Fraud reported by banks declined in 2024-2025 to 23,953 as compared to 36,060 in the previous year though the amount involved jumped to Rs 36,014 crore from Rs 12,230 crore.
Stage artist, actor, and director Sobi George was arrested in Kochi on Tuesday in connection with a cheque bounce case and faces additional allegations of fraud and cheating.
Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.
Punjab Cabinet Minister Sanjeev Arora has challenged his arrest by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), claiming it is illegal and unconstitutional. The Punjab and Haryana High Court heard arguments and adjourned the matter to May 14. Arora was arrested in connection with an alleged Rs 100-crore GST fraud-linked money laundering case.
It will enable real-time intel sharing among banks and other financial sector participants to strengthen customer protection against digital fraud.
Fexo, an AI intelligence platform focused on the BFSI sector, has launched its AI decisioning engine for business loans, designed to help financial institutions accelerate AI adoption and improve decision-making processes.
The Uttar Pradesh Special Task Force (STF) has busted an alleged racket involved in rigging Staff Selection Commission (SSC) online recruitment examinations using proxy servers and dummy candidates, arresting seven people from Greater Noida.
Haryana Chief Minister Nayab Singh Saini announced a CBI investigation into the Rs 590-crore IDFC First Bank fraud case, emphasising the government's zero-tolerance approach to wrongdoing. The State Vigilance and Anti-Corruption Bureau had previously investigated the case, arresting several individuals, including ex-IDFC First Bank employees. The alleged fraud involved the diversion of Haryana government funds intended for fixed deposits.
A man allegedly involved in an international network trafficking job seekers from Jharkhand to cyber scam operations in Myanmar has been arrested in Mumbai.
The CBI has arrested three individuals, including an IndusInd Bank assistant manager, in connection with a Rs 1.6 crore "digital arrest" scam. The arrests followed searches in Telangana and Andhra Pradesh.
LIC offices will remain open during normal working hours on Tuesday for customer convenience, following an advisory from Irdai. CoinDCX commits to invest in cybersecurity infrastructure, and PayNearby introduces UPI QR-based cash withdrawals.
A senior citizen in Navi Mumbai was allegedly swindled of 64 lakh over four years by cyber fraudsters posing as insurance regulators and grievance officials.
Card and Internet banking frauds formed 56.5% of all cases in FY25.
The Enforcement Directorate conducted searches at the residences of former Kerala chief minister Pinarayi Vijayan and his family members as part of its money laundering probe linked to the CMRL case involving his daughter.
Indian stock markets rallied in early trade after US President Donald Trump announced a halt to planned military strikes on Iran, citing requests from Gulf leaders and ongoing "very big discussions" that could lead to a deal. This de-escalation, coupled with foreign fund inflows and gains in IT and Adani group stocks, contributed to the positive market sentiment. Track Sensex and Nifty on May 19, 2026.
A Delhi and District Cricket Association director has alleged that valid ticket-holders are being denied access to IPL matches at the Arun Jaitley Stadium due to fraudulent duplicate tickets, a claim disputed by the DDCA's leadership.
Delhi Police have busted an interstate fake visa and overseas job racket that allegedly duped hundreds of job seekers. Three people have been arrested for luring victims with promises of high-paying jobs in countries such as Russia, Turkey, and Azerbaijan.
A BJP politician in Bhadohi, Uttar Pradesh, has filed a police complaint alleging he was defrauded of 50 lakh in a land deal. Police have registered a case and are investigating the matter.
The CBI has arrested Ubaid Ullah, a key conspirator in a cyber crime network, from Guwahati. He is accused of illegally procuring over 10,000 SIM cards for use in cyber crimes.
The Income Tax Department conducted searches at multiple locations in Kolkata, including the residence of TMC MLA Debashis Kumar and Miraj Shah, a proposer of Mamata Banerjee's candidature. The TMC alleges the raids are politically motivated.
