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36 Men Take Out Rs. 1.2 Crore Mortgages for Love, Here’s the Twist…

March 8, 2025, 2:20 pm

In a completely screwed-up tale of ‘woman empowerment’, a Shenzhen woman has been accused of defrauding 36 men out of money to buy apartments after pretending to date them, reports the South China Morning Post. She had induced them to invest in two housing estates in Huizhou, some 90 kilometers away.

One of them, who spoke on condition of anonymity using the pseudonym Atao, related how he had met Liu Jia on a dating app in March last year. He fell in love fast, finding her “tender, virtuous, family-oriented, and considerate.” Liu, who said she was 30 years old and from Hunan, was employed in Shenzhen’s e-commerce sector. She proposed marriage after a month of dating and insisted that Atao buy a house before he met her parents or they cohabited. She even proposed giving 30,000 yuan (approximately Rs. 3.3 lakh) towards the down payment and highly suggested two residential blocks at Huizhou, where there were huge subsidies being offered by developers.

After Atao purchased the apartment, Liu refused to be included in the certificate of ownership and immediately distanced herself. Another victim, Wang by surname, related a similar incident, stating, “After purchasing the house, Liu Jia did not dare to meet with me citing busyness as an excuse. She cut my number off her contact list.”

Atao Cons 36 Men

Atao claims that at least 36 men, all in their 30s and working in Shenzhen, fell victim to this scheme, each dating Liu for only one or two months. He now faces financial struggles, paying a monthly home loan of 4,100 yuan (around Rs. 35,000), in addition to rent and his parents’ expenses. “I dare not have a girlfriend now,” he admitted.

The case has ignited a heated controversy on Chinese social media, with some netizens jokingly referring to Liu as the “sales champion of a real estate developer.” Others lashed out at the men, one stating, “These men are too careless. They trusted someone whom they knew for only a month.”

Woman Almost Misses Out On Rs 4.22 Crore Inheritance Thinking It’s A Scam Call

January 21, 2025, 10:06 am

In an era where cyber fraud runs rampant, receiving suspicious calls has become a daily occurrence for many, often leaving people anxious and cautious. A simple mistake can lead to a financial catastrophe. However, one Canadian woman’s experience turned out to be an extraordinary exception when she found that a call she initially feared to be a scam was, in fact, completely legitimate.

The Unlikely Inheritance

Lauren Gesell, 60, from Canada, was stunned when she received a phone call from a UK number, informing her of an unexpected inheritance. The caller explained that she had been named the sole heir to a property in the United Kingdom valued at over £400,000 (approximately Rs 4.22 crore). The inheritance was reportedly left by her maternal uncle, Raymond, who had passed away in September 2021.

Raymond, a former airline cabin crew member, had owned a two-bedroom flat in Twickenham, which had remained unclaimed due to his lack of close relatives. With no children or spouse, his estate was eventually traced to Lauren, who was confirmed as the closest living relative.

Skepticism and Confirmation

At first, Lauren doubted the legitimacy of the call. The fact that her mother had moved to Canada in 1951 and that Lauren herself had only lived in the UK for a short period during her studies made the inheritance claim sound too far-fetched. Her son, too, warned her that it might be a fraudulent attempt.

However, the agency behind the call provided detailed and verifiable information about the family history, tracing Lauren’s connection to Raymond through the family tree. They explained that Raymond was her maternal grandfather’s brother’s son, making her his legitimate niece. Importantly, the caller never asked for any money, which helped quell Lauren’s suspicions about a scam.

Moving Forward with Confidence

After receiving all the necessary clarifications and assurances, Lauren is now preparing to claim the inheritance. Excited by the unexpected windfall, she is even considering a vacation funded by part of the property’s value.

This unusual and fortunate event serves as a reminder that, while fraud is rampant, not all calls claiming an inheritance are necessarily fraudulent. Sometimes, an unexpected windfall can be real and truly life-changing.

Scammer Lives in Luxury Hotels Since 1996, Finally Arrested in Tamil Nadu

December 12, 2024, 1:35 pm

Bimsent John, a notorious scamster who had duped luxury hotels across India, was arrested in Tamil Nadu on December 7. He had checked into a private hotel in Thoothukudi, claiming he was attending a meeting. John assured the manager he would pay the advance by 9th December and stay up to 12th of December. During his sojourn, he made use of the meals served to him and ran a bill amounting to Rs. 39,298. He left the place without clearing the said amount. The hotel management alerted the local police to catch John. The investigations proved that John had deceived many hotels in Kollam, Thane and Delhi from the year 1996.

According to Money Control, 49 cases were registered against him in India and abroad. Additionally, John has a prior conviction and was imprisoned for five years for the same crimes. After his last arrest when he was detained for robbing the County Inn hotel in Manipal, the judges ruled to keep him in judicial custody for another 14 days as investigation continues.

Police Superintendent Dr. Arun K explained that Bimsent John hails from Tamil Nadu and had rented a room in County Inn. “He had cases against him in Delhi, Maharashtra, Kerala, and other places,” the Superintendent said, during interrogation we found that he used to stay in star hotels and cheat them. He knows good English and wears smart clothes to hoodwink hotels. He has been doing this since 1996, and 49 cases have been registered against him,” Public TV reported.

Also Read: Chinese Man Cons 63 Hotels For Free Stays

In a similar case earlier this year, Jhansi Rani Samuel was arrested for allegedly scamming a Pullman Hotel in Delhi’s Aerocity for nearly Rs. 6 lakh. The hotel staff reported that Samuel had used a fake identity card under the name Isha Dave to access the spa. She also took advantage of services worth Rs. 2,11,708, claiming to pay through the ICICI Bank UPI app, though it was later revealed that the payments were never processed.

She has been changing her statements. She also told one of the investigators that she is a doctor. She then said she had lived in New York. We don’t know what to believe. We have asked local staff at her hometown to approach her family and provide us details of her job and parents/spouse,” police said.

Samuel, who had stayed at the luxury hotel for 15 days without paying her bills, became aggressive when staff attempted to stop her from leaving. She claimed to be married but later said she had divorced.

Sanders Supports Musk’s Criticism of U.S. Defense Spending

December 2, 2024, 10:57 am

Vermont Senator Bernie Sanders has agreed with Elon Musk’s criticism of U.S. defense spending. Sanders, a Democrat, took to X (formerly Twitter) to express his concerns about the Biden administration’s high defense budget.

“Elon Musk is right. The Pentagon, with a budget of $886 billion, just failed its 7th audit in a row. It’s lost track of billions,” Sanders posted. He added, “Last year, only 13 senators voted against the Military Industrial Complex and a defense budget full of waste and fraud. That must change.”

Elon Musk is right.

The Pentagon, with a budget of $886 billion, just failed its 7th audit in a row. It’s lost track of billions.

Last year, only 13 senators voted against the Military Industrial Complex and a defense budget full of waste and fraud.

That must change.

— Bernie Sanders (@SenSanders) December 1, 2024

Trump’s New Initiative

Recently, President-elect Donald Trump appointed Musk and biotech entrepreneur Vivek Ramaswamy to lead the Department of Government Efficiency (DOGE). This temporary department aims to reduce waste, cut excess regulations, and restructure federal agencies.

