Fraud

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.

Noida Police arrests man for 'creating fake GST invoices worth Rs 10 crore'

Accused Abhinav Tyagi, originally from Moradabad and currently residing in the Bisrakh area of Greater Noida, was nabbed by the Cyber Police, officials said.

Lost credit card? Steps to protect yourself from fraud in India

It's stressful to lose a credit card, but prompt, orderly action can avoid fraud, limit liability, and speed recovery.

Over 14,000 men receive Rs 21 crore in Ladki Bahin Scheme fraud in Maharashtra

A review by an official has shown that Rs 21.44 crore was given to 14,298 male recipients in ten months, CNN-News18 reported citing sources.

'Fraud' against NCR homebuyers: SC allows CBI to register 22 cases in builders-banks nexus

Advocate Jain had called Supertech Ltd the "main culprit" in defrauding homebuyers whereas Corporation Bank advanced more than Rs 2,700 crore to builders through subvention schemes.

Two Paytm Payments Bank employees arrested for allegedly releasing Rs 30 lakh from frozen accounts

The two employees allegedly used their access privileges to bypass restrictions on frozen accounts, allowing funds to be withdrawn unlawfully.

Impersonation fraud: One phone call could cost you your identity and your money—how to recognize it and protect yourself

Thieves posing as government agents or bank officials can steal your data and drain your account within minutes. Here's how to identify and avoid them.

Fraud, cheating, money laundering: A look at the key charges levelled by Dayanidhi Maran against Sun TV chairman Kalanithi Maran

The notice also alleges that the 2003 allotment of shares to Kalanithi Maran were done at face value of Rs 10 each although fair value of the said shares was anywhere between Rs 2,500 and Rs 3,000 at that time.

Antiques expert, who scammed billionaires, royal families of over Rs 44 crore, gets jailed

Known for his distinctive long hair and three-piece suits, the convict Bill Pallot has been described by magazine Vanity Fair as 'the world's leading expert on the works of 18th-century France'.

KiranaPro’s week of chaos: Code wiped, salaries delayed, and a founder’s reckoning

With a partial fund infusion, an app rebuild underway, and leadership changes on the table, KiranaPro is trying to steady the ship. Founder and CEO Deepak Ravindran said the company is focused on fixing internal lapses, completing salary dues, and restoring trust – both within the team and with users.

Debt Recovery Tribunal bars Gensol promoters from sale or transfer of assets

In an order issued on Wednesday, the tribunal has also asked the court appointed officer to take possession of mortgaged EVs of Blu Smart.

Gensol Engineering now under EoW lens as lender PFC files complaint

Power Finance Corporation Ltd (PFC) said it is exploring all possible options to recover an outstanding principal amount of Rs 307 crore from Gensol Engineering Ltd.

Medikabazaar removes former CEO Vivek Tiwari from board over financial misreporting and misappropriation

This is the second time that a Creaegis-backed startup has replaced its CEO in under two years. Prior to Medikabazaar, Third Wave Coffee had appointed a new chief executive.

Hair regrowth in just Rs 200: Hyderabad youth duped by Delhi man promising 8-day hair miracle

The ‘miracle’ solution was promoted at a salon located in Fateh Darwaza in Old City, which went viral after a video of the same was widely circulated on social media.

AI enhancing tax fraud detection in India, says Nandan Nilekani

Government has been employing AI to analyse vast data sets, detect anomalies, and flag potential cases of tax evasion. AI-driven systems have been used to scrutinise GST registrations and prevent fraudulent claims for input tax credits.

Explainer: The DICGC as a safety net in the New India Co-operative bank crisis

The DICGC acts as a crucial safeguard in this scenario, ensuring that depositors of the New India Co-operative Bank are not left entirely out of pocket

DoT launches Sanchar Saathi mobile app for fraud reporting

The Sanchar Saathi portal, introduced in May 2023, has already played a key role in tackling fraud calls and boosting mobile security. The new mobile app builds upon this framework, providing users with a secure platform to manage and protect their mobile connections.

Conman tricks French woman into believing she is dating Brad Pitt, dupes her of 800,000 euros

The man used smooth conversations to make the 53-year-old victim, identified as Anne, believe that she was in a relationship with the actor, according to the report

Bengaluru police arrest four from Gujarat for defrauding Rs 12.5 crore from CRED

The accused allegedly forged signatures and seals on Corporate Internet Banking (CIB) forms, facilitating the fraudulent transfer of Rs 12.51 crore to 17 different bank accounts.

Married woman hires actors to play herself, fake family; cheats blind date of Rs 56 lakh

Over the next year, the woman continued to solicit money, citing her mother's medical needs and family obligations, while denying the man's repeated requests for in-person meetings.

Myntra loses Rs 50 crore to scammers, 5,529 fraudulent orders were placed in Bengaluru: Report

Myntra Designs enforcement officer Sardar MS said that the fraud came to light during an audit. The Bengaluru Police said they suspect the involvement of a gang from Rajasthan.

Millionaire cancer patient uses Rs 81 lakh in donations to buy flat, busted after posting pics

The man launched his campaign to combat Hodgkin’s lymphoma, a rare and challenging form of cancer. He cited financial devastation caused by his late father's medical expenses and sought over a crore for his treatment.

Meesho acts against 2.2 crore suspicious transactions, lodges 12 cases in a year

Meesho's 'Trust Assurance Report' said that it's team has developed pioneering analytical models, sophisticated data science frameworks, and advanced computational logic, which has helped prevent 13 lakh bot orders and blocked 77 lakh scam attempts from accessing the company's platform.