Economic Crime

Mumbai records highest economic fraud cases among metros in 2023: NCRB

Mumbai, the financial capital of the country, topped the list of metropolitan cities in economic offences with 6,476 such cases registered in 2023, as per the National Crime Records Bureau (NCRB) data. However, as compared to the number of economic offences Mumbai reported in 2022, it saw a dip in such cases in 2023. While it reported 5,671 and 6,960 such cases in 2021 and 2022, respectively, the figure came down by 484 cases in 2023 compared to the previous year, the data showed. Out of these cases, the police have filed chargesheets in 37.9 per cent of cases, the report mentioned. In the list of metropolitan cities, Mumbai was followed by Hyderabad with 5,728 cases of economic offences registered, whereas Jaipur occupied the third spot with 5,304 such cases. Maharashtra's graph in terms of the number of financial fraud cases saw an upward rise over the past few years, with 19,803 such offences in 2023 as compared to 18,729 in 2022 and 15,550 in 2021, the NCRB report said. Rajast

Over 50% Indian firms experienced economic crime in 2 years: Survey

95% of them suffered new types of fraud as a result of the disruption caused by Covid-19

Mehta urges SCO members to work on eliminating transnational economic crime

Solicitor General Tushar Mehta on Friday urged the member states of the Shanghai Cooperation Organisation (SCO) to work together to eliminate the threat of transnational economic crimes by enhancing mutual trust, understanding, cooperation and communication, the Union Law Ministry said. Mehta and additional secretary (legal affairs) in the law ministry Anju Rathi Rana led the Indian delegation at the 20th meeting of Prosecutors General of SCO member states on Friday in Astana, Kazakhstan. In a statement, the law ministry said the 20th meeting of Prosecutors General was also attended by Prosecutor General of Kazakhstan Asylov B N, Prosecutor of the Supreme People's Procuratorate of China Zhang Jun, Prosecutor General of the Kyrgyz Republic Zulushev K T, Additional Attorney-General of Pakistan Rashdeen Nawaz Kasuri, Prosecutor General of the Russian Federation Krasnov I V, Prosecutor General of Tajikistan Rakhmon Yu A, Prosecutor General of Uzbekistan Yuldashev N T and SCO Secretary ..

Ukraine's wheat harvest may fall by 35%, raising fears of global shortage

Wheat production in Ukraine is likely to be at least a third lower than in normal years, according to analysis of satellite images of the country

DPIIT scrutinising 50 provisions in 11 Acts that threaten jail time

The move is aimed at decriminalising existing legislation and ensure more civil charges are brought in to replace criminal ones

61% of economic crimes committed by employees: Survey

PwC's Global Economic Crime Survey finds one in every four organisation is impacted by economic crime

Economic crime affects every 4th Indian firm, bulk by staff: PwC study

The survey reflects the pervasiveness of the problem in the country.