ED Attaches Rs 32 Crore in Part Time job Fraud Case
8 months, 3 weeks ago

ED Attaches Rs 32 Crore in Part Time job Fraud Case

Deccan Chronicle  

Hyderabad: Officials from Hyderabad Enforcement Directorate attached Rs 32.34 crore that was lying unused in around 580 bank accounts, under the provisions of Prevention of Money Laundering Act, 2002, in a case pertaining to a part-time job scam in the name of review and ratings of websites, hotels and resorts. The cyber criminals would approach gullible persons on WhatsApp and Telegram Apps and lure them by offering part-time jobs to perform simple tasks of giving 5-star ratings to tourist websites, hotels, resorts, tourist destinations, with daily income ranging between Rs 1,000 and Rs 1,500. Meanwhile, the masterminds, who run the show from UAE, have collected many bank account kits containing internet banking credentials, debit cards and cheque books with related SIM cards sourced from several middlemen, who open accounts in the names of shell entities using fake/forged documents. During the tasks of providing ratings, random pop-ups would appear with premium tasks carrying higher commission/ rewards but requiring more deposits leading to the wallet balances turning negative.

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History of this topic

ED raids nine locations in money laundering case linked to Spectra Industries
5 days ago

ED raids nine locations in money laundering case linked to Spectra Industries

India Today  

The Mumbai Zone of the Enforcement Directorate conducted search operations at nine places across Mumbai and Aurangabad in connection with a money laundering case involving bank fraud against Spectra Industries. The ED initiated an investigation in the case on the basis of an FIR registered by the Central Bureau of Investigation against Spectra Industries Limited, Jaidev Vinod Gupta, Sheela Vinod …

TN Cyber Crime Investigation Centre arrest four for Rs 1.65 crore online scam
6 days ago

TN Cyber Crime Investigation Centre arrest four for Rs 1.65 crore online scam

New Indian Express  

CHENNAI: Four men who were involved in an online investment scam were arrested by the State Cyber Crime Investigation Centre on December 6 and 7. The arrested include two mule account holders, a face-to-face agent, and an agent directly working in a scam compound in Cambodia. According to the police, the victim, a 67-year-old retired government employee residing in Chennai, …

Elderly woman in Bengaluru cheated of Rs 1.24 crore in cyber fraud
1 week ago

Elderly woman in Bengaluru cheated of Rs 1.24 crore in cyber fraud

India Today  

An 83-year-old woman from Bengaluru was cheated of Rs 1.24 crore by fraudsters posing as law enforcement officials. The incident, which took place between October and November, came to light when the victim filed a complaint with the city cyber police after growing suspicious of the scammers’ activities. The FIR also detailed the four separate transactions made by the woman …

ED freezes shares worth Rs 131 crore in illegal betting app case after raids
Trending News
1 week, 3 days ago

ED freezes shares worth Rs 131 crore in illegal betting app case after raids

India Today  

The Enforcement Directorate conducted search operations in Kolkata in connection with a money laundering case linked to the illegal betting app Mahadev Online Book and froze shares and securities worth Rs. ED investigations have revealed that the Mahadev Online Book betting app operates as an umbrella syndicate facilitating online platforms for illegal betting. It enables websites to enroll new users, …

ED freezes assets worth ₹130.57 crore in Mahadev Online Book case
1 week, 3 days ago

ED freezes assets worth ₹130.57 crore in Mahadev Online Book case

Hindustan Times  

MUMBAI: The Enforcement Directorate has frozen assets worth ₹130.57 crore during searches carried out in Kolkata on Thursday as part of its investigation into the allegedly illegal online betting activities of the Mahadev Online Book platform. ED freezes assets worth ₹ 130.57 crore in Mahadev Online Book case The agency has so far conducted searches at more than 110 locations …

Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities
1 week, 6 days ago

Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities

Hindustan Times  

MUMBAI: The Enforcement Directorate froze Proceeds of Crime worth ₹12.5 crore, in the form of bank balances, fixed deposits and mutual funds, as part of its money-laundering probe into an alleged multi-crore fraud against multiple investors on the pretext of doubling their investment through the app, HPZ Token, and online gaming and betting websites. Crypto currency scam: ED freezes ₹ …

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore
2 weeks, 3 days ago

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office, on Friday searched seven premises in Ahmedabad and Mumbai, and seized ₹13.5 crore in cash. The search operation was conducted in connection with the Malegaon money laundering case in which the accused had allegedly misused accounts opened with the Nashik Merchant Co-operative Bank to withdraw ₹196 crore over five months. 295/2024 dated November 7, …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
2 weeks, 5 days ago

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore

New Indian Express  

HYDERABAD: The Directorate of Enforcement conducted raids between November 28 and 30 across 13 locations, including Hyderabad, and seized unaccounted cash worth Rs 47 lakh and USDT cryptocurrency worth Rs 1.36 crore. The investigation was initiated on two FIRs registered by CBI, Economic Offences Wing, Delhi, concerning Rs 640 crore in cyber fraud money generated through betting, gambling, part time …

ED raids 13 locations in money laundering probe against Bihar IAS officer
Trending News
2 weeks, 5 days ago

ED raids 13 locations in money laundering probe against Bihar IAS officer

India Today  

The Enforcement Directorate conducted searches at 13 locations across Delhi, Gurgaon, Kolkata, Jaipur, and Nagpur on 3 December as part of a money laundering investigation involving IAS officer Sanjeev Hans and others. The searches uncovered shares worth Rs 60 crore in Demat accounts belonging to family members of a close associate of Hans, who is currently in judicial custody. Shares …

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case
2 weeks, 5 days ago

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case

Deccan Chronicle  

New Delhi: Two chartered accountants and a cryptocurrency trader have been arrested here in a money laundering investigation linked to a cyber fraud case of Rs 640 crore, the Enforcement Directorate said Wednesday. The money laundering probe stems from two FIRs filed by the Economic Offences Wing of the Delhi Police that were registered to probe charges of cyber fraud …

ED files case against 6 for cheating man of Rs 6 crore in 'mythical stone' scam
2 weeks, 6 days ago

ED files case against 6 for cheating man of Rs 6 crore in 'mythical stone' scam

India Today  

The Directorate of Enforcement has filed a prosecution complaint in a unique money laundering case involving the fraudulent sale of a mythical substance called 'Trathgola'. The complaint, filed under the Prevention of Money Laundering Act, 2002, names six individuals - Mohammad Iqbal Bakerwal, Muddasar Ali, Abdul Jalil, and Akhtar Mir, Parvez Mir, and Iqbal Mir - along with others. The …

HPZ Token scam: ED attaches assets worth ₹106.2 crore
3 weeks, 1 day ago

HPZ Token scam: ED attaches assets worth ₹106.2 crore

Hindustan Times  

MUMBAI: The Enforcement Directorate has provisionally attached the proceeds of crime in the form of movable and immovable assets belonging to several suspects, including Chinese-linked shell entities, accused of conning investors of hundreds of crores on the promise that their investments would get doubled through a mobile application, HPZ Token, online gaming and betting websites. HPZ Token scam: ED attaches …

Woman scammed of 26.33 lakh by ‘CJI Chandrachud’ in ‘digi-arrest’ case
Trending News
3 weeks, 2 days ago

Woman scammed of 26.33 lakh by ‘CJI Chandrachud’ in ‘digi-arrest’ case

Hindustan Times  

MUMBAI: A 33-year-old resident of Chandivali, Powai, has been defrauded of ₹26.33 lakh by cyber fraudsters who brought the full weight of the ‘law’ to bear upon her, pressuring her into parting with her savings and investments. Woman scammed of 26.33 lakh by ‘CJI Chandrachud’ in ‘digi-arrest’ case The Cyber Police said things began to unravel for the victim on …

