Latest News, Updates & Breaking Headlines
MUMBAI: Some friction, long viewed as a flaw in digital payments, is now being seen as a feature. An RBI discussion paper proposes to introduce a short delay, or “lag”, for high-value transfers above Rs 10,000. This gives customers time to rethink a transaction and cancel it if they suspect fraud. Customers may also be…
Bangladesh Cricket Board election scandal (Screengrab/X) A government-appointed investigation committee in Bangladesh has uncovered widespread irregularities, including vote-rigging, coercion, and bias, in the October 2025 Bangladesh Cricket Board (BCB) elections. The five-member panel, headed by former justice AKM Asaduzzaman, submitted its report to the sports ministry on Sunday. According to the ESPNcricinfo, the election process…
Billionaire Gautam Adani and his nephew Sagar Adani have moved to challenge a US securities fraud case, asking a federal court in New York to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC) regarding a 2021 bond issue by Adani Green Energy Ltd (AGEL).In a filing before the Brooklyn federal court,…
The Supreme Court, on Tuesday, issued a decision regarding the classification of bank accounts as fraud. The apex court ordered that banks are not obligated to grant customers a personal oral hearing before declaring their accounts as fraud. However, prior to labelling them, banks must provide customers with a forensic audit report.The ruling follows submissions…
An Indian‑origin couple was sentenced in the United Kingdom after they continued to run companies for more than five years despite being legally barred from doing so. 71‑year‑old Bharat Jogia, from the West Midlands region of England, was disqualified as a company director for 13 years in 2014. He accepted a disqualification undertaking after admitting…
US President Donald Trump on Friday said that his deputy JD Vance will focus on investigating fraud in democratic-run states in his new role as “Fraud Czar.”In a post on Truth Social, Trump said that Vance’s focus will be “everywhere” but primarily in Democrat run states — signalling out California, Illinois, Minnesota, Maine and New…
Federal agents have arrested a married couple accused of fraudulently billing Medicare for $7.45 million while running a hospice where an unusually high number of patients were reported to survive in California. The FBI executed an early‑morning raid on the home of doctor Gladwin Gill and psychologist Amelou Gill, who jointly operated 626 Hospice, also…
The US Internal Revenue Service (IRS) reportedly paid Palantir $1.8 million last year to develop a custom tool for the agency. This tool is designed to help the federal agency identify cases for audits, tax collection, and potential criminal investigations, a report claimed, citing documents obtained via a public records request. The tool, called the…
If two companies file H-1B petitions for the same individual not by mistake but to game the lottery, it is considered fraud. If one withdraws the petition in the nick of time, the matter was not pursued by the USCIS but now a landmark decision by the USCIS Administrative Appeals Office says that withdrawing a…
NEW DELHI: Deepening its investigation into the alleged multi-crore fraud involving Reliance Communications (RCOM) and State Bank of India (SBI), CBI has questioned three former top-tier executives of the Anil Ambani-led Reliance Group.The agency issued summons to Satish Seth and Gautam Doshi, both former group managing directors, for examination in connection with the FIR registered…
