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Friday, January 16, 2026

Tag: corporate fraud

SC Orders Probe Into Indiabulls Transactions, Questions CBI Reluctance

Supreme Court directs CBI, SEBI, ED joint investigation into dubious transactions allegations against Indiabulls Housing Finance, now Sammaan Capital.

Byju’s $533 Million Missing Funds Round-Tripped to CEO, Court Alleges

Delaware court filing claims Byju Raveendran received missing $533 million through UK firm, contradicting corporate needs claims. Byju's denies allegations.

Supreme Court Issues Notices in RCom Fund Diversion Case Involving Anil Ambani

SC seeks responses from Centre, CBI, ED and Anil Ambani over plea alleging massive fund diversion at Reliance Communications in what could be India's largest corporate fraud.

Supreme Court to Hear PIL for ₹20,000 Crore RCOM Fraud Probe

Supreme Court agrees to hear PIL seeking court-monitored investigation into alleged ₹20,000 crore banking fraud involving Reliance Communications and Anil Ambani.

JPMorgan Pays $142M Legal Bills for Executive Who Scammed Them

Convicted fintech founder Charlie Javice defrauded JPMorgan of $175M, yet the bank must pay her $142M legal bills due to contractual clause, including luxury expenses.

ED Issues Fresh Summons to Anil Ambani in Fraud Case After Skipped Appearance

Enforcement Directorate tightens stance, rejects virtual statement request as SFIO takes over investigation into ADAG companies for fund diversion.

First Brands Seeks New Financing Amid Bankruptcy and Fraud Probe

Bankrupt auto supplier First Brands Group attempts to secure receivables financing while facing fraud allegations over previous invoice funding practices.

Cobrapost Accuses Reliance ADA Group of ₹28,874 Crore Banking Fraud

Explosive investigation reveals alleged fund diversion, offshore entities, and multiple legal violations in what could be India's major corporate fraud case.