financial fraud

New Delhi, April 11 – The Delhi Police on Saturday busted a major cyber fraud syndicate operating from the national capital, involved in providing mule bank accounts used for siphoning off money through online scams and a gaming application. A total of 14 accused have been arrested in the...

Gurugram, April 10 Nuh police have arrested a cyber fraudster who cheated people by promising large sums of money in exchange for old coins, police said. They added that his network spans several states.According to the police, the accused has been identified as Mohammad Saad, a resident of...

New Delhi, April 10 – In a major crackdown on organized cybercrime, the Intelligence Fusion and Strategic Operations (IFSO) unit of the Delhi Police’s Special Cell has busted a key module of an international "SIM Box" fraud syndicate and arrested two accused from East Delhi, officials said on...

New Delhi, April 10 The CBI has filed a chargesheet against a man for allegedly defrauding a retired banker from Delhi's upscale Gulmohar Park of ₹23 crore in a digital scam, officials said on Friday.After taking over the investigation on March 15 at the order of the Supreme Court, the Central...

New Delhi, April 10 – The Central Bureau of Investigation (CBI) has filed a chargesheet against an accused based in Siliguri and a company incorporated by him, in connection with a major "digital fraud" cyber crime case involving the defrauding of a senior citizen in Delhi of nearly Rs 23 crore...

New Delhi, April 10 – In a major crackdown under its ongoing anti-cybercrime initiative 'Cyhawk 4.0,' the Delhi Police South District dismantled a fraudulent call center operating from Govindpuri and arrested 11 accused, including the masterminds behind the operation.The accused have been...

New Delhi, April 10 The Supreme Court on Friday confirmed its earlier order granting interim bail to journalist Mahesh Langa in a money laundering case linked to a matter involving alleged financial fraud filed by the Enforcement Directorate in Ahmedabad.The top court had granted Langa interim...

New Delhi, April 10 – The Cyber Police Station in Delhi's South-West district has busted a major network involved in fake loan app fraud under Operation Cyhawk 4.0, arresting two more accused and uncovering links to virtual numbers originating from Pakistan and Bangladesh, officials said on...

Mumbai, April 9 To mitigate financial fraud, the Reserve Bank of India (RBI) on Thursday proposed a delay in credit for authorized push payments and a control or kill switch for digital payments.It also proposed limiting the total amount of credits in an account to help counter the problem...

New Delhi, April 9 Two individuals have been arrested for allegedly defrauding a man of approximately Rs 7 lakh by falsely claiming high returns through a fake stock investment scheme operated via a social media app, police said on Thursday.The accused, identified as Shashikant Sharma and...

Faridabad, April 9 The Faridabad police said on Thursday that they had busted the operations of a fake call centre and arrested six people for allegedly defrauding people by offering a bonus on an insurance policy.The call centre was being operated from a rented accommodation in Tilak Nagar...

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...

New Delhi, April 9 The Delhi Police has arrested six people for their alleged involvement in a transnational cyber fraud syndicate that used fake loan applications and siphoned money through mule bank accounts, an official said on Thursday.The arrests were made after investigators traced a...

New Delhi, April 9 Four cyber fraudsters have been arrested for allegedly running a multi-city racket to defraud people by posing as travel agents offering discounted air tickets, an official said on Thursday.The police recovered Rs 47 lakh in cash and a Mercedes S-Class car, among other...

Gandhinagar, April 9 – The increasing reliance on proactive policing and advanced technology to combat cyber crime was emphasized during a high-level review of Gujarat's 'Cyber Centre of Excellence', chaired by the State Director General of Police (DGP), K.L.N. Rao, in Gandhinagar.The meeting...

New Delhi, April 9 The CBI is set to take over the case of embezzlement of ₹590 crore from the accounts of the Haryana government maintained with IDFC First Bank in Chandigarh, official sources said on Thursday.The Haryana government had decided last month to hand over the investigation to the...

Hyderabad, April 9 – Five people were arrested in the Sangareddy district of Telangana on Thursday for tying up an Anganwadi teacher to a tree over allegations of financial fraud by her husband, police said.The shocking incident took place in the village of Rasole in the Kangti mandal on...

Pune, Apr 9 A 75-year-old doctor from Pune was defrauded of ₹12.31 crore in an online stock trading scam, with fraudsters allegedly coercing him into making multiple investments, police have said.According to police, the senior citizen received a message from an unidentified number in the last...

Jaipur, April 9 – A major financial fraud has come to light in Ajmer after the Income Tax Department issued a notice to a roadside clothes presser over transactions exceeding ₹598 crore linked to diamond trading.The presser, Jitendra Kumar, who operates an ironing cart in the Ramnagar area...

Pune, April 8 A 75-year-old medical practitioner was defrauded of ₹12.31 crore in an online stock trading scam, with fraudsters allegedly coercing him into making multiple investments, police said on Wednesday.According to police, the victim received a message from an unidentified number in...