Multi-crore fraud: ED attaches Lko flat worth ₹1.5cr of realtor
3 weeks, 3 days ago

Multi-crore fraud: ED attaches Lko flat worth ₹1.5cr of realtor

Hindustan Times  

The Enforcement Directorate, Lucknow, has provisionally attached property worth ₹1.5 crore in the form of a residential flat situated in Lucknow, belonging to Anil Kumar Tulsiani, director of M/s Tulsiani Constructions and Developers Pvt Ltd in a fraud case, under the provisions of Prevention of Money Laundering Act, 2002, confirmed ED officials on Friday. They said searches were conducted at …

Two online cyber fraud cases reported in city
3 weeks, 4 days ago

Two online cyber fraud cases reported in city

Hindustan Times  

PUNE Two cases of online cyber fraud were lodged in the city on Thursday, said police. Two online cyber fraud cases reported in city A 28-year-old youth from Baner was defrauded of ₹10 lakh in a parcel fraud case and a case was lodged on November 27. In the first case, the victim received a call from Skype ID where …

Delhi: ED team attacked during raid in cybercrime case; 1 officer injured
3 weeks, 4 days ago

Delhi: ED team attacked during raid in cybercrime case; 1 officer injured

Live Mint  

During a raid in Delhi pertaining to a cyber fraud linked money laundering case, an Enforcement Directorate team was allegedly attacked at on Thursday, officials said. The agency filed a police FIR regarding the incident at a farmhouse raided by ED officials in the Bijwasan area, within the jurisdiction of the Kapashera police station in southwest Delhi. The probe pertains …

Ex-ship captain loses ₹11 crore in cyber fraud; 1 held
3 weeks, 4 days ago

Ex-ship captain loses ₹11 crore in cyber fraud; 1 held

The Hindu  

A 75-year-old retired ship captain here has lost a staggering ₹11.16 crore over four months in a cyber fraud scheme falsely promising lucrative returns on stock market investments, police said. A history-sheeter, Kaif Ibrahim Mansuri, has been arrested and police have found 33 debit cards and 12 cheque books of different banks in his possession in connection with the cyber …

Five held for duping minister’s accountant of ₹2 crore in cyber scam
4 weeks, 1 day ago

Five held for duping minister’s accountant of ₹2 crore in cyber scam

Hindustan Times  

In a major breakthrough, the cops at Cyber Police Station on Sunday arrested five cyber criminals who had defrauded over ₹2 crore from the accountant of cabinet minister Nand Gopal Gupta Nandi. Following investigations, a team of cyber cops under inspector Rajeev Tiwari arrested five fraudsters from Bareilly, Dehradun and other districts. Posing as Nandi’s son, the cyber criminals instructed …

ED attaches assets worth 1.84 cr in illegal betting apps probe
1 month ago

ED attaches assets worth 1.84 cr in illegal betting apps probe

Hindustan Times  

MUMBAI: The Enforcement Directorate has provisionally attached movable assets worth ₹1.84 crore as part of its money laundering investigation into alleged illegal betting via mobile apps. ED’s probe in the case revealed that alleged dummy bank accounts in the name of fictitious entities had been opened for transferring funds obtained from two illegal betting apps, which were operated as ‘CBTF247’ …

ED arrests Bengaluru man for fraud, identity theft, I-T refund scam
1 month ago

ED arrests Bengaluru man for fraud, identity theft, I-T refund scam

New Indian Express  

BENGALURU: The Directorate of Enforcement, Bengaluru zonal office, arrested Dilip BR on November 18 under the provisions of Prevention of Money Laundering Act, 2002, in the case of Dilip BR & Others. Calling him a “habitual offender involved in multiple offences such as bank loan fraud, identity theft and misuse and income tax refund scams”, the ED in an official …

ED seizes ₹12.41 crore in cash from ‘lottery king’ Santiago Martin's premises
1 month ago

