SINGAPORE — Two Singaporean men were sentenced to prison after they unintentionally helped scammers launder nearly $20 million through their roles as nominee directors of shell companies. The funds came …
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shell companies
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By News Editor The Economic and Financial Crimes Commission (EFCC) has confirmed the detention of Abubakar Funtua, son of the late Isa Funtua, a former federal minister in Nigeria. Funtua …
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The Directorate of Enforcement (ED) has arrested four individuals in connection with a massive cyber investment scam worth over Rs 25 crore. The accused, identified as Shashi Kumar M (25), …
by Ananya Mehta -
Fake Financial Services Scams
Hitesh Shantilal Vasa Arrested in Rs 48 Crore Fake GST Input Tax Credit Scam
by Ananya MehtaIn a major crackdown on tax evasion, the anti-evasion team of the Thane Central Excise & CGST Commissionerate Mumbai Zone has uncovered a fake Input Tax Credit (ITC) racket involving …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
ED Arrests Four in Cyber Fraud Case Freezes ₹2.8 Crore in Shell Company
by Ananya MehtaThe Directorate of Enforcement (ED) has arrested four individuals in connection with a cyber fraud case involving the laundering of proceeds of crime (PoC) through shell companies. The arrested men—Tamilarasan …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
Uttar Pradesh Police Busts GST Fraud Syndicate Arrests Seven
by Ananya MehtaIn a significant breakthrough, the Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday. The group had been operating 48 shell companies to …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
GST Officer Babita Sharma & Lawyers Arrested in ₹718 Crore Fake Invoice Scam
by Ananya MehtaIn a major breakthrough, a massive Goods and Services Tax (GST) fraud involving a corrupt tax officer, three lawyers, and an intricate network of 500 shell companies has been uncovered …
by Ananya Mehta