Four Arrested for ₹24 Crore Investment Scam Targeting 120 Investors
1 month, 4 weeks ago

Four Arrested for ₹24 Crore Investment Scam Targeting 120 Investors

The Hindu  

Four persons were arrested for a ₹24 crore investment scam targeting 120 investors in Hyderabad. The gang, led by directors of Squares and Yards Infra Pvt Ltd and Ad Avenues Pvt Ltd, lured the victims with their buyback scheme, promising monthly returns for 100 months. However, after collecting money from the victims, they shut down the company and paid monthly returns for a short period before disappearing with the money.

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History of this topic

TN Cyber Crime Investigation Centre arrest four for Rs 1.65 crore online scam
5 days, 18 hours 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, …

Property Fraud In Delhi NCR 'Alarmingly Prevalent': Punjab & Haryana HC Rejects Anticipatory Bail Plea Of Man Booked For Duping Buyer Of ₹2 Crore
6 days, 12 hours ago

Property Fraud In Delhi NCR 'Alarmingly Prevalent': Punjab & Haryana HC Rejects Anticipatory Bail Plea Of Man Booked For Duping Buyer Of ₹2 Crore

Live Law  

Observing that property frauds are "alarmingly prevalent" in Delhi-NCR, the Punjab & Haryana High Court has dismissed the anticipatory bail plea of a man accused of duping crores by falsely claiming ownership of land at a prime location in Noida.It was alleged that the accused took Rs.2 crores by falsely claiming ownership of a prime parcel of land in Noida, …

Gujarat police bust cyber fraud network, arrest eight as Rs 50 crore routed through 42 bank accounts
1 week ago

Gujarat police bust cyber fraud network, arrest eight as Rs 50 crore routed through 42 bank accounts

India TV News  

The Gujarat police have succeeded in exposing an elaborate so-called underground network that had run several accounts for parking cyber fraud money and arrested eight individuals. The inspection of 42 out of approximately 200 suspect bank accounts revealed an astonishing amount, which is around Rs 50 crore deposited from cyber scam victims. The admission of the principal accused in Ahmedabad …

Cyber fraud: Lucknow police recover, return ₹19 lakh to online scam victim
Trending News
1 week, 2 days ago

Cyber fraud: Lucknow police recover, return ₹19 lakh to online scam victim

Hindustan Times  

LUCKNOW The cybercrime cell of the Lucknow police on Saturday helped a state capital resident Amit Gupta get back ₹19 lakh out of ₹ 28.7 lakh that he lost in a cyber fraud on the promise of earning huge profits from trading in the stock market between May and July earlier this year. The cyber frauds, impersonating as representatives of …

ED files prosecution complaint against Sahiti Infratec Ventures for Rs 842 crore fraud
1 week, 3 days ago

ED files prosecution complaint against Sahiti Infratec Ventures for Rs 842 crore fraud

New Indian Express  

HYDERABAD: Directorate of Enforcement, Hyderabad Zonal office has filed a Prosecution Complaint before the MSJ Court, Hyderabad against M/s Sahiti Infratec Ventures India Pvt. The agency initiated the investigation on the basis of an FIR registered by Telangana Police under IPC, 1860 against SIVIPL, B Lakshminarayan and others for advertising a “Pre-Launch Offer” for the construction of a world-class residential …

Man held for ₹52.11 lakh share market scam
2 weeks, 3 days ago

Man held for ₹52.11 lakh share market scam

The Hindu  

Thoothukudi cyber wing police have arrested a man from Kerala on charges of defrauding ₹52.11 lakh through share market trading scam via whatsapp. According to the police, the complainant, from KTC Nagar received a message in WhatsApp stating that money could be earned with huge profit through share market trading. The victim clicked the link and downloaded the application called …

Kerala High Court Directs ED To Probe Alleged Fraud Of ₹24 Crore In Edamulackal Co-Operative Bank
2 weeks, 3 days ago

Kerala High Court Directs ED To Probe Alleged Fraud Of ₹24 Crore In Edamulackal Co-Operative Bank