Support for Cutting Waste

During an interview, Democratic Representative Ro Khanna suggested that Democrats might work with Musk’s DOGE to reduce defense spending. He criticized the government for “waste, fraud, and abuse” in the defense budget and noted that the Department of Defense had failed several audits.

Khanna posted on X, saying, “When it comes to cutting waste, fraud, and abuse and opening the 5 primes to more competition, there are Democrats on [House Armed Services Committee] who will work with @elonmusk and @DOGE.”

Musk agreed with Khanna, replying with “Cool.”

Trump’s Vision for DOGE

Trump stated that DOGE would work alongside the White House Office of Management and Budget to provide advice from outside the government. He called it a potential “Manhattan Project” of our time, aligning with long-held Republican objectives.

The White House and the Department of Defense have not yet commented on the matter.

Mumbai Woman Scammed of Rs. 1.7 Lakh, Forced to Strip | Detailed Incident

December 1, 2024, 12:20 pm

In a shocking incident of digital fraud, a 26-year-old woman from Borivali East, Mumbai, was duped of Rs. 1.7 lakh and forced to strip during a video call by scammers posing as Delhi Police officers.

Details of the Incident

According to police reports, the scammers contacted the woman on November 19 and claimed that her name had surfaced in an investigation related to money laundering, connected to Naresh Goyal, the jailed founder of Jet Airways.

The scammers threatened her with arrest and moved the conversation to a video call, informing her that she was under ‘digital arrest’. They told her to book a hotel room for further interrogation. Once at the hotel, the scammers instructed her to transfer Rs. 1,78,000 to verify her bank details. They also demanded she strip during the video call for a supposed body verification. Following their instructions, the woman transferred the money and complied with their demands.

Realizing she had been scammed, the woman filed a complaint with the police on November 28. A case has been registered under the Bharatiya Nyaya Sanhit and the Information Technology Act, and the investigation is ongoing.

This case follows a similar scam involving Naresh Goyal’s name, where Shri Paul Oswal, chairman of Vardhman Group, was conned out of Rs. 7 crore. The fraudsters also used the ‘digital arrest’ tactic in that case.

What is ‘Digital Arrest’?

‘Digital arrest’ is a new type of scam where the fraudsters convince the victim that they are under a virtual arrest and must remain connected to them through a video or audio call. The scammers tell the victim that they cannot inform anyone about the arrest, and surveillance continues until the money is transferred to the fraudsters. Police have issued several advisories stating that ‘digital arrest’ is not real. However, the increasing number of such incidents suggests that the message has not reached many people, especially senior citizens, who are less familiar with technology. Recently, these scammers have started targeting younger adults as well.

IIT Bombay Student Scammed of Rs. 7 Lakh in ‘Digital Arrest’ Fraud

November 27, 2024, 11:51 am

A student from IIT Bombay fell victim to a cyber scam, losing Rs. 7.29 lakh after being coerced by fraudsters impersonating government officials, the police reported on Tuesday.

‘Digital arrest’ is an emerging cyber fraud technique where scammers impersonate law enforcement officials or government agency employees. Through intimidating audio or video calls, they coerce victims into making payments under the guise of legal penalties or procedural requirements.

How the Scam Unfolded

The incident began in July when the 25-year-old student received a call from an unknown number. The caller introduced themselves as a Telecom Regulatory Authority of India (TRAI) employee and falsely claimed that 17 complaints of illegal activity were registered against the student’s mobile number, according to an official from the Powai police station in Mumbai.

The caller threatened that the student’s number would be deactivated unless a no-objection certificate (NOC) was obtained from the police. To escalate the ruse, the caller transferred the conversation to someone posing as a Cyber Crime Branch official.

“A WhatsApp video call then showed a man dressed as a police officer. He demanded the victim’s Aadhaar number and alleged that he was involved in money laundering. He coerced the student into transferring Rs. 29,500 via unified payments interface (UPI),” the official said.

Escalation of Fraud

The next day, the scammers contacted the student again, threatening him with ‘digital arrest’ and prohibiting him from communicating with anyone. This time, they demanded more money. Intimidated, the student provided his bank account details, enabling the fraudsters to withdraw Rs. 7 lakh. After receiving the funds, they assured the student he was safe and would not face arrest.

The student grew suspicious after conducting an online search about the concept of ‘digital arrest.’ Realizing he had been scammed, he approached the police and lodged a complaint against the unidentified fraudsters. Investigations are underway to trace the culprits.

This incident highlights the need for increased awareness about emerging cyber scams and the tactics fraudsters use to exploit victims.

Money Vanishes from 1,500 Post Office Accounts: Deposits Range from 2 Lakhs to 12 Lakhs

October 18, 2024, 1:44 pm

Over 1,500 villagers in Bageshwar district have reportedly lost nearly ₹2 crore in an alleged scam at the Simgarhi sub-post office, which operates under the Kameridevi post office. The fraud was discovered when account holders noticed discrepancies in their balances after the postmaster vanished without a trace.

Villagers Demand Answers

On Thursday, residents from nearby villages, including Majhera, Simgarhi, Chipchipiya, and Pathkyuda, gathered at the Kameridevi post office to confront authorities about their missing funds. Many were left shocked and anxious as they checked their account balances.

In response to the crisis, postal authorities have urged calm and assured villagers that a thorough investigation is underway. Rajesh Binwal, Chief Postal Superintendent of the Almora region, confirmed the inquiry, stating, “We have dispatched a team to investigate, and all facts will be revealed soon. Action will be taken against those involved.”

Victims Share Their Stories

Among the victims is 70-year-old Sharda Devi, who had saved ₹2 lakh over four years. “I saved every rupee. My daughter sent some money from Delhi, and I added my old-age pension. Now the account shows only ₹2,000,” she said, her voice breaking with emotion. Many elderly villagers like Devi relied on the post office for their savings due to the distance to the nearest bank.

Another victim, Ramesh Rathore, had deposited ₹12 lakh in fixed deposits over the years. “I’ve been saving for decades, and now they say my balance is zero. How will we survive?” he lamented.

Madan Singh, who contributed to a recurring deposit (RD) account since 2015, was devastated to find that his passbook, which once showed ₹3 lakh, now reflected only ₹33. “When I saw the balance, the ground slipped from under my feet. I’ve been cheated out of everything,” he expressed.

Village head Uttam Rathore, who organized the affected villagers at the post office, stated, “Most of the post office staff are missing or on leave. The people’s entire savings are gone.”

Hathras: Brother And Sister Tie The Knot To Scam Government Scheme Goes Viral

October 7, 2024, 10:32 am

In a shocking turn of events, a case from Uttar Pradesh’s Hathras has surfaced, where a brother and sister allegedly got married, and several already-married couples tied the knot again in a fraudulent scheme to claim benefits meant for newlywed couples from economically weaker sections.

The scandal came to light after local residents lodged a complaint, prompting the Sub-Divisional Magistrate (SDM) to initiate an investigation into the matter.

The Mukhyamantri Samuhik Vivah Yojana Scam

The fraud was executed under the Mukhyamantri Samuhik Vivah Yojana, a government scheme designed to offer financial support to newly married couples. The scheme provides Rs 35,000 directly into the bride’s bank account, essential goods worth Rs 10,000, and Rs 6,000 to cover the marriage ceremony’s expenses.

