On November 11, Lee Beng Yong, also known as Muhammad Zaki Lee, was sentenced to three years and nine months in prison for his involvement in a massive loan scam …
Tag:
loan fraud
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Fake Financial Services ScamsFinancial
₹4.8 Crore Loan Fraud Uncovered at SBI Sanathnagar 8 Arrested
by Ananya MehtaIn a major breakthrough, the Economic Offences Wing (EOW) of the Hyderabad police unearthed a massive Rs4.8-crore loan fraud scheme involving multiple associates at the Sanathnagar branch of the State …
by Ananya Mehta -
PATTAYA — A former Chinese bank executive, Mr. Wang, 49, has been arrested at a beach resort in Pattaya, Thailand, for allegedly orchestrating a $6 million loan fraud in China. …
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By Loraine Lee SINGAPORE — Nelson Loh Ne-Loon, the co-founder of Novena Global Healthcare Group (NGHG), has been sentenced to 15 years and nine months’ imprisonment after pleading guilty to …
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Zimbabwe Anti-Corruption Commission Arrests Two Senior Executives for Fraud Two senior officials from the Tobacco Industry and Marketing Board (TIMB), including its chairperson Patrick Devenish and CEO Meanwell Gudu, have …
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Fake Financial Services ScamsFinancial
Herman Nash Sentenced to 18 Months for Stealing $800,000 in COVID-19 Relief Funds
By WILLIAM MOORE Daily Journal OXFORD — A 63-year-old man from Caledonia, Herman Nash, has been sentenced to 18 months in federal prison after stealing $800,000 in COVID-19 pandemic relief …
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FinancialSocial Security and Pension Scams
Noida Police Bust Fraudulent Loan & Insurance Racket, 11 Arrested
by Ananya MehtaIn a major breakthrough, Noida Police apprehended 11 individuals involved in a widespread fraudulent loan and insurance policy renewal scam. The operation was uncovered at an office in Sharma Market, …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
Trio Arrested for Duping Businessman of ₹60 Lakh
by Ananya MehtaIn a significant crackdown on loan fraud, Nalgonda police arrested three individuals who defrauded a businessman of Rs60 lakh. The accused—Kandel Anupama, Kandel Veeramma, and Kandel Venkatamma—promised to lend the …
by Ananya Mehta -
The Directorate of Enforcement (ED) has arrested Ghaziabad-based realtor Rajeev Tyagi in connection with a Rs28 crore bank loan fraud case. He was presented before the special judge at the …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
Navi Mumbai Police Arrest Cyber Criminal Ashiq Ali in Fraud Case
by Ananya MehtaIn a significant breakthrough, Navi Mumbai Cyber Police have arrested Ashiq Ali, alias Arif (32), a key member of an inter-state gang of cyber criminals wanted by police in Chhattisgarh, …
by Ananya Mehta