FINANCIAL FRAUD CASE
Rs 98,000 curd: Bengaluru woman orders curd on blinkit, receives damaged packet, calls customer care number found online and loses Rs 98,000
A 56-year-old Bengaluru woman allegedly lost Rs 98,000 after ordering curd on Blinkit and finding the packet damaged. Her search for a customer care number led her to fraudsters posing as support representatives, who sent a WhatsApp link and guided her through a process that ended with money debited from her bank account.
Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giant
Lulu Group email fraud: Kochi City Police have registered a case and launched an investigation into an alleged email impersonation fraud in which unidentified persons posing as representatives of an Italian company cheated Lulu Group of around Rs 1.64 crore. According to the FIR, the fraudsters sent fake invoices and bank details for gaming equipment payments, prompting the group to transfer 150,500 euros to accounts provided by them.
Buy gold, then leave it in a forest: Bizarre investment scam in Norway is making victims lose their savings; banks issue warning
Gold scam: A bizarre investment scam in Norway is prompting warnings after victims were persuaded to buy gold and leave it at secluded forest locations, only for the precious metal to disappear. Finans Norge says the first cases emerged in spring, while separate figures reveal that Norwegian banks and their customers lost 962 million kroner to financial fraud last year.
Why Norwegians are buying gold and leaving it in forests
A gold investment scam in Norway has prompted banks to warn customers after victims were allegedly persuaded to buy gold and leave it in forests, believing it would be kept safe as its value increased. Finans Norge says cases have been reported around Oslo and in Bergen, as authorities and banks step up efforts to raise awareness about financial fraud.
Where is Ilhan Omar? Her brief video appearance sparks questions
Ilhan Omar is currently under federal investigation regarding her citizenship application and related allegations. She released a video thanking supporters for their donations, emphasizing her commitment to campaigning. Omar denies any wrongdoing, claiming the investigation is politically motivated and intentioned to intimidate her. Her legal team is demanding the return of seized items amidst this scrutiny.
- Go To Page 1
Trump’s $30,000 fraud bounty program: Who can get the reward and what is the condition?
Trump and Vance are expected to unveil a new whistleblower initiative aimed at curbing federal fraud. This program encourages citizens to report any suspicious activity related to taxpayer funds, with the potential to earn rewards up to $30,000. However, tips must lead to verifiable prosecutions or plea agreements to qualify.
In Brazil, a stolen phone can cost more than money — and shape an election
Cellphone theft remains a significant concern for many Brazilians amid a decline in overall crime rates. In Sao Paulo, where phone thefts are highly prevalent, both presidential candidates are responding to public unease. President Luiz Inacio Lula da Silva has introduced increased penalties for phone theft, while challenger Flavio Bolsonaro has proposed stricter sentences. Affected individuals express feelings of vulnerability and stress after experiencing theft, further highlighting public safety issues.
Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High Court
Mr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales attributed to him, leading to significant distress. His Form 26AS incorrectly showed these transactions, prompting Lalit to file a complaint regarding identity theft. The Delhi High Court ultimately canceled the tax demand, finding insufficient evidence from the Income Tax Department.
ISB programme explores AI’s growing role in the future of digital finance
The Executive Programme in Fintech and AI at ISB is crafted to equip finance professionals with cutting-edge skills in financial services. Spanning 32 weeks, this program offers live online sessions alongside engaging experiential learning. Participants will delve into real-world applications of fintech, artificial intelligence, and blockchain. Tailored for senior finance leaders, this course seeks to enhance strategic decision-making. Applications for the next cohort are now open, creating valuable networking opportunities.
Delhi Police prevents potential losses of Rs 1.53 crore in five 'digital arrest' scams
Delhi Police successfully intervened to stop significant financial losses from digital arrest scams in various states. The Financial Monitoring Cell traced suspicious transactions and contacted victims to prevent further payments. Several elderly people were targeted, with some initially transferring large sums of money out of fear. Intervention efforts included counseling and assisting victims in filing complaints with local cybercrime helplines.
Todd and Julie Chrisley hit with $1.57 million IRS tax lien after Donald Trump’s 2025 pardon; what we know
Todd and Julie Chrisley are facing a significant tax challenge with a federal lien amounting to $1.57 million, linked to unpaid taxes for the years 2021 and 2022. This news follows their recent release from prison, thanks to pardons bestowed by Donald Trump. Previously convicted for fraudulent loans and tax evasion, the couple has yet to address the latest tax issues publicly.
