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Kiran Patel was arrested by the Jammu and Kashmir police earlier this mont

Fake PMO official arrested in J&K booked for house grab bid in Ahmedabad

Alleged conman from Gujarat Kiran Patel has been booked by the Ahmedabad cops on cheating and criminal conspiracy charges for trying to usurp a senior citizen's bungalow

Kiran Patel was arrested by the Jammu and Kashmir police earlier this month

Alleged conman from Gujarat Kiran Patel, held in Jammu and Kashmir for posing as a top official of the Prime Minister Office (PMO), has been booked by the Ahmedabad cops on cheating and criminal conspiracy charges for trying to usurp a senior citizen's bungalow using the same tactic, an official has said.
Patel, a resident of the Ghodasar area of the city, was arrested by the Jammu and Kashmir police earlier this month from a five-star hotel in Srinagar after the authorities grew suspicious about his activities.
On Wednesday, the Ahmedabad city crime branch lodged a case of cheating (Indian Penal Code section 420), criminal breach of trust (406), criminal conspiracy (120-b) and personating a public servant (170) against the alleged conman, said Deputy Commissioner of Police, Crime, Chaitanya Mandlik, on Thursday.
Patel's wife Malini Patel has been shown as a co-accused in the FIR (first information report), he said.
"As per our information, four FIRs related to cheating have been registered against Kiran Patel in different police stations of Gujarat in the past. Since he is in judicial custody, we will try to bring him here through a transfer warrant," Mandlik said.
In the latest FIR, it is alleged that Patel tried to grab a bungalow in a posh locality in Ahmedabad by winning the trust of its owner through false claims of being a "Class 1 officer in the PMO" and having close relations with politicians.
The complainant, 63-year-old Jagdish Chavda, owns a bungalow in the Shilaj area but wanted to sell it because of personal reasons. Patel approached Chavda in February 2022, claiming to be a real estate agent, and told the owner his property would fetch a good price if it was renovated.
To win Chavda's trust, Patel then identified himself as a "Class-1 officer in the PMO" as well as a partner in a cafe chain.
When Chavda agreed for the bungalow's renovation, Patel, his wife Malini and an interior designer started the work and took Rs 35 lakh in instalments from him, the FIR said.
As renovation was underway, Chavda shifted to his friend's residence in the Shela area. After some time, Chavda learnt that Patel and his wife had put their own name plate outside the bungalow and also did a house-warming ritual as if they were the owners.
When confronted, the Patel couple left the bungalow without finishing the renovation work, following which Chavda and his family moved back into the house, according to the police.
In August 2022, Chavda learnt through a court notice that Patel had filed a civil suit claiming ownership of the property, said the FIR.
In August 2019, a city-based decorator had lodged a complaint in Vadodara against Patel and two others for allegedly duping him of Rs 1 crore.
As per the FIR registered at the Raopura police station in 2019, Patel along with two event organisers - Dipesh Sheth and Dhara Sheth - had approached the complainant, Paritosh Shah, to decorate Navlakhi ground in Vadodara for a Navratri event held in October 2018.
While the trio paid nearly Rs 50 lakh to Shah in various instalments for the work done, they started giving excuses to clear the remaining bill of Rs 1 crore, as per the FIR.
At one point, Patel even threatened Shah with dire consequences claiming he was politically well-connected. When the trio refused to pay the pending money, Shah lodged a complaint with the Raopura police in August 2019.
A similar complaint of cheating and breach of trust was registered against Patel in Bayad town of Arvalli district in August 2020.
As per the FIR registered by the Bayad police, Patel along with his brother Manish Patel and the latter's wife Darshna had convinced three persons of Bayad to invest their savings in tobacco and cattle feed business for good returns.
In all, the accused took Rs 1.75 crore from one Ashish Patel and two of his friends by promising high returns on their investments, said the police document.
When cheques given by the accused got dishonoured, complainant Ashish Patel and others sought their money back, following which, the trio returned nearly Rs 50 lakh, but refused to pay the remaining sum of Rs 1.25 crore, said the FIR.
Also Watch: <a href="https://www.editorji.com/india-news/delhi-police-registers-case-over-attack-on-indian-high-commission-in-london-1679642473102">Delhi police registers case over attack on Indian High Commission in London</a>

21 indivuduals and entities including Axis asset management company's former chief dealer have been barred by the capital markets regulator SEBI. This in the Axis mutual fund front running case. 