According to reports, two already-married couples residing in Sikandrarao, Hathras, participated in a second wedding under the scheme to fraudulently claim these benefits. Shockingly, a case of a brother and sister marrying each other has also been reported as part of the scam.

Local Residents Expose the Fraud

Residents of the area raised concerns about these fake marriages and approached the SDM to investigate the issue. The complaint also implicated a municipal employee who allegedly arranged the fraudulent marriages to claim funds under the community marriage scheme.

SDM Ved Singh Chauhan has assured a thorough investigation into the matter, stating that appropriate action will be taken against those found guilty.

Mass Marriage Event Under Scrutiny

The fraudulent activity occurred during a mass marriage event held in Hathras on December 15, 2023, where 217 couples were married. The scale of the event has raised further suspicions, as investigations now focus on identifying how many of these marriages were legitimate.

The exposure of such fraudulent practices has sparked outrage and highlighted the need for stricter monitoring of government schemes to prevent misuse.

Kanpur Couple Defrauds Elderly Of Rs. 35 Crore With Fake ‘Age-Reversing’ Machine

October 4, 2024, 12:53 pm

A couple in Kanpur, identified as Rajeev and Rashmi Dubey, allegedly defrauded over two dozen elderly people of Rs. 35 crore by convincing them they had an “Israel-made time machine” capable of reversing the aging process, according to The Times of India.

Operating a therapy center called ‘Revival World’ in Kidwai Nagar, the couple lured clients by promoting an “oxygen therapy” that they claimed would counter the harmful effects of pollution and aging. The high pollution levels in Kanpur, they argued, had accelerated the aging process, and their therapy could make clients appear 25 years old again.

ACP Anjali Vishwakarma explained that each session in the so-called time machine was priced at Rs. 90,000. She further revealed that the scheme had evolved into a pyramid structure, where customers were offered discounts if they referred others, thus broadening the scam’s reach.

One of the victims, Renu Singh Chandel, who filed a complaint, mentioned, “I was offered a free session if I introduced the service to others,” adding that she had brought several people in for the treatment.

So far, police have recorded 25 cases related to the scam, with more likely to surface as the investigation continues. Law enforcement is currently searching for Rajeev and Rashmi Dubey, who are on the run. An FIR has been registered against them, and airports have been alerted to prevent any attempts to flee the country.

SYNTHETIC IDENTITY FRAUD

September 20, 2024, 4:23 am

The New Currency: Identity
In today’s digital age, identity has become the new currency. Trust is no longer confined to the protection of financial assets, it now extends to the safeguarding of personal identities. As more consumers conduct their lives online, financial institutions are realizing that protecting a customer’s identity is just as critical as securing their money.

Synthetic Identity Fraud
In this increasingly digitized world, fraudsters are constantly finding new ways to exploit vulnerabilities in financial systems. One such method that has gained significant traction is synthetic identity fraud. This form of fraud involves fabricating an identity by combining real personal information with fictional details, creating a new identity that can slip through the cracks of various verification processes. Unlike traditional identity theft, where a criminal steals and uses someone’s complete identity, synthetic identity fraud involves piecing together a new persona that isn’t directly tied to a real individual. This makes it harder for victims and authorities to detect the fraud, as no single person’s identity has been entirely compromised.

How Synthetic Identities Are Created
The process usually begins by obtaining a real government identity card number such as PAN, AADHAAR, driving license etc, often from someone who is unlikely to notice irregularities. This is most commonly done by stealing IDs from the elderly or individuals who are not active or they don’t frequently check their credit scores. Counterfeit or manipulated identity documents like driving licenses, voter IDs, or passports may be used to support the synthetic identity.
Once a valid identity number is obtained, criminals combine it with made-up information, such as a fake name, address and birthdate. To further build the credibility of the synthetic identity, fraudsters may apply for small loans or lines of credit using the new identity. Even if these initial applications are denied, the attempt can still result in the creation of a credit file for the synthetic identity. Over time, as the fraudster continues to apply for and use credit under the synthetic identity, they build a legitimate-looking credit history, making it easier to access larger sums of money.
In some cases, fraudsters will even use the synthetic identity to “piggyback” on someone else’s credit by becoming an authorized user on their account. This technique allows the synthetic identity to inherit the positive credit history of the original account holder, further legitimizing the fake identity.
Fraudsters typically use two main methods to create synthetic identities:
Manipulated Identity: This involves altering one or more details of a real identity. For example, someone with a poor credit history might modify their identity slightly to hide past financial issues. These types of synthetic identities can sometimes be easier to detect.
Manufactured Identity: This method involves combining real and fake information to create a completely new identity. For example, a fraudster might use a real PAN paired with a false name and date of birth to open new accounts that don’t belong to any real person.

The Dangers of Synthetic Identity Fraud
Synthetic identity fraud is especially dangerous because it’s harder to detect than traditional identity theft. In regular identity theft, a fraudster steals someone’s entire identity and uses it to commit fraud. With synthetic identity fraud, however, there’s often no specific person who becomes a victim, which might sound like a good thing at first. But without a real person to notice and report the fraud, it’s much harder for businesses to catch it early.
Here’s why that’s a problem:
Undetected Fraud: Since no consumer is monitoring the account, fraudsters can keep synthetic identities active for months or even years. During this time, they build up good credit, secure higher credit limits, and then max out the accounts before disappearing. Without anyone to report the suspicious activity, the fraud can go unnoticed for a long time.
Misclassified Losses: When the fraud is finally discovered, it’s often too late. Businesses may write off the account as bad credit, not realizing it was actually fraud. This makes it difficult for companies to spot synthetic identity fraud and assess if their security measures are working.
Tracking and measuring losses from synthetic identities is tricky. There’s often confusion within organizations about what qualifies as a synthetic identity and whether it’s a fraud or credit issue. In the end, the real victims are businesses and lenders /Financial Institutions, who end up absorbing the financial losses, sometimes on a large scale, without a clear way to identify or prevent the fraud in the first place.

Some Recent Synthetic Identity Fraud Cases
PPP Fraud Scheme: Two individuals in Florida were charged for creating approximately 700 synthetic identities using stolen Social Security numbers and fake names. They exploited these identities to defraud the Paycheck Protection Program (PPP) during the COVID-19 pandemic, illegally obtaining over $3 million. This case illustrates how fraudsters can manipulate government aid programs by leveraging synthetic identities to access funds intended for legitimate businesses.
TransUnion Report on Rising Fraud: A report from TransUnion highlighted that synthetic identity fraud is the fastest-growing form of fraud in the U.S., with significant impacts on public sector agencies. The report noted that states with generous unemployment benefits, such as Washington and Nevada, were particularly targeted due to their lack of income records to verify claims. This led to improper payments and loss of access to benefits for legitimate constituents.
Federal Investigations into Synthetic Identity Rings: In various investigations conducted by federal agencies, including Homeland Security, synthetic identity fraud schemes have been uncovered involving multiple individuals working together to create fraudulent identities. These cases often involve elaborate setups where identities are registered with government agencies, allowing fraudsters to extract benefits or services without detection.

