Mumbai, June 24 (IANS) The Bombay Stock Exchange (BSE) on Wednesday sought clarification from gold jewellery manufacturer Rajesh Exports Ltd regarding reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company.The stock exchange’s query came a day after the central agency carried out searches at nine premises associated with the company under the provisions of the Foreign Exchange Management Act (FEMA). In a regulatory filing, Ra…
Latest Financial fraud News & Updates
New Delhi, June 11 (IANS) The Cyber Police Station of South District, Delhi Police, has successfully busted an organised interstate cyber fraud syndicate involved in operating fake online helicopter booking websites and cheating unsuspecting travellers. Three accused persons have been arrested in the case, and significant digital evidence, along with electronic devices, has been recovered.A complaint was received from a victim who was cheated of Rs 20,328 on the pretext of booking travel service…
Bengaluru, June 4 (IANS) The Directorate of Enforcement (ED), Bengaluru Zonal Office, has arrested Karuturi Venkateshwara Rao under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an investigation into Deepak Cables (India) Limited and others in a case involving alleged fraud against a consortium of banks led by the State Bank of India (SBI), the official statement said on Thursday. The ED initiated the investigation based on an FIR registered by the Central…
New Delhi, May 20 (IANS) In a massive crackdown against organised cyber crime syndicates, Cyber West Police Station of the West District Police emerged as one of Delhi Police’s most effective cyber crime units during April, successfully dismantling several inter-state fraud networks and bringing 89 cyber offenders to justice. The extensive operations, carried out across multiple states, led to the exposure of a cyber fraud network involving nearly Rs 40 crore, while Rs 51.95 lakh was successfu…
Kolkata, May 18 (IANS) The Enforcement Directorate on Monday arrested Biswajit Poddar alias Sona Pappu in connection with a financial fraud and extortion case. Sona Pappu was in the news for various reasons before the Assembly elections. He was allegedly involved in various illegal activities, but was still missing. However, Pappu appeared at the Enforcement Directorate office at the CGO Complex in Salt Lake on Monday.After being questioned for nine hours from morning till night, the…
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…
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…