FRAUDULENT NOTICES
National Herald case: Delhi HC to hear ED plea against Sonia, Rahul Gandhi today
The Delhi High Court will hear a plea from the Enforcement Directorate. The ED challenges a trial court's decision. The trial court refused to accept a chargesheet against Sonia Gandhi, Rahul Gandhi, and others. This is in connection with the National Herald money laundering case. The ED argues the trial court's order is legally flawed.
Digital arrest scams: CBI to launch chatbot to help people verify notices issued to them
The CBI is launching a new AI chatbot named Abhay on Monday. This tool will help citizens verify the authenticity of notices they receive. It aims to combat digital arrest frauds where scammers impersonate CBI officials. The chatbot will provide a crucial defense against these sophisticated scams. This initiative is part of the 22nd D P Kohli Memorial Lecture.
Hidden risks in mortgaged properties: Essential due diligence steps for safe buying
A Supreme Court ruling in 2025 favored a land buyer who was defrauded by a seller concealing an existing mortgage. The court affirmed that buyers are entitled to a full refund of their deposit when sellers fraudulently hide property encumbrances. This case underscores the importance of thorough due diligence for property buyers.
Don’t miss this! IRS tax debt deadlines that could cost you big
IRS Tax Debt Deadlines Explained: Understanding IRS tax debt deadlines is crucial to avoid accumulating interest and penalties. The IRS has specific time limits for assessing and collecting taxes, typically three years for assessment and ten years for collection. These statutes can be paused or extended by certain actions, impacting your options for tax relief.
CBI registers FIR in Rs 550 crore IDFC bank embezzlement case
The CBI has taken over a major investigation into the alleged embezzlement of Rs 550 crore from Haryana government accounts. Funds were reportedly siphoned off through fraudulent banking operations and fictitious transactions. Shell entities and associated firms are under scrutiny. The probe involves public servants and banking officials.
Builder fraud: Bombay HC denies society membership to homebuyer who was sold refuge area as residential flats
When Mr Sewadsha from Ghatkopar East purchased five apartments in a housing project in Bhandup he had no idea that the builder had cheated him by selling refuge areas (vacant areas). The reason why the builder could dupe Sewadsha is because there was an error in the plan annexed to the Occupancy Certificate which shows a part of the vacant space as residential flats on 8th and 15th floor of the housing society even though no constructed residential apartment, fit for occupation, exists there.
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Ajmer dhobi who lost PAN gets income tax notice for 'diamond' transactions worth nearly Rs 600 crore
An Ajmer washerman received an income tax notice for transactions exceeding Rs 598 crore, linked to diamond trading. He denies any knowledge of the account, suspecting his lost PAN card was misused. A complaint has been filed against the bank and unknown individuals, with police investigating the alleged financial fraud.
Supreme Court rules no personal hearing needed before declaring bank account as fraud
The Supreme Court has issued a pivotal directive concerning the classification of bank accounts as fraudulent, opting not to allow personal oral hearings for customers involved in such decisions. Nonetheless, institutions are mandated to provide access to forensic audit reports, fostering a new level of accountability.
DMK MP Raja issues legal notice to YouTube channel over audio clip, slams Palaniswami
Tamil Nadu elections: The controversial audio clip, which recently surfaced on social media, purportedly features Raja making disparaging remarks about the DMK leadership and internal party dynamics.
'No case made out': Thane court grants bail to CoinDCX co-founders held for cheating
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal received bail in Thane. A court found no prima facie case against them in a Rs 71.60 lakh cheating case. Their legal team argued they were victims of mistaken identity and impersonation. The complainant stated he received the money from another accused and did not know the co-founders.
₹2,200 crore SRS group fraud: ED restores properties worth ₹650 cr to over 2,300 homebuyers
The Enforcement Directorate has successfully restored ₹650 crore worth of immovable properties to 2,312 homebuyers defrauded by the SRS group. The agency is prosecuting the Faridabad-based realty group under the Prevention of Money Laundering Act for allegedly cheating investors and banks of ₹2,216 crore. Prosecution proceedings are ongoing, with efforts to recover further proceeds of crime and secure absconding accused.
Maharashtra Assembly clears anti-conversion bill amid split in opposition
The Maharashtra Assembly has taken a bold step by approving the Freedom of Religion Bill 2026, which addresses the critical issue of religious conversions. This legislation penalizes conversions that involve intimidation or deception. The ruling Uddhav Balasaheb Thackeray Sena has rallied behind the bill, but it faces pushback from both the Congress and Samajwadi Party.
Global financial fraud hits USD 442 billion in 2025, AI scams surge: Interpol
In 2025, global financial fraud skyrocketed to a staggering USD 442 billion, with Interpol’s latest findings highlighting a disturbing trend: cybercriminals are leveraging sophisticated AI technologies. With fraud now yielding 4.5 times greater returns, deepfake audio has emerged as a common tool for greenlighting fraudulent wire transfers.
National Herald case: Delhi HC to hear on April 20 ED plea against Gandhis
The Delhi High Court will hear the Enforcement Directorate's plea on April 20. The ED challenges a trial court order that refused to accept its chargesheet against Sonia Gandhi, Rahul Gandhi, and others. This case involves allegations of money laundering linked to the National Herald newspaper.
PNB scam: Court notice to Nirav Modi's two brothers over FEO proceedings
A Mumbai court has issued notices to Nirav Modi's brothers, Neeshal and Nehal Modi, and two senior executives. They must explain why they should not be declared fugitive economic offenders. This action follows pleas from the Enforcement Directorate in the Punjab National Bank scam. If declared fugitive, their assets can be confiscated. Nehal Modi is fighting extradition from the US.
