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After two decades, 10 convicted in Rs.67-lakh housing loan fraud case

MUMBAI, March 25 -- A special Central Bureau of Investigation (CBI) court on Tuesday has convicted 10 people in a Rs.67 lakh housing loan fraud case dating back to 2006, holding that a bank official a... Read More


Ex-PNB clerk seeks discharge in rRs.r13,700-crore Nirav Modi fraud case, hearing on April 13

India, March 24 -- A former Punjab National Bank (PNB) clerk has moved a special Central Bureau of Investigation (CBI) court in Mumbai seeking to be cleared of charges in the Rs.13,700-crore fraud cas... Read More


Ex-clerk seeks discharge in Rs.13.7K-cr Nirav Modi case

MUMBAI, March 24 -- A former Punjab National Bank (PNB) clerk has moved a special Central Bureau of Investigation (CBI) court in Mumbai seeking to be cleared of charges in the Rs.13,700-crore fraud ca... Read More


Post-cognisance, ED's arrest power lapses: PMLA court in rRs.r106-cr Axis MF case

India, March 23 -- Reinforcing limits on the Enforcement Directorate's (ED) power to arrest accused persons after a court takes cognisance, a special Prevention of Money Laundering Act (PMLA) court ha... Read More


Post-cognisance, ED's power to arrest lapses, PMLA court clarifies

MUMBAI, March 23 -- Reinforcing limits on the Enforcement Directorate's (ED) power to arrest accused persons after a court takes cognisance, a special Prevention of Money Laundering Act (PMLA) court h... Read More


Court refuses to discharge brothers in rRs.r84 crore 'ATC coins' case

India, March 21 -- Holding that the legality of cryptocurrency trading cannot be used as a shield for fraudulent conduct, a special court under the Maharashtra Protection of Interest of Depositors (MP... Read More


Court refuses to discharge two brothers in Rs.84-crore crypto scam

Mumbai, March 21 -- Holding that the legality of cryptocurrency trading cannot be used as a shield for fraudulent conduct, a special court under the Maharashtra Protection of Interest of Depositors (M... Read More


16 years on, CBI court convicts 5 in rRs.r3.55cr bank fraud

India, March 19 -- After a 16-year-long trial, a special CBI court has convicted a Bank of India official and four others in a Rs.3.55 crore fraud case involving a forged Letter of Credit (LC), while ... Read More


16 yrs on, 5 convicted for Rs.3.5-cr bank fraud

MUMBAI, March 19 -- After a 16-year-long trial, a special CBI court has convicted a Bank of India official and four others in a Rs.3.55 crore fraud case involving a forged Letter of Credit (LC), while... Read More


Santacruz resident cleared of rape charge after 7 years in jail

India, March 18 -- A sessions court has acquitted a 45-year-old Santacruz resident in a rape case, noting that the prosecution failed to prove the charges and that the evidence on record was inconsist... Read More