Sessions Court Rules in Favor of PNB, Halts Fraudulent Fund Transfer, ET LegalWorld
A city sessions court overturned a magistrate’s order to Punjab National Bank’s (PNB’s) Ernakulam branch in Kerala regarding the transfer of Rs 7.70 lakh from a cyber fraud account to Yamini Porval, a resident of Satellite area here. She was defrauded of Rs 26.96 lakh allegedly by cybercrooks. PNB contested the magistrate’s order as the […]
Court stays project of Anant Raj builders over fraudulent construction licence, ET LegalWorld
In a major setback for a realtor, a Gurugram court has stayed its 12-acre housing project in Gurugram’s Sector 65, citing that the developer and its three sister concerns got the construction licence by defrauding the licensing authority. The project of M/s Anant Raj Ltd, has come under scanner after around 26 to 27 land […]
Sebi warns investors against fraudulent activities by an unregistered entity, ET LegalWorld
The National Stock Exchange (NSE) on Thursday warned investors regarding fraudulent activities perpetrated by an entity, Lazard Asset Management India. The cautionary statement came after the exchange received a complaint against a WhatsApp group named “JO HAMBRO” luring investors with offers to buy shares at discounted prices after market hours. This group has allegedly collected […]