Jury Finds Musk Liable In Twitter Fraud Case

By BPN News Desk March 21, 2026

International

A U.S. jury has found Elon Musk liable for misleading Twitter shareholders during his 2022 takeover battle, ruling that some of his public statements about the company and the acquisition process amounted to fraud. The verdict marks a major legal setback linked to Musk’s $44 billion purchase of

Business Finance

Vikram Wadhwa Arrested In IDFC Bank Fraud

By BPN News Desk March 15, 2026

Chandigarh Police have arrested businessman Vikram Wadhwa in connection with an alleged financial fraud linked to accounts maintained at IDFC First Bank’s Chandigarh branch. The arrest is part of an ongoing investigation into suspected diversion of funds through unauthorised banking transactions and shell entities. Vikram Wadhwa Arrested In IDFC First Bank Fraud Case

International

11 Indians Arrested In US U Visa Fraud Case

By BPN News Desk March 14, 2026

Eleven Indian nationals have been arrested in the United States after federal investigators alleged they took part in a visa fraud conspiracy involving staged armed robberies at businesses. Prosecutors said the scheme was designed to help participants falsely qualify for U visas, which are meant for victims of certain serious crimes who assist law enforcement. […]

Business Finance

ED Raids 19 Sites In ₹597 Crore IDFC Fraud

By BPN News Desk March 13, 2026

The Enforcement Directorate (ED) has conducted search operations at 19 locations across Chandigarh, Mohali, Panchkula, Gurugram and Bengaluru in connection with an alleged ₹597-crore fraud linked to IDFC First Bank. Authorities also froze more than 90 bank accounts suspected to be connected to the diversion of funds as investigators attempt to trace the money trail […]

Business

Supreme Court Issues Notice in Ambani Group Fraud PIL

By BPN News Desk January 23, 2026

The Supreme Court has issued notices to industrialist Anil Ambani and companies linked to the Anil Dhirubhai Ambani Group in a public interest litigation alleging large-scale banking and corporate fraud. The court granted a final opportunity to the concerned parties to appear and submit their responses. Directions to Agencies The court directed investigating agencies,

Law & Order National

ED Attaches ₹150 Crore London Property in Fraud Probe

By BPN News Desk January 1, 2026

The Enforcement Directorate (ED) has provisionally attached a high value residential property in London worth about ₹150 crore as part of an ongoing money laundering investigation. The property, located near Buckingham Palace, was attached under the provisions of the Prevention of Money Laundering Act (PMLA). The order was issued following evidence that the asset was […]

Business

CBI Files Case Against Jai Anmol Ambani In ₹228 Crore Fraud

By BPN News Desk December 9, 2025

The Central Bureau of Investigation has registered a criminal case against Jai Anmol Ambani, son of industrialist Anil Ambani, over an alleged ₹228 crore banking fraud. The case also names Reliance Home Finance Ltd and a former company director. The complaint was filed by Union Bank of India, which reported financial losses linked to credit […]

Law & Order National

Al-Falah University Probe Finds ₹415 Crore Fraud

By BPN News Desk November 20, 2025

The Enforcement Directorate (ED) has informed a Delhi court that Al-Falah University and its associated entities generated ₹415.10 crore through allegedly fraudulent practices. According to investigators, the institution collected fees by falsely claiming full recognition from the University Grants Commission (UGC) and accreditation from the National Assessment and

Law & Order National

Ex-Lodha Developers Director Arrested in ₹85 Crore Fraud

By BPN News Desk September 18, 2025

Rajendra Lodha, a former director of Lodha Developers Ltd, was arrested for allegedly committing fraud worth ₹85 crore, Mumbai Police said. He was taken into custody by the Crime Branch’s property cell from his residence in Worli after a case was registered at the NM Joshi Marg police station. Role and Resignation According to officials, […]

Business

CBI Raids Anil Ambani–Linked Sites in Fraud Case

By BPN News Desk August 23, 2025

The Central Bureau of Investigation (CBI) has filed a First Information Report (FIR) in connection with an alleged ₹2,000 crore bank fraud involving Reliance Communications (RCOM) and its former chairman, industrialist Anil Ambani. Following the FIR, the agency carried out raids at six premises in Mumbai linked to Ambani and the company. SBI’s Fraud Allegation […]