Fraud News

Companies

India Inc steps up defences as sophisticated corporate frauds surge

White-collar crimes are surging across corporate India, from spoofed CEO emails to KYC scams. As fraud gets smarter, companies are lawyering up, tightening controls, and turning to AI to stay one step ahead.

4 min read15 Jul 2025
Money

₹450 crore TBVFL loan scam: 5 financial red flags borrowers must watch

The alleged ₹450 crore TBVFL loan scam highlights major financial red flags in bank loan fraud, underlining the need for borrowers to verify lenders, monitor disbursals, and safeguard their credit identity.

3 min read14 Jul 2025
Industry

ATM Fraud: SBI to give customer ‘full refund’ and 10% interest after Delhi consumer forum order

State Bank of India has been ordered to pay a ‘full refund’ and 10% interest per annum to one of its customers in an 11-year-long consumer forum case. The customer will also receive the dues along with the penalties and legal charges.

2 min read9 Jul 2025
Markets

Sebi bans Jane Street! What measures regulator may take to avoid repetition of Jane Street-like fraud

SEBI has temporarily barred Jane Street from the Indian stock market and impounded ₹4,840 crore for alleged index manipulation, raising concerns about retail traders' vulnerabilities in derivatives trading. Here's what SEBI may do to avoid such frauds in future.

3 min read5 Jul 2025
News

ED arrests Delhi man in ₹900-crore Chinese investment app fraud case

A Delhi man has been arrested in a money laundering case linked to a ₹900-crore investment fraud involving Chinese individuals. The ED investigation revealed that the accused converted ‘tainted funds’ into foreign currencies and channeled them through illegal networks.

1 min read4 Jul 2025
Companies

Standard Chartered faces $2.7 billion legal action over fraud allegations from Malaysia's 1MDB fund

Liquidators of 1MDB (1Malaysia Development Berhad), a sovereign wealth fund, have filed a lawsuit against Standard Chartered Bank, alleging that the bank enabled fraud which led to more than $2.7 billion in financial losses over 10 years ago.

2 min read1 Jul 2025
Money

Credit card fraud in India: Key legal provisions and punishments explained

Credit card fraud in India attracts strict legal action under IPC, IT Act, and Companies Act, with penalties ranging from fines to 10 years' imprisonment for serious financial crimes.

3 min read17 Jun 2025
News

Unbelievable! For free flights, man pretended to be flight attendant, flew across US over 120 times

Tiron Alexander, a 35-year-old man, was found guilty of fraud for impersonating a flight attendant, securing over 120 free flights across major airlines. He faces a maximum of 20 years in prison for wire fraud and 10 years for unauthorized airport access.

1 min read13 Jun 2025
News

₹4.58 crore gone! Bank employee steals money from FD accounts of 41 customers, loses it all in stock market investments

Sakshi Gupta, according to investigators, accessed more than 110 accounts of 41 customers between 2020 and 2023 by misusing the ‘User FD (Fixed Deposit)’ and conducted a series of illegal transactions.

2 min read6 Jun 2025
News

Vijay Mallya's BIG claim on Kingfisher crisis: ‘Reached out to then FM Pranab Mukherjee, was told…'

In a podcast interview, Vijay Mallya attributed the downfall of Kingfisher Airlines to the 2008 financial crisis, which he claimed impacted all sectors. He also mentioned his efforts to seek assistance from Pranab Mukherjee to reduce operations due to financial constraints.

2 min read6 Jun 2025

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles