Delhi Police have arrested three men for allegedly operating a mule account syndicate that routed over 1.5 crore of cyber fraud proceeds through layered transactions.
The CBI has filed a chargesheet against a man accused of defrauding a retired banker of Rs 23 crore in a sophisticated digital arrest scam involving impersonation of law enforcement and judicial authorities.
Three officials from leading private banks have been arrested for their alleged involvement in a Rs 2,500-crore cyber fraud racket in Gujarat's Rajkot district, bringing the total number of arrests in the case to 20.
A Delhi court has remanded former senior executives of Reliance Anil Ambani Group (RAAG) to five days of ED custody in connection with an alleged bank loan fraud-linked money laundering case.
Delhi Police have arrested an immigration consultant accused of defrauding a woman of approximately Rs 1.83 crore by falsely promising Canadian immigration through a business investment programme.
Delhi Police have dismantled a cyber fraud syndicate with connections to foreign handlers, arresting three individuals, including a bank employee. The investigation revealed the use of mule accounts, social media platforms, and cryptocurrency for illicit transactions.
Hyderabad Police Commissioner V C Sajjanar has proposed a Joint Working Group with the RBI and banks to address the issue of mule bank accounts used in cyber fraud. The proposal follows 'Operation Octopus,' which exposed vulnerabilities in KYC verification. Sajjanar also recommended strict directives for banks to fix accountability and adopt advanced technology to detect suspicious transactions.
Three officials from leading private banks have been arrested for their alleged involvement in a Rs 2,500-crore cyber fraud in Gujarat's Rajkot district, bringing the total number of arrests in the case to 20, according to police reports.
Jharkhand CID arrests a man from Bihar for allegedly extorting over Rs 10 lakh from an elderly person through 'digital arrest'.
Delhi Police have dismantled an interstate cyber fraud syndicate involved in an online investment scam, arresting four individuals. The accused allegedly defrauded victims by promising high returns on online trading platforms and coercing them into depositing more money.
Delhi Police have dismantled a major international cyber fraud syndicate using illegal 'SIM Box' technology to defraud people through digital arrest scams and fake investment schemes. Two individuals have been arrested, and the investigation revealed links to handlers in Cambodia and other Southeast Asian countries.
A 69-year-old man in Mumbai was defrauded of 1.57 crore (157,000) in a 'digital arrest' cyber scam. The victim was tricked into transferring funds to accounts controlled by cyber criminals posing as police officers.
Delhi Police have arrested two men for allegedly running a cyber fraud racket involving over Rs 3.60 crore. The accused used mule bank accounts and a social media application to defraud victims. The investigation revealed links to an international cyber fraud network and training in Cambodia.
Delhi Police have dismantled an interstate cyber fraud racket that deceived individuals with false promises of overseas jobs and visa services, leading to the arrest of three suspects.
Gurugram Police have dismantled a nationwide cyber fraud network, arresting 10 individuals involved in scams that defrauded victims of Rs 40 crore.
Nuh Police have arrested three alleged cyber fraudsters involved in sextortion and online fraud through fake messages. Police also recovered fake SIM cards, mobile phones, and digital data related to cyber fraud from their possession.
The proposed solution is a one-hour delay for digital transactions exceeding Rs 10,000, particularly when the transfer is made to a new or unverified beneficiary. The idea is simple -- give users a window to reconsider, detect fraud or alert their bank before the funds are irretrievably transferred.
'It is a tradeoff between convenience and fraud prevention.'
An 82-year-old woman in Thane, Maharashtra, was allegedly defrauded of 73.3 lakh in a 'digital arrest' scam after fraudsters posing as law enforcement officials threatened to implicate her in a fake terror case.
The CBI has registered separate cases related to digital arrest fraud targeting a former professor and a retired gynaecologist from Gujarat, who were defrauded of a total of Rs 30 crore.
Three individuals, including a woman, have been arrested in Maharashtra's Beed district for allegedly defrauding a man of 23.42 lakh by threatening him with 'digital arrest'.
Kochi cyber police recovered over 1 crore stolen from an 81-year-old man through a 'digital arrest' online fraud. The police froze the funds in a bank account in Srinagar and returned the money to the victim.
Delhi Police have arrested six individuals linked to interstate cybercrime syndicates involved in digital arrest, fake IPO, and trading scams, recovering millions of rupees.
Two individuals from Hyderabad have been arrested in connection with a 'digital arrest' scam in Belagavi, where an 81-year-old businessman was defrauded of over Rs 15 crore.
OTP scams accounted for over one-fourth of all cyber frauds.
The Central Bureau of Investigation (CBI) conducted searches at multiple locations in Chandigarh and Panchkula in connection with a Haryana bank scam case and seized financial records and digital evidence linked to the alleged fraud.
The Indian government has extended the deadline for implementing SIM-binding rules for mobile messaging apps like WhatsApp and Telegram to December 31, following requests from the industry. The Department of Telecom has also relaxed the mandatory six-hour log-out rule for web versions of these apps.
Two co-founders of the cryptocurrency exchange platform CoinDCX have been arrested by Thane police in connection with an alleged fraud of Rs 71.6 lakh. The arrests follow an FIR filed against the founders for cheating, criminal breach of trust, and fraud.
The Jammu and Kashmir Police's Counter Intelligence Wing (CIK) has dismantled a sophisticated international cyber fraud racket, arresting seven individuals in Srinagar. The operation targeted victims in the USA, UK, and Canada, using advanced techniques to steal funds through deceptive online schemes.
Gujarat's Director General of Police, KLN Rao, has emphasised the importance of a proactive approach in combating cybercrime, focusing on technology, coordination, and public awareness.
Kochi city cyber police have recovered over 1 crore stolen from an 81-year-old man through a 'digital arrest' online fraud. The incident occurred in November when the man was defrauded of around 1.30 crore. Police intervention led to the recovery of 1.06 crore from a bank in Jammu and Kashmir.
The Reserve Bank of India (RBI) has introduced its 'Payments Vision 2028' document, outlining initiatives to enhance digital payment security, introduce electronic cheques, and expand regulatory oversight to include e-commerce entities.
Gurugram police have dismantled a cyber-fraud racket with links to the Philippines and Cambodia, arresting five individuals involved in the use and distribution of illegal SIM boxes.
Cyber intelligence firm CloudSEK reports that online fraudsters are using a new toolkit called 'Digital Lutera' to bypass security features of UPI apps and carry out fraudulent financial transactions.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in connection with an alleged fraud of Rs 71.6 lakh. The company claims the FIR is false and a conspiracy against them.
Mastercard recently launched an authentication product called Identity Check Express that enables customers to verify transactions on their own.
A 64-year-old man from Thane was allegedly defrauded of 1.56 crore by cybercriminals using a 'digital arrest' scam, involving forged documents and constant surveillance.
Kanpur police have uncovered a GST fraud racket where suspects used unsuspecting individuals' documents to create fake firms and route transactions worth nearly Rs 250 crore.
With the restart of economic activity, fraudsters have shifted their focus to target unsuspecting people from travel and leisure, communities (online forums) and logistics sectors, a report said.
Rajasthan Police have arrested a man allegedly involved in a large-scale fraud that collected crores in funds from people under the pretext of luxury car sales, cryptocurrency, and social media-based investment schemes.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances