investment fraud
Delhi Police Dismantles Rs 47-Lakh Cyber Fraud Ring with Chinese Connections: 8 Arrested in Online Trading Scam
Dec 17, 2025 09:27 pm CST
The Delhi Police Crime Branch has uncovered a sophisticated cyber fraud operation with Chinese connections, arresting eight individuals involved in a Rs 47.23 lakh online stock trading scam. The fraudsters used Telegram groups, fake trading applications, and shell companies to target victims with false investment promises, exposing an elaborate money laundering network connected to over 1,100 cybercrime cases nationwide.
Bollywood Star Shilpa Shetty and Husband Raj Kundra Face Cheating Charges in Rs 60 Crore Fraud Investigation
Dec 17, 2025 01:11 pm CST
Actress Shilpa Shetty and businessman Raj Kundra have been charged with cheating in a Rs 60 crore fraud case by Mumbai Police's Economic Offences Wing. The case stems from allegations by businessman Deepak Kothari who claims the couple misused his investment in their now-defunct Best Deal TV company between 2015-2023. Enforcement Directorate involvement may be sought as the investigation expands.
Chinese Nationals Charged in Rs 1000 Crore HPZ Token Cryptocurrency Scam During Covid Pandemic
Dec 11, 2025 02:33 am CST
The CBI has charged two Chinese nationals in connection with the HPZ Token investment fraud, a sophisticated cryptocurrency scam that defrauded Indian citizens of over Rs 1000 crore during the Covid pandemic. The fraudsters operated through shell companies and payment aggregators to launder money, with the masterminds now fugitives operating from abroad. This case reveals part of a larger cyber crime network targeting vulnerable Indians through various financial scams.
Delhi Police Arrests Three in Rs 88 Lakh Digital Arrest and Investment Fraud Operation
Nov 25, 2025 08:12 pm CST
Delhi Police have arrested three individuals involved in a sophisticated cybercrime operation that netted over Rs 88 lakh through digital arrest threats and fake investment schemes. The suspects used police impersonation tactics and fraudulent cryptocurrency platforms to target victims, including elderly individuals, while employing multiple bank accounts to launder the stolen funds.
Al-Falah University Chairman's Ancestral Home Faces Demolition Amid Family's Multi-State Legal Troubles
Nov 20, 2025 01:07 pm CST
The Mhow Cantonment Board has issued a final demolition notice for unauthorized construction at the ancestral home of Al-Falah University chairman Mohammad Jawad Ahmed Siddiqui. This action comes as the family faces heightened scrutiny following the arrest of Jawad's brother Hamud for investment fraud after 25 years as a fugitive, and connections to a broader investigation involving the Delhi Red Fort explosion that killed 13 people. The property dispute dates back nearly three decades with multiple unheeded notices issued since 1996.
Fugitive Brother of Al-Falah University Founder Arrested After 25 Years in Multi-State Investment Fraud Case
Nov 18, 2025 02:42 pm CST
After evading authorities for 25 years, Hamud Ahmad Siddiqui, brother of Al-Falah University founder Jawad Ahmad Siddiqui, has been arrested in Hyderabad. Wanted for investment fraud schemes exceeding Rs 40 lakh from the late 1990s, his capture comes as the university faces scrutiny following connections to the Delhi car bombing incident. Authorities revealed Siddiqui had been living under a new identity while operating an investment firm in Hyderabad.
Delhi Blast Investigation Expands to Mhow: Tracing Al-Falah Founder's Connections to Terror Network
Nov 14, 2025 01:44 am CST
The Delhi blast investigation has extended to Mhow in Madhya Pradesh, focusing on Jawad Ahmad Siddiqui, founder of Al-Falah University in Faridabad. Authorities are examining his background and connections following the November 10 explosion near Delhi's Red Fort. The multi-agency probe involves Delhi Police, NIA, and intelligence agencies investigating the use of ammonium nitrate in the blast and possible links to a broader terror network.
Mumbai Lawyer Loses Rs 9.94 Crore in Sophisticated Cyber Investment Fraud Scheme
Nov 13, 2025 04:59 pm CST
A 65-year-old retired lawyer from Mumbai fell victim to an elaborate cyber scam, losing Rs 9.94 crore after being lured into investing through a fake trading app impersonating a reputable financial firm. The fraudsters created a convincing facade using WhatsApp groups and fake investment platforms to deceive the victim over several months before disappearing with his money.
Kerala Teacher Loses Rs 95 Lakh in Online Gold Trading Scam: Two Arrested in Malappuram Cyber Fraud Case
Nov 07, 2025 10:08 pm CST
A school teacher in Kerala was defrauded of Rs 95 lakh after being promised 60% returns through online gold trading. Malappuram Cyber Crime Police arrested two 20-year-old suspects who were part of a larger criminal network that used rented bank accounts to facilitate cyber fraud. The investigation continues as authorities search for additional members of the criminal operation.
Exposed: Rs 40 Crore IPO Scam Operation Uncovered by ED in Mumbai with 400 Fake Bank Accounts
Nov 04, 2025 11:12 pm CST
The Enforcement Directorate has uncovered a massive Rs 40 crore IPO scam in Mumbai involving Varanium Cloud Ltd. The company fraudulently raised funds claiming to build digital learning centers but instead diverted money through a complex network of over 400 mule bank accounts and 200 SIM cards. The sophisticated "pump and dump" scheme used false promises, forged documents, and shell companies to artificially inflate stock prices before dumping shares, causing significant losses to genuine investors.