While opening new accounts, banks can check if the name appears in any mule data. In case it does, the bank can conduct enhanced due diligence.
Read all account documents, ask questions, and conduct basic due diligence before agreeing to become a joint holder.
AI firm Pramaana Labs, with a significant Indian workforce, has successfully raised $27 million in seed funding led by Khosla Ventures. The company aims to use these funds to advance its unique technology that converts complex knowledge into machine-verifiable truth, addressing the accountability gap in AI across regulated sectors like tax, healthcare, and financial compliance.
An assistant treasury officer in Rajasthan's Dausa district died by suicide days after an FIR was filed against him in connection with the harassment and murder of a junior accountant. A suicide note recovered from his residence accuses a naib tehsildar and his brother-in-law of harassment.
Delhi Police have arrested two individuals from Haryana for their alleged involvement in facilitating cyber fraud through mule bank accounts. The arrests were made during an investigation into an online investment scam that defrauded a senior citizen of over Rs 1.69 lakh.
The SIF vertical, which allows MFs to offer complex products to relatively sophisticated investors, has managed to garner scale in just seven months of the launch of the first products.
India has strongly criticised Pakistan for its alleged brutality and human rights abuses in Pakistan-Occupied Kashmir (PoK), following reports of police violence against protesters. New Delhi has called on the international community to hold Pakistan accountable, while Pakistan's own human rights body has also expressed alarm over the situation.
India achieved a current account surplus of USD 7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26, primarily boosted by robust services exports and increased remittances from overseas Indians, according to recent Reserve Bank of India data.
The Cockroach Janta Party (CJP) alleges a crackdown, reporting hacking incidents and account takedowns across its social media platforms following a campaign against the Union Education Minister.
The Enforcement Directorate (ED) has arrested self-styled godman Ashok Kharat, accusing him of systematic extortion and money laundering through a network of bank accounts. Kharat allegedly rotated over Rs 47 crore of ill-gotten money through 60 bank accounts, deceiving devotees by claiming divine powers.
Former India doubles player Purav Raja has called for a complete clean-up of Indian tennis administration, emphasising the need for accountability and transparency at all levels. He also questioned the eligibility of some office-bearers in the 2024 elections.
Cockroach Janata Party, which according to Dipke had 201,000 followers on X, came about following a controversy over Chief Justice of India Surya Kant using "parasites" and "cockroaches" while pulling up a lawyer for his plea seeking senior designation.
Delhi Police's Economic Offences Wing has arrested two individuals, including a chartered accountant, in connection with a GST and VAT fraud involving the misuse of business credentials and dummy firms.
Two men, a farmer and an accountant, were murdered in separate incidents in Haryana. The farmer was ambushed and shot in Yamunanagar, while the accountant was killed in Ambala following a dispute.
The suicide of a NEET aspirant in Uttar Pradesh, allegedly due to the cancellation of the medical entrance exam, has triggered strong reactions from opposition leaders who are demanding accountability and compensation for the family.
A BJP leader in Nagpur has filed a police complaint after his WhatsApp account was hacked and used to solicit money from his contacts.
A 72-year-old chartered accountant was robbed, assaulted, and kidnapped from his home in Delhi. Police have arrested two suspects after a 36-hour chase.
A special court in Mumbai has ordered the defreezing of the bank accounts of actor Rhea Chakraborty and her brother, who were accused in a drugs case, citing the NCB's failure to follow procedural requirements under the NDPS Act.
A controversy has erupted in Latur, Maharashtra, over the accounting of donations collected for a religious event, with organisers alleging irregularities and filing a complaint with the police.
Comptroller and Auditor General of India K Sanjay Murthy highlighted the need for stronger accountability systems to support India's urban transformation and sustainable mobility push at the BRICS Supreme Audit Institutions Leaders' Summit in Bengaluru.
An accountant at a private cement plant in Uttar Pradesh was shot and injured by unidentified assailants. Police are investigating the attempted murder and the motive remains unknown.
Unidentified individuals stole a bag containing Rs 24.30 lakh from the parked car of an accountant in Khargone, Madhya Pradesh, while he was having tea.
Former Rajya Sabha MP Naresh Gujral was allegedly duped of Rs 7.8 crore after cyber fraudsters impersonated him on a messaging app and tricked his company's chief financial officer into transferring funds to multiple bank accounts, the police said on Thursday.
