Mahender Makhijani, 44 Indian origin Financier accused of defrauding Western Union Bank of nearly $100 million. He allegedly forged title insurance policies to inflate the value of the property on which he promised to obtain a loan. He was also accused of hosting sex parties and using them to pressure attendees, the New York Post … Read more
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 legal permanent resident from India and lives in Corona del Mar, California. He was taken into custody on Wednesday and charged … Read more
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 5,100 crore in court.A bench of Justices JK Maheshwari and AS Chandurkar agreed to hear the plea of … Read more
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 Reliance Power Anil Ambani.According to PTI, around 10-12 premises related to the company and its executives are being searched … Read more