New Delhi/Mumbai: Indian banks are turning to advanced technology and specialized teams to try and trace accounts known as ‘cyber mules’ amid a rising tide of digital banking frauds. New Delhi/Mumbai: Indian banks are turning to advanced technology and specialized teams to try and trace accounts known as ‘cyber mules’ amid a rising tide of …
Boeing will have a felony conviction if it follows through on an agreement with prosecutors to plead guilty to fraud in connection with approval of its 737 Max before two of the planes crashed, killing 346 people off the coast of Indonesia and in Ethiopia. FILE PHOTO: The Boeing logo is seen on the side …
Axis Bank has been fined more than ₹1.66 crore by the Financial Intelligence Unit (FIU) for “failing” to place a mechanism to detect and report suspicious transactions, following one such incident at one of its branches involving a fraudulent account in the name of counter-terrorist commando force NSG (National Security Guard), PTI reported. Representational(Reuters) {{^userSubscribed}} …
Now, a new scamming trend is on the rise, shared by a Bengaluru woman, named Aditi Chopra. Online fraud is increasing in today’s world where digital transactions have become the norm. Scammers are getting smarter. They use clever tricks to deceive people and steal their money, like sending fake emails, setting up bogus websites, and …
A branch manager of ICICI Bank, along with his aides, withdrew crores of rupees from unsuspecting customers’ accounts in order to meet business targets. The withdrawal was made to create an illusion of opening new fixed deposit accounts, current and savings bank accounts, reported The Economic Times. The matter turned worse when someone got a …
A US court has sentenced an Indian man to nine years in jail for his role in a massive healthcare scam that defrauded Medicare of nearly $2.8 million. Indian man sentenced to 9 years in US jail for $2.8M healthcare scam {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The man, Yogesh K Pancholi, 43, from Northville, Michigan, was …
Former US President Donald Trump and his campaign have labeled fellow GOP candidate Vivek Ramaswamy as a “fraud” and “conman,” warning his supporters against backing the biotech entrepreneur. In a TruthSocial post, Trump accused the Indian American White House hopeful of disguising his support for the former US president through “deceitful campaign tricks.” Trump urged …
NEW DELHI :Three Indian directors of Hyderabad-based DQ Entertainment International Ltd’s Irish subsidiary have been held to be personally liable for the company’s debt, totaling about $30 million. The Commercial Court in Ireland in a recent ruling said it had found the three directors–Rashida Adenwala, Tapaas Chakravarti, and Sanjay Choudhary–to have knowingly engaged in business …
Shopping from authentic websites is the safest. Keep these tips in mind while shopping online to protect your personal and financial information. Online shopping offers unparalleled convenience, allowing you to effortlessly find the best deals and have items delivered right to your doorstep. However, it’s important to be aware of potential pitfalls that can lead …