Real Estate Scams
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Woman Fakes Wedding, Scams Relatives Of Rs 12.8 Crore In Property Scheme
A Chinese woman staged a wedding with a man, whom shedescribed as a rich real estate businessman to lure her relatives into cheap property deals. Forty-year-old Meng scammed at least five families of 12 million yuan, around Rs 12.8 Crores,
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"Such A Scam": Bengaluru Techie Shares Pic Of Water Leaking From ₹1.5 Crore Apartment
His photo highlights the stark contrast between the high cost of living in Bengaluru and the subpar quality of construction in some of its premium buildings.
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CBI Arrests Real Estate Firm Chairman In Yes Bank-DHFL Scam Case
The CBI today arrested Avinash Bhosale, chairman of Pune-based ABIL group that is into real estate, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said.
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Assam Assembly Uproar Over Alleged Scam Links To Chief Minister's Family
The first day of the Assam Assembly's winter session saw uproar - protests, adjournments and a walkout - over an alleged land grab scam involving a real estate company linked to Chief Minister Himanta Biswa Sarma's family.
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CBI Files Supplementary Charge Sheet Against Rose Valley Firm In Tripura
The CBI has filed a supplementary charge sheet against Rose Valley Real Estates and Construction Ltd, its chairman Gautam Kundu and others in connection with a ponzi scam allegedly perpetrated by it in Tripura, officials said on Friday.
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UP Police Arrests Man For Duping People Of Over Rs 200 Crore
A man accused of scamming hundreds of people into making huge investments in real estate sector through a slew of firms set up by him and duping them of over Rs 200 crore was arrested by the Special Task Force of Uttar Pradesh police on Monday, officials said.
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PMC Scam: Accused Father-Son To Be In Jail, Top Court Holds House Arrest
Promoters of the real estate firm HDIL at the centre of the massive PMC Bank scam will remain in a Mumbai jail for now. The Supreme Court on Thursday put on hold a high court order that allowed them to be placed under house arrest.
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78% PMC Bank Depositors Can Withdraw Entire Amount: Nirmala Sitharaman
In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...
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Father-Son Promoters In PMC Bank Storm In Enforcement Directorate Custody
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...
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Sell Our Assets To Pay Off PMC Bank's Dues, Wadhawans To RBI, Agencies
Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.
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How Father-Son Promoters Of Crisis-Hit HDIL Ended Up In Police Lock-Up
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...
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Accused Of Billion-Dollar Scam, Gurgaon Realtor Yet To Face Police Action
A Gurgaon-based real estate firm, IREO Group, has been accused of defrauding its investors of over a billion dollars - roughly Rs 10,000 crore - but not a single government agency has taken action.
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CBI Summons Lalu Yadav For Case That Ended Alliance With Nitish Kumar
Lalu Yadav has been asked to travel to Delhi on Monday for interrogation by officials from the country's premier investigating agency, who hold that the 69-year-old politician milked his earlier term as the country's Railways Minister to amass an enviable portfolio of real estate for his children.
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Maharashtra Housing Scam: Congress Protests Outside Prakash Mehta's Residence, Demands Resignation
The Congress staged a protest outside Prakash Mehta's residence in Mumbai, demanding the resignation of the Maharashtra Housing Minister, who is facing allegations violating norms in a slum redevelopment project in south Mumbai's Ghatkopar area.
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Nobody Will Take Less Than A Crore: Leaked Chat Costs Maharashtra Officer
The Indian Administrative Service (IAS) officer was removed after an audio clip said to be a phone conversation between him and a real estate agent was leaked and circulated.
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Woman Fakes Wedding, Scams Relatives Of Rs 12.8 Crore In Property Scheme
A Chinese woman staged a wedding with a man, whom shedescribed as a rich real estate businessman to lure her relatives into cheap property deals. Forty-year-old Meng scammed at least five families of 12 million yuan, around Rs 12.8 Crores,
-
"Such A Scam": Bengaluru Techie Shares Pic Of Water Leaking From ₹1.5 Crore Apartment
His photo highlights the stark contrast between the high cost of living in Bengaluru and the subpar quality of construction in some of its premium buildings.
-
CBI Arrests Real Estate Firm Chairman In Yes Bank-DHFL Scam Case
The CBI today arrested Avinash Bhosale, chairman of Pune-based ABIL group that is into real estate, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said.
-
Assam Assembly Uproar Over Alleged Scam Links To Chief Minister's Family
The first day of the Assam Assembly's winter session saw uproar - protests, adjournments and a walkout - over an alleged land grab scam involving a real estate company linked to Chief Minister Himanta Biswa Sarma's family.
-
CBI Files Supplementary Charge Sheet Against Rose Valley Firm In Tripura
The CBI has filed a supplementary charge sheet against Rose Valley Real Estates and Construction Ltd, its chairman Gautam Kundu and others in connection with a ponzi scam allegedly perpetrated by it in Tripura, officials said on Friday.
-
UP Police Arrests Man For Duping People Of Over Rs 200 Crore
A man accused of scamming hundreds of people into making huge investments in real estate sector through a slew of firms set up by him and duping them of over Rs 200 crore was arrested by the Special Task Force of Uttar Pradesh police on Monday, officials said.
-
PMC Scam: Accused Father-Son To Be In Jail, Top Court Holds House Arrest
Promoters of the real estate firm HDIL at the centre of the massive PMC Bank scam will remain in a Mumbai jail for now. The Supreme Court on Thursday put on hold a high court order that allowed them to be placed under house arrest.
-
78% PMC Bank Depositors Can Withdraw Entire Amount: Nirmala Sitharaman
In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...
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Father-Son Promoters In PMC Bank Storm In Enforcement Directorate Custody
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...
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Sell Our Assets To Pay Off PMC Bank's Dues, Wadhawans To RBI, Agencies
Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.
-
How Father-Son Promoters Of Crisis-Hit HDIL Ended Up In Police Lock-Up
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...
-
Accused Of Billion-Dollar Scam, Gurgaon Realtor Yet To Face Police Action
A Gurgaon-based real estate firm, IREO Group, has been accused of defrauding its investors of over a billion dollars - roughly Rs 10,000 crore - but not a single government agency has taken action.
-
CBI Summons Lalu Yadav For Case That Ended Alliance With Nitish Kumar
Lalu Yadav has been asked to travel to Delhi on Monday for interrogation by officials from the country's premier investigating agency, who hold that the 69-year-old politician milked his earlier term as the country's Railways Minister to amass an enviable portfolio of real estate for his children.
-
Maharashtra Housing Scam: Congress Protests Outside Prakash Mehta's Residence, Demands Resignation
The Congress staged a protest outside Prakash Mehta's residence in Mumbai, demanding the resignation of the Maharashtra Housing Minister, who is facing allegations violating norms in a slum redevelopment project in south Mumbai's Ghatkopar area.
-
Nobody Will Take Less Than A Crore: Leaked Chat Costs Maharashtra Officer
The Indian Administrative Service (IAS) officer was removed after an audio clip said to be a phone conversation between him and a real estate agent was leaked and circulated.
