The article reports on three cases of online banking fraud in India and how to avoid them. It highlights one incident wherein fraudsters used a fake e-mail to convince a public sector bank in Mumbai to t...
Reuters reported last month that India’s state-run banks reported 8,670 “loan fraud” cases totalling 612.6 billion rupees over the last five financial years up to March 31, 2017. In India, loan fraud typically refers to cases where the borrower intentionally tries to deceive the lending ba...
We are frequently consulted for quashment of criminal proceedings on the ground that a civil proceeding for same cause of action is already pending. This hapens often in matters relating to transfer of property and money transactions. the question a
HDIL has also filed cases against PMC bank and has taken them to court. Conclusion This fraud case shocked the whole nation. Some directors were very well-known people in the banking sector and the government sector itself. This case might get concluded soon. This fraud case brought a ...
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In Russia, the number of cryptocurrency-related court cases has grown 5 times in 2 years The number of cryptocurrency-related court cases inRussiahas grown 5 times over the past 2 years. In 2023, the number of such cases in Russia amounted to 2653, while in 2021 there were 510 cryptocurre...
As per the last available update in 2018-19 from India's Central Bank RBI, lenders in India had reported a total fraud of 9.5 billion U.S. dollars from 6,801 cases compared to 5.5 billion U.S. dollars from 5,916 cases in the previous financial year. Enditem...
My salute to the ACLU’s work in this –may it be an example in defeating cases of State-tyranny in India too. Subroto Roy, Posted in Academic economics, Academic fraud, Academic freedom, Academic research, ACLU, Aleksandr Isayevich Solzhenitsyn, America's military-industrial complex, America'...
Of these reported cases of fraud, 39% were attributed to external actors, while 37% were attributed to internal individuals. 20% of the reported frauds were the result of collusion between both internal and external parties. Payment Fraud Statistics in Europe There’s some better news in Europ...
“The rise in cyber crime cases is tremendous,” said Balsing Rajput, Mumbai’s deputy commissioner of police for cyber crime. With many Indians using smartphones and digital banking for the first time, “the lack of awareness of the people is being exploited by the criminals”. ...