The Andheri Police have booked a father–son real estate duo and their construction company for allegedly cheating 18 investors of Rs31.26 crore by promising high returns on a redevelopment project. …
Tag:
EOW investigation
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FinancialInvestment ScamsPonzi Scam
Thane Police Arrest 4 in Phoenix Investments Multi-Crore Ponzi Scam
by Ananya MehtaThe Economic Offences Wing (EOW) of Thane City Police has uncovered a multi-crore Ponzi and investment fraud that duped thousands of investors—mainly working-class individuals—out of their hard-earned money. The scam …
by Ananya Mehta -
The Economic Offences Wing (EOW) has uncovered a massive GST input tax credit (ITC) scam worth Rs 130 crore, expanding beyond Madhya Pradesh into Chhattisgarh and Maharashtra, officials confirmed on …
by Ananya Mehta -
The Hyderabad Economic Offences Wing (EOW) has uncovered a Rs4.8-crore loan fraud scheme at the Sanathnagar branch of State Bank of India (SBI), leading to the arrest of eight individuals …
by Ananya Mehta -
FinancialInvestment Scams
Mumbai Police Arrest 3 in Rs 1,000 Crore Ponzi Scheme by Platinum Hern Pvt Ltd
by Ananya MehtaOn Tuesday, Mumbai police arrested three senior officials from Platinum Hern Pvt Ltd, which is accused of running a massive Ponzi scheme under the brand name of Torres jewelry. The …
by Ananya Mehta -
Real estate scam
EOW Issues Lookout Notices for Swaminarayan Swamis in Rs 3.04 Crore Fraud
by Ananya MehtaNew developments have surfaced in the ongoing Rs3.04 crore fraud case involving the purchase of land for building a cowshed and a grand temple in Limb village, Aravalli’s Bayad taluka. …
by Ananya Mehta