Latest news with #Boral
AU Financial Review
25-05-2025
- Business
- AU Financial Review
Billionaire Stokes family check out the up-for-sale Whyalla steel mill
The billionaire Stokes family's listed investment vehicle has taken an interest in the Whyalla steelworks, once owned by British industrialist Sanjeev Gupta and in the hands of administrators since the South Australian government moved in and seized control of the plant in February. That interest from SGH Limited, a $20.6 billion conglomerate which owns Boral and other big industrial plays, came in the form of a recent visit to the steel mill north-west of Adelaide by chief executive Ryan Stokes and chief financial officer Richard Richards.
Time of India
22-04-2025
- Time of India
Assam resident arrested in kolkata for digital fraud as police uncover major cyber crime network
Kolkata: Kolkata Police arrested two persons in two separate digital arrest fraud cases, where victims lost Rs 1 crore. In the first case, cops arrested an Assam resident for allegedly orchestrating a Rs 1.2 crore digital fraud scheme involving fake arrest threats, officials said Monday. The accused, identified as Bhaskar Boral, was presented before the Bankshall Court under transit remand. The court ordered police custody until April 24. The accused duped a 71-year-old resident of Ballygunge through digital arrest fraud, said a senior cyber cell officer. According to the public prosecutor, investigators uncovered evidence of Rs 39 lakh in fraudulent transactions from bank accounts linked to Boral. However, the masterminds are yet to be nabbed. The arrest followed leads obtained from a previously apprehended suspect in the case. "Initial investigations revealed an organised network behind these operations. The accused Boral was only the account holder and recipient. The main players have been identified but they are still at large. We will continue raids in Assam in this regard," said an officer, adding that searches are ongoing to identify other suspects. The cyber crime unit is currently investigating additional bank accounts potentially connected to the accused and the broader fraud network. The prosecutor strongly opposed bail, citing the possibility of evidence tampering and the ongoing investigation into the broader criminal network. Police investigations revealed a major cyber crime network operating from Assam's Morigaon and Kalaigaon districts, with authorities arresting 226 individuals involved in sophisticated loan fraud schemes. In the second case, Kolkata Police arrested a third suspect in connection with a digital arrest fraud case where a victim was defrauded of Rs. 1 Crore through multiple transactions. The latest arrest comes as part of an ongoing investigation into a scheme where criminals posed as Mumbai Police officials to extort money under the pretext of a money laundering investigation. Md. Jahinuddin, 34, was apprehended from the Khidirpore area on monday night, following the earlier arrests of Suraj Kumar Singh and Arman Akhtar Khan. The investigation revealed that Singh's bank account was used to facilitate the fraud, with Khan maintaining control over the account operations. During preliminary interrogation, Jahinuddin admitted to receiving cash from Khan after withdrawals from Singh's account. He further disclosed that he transferred the funds to an individual identified only as Subrata, who remains at large. Police officials reported that Subrata's mobile location is currently untraceable, and efforts are underway to locate him. The case came to light when the victim filed a complaint after being threatened by individuals claiming to be Mumbai Police officials. The perpetrators accused him of involvement in money laundering activities and subsequently extracted Rs. 1 Crore through three separate transactions. Jahinuddin was produced before the Assistant Chief Judicial Magistrate at Alipore Court, where the police requested custody for further investigation. The investigation continues as authorities work to uncover the full extent of the criminal network and recover the stolen funds. **BOX:** - Kolkata Police arrested Assam resident Bhaskar Boral for Rs 1.2 crore digital fraud scheme. - Key points about the case: - Victim: 71-year-old Ballygunge resident. - Evidence of Rs 39 lakh fraudulent transactions found. - Boral in police custody until April 24. - Main masterminds still at large. - Broader cyber crime network discovered in Assam: - 226 arrests made in Morigaon and Kalaigaon districts. - Investigation ongoing with: - Multiple state police forces involved. - Focus on SIM card distributors. MSID:: 120517725 413 |
