financial fraud
Indian-Origin Telecom CEO Bankim Brahmbhatt Faces $500 Million Fraud Allegations in BlackRock Loan Scheme
Nov 01, 2025 04:49 pm CST
Bankim Brahmbhatt, CEO of Bankai Group, stands accused of orchestrating a $500 million loan fraud scheme targeting BlackRock's private-credit arm and other lenders. The lawsuit alleges fabricated invoices and offshore transfers to India and Mauritius, while Brahmbhatt's companies have filed for bankruptcy. His lawyer denies all allegations.
Indian-Origin CEO Orchestrates $500 Million Fraud Against BlackRock: Inside the "Breathtaking" Financial Scheme
Nov 01, 2025 12:11 am CST
BlackRock's private-credit arm and major lenders are struggling to recover over $500 million lost in an elaborate fraud allegedly perpetrated by Indian-origin telecom executive Bankim Brahmbhatt. The scheme involved fabricated invoices, fake customer communications, and offshore money transfers to India and Mauritius, with Brahmbhatt's companies creating an illusion of financial health while securing massive loans from HPS Investment Partners and BNP Paribas.
Pune Man Loses Rs 11 Lakh in Online Pregnancy Advertisement Scam: A Warning About Digital Fraud
Oct 31, 2025 08:24 pm CST
A contractor from Pune fell victim to cybercriminals, losing Rs 11 lakh after responding to a fake online advertisement from someone claiming to seek pregnancy assistance. This case highlights a growing trend of sophisticated online scams in India, including "digital arrest" schemes that have recently targeted elderly citizens in Hyderabad, with victims losing substantial sums to fraudsters posing as law enforcement officials.
Hyderabad Police Officer Suspended After Allegedly Taking ₹2 Crore Bribe to Help Fraud Suspect Escape
Oct 31, 2025 04:05 pm CST
A Hyderabad Task Force Sub-Inspector has been suspended following allegations that he accepted a ₹2 crore bribe to help financial fraud suspect Vuppalapaty Satish escape custody. Satish, accused in a ₹23 crore fraud case, escaped with his family during transport from Mumbai to Hyderabad, prompting a multi-state manhunt and internal investigation into police complicity.
Tragic Consequences of Digital Arrest Scam: Elderly Pune Officer Dies After Rs 1.2 Crore Fraud
Oct 30, 2025 04:21 pm CST
An 82-year-old retired government officer from Pune died from shock after he and his elderly wife were defrauded of Rs 1.19 crore in a sophisticated "digital arrest" scam. Criminals posing as cyber police and CBI officials kept the couple under remote surveillance for three days, extracting their life savings. Experts warn that legitimate authorities never conduct arrests by phone or demand financial transfers.
CBI Reveals Yes Bank's Rs 2,700 Crore Loss from Fraudulent Transactions with Anil Ambani's Companies
Oct 30, 2025 01:55 am CST
The CBI has filed a charge sheet detailing how Yes Bank suffered a Rs 2,796.77 crore loss due to Rana Kapoor's unilateral investments in Anil Ambani's financial companies. The document alleges a criminal conspiracy involving shell companies, quid-pro-quo arrangements, and regulatory violations between 2017-2019, with 13 individuals and entities charged with conspiracy, cheating, and corruption.
Tamil Nadu Police Bust Multi-Crore Iridium Scam: 27 More Arrested in Statewide Operation
Oct 25, 2025 11:13 pm CST
Tamil Nadu's Crime Branch-CID has arrested 27 more individuals in connection with a widespread "Iridium scam" that defrauded victims using fake RBI credentials. The operation spanned 15 districts, targeting gangs who claimed to facilitate lucrative sales of the rare metal. Authorities have warned the public against schemes promising extraordinary returns through iridium sales.
Maharashtra Man Arrested for Rs 1.10 Crore Social Media Scam Targeting Delhi Family
Oct 25, 2025 12:33 am CST
A sophisticated cyber fraud case has been uncovered in Delhi where a man from Maharashtra was arrested for defrauding a family of Rs 1.10 crore through elaborate fake job offers and investment schemes on social media. The perpetrator created multiple fictitious companies, forged documents, and even installed surveillance at the victim's home to gain trust while operating an extensive digital fraud network targeting educated individuals.
Taiwanese Family Loses US$420,000 After Terminally Ill Mother Exploited by Spiritual Growth Cult
Oct 21, 2025 01:44 am CST
A terminally ill cancer patient in Taiwan and her son were coerced into joining a fraudulent spiritual growth cult led by two women who subjected them to degrading rituals and forced marriages, resulting in financial losses of US$420,000. After seeking legal help, the court ordered the cult leaders to pay damages, highlighting the dangers of predatory spiritual organizations targeting vulnerable individuals.
Mumbai Police Bust Massive Deepfake Investment Scam with China Connections: How Criminals Used Fake Videos of Market Experts to Steal Crores
Oct 19, 2025 01:12 am CST
Mumbai Police have dismantled a sophisticated cybercrime operation that used deepfake videos of prominent market analysts to defraud investors. The scam, linked to Chinese cybercriminals, involved a digital marketing company illegally selling Facebook Ad IDs, resulting in victims losing crores through fake investment schemes on WhatsApp and Telegram groups. Four individuals have been arrested in connection with the fraud that came to light after a SEBI-registered analyst reported counterfeit videos of himself circulating online.