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Monday, February 16, 2026
TopicFinancial fraud

Topic: financial fraud

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.

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.

On Camera

Alphabet issues a 100-year bond. Do investors trust Big Tech more than governments now?

In an era of polarised politics and fiscal inertia, the world’s most powerful democracies struggle to issue debt beyond 30-50 years. Yet a private entity has convinced the market of its viability through the year 2126.

Andhra proposes Rs 100-cr wealth fund, eyes Norway-style sovereign fund model to drive growth

Andhra Pradesh Finance Minister Payyavula Keshav presented a Rs 3.32 lakh crore budget for 2026–27 in the assembly Saturday.

Top US military commander applauds ‘India’s tactical execution’ during Op Sindoor; adds ‘there’s lessons too’

On bilateral ties, Admiral Paparo said India-US ties have an exponential effect on deterrence, because it demonstrates a unity of purpose among us to maintain the peace.

The new Great Game—Trump’s playing for time, China for leverage & India for wiggle room

This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.