ED seizes ₹12.41 crore in cash from ‘lottery king’ Santiago Martin's premises

Hindustan Times  

The Enforcement Directorate said on Monday that it has seized cash, “sensitive” documents, digital devices and fixed deposit receipts during a search operation at nearly two dozen premises linked to “lottery king” Santiago Martin. Cash seized by ED Martin is a Chennai-based businessman who was revealed in March as the single-biggest donor to political parties through the now-scrapped electoral bonds …

Over 10 People Falling Prey to Scammers in Vizag Every Day
1 month, 1 week ago

Over 10 People Falling Prey to Scammers in Vizag Every Day

Deccan Chronicle  

Visakhapatnam: Every day at least 10 to 20 people are falling prey to scammers in Vizag City alone as the cases of cyber frauds have gone up rapidly during the past few months with most of the crimes arising from greed, ignorance, and fear of the victims. As per the data from the National Cyber Crime Reporting Portal, more than …

ED seizes ₹8.8 crore from office of ‘lottery king’ Santiago Martin
1 month, 1 week ago

ED seizes ₹8.8 crore from office of ‘lottery king’ Santiago Martin

Hindustan Times  

The Enforcement Directorate on Friday seized ₹8.8 crore from the corporate office of “lottery king” Santiago Martin in Chennai. Also, the action came after the Madras high court recently allowed the central agency to proceed against the “lottery king,” as it set aside a lower court order that accepted closure by Tamil Nadu Police of a primary FIR against the …

ED seizes ₹3 crore from Kolkata businessman in lottery scam
1 month, 1 week ago

ED seizes ₹3 crore from Kolkata businessman in lottery scam

Hindustan Times  

Kolkata, The Enforcement Directorate on Friday seized around ₹3 crore from a businessman's house in Kolkata, as part of its ongoing probe into a high-profile lottery scam. ED seizes ₹ 3 crore from Kolkata businessman in lottery scam The central agency has been conducting search operations at multiple locations in West Bengal since Thursday in connection with the alleged scam, …

ED's money laundering probe leads to raids across Maharashtra and Gujarat
1 month, 1 week ago

ED's money laundering probe leads to raids across Maharashtra and Gujarat

Hindustan Times  

Mumbai: The Enforcement Directorate conducted searches at more than 16 locations across Maharashtra and Gujarat on Thursday, investigating suspicious banking transactions worth ₹80-90 crore allegedly conducted by a Malegaon-based trader through misappropriated bank accounts. During the raids, which extended into Thursday night, the agency froze approximately ₹ 1.8 crore held in two scrutinised bank accounts. During the raids, which extended …

Lottery scams and money laundering: ED conducts raids in multiple places across Sikkim, Bengal and Tamil Nadu in Santiago Martin case
1 month, 1 week ago

Lottery scams and money laundering: ED conducts raids in multiple places across Sikkim, Bengal and Tamil Nadu in Santiago Martin case

Op India  

The Enforcement Directorate on Thursday conducted pan-India searches at multiple locations in West Bengal, Sikkim, and Tamil Nadu in connection with financial fraud of lottery and the corruption case involving money laundering through lottery tickets to certain influential people. The agency is probing a lottery scam case registered in 2012 against lottery baron Santiago Martin and others, in which the …

West Bengal news: ED conducts searches over alleged lottery fraud and money laundering case; details here
1 month, 1 week ago

West Bengal news: ED conducts searches over alleged lottery fraud and money laundering case; details here

Live Mint  

The Enforcement Directorate on November 14 is conducting searches at multiple locations in West Bengal in connection with an alleged financial fraud of lottery and the corruption case involving money laundering through lottery tickets to certain influential people, as reported by news agecny ANI. financial fraud of lottery and the corruption case involving money laundering through lottery tickets to certain …

ED raids 23 locations in Maharashtra, Gujarat over Malegaon trader bank fraud
1 month, 1 week ago