Axis MF front-running case: 30 Cr wrongfully gained, 21 entities banned 

Axis MF front-running case: SEBI says 30 Cr wrongfully gained, 21 entities banned 

21 indivuduals and entities including Axis asset management company's former chief dealer have been barred by the capital markets regulator SEBI. This in the Axis mutual fund front running case.&nbsp;

Capital markets regulator SEBI has passed an interim order in the Axis Mutual fund front-running case. 21 entities &amp; individuals including Viresh Joshi, the former chief dealer of Axis mutual fund, are banned from buying, selling or dealing in the securities market. As per SEBI, over 30 crore was wrongfully gained through front-running activities and has said that this amount is to be impounded.&nbsp;
SEBI has termed this a "well-crafted manipulative scheme of front running" the trades of Axis Mutual fund and that Viresh Joshi 'glaringly abused his employment as a dealer with Axis MF" taking advantage of non-public information about impending orders the AMC, for his personal gains. These illegal trades were carried out during the period September 1, 2021 and March 31, 2022.&nbsp; Joshi had the discretion to decide as to when the orders of Axis MF would be placed. The front-running of trades were executed from trading accounts of the entities and people indirectly connected to Joshi. The ill-gotten gains were then transferred to the bank account of a company, specially incorporated in Dubai on behalf of Joshi. Joshi's brother and father also went to Dubai to set up this company and were also named shareholders.&nbsp;&nbsp; The order goes on to explain how Viresh Joshi exploited the norms of social distancing during the pandemic which allowed him to use a separate dealing room and circumvent the prohibition on usage of a mobile phone while in the dealing room during trading hours.&nbsp;&nbsp;
In its interim order, SEBI says, "There are ample prima facie evidences unearthed during the investigation which visibly demonstrate the the conduct of the Noticees while indulging in front running trades has been misleading and fraudulent in nature which has violated the integrity of the market and caused fraud on the investors causing irreparable injury to the secutrites market".&nbsp; SEBI has also clarified that a number of parallel and separate proceedings involving different entities are in progress. These are at different stages of investigations. The present proceedings involve the front running of trades of Axis MF.&nbsp; Axis Mutual Fund came under the front-running allegation in 2022 and later on sacked two officials including Viresh Joshi following an internal investigation.

Mumbai woman loses Rs 3.68 lakh after being duped on pretext of Valentine's Day gift

Mumbai woman duped for Rs 3.68 lakh on pretext of Valentine's Day gift

The woman, who is married, befriended the man, who introduced himself as Alex Lorenzo, on Instagram last Wednesday, the official from Khar police station said.

The woman, who is married, befriended the man, who introduced himself as Alex Lorenzo, on Instagram on 8 February, police said.

