Fraud

Digital reduced friction and entry barriers for investment and credit, but increased the risk of virtual arrests and financial frauds: Panellists at Rising Bharat Summit 2026

Digital frauds have grown ten-fold in the last three years, even as India's digital journey successfully unlocks formal credit and investment access for millions

IDFC First Bank to implement new fraud controls to prevent unauthorised debits

Moves come after the the lender flagged a Rs 590 crore fraud in one of its branches in Chandigarh

Shares of IDFC First Bank, AU Small Finance Bank crash up to 15% after de-empanelment by Haryana govt

Share price crash comes after Haryana government de-empanels both IDFC First Bank and AU Small Finance Bank due to Rs 590-crore fraud at the former

De-empanelled by Haryana, AU Small Finance Bank opens probe, sends staff 'offduty'

The move comes after IDFC First Bank reported a Rs 590-crore fraud at its Chandigarh branch involving some Haryana government accounts

IDFC First Bank Rs 590-crore fraud: 'Even govt money is not safe in banks,' say netizens

While IDFC First Bank has pledged disciplinary, civil, and criminal action, the online backlash has highlighted a deeper erosion of public trust. Social media users also compared the incident with a recent Rs 60‑lakh gold loss at a Punjab National Bank locker, suggesting a pattern of failures across financial institutions.

'Name and shame': Delhi sneaker brand founder says employee used 100% discount codes to scam Rs 2 lakh

The co-founder of Delhi-based sneaker brand Gully Labs alleged that an employee scammed the company of Rs 2 lakh by creating and using 100% discount coupons within his first week of joining.

Indian-origin tech exec hired friend 'to do nothing' in US firm for Rs 90 LPA, got Rs 45 LPA in kickbacks

Karan Gupta, 47, worked as a senior director of data analytics at Optum, a subsidiary of UnitedHealth Group, one of the largest healthcare providers in the US. He was fired for an unrelated scam in 2019, but the fraud related to his 'unqualified' friend came to light during the company’s internal review.

PNB Housing Finance rebuilding corporate loan book, targeting 8-10% share, says CEO Ajai Shukla

The company’s NIM stands at around 3.63%, within the guided range. The strategy is to increase the share of affordable, emerging and construction finance businesses, which offer better yields and help sustain margins, Shukla tells Moneycontrol

Will your SBI YONO app be disabled if Aadhaar is not linked? Government fact-checks viral claim

Clicking on these unknown links or downloading files can install malicious software on your phone and give fraudsters access to sensitive data.

Real estate agent arrested for duping chartered accountant of Rs 29 lakh through fraudulent flat sale

Real estate agent Deepak Kirit Shah was arrested, co-accused Rajesh Jain and Aditya are absconding, said a police official.

How to check if a loan was taken in your name using PAN or Aadhaar

If your PAN or Aadhaar has been misused, speed matters more than perfect paperwork. Your first job is to find the loan on your credit record, and your second is to create a clean paper trail that forces the lender and the credit bureau to treat it as fraud.

Believe Music India officials, foreign publishing executives named in 'Ishqam' royalty fraud case

The FIR includes charges under various provisions of the Bharatiya Nyaya Sanhita and the Copyright Act, 1957, related to cheating, forgery of electronic records, and alleged diversion of royalties worth several crores of rupees.

US freezes childcare payments to Minnesota over fraud claims

President Donald Trump and his administration have focused on allegations of fraud in the state, in particular cases involving people of Somali origin, and accused Walz of mishandling government funding.

H-1B visa scam: Indian-origin US diplomat warns of widespread fraud, urges pause on new issuance

US diplomat Mahvash Siddiqui exposes widespread H-1B visa fraud in Chennai, urging a pause on new issuances, stricter vetting, and prioritisation of American STEM graduates to curb nepotism and fraud.

Digital payment safety tips for families: How to protect yourself from fraud in 2025

A practical look at how families can protect themselves as UPI becomes the default way to pay for everything from groceries to school fees.

Protect your pension: The growing fraud risks retirees must watch out for

A growing wave of financial scams is targeting retirees just as they receive their life savings—here’s how to protect yourself from losing everything.

SBI car loan fraud case: High-end BMW, Mercedes, Land Rover vehicles seized in raids

High-end vehicles including BMW, Volvo, Mercedes and Land Rover models were seized from multiple premises.

Shreyas Talpade, Alok Nath booked in fresh investment fraud case

Actors Shreyas Talpade and Alok Nath have been booked, along with 22 others, for allegedly misleading investors through the Loni Urban Multi-State Cooperative Society’s fraudulent investment scheme now under police investigation.

How criminals turned one-time passcodes into all-the-time spending power

Americans are being blitzed by bogus fee texts; investigators say China-based gangs use SIM farms, phishing sites and mobile wallets to turn stolen cards into iPhones, gift cards and cash.

Shilpa Shetty summoned by EOW after Rs 15 cr alleged transfer surfaces in Rs 60 crore alleged fraud case, actress called for questioning: Report

The Economic Offences Wing of Mumbai Police has expanded its Rs 60 crore fraud probe involving Raj Kundra and Shilpa Shetty, summoning the actress after tracing a suspicious Rs 15 crore transaction to her company.