Author: Team Bharat Speaks
Mumbai A special Central Bureau of Investigation (CBI) court in Mumbai on Monday ordered the issuance of a proclamation against billionaire diamond trader Jatin Mehta, his wife Sonia Mehta and another accused in an alleged ₹146.35 crore fraud case involving Canara Bank. The court took the step to secure the presence of the accused, who have been absconding for years. However, it declined the CBI’s request for the immediate attachment of their properties, observing that mere apprehension was insufficient and that concrete material was required to justify such action. Special Judge Nitin V. Jiwane allowed the CBI’s application seeking a…
New Delhi State-owned Bank of India has declared an outstanding loan account of Future Enterprises Ltd worth ₹575.40 crore as fraudulent. The bank disclosed the development on Monday, October 12, stating that the matter had been reported to the Reserve Bank of India (RBI) in accordance with regulatory requirements. The bank has already made provisions equivalent to the entire outstanding amount of ₹575.40 crore. The development has once again brought the financial difficulties of the Future Group, which has interests in the retail sector, into focus. In a filing with the stock exchanges, Bank of India stated that the relevant…
Kolkata The Enforcement Directorate (ED) on Monday conducted simultaneous searches at eight locations in Kolkata as part of an investigation into an alleged chit fund scam. Investigators suspect that money collected from thousands of investors through promises of high returns may have been diverted into real estate projects. The searches primarily focused on areas in south Kolkata, including Tollygunge and Sarat Bose Road. According to sources familiar with the investigation, ED teams searched several premises in the presence of Central Armed Police Forces personnel. The operation forms part of a wider inquiry into the alleged misappropriation of investors’ money and…
विशाखापत्तनम। आंध्र प्रदेश के विशाखापत्तनम में राजस्व खुफिया निदेशालय (डीआरआई) ने विदेशी मूल के सोने की तस्करी के एक मामले में 8.98 करोड़ रुपये मूल्य का 5.832 किलोग्राम सोना जब्त किया है। इस कार्रवाई में दो लोगों को गिरफ्तार किया गया है, जो कथित तौर पर कोलकाता से हैदराबाद की ओर जा रहे थे। अधिकारियों ने आठ और नौ अक्टूबर की मध्यरात्रि के दौरान राष्ट्रीय राजमार्ग पर निगरानी के बाद एक कार को रोककर तलाशी ली। वाहन में विशेष रूप से बनाई गई गुप्त जगह से सोने के तीन पैकेट बरामद किए गए। डीआरआई की विशाखापत्तनम इकाई को सोने की…
New Delhi: The Enforcement Directorate (ED) has attached movable and immovable properties worth ₹34.91 crore in the alleged Nexa Evergreen fraud case under the Prevention of Money Laundering Act (PMLA), 2002. The action is part of an ongoing investigation into suspected financial fraud and money laundering linked to the case. The attachment aims to secure assets allegedly connected to proceeds of crime and prevent their transfer during the investigation. The ED is examining the financial transactions associated with the case to establish the source of the assets and determine whether they were acquired using funds generated through alleged unlawful activities.…
Agra: Cybercriminals are finding new ways to breach bank accounts even when people remain alert to suspicious calls. In a shocking case reported in Agra, an 80-year-old lawyer lost ₹22.88 lakh despite suspecting a fraudulent call, disconnecting it immediately and visiting his bank to secure his savings in fixed deposits (FDs). Within days, the entire amount was withdrawn from his accounts. He discovered the fraud after receiving a bank alert. Police have registered a case and launched an investigation, examining possible mobile phone hacking and the potential involvement of bank employees. ₹12 Payment Requested in the Name of Gas Subsidy…