News for 'fraud'

Deliberate attempt to justify rigging: Oppn on BJP sweep prediction

Deliberate attempt to justify rigging: Oppn on BJP sweep prediction

Rediff.com2 Jun 2024

Asked how many seats INDIA bloc will get, Gandhi said, "Have you heard Sidhu Moose Wala's song '295'? So 295 (seats)."

Biggest bank frauds in the past 11 years

Biggest bank frauds in the past 11 years

Rediff.com12 Jun 2019

Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.

Got Excess Funds in Bank Accounts?

Got Excess Funds in Bank Accounts?

Rediff.com10 Jul 2024

Keeping surplus money in a bank account has become perilous, alerts Harsh Roongta.

Recruiters pack off 3 Karnataka youth to Wagner group to fight in Ukraine

Recruiters pack off 3 Karnataka youth to Wagner group to fight in Ukraine

Rediff.com22 Feb 2024

He urged the Central government to take this matter seriously and come to their rescue immediately.

SC dismisses Bilkis Bano's rapists plea against remission

SC dismisses Bilkis Bano's rapists plea against remission

Rediff.com19 Jul 2024

A bench of Justices Sanjiv Khanna and Sanjay Kumar termed the plea as "absolutely misconceived" and said how can it sit in appeal over an order passed by another bench of the apex court.

EVMs in India are 'black box', can't scrutinise, says Rahul, backs Musk's view

EVMs in India are 'black box', can't scrutinise, says Rahul, backs Musk's view

Rediff.com16 Jun 2024

The former Congress president also tagged a post by Tesla CEO Elon Musk in which he talked about eliminating EVMs.

1,000 Cases Of Violence Against Women Daily

1,000 Cases Of Violence Against Women Daily

Rediff.com18 Dec 2023

Cruelty by the husband (or his relatives) accounted for about 40 per cent of these cases. Delhi reported the highest number of cases of crimes against women (12,552) followed by Mumbai with over 5,000 cases.

Outcry over NEET grows louder; NTA credibility under scanner

Outcry over NEET grows louder; NTA credibility under scanner

Rediff.com20 Jun 2024

The cancellation of UGC-NET, amid the raging row over NEET, led to questions being raised over National Testing Agency's (NTA) capability to conduct exams of larger magnitude.

Can Your Bank Avoid Cyber Attacks?

Can Your Bank Avoid Cyber Attacks?

Rediff.com1 Dec 2023

The Union finance ministry will meet CEOs of public sector banks to discuss issues related to cybersecurity in the wake of the Rs 820 crore (Rs 8.2 billion) fraud that hit Kolkata-based UCO Bank last month.

'Kursi bachao', 'copycat': Opposition reacts to Union Budget 2024

'Kursi bachao', 'copycat': Opposition reacts to Union Budget 2024

Rediff.com23 Jul 2024

The Opposition on Tuesday termed the Union Budget as a 'kursi bachao budget' driven by political compulsions and claimed that it ignored opposition-ruled states in a bid to 'appease' Bharatiya Janata Party's allies.

Kamala Harris Is A Desi At Heart

Kamala Harris Is A Desi At Heart

Rediff.com23 Jul 2024

'I think of that young baby, still in her diapers, balancing with her arms held up by her mother, a Tamil woman wearing a salwar kameez and a dupatta, seated on a stoop,' recalls Aseem Chhabra.

Bank Liable For Employee Oversight

Bank Liable For Employee Oversight

Rediff.com5 Jan 2024

The Commission concluded that the bank officials had evidently been negligent in failing to compare the signature prior to making payment, notes Jehangir B Gai.

Tendulkar's name used to endorse online medical fraud

Tendulkar's name used to endorse online medical fraud

Rediff.com12 May 2023

As Tendulkar had never given permission to the company to use his name and photographs and it was leading to maligning of his image, he instructed his aide to take legal action, the complaint said.

Another Nirav Modi-style fraud at PNB; bank cheated of Rs 169 crore

Another Nirav Modi-style fraud at PNB; bank cheated of Rs 169 crore

Rediff.com23 Dec 2022

The CBI has registered an FIR against an officer of Punjab National Bank (PNB), now suspended, for allegedly cheating the state-run lender to the tune of Rs 168.59 crore through 34 fake bank guarantees, officials said Thursday. Nearly four years after LoU (letter of undertaking) scam allegedly perpetrated by uncle-nephew duo of Mehul Choksi and Nirav Modi bled the PNB to the tune of about Rs 13,000 crore, bank official Priya Ranjan Kumar followed similar modus operandi to issue 34 fake bank guarantees without making any entries in its core banking system Finacle, according to the CBI FIR. "As per the interim investigation report dated November 27, 2022, it emerges that the fraud has been perpetrated by the bank staff in collusion with some unknown persons through illegal and unauthorized usage of the bank's systems.

