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  • SBI cautions customers against 'Free Gift' online fraud Jun 19, 2021 11:10 AM IST

    SBI cautions customers against 'Free Gift' online fraud

    The bank suggested three tips to safeguard one's account before you click on any link. The bank never sends links to update KYC. Don't share your mobile number and confidential data with anyone.

  • 5 Ways you can safeguard your family business from fraud Jun 16, 2021 01:03 PM IST

    5 Ways you can safeguard your family business from fraud

    Adoption of robust governance controls are a must to prevent and mitigate frauds in private businesses.

  • India's scammers profit from COVID-19 misery Jun 04, 2021 01:02 PM IST

    India's scammers profit from COVID-19 misery

    From fake medicines to fire extinguishers disguised as oxygen cylinders and recycled personal protective equipment, India's coronavirus hell has been lucrative for its ever-inventive army of scammers, with sometimes deadly consequences.

  • Cases of digital frauds surge during pandemic; Mumbai, Delhi and Chennai top chart Jun 03, 2021 07:36 PM IST

    Cases of digital frauds surge during pandemic; Mumbai, Delhi and Chennai top chart

    The share of suspected fraudulent digital transaction attempts originating from India increased 28.32 percent over the 12 months ending March, 2021 compared with the previous 12 months, according to a report.

  • Frauds feast on personal data posted on social media for COVID supplies; cybercrimes to jump May 20, 2021 03:08 PM IST

    Frauds feast on personal data posted on social media for COVID supplies; cybercrimes to jump

    Criminals are mining personal data of people seeking help on social media. Many have been duped to pay advance money to cybercriminals and there are cases of women being forced to sleep with a man to get supplies. Cyber experts say criminals will keep misusing the data

  • SBI warns its customers to beware of online fixed deposits fraud Apr 12, 2021 12:02 PM IST

    SBI warns its customers to beware of online fixed deposits fraud

    SBI with the help of Twitter informed its customer about this new kind of cyber fraud where fraudsters are using victim's online FD account to siphon off money.

  • UK man ordered to pay $571 million penalties for duping customers of Bitcoin: Report Mar 27, 2021 11:09 AM IST

    UK man ordered to pay $571 million penalties for duping customers of Bitcoin: Report

    The catch however, is that US authorities do not know where Reynolds is and would find it difficult to recover the money.

  • Five-member gang engaged in fraudulent life insurance claims by killing people held in Telangana Mar 09, 2021 10:27 PM IST

    Five-member gang engaged in fraudulent life insurance claims by killing people held in Telangana

    The prime accused, who earlier worked in a finance firm, conspired with other accused and during 2013-2017 committed at least five offences.

  • DHFL auditor Grant Thornton finds another fraud of Rs 1,424 crore Mar 05, 2021 10:57 PM IST

    DHFL auditor Grant Thornton finds another fraud of Rs 1,424 crore

    The administrator of the company received an initial report from the transaction Auditor, indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing.

  • Sebi asks bourses, clearing corps to put in place mechanism to prevent fraud Mar 03, 2021 09:15 PM IST

    Sebi asks bourses, clearing corps to put in place mechanism to prevent fraud

    In a circular, Sebi said that code of conduct and institutional mechanism for prevention of fraud or market abuse will be applicable to market infrastructure institutions (MIIs) — exchanges, clearing corporations and depositories–on lines of insider trading norms.

  • GST officers arrest person for defrauding exchequer Rs 13.76 crore Mar 02, 2021 09:01 AM IST

    GST officers arrest person for defrauding exchequer Rs 13.76 crore

    Based on investigation, it appeared that PSR Metals was involved in using bazaar scrap to manufacture battery lead and was using the input tax credit of fresh batteries while clearing these new batteries without issuance of invoices.

  • RBI Kehta Hai: Watch Reserve Bank's innovative rap video warning against banking frauds Feb 19, 2021 11:06 AM IST

    RBI Kehta Hai: Watch Reserve Bank's innovative rap video warning against banking frauds

    As part of the Public Awareness initiative by the RBI, its Twitter and Facebook page called 'RBI says' usually puts out pictures and messages in multiple Indian languages.

  • GST officers arrest 4 in 3 different cases of ITC fraud of Rs 178 crore Feb 15, 2021 08:54 PM IST

    GST officers arrest 4 in 3 different cases of ITC fraud of Rs 178 crore

    In one case, four non-existent firms were created by the main perpetrators to pass on ITC of Rs 54 crore, primarily to 14 other firms.

