bank fraud
ED Seizes Dubai Properties Worth Rs 51.70 Crore in Rs 1266.63 Crore SBI Fraud Investigation
Nov 19, 2025 12:42 am CST
The Enforcement Directorate has attached nine luxury Dubai properties worth Rs 51.70 crore linked to Advantage Overseas Private Limited's Rs 1266.63 crore fraud against State Bank of India. Investigation revealed Shrikant Bhasi transferred these properties to his daughter through gift deeds to conceal proceeds of crime generated through illegal merchanting trade transactions and bank fund diversions.
CBI Arrests Singapore-Based Fugitive in Rs 31.60 Crore Bank Fraud Scheme
Nov 14, 2025 06:45 pm CST
The Central Bureau of Investigation has apprehended Rajesh Bothra, a Singapore resident wanted in connection with a Rs 31.60 crore bank fraud case involving PNB. Bothra allegedly provided forged documents showing fictitious business transactions to enable fund misappropriation. Wanted in multiple economic offense cases, his arrest will prevent him from evading legal proceedings.
Trinamool MP Kalyan Banerjee Questions Cybersecurity After Rs 57 Lakh Fraud: "If I Can Be Duped, What About Common People?"
Nov 08, 2025 04:36 pm CST
Trinamool Congress MP Kalyan Banerjee raises alarm about India's cybersecurity measures after becoming a victim of a sophisticated banking fraud that saw Rs 57 lakh stolen from his dormant SBI account through identity theft and document forgery. The incident highlights growing concerns about digital financial security even for high-profile individuals.
ED Summons Anil Ambani for Questioning in Rs 7,545 Crore Money Laundering Investigation
Nov 06, 2025 04:46 pm CST
The Enforcement Directorate has summoned Reliance ADAG Group Chairman Anil Ambani for questioning on November 14 regarding a major money laundering case. This follows the attachment of properties worth Rs 7,545 crore, including 132 acres in Navi Mumbai. Investigations reveal that RCOM and its group companies allegedly diverted over Rs 13,600 crore for loan evergreening and transferred Rs 12,600 crore to connected parties, violating loan terms.
Kerala Police Arrests Rajya Sabha MP's Aide in Major Cyber Fraud Crackdown: Operation Cy-Hunt Results
Nov 05, 2025 01:13 am CST
Kerala police have arrested Hassan Anas, a 25-year-old reportedly working as a personal assistant to a Rajya Sabha MP, during Operation Cy-Hunt. This major cyber crime crackdown has resulted in over 264 arrests targeting organized financial fraud networks across India. Anas allegedly received Rs 1,70,000 through a "mule account" connected to a Ghaziabad resident, participating in an organized cyber-financial crime network.
ED Seizes Rs 4,462 Crore Worth of Assets from Anil Ambani Group Including Knowledge City Land
Nov 04, 2025 12:07 am CST
The Enforcement Directorate has attached over 132 acres of Dhirubhai Ambani Knowledge City land worth Rs 4,462.81 crore in its investigation against the Anil Ambani Group. This action, along with earlier seizures including a Pali Hill residence and Delhi's Reliance Centre, brings total attached assets to Rs 7,500 crore in connection with alleged fund diversion and money laundering from various Reliance entities.
Delhi Man Loses Rs 9.67 Lakh in Elaborate ATS Impersonation Scam Linking Him to Pulwama Attack
Nov 03, 2025 10:16 pm CST
A 32-year-old Delhi resident became the victim of a sophisticated fraud scheme, losing over Rs 9.67 lakh after scammers posing as Anti-Terrorism Squad officials falsely accused him of involvement in the 2019 Pulwama terror attack. The fraudsters used threats and intimidation tactics to extract funds through multiple bank transfers, highlighting a dangerous trend in cybercrime targeting innocent citizens.
Delhi Police Dismantle International Cybercrime Network Operating Across 12 Indian States
Oct 31, 2025 08:36 pm CST
Delhi Police have arrested five individuals, including a bank official, who were part of a sophisticated cybercrime operation controlled from Dubai. The syndicate created fake companies and bank accounts to launder money from victims across India, eventually converting funds to cryptocurrency to avoid detection. Investigations revealed connections to 52 fraud cases spanning 12 states, with operations directed by an overseas handler identified as "Tom."
Belgian Court Approves Extradition of Fugitive Diamond Trader Mehul Choksi to India: Complete Case Details
Oct 18, 2025 01:14 am CST
A Belgian court has approved Mehul Choksi's extradition to India for alleged bank frauds worth Rs 13,000 crore. Arrested in Antwerp in April, the fugitive diamond trader faces multiple charges including fraud and corruption, while India has assured proper detention facilities meeting European standards.
Inside India's Digital Arrest Scam: How Fraudsters Target the Wealthy Through Financial and Psychological Manipulation
Oct 13, 2025 05:45 pm CST
This article exposes India's devastating "digital arrest" scam targeting affluent citizens, where fraudsters posing as government officials manipulate victims into transferring life savings through psychological intimidation. With losses exceeding $290 million since 2022, the article examines how these scams exploit weaknesses in banking systems, data security vulnerabilities, and law enforcement limitations, while offering solutions to combat this growing financial threat.