financial fraud

New Delhi, February 23 Shares of IDFC First Bank plunged by 20% on Monday after the private sector lender disclosed a fraud of Rs 590 crore committed by its employees and others in accounts held by the Haryana government.The stock plummeted 19.99% to Rs 66.85 – also its lower circuit limit –...

Mumbai, February 23 The fraud involving Haryana government accounts worth Rs 590 crore is the result of collusion between employees of IDFC Bank and external parties, its Managing Director and Chief Executive, V Vaidyanathan, said on Monday.In a specially convened call for investors and...

New Delhi, February 23 AU Small Finance Bank has denied any wrongdoing in the alleged fraudulent opening of accounts after Haryana de-empaneled it from undertaking any government business.The Haryana government has de-empaneled AU Small Finance Bank, along with IDFC First Bank, from...

Chandigarh, February 22 The Haryana government has de-empaneled IDFC First Bank and AU Small Finance Bank for government business with immediate effect, according to an official circular.No government funds will be parked, deposited, invested, or transacted through these institutions, it said...

New Delhi, February 22 – Prime Minister Narendra Modi cautioned citizens on Sunday against the rising incidents of digital fraud and "digital arrest" scams, urging people to remain vigilant and follow proper banking procedures to safeguard their savings.Speaking during his monthly radio...

Today, Prime Minister Narendra Modi expressed his pride that the India AI Impact Summit has marked a turning point in how the world will utilize AI in the future. Addressing the nation in his Mann Ki Baat program on Akashvani, the Prime Minister highlighted that leaders from many countries...

Thane, February 22 A 46-year-old mechanical engineer in Thane city, Maharashtra, has allegedly been cheated of ₹3.15 crore after being lured to invest in a fraudulent online trading platform, police said on Sunday.The complainant, a resident of the Kasarvadavali area, alleged that a person...

Mumbai, February 19 A 41-year-old immigration officer working at the Consulate General of Malaysia office in Mumbai has lost nearly 79 lakh rupees in a cryptocurrency investment scam, police said on Thursday.The victim approached the police authorities about one and a half years after the...

New Delhi, February 19 The Supreme Court on Thursday granted bail to filmmaker Vikram Bhatt in a multi-crore rupee fraud case filed in Rajasthan.A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi also regularized the interim bail granted earlier to Bhatt's...

EOW Kashmir arrested five HDFC Bank employees in connection with an alleged large-scale financial fraud at the Shopian branch. Searches are underway in Shopian and Budgam as Crime Branch J&K intensifies investigation following transfer of the case from local police.Srinagar, February 18: The...

Thane, February 18 A 30-year-old man from Thane has allegedly been cheated of nearly Rs 34 lakh by a "woman" he met on a matrimonial website, who lured him into investing in a fraudulent scheme, police said on Wednesday.In his complaint to the Kapurbawdi police station, the man said he came...

Thane, February 18 A 44-year-old man working in the private sector was allegedly cheated out of approximately Rs 64 lakh in a cryptocurrency investment scam, which was carried out through a fake platform, Thane Police said on Wednesday.The victim made multiple transactions, totaling Rs 63.90...

Srinagar, February 18 – The Crime Branch of the Jammu and Kashmir Police announced on Wednesday that it had apprehended five employees in connection with the HDFC Bank fraud case, following searches conducted in the Budgam and Shopian districts.The Economic Offences Wing (EOW) of the Crime...

Srinagar, February 18 Five employees of HDFC Bank have been arrested in connection with a large-scale financial fraud in the Shopian district of Jammu and Kashmir.The Economic Offences Wing (EOW) of the Crime Branch conducted searches in the Shopian and Budgam districts on Wednesday in...

New Delhi, February 17 A Delhi court has dismissed the bail plea of former Jaypee Infratech managing director Manoj Gaur in a money-laundering case, emphasizing that the allegation against the accused is one of cheating and criminal breach of trust, involving numerous individuals.The court...

Gandhidham, February 17 – The Cyber Crime Police in East Kutch have uncovered a network of organized mule accounts through which transactions exceeding Rs 182 crore were routed via 81 bank accounts allegedly used to facilitate cyber fraud across several states, officials said on Tuesday.Four...

New Delhi, February 16 The Supreme Court on Monday said the government must make vulnerable people aware, compensate them, and try to protect them who have lost their hard-earned money in cyber scams.A bench of Justices B V Nagarathna and Ujjal Bhuyan made the remarks while granting bail to...

Srinagar, February 16 Police have uncovered a multi-crore fake online investment racket and arrested eight persons, including the kingpin, in Ganderbal district of Jammu and Kashmir, officials said on Monday."The Jammu and Kashmir Police have successfully cracked a transnational, multi-crore...

JK Police busts Rs 209 crore online investment scam in Ganderbal; nine arrestedThe Jammu and Kashmir Police have busted a Rs 209 crore transnational online investment scam in Central Kashmir's Ganderbal district, arresting nine accused, including a Haryana-based MBBS doctor. Police identified...

New Delhi, February 15 Four individuals have been arrested for defrauding a Delhi resident of over Rs 45 lakh through fake stock trading and investment schemes, police said on Sunday.The accused operated an organized network across several states, including Punjab, Rajasthan, Uttar Pradesh...