Frauds News
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 read03:23 PM ISTATM 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 2025Sebi 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 2025ED 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 2025Credit 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 2025Banking on trust, losing billions: India’s bank fraud epidemic needs urgent answers
The total value of bank frauds tripled last year even as the number of cases fell—signalling bigger, bolder scams. The problem runs deeper than regulation: it’s about broken governance, eroding public trust, and the urgent need for tech-enabled vigilance.
3 min read3 Jun 2025‘Digital payment frauds not alarming’
The finance ministry, the RBI and the National Payments Corporation of India have rolled out several crucial measures to secure digital financial transactions and to combat fraud.
2 min read2 Jun 2025SEBI bars Bollywood actor Arshad Warsi, wife, others from stock market. Details here
Bollywood actor Arshad Warsi, his wife Maria Goretti and 57 others have been barred by the stock market regulator Securities and Exchange Board of India (SEBI) from accessing the Indian equity market for a period of up to five years in a stock manipulation case.
2 min read30 May 2025NCLT allows govt to attach Gensol's accounts, lockers
The tribunal's order came after investigations by multiple agencies and regulators revealed systemic fraud at Gensol Engineering.
3 min read28 May 2025Non-executive directors needn’t get caught up in cases of corporate fraud
The Gensol-BluSmart scandal has raked up this issue again. Non-executive directors are often clueless of fraudulent acts but still risk being arrayed with perpetrators. Thankfully, a legal provision shields the former from prosecution in cases that have no prima facie evidence of their role.
4 min read1 May 2025Popular Topics
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