HC dismisses govt appeal accusing Reliance of 'fraud'

HC dismisses govt appeal accusing Reliance of 'fraud'

Rediff.com9 May 2023

The Delhi high court has rejected a government challenge to an arbitration panel award that had ruled in favour of Reliance Industries Ltd in a dispute over gas migration from fields operated by state-owned ONGC in the KG basin. The government had slapped a provisional penalty of $1.55 billion on Reliance for "unjust enrichment" from gas migrating from the ONGC-operated KG-D5 block to the private firm's adjoining KG-D6 area. It had sought $175 million in additional profit petroleum from Reliance and its UK partner BP Plc.

Donald Trump indicted for 4th time in election fraud case

Donald Trump indicted for 4th time in election fraud case

Rediff.com15 Aug 2023

The indictment says the alleged co-conspirators "knowingly and willfully joined a conspiracy to unlawfully change the outcome of the election in favour of Trump".

Blatter, Platini charged with fraud by Swiss authorities

Blatter, Platini charged with fraud by Swiss authorities

Rediff.com3 Nov 2021

Former FIFA president Sepp Blatter and ex-UEFA president Michel Platini have been charged with fraud over unlawfully arranging a payment of two million Swiss francs ($2.19 million).

21 Int'l bodies urge CJI for swift resolution of Adani coal imports case

21 Int'l bodies urge CJI for swift resolution of Adani coal imports case

Rediff.com24 May 2024

The letter comes after a report by the London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP), alluded to a "fraud" by the Adani Group by selling low-grade coal as high-value fuel in 2013.

Even if there is 0.001% negligence...: SC on NEET row

Even if there is 0.001% negligence...: SC on NEET row

Rediff.com18 Jun 2024

Observing that students have to labour hard while preparing for these examinations, the apex court said the litigation pertaining to the National Eligibility-cum-Entrance Test (Undergraduate)-2024 examination ought not be treated as adversarial.

Yes Bank fraud: Avantha Group promoter Gautam Thapar arrested

Yes Bank fraud: Avantha Group promoter Gautam Thapar arrested

Rediff.com4 Aug 2021

Thapar, 60, was arrested under the Prevention of Money Laundering Act (PMLA) on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai, they said. He is expected to be produced before a court on Wednesday where the ED will seek his custody, they added. The ED has been probing an alleged transaction between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under the PMLA by the agency.

How New Visa Rules Will Affect Students

How New Visa Rules Will Affect Students

Rediff.com1 Aug 2024

As the number of students seeking higher education abroad continues to rise, several countries are implementing new rules. Gaurav Batra, CEO and founder of Infinite Group highlights how these changes will impact Indians who are planning to study abroad.

'A Faulty EVM Can Be Manipulated'

'A Faulty EVM Can Be Manipulated'

Rediff.com25 Apr 2024

'The fraud is the electronic voting machine is being manipulated by humans, and not counting the votes that is shown on VVPAT.'

ED raids 26 locations in ABG Shipyard bank fraud case

ED raids 26 locations in ABG Shipyard bank fraud case

Rediff.com26 Apr 2022

As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act, they said.

'My husband slapped me'

'My husband slapped me'

Rediff.com26 Apr 2024

rediffGURU Kanchan Rai, founder, Let Us Talk, offers advice on how to navigate life's problems.

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Rediff.com16 Feb 2024

The syndicate used "stooge" bank accounts and shell companies to transfer the largest amount linked to a single case recorded in the city, the Customs and Excise Department of Hong Kong said.

CBI files 3 fresh FIRs against Mehul Choksi in Rs 6,700-cr PNB fraud case

CBI files 3 fresh FIRs against Mehul Choksi in Rs 6,700-cr PNB fraud case

Rediff.com17 Dec 2022

The diamantaire's counsel said there is a vigilance manual circular that the consortium can lodge only one FIR. Each consortium member cannot lodge separate FIRs, he said.

