'More than 114 cases have been registered for spreading fake messages, rumours and fake news on WhatsApp.' 'People on various groups are reporting such crimes.' 'The most heartening development is people are now not tolerating such things.'
Sebi has been given direct powers to freeze bank accounts, attach properties, conduct search and seizure and initiate recovery proceedings.
'There has been a marked increase in four types of cases.' 'One is fraud related to online deliveries, online shopping and online groceries and liquor.' 'Second fake news, third hate speech and fourth sextortion.'
The Reserve Bank of India (RBI) said directions have been issued in the wake of a rise in the number of cheque-related fraud cases.
Indian companies lost around $53 million (about Rs 328 crore) due to phishing scams with the country facing over 3,750 attacks in July-September this year, making it the fourth most attacked nation globally.
Reserve Bank has almost finalised the structure of Central Fraud Registry.
Here are some pointers that should serve as red flags for you
A minor fire followed by smoke at the venue of Kerala Chief Minister Oommen Chandy's mass contact programme held here amid tight security gave tense moments to police and other officials on Friday.
Inoperative accounts are those accounts where contributions are not made for more than 36 months. The Employees Provident Fund Organisation has stopped crediting interest in these inoperative accounts.
Thousands of Left Democratic Front Opposition volunteers continued their siege of the secretariat in Thiruvananthapuram for the second day, demanding resignation of Chief Minister Oommen Chandy and a judicial probe into the solar scam.
The team management in London was told that Sardar should come to Leeds for questioning by the Yorkshire police.
As soon as you board a taxi, auto or bus, text the route and vehicle number to a close friend and a central data base -- may be a police control room.
The regulator is also exercising its new powers like collection of information from other regulators, government departments and even commercial enterprises such as telecom companies and banks.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
Advisors and agents known to you personally can also sell wrong policies.
Theft, bribery and corruption, and regulatory non-compliance are the top three frauds
Offenders will be tried under Prevention of Money Laundering Act
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
Without naming either the alleged kingpin of the fraud, billionaire jeweller Nirav Modi, or Punjab National Bank, Jaitley questioned the ethics of some businesses in the country and asked as to why the bank's internal and external auditors could not detect the fraud which had been going on for 7 long years.
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
Taut screenplay, simple dialogues, excellent characterisation, admirable performances and perfect execution make Mysskin's Pisaasu a must watch, says S Saraswathi.
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
Sinha, who is steering Sebi efforts to tackle the ponzi menace, said that in regions like West Bengal and North East -- where penetration of banking services is low -- have seen a larger number of people getting trapped in illegal money pooling schemes that promise high returns.
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
The billionaire jeweller, who has fled the country, in the letter also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.
Govt steps up security to check criminals seeking bank details of taxpayers
More than 60 individuals and entities, an overwhelming number of them Indians, were on Thursday charged by the Justice Department for allegedly participating in a multi-million dollar scam involving call centres based in India which conned thousands of American citizens.
'Embedded with the divisive regime, they administer heavy doses of the opium of religion and nationalism day in and day out,' observes Mohammad Sajjad.
The top three industries in India susceptible to economic crimes are financial services, manufacturing and professional services
Liquor baron Vijay Mallya's passport has been suspended.
A well-executed film with good performances, Sigaram Thodu is definitely worth watching.
The Reserve Bank could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial sector.
'Just as a wave brought the BJP into power; an anti wave will blow them away.'
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
The poor can't withdraw their money from their bank account and other Indians live in constant fear of their money getting stolen by unscrupulous hackers, says Syed Firdaus Ashraf.
Akayed Ullah had no criminal record back home, a police official said, even as Dhaka vowed "zero tolerance" against terrorism.
Beleaguered Kerala Chief Minister Oommen Chandy, who is under attack from the Communist Party of India - Marxist-led Left Democratic Front opposition ever since the solar scam broke out in June, has got a breather after the Front called off its two-day secretariat siege on Tuesday.
The Congress said arrogance of the BJP has touched its zenith as it turned 'blind' to farm distress.
The Kerala Assembly on Thursday witnessed uproarious scenes over the solar scam with the Communist Party of India-Marxist-led Left Democratic Front opposition and ruling United Democratic Front headed by Congress coming face-to-face, leading to the adjournment of the House for the day.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
