LAHORE — Police have recovered gold worth over Rs150 million from a jeweller involved in a high-profile fraud case in Lahore’s Ichhra jewellery market, officials said on Monday. DIG Investigation Syed Zeeshan Reza told media that suspect Waseem Akhtar Sheikh, who was arrested in Islamabad a few weeks ago, had allegedly fled with the gold […]
fraud
Fortune teller and assistant charged in $70 million fraud
SYDNEY – A self-proclaimed fortune teller and her assistant have been charged with defrauding vulnerable clients of tens of millions of dollars in a sophisticated money-laundering and fraud operation. Police arrested the 53-year-old woman and her 25-year-old assistant at a home in Dover Heights on Wednesday morning following a targeted raid. The older woman, who […]
Information Crisis in AI Era Threatens Global Economy
Experts warn that the information crisis AI poses a serious threat to global economic stability and social welfare. Eleven leading economists, including two Nobel laureates, urge governments to protect independent, verifiable information. Public interest media is essential for well-functioning markets, exposing fraud, corruption, and misinformation. The panel highlighted that AI could worsen disinformation, allowing state […]
PTA to introduce live finger detector but why?
Pakistan Telecommunication Authority (PTA) is working on a live finger detector (LFD) device system to remove silicon thumbs and avoid the misuse of SIM card fraud, scam, and cybercrimes. According to the Interior Ministry, it has been told that criminals use different modus operandi to lure innocent people on social media networks and deposit their […]
Abraaj’s founder Arif Naqvi fined $135M by Dubai Regulator
A Dubai regulator has fined Abraaj Group’s founder Arif Naqvi $135.5 million, saying he deceived investors and misused funds. The Dubai Financial Services Authority DFSA said CEO Arif Naqvi was issued the financial penalty “for serious failings.” The regulator also said it was fining former Abraaj senior manager and one-time Chief Operating Officer Waqar Siddique […]
Mitsubishi says paid 25 million euro Dieselgate fine
Japanese automaker Mitsubishi Motors confirmed Monday it paid a 25 million euro fine issued by German prosecutors over emissions fraud allegations earlier this year. German authorities last year raided 10 sites as part of a probe into suspected diesel emissions cheating involving Mitsubishi cars, with prosecutors saying they had opened a fraud investigation. Mitsubishi Motors […]
Volkswagen says charged in France over ‘dieselgate’ scandal
German automaker Volkswagen said Wednesday that it has been charged by French prosecutors over alleged cheating on emissions testing, the latest consequence of the “dieselgate” scandal that has already cost the company billions of euros. In a statement a day after French rival Renault announced it had also been charged in the inquiry, VW denied […]
Mahatma Gandhi’s great granddaughter sentenced to 7 years in jail
Mahatma Gandhi’s great-granddaughter was sentenced to seven years in prison for fraud in South Africa. According to foreign media, 56-year-old Ashish Lata Ramgobin was sentenced by a court in South Africa. She was accused of forging 60 million rand. This amount becomes Rs. 32.5 million in Indian Rupees. Ramgobin, a self-employed mother of two, was […]
Germany probes Covid-19 testing centres for fraud
Prosecutors in several German regions have launched probes of companies offering free Covid-19 tests after news reports said that some were padding their numbers to claim more money from the government. Prosecutors raided a company in the northwestern city of Bochum on Friday, according to the Suddeutsche Zeitung newspaper, while farther north in Luebeck, prosecutors […]
Papa John’s largest UK Pakistani franchisee denies fraud
By Our Reporter LONDON: A multi-millionaire British Pakistani owner of the largest share of Papa John’s restaurants in the United Kingdom has denied allegations that he took more than £250,00 of taxpayers’ money cash by claiming fake Eat Out to Help Out meals during the 5-weeks-long British government scheme for the month of August-September. A […]