misappropriation of funds
Major Rs 70 Crore Fraud Uncovered at EPFO Credit Society: Two Arrested in Bengaluru
Nov 05, 2025 03:13 pm CST
Bengaluru Police have arrested two key individuals in connection with a Rs 70 crore fraud at the EPFO Staff Credit Co-operative Society. The society's CEO Gopi and employee Lakshmi Jagadish allegedly misappropriated investors' deposits, with payments ceasing three months ago. Luxury vehicles have been seized while a third suspect remains at large as the investigation continues into one of the region's significant financial scandals.
Delhi Court Rejects Bail for Self-Styled Godman Chaitanyananda Saraswati in Major Forgery and Fund Misappropriation Case
Sep 26, 2025 09:18 pm CST
A Delhi court has denied anticipatory bail to self-styled godman Chaitanyananda Saraswati, who faces serious allegations of creating a fraudulent trust, misappropriating approximately Rs 50-55 lakhs, forging AICTE records, and operating multiple bank accounts under different identities. The accused allegedly diverted funds from Sri Sharada Institute for personal gain and faces additional charges of sexually harassing 17 female students at a private management institute.