  • Telcos to filter unregistered businesses, SMS templates to control spam messages: Report Jan 21, 2021 04:04 PM IST

    Telcos to filter unregistered businesses, SMS templates to control spam messages: Report

    Entities with unique header IDs on the telcos’ distributor ledger technology platform have time till January 31 to submit templates of all possible content they wish to send customers

  • CBI books Shakti Bhog Foods in Rs 3,269-Crore bank fraud case Jan 01, 2021 08:38 PM IST

    CBI books Shakti Bhog Foods in Rs 3,269-Crore bank fraud case

    The growth came to an abrupt halt in 2015 with the account turning into a Non-Performing Asset (NPA) and it was ultimately declared a fraud in 2019.

  • Rs 5.24 cr of Statue of Unity's ticket sale siphoned off, FIR lodged Dec 02, 2020 05:04 PM IST

    Rs 5.24 cr of Statue of Unity's ticket sale siphoned off, FIR lodged

    The money collected over one-and-a-half years by the Statue of Unity management was handed over to the a cash collection agency hired by a private bank in Vadodara. Some staffers of the agency allegedly did not deposit Rs 5,24,77,375 into the bank accounts of the Statue of Unity authorities.

  • Man arrested for Rs 100 crore fake GST invoice fraud Nov 30, 2020 09:59 AM IST

    Man arrested for Rs 100 crore fake GST invoice fraud

    He was arrested from a house in the Binnypet area on November 28 after a six-month long chase and is now in judicial custody,

  • GST officers arrest alleged mastermind for creating 115 fake firms to avail Rs 50 crore ITC Nov 27, 2020 08:57 AM IST

    GST officers arrest alleged mastermind for creating 115 fake firms to avail Rs 50 crore ITC

    As part of a nationwide drive against fake invoices, the Central GST Commissionerates and the Directorate General of GST Intelligence have so far arrested 59 people

  • CBI books Hyderabad-based Chadalavada Infratech, its MD for Rs 166 crore SBI fraud Oct 01, 2020 08:35 PM IST

    CBI books Hyderabad-based Chadalavada Infratech, its MD for Rs 166 crore SBI fraud

    From January 2011, the accounts of the company started becoming irregular and finally declared non performing assets on April 15, 2011, SBI has alleged in its complaint, which is now part of the CBI FIR.

  • Bogus vaccines. Fake testing sites. Virus frauds are flourishing Apr 20, 2020 06:43 PM IST

    Bogus vaccines. Fake testing sites. Virus frauds are flourishing

    By telephone, phishing emails, text messages or social media promotions, unscrupulous actors are using their warped creativity to separate people from their cash.

  • How fraudsters trick PF subscribers into transferring money to unknown accounts Feb 24, 2020 08:55 AM IST

    How fraudsters trick PF subscribers into transferring money to unknown accounts

    For any EPF-related claims, do it yourself on the EPFO website or seek guidance from the HR department of your organisation instead of relying on an unknown third person

  • Mumbai teen duped off Rs 5.45 lakh over fake listing of discounted gadgets: Report Feb 04, 2020 10:20 PM IST

    Mumbai teen duped off Rs 5.45 lakh over fake listing of discounted gadgets: Report

    After nabbing him, police learnt that the Kanpur youth has used the same modus operandi to dupe at least ten people in the past.

  • Nearly 6,900 cases of online banking frauds registered in 2017-18: Govt Feb 04, 2020 07:05 PM IST

    Nearly 6,900 cases of online banking frauds registered in 2017-18: Govt

    "As per data maintained by the National Crime Records Bureau, 3,466 and 3,353 cases of online frauds were registered in 2017 and 2018, respectively," he said replying to a written question.

  • Tribal labourer served Rs 2.59 lakh notice for deposits he claims he did not make Feb 04, 2020 11:01 AM IST

    Tribal labourer served Rs 2.59 lakh notice for deposits he claims he did not make

    The labourer said a local trader had taken copies of his Aadhaar card and voter ID, which may have been used to open and operate the bank account

  • AGB Shipyard’s Rs 14,000cr loan marked ‘fraud’ by ICICI Bank-led consortium Jan 24, 2020 12:12 PM IST

    AGB Shipyard’s Rs 14,000cr loan marked ‘fraud’ by ICICI Bank-led consortium

    Among the lenders, SBI was the first to classify the account as ‘fraud’, followed by ICICI Bank and then IDBI Bank.

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