The Cockroach Janta Party (CJP) is continuing its protest at Jantar Mantar for the third day, demanding accountability for alleged examination irregularities and the May 3 NEET paper leak. CJP founder Abhijeet Dipke has called for the resignation of Union Education Minister Dharmendra Pradhan and compensation for affected families, with farmer unions expected to join the ongoing agitation.
India's net foreign direct investment (FDI) surged more than fourfold to $6.58 billion in April 2026, driven by a significant increase in equity inflows and reduced repatriation by foreign investors, according to the Reserve Bank of India (RBI).
The Cockroach Janta Party (CJP) founder Abhijeet Dipke has appealed to Prime Minister Narendra Modi to provide Rs 1 crore compensation to families of students who allegedly died by suicide amid examination controversies, while also demanding the sacking of Union Education Minister Dharmendra Pradhan.
The Indian government has amended the Foreign Contribution Regulation Act (FCRA) rules, introducing stricter regulations for NGOs receiving foreign funds. Key changes include mandatory selection of predefined purposes and areas of operation, restrictions on foreign nationals as key functionaries, and explicit exclusion of proselytisation from certain faith-based activities. The amendments also introduce minimum spending limits, enhanced financial accountability, and increased transparency requirements, including social media disclosure and ultimate donor identification.
Gujarat's Gir Somnath police have busted a massive cyber fraud racket involving over Rs 310 crore in suspicious transactions through mule bank accounts, arresting five individuals. This operation, part of the state-wide "Operation Mule Hunt 2.0," is considered the district's largest cybercrime case to date, aiming to recover victims' money and curb illegal account rentals.
The internecine war within the Trinamool Congress took a new turn on Thursday with "party treasurer" Aroop Biswas writing to a bank seeking restrictions on the operation of the party's accounts, citing uncertainty over its legitimate leadership amid rebellions by MLAs and MPs.
The Cockroach Janta Party (CJP), led by Abhijit Dipke, is staging a protest at Jantar Mantar, demanding the resignation of Union Education Minister Dharmendra Pradhan over alleged examination irregularities and repeated paper leaks. Dipke has stated he will not leave until their demands are met and has requested Delhi Police to extend permission for the ongoing demonstration.
The National Commission for Women (NCW) rejected apologies from stand-up comedians Pranit More, Madhur Virli, and audience member Himanshu Jangra regarding alleged objectionable and misogynistic content against women. The commission emphasised that freedom of speech does not justify normalising the violation of women's bodily autonomy or trivialising heinous crimes. The controversy stemmed from a viral video where Jangra's 'Rs 370 biryani' remark, implying expected intimacy for a date, drew widespread backlash.
Police in Budgam, Jammu and Kashmir, have registered a case against a man for allegedly operating a fake WhatsApp account in the name of the Senior Superintendent of Police (SSP) Budgam.
The Enforcement Directorate has uncovered a sophisticated organ trafficking racket in Kerala, operating under the guise of a medical tourism company. The network exploited financially distressed donors, forging documents and facilitating illegal transplant procedures at major hospitals, leading to arrests and freezing of assets.
A 52-year-old labourer, Santosh Kumar Gupta, has been arrested in New Delhi for allegedly facilitating an online investment fraud by lending his bank account to route Rs 5 lakh of defrauded money. He is suspected of acting as an India-based facilitator for an international cyber fraud network.
An accountant in Bokaro district, India, has been arrested for allegedly embezzling over Rs 6 crore from the treasury's salary disbursement account. Investigations are ongoing to determine the full extent of the fraud.
Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.
A 20-year-old hotel receptionist in Delhi has been arrested for allegedly stealing a guest's mobile phone and fraudulently transferring Rs 1.10 lakh from his bank account using IMPS transactions. Police have recovered the stolen phone and frozen a significant portion of the stolen amount.
Police in Meerut have arrested two individuals for allegedly running a fake Common Service Centre (CSC) to open fraudulent bank accounts using forged documents of unsuspecting, needy people. The accused used these accounts for online financial frauds, leading to the recovery of numerous fake IDs, bank cards, and other incriminating evidence.
Indian oil-marketing companies (OMCs) have incurred LPG underrecoveries of approximately Rs 22,000 crore between March and May 2026, as domestic cooking gas prices failed to keep pace with surging international rates exacerbated by the West Asia crisis, according to a Crisil report.
Tata Consultancy Services (TCS) will make an additional provision of USD 70 million in Q1 FY2027, bringing its total provision to USD 220 million, after the US Supreme Court declined to review a lower court ruling in a trade secrets dispute with Computer Sciences Corporation (now DXC Technology).