Technological Countermeasures:
Indian financial institutions are increasingly leveraging advanced technologies to tackle the growing threat of synthetic identity fraud. Some of the key measures being adopted include:
1. Biometric Authentication: Financial institutions are incorporating biometric systems, such as fingerprint or facial recognition, to verify the identity of applicants. This method adds an additional layer of security, making it harder for fraudsters to use synthetic identities.
2. Artificial Intelligence (AI) and Machine Learning (ML): AI and ML algorithms are being used to detect unusual patterns in account behavior. These systems can flag suspicious activities, such as rapid credit line increases or inconsistent data, helping institutions identify potential synthetic identities before significant damage is done.
3. Multi-Factor Authentication (MFA): Using MFA, institutions require additional verification steps, such as a one-time password (OTP) or security questions, to ensure that a person is who they claim to be. This makes it more difficult for fraudsters to access accounts using synthetic identities.
4. Aadhaar-Based Verification: The Aadhaar system, India’s biometric identification system, is widely used to verify identities in financial services. By linking accounts with Aadhaar, financial institutions can ensure that the identity belongs to a real person, reducing the chances of synthetic fraud.
5. Data Analytics: Institutions are using big data analytics to cross-reference customer information with various databases. By analyzing large sets of data, inconsistencies in identity information can be flagged, helping to detect synthetic profiles.

Way Forward
It is predicted that synthetic identity fraud will continue to evolve, necessitating constant innovation in detection and prevention techniques.The Indian cybersecurity market is expected to flourish over the following five years, driven largely by the need for advanced fraud detection solutions. The need for strong identity management systems are not just about meeting regulatory requirements, they are essential for maintaining customer trust and ensuring long-term business success.
Identity verification has thus evolved into a central pillar of modern financial security. Just as money flows through the economy, so too does personal information circulate through digital networks, making it imperative for businesses to treat identity protection with the same level of importance as financial security. Robust identity management systems allow institutions to defend against increasingly sophisticated forms of fraud, while also reassuring customers that their personal information is safe. As fraudsters continue to find new ways to exploit vulnerabilities, it’s clear that identity security has become a business imperative, not just a compliance checkbox.
In conclusion, synthetic identity fraud remains a significant and evolving threat to India’s financial sector. While progress has been made in detection and prevention, continuous innovation, collaboration between stakeholders, and investment in advanced technologies are essential to combat this menace. As India continues its digital transformation, the battle against synthetic identity fraud will remain a critical focus for regulators, financial institutions, and technology providers alike.

Khushbu Jain is a practicing advocate in the Supreme Court and founding partner of the law firm, Ark Legal & Brijesh Singh, IPS Principal Secretary to Chief Minister of Maharashtra. Views expressed are personal.

Menace of Online App Scams in Digital Landscape: A Reality Check

September 14, 2024, 5:09 am

A 22-year-old student in Bengaluru allegedly ended his life at his house in HMT Layout, Jalahalli, in 2023 after being harassed by a loan app company. Tejash Nayar, a 6th-semester engineering student, had reportedly borrowed ₹46,000 using a loan app. When he was unable to repay the loan, the company executives allegedly harassed him. Unable to bear the harassment, he ended his life, after leaving behind a note apologising to his parents.

In another case, Shivani Rawat, a 23-year-old college receptionist in Delhi, faced her own ordeal. In June 2023, she applied for a 4,000 Rupees ($48) loan through an app called “Kreditbe”, since her salary was delayed. Her loan request remained pending, with no funds received. Yet, within a week, she began receiving 10-15 calls demanding 9,000 Rupees ($108) for repayment. Kreditbe’s name is a rip-off of a legitimate loan app called KreditBee, a common modus operandi for these illegal loan apps which often choose names similar to reputable brands to create a sense of authenticity.

In both above mentioned cases, Nayar and Rawat had borrowed money from lending apps, which offer loans to users in a convenient, few clicks and without the extensive documentation that a traditional bank loan requires. The money is credited to the borrower’s account within a few minutes, unlike the five to seven days that a bank loan takes for borrowers who meet the high eligibility bar.

These online apps lend small sums to people, charge high interest rates and often resort to torture and incessant mental harassment to make the borrowers pay up. The proliferation of fraudulent loan apps on social media platforms poses a significant risk to borrowers, with instances of outrageous interest rates and mental harassment on the rise. Despite the rapid growth in digital lending, a regulatory vacuum allows scam apps to thrive, exploiting unsuspecting users.

Common Types of Online App Scams
One of the most prevalent scams involves fake loan apps. These apps promise instant loans with minimal documentation but charge exorbitant interest rates and processing fees. They often access the user’s contacts and harass them with constant calls and messages for repayment. Another type of online app scams is that of E-commerce Scams. Fake e-commerce apps lure users with attractive discounts on popular products. Once the payment is made, either the product never arrives, or a substandard item is delivered. In some cases, these apps disappear after collecting payments, leaving users with no recourse.
The scammers use another method such as the Phishing Apps, wherein these apps mimic popular services like banking, social media, or email platforms. They trick users into entering sensitive information, such as login credentials and financial details, which are then used for fraudulent activities. Scammers also target users through gaming and entertainment apps that require in-app purchases. These apps may overcharge users or collect personal data under the guise of providing enhanced gaming experiences. Fake investment apps promise high returns on investments in a short period. Users are lured into investing large sums of money, only to realize that the app is a scam when they try to withdraw their funds.

Modus Operandi
An entire digital ecosystem has shaped up to take on such fraudulent loan-issuing apps. It was also found that borrowers use artificial-intelligence-generated ‘information packs’, which include fake government-issued ID cards (Aadhaar and PAN cards), a text message folder, a contact list and a gallery full of images, to set up their fake profiles on these apps.
The average loan tickets in these apps range between 10,000 Rupees to 25,000 Rupees ($120 to $300) with monthly interest rates of 20 percent to 30 percent and a processing fee that can be as much as 15 percent. Loan app representatives typically begin the recovery process 15 days after approving the loan. However, in many cases, they have been known to start harassing people just four to six days after disbursing the loan, and in Rawat’s case, it was even before she actually received the loan. Apart from the information packs used to create a fake digital trail, another requirement to scam the lending apps is an empty phone where the forged documents (Aadhaar and PAN cards) are loaded. All that this job requires is minimal editing skills on platforms like Photoshop and entry-level computer knowledge to create a database of contacts on an Excel sheet and convert it into the vCard (a Virtual Contact File) format so that Android phones can read them.
The fake digital history is created in such a fool-proof way that the apps are tricked into issuing the loan, which often ranges between Rs 5,000 and Rs 20,000 per week. The repayment of the money is usually sought around the fifth day after the loan is issued. These apps then threaten borrowers with the personal data collected from their phones during the loan application process. Apart from access to borrowers’ contact lists, text messages, call logs and photo galleries, the apps also have access to their Aadhaar and PAN card details. If borrowers default, they are abused and harassed during the recovery process.

The Impact of Online App Scams
The financial impact of these scams is substantial, with victims losing thousands of rupees. Beyond the immediate financial loss, the emotional and psychological toll on victims is severe. Many users feel embarrassed and guilty for falling prey to these scams, which can lead to a loss of trust in digital platforms and financial services. Moreover, these scams can have broader economic implications, as they undermine consumer confidence in online transactions and digital financial services. This distrust can slow down the adoption of digital payment systems and other online services, hindering the progress towards a digital economy.

