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Saturday, March 28, 2026
TopicFinancial fraud

Topic: financial fraud

Chandigarh Smart City funds in ‘ghost FDs’: IDFC First bank manager, accountant booked in Rs 116 cr fraud

Amit Kumar, Commissioner of the Municipal Corporation of Chandigarh, said that IDFC First Bank returned Rs 116.84 crore, including interest, after the fraud came to light.

Rajpal Yadav is back from Tihar jail. His next film is Welcome to the Jungle

During Rajpal Yadav's time in jail, actors Sonu Sood and politician Tej Pratap Yadav extended monetary help, while singer Guru Randhawa signed him on for a music video.

The exception to ‘bail the rule, jail exception’—Supreme Court draws the line at habitual ‘conmen’

Overturning Allahabad HC order granting bail to man accused of Rs 6.5 cr fraud, SC acknowledged while 'liberty is a priceless treasure', it is not absolute.

32nd Avenue was Gurugram’s postcard venue. Doctors to retirees have now lost life savings

The cracks in the perfectly curated facade of 32nd Avenue started appearing years before CEO Dhruv Sharma was arrested for allegedly selling the same commercial floor to 25 different buyers.

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.

On Camera

Chiraiya shows marital rape is structural—it is embedded in India’s legal framework

Chiraiya, streaming on JioHostar, confronts consent within marriage. It stars Divya Dutta, Siddharth Shaw and Prasanna Bisht.

Drug regulator calls on Indian pharma to move beyond generics, address dependence on bulk imports

Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.

1st batch of 2,000 India-made Israeli Negev LMGs delivered to Army; 4,000 more to be delivered this year

The Indian Army is set to get another 4,000 of these LMGs as part of a contract signed in August 2024 to replace the 5.56x45mm INSAS LMG.

Gulf war exposed India’s fragilities. It’s time for navel-gazing, in the national interest

It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.