Financial Fraud

Showing of 1 - 20 from 34 results
Financial Fraud - Total results - 34
Delhi Police files FIR against Haryanvi singer Sapna Choudhary for misappropriation of funds, cheating
India

Delhi Police files FIR against Haryanvi singer Sapna Choudhary for misappropriation of funds, cheating

The case was registered on a complaint by Pawan Chawla of celebrity management company P&M Movies Pvt Ltd, who has accused the singer of misappropriating a huge amount collected by organising several events clandestinely and multiple loans worth Rs 3.5 crore

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
Business

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up

The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago

US authorities file lawsuits against call centres, mostly from India, for making fake robocalls to its citizens, causing financial losses
World

US authorities file lawsuits against call centres, mostly from India, for making fake robocalls to its citizens, causing financial losses

The US alleges that the defendants operated voice over internet protocol (VoIP) carriers, which use an internet connection rather than traditional copper phone lines to carry telephone calls.

Fraud-hit CG Power chief executive KN Neelkant resigns from subsidiaries amid investors' pressure for his ouster
Business

Fraud-hit CG Power chief executive KN Neelkant resigns from subsidiaries amid investors' pressure for his ouster

Investors and lenders want completely new management to run CG Power, for which they believe Neelkant to go, sources said.

SBI's unprotected data server leaked account details of millions of customers; situation now under control
News & Analysis

SBI's unprotected data server leaked account details of millions of customers; situation now under control

There are no details as to how long the server was password-less, but it was discovered by a security researcher and has now been secured

Vijay Mallya’s rise and fall: The story of Vittal Mallya’s flamboyant entrepreneur son who became an extradition candidate
Business

Vijay Mallya’s rise and fall: The story of Vittal Mallya’s flamboyant entrepreneur son who became an extradition candidate

Mallya could perhaps have avoided the ordeal had he chosen to stay back and fight the case. Even now, Mallya owes several months of salary dues to his employees, which has added to the public resentment against him.

Fortis Healthcare case: Shivinder Singh says elder brother Malvinder forged wife's signature, led firm into debt trap
Business

Fortis Healthcare case: Shivinder Singh says elder brother Malvinder forged wife's signature, led firm into debt trap

Shivinder Singh, the younger of the Singh siblings, who were synonymous with each other for decades, sued Malvinder for "oppression and mismanagement" of their companies.

Aadhaar privacy issues extend beyond the security of its biometric database
News & Analysis

Aadhaar privacy issues extend beyond the security of its biometric database

There is a robust need for safeguarding our data and own responsibility for it.

CBI seeks deputation of banking and tax experts to probe financial frauds, including the PNB scam
India

CBI seeks deputation of banking and tax experts to probe financial frauds, including the PNB scam

CBI which is probing the over Rs 13,000 crore PNB scam as well as other financial frauds, has sought deputation of banking and tax experts from other ministries with an offer of good monetary incentives

Using AI in financial fraud detection can help banks save unnecessary losses
News & Analysis

Using AI in financial fraud detection can help banks save unnecessary losses

AI is already causing massive upheaval in the banking and financial services industry.

One in four Indians at risk of financial fraud after becoming digitally active, says global information company
Business

One in four Indians at risk of financial fraud after becoming digitally active, says global information company

With Indians becoming more digitally active, the risk of frauds has increased with around one in four customers becoming victims to online financial deceit, says a report.

Indian Technomac director held in Rs 6,000 cr fraud case; company shut operations in 2014 without paying wages, dues
India

Indian Technomac director held in Rs 6,000 cr fraud case; company shut operations in 2014 without paying wages, dues

CID sleuths recently arrested a director of Paonta Sahib-based firm Indian Technomac Company Limited in a nearly Rs 6,000 crore fraud case

Scams and frauds: Why blockchain technology is need of the hour in Indian financial sector
Business

Scams and frauds: Why blockchain technology is need of the hour in Indian financial sector

Financial frauds and money laundering have become the latest buzzwords sabotaging the future of India’s financial sector.

Indian government planning to set up an apex coordination centre to deal with cyber crime
India

Indian government planning to set up an apex coordination centre to deal with cyber crime

The cyber crime centre would also block those websites which flout India's laws and circulate child porn, and communally and racially sensitive content.

Digital ecosystem in India is giving criminals a potential goldmine for cybercrime-related activities, says Richard Booth of security firm RSA
News & Analysis

Digital ecosystem in India is giving criminals a potential goldmine for cybercrime-related activities, says Richard Booth of security firm RSA

We spoke to Richard Booth of RSA Security, who leads the fraud and risk intelligence business in RSA for Asia Pacific and Japan regions, on the current trends in the sphere of online fraud

Ministry of Home Affairs set to launch web portal to register cybercrime complaints on a real-time basis
News & Analysis

Ministry of Home Affairs set to launch web portal to register cybercrime complaints on a real-time basis

NCRB data has stated that Uttar Pradesh, followed by Maharashtra and Karnataka have the highest number of cybercrime cases.

Extradition case: Vijay Mallya raises woman's torture, death in Byculla prison as reality of Indian jails, says report
Business

Extradition case: Vijay Mallya raises woman's torture, death in Byculla prison as reality of Indian jails, says report

Vijay Mallya is likely to have raised the death of a woman prisoner, Manjula Shetye, in Byculla jail in June to oppose his extradition

SWIFT urges banks to upgrade their security as threats from digital heists are on the rise
News & Analysis

SWIFT urges banks to upgrade their security as threats from digital heists are on the rise

SWIFT has declined to disclose the number of attacks, identify victims or say how much money has been stolen. Still, details on some cases have become public.

Rajinikanth has committed financial fraud, should not join politics, says BJP leader Subramanian Swamy
Politics

Rajinikanth has committed financial fraud, should not join politics, says BJP leader Subramanian Swamy

Subramanian Swamy advised Rajinikanth against joining politics again on Friday while claiming to have "substantial proof" of financial irregularities that would 'knock down' Tamil actor's political ambitions

Indian-American former CEO duped $33 million from over 100 investors in the US; jailed for 15 years
World

Indian-American former CEO duped $33 million from over 100 investors in the US; jailed for 15 years

A 44-year-old Indian-American has been sentenced to 15 years in prison for duping over a 100 investors of $33 million through fraudulent schemes.