financial crime
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.
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."
FATF Warns Pakistan: Removal From Grey List Doesn't Guarantee Protection Against Terror Financing
Oct 25, 2025 10:02 am CST
The Financial Action Task Force (FATF) has warned Pakistan that its 2022 removal from the 'greylist' doesn't make it immune to money laundering and terrorist financing. FATF President Elisa de Anda Madrazo emphasized that all countries must maintain vigilance against financial crimes, as reports surface of terrorist organizations using digital wallets to conceal fund transfers. Pakistan remains under monitoring by the Asia Pacific Group to ensure continued implementation of anti-terror financing measures.
Employee Arrested in Mumbai for Rs 5.72 Crore Gold Coin Fraud Scheme Using Forged Documents
Oct 06, 2025 05:13 pm CST
A Mumbai man has been arrested for defrauding his employer of gold coins worth Rs 5.72 crore through an elaborate scheme involving fake purchase orders from a pharmaceutical company. The accused, Sunil Gupta, created counterfeit documents to misappropriate 7 kilograms of gold intended for corporate gifts, using his position of financial authority within the company.
Indian Man Sentenced to 10 Years for Rape and Fraud of European Woman in Marriage Scam
Oct 01, 2025 03:02 am CST
A court in Mathura has sentenced a man to 10 years of rigorous imprisonment for sexually assaulting and defrauding a European woman of €100,000 through a marriage scam. His mother received 5 years for aiding the crime, which involved a fake wedding ceremony and falsified investment documents. The victim had traveled to India for spiritual purposes before being targeted by the perpetrator, who was already married.
Kerala Celebs Under Lens As Probe Agency Takes Up Bhutan Car Smuggling Case
Sep 25, 2025 01:50 am CST
The Enforcement Directorate (ED) will probe the high-profile Bhutan car smuggling racket after a nudge from the Kerala High Court.
Pune Ex-Banker Tricked With 'Amit Shah' Call By Relative, Duped Of 4 Crores
Sep 23, 2025 04:41 pm CST
A 53-year-old retired bank employee was defrauded of Rs 4 crore by his relative, who posed as an intelligence officer and tricked him with a conference call with Union Home Minister Amit Shah.
CBI Chargesheets Anil Ambani, Rana Kapoor In Rs 2,796 Crore Corruption Case
Sep 19, 2025 12:02 am CST
The CBI filed a chargesheet on Thursday against Anil Ambani and others over alleged fraudulent transactions causing a loss of Rs 2,796 crore to the bank, officials said.