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April 8 (Reuters) - Adani Green Energy on Wednesday said group chair Gautam Adani and his nephew Sagar Adani plan to seek dismissal of a civil suit stemming from an alleged bribery scheme filed by the U.S. Securities and Exchange Commission in a New York court by April 30. * The company said that the defendants have submitted apre-motion letter to the court indicating their intent to seekdismissal of the SEC's complaint and said they are willing toattend a pre-motion hearing, if scheduled. * T ...Read More >
New Delhi: Delhi Police crime branch has busted an online investment fraud syndicate involving over 2,567 complaints across the country and an estimated fraud exceeding Rs 300 crore, with the arrest of its alleged mastermind, who had links to Cambodia.The case originated from a complaint by a man who was duped of Rs 31.4 lakh after being lured through a social media group promising high investment returns. He was persuaded to download a trading application and transfer money into multiple bank a ...Read More >
Hyderabad: The cybercrime police of Malkajgiri Commissionerate detected six cases between March 29 and April 4 and made 13 arrests from Telangana and Andhra Pradesh as part of their crackdown on cybercrime networks. The police also refunded Rs 15,61,728 to the victims. The cases include five investment fraud cases and one digital arrest case. While 12 people were arrested for investment fraud, one person has been arrested in connection with the digital arrest case. All the accused are mule acc ...Read More >
Mumbai: Statistics provided by the Mumbai police have revealed that there has been a significant increase in registration of cyber-crime cases this year as compared to the cases registered last year. In the first two months 952 cyber-crime cases were registered in the city as compared to the 715 cases registered last year during the same period. Maximum cases registered this year were related to credit/debit card online fraud followed by share market investment fraud and online investment fraud. ...Read More >
Hyderabad: Cyberpolice arrested a fraudster, who duped a victim to the tune of ₹32 lakh, from his house in Mumbai. He was linked to a Chinese national, who is the kingpin of crypto fraud.According to cybercrime DCP V. Arvind Babu, Ansari Mohammed Umar Murad alias Umar had cheated several people in online trading. "We received a complaint from a person who fell victim to an investment fraud."The victim said he clicked on the advertisement that purportedly claimed to be of the Aditya Birla Group. ...Read More >
New Delhi: Probing an organised cybercrime network involving the use of over 20,000 illegally procured SIM cards, CBI conducted raids in Delhi, Noida and Chandigarh over the weekend and discovered a 'phishing factory' that was using SIM boxes -- devices that can hold hundreds of SIMs cards, disguise international calls and bypass telecom rules -- to dupe thousands of people.Three suspects -- Sonveer Singh, Maneesh Upreti and Himalaya -- have been arrested in connection with the case.TOI had repo ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) The Central Bureau of Investigation (CBI) has arrested three organised cyber gang members during raids in Delhi, Noida, and Chandigarh for supplying 21,000 SIM cards used for sending bulk messages for frauds like digital arrests, loan scams and investment offers, an official said on Monday. Sonveer Singh, Maneesh Upreti and Himalaya were arrested after the CBI detected that the gang was providing bulk SMS services to cyber criminals to send phishing messages. ...Read More >
New Delhi, Nov 10 (PTI) The Delhi Police has busted multiple cyber fraud syndicates operating across India, arresting four men involved in large-scale digital arrest and investment fraud rackets and unearthing a Rs 5 crore cryptocurrency trail linked to Dubai-based handlers, an official said on Monday. According to police, multi-state raids were conducted in Delhi, Haryana, Punjab and Uttarakhand, during which several mobile phones, SIM cards, laptops, debit and credit cards, cheque books and o ...Read More >
New Delhi: The crime branch has dismantled eight cyber crime modules and arrested 12 people from four states in a week-long operation. The accused had conned people of over Rs 2.6 crore in crimes such as digital arrests, romance scams and online investment frauds. Special CP (crime) Devesh Srivastava had tasked the cyber cell to trace the people behind a range of online scams recorded on the national cyber crime portal. A team comprising ACP Anil Sharma and others analysed money trails in variou ...Read More >
