News Muncher - category bank accounts

2 weeks, 3 days ago

What is MuleHunter.AI, RBI’s new tool to detect mule account frauds?

Reserve Bank of India Governor Shaktikanta Das has introduced an artificial intelligence/machine learning-based model called MuleHunter.AI. It is a tool designed to efficiently identify and detect mule bank accounts, which are often used in financial fraud schemes, like money laundering There has been a worrying increase in mule accounts in India. MuleHunter.AI It is a tool designed to efficiently identify …

India Fraud Financial Indian Bank According Cent

2 weeks, 4 days ago

EPFO extends deadline for UAN activation and linking bank a/c to Aadhaar for ELI scheme benefits to Dec 15

Live Mint

EPFO has extended the deadline for UAN activation and seeding bank accounts with Aadhaar for availing the benefits under ELI scheme till Dec 15. In the latest circular dated December 4, Employees Provident Fund Organisation has issued directions to all employers that the earlier circular stands modified. Extension of timeline "The competent authority has granted an extension of timeline from …

Aadhaar Bank Bank Accounts Account Epfo Dec Eli

2 weeks, 6 days ago

RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly

India TV News

The Reserve Bank of India has directed banks to take immediate action to reduce the number of inoperative or frozen accounts and report their status quarterly. Banks urged to prioritise customer convenience Asking banks to take an "empathetic view" in such cases, the notification said banks may also organise special campaigns for facilitating the activation of inoperative/frozen accounts. "Reportedly, there …

Rbi Customer Accounts Frozen Kyc Such Accounts Inoperative

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 …

India Money Victim Bank Case Told Lakh

Bank accounts of Hindu monk, 16 others linked to Iskcon frozen in Bangladesh

India Today

Bangladesh authorities have ordered the freezing of bank accounts of 17 people associated with the Hindu spiritual organisation Iskcon, including the recently arrested monk Chinmoy Krishna Das. The bank accounts have been frozen for 30 days on the orders of the Bangladesh Financial Intelligence Unit, and directives have been issued to various banks, news agency PTI reported. According to the …

Bangladesh Bank Accounts Iskcon Hindu Monk

3 weeks, 4 days ago

Cyber police arrest Nagpada resident in ₹11 crore online trading fraud

Hindustan Times

MUMBAI: The South Cyber police on Wednesday arrested a 31-year-old Nagpada resident in connection with the online share trading fraud in which a 75-year-old Colaba resident recently lost ₹11 crore. Cyber police arrest Nagpada resident in ₹ 11 crore online trading fraud The arrested accused was identified as Kaif Ibrahim Mansuri, who used to work as a customer relationship executive …

Fraud Bank Trading Complainant Bank Accounts Cyber Account

1 month ago

Accused in 125cr suspicious banking transactions remanded to ED custody

Hindustan Times

MUMBAI: A special Prevention of Money Laundering Act court sent 33-year-old Gujarat resident, Akram Mohammad Shafi, who was arrested by the Enforcement Directorate on Wednesday in connection with a money-laundering probe of banking transactions worth ₹125 crore, to seven days ED custody. Accused in 125cr suspicious banking transactions remanded to ED custody ED’s investigation stems from a police probe against …

Shell Companies Bank Bank Accounts Siraj Accounts Shafi Malegaon

1 month ago

Jobless man caught for providing bank accounts to cyber frauds

Hindustan Times

MUMBAI: An alert bank manager helped the Kurla police to catch a man who was providing bank accounts to various cybercrime gangs. The police said the accused had opened around 35 bank accounts in the Kurla West branch of Punjab National Bank and had got issued visa debit cards for every account to enable the frauds to withdraw money from …

Bank Man Das Bank Accounts Accounts Kurla Cyber Frauds

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 …

Bengaluru Bank Identity Theft Bank Accounts Pan Dilip Ed Refund

1 month ago

UP Police, UPPSC paper leak case: ED nabs two masterminds, credits and cash deposits observed in bank accounts of duo

Hindustan Times

The Directorate of Enforcement, Lucknow has arrested the two masterminds of the Uttar Pradesh Police constable recruitment exam paper leak and the state's Public Service Commission's RO/ARO exam paper leak case, the agency said in a release on Tuesday, The Directorate of Enforcement, Lucknow has arrested the two masterminds of the Uttar Pradesh Police constable recruitment exam paper leak and …