Live Law  

The Kerala High Court on Wednesday ordered, the Enforcement Directorate to register a case against all the persons involved in the Edamulackal Co-operative Bank Fraud. The Court directed ED to register a case against all the persons involved for misappropriation, breach of trust, cheating as well as offences under the PC Act. The Court asked the Home Secretary and Additional …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
2 weeks, 4 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 …

Delhi police crackdown on cyber fraud racket
2 weeks, 5 days ago

Delhi police crackdown on cyber fraud racket

New Indian Express  

NEW DELHI: Delhi Police has dismantled a major racket of cybercriminals who defrauded people to the tune of nearly Rs 20 crore by creating fake identity documents of non-existent individuals, established shell companies, opened current bank accounts, and rented out these accounts for fraudulent purposes. This syndicate had been providing access to multiple current bank accounts to unknown cyber fraudsters …

Gurugram cops bust cybercrime ring that duped ₹74cr across India
2 weeks, 6 days ago

Gurugram cops bust cybercrime ring that duped ₹74cr across India

Hindustan Times  

The Gurugram police have arrested eight cybercriminals accused of defrauding 7,719 victims across India of ₹74.2 crore over the last 6-8 months, officials said on Monday. The arrested suspects include Lakshya Kumar, Amrit Pal, and Chetan Kumar, apprehended on October 15 and 16; Kanishk Pratap of Hisar on October 23; Zakaria Khan of Nuh on October 27; Sunil Kumar of …

Hyderabad man duped of Rs 8 crore by fraudsters posing as stock traders
3 weeks, 1 day ago

Hyderabad man duped of Rs 8 crore by fraudsters posing as stock traders

India Today  

Cyber Crime Police Station of the Telangana Cyber Security Bureau has arrested two individuals involved in a stock trading fraud that duped a man of Rs 8.14 crore in Hyderabad, officials said on Sunday. The incident came to light on October 21 when a resident of Hyderabad's Banjara Hills filed a complaint alleging that he had been lured into a …

Woman scammed of 26.33 lakh by ‘CJI Chandrachud’ in ‘digi-arrest’ case
Trending News
3 weeks, 1 day 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 …

'Digital Arrest' scam wipes out life savings of 90-year-old in Gujarat: Here's what happened
3 weeks, 3 days ago

'Digital Arrest' scam wipes out life savings of 90-year-old in Gujarat: Here's what happened

Live Mint  

In an unfortunate incident of yet another 'digital arrest' scam, a 90-year-old man in Surat, Gujarat, was defrauded of his entire life savings of over ₹1 crore. The elderly victim, a stock market trader, was duped by fraudsters posing as officers from the Central Bureau of Investigation, who alleged his involvement in a drug trafficking and money laundering racket, reported …

Man Held for Swindling Over ₹2.79 Cr in Chit Fund Scam
3 weeks, 5 days ago

Man Held for Swindling Over ₹2.79 Cr in Chit Fund Scam

Deccan Chronicle  

Hyderabad:The Cyberabad economic offences wing police arrested Appampally Surya Pratap Reddy of Chandanagar for allegedly swindling one Nasar khan of over `2.79 crore in a chit fund scam. Man Steals From Relative’s Shop Hyderabad:The Mangalhat crime team police arrested two persons for a theft of `17.50 lakh worth kitchen hardware. Cops Arrest Duo With 18kg Ganja Hyderabad: The Government Railway …

₹19.20 crore ration scam: Crime branch files charge-sheet against 13 ex-officers
1 month ago

₹19.20 crore ration scam: Crime branch files charge-sheet against 13 ex-officers

Hindustan Times  

Crime Branch, on Thursday, filed charge-sheet against 13 former officers, including the then nine assistant directors, two chief account officers and two tehsil supply officers in a major ration scam to the tune of ₹19.20 crore. ₹ 19.20 crore ration scam: Crime branch files charge-sheet against 13 ex-officers The scam was committed in Jammu rural in 2002, 2003, 2005 and …

