Financial Fraud

Widening its probe into the alleged financial irregularities at the Al Falah Group and Trust, the Enforcement Directorate (ED) has detected that its arrested chairman could have acquired some land parcels in Delhi by "forging" documents. The Al Falah University based in Haryana's Faridabad district is under the spotlight of investigations into the November 10 Red Fort area blast case in which a doctor working at its medical college allegedly blew himself up in a car full of chemical explosives. 15 persons were killed in the blast and a number of other were injured. The federal probe agency, as per official sources, is investigating at least five instances where documents related to the General Power of Attorney (GPA) for acquiring land parcels are alleged to have been forged at the behest of a Trust linked to the arrested chairman of the Al Falah Group, Jawad Ahmed Siddiqui. Siddiqui was arrested by the ED on November 18 following raids against the Al Falah Group and its linked ...

The case accuses the actors of misleading investors under a cooperative society scheme; both had earlier received Supreme Court protection from arrest

Malhotra also said the central bank is conceptualising "Unified Market Interface" as a new next-generation financial market infrastructure

Celebrity hairstylist Jawed Habib and his son Anos have been booked by Sambhal police in 23 cases for allegedly defrauding at least 38 investors of around ₹7 crore through a bitcoin scheme

Fintech firm One MobiKwik Systems on Thursday confirmed that a technical glitch had led to unauthorised payments in and around one district of Haryana last week, and said remedial measures had been taken with financial impact contained and quantified. The company, in a statement, clarified that the incident did not affect UPI, wallet payments, or user account balances. "MobiKwik confirms that an isolated technical issue on September 11-12, 2025, led to certain failed transactions being incorrectly marked as successful, resulting in unauthorised payouts to some merchants in and around the Nuh district of Haryana. A few merchants and users from this area exploited this issue to gain undue financial benefit. "Upon identification in the early hours of September 12, the Company immediately took corrective action and resolved the issue within 45 minutes. The total financial impact has been contained and quantified," it said, adding that no employees, management personnel or insiders were

Gameskraft's former CFO Ramesh Prabhu allegedly siphoned more than ₹250 crore into personal F&O trades, forcing the firm to write off losses exceeding ₹270 crore and file an FIR

While cybercrime headlines dominate the global conversation around corporate fraud, in India, fraud creeps in through procurement files, travel vouchers, vendor agreements, and unchecked authority

Dealing with such entities is highly risky, as they can block trading and abscond with deposits

A new scam is tricking WhatsApp users into screen sharing, giving fraudsters access to bank accounts and wallets. OneCard issues an urgent advisory

Sebi Chairman Tuhin Kanta Pandey stresses importance of early fraud detection and warns auditors and directors against merely ticking boxes for compliance, underlining need for more robust measures

Platform allows users to flag potential cyber fraud and helps authorities take action against cybercriminals

Vedika Shetty, who managed finances at Alia Bhatt's production house Eternal Sunshine, was held in Bengaluru after allegedly embezzling ₹76 lakh over a two-year period

The Enforcement Directorate on Friday conducted searches at the premises of actor Dino Morea and some others in Maharashtra apart from some locations in Kerala as part of a money laundering investigation linked to the Mithi river desilting "scam", official sources said. The fraud is alleged to have caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC). The raids are covering more than 15 premises located in Mumbai and Kochi. This includes the premises of Morea, his brother, contractors and some others, the sources said. The investigation is being conducted under the Prevention of Money Laundering Act (PMLA), they said. The ED case against certain officials of the BMC and some others stems from a Mumbai Police economic offences wing (EOW) FIR filed to probe alleged irregularities in desilting of the Mithi river that is alleged to have caused a Rs 65 crore loss to the civic body. Morea was questioned by the EOW in this case few days back. The EOW registered a ca

Shares of the lender closed 1.82 per cent higher on the BSE on Tuesday, despite trading in the red in the early session

The aim of e-Zero is to cut the procedural delay in the first few crucial hours when chances of recovery of lost money is high.

IndusInd Bank may face muted financials in the medium to near-term, and the new MD and CEO will have an "uphill task" of resurrecting the bank and regaining investor trust, brokerages said on Thursday after the beleaguered bank reported its biggest net loss in 20 years. Most brokerages see downside in shares of IndusInd Bank, which posted a net loss of Rs 2,329 crore, marking one of the worst quarters in terms of both financial metrics and top level upheavals in the wake of accounting (derivative, MFI, other assets/liabilities) fraud. Brokerage firm Emkay in its note said: "We believe these developments could hurt the bank's business and financials in the near-to-medium term." Nirmal Bang, taking note of "uncertain outlook on various parameters", has cut the bank's earnings estimates by 23.6 per cent in current fiscal and 13 per cent for FY'27. Lapses in derivatives accounting, slippages in microfinance portfolio, and fraud in balance sheet disclosures have rattled the private sect

Bank books record quarterly loss after flagging accounting lapses, microfinance misreporting, and suspected fraud; FY25 profit falls 71 per cent to Rs 2,575 crore

DoT introduces Financial Fraud Risk Indicator under DIP to help banks and UPI platforms detect risky mobile numbers and prevent cyber frauds more proactively

IndusInd Bank uncovers suspected internal fraud involving about ₹173 crore in microfinance; board initiates legal steps and adjusts FY25 accounts to reflect discrepancies

The summary of Grant Thornton's findings did not disclose further details of the share trading or offer any conclusions about its nature