Volkswagen 'dieselgate' fraud: Timeline of a scandal

Every person who is facing any sort of accusations is presumed innocent until a court of law pronounces him guilty, said fugitive diamantaire Mehul Choksi's lawyer in an official statement on Thursday.

Every person facing accusations presumed innocent until proven guilty: Choksi's lawyer

London's Westminster Court on Thursday extended the custody of Fugitive diamantaire Nirav Modi by August 22. Modi is wanted in India in connection with the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case.

UK court extends Nirav Modi's custody by August 22

A German woman who posed as a wealthy heiress to scam New York hotels, fashionable friends and banks with a blizzard of forged documents was sentenced to four to 12 years in prison on Thursday after a jury convicted her of fraud last month.

Fake German heiress sentenced to up to 12 years in prison for fraud

Consulate General of India in Dubai on Thursday asked job seekers to stay away from fraudulent job advertisements luring Indians to the UAE. In a statement, the Consulate said they have come across at least two fraud job offers made to Indian nationals in the name of UAE companies.

Consulate General of India warns citizens of fraud job offers in UAE

Chinese drone-maker DJI has placed 45 employees under investigation for alleged fraud that could cost the company more than one billion yuan ($150 million) in losses, the firm said Monday.

Staff fraud may cost China's DJI drone maker $150 million

DR Congo rebuked the African Union on Friday over its calls to suspend the announcement of final results from the presidential election, insisting that the Constitutional Court assessing the vote's legality was impartial.

DR Congo slaps down Africa Union call to suspend final vote result

Probity watchdog Central Vigilance Commission (CVC) has started examining audit reports of state-run banks and insurance companies to check incidents of fraud and suggest corrective measures, officials said Wednesday.

CVC examining audit reports of state-run banks, insurance companies to check fraud

Pakistan's Federal Investigation Agency on Friday arrested suspected mastermind of a fake Ponzi scheme who defrauded people online of around three billion rupees.

Suspected mastermind of fake Ponzi scheme held in Pakistan

Iran executed a trader known as the "Sultan of Bitumen" on Saturday over charges of fraud and large-scale smuggling of the oil product, the judiciary's news agency Mizan online reported.

Iran executes trader dubbed 'Sultan of Bitumen'

US President Donald Trump could face impeachment and jail time if hush money payments reported by his former lawyer are proven to be campaign finance violations, Democratic lawmakers said on Sunday.

Top Democrats say Trump may face impeachment, jail over hush money

Zuma faces 16 charges of fraud, racketeering and money laundering

South Africa's ex-president Zuma makes second court appearance on corruption charges

A total of 5,152 cases of fraud, up from over 5,000 cases in 2016-17, were reported in banks from April, 2017, to March 1, 2018, the Reserve Bank said.

Over 23,000 bank frauds worth Rs 1 lakh crore reported in 5 years: RBI

The 62-year-old flambouyant businessman, who appeared in the Westminister Magistrate's Court here, had his 650,000 pounds bail extended until the next date of hearing on July 11

Mallya case: CBI gets boost on evidence admissibility, next hearing on July 11

Vijay Mallya is wanted in India to face charges of fraud and money laundering amounting to around Rs 9,000 crore

Vijay Mallya back in UK court for extradition hearing

According to the Final Report Yusuf had hatched a conspiracy to received funds from Pakistan through hawala channels to spread terrorism in Jammu and Kashmir

NIA files chargesheet against Hizbul Mujahideen chief's son

British banking giant Barclays has agreed to pay a $2 billion fine to resolve a fraud case involving mortgage derivatives sold in the run-up to the 2008 global financial crisis, the US Justice Department said Thursday

Barclays to pay $2 billion fine for crisis-era fraud: US authorities

IDBI shares fell as much as 3.5 per cent to 73.6 rupees

IDBI Bank discloses fraud of Rs 772 crore, shares fall

The 62-year-old businessman, who is on trial for the UK court to rule if he can be extradited to India to face charges of fraud and money laundering amounting to around Rs 9,000 crores, watched the proceedings from the dock

Vijay Mallya case: UK judge says 'obvious' Indian banks broke rules

Agencies have accused Garg, a chartered accountant who was on the bank's board for three years until October 2009, of receiving bribes from the Sterling executives between 2008 and 2009

Andhra Bank sinks to a 15-year low amid fraud probe involving ex-director

ICICI Bank had led a consortium of 31 banks that had lent Rs 1,000 crore to Mehul Choksi's Gitanjali Gems

PNB scam: ICICI's Chanda Kochhar, Axis Bank's Shikha Sharma summoned by Serious Fraud Investigation Office

Mamic is being charged with embezzlement and tax fraud related to a series of player deals

Croatian footballer Luka Modric charged with false testimony

Calling for an investigation into the alleged incident, Majeed Memon said that this was reported during the time absconding billionaire jeweller Nirav Modi left India

Nirav Modi exchanged notes worth Rs 90 crore in PNB hours before demonetisation, alleges NCP lawmaker

There are around INR 10 lakh crores worth of bad loans in the Indian banking system. This number will likely rise.

Opinion: After Nirav Modi frauds PNB, are we to pay for our theft ourselves?

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