Gulf Times - fraud
Sixth Indian bank official held in $1.8bn fraud case

Sixth Indian bank official held in $1.8bn fraud case

The Central Bureau of Investigation (CBI) said Rajesh Jindal, the former head of the bank's Brady House branch in Mumbai between August 2009 and May 2011, was arrested, taking to six the tally of bank officials arrested.

Netanyahu aides named as suspects in new corruption probe

Netanyahu aides named as suspects in new corruption probe

Israeli police revealed on Tuesday that two close associates of Prime Minister Benjamin Netanyahu were among the suspects in a new corruption probe, with five others central figures in the Bezeq telecommunications group.

India's investigators close bank branch at heart of fraud

India's investigators close bank branch at heart of fraud

Three people, including two employees of Punjab National Bank (PNB), India's second largest state-run lender, were arrested and presented before a Mumbai court over the weekend.

Indian investigators raid billionaire jeweller's offices

Indian investigators raid billionaire jeweller's offices

Enforcement Directorate (ED) officers searched the Mumbai offices of Nirav Modi after he was accused of cheating state-owned Punjab National Bank (PNB) of 2.8bn rupees ($43.8mn).

NOC needed for selling gold, MoI reminds people

NOC needed for selling gold, MoI reminds people

Some people resort to the purchase and sale of gold jewellery without taking necessary safety precautions and following procedures, thereby exposing themselves to fraud, the ministry said.

Indian tycoon Mallya in UK court for extradition hearing

Indian tycoon Mallya in UK court for extradition hearing

Indian tycoon Vijay Mallya appeared in a London court on Monday to start his fight against extradition to his homeland, where he is accused of fraud.

QIIB warns customers against fraud

QIIB warns customers against fraud

QIIB said, “We regularly sends alert messages to our customers not to share their account details with anyone. Unfortunately, some customers do not seem to have heeded to our warnings.”

Spain court orders ex-IMF head Rato to be tried for fraud

Spain court orders ex-IMF head Rato to be tried for fraud

A Spanish court on Friday ordered former IMF head Rodrigo Rato to stand trial for fraud over the failed 2011 listing of Bankia, a bank he led which later needed rescuing by the state.

China jails 26 over $7.6 bn Ponzi scheme

China jails 26 over $7.6 bn Ponzi scheme

Two senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Ponzi scheme, state media reported Tuesday.

Court finds defrauding Islamic State is a crime in Germany

Court finds defrauding Islamic State is a crime in Germany

A German court has found a Syrian refugee guilty of attempting to defraud Islamic State, a court spokeswoman said on Monday, granting legal protection to a group viewed as terrorists by the European Union.

Uzbekistan jails ex-president's daughter Gulnara Karimova

Uzbekistan jails ex-president's daughter Gulnara Karimova

Uzbekistan said on Friday that it has jailed the eldest daughter of late president Islam Karimov, Gulnara Karimova after charging her with massive fraud and money laundering.

France jails Lebanese conman who posed as secret agent

France jails Lebanese conman who posed as secret agent

A Lebanese man who posed as a secret agent for a decade to swindle millions of euros from his victims was jailed for five years in France on Tuesday.