Tag: Fraud

A lady teacher who served the education department for 14 years on a fake appointment letter was dismissed by the district education officer Chiniot...

An accountability court on Saturday extended the judicial remand of Imtinan Saeed, Omeed Ayyaz Mehmood and Faisal Rasheed involved in embezzlement of Rs 140...

An accountability court indicted Transport Department officials for irregularities in the Lahore Mass Transit System (LMTS) project on Thursday. The court framed charges against...

A division bench of the Lahore High Court (LHC) on Tuesday adjourned until May 23 the hearing of a bail petition by former Bank...

Dozens of traders flocked to the police station to claim their money as renowned local industrialist was arrested for issuing fake bank cheques worth...

FIA police has arrested Karam Dad Bhatti, a close friend of former Bank of Punjab president Hamish Khan, for the alleged embezzlement of Rs...

Britain’s world heavyweight champion David Haye on Monday branded IBF and WBO champion Wladimir Klitschko a ‘fraud’ when the pair met to promote their...

NEW DELHI - Five senior Indian corporate executives accused in an alleged mobile phone licence sales fraud which may have cost the country up to $40 billion in lost revenue were arrested on Wednesday. The men were taken into custody after a special court hearing the case rejected their bail pleas, citing the "magnitude" of the corruption scandal -- potentially the biggest in independent India's history.
The five executives had been charged earlier this month with cheating,

LAHORE - The Federal Board of Revenue's (FBR) Directorate of Intelligence and Investigation, Lahore, has arrested two more accused in a recently unearthed huge tax fraud case of Rs 10 billion.
Sources from FBR disclosed that the directorate had arrested two accused, namely Abbad Muhammad Zuberi alias Shariq Zuberi and Muhammad Ejaz, involved in issuance of fake sales tax invoices for generating illegal input tax adjustment or refund. Both are residents of Dharmpura who were

MILAN - A defiant Italian Prime Minister Silvio Berlusconi emerged from court on Monday to launch a bitter attack on "leftist" magistrates who have accused him of offences ranging from tax fraud to paying for sex with a minor.
"I have spent a surreal morning," he told a cheering crowd of supporters gathered outside the Milan court where the latest in a related series of hearings was held on tax fraud charges related to his Mediaset broadcasting empire.
"The prime minister

LAHORE - An accountability court on Monday extended the judicial remand of Askari Bank Vice President and former Bank Alfalah manager Khawar Rasheed until April 19 for allegedly embezzling Rs 200 million.
The accused, while working as manager operations in 2006 at Bank Alfalah, Tufial Road, Lahore Cantt in connivance with Sajjad Khan, Misbah Shaukat and others made illegal withdrawals from various local and foreign currency bank accounts. Rasheed and Shaukat, being employees of

LAHORE - In pursuance of the FIR No. 04/2011 dated March 26, 2011, registered by the Directorate of FBR Intelligence and Investigation Lahore, in tax fraud amounting to Rs 10 billion, the directorate has arrested another two culprits, namely Muhammad Azam Qadri and Ikhlaq Ahmad, involved in issuance of fake sales tax invoices for generating illegal input tax adjustment/refund.
The court of Special Judge Customs, Taxation and Anti-Smuggling, Lahore, on April 1, 2011, on having

LAHORE - CyberSource, a Visa company (NYSE V), has announced availability of the world's largest real-time fraud detection radar, empowering online merchants to pinpoint fraud faster, accurately, and with less manual intervention.
This advance enables merchants to conduct more accurate analyses of their inbound orders, including comparison of those orders to over 60 billion transactions Visa and CyberSource process annually, including orders that were confirmed to be

LAHORE - An accountability court on Friday sentenced Astro Financial Information and Database Services (Pvt) Ltd CEO Muhammad Shahzad Anjum to 14 years in prison and fined him Rs 49.768 million in a fraud case. Anjum invited the investors to deposit money with him on the promise of returning their deposits with unprecedented profits after the expiry of a specified period. In this way, he embezzled Rs 49.768 million from 70 investors. EX-HAJ DIRECTOR'S REMAND EXTENDED: An

LAHORE - An accountability court on Wednesday handed over Javed Iqbal, partner of M/s Khalid Oil Mill, Vehari to the National Accountability Bureau (NAB) on physical remand until April 13.
The accused has been arrested on charges of bank loan fraud of Rs 4.691 million. Javed, along with Muhammad Shafi, took a loan worth Rs 5.5 million from MCB Bank, Vehari against pledged stock. Both of them misappropriated the pledged stock illegally without paying back the loan.

LAHORE - An accountability court on Monday extended the physical remand of seven people nominated in a case of fraudulent withdrawal of money from Punjab accountant general office until April 11. The seven people are Shaukat Ali, Muhammad Ali, Shoaib Sardar, Kashif Iqbal, Imran Shah, Sajawal Ashraf and Gulfam Rasool Khan. Among the accused, Muhammad Ahmad, Ghulam Rasool Khan, Muhammad Shakeel and Muhammad Waseem were illegally shown as sub-inspector, assistant sub-inspector and

MILAN - Italy's Prime Minister Silvio Berlusconi, his popularity plummeting as he faces a string of legal cases, appeared in court for the first time in eight years on Monday. Berlusconi, who faces charges in four separate trials in coming weeks including one for having sex with an underage prostitute, smiled and waved to supporters gathered outside the Milan tribunal as he left the building. Monday's hearing, over alleged fraud during the acquisition of television broadcasting