New Delhi, May 13 (IANS) Senior IPS officer Praveen Sood will continue as Director of the Central Bureau of Investigation (CBI) for another year, following a decision by the Appointments Committee of the Cabinet to extend his tenure beyond May 24, 2026. An order was issued in this regard on Wednesday.The move ensures continuity at the helm of India’s premier investigating agency, where Sood has overseen several high‑profile cases and strengthened institutional coordination.The extension was ap…
Latest Financial fraud News & Updates
New Delhi, May 12 (IANS) In a significant step to combat incidents of cybercrime and digital fraud, the Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs and Reserve Bank Innovation Hub (RBIH), signed a Memorandum of Understanding (MoU) on Tuesday. The MoU seeks to create an integrated system and strengthen collaboration in combating cyber-enabled financial fraud while curtailing mule accounts across the banking and digital payments ecosystem.Union Home Minister Am…
New Delhi, May 12 (IANS) India’s rapid digital expansion outpaced its cybersecurity readiness, a report has said, citing a sharp rise in ransomware, phishing, data breaches and cyber espionage that pose risk to critical infrastructure, financial systems and ordinary citizens.The report from India Narrative identified a shortage of skilled cybersecurity professionals and urged universities and technical institutes to integrate cybersecurity into mainstream curricula and expand specialised trainin…
New Delhi, April 30 (IANS) The Supreme Court on Thursday took on record fresh status reports filed by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) in the ongoing probe into the alleged large-scale bank fraud involving Anil Ambani-controlled Reliance Communications (RCom) and associated group entities.A bench of Chief Justice of India (CJI) Surya Kant, and Justices Joymalya Bagchi and Vipul M. Pancholi, was informed by advocate Prashant Bhushan, appearing for the…
Srinagar, April 29 (IANS) J&K Crime Branch said on Wednesday that it has registered an FIR in a fake overseas job scam after a man was duped and trafficked to Cambodia on the promise of overseas employment.A press statement by the Economic Offences Wing (EOW) of the Crime Branch Kashmir said that in a shocking case of fraud and human trafficking, it has registered a case after a man was allegedly duped by a fake job consultancy and trafficked to Cambodia under the pretext of overseas employm…
Patna/Shillong, April 28 (IANS) The Central Bureau of Investigation (CBI) has arrested an absconding accused in connection with a Rs 60.86 lakh bank fraud case involving the Bharat Sanchar Nigam Limited (BSNL), nearly 14 years after the registration of the FIR, officials said on Tuesday.The accused, identified as Manoj Kumar Sinha alias Manoj Sinha, had been evading arrest since the registration of the FIR in 2012 and never joined the investigation, the agency said.According to the CBI, the case…
Washington, April 25 (IANS) US Treasury Assistant Secretary for Terrorist Financing Jonathan Burke has told lawmakers that sanctions remain a central tool to cut off adversaries from the American financial system and disrupt illicit activity.“Sanctions can be useful to isolate those sanctions targets and make sure they don’t have access to the US financial system,” Burke told lawmakers.Testifying before a House subcommittee, Burke said sanctions serve both as a direct enforcement tool and …
New Delhi, April 18 (IANS) In a major breakthrough, the Delhi Police Crime Branch (Western Range-II) on Saturday has dismantled an interstate cyber fraud syndicate involved in a high-value online investment scam. Four accused persons have been apprehended in connection with the case, which spanned multiple states, including Delhi, Punjab, and Rajasthan. According to officials, the well-organised network was engaged in procuring mule bank accounts and routing defrauded money through layered finan…
Mumbai, April 8 (IANS) The Enforcement Directorate (ED) has provisionally attached 33 immovable and movable properties valued at nearly Rs 16.95 crore belonging to Hiren Ranjit Bhanu, his wife Gauri Hiren Bhanu, and other family members under the Prevention of Money Laundering Act (PMLA), 2002, officials said on Wednesday. The attached assets include fixed deposits, bank balances, residential flats, commercial offices, and agricultural land.The ED’s Mumbai Zonal Office initiated the money launde…
Lucknow, April 1 (IANS) The Central Bureau of Investigation (CBI) has arrested proclaimed offender Sameer Joshi in connection with a financial fraud case linked to the Life Insurance Corporation of India, officials said on Wednesday.According to officials, the CBI had registered the case on August 13, 2012, based on a complaint received from LIC, Lucknow, alleging large-scale misappropriation of funds by the accused through the preparation of forged cheques for fraudulent insurance policies.Inve…