Exam Recruitment Lucknow Paper Bank Accounts Leak Up Police

Chinese man arrested in Delhi for cybercrime, bank account features in 17 cases of fraud totalling over 100 crores

Op India

Shahdara Cyber Police Station in the national capital has arrested a Chinese national, Fang Chenjin, in connection with a major cyber fraud case involving the cheating of over Rs. Further investigation revealed that Fang Chenjin is linked to two other significant fraud cases involving cybercrime and money laundering in Andhra Pradesh and Uttar Pradesh.” He further said that there are …

Delhi Fraud Mobile Bank Chinese Bank Accounts Cyber

1 month ago

Surat Police bust cybercrime gang, arrest 3, freeze 281 bank accounts

Hindustan Times

The Surat Cyber Police team busted a cybercrime gang and arrested three of its members. 281 bank accounts were taken hold of and the money was being transferred to Dubai, confirmed Surat Police Commissioner Anupam Singh Gehlot. Speaking to ANI, Gehlot added "In addition to the 281 bank accounts that were taken hold of, several passbooks, debit cards and laptops …

Members Dubai Gehlot Surat 281 Bank Accounts

1 month, 1 week ago

Gang involved in opening bank accounts with fake IDs busted in Bhopal, 7 arrested

India Today

Bhopal Police has busted an interstate gang involved in the creation and distribution of fake Aadhaar cards, PAN cards, bank accounts, and SIM cards across the country, primarily to facilitate fraud, officials said on Saturday. The accused were identified as Shashikant Kumar alias Manish, Sapna alias Sadhna, Ankit Kumar Sahu alias Sunil, Kaushal Mali alias Pankaj, Roshan Kumar, Ranjan Kumar …

Aadhaar Gang Cards Alias Bank Accounts Pan Pan Cards

1 month, 1 week ago

Gang involved in opening bank accounts with fake IDs busted in Bhopal, 7 arrested

India Today

Bhopal Police has busted an interstate gang involved in the creation and distribution of fake Aadhaar cards, PAN cards, bank accounts, and SIM cards across the country, primarily to facilitate fraud, officials said on Saturday. The accused were identified as Shashikant Kumar alias Manish, Sapna alias Sadhna, Ankit Kumar Sahu alias Sunil, Kaushal Mali alias Pankaj, Roshan Kumar, Ranjan Kumar …

Aadhaar Gang Cards Alias Bank Accounts Pan Pan Cards

1 month, 1 week ago

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case

Deccan Chronicle

Mumbai: The Enforcement Directorate on Thursday raided multiple locations in poll-bound Maharashtra and neighbouring Gujarat as part of a money laundering probe against a Malegaon-based trader who allegedly misused bank accounts of various people to carry our transactions worth more than Rs 100 crore. The money laundering case stems from a Malegaon Police FIR filed last week against a local …

Maharashtra Gujarat Bank Bank Accounts Accounts Malegaon Maha

1 month, 1 week ago

'I have been deceiving you… I'm sorry about that': The British politician who was caught faking his own death

BBC

'I have been deceiving you… I'm sorry about that': The British politician who was caught faking his own death Getty Images When John Stonehouse's clothes were found in a pile on Miami Beach on 20 November 1974, many people presumed that the UK Member of Parliament had drowned while swimming – until he turned up alive and well in Australia …

London Personality Australia Political British Miami Getty Images

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 …

Maharashtra Bank Accounts Accounts Malegaon Open Bank

1 month, 2 weeks ago

Wei Wang learns fate over $33m money laundering racket

Daily Mail

A man will spend more than two years behind bars for running a sophisticated $33 million money laundering operation. Wei Wang learnt his fate at Melbourne's County Court on Thursday after pleading guilty to four counts of dealing with money suspected to be proceeds of crime. Wei Wang will spend at least two-and-a-half years behind bars Another $117,000 was discovered …

Wang Bank Accounts Million Money Wei Wang

1 month, 3 weeks ago

As HSBC and NatWest are accused of endangering national security, DANIEL HANNAN asks: When did our banks go woke?