Celebrity hairstylist Jawed Habib and his son are facing 32 FIRs in Sambhal. They are accused of defrauding investors through a Bitcoin scheme. Investors reportedly lost between Rs 5-7 lakh each. Preliminary investigations suggest a fraud of Rs 5-7 crore. A lookout notice has been issued. Habib's lawyer cited his poor health for his inability to appear for questioning. As many as 32 FIRs have been registered against celebrity hair stylist Jawed Habib, his son Anos Habib and another person for a ...Read More >
Mysuru/Bengaluru: Hours after IT-BT minister Priyank Kharge Wednesday shared a video of a phone call in which an unidentified man, claiming affiliation with RSS, allegedly abused him in Hindi, home minister G Parameshwara said the govt has ordered an investigation. "We will find out who threatened the minister. We will identify the source," Parameshwara said. "A minister has the right to share his opinions. Threatening him for this is unacceptable. Action will be taken. Though tracking callers i ...Read More >
New Delhi [India], October 16 (ANI): The British High Commission in India on Wednesday said that the United Kingdom has announced joint action with the United States to make Southeast Asia safer from scams. According to the statement, masterminds behind industrial-scale scam centres in Southeast Asia have been targeted by sanctions in coordination with the US. The move aims to expose and disrupt the network's operations, effectively locking them out of the UK's financial system. The British Hi ...Read More >
A 63-year-old man in Hyderabad was allegedly cheated out of ₹43 lakh by cyber fraudsters who lured him into a fake online share trading scheme. The victim was initially contacted via WhatsApp by someone claiming to represent a private financial institution. The individual offered opportunities to invest in IPO allotments and participate in share trading, promising high returns. According to Hyderabad cybercrime officials, the fraudsters used convincing tactics to gain the victim's trust. They ...Read More >
Agartala (Tripura) [India], September 14 (ANI): In a major financial fraud, miscreants allegedly siphoned off Rs 16.48 crore from the Agartala Municipal Corporation (AMC) account maintained at the Kaman Choumuhani branch of UCO Bank. Following AMC's complaint, the West Agartala Police Station launched an investigation and arrested a bank cashier, identified as Ramayani Srimoyee, who was remanded to three days of police custody by the court. Dipak Majumder, Mayor of Agartala Municipal Corporati ...Read More >
New Delhi: The Cyber Cell of Delhi Police has busted an online investment fraud racket with the arrest of its key mastermind and associates, who allegedly defrauded unsuspecting investors of large sums through fake cryptocurrency schemes. Deputy Commissioner of Police (Cyber Cell) Aditya Gautam stated that the case came to light after a complaint from a 47-year-old stationery shop owner in Mahendru Enclave, who reported losing Rs 39.5 lakh after being lured with promises of high returns through ...Read More >
New Delhi, July 4: The ED arrested a foreign currency businessman and one of the masterminds in a Chinese App investment fraud case involving over Rs 903 crore and seized incriminating documents during searches at his five premises in Delhi, an official said on Friday. Rohit Vij, the mastermind in the conversion of proceeds of crime into forex, was arrested on June 30 for his links to a fake investment app named 'LOXAM', claiming to be related to a reputed French MNC Group of the same name. The ...Read More >
NEW DELHI: The ED arrested a foreign currency businessman and one of the masterminds in a Chinese App investment fraud case involving over Rs 903 crore and seized incriminating documents during searches at his five premises in Delhi, an official said on Friday. Rohit Vij, the mastermind in the conversion of proceeds of crime into forex, was arrested on June 30 for his links to a fake investment app named 'LOXAM', claiming to be related to a reputed French MNC Group of the same name. The busines ...Read More >
New Delhi, July 4 (SocialNews.XYZ) The ED arrested a foreign currency businessman and one of the masterminds in a Chinese App investment fraud case involving over Rs 903 crore and seized incriminating documents during searches at his five premises in Delhi, an official said on Friday. Rohit Vij, the mastermind in the conversion of proceeds of crime into forex, was arrested on June 30 for his links to a fake investment app named 'LOXAM', claiming to be related to a reputed French MNC Group of th ...Read More >
The Reserve Bank of India has advised banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Telecom to curb online fraudulent transactions. This system classifies mobile numbers based on fraud risk using data from various sources. Leading institutions are already using the platform, potentially saving millions from cyber fraud.The Reserve Bank of India has advised all banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Tel ...Read More >