Five individuals, including an electronic repair shop owner and a DJ operator, have been arrested for allegedly defrauding a 78-year-old Delhi resident of over Rs 2.19 crore through a sophisticated cyber fraud involving impersonation of law enforcement officials and a 'digital arrest'.
The headquarters of SOLIDEO, the public body responsible for delivering Olympic and Paralympic infrastructure, were also being searched amid a preliminary investigation dating back to 2022, following an audit by the French Anti-Corruption Agency, the PNF added.
The United States Trade Representative (USTR) has expressed concerns that India's Digital Personal Data Protection (DPDP) Act, particularly the lack of a deemed consent mechanism for credit information companies, and the Information Technology (IT) Rules of 2021, along with frequent internet shutdowns, could negatively impact the ability of US companies to operate and trade in India.
The Panchkula Municipal Corporation has reported discrepancies in its Fixed Deposit Receipts (FDRs) with a private bank, amounting to approximately 150 crore. The matter has been reported to the State Vigilance for further investigation.
Hamirpur Police arrested two individuals involved in a counterfeit currency racket after a shopkeeper was defrauded. The suspects, using fake Rs 200 notes to obtain genuine Rs 500 notes, were identified through CCTV footage and ITMS. Police recovered counterfeit notes and are investigating further.
A 20-year-old man was arrested for allegedly posing as an employee of a digital payment platform and duping shopkeepers in East Delhi by claiming to check defective sound boxes.
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.
A man and seven family members in Bhadohi, Uttar Pradesh, have been charged with violating the triple talaq ban and harassing his wife for dowry, following a complaint filed by the woman.
Uttarakhand GST officials conducted an elaborate undercover operation, creating fake firms to expose a company evading over Rs 150 crore in taxes.
The Supreme Court has appointed former Chief Justice of India Sanjiv Khanna as the sole mediator to resolve a dispute involving businessman Ashokbhai Haribhai Gajera and others in a case linked to textile market projects in Surat. The case involves allegations of siphoning off Rs 1,900 crore and forging documents.
According to the survey of around 2,100 business professionals, 56 per cent of the respondents think more financial statement frauds will be unearthed this year and in 2011 than the last three years combined.
Adani Group has agreed to pay USD 275 million to settle allegations of violating US sanctions on Iran. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) acknowledged the Indian conglomerate's extensive cooperation and proactive disclosures during the investigation.
Delhi Police have dismantled three multi-state cyber fraud networks involved in online investment scams, fake trading applications, and KYC fraud, leading to the arrest of three key individuals.
Chandigarh Police have launched an investigation into a fraud involving fake fixed deposit receipts (FDRs) worth 116.84 crore, allegedly issued by a private bank manager, impacting the Chandigarh municipal corporation's funds.
The Supreme Court has granted bail to filmmaker Vikram Bhatt and regularized the interim bail of his wife in a multi-crore rupees cheating case lodged in Rajasthan, involving allegations of misappropriated funds for a biopic project.
A Mumbai-based businessman was allegedly duped of Rs 3.25 crore by a nine-member inter-state gang promising high investment returns. The gang also allegedly assaulted and threatened the businessman. Police have registered a case and handed it over to the Mumbai Crime Branch for further investigation.
The Economic Offences Wing of Crime Branch in Kashmir conducted searches at multiple locations in Srinagar and Budgam districts concerning the alleged siphoning of government funds during the COVID-19 pandemic.
A court in Maharashtra's Nashik district on Monday fixed May 2 for giving its verdict on the anticipatory bail plea filed by TCS employee Nida Khan, an accused in a case related to alleged sexual harassment and forcible religious conversion at the IT firm's local unit.
A fraudulent website impersonating the Mangaluru city police was used to deceive individuals into online gambling schemes, prompting a police investigation and public warnings.
Each of the defendants was associated with the Micropower Career Institute, a for-profit school with five campuses in New York and New Jersey, or the Institute for Health Education, a for-profit school located in New Jersey. Suman Guha Mozumder reports.
