The Bombay high court has upheld a decision by the State Bank of India (SBI) to classify accounts of industrialist Anil Ambani and his company, Reliance Communications (RCom), as "fraudulent" noting that there was no legal flaw in it.
The average Indian fraudster isn't an outsider exploiting security loopholes. He's usually a man between 26 and 45 years of age, working in operations or procurement, with more than six years at the organisation.
Pune police invoke MCOCA against fugitive gangster Nilesh Ghaywal, wanted in multiple cases including murder and extortion. He is believed to be in London.
'By quick, fast, and just awards, the insurance ombudsman can bring the trust of the policyholders in the insurance system and insurance as a product and create a positive impact on the entire industry.'
White House Press Secretary Karoline Leavitt clarifies President Trump's stance on H-1B visas, emphasizing his priority for American workers while acknowledging the need for skilled foreign workers to train them in specialized industries.
The number of frauds in the banking sector increased over four times in the past five years to 36,075.
'Instead of the government and telecom operators solving the mess of their own creation, they're telling us we need to give access to our phones perpetually.'
The US government will fight lawsuits aimed at blocking the USD 100,000 fee imposed on new H-1B visa petitions, asserting that the system was spammed with fraud and must be overhauled to prioritise American workers.
The Supreme Court has restrained lower courts from releasing the accused in a digital arrest fraud case where a 72-year-old lawyer was duped of Rs 3.29 crore. The court expressed concern over the growing cybercrime and the targeting of elderly citizens.
The Supreme Court has agreed to hear a review petition filed by ISKCON India regarding the ownership of the Hare Krishna temple in Bengaluru, reopening a long-standing legal dispute with the Bengaluru faction of ISKCON.
United States President Donald Trump on Sunday raised tariffs on Canada by 10 per cent, over and above the already-imposed tariffs, due to the 'fraudulent' advertisement featuring former President Ronald Reagan that was broadcast during the MLB World Series.
The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear before it on November 17 in a FEMA case after he skipped his scheduled date on Friday.
Celebrity hair stylist Jawed Habib, his son, and an associate are facing 32 FIRs for allegedly defrauding investors with promises of high returns on Bitcoin investments through Follicle Global Company (FLC).
In FY24 alone, 1.34 million fraud cases were reported, amounting to losses of Rs 1,087 crore.
The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds.
This is the fourth such death reported in the state since the exercise began on November 4, sparking a political blame game.
The ED probed 30 cases between August 2024 and March 2025, during which it recovered 15,261 crore, mostly from cases related to bank frauds.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
An Indian Sikh woman who traveled to Pakistan as part of a pilgrimage has converted to Islam and married a Pakistani man she met online. Her disappearance is being investigated in India.
Can change happen? Not unless the changemakers themselves want it since they benefit the most from the status quo, warns Biswajit Dasgupta.
In its report, 'Asset Recovery Guidance and Best Practices', the global money laundering and terrorist financing watchdog, shared multiple examples from cases investigated by the ED, citing them as models of effective asset recovery practice and inter-agency coordination.
Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been arrested in the US based on extradition requests from the Enforcement Directorate and the CBI.
The accused, who duped the woman of Rs 6.60 lakh during the ordeal between September 5 and 8, continued to send messages even after her death on September 8.
The US President said that companies have to bring people to "get those plants opened, we want you to do that, and we want those people to teach our people how to make computer chips and how to make other things."
Heaps of burnt voter records were found near former Bharatiya Janata Party MLA Subhash Guttedar's residence in Kalaburagi district on Saturday as the SIT intensified its probe into alleged 'vote theft' in the Aland assembly segment during the 2023 assembly elections.
Citing Maharashtra Chief Minister Devendra Fadnavis, Nationalist Congress Party-Sharadchandra Pawar president Sharad Pawar on Saturday supported a probe into the controversial land deal allegedly linked to the company of his grandnephew Parth Pawar.
Pune police have arrested a Telangana-based electronics engineer for an alleged online fraud with a private university of Rs 2.46 crore.
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
An American lawmaker will be introducing a bill to "completely eliminate" the H-1B visa programme and take away the pathway to citizenship that it offers, "forcing" individuals to "return home" when their visa expires.
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead.
Debtor alleges evidence from OCI Ltd shows funds were "round-tripped" to Byju Raveendran despite his earlier sworn statements -- claims Byju's founders strongly reject.
The case pertains to a bank guarantee of Rs 68.2 crore submitted to the Solar Energy Corporation of India Limited (SECI) on behalf of Reliance NU BESS Limited, a subsidiary of Reliance Power, a listed company, which was found to be "fake".
A phone number and e-mail are often enough for a fraudster to trick a lender into pulling your report and disbursing a loan.
The Bharatiya Janata Party-led National Democratic Alliance appeared to register a landslide victory in Bihar, opening up impressive leads in more than 180 of the state's 243 assembly seats, with early trends also indicating that the saffron party was on track to post its biggest tally.
Across all sectors, the future of work depends on adaptability.
The Lucknow police have uncovered a cheating racket that mimicked the style of exam fraud seen in the first Munnabhai film, where real candidates were replaced by professional impersonators to sit for competitive exams.
The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.
What looked like a delivery update quickly turned into a WhatsApp hijack, Rishika Shah discovered to her horror.
Anandu Krishnan, a 26-year-old man, has been arrested for allegedly defrauding people of several crores by promising scooters, sewing machines, home appliances, and laptops at half price using fake CSR funds from major companies. The total fraud is estimated to be around Rs 600-700 crore. Krishnan was operating the scam since 2022 by registering societies and convincing people that he was the National Coordinator of the National NGO Federation and that he had been entrusted with managing the CSR funds of various companies. He collected money through 62 "seed societies" and used his political links to convince the victims. The police are investigating the role of certain political leaders in the fraud.
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