NEET: Cure The Disease Not The Symptoms

NEET: Cure The Disease Not The Symptoms

Rediff.com17 Jul 2024

'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.

SC stays HC order sacking Bengal govt teachers, staff

SC stays HC order sacking Bengal govt teachers, staff

Rediff.com7 May 2024

In a major relief to 25,753 teachers and non-teaching staff of West Bengal, the Supreme Court on Tuesday stayed the order of the Calcutta high court order invalidating their appointment made by the state's School Service Commission (SSC) in the state-run and state-aided schools.

Empty chairs on stage for Soren, Kejriwal at mega INDIA rally

Empty chairs on stage for Soren, Kejriwal at mega INDIA rally

Rediff.com21 Apr 2024

Two empty chairs -- one each for jailed Delhi Chief Minister Kejriwal former and former Jharkhand chief minister Hemant Soren -- were kept on stage as the Indian National Developmental Inclusive Alliance (INDIA) organised a mega rally in Ranchi on Ranchi.

SC seeks details on NEET paper leak

SC seeks details on NEET paper leak

Rediff.com8 Jul 2024

Observing that a re-test has to be ordered if sanctity of the National Eligibility-cum-Entrance Test-Undergraduate (NEET-UG) 2024 is 'lost', the Supreme Court on Monday sought information from the National Testing Agency and the Central Bureau of Investigation (CBI) about timing of question paper leak and duration between leak and actual test.

New twist to Hindenberg-Adani drama

New twist to Hindenberg-Adani drama

Rediff.com7 Jul 2024

US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.

How DoT Plans To Check Rising Spam

How DoT Plans To Check Rising Spam

Rediff.com15 May 2024

Launched in March, it triggers re-verification of suspected fraudulent numbers. Failing re-verification, the number will be disconnected.

Turbo Packs A Punch In Parts

Turbo Packs A Punch In Parts

Rediff.com24 May 2024

Turbo finds its footing in the latter half with some well-conceived one-upmanship between hero and villain, yet it's marred by poorly executed action set pieces in the climactic showdown.

Adani group mcap regains $200 bn-mark

Adani group mcap regains $200 bn-mark

Rediff.com22 May 2024

Adani Group's market capitalisation on Wednesday regained $200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company. With Rs 11,300 crore gain on Wednesday, the apples-to-airport conglomerate gained Rs 56,250 crore in market capitalisation in the last two trading sessions, stock exchange data showed.

What Is Form 26AS?

What Is Form 26AS?

Rediff.com31 May 2024

Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department.

Telecom ministry has a plan to combat tele frauds, pesky calls

Telecom ministry has a plan to combat tele frauds, pesky calls

Rediff.com15 Feb 2021

The telecom ministry will set up an intelligence unit and a consumer protection system as part of continuing efforts to tackle the menace of pesky calls as well as to take strict action against financial frauds perpetrated using telecom resources.

Medical inflation, high coverage drive up ticket sizes for retail health insurers

Medical inflation, high coverage drive up ticket sizes for retail health insurers

Rediff.com13 Mar 2024

The average ticket size of retail health insurance in India has increased by nearly 48 per cent over 6 years due to elevated medical inflation and increased demand for higher coverage policies among policyholders. According to data by online insurance broker PolicyBazaar, the average ticket size of retail health insurance in India has increased to Rs 26,533 so far in FY24, up 48.22 per cent from Rs 17,900 in FY19.

UPSC to go hi-tech with AI, facial recognition for cheat-free exams

UPSC to go hi-tech with AI, facial recognition for cheat-free exams

Rediff.com24 Jun 2024

The Commission has desired to incorporate Aadhaar-based fingerprint authentication (else digital fingerprint capturing) and facial recognition of candidates, scanning of QR Code of e-admit cards and monitoring through live AI-based CCTV video surveillance, it said.

Digital frauds continue to plague Mastercard

Digital frauds continue to plague Mastercard

Rediff.com8 Sep 2019

Mastercard recently launched an authentication product called Identity Check Express that enables customers to verify transactions on their own.

Himachal: Thousands lose over Rs 200 cr in crypto scam

Himachal: Thousands lose over Rs 200 cr in crypto scam

Rediff.com3 Oct 2023

Fraudsters in Himachal Pradesh minted a series of a cryptocoins -- two of which were KRO and DGT -- to cheat thousands of investors of more than Rs 200 crore over a period of five years, beginning in 2018 -- the year the crypto reached fever pitch.