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MUMBAI: IDFC First Bank Ltd reported a Rs 590 crore discrepancy in deposits held on behalf of the Haryana Government at its Chandigarh branch, identified four employees as suspects and suspended them pending investigation. The bank’s filing comes after the state directed its departments to close accounts with private lenders on February 18. The matter…
Director Shamzu Zayba of the Saiju Kurup film ‘Abhilasham’ was arrested following a financial fraud complaint by producer Ann Sariga Antony. The producer alleges the director exceeded the agreed budget by nearly a crore, claiming misuse of funds. Zayba denies the accusations, stating the complaint is personal vengeance and budget hikes were unavoidable. The director…
The internet has changed how people work, shop, bank and stay in touch. Bills are paid online. Salaries are credited digitally. Government services are accessed through apps. Emails carry office documents. Social media connects families across continents. But along with convenience has come risk. Cybercrime has grown steadily over the past decade, and one of…
NEW DELHI: The ED has issued fresh summonses to Anil Ambani of Reliance group and his wife Tina for next week to appear at its headquarters in Delhi for questioning in connection with its ongoing probe of alleged laundering of Rs 40,000 crore by the industrialist and his entities.The ED has already attached Rs 12,000…
MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices.Governor Sanjay Malhotra said the central bank has reviewed its 2017 framework…
Filmmaker Vikram Bhatt and his wife Shwetambari Bhatt are in judicial custody in connection with a Rs 30 crore cheating and criminal breach of trust case. Their plea for bail has also been declined by the Rajasthan High Court recently, thus allowing the investigation to proceed further. Amid this, fresh allegations have now surfaced against…
The Unique Identification Authority of India (UIDAI) has deactivated more than 2.5 crore Aadhaar numbers belonging to deceased individuals as part of a nationwide database clean-up exercise aimed at preventing identity misuse and fraud, the government informed Parliament.The move is part of efforts to maintain the accuracy and integrity of the Aadhaar ecosystem, which remains…
A Turkish tech executive who launched a New York “fintech marketing” company to create rewards programs has been indicted for defrauding venture capitalists of $7 million in seed money and using the proceeds to secure an O-1A “extraordinary ability” visa. Federal prosecutors in New York announced that Kalder Inc founder and CEO Gokce Guven, a…
Actors Govinda, Shakti Kapoor, Chunky Panday, and BJP MP Manoj Tiwari face probe in a Ghaziabad investment scam linked to Maxizone Touch Pvt Ltd. Investors alleged 15% monthly returns were promised but unpaid, with FIR filed after Jamshedpur complaint. Directors arrested in 2025; ED raided over fraud claims. Actors Govinda, Shakti Kapoor, Chunky Panday, and…
New York/New Delhi: Billionaire Gautam Adani and his nephew, Sagar Adani, have agreed to receive a legal notice from US Securities and Exchange Commission in a civil fraud lawsuit alleging they misled investors about a bribery scheme, according to a court filing. The stipulation is subject to court approval, reports PTI.In a filing in a…
