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NEW DELHI: Probing an organised cybercrime network involving the use of over 20,000 illegally procured SIM cards, CBI conducted raids in Delhi, Noida and Chandigarh over the weekend and discovered a ‘phishing factory’ that was using SIM boxes — devices that can hold hundreds of SIMs cards, disguise international calls and bypass telecom rules —…
Do Kwon, a cryptocurrency entrepreneur once celebrated for building the TerraUSD and Luna digital tokens, is now beginning a 15-year stretch in a US federal prison. But how did the South Korean businessman ended up with a jail sentence? The 34-year-old, who co-founded Singapore-based Terraform Labs and promoted his coins as stable, innovative and built…
47-Ronin movie director Carl Rinsch, who was also working for a Netflix project, got an $11 million infusion for the same from the streaming giant in 2020. He is now facing a criminal fraud trial in Manhattan federal court for allegedly using Netflix’s funds for the “White Horse” TV series (which had the production codename…
TIRUPATI: As if the laddu controversy and the Parakamani case were not enough, the trust running the famed Tirumala temple has now alleged that it was duped of crores of rupees by a firm that sold silk dupattas to it over the past decade. Instead of pure mulberry silk, the firm allegedly sold to the…
CBI has registered an FIR against Jai Anmol Ambani in a Rs 228 crore bank fraud case linked to Reliance Housing Finance. Searches were conducted at his residence. The agency is investigating allegations of cheating and criminal conspiracy causing wrongful loss to Union Bank of India. A second FIR targets RCFL and its officials for…
NEW DELHI: A Delhi court on Tuesday issued a notice to veteran Congress leader Sonia Gandhi over the wrongful inclusion in the 1980-81 electoral rolls.Senior advocate Pavan Narang, appearing for the revisionist Vikas Tripathi, argued that the matter warranted reconsideration as the material placed on record indicated serious irregularities in the manner Sonia Gandhi’s name…
AI-generated image used for representational purpose. NEW DELHI: Traveling to the US? You may want to be aware of a scam the American law enforcement agencies have alerted about. The Federal Bureau of Investigation (FBI) issued a public warning about a disturbing surge in virtual kidnapping for ransom scams, where criminals are now using altered…
NEW DELHI: Banking regulator RBI and the country’s largest PSU bank SBI Monday told Supreme Court it was not possible to give personal hearings to account holders before declaring an account fraud in view of the massive number of banking frauds.The country witnessed 60,000 cases of bank fraud in the last two financial years involving…
JAIPUR/MUMBAI: Filmmaker Vikram Bhatt and his wife Shwetambari Bhatt were arrested from Mumbai early Sunday in a Rs 30-crore fraud case registered in Udaipur last month.Udaipur-based IVF specialist Dr Ajay Murdia, founder of Indira IVF, had filed a complaint a month ago alleging that Bhatt, his wife and six others induced him to invest over…
Filmmaker Vikram Bhatt has reportedly been arrested in a ₹30 crore fraud case. The arrest took place during a joint operation by the Rajasthan Police and Mumbai Police at the home of Bhatt’s sister-in-law. Rajasthan Police will now seek transit remand from the Bandra Court so they can take him to Udaipur for further questioning.This…
