity. Act now to protect yourself!
Mumbai Cyber Fraud: ₹2,000 Crore Lost Since 2020
Mumbai faces alarming cyber financial fraud surge with 20,000 cases since 2020. Victims lose ₹2,000 crore as banks ignore RBI zero-liability rules. Learn how to protect yourself.
10 Bills for Parliament Winter Session 2025
Indian government lists 10 crucial bills for Winter Session including Atomic Energy Bill 2025 and Higher Education Commission Bill. Key reforms in nuclear sector, education, and economy await parliamentary approval.
Govt mulls tower-level insolvency for homebuyers
Indian government and IBBI are developing a tailored real estate insolvency framework focusing on project or tower-level resolutions to protect homebuyers from construction delays. Learn how this new approach could transform the housing sector.
IBBI's New Valuation Format Aims to Cut Litigation
IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.
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