Bank Fraud.
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Bengaluru Engineering Student Stuck In 7-Crore Fraud. He Shared Bank Details
In a case of cyber fraud from the silicon city Bengaluru, an engineering student has landed in trouble after his bank account was allegedly used to route Rs 7 crore in cyber fraud transactions.
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Setting UPI Payment Limits: How to Limit the Amount You Can Send Daily for Safety
UPI has made digital payments effortless in India, but its simplicity can sometimes lead to overspending or increased risk of fraud. Setting daily UPI limits helps users manage expenses and minimise losses from scams. Most banks allow users to set limits through their apps or NetBanking portals, while UPI Lite offers capped transactions for small, ...
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Hyderabad Man, 78, Loses Rs 51 Lakh In Digital Arrest Fraud
Cybercriminals cheated a 78-year-old pensioner of Rs 51 lakh in the digital arrest fraud.
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High Court Rejects Anil Ambani's Plea Against SBI's Fraud Tag For Accounts
The Bombay High Court on Friday dismissed a petition filed by industrialist Anil Ambani challenging the State Bank of India's (SBI) decision classifying his and Reliance Communications' accounts as fraud.
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New Case Filed Against Anil Ambani Linked To Alleged Rs 2,929 Crore Fraud
In more trouble for Reliance Group Chairman Anil Ambani, the Enforcement Directorate has filed a fresh money laundering case against him, Reliance Communications and others in connection with an alleged Rs 2929 crore bank fraud.
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FIR Against Supertech, Its Promoter For Defrauding IDBI Bank Of Rs 126.07 Crore
The CBI has registered an FIR against Noida-based construction firm Supertech Limited and its promoter R K Arora among others for allegedly defrauding IDBI Bank of Rs 126.07 crore.
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Who Is Sashidhar Jagdishan? HDFC Bank CEO Facing Financial Fraud Allegations
Sashidhar Jagdishan took charge as the HDFC Bank CEO and MD in 2020, succeeding the bank's longest-serving CEO, Aditya Puri.
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DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
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To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits
The RBI on Friday asked banks to use only the '1600xx' phone numbering series to call customers for transactional purposes with a view to preventing financial fraud.
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RBI Cautions People Against KYC Updation Fraud, Shares Do's, Don'ts
The Reserve Bank of India (RBI) has cautioned people against fraud in the name of KYC updation amid increasing incidents of customers falling prey to fraud.
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Assets Worth Over 72 Crore Of Ex-UP MLA Attached In 750 Crore Fraud Case
The ED on Friday said it has attached assets worth more than Rs 72 crore of former Uttar Pradesh MLA Vinay Shankar Tiwari and his family members as part of a money laundering probe against them linked to an alleged Rs 750-crore loan fraud.
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Probe Agency Raids Delhi-Based Firm That Donated Rs 2.5 Crore To UK Party
The Enforcement Directorate (ED) on Thursday said it has raided a Delhi-based rice company and its promoter, who donated about Rs 2.5 crore to a political party in the UK, as part of a money laundering probe linked to an alleged bank loan fraud.
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Banks Must Hear Borrowers Before Classifying Accounts As Fraud: Supreme Court
The Supreme Court rejected the State Bank of India's appeal and ruled that it is reasonably practicable for the lender banks to provide an opportunity for a hearing to the borrowers before classifying their accounts as fraud.
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Shakti Bhog Foods Managing Director Gets Bail In Money Laundering Case
The Delhi High Court on Friday granted bail to Shakti Bhog Foods chairman and managing director Kewal Krishan Kumar in connection with a money laundering probe arising from an alleged multi-crore bank loan fraud.
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Tether Bank Fraud Investigation to Be Looked Into by New DOJ Team: Bloomberg
A fresh report claims that a new team of federal prosecutors in the US Justice Department is taking a fresh look at an ongoing investigation into stablecoin issuer Tether and whether its executives committed bank fraud.
