Sebi has imposed a penalty of Rs 7.5 lakh on Gold View Financial Services Ltd for indulging in fraudulent trading in illiquid stock options on the BSE. After observing large-scale reversal of trades in the illiquid stock options segment, the regulator conducted a probe between April 2014 and September 2015.
A former Life Insurance Company (LIC) officer and two agents have been sent to jail following a complaint by Central Bureau of Investigation (CBI)
To win Avtani's trust, the accused sent fake letters and other documents bearing fake stamps and symbols of the RBI, the Income Tax Department, the Ministry of Finance and the IRDA via email and WhatsApp, it said.
Paying a mere Rs 3 from his 'Bhim' UPI app ended up costing a defence ministry official a hefty Rs 40,000 instead. The victim Bhanu Prakash Singh was asked to pay a token amount of Rs 3, instead Rs 40,000 were debited from his bank account in a few minutes. Police have started an investigation in this regard and registered an FIR.
A Noida-based girl received a jolt from the blue when she got robbed of Rs 1.5 lakh without any OTP or PIN. The fraudulent transactions were made via the girl's HDFC Bank Debit Card and HDFC Bank Credit Card. Here's what happened.
With UPI frauds on the rise, here are some tips you should keep in mind to avoid getting into scams on apps like Google Pay, PhonePe, Paytm and more.
A case has been registered against 16 people including an NCP Member of the Legislative Council for an alleged fraud of over Rs 71 crore at the Shivajirao Bhosale Cooperative Bank here, the police said on Thursday.
A Noida working professional was duped for Rs 32,000 by two men disguised as godmen in October 2019. The two men offered the woman some prasad (holy food) after which she started feeling dizzy.
The Enforcement Directorate (ED) on Monday warned that certain "unscrupulous" persons have been sending fake communications, on behalf of the agency, to private parties in the form of summons and letters with anonymous identity.
The complainant, a resident of Patlipada, wanted to sell his furniture and posted an ad on Facebook on December 21, an official said
To minimise the number of unauthorized transactions happening on ATMs, the State Bank of India has decided to introduce the OTP-based cash withdrawal system.
A Noida based realtor has been arrested by the police in a fraud case for allegedly selling one particular flat to multiple people at a residential society in Greater Noida.
Fraudsters in India are coming up with new, innovative ideas of robbing people of huge sums of money. A Mumbai doctor, recently, lost Rs 1,30,000 to a KYC fraud. 45-year-old Lopa Chetan Dave, received a text message asking her to share her Know Your Customer (KYC) details. After she provided the details, she lost Rs 1,30,000 from her account in a series of transactions.
The Enforcement Directorate (ED) alleged that Raj Kumar Goenka Bihar-based man who is alleged to have opened bank accounts in the name of shell or bogus firms misused KYC (Know Your Customer) information of his employees and other people to deposit and transfer illegitimate funds.
Israeli Attorney General Avihai Mendelblit publicly released an official indictment on Monday
Some unidentified persons siphoned off around Rs 1 lakh from the bank account of a 54-year-old Indian Coast Guard officer, police said on Monday.
All India Institute of Medical Sciences (AIIMS) -- India's premier medical institute -- has fallen prey to banking fraud accounting for a whooping ₹12 crore. As per reports, ₹12 crore have been stolen from two separate SBI accounts belonging to the hospital by allegedly using 'cloned cheques' over the past one month. The money has been siphoned off from the bank accounts the AIIMS has with the State Bank of India (SBI) from its non-home branches in other cities.
India's premier medical institute AIIMS fell prey to a banking fraud as over Rs 12 crore has been stolen from its two bank accounts with the State Bank of India by allegedly using "cloned cheques" over the past one month, official sources said.
A special court here on Wednesday sentenced two former managers of Bank of Maharashtra to one-year imprisonment in a 26-year-old loan fraud case. Special CBI judge A S Sayyad convicted Dhairyasheel Jagtap and Mohan Shripad Phadnis, both in their seventies, under the Prevention of Corruption Act.
Paytm wallet blocked and KYC verification messages are fake. Here's how to tell if the message is fake or real
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