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  After 26 years, court convicts 2 bank officials in loan fraud case

  India | November 27, 2019 21:01 IST

  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.

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  Paytm wallet KYC Fraud: All you need to know

  Technology | December 02, 2019 14:46 IST

  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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  India leads mobile ad fraud across Asia: Report

  India | November 18, 2019 17:06 IST

  Major types of ad fraud are cookie stuffing (74 per cent), adware traffic (65 per cent), data fraud (61 per cent) and ad injection (54 per cent).

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  Two Indian brothers indicted on charges of marriage fraud scheme in US

  World | November 13, 2019 7:39 IST

  The indictment also alleges that Rajinder made false statements to CIS on or about March 11, 2016 and December 14, 2017 when he stated that he did not live at a separate address from DH, when they had lived separately.

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  FIR against Delhi Post Office clerk for fraud of Rs 18 lakh

  Crime | November 02, 2019 11:12 IST

  The fraud, which was caught in an internal Vigilance of the Postal Department, though estimated to be Rs 18 lakh at present is likely to increase as the investigation proceeds.

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  SEBI levies Rs 22 lakh fine on 3 entities for fraudulent trade

  Business | October 25, 2019 15:44 IST

  Capital markets regulator Sebi has levied a total penalty of over Rs 22 lakh on three entities for indulging in fraudulent trading in the illiquid stock options segment on the BSE.

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  7 smart tips to protect you from drowning in financial mess

  Business | September 13, 2019 18:45 IST

  Money plays a very important role in our day to day life. But, today the prime fear with every common man is how to save money and fix personal finance mistakes. Some people earn well but don’t know how to save, how much to save and where to save? They all lack in one thing and that is a good future-plan to secure their finances. We all need a strong foundation for our strong financial future, and for that, we need to know the dealings to fix our finances and avoid mistakes. So, we are to guide you for a better future. Just follow the low-down to know how you can avoid and fix your finance mistakes:

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  Ex-Maharashtra ministers Jain, Deokar convicted in housing scam

  India | August 31, 2019 15:51 IST

  Special Judge Srushti Neelkanth directed police that all the 48 accused, who are currently out on bail and present in the court, be taken into custody immediately. The court will pronounce their sentence later in the day.

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  Bank manager arrested for fraudulently withdrawing money

  Crime | August 30, 2019 20:23 IST

  Arunachal Pradesh Police has arrested a bank manager in Arunachal Pradesh's West Siang district for fraudulently withdrawing money from the saving accounts of customers, a police officer said on Friday.

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  Punjab: Two travel agents booked for duping woman of Rs 19.5 lakh

  India | August 30, 2019 19:55 IST

  Police in Punjab's Phagwara city on Friday booked two women travel agents for allegedly duping another woman of Rs 19.5 lakh on the pretext of sending her son abroad, officials said. The accused have been identified as Pooja Joshi and Poonam, residents of Mansa Devi Nagar and Talwara, respectively.

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  Indian origin man found guilty of running fraud multimillion-dollar kickback scheme

  India | July 30, 2019 9:56 IST

  New Jersey-based Shivanand Maharaj was convicted on charges of wire fraud and giving kickbacks to influence the operation of an employee benefit plan, which carry a sentence of at least 25 years' imprisonment He will be sentenced in December, said United States Attorney for the Southern District of New York Geoffrey Berman.

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  Maharashtra: Two booked for misusing national emblem

  Crime | July 23, 2019 13:10 IST

  One of the accused, Lalman Pandey, allegedly posed as an official of the National Human Rights Commission (NHRC) by using the national emblem on his letterheads and visiting cards, a police spokesperson said.

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  Nine Indian men stranded in UAE after accepting fake job offers

  World | July 21, 2019 11:13 IST

  The men from Kerala, who are currently stranded in Al Ain and Ajman, claim they met the agent named Shafeeq on WhatsApp and paid up to Rs 70,000 for visit visas to the UAE, Khaleej Times reported.

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  Allahabad bank reports Rs 688.27 crore fraud

  Business | July 18, 2019 9:06 IST

  Allahabad Bank on Wednesday reported a fraud of Rs 688.27 crore by a Ludhiana-based textile company.

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  21-yr-old man arrested for trying to siphon off money from various ministries

  July 10, 2019 6:51 IST

  The accused was arrested earlier by Delhi Police in a similar offence, in which over Rs 3.8 crore was fraudulently withdrawn from the accounts of the Health Ministry, Anyesh Roy, DCP (Cyber crime), said. He was released on bail a few weeks back and he hatched another conspiracy.

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  Delhi: Man arrested for duping people through online shopping

  July 07, 2019 9:11 IST

  Police said that the accused along with his associates used to hire and train undergraduate boys and girls for making outbound calls to their targets and luring them for shopping from their website.

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  PNB reports over Rs 3,800 cr fraud by Bhushan Power & Steel Ltd

  Business | July 06, 2019 19:45 IST

  Public sector lender Punjab National Bank said Saturday it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the Reserve Bank of India (RBI).

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  Private bank manager held in shell company scam

  Business | July 03, 2019 6:29 IST

  During investigation, Sandeep Singh Dua said that he was a active member of a gang of cheats and businessmen who used dummy accounts of shell companies for transactions to avoid income tax.

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  Bank loan fraud: ED attaches Rs 110-cr assets of Simbhaoli Sugar company

  India | July 02, 2019 16:18 IST

  The Enforcement Directorate said a provisional order was issued under the Prevention of Money Laundering Act (PMLA), for attachment of properties like land, buildings, plant and machinery of the distillery unit of the company located in Simbhaoli, Hapur in Uttar Pradesh. The attached assets worth about Rs 110 crore of Simbhaoli Sugars Limited, one of India's largest sugar mills, in connection with a money laundering probe against the firm related to an alleged bank loan fraud.

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  Munna Bhai returns? This 'doctor' found medical degree in train 5 years back, and made it his own

  India | June 26, 2019 21:54 IST

  Rajasthan police have recently arrested one Man Singh Baghel, a graduate who was working as a practicing doctor in Sikar district by faking an MBBS degree which he accidentally found while travelling in a train five years back.