ED raids 23 locations in Maharashtra, Gujarat over Malegaon trader bank fraud

India Today  

The Enforcement Directorate conducted massive raids across 23 locations in poll bound Maharashtra and neighbouring Gujarat on Thursday as part of an investigation into a money laundering case involving a Malegaon-based trader. The trader allegedly used fake documents and fake Know Your Customer details to open numerous bank accounts, which facilitated transactions worth over Rs 100 crore. The money laundering …

Rs 111 crore, 623 bank A/Cs, 25 arrests: The cyber-fraud that stunned Surat police
1 month, 1 week ago

Rs 111 crore, 623 bank A/Cs, 25 arrests: The cyber-fraud that stunned Surat police

India Today  

The Surat police have busted a major gang laundering money extorted from victims of ‘digital arrest’ around the country and even overseas. The police detected that lakhs of money parted with by cyber-fraud victims were first landing in a ‘mule account’, functional on ‘rooted devices’ operated from outside India. From Mota Varachha and Sarthana areas of Surat, the police recovered …

ED attaches ₹333.82 crore in DMCSL fraud case
Trending News
1 month, 2 weeks ago

ED attaches ₹333.82 crore in DMCSL fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate has attached assets worth ₹333.82 crore in connection with its money laundering probe into the alleged fraud at Dnyanradha Multistate Co-operative Credit Society Ltd. The investigation revealed that DMCSL's management, including Suresh Kute and Yashvant Kulkarni, embezzled ₹2,467.89 crore, disguised as loans to companies. The society attracted over four lakh investors, offering deposit schemes with interest …

ED seizes assets worth ₹333.82 crore in cooperative society fraud case
1 month, 2 weeks ago

ED seizes assets worth ₹333.82 crore in cooperative society fraud case

Hindustan Times  

Mumbai: The Enforcement Directorate's Mumbai zonal office has provisionally attached assets worth ₹333.82 crore in a money-laundering investigation involving alleged fraud at Dnyanradha Multistate Co-operative Credit Society Ltd. The Enforcement Directorate's Mumbai zonal office has provisionally attached assets worth ₹ 333.82 crore in a money-laundering investigation. The ED's investigation revealed that DMCSL's management allegedly embezzled funds by fraudulently diverting ₹2,467.89 …

Fake ED Officials Raid DLF Farms Resident, Attempt to Extort ₹5 Crore
1 month, 4 weeks ago

Fake ED Officials Raid DLF Farms Resident, Attempt to Extort ₹5 Crore

The Hindu  

Fake ED officials attempted to extort ₹5 crore from a farmstay resident on the pretext of a raid. Seven men posing as ED officials entered the Ashoka Avenue premises in the Chhattarpur’s DLF Farms claiming that they were conducting a search. They entered the house of the victim and asked him why he was withdrawing cash regularly from his bank …

Seven Arrested for Posing as ED Officers, Bid to Extort Rs 5 Crore in Fake Searches
Trending News
1 month, 4 weeks ago

Seven Arrested for Posing as ED Officers, Bid to Extort Rs 5 Crore in Fake Searches

ABP News  

Seven people have been arrested for posing as ED officers and attempting to extort Rs 5 crore from a man living in DLF Farms area in South Delhi. The victims were lured to the house by fake ED officers posing as officials and were threatened with arrest and violence if they refused to comply with the demands. The police have …

Hyderabad victim loses Rs 10.61 crore in digital arrest scam; Two held in Bengaluru
2 months, 2 weeks ago

Hyderabad victim loses Rs 10.61 crore in digital arrest scam; Two held in Bengaluru

New Indian Express  

HYDERABAD: Two youngsters were apprehended by the Telangana Cyber Security Bureau in Bengaluru for their alleged involvement in a digital arrest scam that cheated a victim of Rs 10.61 crore. The accused, identified as Vinay Kumar S Khadke and Maruthi GH, are being brought to Hyderabad for further investigation, the police said. The victim was made to transfer Rs 4.62 …

Kozhikode cyber police nab two from Rajasthan in online fraud
2 months, 3 weeks ago