Has Ilhan Omar left the country after the federal immigration fraud raid? Tim Mynett responds to questions about Congresswomen's whereabouts
Rumours about Ilhan Omar's whereabouts have spread since federal agents searched her Washington home. Her husband, Tim Mynett, was asked about the claims while walking their dog. His response has drawn attention as questions linger over the investigation.
Modernising legacy systems: How traditional industries are rethinking business operations
Traditional industries are investing in AI to improve operational efficiency, forecasting and decision-making. Yet integrating AI into established systems presents a different challenge from launching a new digital product. The next phase of enterprise transformation will depend on connecting existing infrastructure, business data, and workforce capabilities to deliver measurable results.
Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bonds
The Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts ₹8,415 crore in bonds written off during the bank's 2020 restructuring. The court noted that the administrator lacked the authority to write down these bonds. Bondholders had contested the write-off, citing mis-selling of the securities. Yes Bank is now obligated to repay the bonds along with accrued interest.
Bank of Baroda shares drop 3% after NMC Healthcare founder BR Shetty files $15 bn lawsuit; lender issues clarification
Bank of Baroda shares fell over 3% to Rs 230.40 on Wednesday following reports that NMC Healthcare founder BR Shetty filed a $15 billion lawsuit against the lender in the Bombay High Court alleging fraud. Bank of Baroda clarified to exchanges that it has not yet been served.
Bank of Baroda to defend interests after UAE businessman Shetty files $15 bln suit
Bank of Baroda is contending with a $15 billion lawsuit filed by B.R. Shetty following NMC Health's collapse. Shetty alleges that bank officials facilitated fraudulent transactions and ignored anti-money laundering warnings. The bank is currently pursuing recovery proceedings against Shetty for significant outstanding dues. Bank of Baroda has stated that it has not been served with the lawsuit yet.
From immigration records to a $29.9 million asset discrepancy: The questions surrounding Ilhan Omar
Federal agents searched Ilhan Omar's home, focusing on her childhood immigration documents and financial disclosures. The investigation concerns significant discrepancies in reported asset values between years, raising questions about financial conduct. While federal scrutiny has surrounded Omar for years, she has denied any wrongdoing regarding marriage fraud allegations. Authorities have not disclosed specific evidence sought or potential charges related to the investigation.
Airtel Business CEO backs AI regulation, says guardrails can unlock productivity gains
Sharat Sinha highlighted the ongoing evolution of AI architecture and methodologies for safe deployment. The government's upcoming consultation paper on AI regulations aims to address issues like safety and deepfakes. Airtel is committed to compliant practices that enhance productivity through AI. Sinha emphasized the growth of cybersecurity services in response to emerging digital threats. The company aims to deliver safe experiences for both enterprise and consumer segments.
Trump’s AI liability push opens blame game for models gone rogue
Holding AI developers financially responsible for the safety of their products has won support from Treasury Secretary Scott Bessent and former White House AI czar David Sacks, who argue that existing liability laws would be more effective than new rules.
Soon, FD details will be part of your CAS statement; Here’s how it helps you
Soon you will get to see your fixed deposit (FD) details in CAS statements. CAS stands for consolidated account statements and it is usually sent by NSDL, CDSL, Karvy or CAMS. This CAS statement at present shows your demat and non-demat holdings including mutual funds, bonds, listed shares.
New Zealand student visa approvals for Indians fall to 49.3% in 2026: INZ data
Immigration New Zealand data shows that only 49.3 per cent of offshore student visa applications from India were approved between January 1 and September 13, 2026, compared with 94.9 per cent for China. Education agents are seeking greater clarity on visa refusals and more opportunities for genuine Indian students to respond to concerns before decisions are made.
Businessman’s bank account put on hold after a Rs 2,253 transaction was flagged, requests to use the remaining balance went unanswered; High Court orders Axis Bank to release the money
Calcutta High Court has ordered Axis Bank to defreeze a Kolkata businessman's bank account that had been put on hold over a cyber fraud case linked to just one transaction worth Rs 2,253. Court found no reason why rest of account should stay locked and asked bank to release non disputed balance at once.
Agentic AI in financial services: How banks are rethinking lending, risk and decision-making
From loan processing and credit assessment to fraud detection and regulatory compliance, agentic AI is changing how financial institutions make decisions. The next challenge for banks and fintechs is to scale these capabilities while maintaining accountability, customer trust and control.
GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 crore
The GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Criminal prosecution may be limited to cases involving more than Rs 5 crore, while routine disputes over GST interpretation could be handled through civil penalties and kept outside criminal courts.
Load More
