A 62-year-old Indian-origin man, now a US citizen, faces denaturalisation proceedings for allegedly defrauding investors of USD 2.5 million and concealing this from US authorities.
The Supreme Court has deferred the hearing on a PIL alleging large-scale banking fraud involving the Anil Dhirubhai Ambani Group and its firms to May 8.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
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.
A 32-year-old man has been arrested in Delhi for allegedly defrauding a resident of 2 lakh under the guise of selling a second-hand car online. The accused impersonated an employee of a reputable online car sale platform to gain the victim's trust.
Former Bangladesh cricket captain Shakib Al Hasan's ancestral home was attacked with petrol bombs and smashed windows after he participated in an online media interaction where ousted Prime Minister Sheikh Hasina vowed to return to Bangladesh despite facing a death sentence.
Actor and former TMC MP Nusrat Jahan appeared before the Enforcement Directorate (ED) in Kolkata in connection with a housing project fraud case. The ED is investigating allegations that a company collected money from buyers promising flats but failed to deliver. Jahan, previously a director of the company, denies all allegations.
Delhi Police have dismantled a cyber fraud operation that swindled a railway employee out of approximately Rs 60,000 under the guise of an online lottery. The investigation led to multiple arrests and uncovered a network using fake identities to open bank accounts for illicit transactions.
Police in Kerala have arrested a key suspect in a racket involving the supply of forged documents for organ donors and recipients. The accused, identified as Najeeb, was apprehended in Uttar Pradesh and is believed to have been planning to escape to Nepal. The investigation has uncovered a network involved in forging various official documents required for organ donation.
Delhi Police have arrested a man suspected of leading an organised ATM fraud gang involved in over 50 cases of cheating. The arrest has resolved at least five cases, with the accused linked to numerous incidents across Delhi.
Gurugram Police have arrested two former bank employees for allegedly fraudulently obtaining loans by accessing data of pre-approved accounts.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
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.
The Supreme Court has extended its order staying the arrest of Sumit Roy, personal assistant to Trinamool Congress MP Abhishek Banerjee, in connection with the Salboni land-grabbing case. The West Bengal government alleged Roy was not cooperating with the probe, while Roy's counsel argued he has a right to silence and the case is politically motivated. The court will review a sealed cover report from the police before further proceedings.
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.
The Hyderabad City Police are actively cautioning young women against the emerging "rent boyfriend" cyber scam, a deceptive online trap designed to defraud and blackmail victims through fake companionship offers.
The Enforcement Directorate conducted searches at multiple locations in a money laundering case linked to an alleged Rs 145 crore fraud involving fixed deposits of the Panchkula Municipal Corporation.
Delhi Police have arrested a man from Maharashtra for allegedly cheating a Delhi resident of Rs 9.25 lakh on the pretext of arranging a visa and overseas job.
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.
Meerut police have uncovered a Goods and Services Tax (GST) fraud involving crores of rupees, leading to the arrest of one individual. The investigation revealed a network of fake firms used to illegally claim input tax credits, causing significant losses to the government.
The biggest challenge to widespread deployment is no longer AI. It is the financial and commerce infrastructure that was built decades ago for deterministic software and human interactions -- not autonomous AI agents.
Delhi Police have arrested two individuals for allegedly defrauding a 25-year-old man of Rs 1.46 lakh through a fake online investment scheme. The accused lured the victim with promises of high returns for completing online tasks.
Karnataka Chief Minister D K Shivakumar met with AI major Anthropic to discuss a long-term partnership aimed at accelerating AI adoption across governance, education, healthcare, research, and the state's startup ecosystem. The collaboration focuses on deploying AI solutions responsibly, ensuring data privacy, and developing AI-focused skilling programmes and an AI University.
The Haryana government has suspended two IAS officers, Ram Kumar Singh and Pardeep Kumar, in connection with an ongoing investigation into a Rs 590-crore fraud case involving IDFC First Bank.
Gurugram police have arrested two individuals, including a director of an infra firm, for allegedly defrauding investors through fake real estate projects linked to Dhirendra Shastri's 'Aparna Ashram' in Silokhera village.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
Odisha Police have arrested a former banking correspondent for allegedly misappropriating around Rs 27 lakh of depositors' money in Jajpur district.
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.
Keeping KYC information accurate and current should, therefore, be seen not merely as meeting a regulatory requirement, but as an important part of safeguarding one's own financial identity and safety, explains RBI Deputy Governor J Swaminathan.
A Mumbai court has rejected a plea by a couple, former officials of New India Co-operative Bank, accused of a Rs 122-crore fraud, to appear via video conferencing from the UK, deeming their request as showing 'huge abysmal entitlement'. The couple cited a 'hostile environment' and 'threats to their lives' if they returned to India.
A nurse in Mumbai was allegedly cheated of 1 lakh after attempting to purchase a dress online for 299, police said.
Congress leader Rahul Gandhi has approached the Supreme Court to challenge an Allahabad High Court order that directed the CBI and ED to verify allegations of disproportionate assets against him. The Supreme Court is scheduled to hear the matter on August 17. The Allahabad High Court had expressed dissatisfaction with the CBI's progress and ordered a fresh affidavit, also allowing the ED to proceed if illegality was found during its inquiry. The case stems from a plea by a BJP worker alleging disproportionate assets and dual citizenship.
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
The Allahabad High Court has ruled that investigating agencies cannot impose a blanket debit freeze on a person's bank account during cybercrime investigations. The court stated that restraint must be proportionate to the suspected proceeds of crime, directing banks to de-freeze accounts beyond the disputed amount. This ruling aims to protect innocent account holders from complete financial deprivation due to minor disputed transactions.
Gianluca Rocchi steps aside amid a Serie A fraud probe, with VAR official Andrea Gervasoni also under investigation, raising fears of another Calciopoli-style crisis.
Gurugram police have arrested two individuals, including a director of an infra firm, for allegedly defrauding investors through fake real estate projects connected to Dhirendra Shastri's 'Aparna Ashram'.
Gujarat police have dismantled a Rs 77 crore cyber fraud operation with links to 375 cases nationwide, arresting 16 individuals and uncovering international connections.
A senior bank executive in Mumbai was defrauded of 97.78 lakh by cyber criminals through a fake share market investment scheme.
Odisha CID arrests a man from New Delhi for allegedly duping a Bhubaneswar resident of over Rs 2 crore in a cyber fraud case.
Police in Lucknow busted a gang that misused the Mudra loan scheme to create fake GST firms and commit input tax credit fraud worth approximately Rs 1.3 crore.
