Mumbai: In a major corporate fraud case, a complaint has been registered against former CEO Vijay Agarwal and his associates Yogesh Bhura and Akshay Anjalia for allegedly conspiring to cheat Nibble Technologies Pvt. Ltd., a Powai-based tech firm, of approximately ₹19.66 crore through forged contracts and intellectual property theft.

According to the complaint, the accused, between November 2021 and August 2024, allegedly colluded with four companies — IQ Capital Holdings PTE. LTD. (Singapore), Dextra Lab PTE. LTD. (Singapore), Dextralab Solutions Pvt. Ltd. (Mumbai), and Dextralabs Innovation Pvt. Ltd. (Mumbai) — to execute fake and fabricated Master Service Agreements (MSAs) dated November 23, 2023. The agreements were allegedly signed by Yogesh Bhura, the authorized signatory of IQ Capital Holdings, and Vijay Agarwal.

The complaint further states that the trio misused company data, computer systems, source codes, products, and intellectual property to transfer ownership and profits illegally to the aforementioned entities. This was allegedly done with the intent to deceive Nibble Technologies and derive unlawful financial gains.

As a result, Nibble Technologies claims to have suffered losses amounting to ₹12.05 crore in product value, ₹4.77 crore in services, and ₹2.84 crore in revenue, totaling ₹19.66 crore.

Police sources confirmed that the accused took undue advantage of their positions of trust within the company and executed a criminal conspiracy to misappropriate proprietary assets and customer contracts. The alleged fraudulent acts included forging official correspondence and manipulating client relationships for personal benefit.

A case has been registered against Vijay Agarwal, Yogesh Bhura, Akshay Anjalia, and the four linked companies under relevant sections of the BNS related to cheating, criminal breach of trust, and forgery at Sakinaka Police Station. This case has been transferred to Economic Offence Wing (EOW ). The investigation is underway to trace the money trail and recover the misappropriated intellectual property, Said EOW Official.

Mumbai: In a major crackdown on fraudulent advertisements inside Mumbai’s suburban railway network, the Railway Protection Force (RPF) of Western Railway’s Mumbai Division intensified its campaign against fake ‘tantriks’ and ‘vashikaran babas,’ whose posters had been illegally plastered across local trains and platforms. On October 14, an accused and his two accomplice were arrested with more than 22,000 posters.

According to an official, posters, often promising supernatural fixes to personal, health, and financial issues, have not only misled commuters but also defaced railway property.

Following a spate of complaints received via social media and the Rail Madad portal, Senior Divisional Security Commissioner Santosh Kumar Singh Rathod formed a special enforcement team. The drive gained momentum under the leadership of Sub-Inspector Santosh Soni.

“On October 14, acting on a tip-off, Soni and his team apprehended Abdul Samad, son of Irshad Khan, red-handed while he was pasting such posters inside a stationary local train at Platform No. 2 of Andheri station. Over 600 posters were recovered from his possession at the scene” further added official.

During interrogation, Samad disclosed the whereabouts of the main culprits — a self-styled so called godman and his accomplice — who were later arrested from their hideout in Mira Road. A subsequent search led to the seizure of an additional 22,000 posters. All three individuals, along with the confiscated materials, were handed over to the RPF post at Andheri for further legal proceedings.

“This is part of an ongoing operation to cleanse the railway premises of illegal and misleading advertisements,” said an RPF official. “The actions are aimed at curbing fraudulent practices and improving the aesthetics and safety of local trains.”

In just the past month, RPF teams have nabbed 29 offenders caught red-handed while putting up such posters. A total of 49,100 posters have been seized during this period, and fines amounting to Rs 13,000 have been imposed by the court.

This drive follows a similar operation conducted in May 2025, during which 53 offenders were booked, and 37,400 posters were confiscated. That campaign led to penalties totaling Rs 26,500.

New Delhi, Oct 14: The Supreme Court on Tuesday stayed a decision of the Karnataka High Court that had nullified the election of Congress MLA K.Y. Nanjegowda from the Malur Assembly constituency in the 2023 polls.

However, a Bench of Justices Surya Kant and Joymala Bagchi did not interfere with the direction to the Election Commission of India (ECI) regarding recounting of votes but ordered the poll body to keep the revised results in a sealed cover.

“Issue notice. In the meantime, the operation of the impugned order of the Karnataka High Court, to the extent it set aside the election of the appellant (Nanjegowda), shall remain stayed. Resultantly, the appellant shall continue as the elected Member of the Legislative Assembly,” ordered the Justice Kant-led Bench.

However, the ECI is directed to comply with the directions to the extent of recounting of votes and submit the result in a sealed cover, and the recounting results shall not be disclosed without the permission of the Supreme Court, it added.

In an order passed on September 16, the Karnataka High Court had nullified Nanjegowda’s election but granted him 30-day timeline to file an appeal before the Supreme Court. If the apex court does not give any relief, the Congress legislator will lose his seat, clarified a bench of Justice R. Devdas, while pronouncing the verdict on a petition filed by the defeated BJP candidate K.S. Manjunath Gowda.

Manjunath Gowda has moved the Karnataka High Court, seeking a recount of votes polled in the Assembly elections, as the margin between him and Nanjegowda was just 248.

The BJP candidate had claimed that counting officials called him on the phone and said that he had won the elections. But later, it was announced that the Congress candidate had won by a margin of 248 votes. Hence, he had moved the Karnataka HC, seeking a recount of the votes polled.

The election petition was presented under Section 81 of the Representation of the People’s Act, 1951, and Rule 4 of the Karnataka Election Petition Rules.

Manjunath Gowda has prayed the Karnataka High Court to call for records, documents, videos, computers, including the one where the rejection order was drafted, and all further material and data regarding the election, including the Electronic Voting Machines (EVMs) and the postal ballots, the videography and computations relating to elections, and to hold them in custody.

The petition further demanded to set aside the election of Nanjegowda on the grounds mentioned under Section 100 (1) (d), (i), (ii), (iii) and (iv) as enumerated therein and to declare him as the elected candidate from the Malur constituency.