Combating Online App Scams
Addressing the issue of online app scams requires a multi-faceted approach involving technology, regulation, and user awareness. The government banned 94 lending apps, which included names like BuddyLoan, CashTM, Indiabulls Home Loans, PayMe, Faircent, and RupeeRedee. These apps had been flagged by the RBI for various reasons, and many of them had either Chinese investors or had been involved in harassing borrowers. Some of these apps, including RupeeRedee, have said that they were being impersonated by scammers. Despite the action taken, the government and regulatory bodies need to enforce stringent regulations for app stores and developers. Ensuring that all apps undergo rigorous verification processes before being listed can help reduce the number of fraudulent apps. The Reserve Bank of India (RBI) and other financial regulators should also monitor and act against fake financial apps.
Another step that can be taken is that Advances in technology, such as artificial intelligence and machine learning, can help detect and prevent fraudulent apps. App stores can employ these technologies to scan for malicious code and suspicious behavior patterns. Additionally, cybersecurity firms can develop tools to identify and report fraudulent apps in real-time.
Educating users about the risks associated with online apps and how to identify potential scams is crucial. Campaigns through social media, traditional media, and community programs can raise awareness. Users should be encouraged to download apps only from official app stores and to check reviews and ratings before installation.
A collaborative effort between the government, tech companies, financial institutions, and cybersecurity experts is essential. Sharing information about new scams and developing joint strategies can enhance the overall security of the digital ecosystem.

Way Ahead
Online app scams in India represent a significant challenge in the digital age. While technology and regulation play crucial roles in combating these scams, the importance of user awareness and education cannot be overstated. By adopting a comprehensive approach that combines regulation, technology, and public awareness, India can create a safer digital environment for its users and ensure the continued growth and trust in digital services.

Dr.S.Krishnan is an Associate Professor in Seedling School of Law and Governance, Jaipur National University, Jaipur.
Mr. Rajvardhan Sinha is a 4th year student of BALLB in Seedling School of Law and Governance, Jaipur National University, Jaipur.

Elon Musk Sues OpenAI Leaders For Fraud, Claims ‘Deceit Of Shakespearean Proportions’

August 5, 2024, 8:26 pm

Elon Musk has filed a lawsuit against OpenAI CEO Sam Altman and President Greg Brockman, accusing them of fraud and breach of contract. The lawsuit, filed in federal court, claims that the actions of Altman and Brockman are of “Shakespearean proportions” in terms of deceit.

Allegations

According to the complaint, Musk alleges that OpenAI’s leadership shifted its focus from its original charitable purpose to a for-profit model aimed at personal gain. The complaint highlights OpenAI’s partnership with Microsoft and its network of for-profit affiliates, now valued at $100 billion, as evidence of this shift.

Background

OpenAI’s Mission: Musk, a co-founder of OpenAI, invested millions into the organization in 2015 to develop Artificial General Intelligence (AGI) for the public good.
Boardroom Conflict: Musk’s legal action follows a boardroom dispute, which he claims prompted him to sue in order to redirect OpenAI back to its original mission.

OpenAI’s Response

OpenAI has stated in court that Musk initially supported the idea of a for-profit structure but abandoned it when his preferences were not followed.

Legal Representation

Elon Musk is represented by attorney Marc Toberoff, known for high-profile cases against Warner Brothers and Disney. Toberoff has previously represented the creators of iconic comic characters like Superman and Spider-Man.

Current Status

Musk withdrew a previous lawsuit in June but reserved the right to refile, which has now been exercised. The case is expected to unfold in California courts, focusing on OpenAI’s operational shifts and alleged breaches of its foundational goals.

Delhi Court Denies Pre-Arrest Bail to Puja Khedkar Accused of Falsifying Information

August 1, 2024, 6:12 pm

A Delhi court on Thursday rejected the anticipatory bail request of former trainee IAS officer Puja Khedkar, who is accused of cheating and forging documents to secure selection in the Civil Service Examination. This decision follows the Union Public Service Commission (UPSC) cancelling her candidature amid a massive controversy.

During the hearing, Khedkar claimed she was being targeted for filing a sexual harassment complaint against an officer and sought anticipatory bail “to establish her innocence.” The prosecution opposed the application, asserting that she had “cheated the system.”

Khedkar, selected as an IAS officer in the 2023 batch of the Maharashtra cadre, is accused of forging documents, including a Physical Disability Certificate and Non-Creamy Layer Certificate, to obtain OBC reservation in the examination. She allegedly faked her identity to attend the UPSC examination beyond the permissible limit.

Public prosecutor Atul Srivastava argued that the investigation is “at a very nascent stage” and that her custodial interrogation is required. “These kinds of persons who cheat the system must be dealt with very seriously. This person has abused the process of law,” he submitted, adding that the chances of her continuing to abuse the law remain.

Pune Hospital Clears Puja Khedkar Of Disability Certificate Misconduct

July 25, 2024, 2:04 pm

Yashwantrao Chavan Memorial (YCM) Hospital in Pune has confirmed that there were no problems with the disability certificate issued to IAS officer Puja Khedkar. The hospital’s investigation showed that the seven percent locomotor disability certificate was issued correctly.

Dr. Rajendra Wable, the Dean of YCM Hospital, explained that the internal review found the certificate was issued after a thorough assessment by the hospital’s physiotherapy and orthopaedic departments. Dr. Wable assured that the medical tests were done properly and followed all rules.

This investigation was triggered by concerns from the Collector’s office in Pune, questioning the validity of Khedkar’s disability claims. Dr. Wable noted that the hospital’s job was to verify if Khedkar lived in the Pimpri Chinchwad area, not to check the address of any private company.

The investigation also found that the disability certificate does not provide any extra benefits for education or employment, contrary to some claims.

Puja Khedkar, a 2023 IAS officer, is facing criticism for allegedly misusing disability and Other Backward Classes (OBC) quota claims to get her civil service position. Earlier this year, she was transferred from Pune to Washim for alleged misconduct, including demanding perks and taking over the office of an additional collector.

The Lal Bahadur Shastri National Academy of Administration (LBSNAA) in Mussorie has put Khedkar’s probation on hold while the allegations are reviewed. The Union Public Service Commission (UPSC) has also taken legal action against her for exceeding the allowed number of attempts at the civil services exam by allegedly faking her identity. The UPSC is considering canceling her candidature and banning her from future attempts.

Rahul Gandhi alleges Indian Examination System is a Fraud

July 23, 2024, 2:26 am

Newly appointed Leader of Opposition in Lok Sabha Rahul Gandhi on Monday trained his guns at the BJP-led NDA government at the centre over the issue of NEET and paper peaks saying that there is a “serious issue” with the examination system in the country.

During a heated debate with Education Minister Dharmendra Pradhan, the Congress leader cornered the government over the issue of NEET.

He said, “It’s obvious to the whole country that there is a very serious problem with our examination system. This is not just the question of the NEET but major examinations.”

Slamming Pradhan, Rahul Gandhi, who is also a Lok Sabha MP from Uttar Pradesh’s Rae Bareli said, “Now, the minister has blamed everybody except himself. I don’t think he understands the fundamentals of what’s going on here.”

He said that the issue is that there are millions of students in this country who are extremely concerned about what is going on and who are convinced that the “Indian examination system is a fraud”.

“Millions of people believe that if you are rich, you can buy the Indian examination system, and this is the same feeling we as the Opposition have. This is why we are asking some very simple questions to the Minister,” he said.

