Tag Archives: fraud

KUWAIT CITY, March 25: The Misdemeanor Court acquitted a Kuwaiti citizen who was accused of conning a Kuwaiti woman by promising to marry her, and then taking KD 25,000 from her under the pretext of investing in a commercial venture. According to the case file, the plaintiff met the defendant …

Lawyer Hani Hussein acquitted KUWAIT CITY, March 14: The Court of Appeals cancelled the verdict issued by the Court of First Instance which sentenced an officer of rank “First Sergeant” from Ministry of Interior to ten-year imprisonment and dismissal from his job. The court instead imposed a fine of KD …

KUWAIT CITY, March 13: The Civil Circuit at the Court of Cassation ordered a company to pay KD 1.395 million in compensation to a Kuwaiti man who bought a real estate property and the deed of ownership was revoked. The case file indicated the plaintiff bought a property from a …

KUWAIT CITY, Feb 27: When a Kuwaiti who is believed to be in his 50s filed a complaint with the Bayan Police Station accusing two Europeans of African origin of selling him 13 imitation watches for KD 50,000, police investigations revealed the man was telling lies, reports Al-Anba daily. Police …

NEW DELHI/MUMBAI, Feb 20, (RTRS): Indian billionaire jeweller Nirav Modi, one of the prime accused in the country’s largest ever bank fraud, denies allegations levelled against him by Punjab National Bank (PNB), his lawyer said on Tuesday. “There is nothing, there is nothing in it,” Vijay Aggarwal, a lawyer representing …

NEW DELHI (AP) — India’s federal investigating agency says it has arrested six people in an alleged $1.8 billion bank fraud case. Abhished Dayal, a Central Bureau of Investigation spokesman, said Tuesday that five bank workers and an employee of billionaire jeweler and suspect Nirav Modi were arrested for allegedly …

MUMBAI, Feb 14, (AFP): India’s second-largest state-run bank said Wednesday it had detected fraud of almost $1.8 billion at one of its branches, sending its shares plunging more than nine percent. The Punjab National Bank (PNB), one of several state-owned lenders the government is trying to clean up, said transactions …

KUWAIT CITY, Jan 23: The Criminal Court presided over by Judge Saoud Al-Sane’a issued a verdict in a case of real estate fraud and money laundering filed against 19 employees of T-MAS Real Estate Company and a number of its affiliated companies. The court sentenced the first suspect to two-year …

KUWAIT CITY, Jan 1: The Court of Cassation ruled in favor of one of the subsidiaries of Kuwait Oil Tankers Company (KOTC) in recovering $31.5 million from the frozen accounts of the second defendant in the embezzlement case Hassan Qabazard, reports Aljarida daily. The Public Prosecutor’s Office had frozen the …

NEW DELHI, Nov 21, (AFP): Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after the collapse of a luxury housing project that she endorsed, police and a lawyer said Tuesday. The firm behind the development is alleged to have taken millions of …