Latest Financial Losses News & Updates

Gandhinagar, July 22 (IANS) The Gujarat government on Wednesday launched a coordinated initiative involving banks and the police to strengthen the state’s response to cyber fraud, with a particular focus on freezing stolen funds during the crucial “golden hour” immediately after a complaint is lodged. The initiative was discussed at a high-level meeting chaired by Deputy Chief Minister Harsh Sanghavi at GIFT City in Gandhinagar, bringing together heads of leading banks, senior police officers an…

Namakkal, July 12 (IANS) An acute water shortage has gripped the Kumarapalayam region of Tamil Nadu’s Namakkal district, leaving farmers struggling to save their crops as delayed monsoon rains and the non-release of water from the Mettur dam have pushed the area towards a severe agricultural crisis. More than 20 irrigation lakes in Kumarapalayam, Pallipalayam and Veppadai have dried up completely, depriving thousands of acres of farmland of their primary source of irrigation.With no significant …

Chennai, March 5 (IANS) The Enforcement Directorate (ED) has conducted coordinated search operations at multiple locations in Mumbai and Chennai in connection with an alleged investor fraud involving M/s Atum Capital Pvt Ltd and its associated entities.The searches were carried out on February 27 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, as part of an ongoing investigation into suspected financial irregularities and diversion of investor funds, the ED said in a…

New Delhi, Feb 10 (IANS) Union Home Minister Amit Shah will deliver the keynote address at the National Conference on Tackling Cyber-Enabled Frauds and Dismantling the Ecosystem in New Delhi on Tuesday. ​​The two-day event organised by the Central Bureau of Investigation in partnership with the Indian Cyber Crime Coordination Centre under the Ministry of Home Affairs will take place at Bharat Mandapam from February 10 to 11. ​During the inaugural session, Home Minister Amit Shah will condu…