STF arrests four for ₹5 crore loan fraud
1 month ago

STF arrests four for ₹5 crore loan fraud

Hindustan Times  

The Uttar Pradesh Special Task Force on Tuesday arrested four individuals involved in a major banking fraud, where they used fake documents to secure home loans from multiple banks and housing finance companies. The accused are alleged to have defrauded these institutions of over ₹ 5 crore The arrested fraudsters—identified as Arif, Wasil, Shiv Pratap Singh, and Arpit Srivastava—used fake …

Digital arrest: Man from Assam held for swindling Rs 92 lakh
1 month ago

Digital arrest: Man from Assam held for swindling Rs 92 lakh

New Indian Express  

CHENNAI: A 38-year-old man from Assam was arrested by the cyber crime wing of the Central Crime Branch Chennai on charges of swindling Rs 92 lakh from a central government employee in a digital arrest scam. The caller claimed that the victim’s Aadhaar-linked mobile number was involved in money laundering and an arrest warrant was issued against him. The police …

Gang behind ‘digital arrest’ busted, 2 held
1 month ago

Gang behind ‘digital arrest’ busted, 2 held

Hindustan Times  

Punjab Police have arrested two Assam-based men for their alleged involvement in cases of “digital fraud”. Digital arrest refers to a cyber scam where fraudsters, posing as law enforcement officials, deceive victims into believing they have committed a serious crime and must stay visible online until their demands are met, exploiting fear to extort money. The matter came to light …

Over 10 People Falling Prey to Scammers in Vizag Every Day
1 month 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 …

Person Arrested in Chandrayangutta for Stealing Property Worth Rs 1.45 Lakh
1 month, 1 week ago

Person Arrested in Chandrayangutta for Stealing Property Worth Rs 1.45 Lakh

Deccan Chronicle  

Hyderabad: The Kalapathar police on Friday arrested one Mohammed Noorullah Hussain of Chandrayangutta for allegedly breaking into a house and stealing property worth Rs 1.45 lakh on November 14. Man Arrested for Stealing Valuables from Four Houses, Property Worth Rs 10 Lakh Recovered Hyderabad: The Karkhana police on Saturday said that they had arrested Yerpula Galva Kalyan Kumar, 30, of …

Cyber fraudsters pose as cops, con 73-yr-old of ₹24L in Ludhiana
1 month, 1 week ago

Cyber fraudsters pose as cops, con 73-yr-old of ₹24L in Ludhiana

Hindustan Times  

Unidentified cyber fraudsters posing as cops allegedly duped a retired Merchant Navy engineer of ₹24.2 lakh, officials said. They said the fraudsters put up an elaborate hoax, claiming the victim was implicated in child pornography and money laundering cases. Singh said that despite his initially resistance, he was persuaded after the fraudsters staged a convincing video call. The caller said …

Eight arrested in Mumbai share trading scam involving illegal SIM cards
1 month, 1 week ago

Eight arrested in Mumbai share trading scam involving illegal SIM cards

Hindustan Times  

Mumbai: The Mumbai Central cyber police have arrested eight individuals, including six mobile service provider employees and two shopkeepers, in connection with a cyber fraud scheme that deceived numerous people through fraudulent share market investments. The Mumbai Central cyber police have arrested eight individuals, including six mobile service provider employees and two shopkeepers, in connection with a cyber fraud scheme. …

Two held on charge of cheating retired engineer of over ₹75 lakh in Kochi
1 month, 1 week ago

Two held on charge of cheating retired engineer of over ₹75 lakh in Kochi

The Hindu  

Two persons were arrested by the Palarivattom police on charge of cheating a retired engineer to the tune of over ₹75 lakh by promising him huge profits by way of online trading. According to the police, the accused got in touch with the Palarivattom-based retired engineer over WhatsApp introducing themselves as officials of a reputed online trading company in August. …

Chandigarh: Haryana man arrested for ₹1.32-crore real estate fraud
1 month, 1 week ago

