FRAUDULENT CLAIMS

In order to detect probable situations of suspicious accounts or transactions where there may be a risk of impersonation or fraudulent withdrawals, multiple stages of verification for MIDs, UANs, and institutions will be carried out as part of the S...

A Groww user alleged that the platform deducted money without making an investment, prompting Groww to issue a refund and clarification. The company acknowledged an error in the user's dashboard and confirmed no transaction took place. They credited...

In July 2021, the Disney Parks' chief told workers in California that most white-collar employees would be transferred to the new campus in Orlando to consolidate different teams and allow for greater collaboration. As many as 2,000 workers in digit...

A man was arrested in Gorakhpur, Uttar Pradesh for his involvement in a racket that kept young women captive in Bihar's Muzaffarpur district, where they were sexually assaulted under the guise of job offers. The arrest was made by an SIT formed to i...

The Central Board of Indirect Taxes and Customs (CBIC) issued an alert regarding fraudulent activities where imposters pose as Indian Customs officials to deceive the public, often through digital means like calls or SMS. CBIC launched a comprehensi...

The telecom regulator in India has urged mobile users to report fraudulent calls, text messages, and WhatsApps from third-party agencies claiming to be the Telecom Regulatory Authority of India (Trai) and threatening disconnections. The regulator st...

New EPF rules: The changes include an extended facility of auto-settlement, multi-location claim settlement, faster New rule for EPF death claim. Let us take a closer at each of these four changes.

Irdai has also mandated the insurer to decide on the cashless authorisation within one hour of receipt of the request.

Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake j...

Bourses in Mumbai issue warning about social media scams using established brokers' names for high returns.

The Indian Cyber Crime Coordination Centre (I4C) and the Department of Telecom (DoT) are collaborating to block spoof calls originating from outside India, particularly those claiming digital arrests by agencies like the NCB or CBI. They are also pa...

Fraud by bank employees: Many reports of bank employees defrauding customers of the bank. These are the cases where the bank and its customers both are the victims of fraud by the employee(s). In a recent judgement by the SC, it was said that banks ...

Bank frauds: SBI recently issued a warning about a scam involving the distribution of an Android Application Package (APK) to users under the guise of redeeming SBI reward points and the precautions to take. Let us take a look at some of the frauds ...

A consumer commission in Mumbai has instructed IDFC Bank to compensate a resident of Navi Mumbai with Rs 1 lakh. The bank wrongly deducted EMIs for a loan he never took. The commission ordered the bank to refund the deducted EMIs with interest and p...

EPF death claim: The EPFO stated that it has received specific references from field offices indicating that they are unable to seed and authenticate Aadhaar in cases of death of EPF members. Note that Aadhaar details cannot be updated or corrected ...

Former DEI executive Barbara Furlow-Smiles sentenced for embezzling $5M from Facebook and Nike through fake vendors and cash kickbacks. Convicted of wire fraud after orchestrating a scheme involving fake vendors. US Attorney's Office, Northern Distr...

Internal Revenue Service or IRS has issued a warning against false filing of tax returns. The penalties could include a steep fine and/or initiation of criminal proceedings.

Chandan Soni, a resident of Gwalior, discovered that his personal details – PAN card and Aadhaar card – had been misused to create a fraudulent GST number and a fake company in his name. This company, "MG SALES", even showed a fabricated turnover ex...

The police in the state's Mahisagar district detained Bhabhor and another man after the opposition complained to the Election Commission with a copy of the video. Though Babhor deleted the video after it drew criticism, the clip had gone viral on so...