Scam

SBI never sends links or files via SMS or WhatsApp messages for redeeming rewards

NPCI clarified that simply opening a UPI or bank app does not approve transactions. Users must explicitly authorise payments by entering their UPI PIN for processing

The Economic Offences Wing (EOW) of Mumbai Police which is probing the Torres investment scam has seized Rs 5 crore in cash, deposited by investors, from a Torres jewellery store in Dadar and a flat in the city, an official said on Friday. The estimate of the total amount involved in the scam stood at Rs 22 crore, he said. The seizure was made during searches on Thursday. Some investors had handed cash to the company for making deposits after encountering snags in its online system, the official said. As much as Rs 77 lakh were recovered from a flat rented by Tania alias Tazagul Karaxanovna Xasatova (52), one of the accused, in Colaba in south Mumbai. Xasatova worked as a general manager at the Torres store, the official said. Police also recovered over a thousand 'precious stones'. While the company charged its investors thousands of rupees for these stones, their actual value was around Rs 300 apiece, he said. Torres allegedly duped hundreds of depositors by promising them hig

The Economic Offences Wing (EOW) of the Mumbai police on Wednesday took over the investigation into Torres jewellery firm's multi-crore investment scam, an official said. The police have registered a case against Platinum Hern Private Limited company, which runs the 'Torres' jewellery brand, and its directors for duping investors for over Rs 13.48 crore by promising attractive returns on their investment in the firm located at Dadar in central Mumbai, he said. Three top executives of the private jewellery firm -- two of them foreign nationals -- were arrested on Tuesday evening and sent to police custody till January 13. "Considering the scope of investigation, the case was transferred to the EOW on Wednesday," he said. Accordingly, a team of EOW officials visited the Shivaji Park police station and collected related documents for the probe. After examining the case-related documents, the EOW team will take the probe ahead, he said. "The cheating came to light when more than 300 .

McAfee Deepfake Detector is available for English language detection on select PCs based on Microsoft's Copilot+ platform

Avoid opening email attachments or clicking on unfamiliar links. Regularly update your passwords, avoid interacting with fake customer care numbers, and verify the authenticity of banking communicatio

The scammers forced Bahuguna to switch off all electronic devices, forbade him from communicating with anyone, and coerced him into making multiple financial transactions

A new cyber fraud known as "pig butchering scam" or "investment scam" has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry. The report said that cybercriminals have also been using Google services platforms to initiate these crimes. "Google Advertisement platform provides a convenient facility for targeted advertisement from across the border. This scam, known as 'Pig Butchering Scam' or 'Investment Scam' is a global phenomenon and involves large-scale money laundering and even cyber slavery," it said. The pig butchering scam, which is believed to have started in China in 2016, targets gullible individuals with whom cyber criminals build trust over time, ultimately convincing them to invest in cryptocurrency or some other lucrative scheme when their money is stolen. The analogy to pig butchering comes from the fattening of swine before their ..

The development follows the interrogation of Bhupendrasinh Zala, the alleged mastermind behind the ponzi scheme

In the attachment order, it is clearly written that we have no evidence of any funds going to Raj Kundra, he said

A bench of justices Surya Kant and Ujjal Bhuyan adjourned the hearing observing that it has to go through the files relating to custody being served by Chatterjee

A 90-year-old Gujarat man lost Rs 1 crore to fraudsters posing as CBI officers. Here's how you can protect yourself

The volume of digital-payment transactions increased from 20.71 billion in 2017-18 to 187.37 billion in 2023-24 - at a compound annual growth rate (CAGR) of 44 per cent

Stock trading scams emerged as the biggest culprit, with 228,094 complaints filed, incurring losses of Rs 4,636 crore

Scammers posed as Trai officials and used intimidation tactics to defraud the 25-year-old IIT Bombay student

Earlier in August, the Supreme Court had questioned the 'quality of prosecution and evidence' garnered in cases related to the Prevention of Money Laundering Act, by the Directorate of Enforcement

Scammers are exploiting the wedding season by distributing fake wedding card PDF files via WhatsApp and when the recipients open these documents, malware is downloaded onto their devices

UP and Goa are the two latest states that have made headlines for alleged employment related scams. However, these cases are only like a drop in the ocean of such similar scams in India

The list of successful candidates includes relatives of the Legislative Assembly secretariat head, a minister's nephew, and even those linked to private firms that conducted the exam

Cybercriminals have found new ways to scam people, through fake wedding invitation links leading to potential data theft and financial loss. Here's all you need to know