Chandigarh: Haryana man arrested for ₹1.32-crore real estate fraud

Hindustan Times  

Police have arrested a 48-year-old Faridabad resident in connection with a fraudulent real estate scheme where he allegedly cheated a Chandigarh-based family of over ₹1.32 crore. According to the complaint filed by Vikram Sharma and his mother Vijay Sharma, the accused Anuj Dang and his other accomplices allegedly lured them into investing large sums of money in a real estate …

Bengaluru man arrested for running inter-state cyber scam racket, defrauding several of ₹2.3 crore: Report
Trending News
1 month, 2 weeks ago

Bengaluru man arrested for running inter-state cyber scam racket, defrauding several of ₹2.3 crore: Report

Hindustan Times  

A Bengaluru resident identified as Kumar Utlasar, aged 50, was arrested by the Goa Police cyber crime cell over an alleged investment scam involving ₹2.3 crore. Bengaluru has seen several cyber crime and cyber fraud related incidents of late, including courier scams, stock investment scams, and digital arrests. SP Rahul Gupta from the crime branch spoke to reporters about the …

Online trading fraud: Three men from Coimbatore and Namakkal arrested
1 month, 2 weeks ago

Online trading fraud: Three men from Coimbatore and Namakkal arrested

The Hindu  

The Cyber Crime Wing of the Tamil Nadu Police arrested three men from Coimbatore and Namakkal districts on charges of cheating several people by coaxing them to transfer money on the false promise of high returns on investments in an online trading scheme. On July 19, a complainant from Madurai reported that he was defrauded of ₹92 lakh after he …

Hyderabad: 100 Scammed in Job Visa Fraud; 2 Arrested
1 month, 2 weeks ago

Hyderabad: 100 Scammed in Job Visa Fraud; 2 Arrested

Deccan Chronicle  

Hyderabad: Two residents of Bachupally were arrested on Wednesday for their alleged role in a job visa racket which duped 100 people of Rs 5 crore in the name of a fake company Abroad Study Plan Educational Consultancy. The arrested persons Ganta Sunil Kumar and Chikati Navyyasri have been remanded in judicial custody. Kamalakar, a native of Karimnagar, who said …

Real Estate Scam: Man Arrested for Forging Documents to Conish ₹1.7 Crore
Trending News
1 month, 3 weeks ago

Real Estate Scam: Man Arrested for Forging Documents to Conish ₹1.7 Crore

The Hindu  

A man has been arrested for defrauding two investors to the tune of ₹1.7 crore in a real estate scam. The accused, Udandapuram Narsimlu, introduced himself as an employee at the Shivampet Tahsildar office and assured the investors that he was in line for a promotion. He also assured them that he will provide the land to construct a temple. …

24 Arrested in Rs 6.28 Crore Cyber Fraud Case: How the Modus Operandi Was Exposed
1 month, 3 weeks ago

24 Arrested in Rs 6.28 Crore Cyber Fraud Case: How the Modus Operandi Was Exposed

New Indian Express  

24 people involved in a Rs 6.28 crore cyber fraud case have been arrested by the Crime Branch of Odisha Police. The fraudsters were identified after they were lured into a WhatsApp trading group and invested heavily in shares. The group admin allowed them to withdraw a portion of their investment, but they were subsequently removed from the group and …

Six men nabbed for swindling Rs 10 lakh from private company
1 month, 3 weeks ago

Six men nabbed for swindling Rs 10 lakh from private company

New Indian Express  

CHENNAI: Six men were arrested by South Zone Cyber Crime police in Chennai on Friday for allegedly swindling Rs 10 lakh from a private company under the pretext of converting their money to USDT, a form of cryptocurrency with a stable price, at cheaper rates. Police identified the suspects as S Aswanth of Madurai, Mohammed Ismayil Parvesh of Karur district, …

Three Arrested for Attempting to Siphon Off ₹5 Lakh
1 month, 4 weeks ago

Three Arrested for Attempting to Siphon Off ₹5 Lakh

The Hindu  

Three individuals were arrested for attempting to siphon off ₹5 lakh. One of the individuals, Samuel, was employed by a firm to load cash into ATMs, while the other two were private security men. Only ₹10 lakh was found in a cash bag containing ₹15 lakh, suggesting that the rest of the money was lost.

