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Saturday, October 25, 2025
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.

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.

On Camera

The Press is not artillery — neither for the ruling party nor the Opposition: Sachin Sen

The Press in a liberal democracy has to be a forum for the expression of different points of view. It must not suppress, taint or adulterate news, wrote Sachin Sen in 1960.

US sanctions Rosneft & Lukoil: What we know of 2 oil giants that produce half of Russia’s crude

Rosneft, the Russian state-owned oil behemoth, has large interests in India. Reliance has a contract to purchase 500,000 barrels of crude per day from the firm.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.