banking fraud

New Delhi, April 9 The CBI has registered an FIR in the alleged embezzlement of ₹550 crore from the accounts of the Haryana government, maintained with IDFC First Bank in Chandigarh, after taking over the investigation, official sources said on Thursday.The Haryana government had transferred...

Chandigarh, April 8 The Haryana State Vigilance and Anti-Corruption Bureau arrested a bank official on Wednesday in connection with a discrepancy of Rs 150 crore in the accounts of the Panchkula Municipal Corporation at a local Kotak Mahindra Bank branch, an official said.Pushpender Singh, the...

New Delhi, April 6 Two cyber fraudsters have been arrested for allegedly defrauding a resident of east Delhi by posing as electricity officials, police said on Monday.According to the police, the complainant, Vinod Sharma, a resident of Mansarovar Park, received a call on March 8 from a person...

Thane, April 5 A family from Thane district in Maharashtra allegedly lost over Rs 1.66 crore to a man who exploited their fear of "black magic," promising them divine remedies through elaborate rituals and pilgrimages, police said on Sunday.The Kasarvadavali police district registered a first...

Indore, April 2 A case of fraud has been registered against seven customers from Indore who are associated with Bharat Petroleum Corporation Limited (BPCL), for allegedly misusing more than Rs 5.7 crore that was wrongly deposited in their digital wallets, police said on Thursday.Police are...

New Delhi, April 1 – The Central Bureau of Investigation registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and others on Wednesday, alleging that they caused wrongful loss of ₹3,750 crore to the Life Insurance Corporation (LIC) of India.The...

Mumbai, April 1 – In a concerning case of cyber fraud, a sitting judge of a city court in Mumbai was defrauded of ₹93,000 by cybercriminals who used a malicious customer care application to gain access to his banking details.The 46-year-old judge, stationed at the Small Causes Court, sought...

Kolkata, March 31 – The cybercrime division of the West Bengal Police arrested Kolkata-based industrialist Pawan Kumar Ruia on Tuesday in connection with a cyber scam involving Rs 600 crore.Ruia, the founder-chairman of the Ruia Group, who had previously earned the reputation of...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...