Results for: Fraud

Dinesh Dalmia, the founder of DSQ Software Group, has been accused of fraudulent activities that have defrauded nine banks and financial institutions of a staggering 200 crore. Dalmia has denied all the accusations, maintaining his stance as a “victim” and a “scapegoat.” A forensic audit conducted by six lenders has revealed a weak connection to him. However, a First Information Report (FIR) lodged by Vivriti Capital Limited (Vivriti) on April 6, 2024, in Chennai lists him as the prime accused of criminal breach of trust, conspiracy, cheating, and forgery. The FIR implicates several individuals, including Dalmia, Gopal Padia, Ramnath Arumugam, Pankaj Dalmia, and Yekulu Venkata Subbiah, Murali Babu, who are part of a group of companies collaborating to deceive Indian lenders. Vivriti claims that Dalmia used the name Dinesh Kumar during the period to obscure his infamous background, contributing to Vivriti’s lack of awareness. Gopal Padia, a businessman based in Singapore and the owner of Avemore Pte Ltd, a Singaporean company, held a significant stake and served as a director at RHP. He purported to be a customer of RHP and was involved in the importation of its products, although much of this assertion was later found to be untrue. RHP had asserted its involvement in the dairy sector, claiming operational facilities in Tamil Nadu and Maharashtra. RHP defaulted on its loans in August 2023. Vivriti later claimed to have discovered that Gopal Padia had resigned from RHP and sold his shares without notifying the lenders. Substantial sums were allegedly transferred to Singapore-based entities associated with him by RHP in 2023. In August 2023, eight additional lenders became aware of Dinesh Kumar/Dalmia’s fraudulent activities. These lenders, who had provided loans, bill discounting, and other facilities to RHP, were Axis Bank, HDFC Bank, SBI Global Factor Limited, Fincare Small Finance Bank, Maglix Labs Private Limited, IndusInd Bank, and . A forensic audit of RHP uncovered two categories of RHP-associated entities. Firstly, those directly linked to RHP feature joint directors such as Gopal Padia, Pankaj Dalmia, and Ramnath Arumugam. These entities include KMP Fortune Advisors LLP, Raadin Health Food Private Limited, Wegan House Private Limited, and Right Health Product Private Limited. Additional entities utilized for money routing purposes consist of Kamadhenu Beverages Pvt Ltd, Exemplar Dealcom Pvt Ltd, and three private entities named Arrowline Food N Beverages, Arrowline Organic Products, and Arrowline Dairy Products, among numerous others. Axis Bank inspected RHP’s premises in MIDC, Baramati, near Pune, where alarming signs of a deceptive operation with fraudulent intentions were discovered.

Sahil Khan, fitness expert and actor with 2.8 million YouTube subscribers, has been arrested in connection with the Mahadev Betting App fraud case involving Rs 15,000 crore. Khan was brought to Mumbai from Chhattisgarh and remanded to police custody until May 1st. The app is alleged to have facilitated illegal gambling on various games, and the police are investigating Khan’s involvement along with 31 others.

Tesla’s Full Self-Driving (FSD) software has faced renewed scrutiny following shocking claims made by Dustin Moskovitz, co-founder of Meta (formerly Facebook). Moskovitz has raised concerns about misleading data, consumer fraud, and questionable progress in FSD development.

A 57-year-old astrologer has filed a case alleging that she was cheated out of Rs 52 lakh by a self-proclaimed saint and his five accomplices over a period of six years. The self-proclaimed saint, Vijay Joshi, allegedly threatened the astrologer that her son would face a tragic death and her business would fail if she did not pay him. The astrologer, who was introduced to Joshi through her acquaintance Subhash Brida, invested Rs 52 lakh and her gold jewelry in Joshi’s business ventures out of fear. She later realized the fraud and approached the police. The police have registered a case under various sections of the Indian Penal Code and The Maharashtra Prevention and Eradication of Human Sacrifice and other Inhuman, Evil, and Aghori Practices and Black Magic Act, 2013.

The Jalisco New Generation Cartel (CJNG) has expanded its criminal activities to include time-share scams, defrauding American and Canadian owners of millions of dollars. The cartel uses sophisticated tactics, including fake websites, official-looking forms, and follow-up calls from purported investigators. Despite law enforcement efforts, the scams continue to thrive, with estimates suggesting hundreds of millions in losses each year.

Vietnam’s top soft drinks tycoon, Tran Qui Thanh, has been sentenced to eight years in prison for a $40 million fraud case. Thanh, the 71-year-old chairman of beverage group Tan Hiep Phat, was found guilty of scamming investors over loans issued in 2019 and 2020. The court also sentenced his 43-year-old daughter, Tran Uyen Phuong, to four years in jail, and his 40-year-old daughter, Tran Ngoc Bich, to a suspended three-year jail sentence. Vietnam’s sweeping crackdown on corruption has seen more than 4,400 people charged with criminal offenses, including officials and senior business figures.

Voicers Nancy Brenner and Eugene Dunn express support for Donald Trump despite accusations of fraud and obstruction of justice. Critics argue that these charges are serious and should not be dismissed as normal behavior. They also criticize Trump’s conduct during the trial and his claims of persecution. Additionally, concerns are raised about the anti-Semitic and hateful rhetoric prevalent at Columbia University and the horrific discovery of mass graves in Gaza. The article also discusses the lack of positive news coverage for African Americans and the continued racism faced by this group in media portrayals.

Four Las Vegas restaurants have filed a class-action lawsuit against Uber, alleging that the ride-hailing company allowed impostor restaurants to use their names and identities to siphon business on its Uber Eats delivery service. According to the lawsuit, Uber’s failure to verify restaurant identities allowed malicious actors to create fake pages and deceive customers, resulting in lost revenue for the legitimate businesses.

Eleven Republicans, including former state party chair Kelli Ward, state senators Jake Hoffman and Anthony Kern, and energy executive James Lamon, have been indicted in Arizona for submitting a fraudulent document to Congress falsely declaring that Donald Trump won the state in the 2020 presidential election. The charges, which include conspiracy, fraud, and forgery, mark the fourth state to bring charges against “fake electors.” The indictments come after similar charges in Michigan, Nevada, Georgia, and Wisconsin, and follow a federal indictment against Trump himself over the scheme. Democratic Attorney General Kris Mayes vowed to hold accountable those responsible for undermining American democracy.

Eleven Arizona Republicans, including prominent party figures and state legislators, have been charged with conspiracy, fraud, and forgery for submitting a false document claiming that Donald Trump won Arizona in the 2020 presidential election. The indictments mark the fourth state to bring charges against individuals known as ‘fake electors’ who sought to overturn the election results. Biden won Arizona by over 10,000 votes, and the 11 Republicans were among those who unsuccessfully challenged his victory in court.