“As this is a systemic issue, what exactly are you doing to fix the issue at a systemic level?” the LoP said.

The Opposition staged a walkout in the Lok Sabha during Question Hour after Pradhan denied the charges saying there was “no evidence” of paper leak in the last seven years.

Meanwhile, Speaker Om Birla suggested members should discuss developing a better examination system in the country.

The hearing on the National Eligibility-cum-Entrance Test-UG paper leak case is underway in the Supreme Court, with Chief Justice of India DY Chandrachud leading the bench.

Noida Call Center Scam: 11 Arrested For Multi-Crore Loan Fraud Scheme

July 7, 2024, 10:57 am

A fraudulent loan scam operated from a fake call center in Noida has been uncovered by police, resulting in the arrest of eleven individuals, including nine women. The scam, running for over a year from a building in Noida’s Sector 51 market, was orchestrated by two former life insurance agents, Ashish and Jitendra.

They lured victims from outside Delhi-NCR with promises of high returns on fake insurance policies and loans, using phone data purchased online for just Rs. 2,500.

The call center employed nine women as executives to cold-call potential victims, selling them these fraudulent financial products. The gang acquired SIM cards using illegally obtained Aadhaar cards to conceal their identities during their operations. The scheme operated on a commission basis, incentivizing employees based on the number of people they deceived.

Victims’ money was funneled into a Punjab National Bank account rented for Rs. 10,000 per month from Arvind in Karnataka. Ashish and Jitendra withdrew the funds using debit cards in Noida. A police raid uncovered a black diary maintained by Ashish, documenting financial transactions from the scam, which generated crores of rupees over the course of a year.

The operation was dismantled in a joint effort by the Crime Response Team (CRT) and local Sector 49 police station officials during a raid on Friday. DCP Shakti Mohan Avasthy confirmed that a similar scam case had been filed against the accused in Ranchi.

“Ashish and Jitendra initiated this fraudulent activity after their tenure with SBI Life Insurance in 2019. They purchased data on approximately 10,000 individuals from India Mart for Rs. 2,500 and began contacting people across India, deceiving them with false promises of loans and insurance,” DCP Avasthy stated.

Key accused Ashish Kumar alias Amit and Jitendra Verma alias Abhishek, along with the nine women executives, namely Nisha alias Sneha, Reju alias Divya, Lovely Yadav alias Sweta, Poonam alias Pooja, Aarti Kumari alias Ananya, Kajal Kumari alias Surti, Sarita alias Suman, Babita Patel alias Mahi, and Garima Chauhan alias Sonia, have been arrested. An FIR has been filed under provisions of the newly-enacted Bharatiya Nyaya Sanhita, and all accused individuals have been remanded to judicial custody.

Prevent Yourself from Scam Calls with this AI Feature: Here’s How to Use it

June 4, 2024, 2:56 am

AI-based voice call scams have emerged as a significant global issue, prompting Truecaller to unveil its latest defence mechanism, the AI Call Scanner, to safeguard users from falling victim to such scams.

Truecaller’s AI model analyzes the voice patterns in incoming calls in real-time, swiftly detecting potential scam calls and alerting users within seconds. This AI-driven technology listens to call recordings, identifying specific traits indicative of AI-generated calls, which may be challenging for the average person to discern.

To activate the AI Call Scanner, users simply tap on the bar below the caller’s name on the Truecaller dialer UI. The platform has meticulously trained its AI model to recognize distinct characteristics of AI voice calls, distinguishing them from human voices.

Initially available to Truecaller users in the US as part of the premium model, this feature is expected to roll out to users in other countries, including India, in the coming months. While this innovative tool is tailored for Android users due to its sophistication, it’s unlikely to be accessible to Apple users, despite its potential benefits.

Voice calls have become a preferred tool for malicious actors, posing a significant threat to unsuspecting individuals. While Caller ID helps identify spam calls, AI technology has enabled scammers to produce convincing calls. Hence, the introduction of AI-driven solutions like Truecaller’s AI Call Scanner is crucial in combating the evolving threat landscape posed by such advanced technologies.

What is the Grandparent scam? How to avoid it?

June 2, 2024, 9:09 pm

Days after FedX scam created a situation of panic across cities, a new cyber fraud, the Grandparent scheme has left people in panic. A grandparent scam is a social engineering fraud targeting seniors, specifically grandparents. Scammers typically impersonate a grandchild (or another close relative) in distress and attempt to trick the grandparent into sending money or revealing personal information.

Here’s how to avoid it:

If a grandparent receives a call from a supposed grandchild they haven’t spoken to in a while, it’s a cause for caution.

Grandchildren in genuine emergencies would likely contact their parents instead of grandparents. Be wary of any immediate financial demands.

Scammers often try to rush the transaction and discourage the grandparent from verifying the situation with other family members.

If the call comes from an unknown number, especially with a different area code, be suspicious.

How to protect yourself from a grandparent scam:

Always try to verify the situation directly with the grandchild or another close family member before sending any money.

Never share personal details like bank account numbers or social security numbers over the phone, especially with unsolicited callers.

If you suspect a scam attempt, report it to the authorities and raise awareness among other family members.

Bengaluru: Woman Loses Rs 18 Lakh In Scratch Card Scam

May 18, 2024, 11:39 am

A 45-year-old woman in Bengaluru was conned out of Rs 18 lakh in a scratch card scam, where she was misled into believing she had won Rs 15.51 lakh from a fake card. The scam required her to pay fees and taxes to claim her winnings, illustrating the importance of being cautious and not sharing personal information in such situations.

Scratch cards, while enjoyable, can also be used by scammers to exploit unsuspecting individuals. According to a recent Deccan Herald report, the woman fell victim to a new scam involving scratch cards, losing Rs 18 lakh in the process.

The scam unfolded when she received a scratch card allegedly from the online shopping website Mesh, along with a letter and contact details. Upon scratching the card, she discovered she had won Rs 15.51 lakh. Following the instructions in the letter, she contacted the provided number. The individual on the line requested her ID proofs, informing her that due to the illegality of lotteries and lucky draws in Karnataka, she would not receive 4 percent of the lottery amount and would also need to pay 30 percent tax to claim the rest. As a result, she transferred Rs 18 lakh to clear the required documentation and collect her winnings. However, she later realized that she had been scammed.

To avoid falling victim to such scams, it’s essential to remain vigilant and follow these guidelines:

Be cautious of unexpected scratch cards, especially those received through the mail or attached to other products.
Legitimate lotteries and promotions do not require payment to claim winnings.
If uncertain about a scratch card’s legitimacy, contact the company directly.
Never provide personal information such as bank account details or social security numbers to claim a scratch card prize.
Report any suspicious activities to the relevant authorities.

Mumbai Police nab fraudster pretending to be a part of Akshay Kumar’s production house

April 11, 2024, 11:27 pm

Juhu Police Station in Mumbai has detained a person for trying to deceive Akshay Kumar’s production house by falsely promising employment, as part of a scheme to defraud social media influencer Pooja Anandani.

The apprehended individual, identified as Prince Kumar Sinha (29) reportedly attempted fraudulent tactics towards Anandani, but she managed to evade being deceived due to her prompt actions.

Explaining the series of events, an officer from Juhu Police disclosed that the suspect initially reached out to Anandani, presenting himself as ‘Rohan Mehra,’ allegedly claiming to be an employee of Akshay Kumar’s production house, Cape of Good Films.

