The Bombay High Court has directed HDFC Bank to refund Rs 38 lakh to a Pune businessman who lost the amount in a digital fraud, citing the account holder's lack of fault and RBI guidelines on customer protection.
Kapil Chugh, accused of masterminding a Rs 1,825 crore GST refund fraud, has been arrested by DGGI officers upon his return from Dubai. He is alleged to have evaded investigation and is wanted in other economic criminal cases.
A nurse in Mumbai was allegedly cheated of 1 lakh after attempting to purchase a dress online for 299, police said.
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.
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.
The CBI has filed a chargesheet against Sequel Buildcon Private Limited for allegedly cheating homebuyers and siphoning off funds issued by PNB Housing Finance for a Noida-based project.
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 arrested two men in connection with separate cyber investment fraud cases involving over Rs 74 lakh. The accused were involved in luring victims into investing in fake stock trading and IPO platforms.
A 42-year-old man from Thane, Maharashtra, was allegedly defrauded of 71.1 lakh by cyber criminals posing as CBI officers who threatened to implicate him in a false case.
Customers will qualify for compensation even if they mistakenly share the OTP.
A nurse in Mumbai was allegedly cheated of 1 lakh after attempting to purchase a dress online for 299, highlighting the risks of online shopping scams.
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.
The National Consumer Disputes Redressal Commission dismissed a flat buyer's plea for a refund from a builder facing liquidation, highlighting the challenges faced by consumers in stalled real estate projects.
A retired school teacher in Kanpur was allegedly defrauded of Rs 1.57 crore (approximately 150,000) in a sophisticated cyber scam involving impersonations of Mark Zuckerberg and associates of Elon Musk.
A man was arrested in Gujarat after being on the run for 10 months in connection with a job fraud case in Mumbai. The accused allegedly defrauded a retired railway officer of Rs 17 lakh by promising his son a job in ONGC.
A special PMLA court in Gurugram has remanded Punjab Industries Minister Sanjeev Arora in Enforcement Directorate's custody for a week in an alleged Rs 100-crore GST fraud-linked money laundering case.
Uttarakhand Police rescued a group of Char Dham tourists after they were allegedly harassed and physically assaulted by their travel guide near a food joint in Pauri Garhwal. The Delhi-based group had booked their pilgrimage through an online agency and faced issues with the guide's behaviour throughout their journey.
A man has been arrested in Noida for allegedly defrauding people of approximately Rs 12 lakh by offering fake tour and travel packages through social media platforms.
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.
The Enforcement Directorate has restored assets worth over 15,000 crore to a Supreme Court-appointed committee for distribution to investors defrauded in the PACL (Pearls Group) Ponzi scheme.
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 young men in Mumbai were defrauded of 23.43 lakh after being promised jobs in the Brihanmumbai Municipal Corporation (BMC). The accused, posing as a BMC employee, assured them of supervisor positions in the water department in exchange for money, providing fake joining letters and identity cards.
Cyber fraudsters have duped Delhi residents of nearly Rs 1,000 crore so far this year, with investment scams, digital arrests and boss scams emerging as the most common cybercrimes.
An Indian national from Gurgaon has been sentenced to three years in federal imprisonment on charges of call centre fraud that intended to cheat Americans of millions of dollars, a US attorney said.
Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.
Link your UPI app to a separate bank account or wallet that has only a limited sum.
The Enforcement Directorate (ED) has earmarked assets worth about Rs 15,000 crore that will be restored to victims of real estate, Ponzi and other frauds across India during the current financial year. The agency has been "aggressively" initiating this provision for restitution since last year to ensure rightful claimants duped by financial crime get their dues. The ED has already restored Rs 31,951 crore worth of assets under this provision, including Rs 15,201.65 crore from 2019-21 in cases related to Vijay Mallya, Nirav Modi and the National Spot Exchange Limited (NSEL). The ED Director has issued directions to all regions to actively work on cases marked for restitution of assets worth Rs 15,000 crore during the financial year 2025-26.
The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.
One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
'Self-declaration from the customer in case of no change in KYC information or change only in the address details may be obtained.'
The Supreme Court of India has invalidated the appointment of 25,753 teachers and other staff in West Bengal's state-run and state-aided schools, deeming the selection process "vitiated and tainted." The court ordered the state government to conduct a fresh selection process within three months. The decision comes after a Calcutta High Court verdict in April 2024, which also annulled the appointments. The apex court, while upholding the high court's order, made some modifications, including exempting disabled employees from returning their salaries. The case stemmed from alleged irregularities in the 2016 recruitment process by the West Bengal School Service Commission (SSC), involving OMR sheet tampering and rank-jumping. The Supreme Court had previously termed it a "systemic fraud." Former West Bengal education minister Partha Chatterjee and Trinamool Congress MLAs Manik Bhattacharya and Jiban Krishna Saha are among the accused being investigated in the recruitment scam.
UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents.
Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
The bench referred to three reports submitted by the cyber cell police which said the beneficiaries were added to the bank account without any message or OTP received on the registered mobile number and email to the registered email account.
Citibank has started refunding money to those who had invested in the fraudulent scheme run by its relationship manager at Gurgaon, Shivraj Puri. Many entities of the Munjal family, victims in this regard, got back their money in recent days.
Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, on Thursday scrapped a Rs 600 million bond issue after its promoter was charged in an alleged bribery case in the US. Hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over Rs 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.
Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.
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