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Saturday, November 2, 2024
TopicFinancial fraud

Topic: financial fraud

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.

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.

Shunned as a mega crypto ‘fraudster’, Sam Bankman-Fried now only has a dog to defend him

The once-celebrated young investor with estimated worth of $26 bn, is now 'nearly penniless & friendless' and going down in history for besmirching reputation of struggling crypto industry.

40% of Indian firms lost $50k-$100k to fraud, economic crime during peak Covid, says PwC report

Silver lining is that there’s decline in fraud due to prevention measures taken up by managements, finds survey. As many as 112 Indian companies were part of global survey.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.