Fresh trouble for Vijay Mallya: SFIO probes fund diversions by Kingfisher Airlines
In fresh troubles for Vijay Mallya-led UB Group, the Serious Fraud Investigation Office (SFIO) is probing alleged fund diversions by the long-grounded Kingfisher Airlines to other group firms and has sought details from United Spirits in this regard.
Sep 15, 2015, 21:56 PM ISTEx-IMF chief Rato refuses to testify on fraud charges
The ex-head of the International Monetary Fund Rodrigo Rato refused to answer a judge`s questions Wednesday over the latest in a string of fraud charges against him, a source close to the case said.
Jul 22, 2015, 23:18 PM ISTSpain rejects extraditing trader in `London Whale` case to US
Spanish authorities have refused to extradite a former JPMorgan bank trader to the United States where he faces criminal charges in the massive "London Whale" fraud scandal.
Apr 24, 2015, 00:59 AM ISTSpain claws back 28 bn euros in fraud crackdown
Spain has clawed back 28 billion euros ($37 billion) since launching a crackdown on tax fraud two years ago in a bid to fix public finances, the government said on Tuesday.
Sep 02, 2014, 21:33 PM ISTUBS charged with tax fraud in France: Judicial source
Swiss bank UBS was on Wednesday charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland, a judicial source said.
Jul 23, 2014, 23:16 PM ISTIndian businessman pleads guilty in USD 200 mn credit card fraud scheme
An Indian businessman, involved in one of the largest credit card fraud schemes ever prosecuted by US federal authorities, has admitted to his role in the conspiracy and now faces a maximum penalty of 30 years in prison and a USD 1 million fine.
Jun 20, 2014, 06:47 AM IST