MobiKwik Faces Rs 40-Crore Fraud After Glitch; Six Arrested, Shares Trade Flat
Shares of One MobiKwik Systems Ltd are trading flat after hitting a day’s high of Rs 305.95 on 18th September, following reports that the company...
Tag : fraud
ED Arrested Deccan Chronicle Promoters and Auditor Over Rs 9,805 Crore Bank Fraud
The Enforcement Directorate (ED) has arrested promoters and former directors of Deccan Chronicle Holdings Ltd (DCHL), T Venkattram Reddy and PK Iyer, and the company’s...
Sequoia-backed GoMechanic acquired by Lifelong Group 2 months after fraud
GoMechanic, a car servicing startup based in Gurugram, has been acquired by Servizzy, a consortium led by the Lifelong Group. The group is an Indian...
Post Office Staff Misappropriates Rs 96 Cr of Public Money: CAG
Comptroller and Auditor General have said that the staff at post offices has misappropriated Rs 95.62 crore of public money between November 2002 and September...
Rs 3,800 Crore Fraud Plunged PNB By 11 percent
Punjab National Bank (PNB) shares tanked 11 percent in trade on Monday after the public sector lender on Saturday said it has detected a fraud...
Interpol Issues Red Corner Notice Against Mehul Choksi
A Red Corner Notice by the Interpol has been issued against fugitive billionaire Mehul Choksi who is accused of duping Punjab National Bank and defrauding...
Rotomac Pens promoter, accused of Rs.800 crore fraud
Vikram Kothari, the promoter of Rotomac Pen has been charged by CBI and is being raided. In a FIR filed last night, the agency has...
UCO Bank discloses exposure of USD 412 mn in PNB fraud case
UCO Bank has disclosed exposure of USD 411.82 million, in fraudulent transactions carried at Punjab National Bank (PNB). As per the bank’s filing to the Bombay...
Advice for – Friday, January 16, 2009
Yesterday: Indian stock market opened with a gap down due to worse global cues as we predicted in the morning. Yesterday market managed to hold...