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Fraud

Aug 24, 2016 at 12:35 | Source: Moneycontrol.com
Welspun India losses 42 percent market capitalisation in three days post allegations from Target. Other retail clients like JCPenny and Walmart also start their investigations in to the matter.
Aug 18, 2016 at 08:23 | Source: Reuters
In a court filing late on Tuesday in US District Court in San Francisco, the lawyers cited confidential documents turned over by the German automaker to plaintiffs attorneys in making the new allegations against the auto supplier.
Aug 15, 2016 at 10:50 | Source: PTI
As many as 21 banks had extended loan of Rs 5,262 crore to REI Agro Ltd, a basmati rice trading firm, and the RBI has sought a detailed clarification from these banks after the fraud was detected, sources said.
Aug 12, 2016 at 19:50 | Source: PTI
CBI today carried out searches at the office of Jaiprakash Associates in connection with alleged fraud in claiming insurance money from United India Insurance Corporation Limited with regards to Dul Hasti hydroelectric power plant in Kishtwar.
Aug 08, 2016 at 21:08 | Source: PTI
The Serious Fraud Investigation Office (SFIO) today told the Supreme Court that 23 states and Union territories have enacted special laws, the Protection of Interest of Depositors (in Financial Establishments) Act, to protect depositors and were empowered to take action against any scheme promising "abnormal return".
Aug 08, 2016 at 07:36 | Source: PTI
The authority said it opened the investigation in July and asked anyone with relevant information to come forward.
Aug 04, 2016 at 10:51 | Source: Moneycontrol.com
Fraud has the ability to impact all industries, irrespective of sector, size or location. According to a survey by the Association of Certified Fraud Examiners (ACFE), it is estimated that a typical organization loses 5 percent of revenues to fraud. The Indian environment is no different.
Aug 02, 2016 at 07:43 | Source: CNBC-TV18
The current Financial Officer of First Leasing Company Dilli Raj and former CFO L Sivaramakrishnan have been arrested by the Enforcement Directorate in a bank fraud case. Sources in the agency say they both have admitted to cooking up books of the company.
Jul 29, 2016 at 18:52 | Source: PTI
The Enforcement Directorate is expected to initiate a fresh action of attachment of assets against liquor baronVijay Mallyawho today skipped appearance before a PMLA court here in connection with a money laundering probe against him in an alleged bank loan fraud case.
Messages on Fraud »

morningstar

Platinum Member

5413 Followers

Dr Datson Labs  

Do not trust them,all frauds!!

5.33 PM Aug 27th

morningstar

Platinum Member

5413 Followers

Welspun India  

SCAPEGOATS WILL BE MADE FOR THIS FRAUD, FORCED TO RESIGN TO SAVE TOP BRASS FACES, EXPECT MORE!!

5.30 PM Aug 27th

dipu_1990

Platinum Member

578 Followers

Welspun India  

How do you say that Target`s decision is not supported by others? Unless they have proper proof, how can anyone accuse anybody of fraud? That too in a country like the US, where people sue one another just for fun! :) (apparently) Welspun is a big producer, and India is the leader in home

12.51 PM Aug 27th

s.balamurug
esan

Gold Member

37 Followers

Welspun India  

Target has just made an accusation. None of the other, bigger buyers have supported it. But WI is called a fraud by many. This is what I call misleading, half-baked info. When no one knows what is the truth, calling some information truth and then advising that truth is bitter, is not correct

12.35 PM Aug 27th

dipu_1990

Platinum Member

578 Followers

Welspun India  

is going to happen henceforth? No better source? And you are saying this within a week after the co has been accused of fraud regarding one of its export items! Contrary to what the co or media says, Welspun just makes textile products! All asian countries make them too, and many European and US cos too

12.20 PM Aug 27th

dipu_1990

Platinum Member

578 Followers

Welspun India  

The retailer, Target, has said that they have found the fraud after their investigations. Are we to question that? If Welspun feels that its a big hoax, they can drag Target to the US courts and sue them for billions!

10.50 AM Aug 27th

dipu_1990

Platinum Member

578 Followers

Welspun India  

2. One cannot export inferior quality goods to the US! And the people involved in this fraud won`t be so naive as to use inferior cotton which can easily be identified or the quality itself suffers. They succeeded for over 2 years! But premium / luxury items cannot have a shred of pilferage

10.41 AM Aug 27th

dipu_1990

Platinum Member

578 Followers

Welspun India  

1. No, 11 cos have this gold seal, 4 from India itself. [ http://t.in.com/42OH ]. And many more licensees, including Trident. But what is this Gold Seal, when a holder has been accused of fraud?

10.34 AM Aug 27th

dipu_1990

Platinum Member

578 Followers

Welspun India  

Warren Buffett advises buying stocks against whom allegations of fraud has been made, after thorough investigations? And against whom other big clients too have started investigations? This Warren B appears to be the biggest risk-taking investor!!! :)

10.28 AM Aug 27th

udays

Silver Member

38 Followers

Ricoh India  

CONVICTION AND PASSIONS PAYS. AGAIN I REPEAT " KISI SARIF K GAR CHORI HO TO SARIF JIMADAR KESE ? HOPE WORST IS OVER. BUT REMIND YOU THE JOURNEY HAS JUST STARTED. INVESTIGATION OF FRAUD TO CONTINUE BY NCLT. GOOD HAPPENING FOR ALL STAKEHOLDERS. Tribunal

10.30 PM Aug 26th

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