Four Arrested for Swindling ₹24 Crore From 120 Investors in Hyderabad
1 month, 4 weeks ago

Four Arrested for Swindling ₹24 Crore From 120 Investors in Hyderabad

Deccan Chronicle  

Four persons have been arrested for swindling ₹24 crore from 120 investors in Hyderabad. The accused, including Byra Chandra Shekar, Vemulapally Jahnvi, Garimella Venkata Akhil and Reddipalli Krishna Chaitanya, established an office named Squares and Yards Pvt Ltd on the 8th floor, Block-810, Manjeera Trinity corporate in Kukatpally and relocated to Kavuri Hills, Jubilee Hills. They assured investors a credit …

Man Accused of ₹2.65 Crore Chit Fund Fraud Arrested in Andhra Pradesh
2 months ago

Man Accused of ₹2.65 Crore Chit Fund Fraud Arrested in Andhra Pradesh

The Hindu  

A man has been arrested in connection with the ₹2.65 crore chit fund fraud in Hyderabad. Malineni Seetha Ramaiah, a resident of Quthubullapur, was arrested by the Cyberabad Economic Offences Wing (EOW) in Nandigama of Andhra Pradesh on Tuesday. Ramaiah was involved in the business for the last 30 years and was well-known among the residents in the area who …

Online Share Trading Scam: 6 Arrested for Duping Investor of ₹14 Crore
2 months ago

Online Share Trading Scam: 6 Arrested for Duping Investor of ₹14 Crore

The Hindu  

Six people have been arrested by the Tamil Nadu Police for running an online share trading scam that duped a person of ₹14 crore. The gang operated through a WhatsApp app and convinced victims to invest in fake share trading opportunities promising high returns. The police have retrieved the money from 13 bank accounts and arrested the first-layer beneficiary ICICI …

Gangsters' Arms Race: 4 Pistols, 5 Magazines, Revolver Found in Gurugram Raid
2 months ago

Gangsters' Arms Race: 4 Pistols, 5 Magazines, Revolver Found in Gurugram Raid

Hindustan Times  

Four pistols, five magazines, a revolver and 35 live cartridges were recovered from the possession of the arrested suspects during a raid in Gurugram. The suspects were arrested from Nakhrola near Sector 81 and are suspected of demanding extortion money from a construction firm and planning to eliminate its owner.

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 …

Man held on charge of online trading fraud
2 months, 3 weeks ago

Man held on charge of online trading fraud

The Hindu  

The Ernakulam Rural police arrested a Karnataka native on September 29 in connection with the alleged defrauding of ₹11.50 lakh from a Kizhakkambalam native after promising him huge profits through online trading. A probe revealed that the fraudsters had ‘purchased’ bank accounts of others and conducted transactions worth lakhs, while the money illegally obtained was converted into Bitcoin. The police …

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”
3 months, 1 week ago

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”

The Hindu  

The Enforcement Directorate has arrested four accused in a case related to cyber fraud of ₹2.60 crore by a person posing as a Central Bureau of Investigation official, who was part of a network involving “Chinese scammers”. “All the four accused were involved in incorporation of shell companies and opening of bank accounts, through which Proceeds of Crime generated from …

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 …

Two defrauded of ₹1.4 crore in Noida in name of stock investment
3 months, 2 weeks ago

Two defrauded of ₹1.4 crore in Noida in name of stock investment

The Hindu  

Two Noida-residents were defrauded of about ₹1.40 crore by cyber thugs by promising huge returns on stock market investments, police said on Monday. Additional Deputy Commissioner of Police Preeti Yadav said the victims include a woman and a man who have filed separate complaints. Ms. Yadav said that Trishala, who lives in the Golf Avenue Society in Sector 75, lodged …