Kozhikode cyber police nab two from Rajasthan in online fraud

The Hindu  

A special squad of the Kozhikode city cyber police has arrested two suspects involved in a recently reported online financial fraud in the name of charity in which a doctor reportedly lost ₹4 crore. Police sources said the suspects exploited the victim’s sympathy for charity by pretending as youngsters in dire financial need due to job loss during the COVID-19 …

Tech company loses Rs 33 lakh to cyber fraud
3 months, 1 week ago

Tech company loses Rs 33 lakh to cyber fraud

New Indian Express  

HYDERABAD: An IT company in Begumpet lost over Rs 33 lakh after cyber fraudsters allegedly hacked into their official email ID and sent a mail to one of their global clients claiming that the company had changed their banking information. Trusting the email communication, the company’s client, who is based in the US, made transactions to the tune of $39,679 …

Two cyber crime victims refunded ₹1.09 crore in Hyderabad
3 months, 1 week ago

Two cyber crime victims refunded ₹1.09 crore in Hyderabad

The Hindu  

The Hyderabad Cyber Crime police, on Tuesday, refunded ₹1.09 crore to victims in two different cyber fraud cases. According to the police, the man was conned on the pretext of trading in institutional account on a platform named ‘Lazardoosvip.top’ and was promised substantial profits. In the second such case, a 62-year-old man was conned of ₹32.10 lakh on the pretext …

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed
3 months, 2 weeks ago

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed

Hindustan Times  

MUMBAI: An Enforcement Directorate pan-India probe into multi-crore online scams, in which investors were trapped into investing in stock markets through fake mobile apps, has revealed that the accused employed a maze of 200-plus shell firms to acquire and then divert the proceeds of crime. The agency’s money trail in the case revealed that the fraudsters allegedly incorporated over 200 …

ED conducts searches in ₹118-crore fraudulent contracts case in Assam
3 months, 4 weeks ago

ED conducts searches in ₹118-crore fraudulent contracts case in Assam

The Hindu  

The Enforcement Directorate has conducted searches in connection with the alleged fraudulent award of contracts worth about ₹118 crore from 2013 to 2016 by misappropriation of funds collected as cess for the welfare of construction workers in Assam. In the case being probed under the Prevention of Money Laundering Act, the agency has seized several documents and also attached properties …

₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED
4 months ago

₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED

Hindustan Times  

Mumbai: The Enforcement Directorate’s money-laundering probe in connection with the ₹494-crore fraud Shivajirao Bhosale Sahakari Bank in Pune, has revealed that the key managerial accused persons of the bank allegedly utilised disbursed loan amounts for their own benefit by giving approvals to irregular loan cases, thereby resulting in 97% of such loan cases turning into Non-Performing Assets, causing loss of …

ED arrests former Pune ZP chairman in ₹494cr bank fraud case
4 months ago

ED arrests former Pune ZP chairman in ₹494cr bank fraud case

Hindustan Times  

MUMBAI: Former chairman of Pune zilla parishad Mangaldas Bandal has been arrested by the Enforcement Directorate in connection with an alleged ₹494-crore fraud at Pune’s Shivajirao Bhosale Sahakari Bank. Earlier on Tuesday, the ED seized cash worth ₹25 lakh and froze fixed deposits worth ₹50 lakh during searches conducted at Bandal’s premises. ED’s investigation revealed that several persons had committed …

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody
4 months, 1 week ago

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody

Hindustan Times  

The additional sessions court here on Monday sent former Punjab food and civil supplies and consumer affairs minister Bharat Bhushan Ashu to judicial custody in connection with an alleged ₹2,000-crore foodgrain transportation-linked money-laundering case. Bharat Bhushan Ashu Ashu, who was arrested by the ED on August 1, had been in the central agency’s custody since August 2. In August last …

Bengaluru techie couple loses ₹1.53 crore in investment scam, cops recover ₹1.4 crore: Report
4 months, 3 weeks ago

