The companies operating these call centres had foreign partners that received scam funds via various payment gateways, which were then routed to India through banks & hawala channels.
The alleged multi-crore fraud involves allegations of cheating by more than 15,000 depositors who were duped with false promises of unusually high returns.
Dabba trading apps—such as VMoney, VM Trading, Standard Trades Ltd, IBull Capital, LotusBook, 11Starss, GameBetLeague—are currently under ED investigation.
According to Delhi EOW FIR, Raheja Developers fraudulently collected large sums from investors and homebuyers, promising flats in group housing projects but failed to deliver.
The raids come after Gujarat police registered an FIR against 5 people, accusing them of duping people through fake digital arrests, forged police notices, and other means.
The raids were carried out at 15 premises in Delhi, Noida, Ghaziabad and Mumbai on 23 May under the PMLA after an FIR against companies like Jaypee, Jayprakash Associates, and others.
Targeted premises include offices and properties linked not only to Jaypee Associates but also to other major real estate players such as Gaursons, Gulshan, Mahagun & Suraksha Realty.
The accused allegedly claimed to be trustees of two Waqf properties, entered into 'fraud' lease agreements, extorted rents from tenants, and submitted false affidavits to the Waqf Board.
Parents alleged that the institute shut centers without any notice despite them making advance payments for the entire year, leaving 12,000 students' future in limbo, officials said.
Criminal proceedings against Jayshri Gayatri Food Products began in April 2024. Wife of company’s MD says relatives of Chirag Paswan are using political influence to target family.
The dogs will survive whatever orders are passed. But institutions are more fragile than we imagine. Once lost, the trust they embody takes generations to rebuild.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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