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Bengaluru Engineering Student Stuck In 7-Crore Fraud. He Shared Bank Details
In a case of cyber fraud from the silicon city Bengaluru, an engineering student has landed in trouble after his bank account was allegedly used to route Rs 7 crore in cyber fraud transactions.
-
Setting UPI Payment Limits: How to Limit the Amount You Can Send Daily for Safety
UPI has made digital payments effortless in India, but its simplicity can sometimes lead to overspending or increased risk of fraud. Setting daily UPI limits helps users manage expenses and minimise losses from scams. Most banks allow users to set limits through their apps or NetBanking portals, while UPI Lite offers capped transactions for small, ...
-
Hyderabad Man, 78, Loses Rs 51 Lakh In Digital Arrest Fraud
Cybercriminals cheated a 78-year-old pensioner of Rs 51 lakh in the digital arrest fraud.
-
High Court Rejects Anil Ambani's Plea Against SBI's Fraud Tag For Accounts
The Bombay High Court on Friday dismissed a petition filed by industrialist Anil Ambani challenging the State Bank of India's (SBI) decision classifying his and Reliance Communications' accounts as fraud.
-
New Case Filed Against Anil Ambani Linked To Alleged Rs 2,929 Crore Fraud
In more trouble for Reliance Group Chairman Anil Ambani, the Enforcement Directorate has filed a fresh money laundering case against him, Reliance Communications and others in connection with an alleged Rs 2929 crore bank fraud.
-
FIR Against Supertech, Its Promoter For Defrauding IDBI Bank Of Rs 126.07 Crore
The CBI has registered an FIR against Noida-based construction firm Supertech Limited and its promoter R K Arora among others for allegedly defrauding IDBI Bank of Rs 126.07 crore.
-
Who Is Sashidhar Jagdishan? HDFC Bank CEO Facing Financial Fraud Allegations
Sashidhar Jagdishan took charge as the HDFC Bank CEO and MD in 2020, succeeding the bank's longest-serving CEO, Aditya Puri.
-
DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
-
To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits
The RBI on Friday asked banks to use only the '1600xx' phone numbering series to call customers for transactional purposes with a view to preventing financial fraud.
-
RBI Cautions People Against KYC Updation Fraud, Shares Do's, Don'ts
The Reserve Bank of India (RBI) has cautioned people against fraud in the name of KYC updation amid increasing incidents of customers falling prey to fraud.
-
Assets Worth Over 72 Crore Of Ex-UP MLA Attached In 750 Crore Fraud Case
The ED on Friday said it has attached assets worth more than Rs 72 crore of former Uttar Pradesh MLA Vinay Shankar Tiwari and his family members as part of a money laundering probe against them linked to an alleged Rs 750-crore loan fraud.
-
Probe Agency Raids Delhi-Based Firm That Donated Rs 2.5 Crore To UK Party
The Enforcement Directorate (ED) on Thursday said it has raided a Delhi-based rice company and its promoter, who donated about Rs 2.5 crore to a political party in the UK, as part of a money laundering probe linked to an alleged bank loan fraud.
-
Banks Must Hear Borrowers Before Classifying Accounts As Fraud: Supreme Court
The Supreme Court rejected the State Bank of India's appeal and ruled that it is reasonably practicable for the lender banks to provide an opportunity for a hearing to the borrowers before classifying their accounts as fraud.
-
Shakti Bhog Foods Managing Director Gets Bail In Money Laundering Case
The Delhi High Court on Friday granted bail to Shakti Bhog Foods chairman and managing director Kewal Krishan Kumar in connection with a money laundering probe arising from an alleged multi-crore bank loan fraud.
-
Tether Bank Fraud Investigation to Be Looked Into by New DOJ Team: Bloomberg
A fresh report claims that a new team of federal prosecutors in the US Justice Department is taking a fresh look at an ongoing investigation into stablecoin issuer Tether and whether its executives committed bank fraud.