Daily Mail

When did our banks go woke? HSBC and NatWest have been accused of endangering British national security by denying bank accounts to defence suppliers and contractors As the Mail reports today, HSBC and NatWest have been accused of endangering British national security by denying bank accounts to defence suppliers and contractors. Make no mistake, the reluctance of banks to deal …

National Security British Bank Banks Statue Hsbc Bank Accounts

2 months, 3 weeks ago

Mohali court dismisses 8 bail pleas by realtor Jarnail Bajwa

Hindustan Times

A local court on Tuesday dismissed eight bail applications by Mohali-based realtor Jarnail Singh Bajwa in cheating cases registered against him at the NRI police station here. On Tuesday, the court of judicial magistrate of first class Ajit Atri rejected all bail applications filed by realtor Jarnail Bajwa’s counsel. On Tuesday, the court of judicial magistrate of first class Ajit …

Court Punjab Mohali Bajwa Bank Accounts Bail Pleas Judicial Magistrate

3 months, 1 week ago

ED initiates FEMA probe against former Axis fund manager

Hindustan Times

MUMBAI: The Enforcement Directorate on Monday carried out searches as part of its Foreign Exchange Management Act probe against Viresh Joshi, a former fund manager of Axis Mutual Fund, for alleged contravention of the forex rules. Joshi was earlier under the scanner of the Income Tax department in August 2022, when it carried out a search -and-seizure operation at more …

Mumbai Kolkata Fund Joshi Brokers Alleged Bank Accounts

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 …

India Human Trafficking Bank Companies Fake Sim Allegedly

3 months, 3 weeks ago

GDP growth slows to 15-month low of 6.7% in April-June

The Hindu

India’s economic growth slowed to a 15-month low of 6.7% in April-June 2024-25, mainly due to poor performance of the agriculture and services sectors, government data showed on Friday. Ceiling on net borrowing: Supreme Court to set up five-judge bench to hear Kerala’s plea against Centre Kerala government in the Supreme Court on Friday made an oral mentioning about the …

India Growth Singapore Justice Kerala Supreme Court Salman Khan

3 months, 3 weeks ago

ED raids 9 locations in Delhi, Gurugram in Fairplay App case

Hindustan Times

MUMBAI: The Enforcement Directorate’s Mumbai zonal unit on Tuesday conducted searches at nine fintech firms in Delhi, Gurugram, and Haryana as part of its money-laundering investigation into mobile applications, including the Fairplay app, for the illegal streaming of cricket, including a few Indian Premier League matches in 2023 and online betting on 2024 Lok Sabha election results. ED’s probe against …

Mumbai Indian Bank Betting App Allegedly Fir

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Articles for Bank Accounts

What is MuleHunter.AI, RBI’s new tool to detect mule account frauds?

EPFO extends deadline for UAN activation and linking bank a/c to Aadhaar for ELI scheme benefits to Dec 15

RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly

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

Bank accounts of Hindu monk, 16 others linked to Iskcon frozen in Bangladesh

Cyber police arrest Nagpada resident in ₹11 crore online trading fraud

Accused in 125cr suspicious banking transactions remanded to ED custody

Jobless man caught for providing bank accounts to cyber frauds

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

UP Police, UPPSC paper leak case: ED nabs two masterminds, credits and cash deposits observed in bank accounts of duo

Chinese man arrested in Delhi for cybercrime, bank account features in 17 cases of fraud totalling over 100 crores

Surat Police bust cybercrime gang, arrest 3, freeze 281 bank accounts

Gang involved in opening bank accounts with fake IDs busted in Bhopal, 7 arrested

Gang involved in opening bank accounts with fake IDs busted in Bhopal, 7 arrested

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case

'I have been deceiving you… I'm sorry about that': The British politician who was caught faking his own death

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

Wei Wang learns fate over $33m money laundering racket

As HSBC and NatWest are accused of endangering national security, DANIEL HANNAN asks: When did our banks go woke?

Mohali court dismisses 8 bail pleas by realtor Jarnail Bajwa

ED initiates FEMA probe against former Axis fund manager

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

GDP growth slows to 15-month low of 6.7% in April-June

ED raids 9 locations in Delhi, Gurugram in Fairplay App case