banking fraud

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    Mumbai: Fraudster Gains Access via Electricity Bill Scam

    Mumbai, March 25 An 78-year-old woman in Mumbai lost over Rs 25 lakh online after a fraudster gained access to her mobile phone, claiming to be changing the name on her electricity bill as requested by her, police said on Wednesday.The victim lives in the Four Bungalows area in Andheri, a...
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    ₹73,000 Crore Fraud: SC Directs CBI, ED for Thorough, Time-Bound Probe

    New Delhi, March 23 The Supreme Court on Monday expressed concern over the apparent lack of urgency shown by the CBI and the ED in investigating the alleged large-scale banking fraud involving the Anil Dhirubhai Ambani Group and its firms, and directed them to conduct a "thorough, impartial, and...
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    Police Investigate Delhi Fraud: Woman Arrested for Rs 20,000

    New Delhi, March 15 A 40-year-old woman has been arrested for allegedly defrauding a Delhi resident of Rs 20,000 by pretending to arrange an easy loan through a social media platform, an official said on Sunday.The accused, identified as Satvinder Kaur, a resident of Tilak Nagar in west Delhi...
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    Delhi-NCR Homebuyers' Crisis: Court Orders CBI to Investigate Alleged Collusion

    New Delhi, March 11 The Supreme Court on Wednesday criticized the CBI for its investigation into the alleged "unholy nexus" between banks and developers to defraud homebuyers in Delhi-NCR and other parts of the country, stating that prolonging the investigation would only cause more distress to...
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    Enforcement Directorate Investigates Reliance Power Group

    New Delhi, March 6 The Enforcement Directorate conducted searches at multiple locations in Mumbai and Hyderabad on Friday as part of a money laundering investigation against Reliance Power Ltd., a group company of businessman Anil Ambani, officials said.About 10-12 locations linked to the...
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    IDFC First Bank Fraud: Punjab Targets Haryana's Response

    Chandigarh, March 2 Punjab Finance Minister Harpal Singh Cheema on Monday targeted the BJP government in Haryana over the Rs 590-crore IDFC First Bank fraud case, claiming that it has "completely failed" in adopting new technology, which is why people's money is being "looted" in the neighboring...
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    SC Orders Probe into ADAG Fraud; Ambani Agrees to Restrictions

    New Delhi, February 19 Reliance Group chairman Anil Ambani has filed an undertaking in the Supreme Court that he will not leave the country without prior permission and will fully cooperate with the investigating agencies' probe into the alleged Rs 40,000 crore banking and corporate fraud...
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    Bombay HC Hearing: Mallya Cites UK Court Orders, Extradition Ongoing

    Mumbai, February 18 – UK-based businessman Vijay Mallya informed the Bombay High Court on Wednesday that he is unable to specify when he will return to India. He cited restrictions imposed by courts in England that he said prevented him from leaving the country.The matter was heard by a bench...
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    Real-Time Fraud Protection: Airtel’s Latest Security Initiative

    New Delhi, February 11 Airtel on Wednesday launched Fraud Alert, an AI-powered solution aimed at providing real-time protection to customers against the rapidly growing menace of One-Time-Password (OTP)-related bank fraud.Fraudsters exploit the urgency often associated with OTPs for everyday...
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    Supreme Court Orders SIT Investigation into ADAG Corporate Allegations

    New Delhi, February 9 The Enforcement Directorate has constituted a special investigation team (SIT) to probe the alleged banking and corporate fraud worth Rs 40,000 crore involving the Anil Dhirubhai Ambani Group (ADAG) and linked entities, official sources said on Monday.The SIT is led by an...
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