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Thursday, October 2, 2025
TopicFinancial fraud

Topic: financial fraud

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.

RBI unlikely to extend 30 September deadline for credit card security, say bankers, merchants

According to RBI's data, card & internet transactions made up 34.6% of the total fraud cases in FY21.

Amid digital payment boom, 42% Indians faced financial fraud, 74% didn’t get money back

Survey by LocalCircles found that 'bank account frauds' topped the list, followed by 'fraud by eCommerce sites'.

From global travel & tourism empire to liquidation, promoter in jail: The fall of Cox & Kings

Agencies have filed at least 10 cases against promoter Peter Kerkar & ex-CFO Anil Khandelwal. Overspending, money siphoned off through shell companies led to bankruptcy, it’s alleged.

Don’t get lured by ads of ed-tech firms, do your research to avoid fraud, govt tells parents

The advisory says some ed-tech companies asking vulnerable families to sign up for automatic payment options in garb of providing free service, asks parents to be cautious.

Hacked, phished, bamboozled — how cyber criminals conned 4 former Karnataka DGPs

Former Karnataka DGP Shankar Mahadev Bidari is the latest to be targeted, with hackers allegedly attacking his email ID & reaching his contacts with requests for financial aid.

Delhi gets 34 paperless courts for cheque-bouncing cases that allow digital arguing, judgments

The courts have been started with twin objective of providing a hassle-free environment to litigants — who can now appear in these courts virtually — and unclogging the legal system.

On Camera

More Andhra-style prawn fry for Indian plates? How Naidu’s trying to blunt US tariff hit on aqua exports

Naidu attempts to shield aqua farmers after Trump’s tariff hits the shrimp farming sector in Andhra Pradesh, leading to the cancellation of 50% of the state's exports.

Finnish giant ICEYE to build signature radar microsatellites in India, offers full control to govt

Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.