Indian businessman arrested in California over $100 million bank fraud; threatened to ‘kill’ employees if they disobeyed
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June 10, 2026
Federal authorities have arrested Indian-born businessman Mahender Makhijani, accusing him of defrauding a bank of nearly $100 million through a scheme involving falsified real estate documents and misleading financial records.The 44-year-old man is a…
SC asks Sebi: Why delay the court’s decision to order closure of Sandesara fraud case?
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March 20, 2026
New Delhi: Supreme Court Opposition to Sebi not concluding proceedings against former directors of Sterling Biotech (SBL), Nitin and Chetan Sandesara despite Sebi directing quashing of all pending criminal cases related to bank fraud after paying Rs…
ED searches multiple websites related to Anil Ambani’s Reliance Power in bank fraud probe
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March 6, 2026
ED raided Anil Ambani’s company Reliance Power Ltd at multiple locations. New Delhi: law enforcement bureau Searches were conducted at various locations in Mumbai and Hyderabad on Friday as part of the probe involving businessman conglomerate…