₹2,200 crore ‘online trading’ scam busted in Assam, 38 arrested
3 months, 2 weeks ago

₹2,200 crore ‘online trading’ scam busted in Assam, 38 arrested

The Hindu  

GUWAHATI The Assam police have arrested 38 people from different parts of the State in less than a week for their alleged involvement in an online trading scam believed to be worth at least ₹2,200 crore. The scam, which ran for almost three years, entailed investing money collected from clients in “shares” with a promise to double the investment in …

Puducherry cyber wing bust major online scam
3 months, 3 weeks ago

Puducherry cyber wing bust major online scam

The Hindu  

The Puducherry Cyber Police have busted a multi-crore online scam that duped a large number of unsuspecting investors across India and arrested seven persons in this connection. Investigators believe this to be merely the tip of the iceberg and have already collected details on 1,57,346 potential victims across India through the websites of Global Software Solution, Algo Master trading, and …

Four from Rajasthan arrested for defrauding Coimbatore man of ₹ 9.28 lakh
3 months, 3 weeks ago

Four from Rajasthan arrested for defrauding Coimbatore man of ₹ 9.28 lakh

The Hindu  

Four persons from Rajasthan, who cheated a Coimbatore-based man of ₹9.28 lakh in an online scam, have been arrested by the Coimbatore city cybercrime police. Arun arrested J. Sathyanarayanan, 30, K. Kisan Choudhary, 20, K. Sunil Saran, 23, and P. Sandeep Kumar, 26, from Jodhpur in Rajasthan on August 22. The stranger introduced himself as an executive of an online …

Noida gang that duped people on pretext of investing in crypto busted
3 months, 3 weeks ago

Noida gang that duped people on pretext of investing in crypto busted

Hindustan Times  

Three people were arrested in Noida on Sunday for robbing a Moradabad college student of ₹5 lakh on the pretext of investing his money in cryptocurrency, police said. The suspects were identified as Nishant Chouhan, 25, Gaurav Bhati, 24, and Sagar Bhati, aka Shanky, 25, all residents of Salarpur in Noida Sector 49. The suspects were identified as Nishant Chouhan, …

CEN police arrest two persons from Gujarat for extorting ₹ 1.13 crore from Udupi doctor
3 months, 3 weeks ago

CEN police arrest two persons from Gujarat for extorting ₹ 1.13 crore from Udupi doctor

The Hindu  

The Udupi Cyber Economic and Narcotic Crime police have arrested two persons from Gujarat in connection with the extortion of ₹1.13 crore from a Udupi-based doctor by posing as Customs officials and virtually confining the latter in his house, recently. On July 29, 53-year-old Arun Kumar received a call from a person who claimed to be an officer from Customs, …

Telangana Cybercrime Police Arrest Two in ₹175 Crore Fraud Case
3 months, 4 weeks ago

Telangana Cybercrime Police Arrest Two in ₹175 Crore Fraud Case

Deccan Chronicle  

Telangana Cybercrime officials have arrested two individuals involved in a massive ₹175 crore fraud. The investigation was initiated after the Cyber Security Bureau's data analysis team flagged numerous complaints reported on the National Cybercrime Reporting Portal against six bank accounts in the State Bank of India Shamsheergunj branch. The investigation linked approximately 600 complaints to these accounts.The primary suspect, operating …

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

Delhi man scammed out of ₹11 cr on pretext of selling plot in Greater Noida, 1 arrested
4 months ago

Delhi man scammed out of ₹11 cr on pretext of selling plot in Greater Noida, 1 arrested

Hindustan Times  

The Greater Noida police have arrested a 55-year-old man in connection with a fraudulent land deal that defrauded a Delhi-based businessman of over ₹11 crore. When they inquired about the ownership transfer documents for the Surajpur plot, the accused provided various excuses, claiming that additional fees and approvals were pending. Ahmed, along with seven others, allegedly duped Paras Ram Singhal, …

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