Gautam Adani and his nephew Sagar Adani are contesting a US securities fraud lawsuit, arguing lack of jurisdiction and failure to establish wrongdoing in a 2021 bond sale.
Gautam Adani and Sagar Adani are seeking the dismissal of a US Securities and Exchange Commission (SEC) securities fraud lawsuit, arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction.
A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.
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.
The Reserve Bank of India (RBI) has proposed new measures to combat financial fraud in digital payments, including lagged credit for authorised push payments and a 'kill switch' for users to disable all digital transactions.
The Uttarakhand Special Task Force (STF) has arrested two members of an inter-state organised gang from Jammu and Kashmir for their alleged involvement in cyber fraud.
Himachal Pradesh is experiencing a significant increase in cyber fraud cases, with hundreds of cases registered and substantial financial losses reported. The state government is taking measures to combat this rise, including establishing cyber help desks and providing specialised training to officers.
A 69-year-old man in Mumbai was defrauded of 1.57 crore (157,000) in a 'digital arrest' cyber scam. The victim was tricked into transferring funds to accounts controlled by cyber criminals posing as police officers.
Telangana Cyber Security Bureau (TGCSB) arrested five individuals for supplying over 600 Indian SIM cards to a cyber fraud syndicate operating from Cambodia, which defrauded Indian citizens of crores of rupees.
Three individuals are accused of defrauding a woman in Thane, Maharashtra, by falsely promising her daughter admission to a prestigious engineering college and misappropriating 16,350.
Customers will qualify for compensation even if they mistakenly share the OTP.
Madhya Pradesh Congress MLA Rajendra Bharti has challenged his conviction and three-year jail sentence in a cheating case involving forged bank records. The Delhi High Court has issued a notice to the prosecution and scheduled a hearing for April 15.
OTP scams accounted for over one-fourth of all cyber frauds.
Madhya Pradesh Congress MLA Rajendra Bharti has been disqualified from the state legislative assembly after being convicted in a bank fraud case involving the tampering of bank records. The disqualification has sparked a political row, with the Congress party alleging a violation of democratic process.
Kerala Police arrested 165 people and registered 455 cases in a statewide operation targeting cyber financial fraud, confiscating devices and disrupting criminal networks.
The Enforcement Directorate has filed a chargesheet against former Reliance Communications president Punit Garg and another individual in connection with a money laundering probe linked to an alleged Rs 40,000 crore bank loan fraud.
A man was arrested in Gorakhpur for allegedly impersonating an IAS officer to marry a woman and defrauding her family of Rs 15 lakh.
Eleven Indian nationals residing illegally in the US have been charged with visa fraud for allegedly conspiring to stage armed robberies of convenience stores to fraudulently claim victim status on immigration applications.
Bihar Police arrested 141 people in a state-wide crackdown on mule bank account networks allegedly used for cyber fraud. The operation, 'Cyber Prahar 2.0', led to the registration of 86 FIRs and uncovered collusion by bank employees.
The Reserve Bank of India (RBI) has introduced its 'Payments Vision 2028' document, outlining initiatives to enhance digital payment security, introduce electronic cheques, and expand regulatory oversight to include e-commerce entities.
Rashid Naseem, wanted in India for an alleged investment fraud, has been arrested in Dubai following an Interpol Red Notice and extradition request.
The Home Ministry has informed a parliamentary committee that security agencies utilise open-source intelligence, including social media, for information gathering, ensuring no privacy breach as personal data is not collected.
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.
A Delhi court has dismissed the bail plea of an alleged kingpin in an over Rs 8.94 crore bank fraud case, citing the gravity of the offence and its systematic execution through layered transactions.
The Uttar Pradesh Special Task Force (STF) has dismantled two significant fraud operations involving crores of rupees in fraudulent share market, cryptocurrency, and forex schemes, leading to multiple arrests and uncovering a vast network of deceit.
Two-factor authentication for all digital transactions, including UPI, is now mandatory in India, as per RBI guidelines, to enhance security and curb fraud.
The Allahabad High Court has rejected a petition to dismiss a case against a woman accused of defrauding an aspirant of over Rs 22 lakh with false promises of a PhD degree and a university job.
The State Consumer Disputes Redressal Commission has directed Bank of India to compensate a senior citizen for losses incurred due to unauthorized ATM transactions, citing deficiency in service and failure to adhere to security protocols.
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 High Court of Justice in London has rejected a fresh bail petition filed by diamantaire Nirav Modi, who is wanted in India in connection with the Rs 13,000 crore Punjab National Bank (PNB) fraud case.
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 retired man in Thane was allegedly cheated of 22 lakh by three individuals who promised him a job in the Indian Railways, police said.
The Indian government has extended the deadline for implementing SIM-binding rules for mobile messaging apps like WhatsApp and Telegram to December 31, following requests from the industry. The Department of Telecom has also relaxed the mandatory six-hour log-out rule for web versions of these apps.
Cyber criminals impersonated a company owner to deceive an accountant into transferring a large sum of money.
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.
Madhya Pradesh Congress MLA Rajendra Bharti has been disqualified from the state legislative assembly after being convicted in a bank fraud case involving the tampering of bank records to secure illegal interest payments.
A special CBI court in Mumbai has convicted a retired bank manager and nine others in connection with a 2004 loan fraud case, sentencing them to prison terms ranging from one to five years.
The Maharashtra government has taken steps to combat the rise in investment-related cybercrimes, including arrests, enhanced cybersecurity measures, and public awareness campaigns.
A Delhi court has convicted Congress MLA Rajendra Bharti and a former bank employee in a case involving cheating and forgery of bank records to illegally obtain interest payments.
Jammu and Kashmir Police have dismantled a job fraud and extortion racket, arresting five individuals and rescuing two victims held captive in Kolkata. The operation recovered 34 lakhs and exposed a scheme targeting youth with false promises of overseas employment.
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