Bengaluru techie couple loses ₹1.53 crore in investment scam, cops recover ₹1.4 crore: Report

Hindustan Times  

In an exceptional breakthrough, the east division cybercrime police in Bengaluru have dismantled an online investment scam and recovered ₹1.4 crore out of ₹1.53 crore stolen from a Banaswadi-based software engineer couple earlier this year, The Hindu reported. So far this year, out of over 600 cases registered at the east CEN police station, 45 per cent have involved investment …

Bengaluru cybercrime police recover ₹1.4 crore of the ₹1.53 crore robbed from software engineer couple in investment scam case
4 months, 3 weeks ago

Bengaluru cybercrime police recover ₹1.4 crore of the ₹1.53 crore robbed from software engineer couple in investment scam case

The Hindu  

In a rare case, the east division cybercrime police cracked an online investment racket and managed to recover ₹1.4 crore out of the total ₹1.53 crore which had been robbed from a software engineer couple at Banaswadi in March this year. “For every cybercrime case, the investigating team follows three rules: trailing the money transaction and blocking the accounts, getting …

Nainital Bank’s server hacking: Police freeze ₹1.90 crore across India
4 months, 3 weeks ago

Nainital Bank’s server hacking: Police freeze ₹1.90 crore across India

Hindustan Times  

Noida: The cybercrime branch police of Noida has got over ₹1.90 crore frozen in various banks located across the country in connection with a Nainital bank’s server hack case in which some unidentified accused allegedly siphoned off ₹16.71 crore in 84 transactions using the bank manager’s credential between June 16 to 20, officers said on Friday. Apart from the frozen …

Wave of financial fraud cases hits Chandigarh
5 months, 3 weeks ago

Wave of financial fraud cases hits Chandigarh

Hindustan Times  

The city has recorded a spate of financial fraud cases recently, with multiple FIRs being filed across various police stations. Ravi Kumar from Maloya Colony complained that Ashish, Vivek, Vikram and Sumit Chauhan took money from him by falsely promising him a job as a peon in the Chandigarh municipal corporation. Praween Kumar, chief manager at Indian Bank, Sector 17-B, …

Indians report nearly 800 online financial fraud cases a day, are you protected? Report
5 months, 4 weeks ago

Indians report nearly 800 online financial fraud cases a day, are you protected? Report

Hindustan Times  

Nearly 800 online financial frauds are reported in India every day, the Times of India reported. While the Reserve Bank of India had reported 29,082 card & digital payment fraud cases with each worth above ₹1 lakh in the financial year 2023-24, the actual number goes up to about 2.9 lakh cases for the year, or 800 cases a day, …

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case
5 months, 4 weeks ago

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case

Deccan Chronicle  

New Delhi: Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the ED as part of a money laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of Rs 600 crore through a Ponzi scheme.The federal agency said on Sunday that the action was …

ED attaches ₹4,440-crore assets in illegal mining case in U.P.
6 months, 1 week ago

ED attaches ₹4,440-crore assets in illegal mining case in U.P.

The Hindu  

The Enforcement Directorate has provisionally attached 121-acre land and building of Glocal University in Saharanpur district of Uttar Pradesh, currently worth about ₹4,440 crore, belonging to the Abdul Waheed Educational and Charitable Trust in connection with an illegal mining case, said the agency on Friday. The properties are registered in the name of Abdul Waheed Educational and Charitable Trust, which …

ED seizes 19.50 kg gold linked to ₹4,978-crore cyber fraud case
7 months, 2 weeks ago

ED seizes 19.50 kg gold linked to ₹4,978-crore cyber fraud case

The Hindu  

The Enforcement Directorate has seized 19.50 kg of gold worth over ₹14 crore from a bank locker linked to an alleged cybercriminal who is one of the masterminds of a syndicate that transferred abroad about ₹4,978 crore raised through various cybercrimes and online gaming platforms during 2020-24. In February-March, while probing the online gaming companies/websites incorporated in small island nations …

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