All posts tagged: banking fraud

72-year-old retired nurse loses Rs 90 lakh after falling victim to scam in Maharashtra’s Nagpur

72-year-old retired nurse loses Rs 90 lakh after falling victim to scam in Maharashtra’s Nagpur

Published by Webster

A 72-year-old retired nurse from Maharashtra’s Nagpur was allegedly cheated of Rs 90.65 lakh by cyber fraudsters who kept her under a so-called “digital arrest” for several weeks, police said on Sunday, reported the PTI. The victim, a resident of the Jaripatka area, was reportedly threatened and manipulated through fake law enforcement proceedings conducted over video calls. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

ED arrests ex-IDFC employees for embezzlement of public fund worth Rs 645 crore

ED arrests ex-IDFC employees for embezzlement of public fund worth Rs 645 crore

Published by Webster

The Enforcement Directorate (ED) has arrested two ex-employees of IDFC First Bank in connection with an ongoing money laundering investigation into the Rs 645 crore public fund embezzlement case. ED’s Chandigarh zonal office arrested Ribhav Rishi and Abhay Kumar, the two ex-employees of IDFC bank, on May 11 under the Prevention of Money Laundering Act (PMLA), 2002. After arresting both Ribhav and Abhay under Section 19 of PMLA, 2002, they were produced before a special PMLA court, which granted 10 days ED custody of both the accused till May 21. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Enforcement Directorate | Returning the booty

Enforcement Directorate | Returning the booty

Published by Webster

For 57-year-old Somnath Chakraborty, employee of a private sector company in Kolkata, the promise of annual returns of more than 12 per cent enticed him to invest nearly Rs 2 lakh in a chit fund scheme floated by the Rose Valley Group in 2010. Like him, some three million small investors poured their hard-earned savings into the scheme, before the Central Bureau of Investigation (CBI) launched an inquiry and declared it fraudulent in 2015. The Directorate of Enforcement (ED), the central agency responsible for investigating money laundering and terror financing, also stepped in. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Maharashtra Loses Rs 7,634 Crore to Cyber Frauds in One Year, Pune Reports Highest Losses

Maharashtra Loses Rs 7,634 Crore to Cyber Frauds in One Year, Pune Reports Highest Losses

Published by Webster

Last Updated:March 06, 2025, 09:05 IST A total of 8,947 cybercrime cases were registered across the state in 2024, indicating a sharp rise in digital fraud. Pune recorded the highest financial losses amounting to Rs 6,707 crore, while Mumbai reported the highest number of cases, with 4,849 complaints filed. During the ongoing budget session of the Maharashtra Legislative Assembly, cyber fraud cases became a key topic of discussion. (Representational Image: Shutterstock) Cyber fraud is emerging as a major threat in Maharashtra, with financial scams reaching an alarming Rs 7,634 crore in the past year. A total of 8,947 cybercrime cases were registered across the state in 2024, indicating a sharp rise in digital fraud. Pune recorded the highest financial losses amounting to Rs 6,707 crore, while Mumbai reported the highest number of cases, with 4,849 complaints filed. This information was revealed in the Maharashtra Legislative Assembly on Tuesday in response to a starred question. The data presented in the Assembly highlights the scale of financial deception taking place through online platforms, banking fraud, and digital …