Despite lacking any affiliation with the production house, the suspect lured Anandani with a job offer, asserting involvement in a movie project centered on the Nirbhaya case, and arranged a meeting with her in Juhu.

During their initial meeting at a nearby coffee shop, he purportedly asked Anandani to pose for photographs, which were to be taken by a photographer who claimed association with Bollywood legend Amitabh Bachchan.

Following this, they scheduled another meeting at the JW Marriott hotel in Juhu, where Anandani had already alerted the police about the situation.

The officers intervened and apprehended Sinha at the designated meeting place.

As per details from Juhu Police, on April 3, the accused, utilizing his mobile phone, reached out to Anandani using the pseudonym Rohan Mehra, falsely portraying himself as an employee of Cape of Good Films.

However, investigations unveiled that there was no record of such an individual working at the production house. Anandani, upon uncovering the deception, swiftly informed the production house, confirming the fraudster’s deceit.

In response, Anandani filed a complaint with the nearby Juhu Police Station, prompting the registration of a case against the perpetrator and his subsequent arrest.

This incident underscores the prevalence of fraudulent activities in the entertainment industry and emphasizes the significance of remaining vigilant against such schemes.

The Juhu Police laud Anandani’s astuteness, which foiled a potential scam. Investigations into the matter are ongoing, with authorities urging individuals to exercise caution and verify the legitimacy of offers before committing to them.

Inside the Scam: Indians Forced into Fraudulent Activities in Cambodia

March 31, 2024, 2:45 pm

Roughly 5,000 Indian nationals are allegedly being detained in Cambodia and coerced into conducting online scams targeting Indians in their home country. The extensive magnitude of the fraud, with estimated proceeds totaling a staggering ₹500 crore over the past six months, has spurred collaborative efforts between the two nations to dismantle the operation.

“We have seen the media reports on Indian nationals stuck in Cambodia. Our Embassy in Cambodia has been promptly responding to complaints from Indian nationals who were lured with employment opportunities to that country but were forced to undertake illegal cyber work,” the Ministry of External Affairs said, adding that around 250 Indians have been “rescued and repatriated” so far.

As per media accounts, individuals held in Cambodia were compelled to engage in scam activities targeting people in India. They reportedly posed as law enforcement officials, contacting potential victims and claiming that suspicious items were discovered in packages sent by them, thereby extorting money from them.

The police first became aware of this extensive scam late last year after a senior central government employee reported being defrauded of more than ₹67 lakh and lodged a complaint. On December 30, the Rourkela Police in Odisha dismantled a cyber-crime syndicate and apprehended eight individuals purportedly linked to the operation of relocating people to Cambodia.

“We arrested eight persons from different parts of the country and have prima facie evidence against multiple people involved in the scam. We issued Look Out Circulars against 16, following which the Bureau of Immigration detained two men – Harish Kurapati and Naga Venkata Sowjanya Kurapati – at the Hyderabad airport after they landed from Cambodia,” an officer said, the Indian Express reported.

The Modus Operandi

Stephen, one of the individuals rescued from Cambodia, holds an ITI degree. He revealed to The Indian Express that when the coronavirus pandemic hit, he pursued some computer courses. He went on to elaborate on the modus operandi of the racket.

“An agent in Mangaluru offered me a data entry job in Cambodia. There were three of us, including one Babu Rao from Andhra Pradesh. At the immigration, the agent said we were going on a tourist visa, which made me suspicious,” he told Express.

According to Stephen, they were escorted to an office in Cambodia where they underwent interviews. He mentioned that only two out of the three managed to pass the interview. Stephen noted that the boss was Chinese, with a Malaysian aiding in translation for them.

“They tested our typing speed among other things,” he said. “It was only later that we found out that our job was to look for profiles on Facebook and identify people who can be scammed. The team was Chinese, but a Malaysian translated the instructions to English,” he added.

A Day In The Lives Of Cyber Slaves

Compelled to impersonate women using fabricated social media profiles and fake photos, the men were assigned daily quotas, facing repercussions for failing to meet them. This was the daily routine for recruits in a country where they were enticed with the “promise” of better job prospects.

Stephen, as cited in The Indian Express report, stated that the “cyber slaves” endured periods without food or rest if they failed to meet their daily targets.

“We had to create fake social media profiles with pictures of women sourced from different platforms. We were told to be careful while picking the photos,” he said.

“A “South Indian woman” would trap someone in the north to avoid raising any suspicion. We had targets and if we didn’t meet them, we would not get food or be allowed to go to our rooms. Finally, after a month and a half, I contacted my family and with the help of some local politicians, they managed to speak to the Embassy,” he said.

How Were The Indians Scammed

Rourkela police official Upasana Padhi informed The Indian Express that the accused lured the men, or potential scammers, to Cambodia under the pretense of offering employment opportunities.

Upon arrival, the men were coerced into joining companies involved in fraudulent activities, she noted. These companies confiscated their passports, rendering them unable to leave, and compelled them to work 12-hour shifts each day.

“If anyone refused to do what is asked of him, he would be tortured by way of physical assaults, electric shocks, solitary confinement, etc. Many Indians not willing to engage in such scams are trapped there. We are trying to identify, contact, and bring them back through proper channels,” Ms Padhi said.

The scammers would pose as women on dating apps and chat with the potential targets. “After some time, they would convince the target to invest in cryptocurrency trading. Many were duped in India this way,” she said.

According to the Rourkela Police, the agents got the men to join another company that focused on investment scams in October 2023. “This company lured people to invest in fake stocks. They also created a fake online app,” the officer said.

Ms. Padhi stated that the police have amassed critical details, such as the whereabouts of the fraudulent companies, their agents, methods of operation, and organizational structure.

Additionally, they have pinpointed three senior operatives of Indian descent and one senior operative from Nepal. “We intend to arrest key players in this scam with the help of Interpol,” she added.

Delhi Police nabs fraudster in Rs 50 lakhs fake job scam

January 3, 2024, 4:44 am

In a fraudulent job scam, a woman and her two children suffered a financial loss of approximately Rs. 50 lakhs, falling victim to deceitful promises of employment at Indigo Airlines through the Indeed job portal.

Delhi Police apprehended one of the culprits, Ishu Verma (29), also known as Rahul Saxena, in Shahdara, seizing a laptop, a mobile phone, and forged documents from him. Verma, an MBA graduate, purportedly holds the position of a BMI (body mass index) officer at Indigo Airlines.

The victim, Shammi Mehra of Jagat Puri, reported that individuals posing as Indigo Airlines employees had contacted her and her children through the Indeed app.

The scammers duped Mehra’s daughter, Tisha, with a fake receptionist job at Indigo Airlines in June 2023, conducting online interviews and providing a counterfeit joining letter dated June 28, 2023. Additionally, another accused, Rahul Saxena, visited her residence to conduct a fraudulent BMI test as part of the elaborate deception.

Similarly, the accused offered a job to the complainant’s son, Nitin, at Indigo Airlines, furnishing him with a fake joining letter dated July 2, 2023. The complainant made payments totaling around Rs. 50 lakhs in various installments as security deposits, training fees, and other charges.

Upon closer scrutiny, the complainant discovered that the job letters were forged, prompting her to report the incident to the police. A case was registered at Jagat Puri police station.

