All posts tagged: defrauded

How NRI couple lost ₹14 crore to 16-day digital arrest scam| India News

How NRI couple lost ₹14 crore to 16-day digital arrest scam| India News

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An elderly couple in New Delhi was forced to stay confined inside their home and forced to cut contact with anyone after being convinced of being probed in a money laundering case. Little did they know that they were being defrauded under a “digital arrest” scam and before they realised what was happening, they were out of nearly ₹14 crore. Delhi’s Greater Kailash elderly couple duped of nearly ₹14 crore in “digital arrest” (Screengrab from X/@PTI_news) Fraudsters used an elaborative ruse to keep the couple trapped digitally. From have a fake officer make a video call to allegations of there being multiple complaints against the woman’s phone number being used for illegal activities, the accused used everything possible to dupe the couple out of crores. The couple, identified as 81-year-old Om Taneja and 77-year-old Indira Taneja, both doctors, who returned to India from the US in 2015, reside in Delhi’s Greater Kailash II. A phone call, then a 16-day ‘arrest’ The ordeal began on Christmas eve, December 24, as Indira received a phone call from …

Restitution to defrauded investors back in spotlight | Latest News India

Restitution to defrauded investors back in spotlight | Latest News India

Published by Parlour News

On Saturday, the same day diamantaire Mehul Choksi was arrested in Belgium at India’s request, Union minister of state for finance Pankaj Chaudhary in New Delhi, handed over a bank demand draft of ₹515.31 crore to Justice (retired) DK Seth. The latter is chairman of the Calcutta high court–appointed Asset Disposal Committee, and the money will be used to pay back defrauded investors in the over ₹17,520 crore Rose Valley Ponzi scam that has its roots in multiple states. Fugitive Indian businessman Mehul Choksi was arrested by Belgium’s Law Enforcement authorities, acting on the request of the Central Bureau of Investigation (CBI) recently. (ANI) The recipients of this money will include 7.5 lakh people across the country who were duped by the Rose Valley Group that promised gullible investors land parcels and time share in hotels. Following investigation by the Enforcement Directorate 3.1 million claims were registered with the high court-appointed Asset Disposal Committee. While the ₹515.31 crore recovered is a relatively small amount, for Rahul Navin, director ED, the recovery was yet another step …

Delhi woman defrauded of Rs 58,500 by cyber cheat posing as CBI officer | Delhi News

Delhi woman defrauded of Rs 58,500 by cyber cheat posing as CBI officer | Delhi News

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The Delhi Police on Saturday arrested a man from Rajasthan who allegedly defrauded a 19-year-old woman of Rs 58,500 by posing as a Central Bureau of Investigation (CBI) officer. The accused, Yusuf Khan, held her in “digital arrest” linked to a fake money laundering case, the police said. Ravi Kumar Singh, Deputy Commissioner of Police (Southeast Delhi), said that the woman from East of Kailash reported a “digital arrest” case in October. “The complainant said that she had received an initial call from a man claiming to be from the head office of State Bank of India (SBI), notifying her of a credit card issued in her name from the bank’s Sultan Bazaar branch in Hyderabad. Subsequently, she was contacted by another person, who allegedly impersonated a CBI officer,” said DCP Singh. The victim further said the fraudster claimed that the SBI card issued in her name was being used in a money laundering case and held her in “digital arrest”. Under duress, the victim transferred Rs 58,500 to the fraudster’s account in two transactions, …

Mumbai Woman, 77, Kept Under Digital Arrest For A Month, Defrauded Of Rs 3.8 Crore

Mumbai Woman, 77, Kept Under Digital Arrest For A Month, Defrauded Of Rs 3.8 Crore

Published by Webster

The accused returned the Rs 15 lakh transferred by the woman, to gain her trust. (Representational) Mumbai: A 77-year-old woman from Mumbai was kept under “digital arrest” for a month by cyber fraudsters who posed as law enforcement officials and made her transfer Rs 3.8 crore, claiming her Aadhaar card was used in a money laundering case. The woman’s ordeal began a month ago when an unknown man made a WhatsApp call and told the victim that a parcel sent by her to Taiwan contained MDMA drugs, five passports, a bank card, and clothes. When the homemaker, who lives with her retired husband in south Mumbai, told the caller that she didn’t send any parcel, the person said details of her Aadhaar card were used in the crime, a police official said on Wednesday. The caller then connected the woman to a “Mumbai Police officer” who told her that her Aadhaar card was linked to a money laundering case under investigation. “The caller asked the woman to download the Skype app and told her that …

Over 8k investors out of 13k get back money lost in Jignesh Shah’s NSEL scam | Latest News India

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The government has already returned ₹1,220 crore out of ₹3,255 crore defrauded from 13,000 investors in the Jignesh Shah-run National Spot Exchange Ltd (NSEL) fraud case and is making efforts to quickly return the rest, people familiar with the matter said. Jignesh Shah, was a chairman and executive director of FTIL, and promoter director and vice-chairman of NSEL.(HT File) The defrauded money was recovered by the Enforcement Directorate (ED), which has led to refunding the full amounts to 8,430 out of 13,000 investors, they said, requesting anonymity. In all, ₹1,220 crore out of ₹3,255 crore proceeds of crime identified and attached by the financial crimes probe agency have been refunded. Unlock exclusive access to the story of India’s general elections, only on the HT App. Download Now! Read here: Investors’ group allowed to intervene in NSEL case “The competent authority has directed all agencies, including the ED, to make conscious efforts for expeditious return of confiscated assets to their legitimate owners,” an official in the finance ministry said. The NSEL scam, which came to light …