Chennai/New Delhi, June 27 (UNI) The CBI conducted nation-wide raids at 42 locations in five states and arrested nine people in connection with Mule Bank Accounts being used in Cyber frauds. In continuation of its on-going efforts to combat Cyber Crime and Digital Arrest Scams, the CBI acting on specific information and after verification launched coordinated searches at 42 locations across five States--Rajasthan, Delhi, Haryana, Uttarakhand and Uttar Pradesh--as part of the Operation Chakra ...Read More >
The Central Bureau of Investigation has uncovered a massive cyber fraud operation. It involves 8.5 lakh mule accounts across India. These accounts are used to launder money from digital scams. The CBI conducted raids and arrested nine suspects. These include middlemen and bank officials. The investigation revealed lapses in KYC norms.The CBI has detected 8.50 lakh mule bank accounts in over 700 branches nationwide which are being used by cyber criminals to launder proceeds from scams involving d ...Read More >
Jaipur: Banks in Rajasthan and many other states are under scrutiny following a Central Bureau of Investigation (CBI) operation targeting mule bank accounts used to facilitate cyber fraud. As part of Operation Chakra-V, CBI carried out coordinated raids Thursday across 42 locations in five states -- Rajasthan, Delhi, Haryana, Uttarakhand, and Uttar Pradesh -- to dismantle a network of cybercriminals who exploited bank accounts for digital scams, investment fraud, UPI-based frauds, and impersonat ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) conducted nationwide searches at 42 locations in connection with alleged Mule Bank Accounts being used in cyber frauds, and arrested nine accused persons, the probe agency said on Thursday. According to CBI statement, acting on a specific tip off, the sleuths launched coordinated searches at 42 locations across five states - Rajasthan, Delhi, Haryana, Uttarakhand, and Uttar Pradesh, as part of Operation Chakra-V to deal with the menace of mul ...Read More >
Mumbai, Jun 8 (PTI) A consumer redressal commission here has said if meat-based food hurts a "strictly vegetarian" person's religious sentiments, why should the individual opt to order from a restaurant serving both veg and non-veg items. It seems reasonable that "a prudent person would be able to distinguish between veg and non-veg food before consuming," the District Consumer Disputes Redressal Commission, Mumbai Suburban (Additional) said in an order passed last month. The commission dismis ...Read More >
Mumbai, June 8: HDFC Bank has strongly denied allegations made by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) which called for the suspension and prosecution of bank's Managing Director and CEO, Sashidhar Jagdishan, in an alleged financial fraud, which the bank termed as "baseless and malicious". HDFC Bank said it has obtained "comprehensive legal advice and representation in this regard" and will defend its MD and CEO's reputation. "The allegations made by Lilavati Trust, its Trustees a ...Read More >
Mumbai, February 7: In a major move to enhance digital security and combat financial fraud, Reserve Bank of India (RBI) Governor Sanjay Malhotra unveiled an exclusive ".bank.in" internet domain for Indian banks while announcing the Monetary Policy on Friday. The initiative aims to help customers distinguish legitimate banking websites from fraudulent ones. "The Reserve Bank shall implement the bank.in exclusive Internet domain for Indian banks," Malhotra said. The RBI has set April 2025 as the ...Read More >
Mumbai: The Enforcement Directorate (ED) has submitted a chargesheet against CA and financial consultant Amber Dalal and associates for alleged investor fraud through Ritz Consultancy Services. The court acknowledged the chargesheet in the last week. The probe stems from an FIR filed by Oshiwara police last March, accusing Dalal of swindling Rs 564 crore from 2,000 investors through a ponzi arrangement via Ritz Consultancy Services. Dalal collected funds by offering monthly returns of 1.5% to 1 ...Read More >
NEW DELHI: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital ...Read More >
IFS officer Neeharika Singh, her husband, and associated companies face charges in an alleged investment fraud and money laundering case. The Enforcement Directorate (ED) filed a chargesheet revealing fraudulent schemes that swindled Rs 110 crore from investors. Assets worth over Rs 9 crore have been attached. The Enforcement Directorate on Wednesday announced that it has filed a chargesheet against Indian Foreign Service officer Neeharika Singh, her husband Ajit Kumar Gupta, and his companies ...Read More >
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