Rs 7 lakh income, Rs 2 lakh donation to a political party: How fake contributions led to Section 80GGC tax deduction claim rejection
A Mumbai man's Rs 2 lakh donation to a political party for tax deduction backfired. The Income Tax Appellate Tribunal (ITAT) Mumbai disallowed the claim, finding the party engaged in a cash-back scheme. The party, with no verifiable office, allegedly returned donations after deducting a commission, facilitating fraudulent tax claims.
Jindal Films' class action suit: NCLAT declines to stay NCLT order
The appellate tribunal NCLAT has refused to halt a National Company Law Tribunal order. This order allows a class action lawsuit against Jindal Poly Films. Minority shareholders allege over Rs 2,500 crore was siphoned off. The NCLAT found the petition met legal requirements. Jindal Poly Films' appeal to stay the proceedings was dismissed.
SC bans NCERT class 8 book over chapter on corruption in judiciary, says gunshot fired to bleed institution
The Supreme Court has banned the NCERT Class 8 social science book. The book contained content deemed offensive regarding corruption in the judiciary. The court ordered the immediate seizure of all copies, both physical and digital. Show cause notices were issued to NCERT officials. The court stated this was a calculated move to undermine the judiciary.
Sebi cautions investors against fake notices demanding STT payments
Sebi warns investors about fake notices demanding Securities Transaction Tax payments. Fraudsters are using forged Sebi letterheads to deceive people. The market regulator clarifies it does not issue such notices. Investors are urged to verify all communications. Sebi also cautions against unregistered individuals promising risk-free profits and handling trading accounts. Investors should check Sebi registration before investing.
Beware of cyber fraud: Railway pensioners urged to stay vigilant against scammers
They have been urged to stay vigilant against cyber fraudsters who are making fake phone calls and sending SMS/WhatsApp messages in the name of Railway officials, seeking personal and financial details on the pretext of PPO updates, KYC verification, and additional pension benefits.
₹590 crore fraud at IDFC First Bank: How one branch defrauded govt accounts & rattled bank’s shares
IDFC First Bank is currently delving into a potential ₹590 crore fraud case linked to its Chandigarh branch. The alarm was raised when various departments within the Haryana government detected irregularities in their financial statements. This revelation has prompted a thorough investigation from multiple agencies, coupled with a comprehensive forensic audit.
RBI sees no systemic risk in Rs 590-crore fraud uncovered by IDFC First Bank
The Reserve Bank of India has stated there is no systemic risk following a fraud case at IDFC First Bank involving approximately Rs 590 crore in Haryana government accounts. The bank has suspended four officials and is pursuing legal action for recovery, while Haryana has de-empanelled IDFC First Bank for government operations.
IDFC First Bank discloses Rs 590 crore fraud at Chandigarh branch involving Haryana govt accounts
IDFC FIRST Bank has uncovered a significant fraud totaling Rs 590 crore. The incident involves employees at one of its Chandigarh branches. Four suspected officials have been suspended pending a thorough investigation. The bank is also appointing an independent agency to conduct a forensic audit. Strict action will be taken against all involved parties.
National Herald case: Delhi HC to hear on Mar 9 ED plea against Sonia Gandhi, Rahul Gandhi and others
The Delhi High Court will hear the Enforcement Directorate's challenge to a trial court's decision. The trial court refused to accept the ED's chargesheet against Sonia Gandhi, Rahul Gandhi, and others. This case involves allegations of money laundering related to the National Herald newspaper. The High Court has given the respondents time to file their responses.
Income Tax Department sends notices to many senior executives earning over Rs 50 lakh for alleged misuse of exemptions
Tax authorities are scrutinizing top executives for income underreporting and false claims. Notices have been issued to CEOs and MDs of multinational companies. The focus is on undeclared foreign assets, overseas income, and inflated allowances. This crackdown is part of a broader government initiative for better tax compliance. Many high-earners are being asked to revise their tax returns.
ED seeks fugitive tag for Nehal Modi
In an urgent legal maneuver, the Enforcement Directorate has petitioned a court to label Nehal Modi as a fugitive economic offender. Accused of orchestrating a pivotal role in the Punjab National Bank scandal, he allegedly funneled an astonishing amount of money overseas. Furthermore, the agency alleges he engaged in the destruction of evidence and witness intimidation.
Delhi High Court seeks stand of Rani Kapur on perjury plea by Priya Kapur
The Delhi High Court has sought Rani Kapur's response to her daughter-in-law Priya Kapur's plea alleging perjury. Priya claims Rani's lawsuit against the family trust is based on false statements regarding the RK Family Trust Deed. The court also issued notice on Priya's plea to dismiss the lawsuit for alleged fraud and suppression of material facts.
Just 1 day left to claim up to $2,500 from the New York Blood Center data breach settlement — check if you qualify
193,814 Americans must act by February 11, 2026. The New York Blood Center settlement offers a $500,000 fund for data breach victims. Eligible donors can claim $2,500 for identity theft losses. A flat cash payment is also available without documents. This 2025 breach exposed Social Security numbers and medical files. Secure your payout before tomorrow's midnight deadline. File your claim online now to protect your legal rights.
Come clean or face the heat: 5 Budget 2026 signals for taxpayers
Budget 2026 signals stricter tax enforcement, urging taxpayers to disclose foreign earnings and assets now or face increased scrutiny. New schemes offer amnesty windows for past non-disclosures, while updated provisions allow for late corrections with penalties, encouraging voluntary compliance. Budget 2026 offers relief routes for honest errors, but the onus is now on taxpayers to be transparent—make accurate disclosures, claim genuine deductions.
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