CBI FRAUD CASE
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.
Schengen visa: Indian working in French Embassy duped up to Rs 45 lakh per Schengen visa applicant; CBI gets first silver notice published by Interpol
An Indian employee at the French Embassy in New Delhi defrauded Schengen visa applicants by charging up to Rs 45 lakh per visa applicant. Uisng this money the accused and his family acquired properties worth crores both in India and abroad. The CBI investigated the fraud, which occurred between January 2021 and May 2022 and interpol assisted in tracing the assets kept abroad.
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.
'Your PF is with CBI now': Mumbai man loses Rs 1.4 crore after falling for 18-month scam involving fake CBI, EPFO officials
A 73-year-old former state government employee from Andheri was swindled out of Rs 1.4 crore by cyber fraudsters posing as EPFO officials. The scam began with a call about pending PF dues, leading to a series of payments over 18 months.
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.
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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.
Interpol issues first Silver notice on India's request
Interpol has issued Silver notices for Shubham Shokeen and Amit Madanlal Lakhanpal. Shokeen is wanted for visa fraud, accused of collecting illegal payments for Schengen visas. He acquired properties in Dubai with the proceeds. Lakhanpal allegedly created a cryptocurrency, MTC, and collected funds without permission. He is accused of embezzling the invested money.
CBI files chargesheet against former CMD of BECIL, others in corruption case
The CBI has filed a chargesheet against former BECIL chairman George Kuruvilla and others for alleged bribery and fraudulent loan disbursal to TGBL. Kuruvilla, along with other officials, conspired to cheat BECIL of Rs 50 crore by disbursing a venture loan to TGBL, whose CEO, Prateek Kanakia, diverted funds and paid Kuruvilla a bribe.
Ex-UCO Bank CMD Goel's arrest in alleged fraud case latest in list of bank honchos sent behind bars
Central investigative agencies have arrested several bank executives, including former UCO Bank CMD Subodh Kumar Goel, in connection with alleged loan fraud cases. Other prominent figures like Chanda Kochhar (ICICI Bank), Rana Kapoor (Yes Bank), and Yogesh Agarwal (IDBI) have also faced arrest and investigations for financial irregularities.
ED arrests ex-UCO Bank Chairman Subodh Kumar Goel in connection with fraud case, gets custody till May 21
The Enforcement Directorate (ED) has arrested former UCO Bank CMD Subodh Kumar Goel on money laundering charges related to a Rs 6,200 crore loan fraud involving Concast Steel and Power Ltd (CSPL). Goel is accused of receiving illegal gratification for sanctioning credit facilities to CSPL, which were subsequently diverted.
UK judge notes 'confidential impediment' in Nirav Modi extradition case
Nirav Modi's bail plea was rejected by a London High Court judge, citing a 'confidential impediment' hindering his extradition to India. Despite arguments about the delay and his health, the judge deemed the risk of Modi absconding too high. The confidential proceedings, possibly related to an asylum application, remain a key factor in the ongoing legal battle.
Delhi Police draws strategy to curb digital arrest frauds, online complaint platform in works
Delhi Police is developing a comprehensive strategy to combat the surge in digital arrest frauds, including establishing a centralised complaint system and a database of involved gangs. A committee has been formed to create guidelines, aiming to improve response times and coordination. This initiative follows a significant loss of Rs 120 crore to such scams in early 2024.
UK HC rejected Nirav Modi's bail keeping in mind sheer quantum of fraud: ED
The UK High Court has denied bail to fugitive diamond trader Nirav Modi for the fourth time, citing the massive fraud against PNB. Extradition proceedings are in their final stages. Modi, arrested in 2019, faces charges of money laundering and defrauding PNB of over $1 billion. The ED has attached assets and restituted a portion to victim banks.
UK court rejects fresh bail application of Nirav Modi
The UK High Court has denied bail to Nirav Modi, a key figure in the Rs 6498.20 crore PNB scandal, who is facing extradition proceedings. Modi's plea, citing threats to his life and denying wrongdoing, was countered by Indian investigating agencies.
CBI conducts searches at 42 locations, arrests five under Operation Chakra -V
The CBI, as part of Operation Chakra-V, conducted searches at 38 Point of Sale Agents of Telecom Operators across eight states, uncovering a network issuing SIM cards for illegal activities like digital arrest and fraud. Five individuals were arrested for violating KYC norms and unauthorized SIM card sales.
Mumbai court issues non-bailable warrant against Mehul Choksi in loan fraud case
A non-bailable warrant has been issued against Mehul Choksi, already arrested in Belgium, in connection with a Rs 55 crore loan fraud involving a Canara Bank-led consortium. The CBI alleges that Bezel Jewellery misused the loan, leading to significant losses for the banks. Choksi, also a key figure in the larger PNB fraud, is currently contesting extradition.