A 51-year-old woman from Mumbai allegedly lost Rs 3.68 lakh after being lured by a man on a social media platform under the pretext of sending her a gift for Valentine's Day, a police official said on Monday.
The woman, who is married, befriended the man, who introduced himself as Alex Lorenzo, on Instagram last Wednesday, the official from Khar police station said.
The man later told her that he had sent her a Valentine's Day gift for which she will have to pay a fee of Euros 750 after receiving the parcel, he said quoting the complainant.
Later, she received a message from a courier company that as the parcel was heavier than the permissible limit, she would have to pay an additional charge of Rs 72,000, which she paid, the official said.
The courier company representatives contacted the woman again saying they had found European currency notes in the parcel and to avoid being charged for money laundering, she would have to shell out Rs 2,65,000. She then paid the sum, he said.
However, when the woman was asked again to pay another Rs 98,000 to get the parcel that the man had sent her, she got suspicious.
When she stopped paying the amount, Lorenzo started threatening her saying he would post her pictures on social media and also share them with her family members, the official said.
The woman subsequently lodged a complaint with the Khar police.
Based on the complaint, the police on Sunday registered an FIR against two unidentified persons under various Indian Penal Code sections including 420 (cheating) and provisions of the Information Technology Act, the official said.
An investigation was on into the case, he added.&nbsp;
Also <a href="https://www.editorji.com/world-news/watch-bird-pierces-wall-to-store-over-300-kg-oak-nuts-at-a-california-house-1676023436382">Watch: bird pierces wall to store over 300 kg oak nuts at a California house</a>

All the listed stocks of the group took a beating after the report, which came just as a Rs 20,000 crore follow-on share sale of Adani Enterprises opened for institutional investors. 

Adani says examining legal options against Hindenburg; US firm stands by its 106-page report

All the listed stocks of the group took a beating after the report, which came just as a Rs 20,000 crore follow-on share sale of Adani Enterprises opened for institutional investors.&nbsp;

Days after a US-based investment research firm, Hindenburg said that its two-year investigation revealed that Adani Group has "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades", Adani Group says examining legal options against Hindenburg.&nbsp; The Adani Group on Thursday said it is examining legal options to take "punitive action" against Hindenburg Research for its "reckless" attempt to sabotage a mega share sale at the conglomerate's flagship firm - a statement that the US activist investor responded by saying it stands by its report that alleged "brazen" market manipulation and accounting fraud by the group. "The maliciously mischievous, unresearched report published by Hindenburg Research on January 24, 2023, has adversely affected the Adani Group, our shareholders and investors. The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens," Adani Group's lead head Jatin Jalundhwala said in a statement.
The report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, by their own admission, is positioned to benefit from a slide in Adani shares, he said. The report came just as a Rs 20,000 crore follow-on share sale of Adani Enterprises opened for institutional investors.
"In the 36 hours since we released our report, Adani hasn't addressed a single substantive issue we raised," Hindenburg Research said. "At the conclusion of our report, we asked 88 straightforward questions that we believe give the company a chance to be transparent. Thus far, Adani has answered none of these questions." Stating that it "fully stands" by the report, Hindenburg said it believes any legal action taken against it would be meritless.
"If Adani is serious, it should also file suit in the US where we operate. We have a long list of documents we would demand in a legal discovery process," it said, adding Adani has in its statements referred to its 106-page, 32,000-word report, with over 720 citations and prepared over the course of 2 years, as unresearched.

The quantum of loss is equivalent to four times of the grant an Associate member with ODI status earns every year from the ICC

ICC becomes victim of online fraud, investigation launched

The ICC became a victim of an online fraud and is believed to have been duped to the tune of over $2.5 million through deception.

Here are the details

The quantum of loss is equivalent to four times of the grant an Associate member with ODI status earns every year from the ICC

The International Cricket Council (ICC) became a victim of an online fraud and is believed to have been duped to the tune of over $2.5 million through deception.
According to a report in Cricbuzz, the ICC officials refused to comment but an investigation has been launched into the incident of phishing from a source based in the US.
The total amount of $ 2.5 million is a result of multiple instances of being cheated, the report added.
An official of an Associate board stated that for a full member like the BCCI, $ 2.5 million is not a major amount but the quantum of loss is equivalent to four times of the grant an Associate member with ODI status earns every year from the ICC.
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Kochhar was accused of misusing her position in the ICICI Bank in granting loans to Videocon group promoter Venugopal Dhoot in 2009 and 2011

Videocon loan case: Mumbai court remands Chanda Kochhar, husband in CBI custody till December 26 

