A manager at the Indian Institute of Management (IIM), Ahmedabad, has fallen victim to an elaborate online trading scam, losing nearly Rs 50 lakh after being lured into a bogus IPO investment scheme through a WhatsApp group promoting stock market “tips.” According to The Times of India, the 49-year-old victim, who resides in Chandkheda, filed … Read more
The Kerala Police are joining hands with the State Cooperative Milk Marketing Federation, alias Milma, for creating awareness on cyber security. In view of increasing number of people falling prey to cyber fraud, the State police came out with an innovative drive, displaying their cyber helpline numbers on the Milma milk packets being distributed in … Read more
A day after IndusInd Bank revealed that it is suspecting fraud in accounting irregularities and flagged involvement of senior employees, Ashok Hinduja, Chairman of IndusInd International, has come out in strong support of the current leadership and the board. In a statement following the bank’s Q4 FY25 results, Hinduja said he has “unequivocal trust” in … Read more
Police sources say 35 victims have come forward to report their losses. File | Photo Credit: The Hindu A man accused of duping around 200 individuals of ₹14 crore in large-scale investment fraud was arrested by the Economic Offences Wing (EOW) of Cyberabad police on Tuesday (March 4, 2025). The accused was identified as Kandula … Read more
Bapatla Superintendent of Police Tushar Dudi showing the seized money, bank ATM cards and gadgets at a press conference on Thursday. | Photo Credit: T. VIJAY KUMAR The Bapatla district police on Thursday cracked a cyber fraud of ₹74 lakh registered at Tsundur police station and arrested two persons from Rajasthan in connection with … Read more
Representative image | Photo Credit: Malavika Unnikrishnan Menon _12024@Chennai Two men involved in a job visa racket were nabbed by the Commissioner’s Task Force, North Zone and Narayanguda Police. The duo had deceived job seekers aspiring for employment in foreign countries. The accused, identified as Yeruva Abhishek Reddy, 30, and Thumma Chinnamma, 41, operated the … Read more
The Kozhikode cyber police have arrested two more persons, allegedly involved in a multi-crore online financial fraud, from Madhya Pradesh. The suspects, Shahid Khan, 52, and Dinesh Kumar Phulvani, 48, who were nabbed by a four-member special squad led by inspector K.R. Ranjith, were remanded in judicial custody on Monday (December 2). Police sources said … Read more
The Additional City Civil and Sessions Judge and Special Judge for CBI Cases on Friday convicted and sentenced three men, including two former branch managers of a nationalised bank, to one to three years of imprisonment and slapped a fine of ₹52 lakh in connection with a bank fraud case amounting to ₹12.63 crore. The … Read more
Representational image | Photo Credit: PTI A retired Aligarh Muslim University (AMU) professor was allegedly duped of more than ₹75 lakhs by fraudsters posing as Enforcement Directorate (ED) and putting her under ‘digital arrest’ for 10 days, police said on Sunday (October 13, 2024). “An FIR was lodged on Friday (October 11, 2024) by Qamar … Read more
Ashneer Grover. File Picture Delhi Police Economic Offences Wing (EOW) has arrested a family member of BharatPe co-founder Ashneer Grover in connection with the alleged misappropriation of funds with the fintech company, police officials said on Friday, September 20, 2024. “Deepak Gupta, who is a brother-in-law of Mr. Grover, was arrested on Friday,” they said. … Read more