Financial Frauds
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US Man Loses Rs 3.7 Crore In Retirement Savings After Responding To Phishing Mail
A 77-year-old US man lost Rs 3.7 crore ($390,000) in a phishing scam involving fake PayPal refund and gold purchase.
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Forged Memos, Frozen Accounts: Inside Rs 590 Crore IDFC First Bank Scam
In the IDFC First Bank scam, investigators revealed that the racket was being operated through a sophisticated network of fake companies and manipulated bank transactions.
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6 Arrested As Nashik Cops Hunt For 'Missing Container' Full Of Rs 2000 Notes
Police in Maharashtra's Nashik district have arrested six persons for kidnapping and assaulting a man allegedly involved in the theft' of a container full of Rs 2,000 notes worth "Rs 400 crore".
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Mumbai Man, 72, Loses Rs 35 Crore In Trade Fraud. He Was Unaware For 4 Years
Shah, who runs a low-rent guest house for cancer patients in Parel, alongside his wife, inherited a share portfolio after his father died in 1984.
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DoT’s Financial Fraud Risk Indicator Reportedly Blacklists 400K SIM Cards Linked to Fraudulent Activities
The Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) has reportedly blacklisted between 3,00,000 to 4,00,000 SIM cards that were linked with fraudulent activities. As per the report, the artificial intelligence (AI)-powered tool is flagging as many as 2,000 high-risk phone numbers on a daily basis.
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Behind Rs 140 Crore Fraud, Misuse Of PM Mudra Yojana Branding, 2 Arrested
The chairman of a cooperative society and his son have been arrested over a Rs140 crore financial fraud carried out under the pretext of the Centre's flagship Pradhan Mantri Mudra Yojana (PMMY) scheme.
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Puja Banerjee, Kunal Verma Lose Their Life Savings In Financial Scam, Say "We Lost A Big Amount"
Puja Banerjee and Kunal Verma, who tied the knot in 2020, said the last two-three months have been very difficult
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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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Case Against New India Co-operative Bank Manager Over Rs 122 Crore Fraud
The Mumbai police have registered a case against the New India Cooperative Bank's General Manager for allegedly embezzling Rs 122 crore of funds.
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RBI Announces Exclusive '.Bank.in' Domain To Tackle Financial Frauds
In a bid to reduce online financial frauds, the RBI will implement the 'bank.in' domain exclusively for banks in India starting April 2025.
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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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Hisaab Barabar OTT Release Date: R. Madhavan's Satirical Drama on Financial Fraud to Stream on This Date
Hisaab Barabar is an upcoming satirical social drama featuring R. Madhavan as a railway ticket inspector who discovers a massive financial scam. The movie focuses on systemic corruption and the bravery of an ordinary man standing against it. Directed by Ashwni Dhir, this gripping film also stars Neil Nitin Mukesh as the antagonist and Kirti Kulhari...
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What Is MuleHunter.Ai? All About RBI's New Tool To Detect Financial Fraud
The Reserve Bank Innovation Hub (RBIH) has introduced MuleHunter.AI, an advanced AI tool aimed at combating financial fraud by detecting and flagging mule accounts involved in money laundering.
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"My Mistake Was...": Finfluencer Anupam Gupta Victim Of Loan Fraud
Identity theft and loan fraud have become a major concern in today's world with Anupam Gupta, a financial influencer, being the latest victim.
-
Italian Mobsters Shift To Lucrative World Of White-Collar Crimes
Italy's mafia rarely dirties its hands with blood these days.
-
US Man Loses Rs 3.7 Crore In Retirement Savings After Responding To Phishing Mail
A 77-year-old US man lost Rs 3.7 crore ($390,000) in a phishing scam involving fake PayPal refund and gold purchase.
-
Forged Memos, Frozen Accounts: Inside Rs 590 Crore IDFC First Bank Scam
In the IDFC First Bank scam, investigators revealed that the racket was being operated through a sophisticated network of fake companies and manipulated bank transactions.
-
6 Arrested As Nashik Cops Hunt For 'Missing Container' Full Of Rs 2000 Notes
Police in Maharashtra's Nashik district have arrested six persons for kidnapping and assaulting a man allegedly involved in the theft' of a container full of Rs 2,000 notes worth "Rs 400 crore".
-
Mumbai Man, 72, Loses Rs 35 Crore In Trade Fraud. He Was Unaware For 4 Years
Shah, who runs a low-rent guest house for cancer patients in Parel, alongside his wife, inherited a share portfolio after his father died in 1984.
-
DoT’s Financial Fraud Risk Indicator Reportedly Blacklists 400K SIM Cards Linked to Fraudulent Activities
The Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) has reportedly blacklisted between 3,00,000 to 4,00,000 SIM cards that were linked with fraudulent activities. As per the report, the artificial intelligence (AI)-powered tool is flagging as many as 2,000 high-risk phone numbers on a daily basis.
-
Behind Rs 140 Crore Fraud, Misuse Of PM Mudra Yojana Branding, 2 Arrested
The chairman of a cooperative society and his son have been arrested over a Rs140 crore financial fraud carried out under the pretext of the Centre's flagship Pradhan Mantri Mudra Yojana (PMMY) scheme.
-
Puja Banerjee, Kunal Verma Lose Their Life Savings In Financial Scam, Say "We Lost A Big Amount"
Puja Banerjee and Kunal Verma, who tied the knot in 2020, said the last two-three months have been very difficult
-
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...
-
Case Against New India Co-operative Bank Manager Over Rs 122 Crore Fraud
The Mumbai police have registered a case against the New India Cooperative Bank's General Manager for allegedly embezzling Rs 122 crore of funds.
-
RBI Announces Exclusive '.Bank.in' Domain To Tackle Financial Frauds
In a bid to reduce online financial frauds, the RBI will implement the 'bank.in' domain exclusively for banks in India starting April 2025.
-
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.
-
Hisaab Barabar OTT Release Date: R. Madhavan's Satirical Drama on Financial Fraud to Stream on This Date
Hisaab Barabar is an upcoming satirical social drama featuring R. Madhavan as a railway ticket inspector who discovers a massive financial scam. The movie focuses on systemic corruption and the bravery of an ordinary man standing against it. Directed by Ashwni Dhir, this gripping film also stars Neil Nitin Mukesh as the antagonist and Kirti Kulhari...
-
What Is MuleHunter.Ai? All About RBI's New Tool To Detect Financial Fraud
The Reserve Bank Innovation Hub (RBIH) has introduced MuleHunter.AI, an advanced AI tool aimed at combating financial fraud by detecting and flagging mule accounts involved in money laundering.
-
"My Mistake Was...": Finfluencer Anupam Gupta Victim Of Loan Fraud
Identity theft and loan fraud have become a major concern in today's world with Anupam Gupta, a financial influencer, being the latest victim.
-
Italian Mobsters Shift To Lucrative World Of White-Collar Crimes
Italy's mafia rarely dirties its hands with blood these days.
