Ponzi schemes
- Hyderabad
Absconding for weeks, Heera Group’s Nowhera Shaik held in Gurugram in ponzi case
Hyderabad: The Enforcement Directorate (ED) on Thursday, May 21, arrested Heera Group chief Nowhera Shaik from Gurugram in connection with an alleged Rs 3,000 crore investment fraud involving around 1.72 lakh investors, the…
- Bangalore
Over 300 people cheated of Rs 200 crore in Bengaluru real estate fraud
Bengaluru: A major real estate fraud involving more than Rs 200 crore has come to light in Bengaluru, where people searching for houses on lease were allegedly cheated by a private intermediary…
- Hyderabad
Lawyer goes to police to complain of Mangli threats, gets breath-tested instead
Hyderabad: The Punjagutta Police on Monday, April 13, conducted a breath analyser test on Advocate Subba Rao, who is representing the victims of an investment ponzi scheme allegedly orchestrated by folk singer…
- Hyderabad
Telangana cops arrest Falcon Ponzi Scheme mastermind from Mumbai
Hyderabad: The alleged mastermind of the Falcon Ponzi Scheme, Amardeep Kumar, was caught by immigration authorities at Mumbai airport on Monday. He is a cited accused in an Rs 800 crore fraud…
- India
ED arrests couple in Rs 300-crore Ponzi fraud case
New Delhi: The Enforcement Directorate has arrested a man and his wife for allegedly duping people by orchestrating a multi-level marketing scheme involving more than Rs 300 crore. Chander Bhushan Singh and…
- Hyderabad
Hyderabad: Two held in Rs 850cr Ponzi sceme
Hyderabad: Two persons were arrested in connection with a Rs 850 crore Ponzi scheme involving Falcon Invoice Discounting Platform, which allegedly duped over 6,000 depositors across the country, Cyberabad police said on…
- India
ED summons actor Prakash Raj in Rs 100 crore money laundering case
Chennai: The Enforcement Directorate has summoned actor Prakash Raj for questioning in a money laundering case linked to an alleged Rs 100 crore ponzi and fraud case against a Tiruchirapalli-based jewellery group, official sources said…