Loan fraud case linked to EOTTL: CBI court grants bail to Rana Kapoor, others
A special CBI court granted bail to Yes Bank founder Rana Kapoor and others in a Rs 1000 crore loan fraud case involving Ezeego One Travels and Tours Limited (EOTTL). The court allowed their bail pleas, noting the CBI hadn't arrested them before filing the charge sheet and didn't demonstrate the necessity of their custody during the trial.
Why don't you probe banks, SC quizzes CBI
The Supreme Court has strongly criticized banks for their collusion with borrowers in fraud cases involving public funds, questioning the CBI's lack of investigation into the banks' roles.
Mehul Choksi's bail plea rejected by Belgian court
In a significant setback for Mehul Choksi, wanted in connection with the $2-billion Punjab National Bank fraud, a Belgian Court has denied his bail plea, citing concerns about him evading law enforcement. The court highlighted Choksi's history of fleeing India and acquiring Antiguan nationality, dismissing his health concerns and rejecting the offer of a GPS tracker.
Belgian court rejects Mehul Choksi's bail, key accussed in Rs 13,500 cr PNB loan fraud case
A Belgian court has denied bail to Mehul Choksi, a key figure in the Rs 13,500 crore PNB loan fraud case. Arrested by Belgian police at the request of the CBI, Choksi faces extradition proceedings. His legal team plans to challenge the arrest, citing violations of natural justice, and intends to file another bail request soon.
Mehul Choksi to seek bail next week in Belgium, may cite bad health
Mehul Choksi, wanted in the PNB fraud case, is set to challenge his arrest in Belgium, citing violation of natural justice and seeking bail. His legal team will argue against flight risk due to ill-health and community ties, while India opposes his release.
Working closely with Belgium on Mehul Choksi's extradition: India
India is actively collaborating with Belgium to extradite fugitive diamantaire Mehul Choksi, who was apprehended in Antwerp based on India's formal request. Choksi is wanted for his alleged involvement in a Rs 13,500-crore bank loan fraud case. He and his nephew, Nirav Modi, are accused of defrauding Punjab National Bank using fraudulent letters of undertaking.
How India's massive school jobs scam left 25,000 in limbo
The Calcutta High Court's decision to cancel the recruitment of nearly 25,000 teaching and non-teaching jobs in West Bengal government-aided schools, due to widespread fraud between 2016 and 2020, has been upheld by the Supreme Court. The recruitment process, managed by WBSSC, was deemed "unashamedly" manipulative, with evidence of rigged appointments, manipulated marksheets, and destroyed records.
"Getting somebody from EU is toughest": Former CBI Director on Mehul Choksi's possible extradition to India
Fugitive businessman Mehul Choksi's extradition from Europe is proving difficult, according to former CBI Director AP Singh. Indian authorities must present solid evidence and assure Belgian courts of fair prison conditions. Choksi's arrest in Belgium follows India's extradition request, with agencies confident in their evidence against him.
India has requested Mehul Choksi's extradition, Belgium confirms
Indian authorities seek extradition of Mehul Choksi from Belgium. He was arrested on Saturday. Choksi is wanted for a major banking fraud in India. The fraud involves Punjab National Bank. The amount is over Rs 13,850 crore. He fled India in 2018. Belgian authorities are preparing for judicial proceedings. Choksi has access to legal counsel.
Mehul Choksi in custody: How a fugitive businessman brought the share of India's second largest PSU bank from Rs 200 to Rs 53 in few days
In 2018, Punjab National Bank uncovered a massive Rs 13,500 crore fraud involving Nirav Modi and Mehul Choksi, who manipulated the system to obtain fraudulent Letters of Undertaking. Choksi was recently arrested in Belgium following India's extradition request. The scam involved siphoning off funds under the guise of trade finance with the help of bank officials.
"Mehul Choksi’s wallet is full...": PNB scam whistle-blower explains why extradition won’t be easy
Sources say Choksi was arrested in Belgium on Saturday after local authorities confirmed his presence in the country. Sources further stated that preparations were being made for his extradition to India.
'Every bit of money involved should be recovered': Gitanjali Gem's Ex-MD on Mehul Choksi arrest
Former Gitanjali Gems MD Santosh Srivastava hailed Mehul Choksi's arrest in Belgium, urging swift extradition and fund recovery. Choksi's lawyer, Vijay Aggarwal, plans an appeal citing ill health and cancer treatment. PNB scam whistleblower Hariprasad SV anticipates a difficult extradition process due to Choksi's resources and legal strategies, recalling his past evasion in Dominica.
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