Two arrested in Saradha chit fund scam case

A man, who was in-charge of the scam-tainted Saradha Group chit fund company in North Bengal and Malda district, and his wife were arrested by police on a complaint that they siphoned off money taken from depositors.The police on Friday said Debashis Deb Sharma, 50, and his wife Manasi Deb Sharma were arrested on Thursday night based on a complaint lodged by Ashraful Sheikh at the Chanchal Police Station.

Liberty Reserve digital money service forced offline

Liberty Reserve - a Costa Rican-based digital currency service - has been shut down after the reported arrest of its founder.Authorities in the Central American country said Arthur Budovsky had been taken into custody in Spain on suspicion of money laundering, following an investigation which also involved the US.They added that police had raided several of Mr Budovsky's properties and seized his computer servers.The site went offline on Thursday.

Amway India's statement after arrest of CEO, two directors

 

“Mr William S Pinckney, MD and CEO of Amway India and two Directors, Mr Anshu Budhraja and Mr Sanjay Malhotra - who had on 3rd May 2013, been granted anticipatory bail by the Kerala High Court over a case filed at Kozhikode in 2012 - have been taken into custody by the Wayanad Police, Kerala for another case filed in 2011. We would like to clarify that with respect to the 2011 case, the company or its officials were not issued any summons to join the investigation nor was any information sought by the police.

Amway India Chairman William Pinckney, two directors arrested

KOZHIKODE: Network marketing firm Amway's India Chairman and CEO William S Pinckney and two company Directors were arrested here today on charges of financial irregularities.
The two directors are Sanjay Malhotra and Anshu Budhraja, crime branch sources said.
The arrests were made on a complaint of a woman who claimed to have incurred loss through the network and on the basis of three cases registered against the company last year in Wayanad district, they said.

Artha Tatwa group CMD Sethi arrested

Bhubaneswar : A special team of Commissionerate Police, which is probing the multi-crore fraud case lodged against the Artha Tatwa (AT) group, arrested the Chairman-cum-Managing Director (CMD) Pradeep Kumar Sethi from his farmhouse at Khurda Sunday night.

Many incriminating documents, cash and gold ornaments have been seized from his possession.