Online firm ‘dupes’ investors of crores
In an alleged multi-crore fraud, online marketing company City Management Facility Services cheated hundreds of people as it downed its shutters and disappeared. The company’s headquarters at RTC Cros
25 SIMs for a woman!
Jagatham, a fish vendor from Kumbalangi, is hardly able to send a message or make a call from her mobile phone, but on Saturday she was questioned by a Central Telec-om Enforcement team for possessing
Reebok India case: I-T finds no signs of big corporate fraud
About two months after a criminal case was filed by Reebok India against two of its former employees over a scam allegedly involving Rs 870 crore, the Income Tax department has found that it may no
Stanford sentenced to 110 years for $7 bn Ponzi scheme
Financier and cricket mogul Allen Stanford was sentenced to 110 years in jail for a $7 billion Ponzi scheme on Thursday, closing the book on the flamboyant ex-tycoon's stunning fall from grace.
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Indian financier jailed over 1990s crisis-era fraud in Thailand
A Thai court jailed an Indian financier for 10 years on Friday for massive embezzlement that helped bankrupt a Thai bank in the mid-1990s and spark a crisis in the financial sector that spread through
ATM fraudsters auction data abroad: SBI
ATM fraud is an organised crime with international linkages for procurement of hi-tech gadgets and auction of data, M.S.S. Srinivas, Additional General Manager, SBI Switch Centre Mumbai said on Saturd
Fake IPS officer’s prison link probed
The prison authorities have decided to initiate a probe into the fake IPS officer episode inside the Vellore jail where a woman accused posed as a senior IPS officer and took a woman warden, with whom
US sues Apple, publishers yield on e-book pricing
The US Justice Department sued Apple and five publishing houses alleging a ‘conspiracy’ to raise prices and limit competition for e-books, and immediately reached a partial settlement in the case.
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Students’ high-flying foreign dreams crashed
A 23-year-old youth of Karur district, who had gone to Philippines to train as a pilot about six months back by paying Rs 17 lakh, was shocked when the institution where he had been training closed d
MBA graduate cheats people of Rs 5cr, held
The Jubilee Hills police has arrested a 32-year-old woman and her husband for allegedly cheating their customers to the tune of about Rs 5 crore.
Police said that the 32-year-old woman G. Pavani, an