financial fraud
Maharashtra Physician Loses Rs 7 Crore in Sophisticated 'Digital Arrest' Cybercrime Scheme
Oct 15, 2025 09:51 pm CST
A senior doctor in Maharashtra fell victim to an elaborate cybercrime operation, losing over Rs 7 crore after fraudsters impersonated law enforcement officials and judges who placed him under a fake "digital arrest." The perpetrators used counterfeit Supreme Court and Enforcement Directorate documents to intimidate the victim, threatening legal consequences and monitoring his movements until he transferred the funds to their accounts.
Fake Tantrik Arrested for Ghost Exorcism Scam: How He Deceived Dozens Through Instagram
Oct 13, 2025 05:44 pm CST
A 20-year-old man from Rajasthan was arrested for operating a sophisticated online scam as a fake spiritual healer, convincing victims their homes were haunted and charging substantial fees for exorcism rituals. Using Instagram and fabricated ghost images, he defrauded over 50 people before being caught after a Delhi woman reported him to cybercrime authorities.
Reliance Power CFO Arrested: ED Detains Anil Ambani's Aide in Rs 68 Crore Bank Guarantee Fraud Case
Oct 11, 2025 01:55 pm CST
The Enforcement Directorate has arrested Ashok Kumar Pal, CFO of Reliance Power and aide to Anil Ambani, for alleged money laundering involving fake bank guarantees worth Rs 68 crore submitted to a government energy corporation. The case connects to broader investigations into the Ambani group concerning potential loan diversions exceeding Rs 17,000 crore across multiple companies, with authorities uncovering sophisticated fraud techniques including spoofed banking domains and shell companies.
ED Launches QR Code Verification System to Combat Fake Summons and Digital Arrest Scams: How to Verify Official Communications
Oct 08, 2025 08:13 pm CST
The Enforcement Directorate (ED) has introduced a new QR code verification system to combat the rising threat of fake summons and digital arrest scams. This security measure allows citizens to authenticate official communications through scannable QR codes and unique passcodes, protecting them from fraudsters impersonating ED officials. The system offers two verification methods and represents an important step in the agency's ongoing efforts to safeguard the public from sophisticated cyber fraud schemes.
ED Uncovers Rs 30 Crore Marriage Scheme Fraud in Madhya Pradesh: Former Official Arrested
Oct 07, 2025 10:36 pm CST
The Enforcement Directorate has conducted raids across seven locations in Madhya Pradesh, uncovering a Rs 30.18 crore fraud involving the government's Marriage Assistance Scheme. Former Janpad Panchayat CEO Shobhit Tripathi and two data entry operators allegedly fabricated documents to divert welfare funds to ineligible beneficiaries between 2019 and 2021. Authorities have seized documents and frozen financial assets worth Rs 21.7 lakh as investigations continue into this significant case of public fund misappropriation.
Bengaluru Woman Extorted of Rs 17 Lakh Through Private Video Blackmail and Assault
Sep 30, 2025 05:36 pm CST
A 32-year-old woman in Bengaluru was assaulted and extorted of over Rs 17 lakh by a man she met on Facebook who threatened to leak her private videos online. The accused, Smaroop Gowda, initially gained her trust before demanding money through blackmail and physical intimidation. Police have registered a case following her complaint detailing the fraud, threats, and assault she experienced.
Charlie Javice Sentenced to 7+ Years for $175 Million JPMorgan Frank Acquisition Fraud
Sep 30, 2025 03:37 pm CST
Charlie Javice, founder of education fintech startup Frank, has been sentenced to over 7 years in prison for defrauding JPMorgan Chase of $175 million by fabricating millions of user accounts. The 33-year-old entrepreneur, once celebrated for simplifying college financial aid applications, admitted to creating false data that led to JPMorgan's acquisition of her company in 2021.
Self-Styled Godman Chaitanyananda Faces 5-Day Police Custody After Sexual Harassment and Financial Fraud Allegations
Sep 28, 2025 08:15 pm CST
Delhi court has remanded Chaitanyananda Saraswati, a 62-year-old self-styled godman, to five-day police custody following allegations of sexually harassing 17 women at a management institute. Authorities have frozen Rs 8 crore across multiple accounts and discovered fake UN credentials during their investigation into both sexual misconduct and financial irregularities.
Case Filed Against Ex-CFO Of Online Gaming Company For Diverting Funds
Sep 17, 2025 12:29 am CST
A case has been registered against the former Group Chief Financial Officer of an online gaming company for allegedly diverting company funds to invest in future and options trading, leading to an estimated loss of Rs 250 crore, police said
CBI Raids Premises Of Karnataka Ex-Minister's Relatives In Valmiki Corporation Case
Sep 16, 2025 02:00 am CST
The CBI on Monday conducted searches at 16 locations across Karnataka and Andhra Pradesh in connection with the alleged siphoning off government funds from the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited (KMVSTDCL).