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Saturday, July 19, 2025
TopicFinancial fraud

Topic: financial fraud

Kerala couple flee to Kenya after Rs 40 crore chit fund scam in Bengaluru

Over 400 complaints have been registered against the A&A Chit Fund company, with victims mostly originating from Kerala. A criminal case is registered under the Chit Funds Act of 1982 against the company.

Actress Alia Bhatt’s former assistant Vedika Shetty in custody for ’embezzling over Rs 76 lakh’

Mumbai Police has arrested Shetty for allegedly cheating the actress & embezzling money from her production company's account based on complaint filed by Alia Bhatt's mother Soni Razdan.

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

Vietnam real estate tycoon sentenced to death for her role in $12 billion fraud case

Truong My Lan, chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery and violations of banking rules

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.

On Camera

Fauja Singh’s death shows Indian roads remain a national emergency—474 lives lost every day

Fauja Singh, 114, died after being hit by a speeding car. His death renews questions about India’s deadly roads, rising accidents, and poor traffic discipline.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Joys of Trumplomacy: India & the world are learning US President’s 99 moods and 1 goal

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.