Bank Frauds
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How Mumbai Woman Foiled Scammers Posing As Cops
A 35-year-old woman from Mumbai has managed to turn the tables on some online scammers, when posing as cops, they tried to extract her bank account details.
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What Is MuleHunter.Ai? All About RBI's New Tool To Detect Financial Fraud
The Reserve Bank Innovation Hub (RBIH) has introduced MuleHunter.AI, an advanced AI tool aimed at combating financial fraud by detecting and flagging mule accounts involved in money laundering.
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How Vietnamese Business Tycoon Masterminded World's Biggest Bank Fraud
Truong My Lan, a 68-year-old real estate tycoon, was convicted in April 2024 for using hundreds of ghost companies to control Saigon Commercial Bank and embezzle billions.
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Digital Arrest Scammers Target 90-Year-Old In Gujarat, Cheat Him Of Rs 1 Crore
A 90-year-old man in Gujarat's Surat lost his entire life savings of over Rs 1 crore to fraudsters, who posed as CBI officers and placed him under 'digital arrest' for 15 days.
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Alert SBI Staff Save Senior Citizen From 13-Lakh 'Digital Arrest' Scam
The State Bank of India (SBI) and its staff are often at the receiving end of criticism and the subject of memes such as 'lunch ke baad aana', but a group of alert employees at an SBI branch in Hyderabad saved a senior citizen from fraud
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FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
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How Rajasthan Gang Used UPI To Dupe Hyderabad Electronics Chain Of 4 Crore
Thirteen people have been arrested for allegedly cheating an electronics retail chain in Hyderabad of Rs 4 crore by using UPI as a mode of payment and then lodging a complaint with the bank to reverse the amount
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Supreme Court Grants Bail To Bhushan Steel's Ex Promoter In Rs 46,000 Crore Fraud Case
The Supreme Court on Friday granted bail to Bhushan Steel's former promoter Neeraj Singal in a money laundering case arising from an alleged bank fraud of Rs 46,000 crore.
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In Rs 175 Crore Hyderabad SBI Branch Fraud, "Mule Accounts" Used To Send Money
The manager of a State Bank of India (SBI) branch in Hyderabad and his associates have been arrested in a fraud case worth Rs 175 crore.
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73-Year-Old Woman Loses Rs 2 Lakh To KYC Fraud In Mumbai: Police
A 73-year-old woman was allegedly duped of Rs 2 lakh by cyber fraudsters under the pretext of updating the KYC details of a bank in central Mumbai, police said on Tuesday.
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Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
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Rs 175 Crore, 6 Bank Accounts: 2 Arrested Over Cyber Fraud In Telangana
The Telangana Cyber Security Bureau on Sunday said it has arrested two persons in Hyderabad for their alleged involvement in a Rs 175 crore scam wherein transactions pertaining to cyber fraud was done through six bank accounts.
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Former Bank Of Maharashtra Manager Missing After Rs 17 Crore Scam Surfaces In Kerala
The Vadakara Police in Kozhikode district has registered a case against a former branch manager of the Vadakara branch of the Bank of Maharashtra based on a complaint by the new manager.
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Man Loses Rs 50,000 After Message From Person Posing As Senior Official
A tehsildar was duped of Rs 50,000 when he got a message from a person posing as the district magistrate asking him to send the amount to a bank account on priority, officials said here on Tuesday.
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Economics Graduate Among 3 Arrested For Defrauding Delhi Bank Of Rs 9.5 Lakh
The Delhi Police has arrested three people who allegedly impersonated themselves as owner of a firm and defrauded Rs 9.50 lakh, an officer on Monday said.
-
How Mumbai Woman Foiled Scammers Posing As Cops
A 35-year-old woman from Mumbai has managed to turn the tables on some online scammers, when posing as cops, they tried to extract her bank account details.
-
What Is MuleHunter.Ai? All About RBI's New Tool To Detect Financial Fraud
The Reserve Bank Innovation Hub (RBIH) has introduced MuleHunter.AI, an advanced AI tool aimed at combating financial fraud by detecting and flagging mule accounts involved in money laundering.
-
How Vietnamese Business Tycoon Masterminded World's Biggest Bank Fraud
Truong My Lan, a 68-year-old real estate tycoon, was convicted in April 2024 for using hundreds of ghost companies to control Saigon Commercial Bank and embezzle billions.
-
Digital Arrest Scammers Target 90-Year-Old In Gujarat, Cheat Him Of Rs 1 Crore
A 90-year-old man in Gujarat's Surat lost his entire life savings of over Rs 1 crore to fraudsters, who posed as CBI officers and placed him under 'digital arrest' for 15 days.
-
Alert SBI Staff Save Senior Citizen From 13-Lakh 'Digital Arrest' Scam
The State Bank of India (SBI) and its staff are often at the receiving end of criticism and the subject of memes such as 'lunch ke baad aana', but a group of alert employees at an SBI branch in Hyderabad saved a senior citizen from fraud
-
FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
-
How Rajasthan Gang Used UPI To Dupe Hyderabad Electronics Chain Of 4 Crore
Thirteen people have been arrested for allegedly cheating an electronics retail chain in Hyderabad of Rs 4 crore by using UPI as a mode of payment and then lodging a complaint with the bank to reverse the amount
-
Supreme Court Grants Bail To Bhushan Steel's Ex Promoter In Rs 46,000 Crore Fraud Case
The Supreme Court on Friday granted bail to Bhushan Steel's former promoter Neeraj Singal in a money laundering case arising from an alleged bank fraud of Rs 46,000 crore.
-
In Rs 175 Crore Hyderabad SBI Branch Fraud, "Mule Accounts" Used To Send Money
The manager of a State Bank of India (SBI) branch in Hyderabad and his associates have been arrested in a fraud case worth Rs 175 crore.
-
73-Year-Old Woman Loses Rs 2 Lakh To KYC Fraud In Mumbai: Police
A 73-year-old woman was allegedly duped of Rs 2 lakh by cyber fraudsters under the pretext of updating the KYC details of a bank in central Mumbai, police said on Tuesday.
-
Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
-
Rs 175 Crore, 6 Bank Accounts: 2 Arrested Over Cyber Fraud In Telangana
The Telangana Cyber Security Bureau on Sunday said it has arrested two persons in Hyderabad for their alleged involvement in a Rs 175 crore scam wherein transactions pertaining to cyber fraud was done through six bank accounts.
-
Former Bank Of Maharashtra Manager Missing After Rs 17 Crore Scam Surfaces In Kerala
The Vadakara Police in Kozhikode district has registered a case against a former branch manager of the Vadakara branch of the Bank of Maharashtra based on a complaint by the new manager.
-
Man Loses Rs 50,000 After Message From Person Posing As Senior Official
A tehsildar was duped of Rs 50,000 when he got a message from a person posing as the district magistrate asking him to send the amount to a bank account on priority, officials said here on Tuesday.
-
Economics Graduate Among 3 Arrested For Defrauding Delhi Bank Of Rs 9.5 Lakh
The Delhi Police has arrested three people who allegedly impersonated themselves as owner of a firm and defrauded Rs 9.50 lakh, an officer on Monday said.
