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Saturday, January 24, 2026
TopicFinancial fraud

Topic: financial fraud

OctaFx app founder Prozorov who duped Indians of Rs 5,000 cr held in Spain, ED to pursue extradition

Russian national was duping thousands in many countries. Investigations in India began in 2022. OctaFx once trading partner of IPL franchise Delhi Capitals, endorsed by TV stars.

No doctor or ICU—small pvt hospitals drive AB-PMJAY fund misuse in Chhattisgarh as monitoring lax

Average claim under AB-PMJAY in Chhattisgarh is Rs 10,000, less than national average of Rs 13,000/year, indicating that most patients in state can use scheme only for minor procedures.

ED seizes Rs 1,646 cr in crypto from Gujarat. What is the multinational BitConnect scam

Satish Kumbhani was arrested in 2019 for ‘orchestrating fraud through his firm BitConnect’. He was also indicted in US in 2022 for running 'ponzi scheme'. He is currently out on bail.

53% Indians experienced some form of financial fraud in last 5 years, say LocalCircle report

The survey, which received responses from over 48,000 citizens across 367 districts in India, highlighted widespread vulnerabilities in the way individuals manage and share their financial data

Over 100 ‘job fraud’ websites promising quick money for ‘work from home’ blocked for ‘laundering money’

Action followed alert by National Cybercrime Threat Analytics Unit. MHA said in a statement that it was 'committed to curbing cybercrime & protecting people from cyber threat actors'.

3 arrests in suicide case of Brahma Kumari sisters who alleged fraud by members of spiritual group

Shikha (32) and Ekta (38) alleged that four people embezzled Rs 25 lakh donated by members of Agra Brahma Kumaris ashram. In their suicide note, they also alleged sexual exploitation of ashram members.

Getting ads for WFH jobs, ‘earn Rs 20,000 daily’? CBI says one of largest ‘cyber-enabled frauds’ in India

CBI has raided locations across India as part of 'Operation Chakra 2' to dismantle 'organised cyber-enabled financial crime’. An FIR in connection with the scam was registered last year.

‘Didn’t get our flats’ — TMC’s Nussrat Jahan accused of duping homebuyers, BJP seeks ED probe

Nussrat was one of the directors of real estate firm which had to deliver the flats in New Town by 2017. TMC MP claims that she had already resigned in 2017.

Finance Ministry working to clamp down ‘like never before’ on bogus financial apps, says Sitharaman

The FM urges people to be cautious when following the advice of ‘finfluencers’ or investing through financial apps without doing due diligence, likening these to Ponzi schemes.

Pump & dump: How SEBI caught Arshad Warsi & others ‘manipulating’ stock prices in ‘finfluencer’ scheme

SEBI has said a nexus operated to pump up share prices of two broadcast companies via ‘misleading’ YouTube videos. Shares were then offloaded for profits at expense of investors.

On Camera

Controversial dog-walker IAS Sanjeev Khirwar is back in Delhi. What happened to his wife?

In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.

IndiGo profit plunges 78% as Dec meltdown with 3k flight cancellations takes a toll

Net income for InterGlobe Aviation Ltd slipped 78 percent to Rs 5.5 billion for the three months ended Dec 31 compared with the year-ago period.

Rafale saga: 25 yrs of detours, deadlocks & political hesitation. Now IAF getting what it always wanted

Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance. 

Pakistan se azaadi. Grow up India, stop giving it prime real estate in your psyche

Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.