During the investigation, the police arrested Ishu Verma, who admitted to his involvement in the crime. He disclosed the names of his associates, Ayan Malik and Sanjay Bangar, who are currently evading law enforcement.

Mumbai Police Registers FIR Against 32, Alleges Fraud and Gambling

November 13, 2023, 1:07 pm

Mumbai police have filed a case against 32 individuals, including the promoter of the Mahadev betting app, under various sections related to fraud and gambling. The complaint, filed by social worker Prakash Bankar from Matunga, alleges that people were defrauded to the tune of Rs 15,000 crore through the app. Prominent names such as Saurabh Chandrakar, Ravi Uppal, and Shubh Soni are among those named in the FIR.

The accused reportedly engaged in illegal activities, including gambling, through the app, leading to substantial illicit earnings. The case has been registered under sections 420, 465, 467, 468, 471, and 120 (B) of the Indian Penal Code.

Earlier, the Noida Police had booked 18 individuals in the Mahadev App case under the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act. The Enforcement Directorate (ED) is also investigating the syndicate, with allegations that the promoters, currently abroad, are remotely operating numerous panels across India. The ED has arrested four individuals, seized proceeds of crime exceeding Rs 450 crore, and filed a prosecution complaint against 14 individuals.

In a significant revelation, the ED claims that payments of around Rs 508 crore have allegedly been made by Mahadev APP promoters to Bhupesh Baghel, Chief Minister of Chhattisgarh, as per information obtained during the investigation.

Four arrested for posing as IT officials, stealing gold biscuits worth Rs 60 lakh

May 31, 2023, 2:32 pm

Four people in Hyderabad were arrested for allegedly posing as Income Tax officials and stealing gold biscuits worth Rs 60 lakh from a shop in the city, Telangana police said on Tuesday.

The accused were identified as Rehman Ghafoor Athar, Zakir Gani Athar, Praveen Yadav and Akash Arun Hovil, Hyderabad’s Commissioner of Police, CV Anand, said.
The Commissioner on 27 May said that eight to 10 people had been posing as Income Tax officials, stealing 17 gold biscuits worth Rs 60 lakh from a shop in Hyderabad’s Monda Market.

The police announced that they had recovered seven gold biscuits from the possession of the accused; efforts to arrest their co-conspirators as soon as possible are underway.

“On May 27, eight to 10 people posing as Income Tax officials stole 17 gold biscuits, worth Rs 60 lakh, from a shop named Siddhivinayak in Monda Market. The four accused persons have been arrested. Seven gold biscuits have been recovered from them. Other accused are at large but will be arrested soon,” the Commissioner added.

TMC leader Shantanu Banerjee produced before court in Bengal job scam case

March 11, 2023, 7:07 pm

ED arrested Shantanu Banerjee after interrogating him for eight hours in Kolkata. The case was registered on the orders of the Calcutta High Court against the then Minister-in-Charge, Department of School Education, West Bengal, and others on the allegations of illegal appointment of assistant teachers for classes of 11th and 12th standard.

It was further alleged that the then advisor of the West Bengal Central School Service Commission was part of the network that was involved in illegally accommodating undeserving candidates for appointment in SSC scam cases.

Shantanu Banerjee’s huge assets were traced in a recruitment scam. It is known that Shantanu’s alias ‘Raja’ empire spread across Balagarh, Chandannagar, and Chunchura-Hooghly. Hooghly Zilla Parishad office bearer’s property has been located one by one. This is not the end, from luxury homes to resorts, dhabas, guest houses, and hookah bars also included on the Shantanu’s property list.

According to ED sources, 20 properties of arrested Trinamool leader Shantanu Banerjee have been traced. Two cars were found in Shantanu’s luxury house and garage in Balagarh. Shantanu’s Luxury Dhaba Lounge on Assam Road, Zirat There is also a hookah bar on Assam Road in Zirat. Shantanu is also the owner of the “Ichchdana’ guest house opposite the dhaba, along with a luxury resort in Balagarh, also owned by Shantanu Banerjee.

Videocon loan fraud case: CBI gets 3-day remand of former ICICI CEO Chanda Kochhar

December 24, 2022, 6:00 pm

In connection with the alleged ICICI Bank-Videocon, money laundering case former Managing Director (MD) and Chief Executive Officer (CEO) of the ICICI bank Chanda Kochhar and her husband Deepak Kochhar CBI gets 3-day remand.

Earlier in the day they were produced before a special court of the Central Bureau of Investigation (CBI) for carrying forward remand proceedings.

Meanwhile, as per the First Investigation Report registered with them on Friday CBI arrested the couple.

“Accused 4 was MD and CEO of ICICI in 2009 and the fifth one is her husband,” the lawyer said.

Moreover, six loans were sanctioned to Videocon after Chanda Kochhar became the MD and CEO of the ICICI bank.

“The loan amount of Rs 1,800 crore has been given to the company,” the CBI lawyer said.

“We are filing an application to invoke IPC section 409 also in this case. We had already given a notice to both the accused under section 41 of the CrPC, but since they did not cooperate so we arrested them,” the CBI lawyer said.

The CBI lawyer argued, “They came yesterday (December 23) and due to non-cooperation, they were arrested. To confront them with the spam evidence and documents of the case we should be given three days’ custody of both the accused.”

However, the advocate of the Kochhars, Amit Desai said, FIR also included industrialist Venugopal Dhoot of the Videocon Group.

“Years after the FIR was registered against them, none of the Kochhars were called for joining the investigation and then they suddenly sent notice for December 15 which was changed to yesterday only with the approval of the CBI,” Desai said.

“If there was no need for investigation till January 2019, why have they been arrested now?” Desai asked.

Furthermore, in 2012 the agency said that the loans were declared non-performing assets which caused a loss of Rs 1,730 crore to the bank.

Hong Kong Pro-democracy media tycoon Jimmy Lai arrested over fraud

December 10, 2022, 11:47 am

In Hong Kong, a pro-democracy media tycoon was sentenced to five years and nine months in prison on Saturday after being found guilty of two fraud charges related to lease violations. This case is the most recent in a string of high-profile cases against activists that some claim aim to silence the city’s dissidents.

Jimmy Lai, who was arrested as part of a crackdown on the city’s pro-democracy movement after significant protests in 2019, was also fined 2 million Hong Kong dollars under the National Security Law enforced by Beijing (USD 257,000).

The pro-democracy journal Apple Daily was published by his media company, Next Digital, until it was shut down.

Following the arrests of its top executives, editors, and journalists last year, the publication was forced to shut down.

For subletting a portion of the office space to a secretarial business he also owned and controlled between 2016 and 2020, Lai was found guilty of fraud in October.

The second fraud charge was for allegedly violating lease agreements from 1998 to 2015 by allowing the same company to utilise the media outlet’s office space.

The court at the time determined that Lai had concealed the fact that the business was renting space in the building and that the actions had breached the lease agreements with the Hong Kong Science and Technology Parks Corp.

Lai may spend up to life in jail if found guilty.

In the semi-autonomous Chinese city, the security law’s implementation resulted in the arrests of numerous well-known democratic campaigners. In 1997, Hong Kong, a former British colony, was once again under Chinese control.

Additionally, it has diminished confidence in the future of the global financial centre as more and more young professionals relocate outside in response to the declining freedoms.