Kochhar was accused of misusing her position in the ICICI Bank in granting loans to Videocon group promoter Venugopal Dhoot in 2009 and 2011

A special CBI court on Saturday remanded former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar to the CBI custody till Monday.
They were arrested on Friday in a case linked to alleged irregularities in an over Rs 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank.
Kochchar had to resign from ICICI Bank in 2018 because of this multi-crore scam.&nbsp; Also Watch| <a href="https://www.editorji.com/india-news/local/videocon-loan-case-icici-bank-ceo-md-chanda-kochhar-husband-deepak-kochhar-arrested-1671852298885">Videocon loan case: ICICI Bank CEO-MD Chanda Kochhar, husband Deepak Kochhar arrested</a>

Videocon loan case: ICICI Bank CEO-MD Chanda Kochhar, husband Deepak Kochhar arrested

The CBI has alleged that they were evasive in their responses and did not cooperate in the investigation.

The CBI on Friday arrested former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies, officials said.
They said the Kochhars were called to the agency headquarters and arrested after a brief questioning session.
The CBI has alleged that they were evasive in their responses and did not cooperate in the investigation.
The Kochhars will be produced before a special CBI court on Saturday.
They are likely to be kept in separate lockups on the ground floor of the 11-storeyed agency headquarters after their medical examination.
Sources said that agency is likely to move at a swift pace to file the first charge sheet in the case in which the Kochhars could be named along with Venugopal Dhoot of Videocon Group.
Also read|<a href="https://www.editorji.com/india-news/politics/bjp-attacks-aap-over-advertisement-scam-demands-cbi-inquiry-1671550448669">BJP attacks AAP over 'advertisement scam', demands CBI inquiry</a>
The CBI had named the Kochhars and Dhoot, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited, as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act in 2019, they said.
The CBI had alleged that ICICI bank had sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group promoted by Dhoot in violation of the Banking Regulation Act, RBI guidelines, and credit policy of the bank.

Theranos fraud: Elizabeth Holmes sentenced to 11 years in prison

The closely watched case became an indictment of Silicon Valley, and US federal prosecutors had sought a 15-year jail term for Holmes. She was sentenced to 135 months.

Fallen US biotech star Elizabeth Holmes was sentenced Friday to just over 11 years in prison for defrauding investors with her Silicon Valley start-up firm.
The Theranos founder had been convicted on four felony fraud counts in January for persuading investors that she had developed a revolutionary medical device before the company flamed out after an investigation by The Wall Street Journal.
The closely watched case became an indictment of Silicon Valley, and US federal prosecutors had sought a 15-year jail term for Holmes. She was sentenced to 135 months.
US attorney Stephanie Hinds said the sentence "reflects the audacity of her massive fraud and the staggering damage she caused."
Also Watch| <a href="https://www.editorji.com/business-news/elizabeth-holmes-conviction-the-theranos-fraud-everything-you-need-to-know-about-this-startup-scam-1641266922396">Elizabeth Holmes' conviction &amp; the Theranos fraud, everything you need to know about this startup scam</a>
"For almost a decade, Elizabeth Holmes fabricated and spread elaborate falsehoods to draw in a legion of capital investors, both big and small, and her deceit caused the loss of hundreds of millions of dollars," the prosecutor said in a statement following the judge's decision.
Holmes, who is pregnant, will not have to surrender herself until April next year, ordered US District Judge Edward Davila in a courtroom in San Jose, California.
Holmes's lawyer indicated she will appeal her conviction.
Moments before her sentencing, a tearful Holmes told the court: "I stand before you taking responsibility for Theranos. I loved Theranos. It was my life's work."
She added: "I am devastated by my failings. Every day for the past years I have felt deep pain for what people went through because I failed them."
"I gave everything I had to building our company and trying to save our company."

Fraudsters duped vaccine-maker Serum Institute of India (SII) of more than Rs 1 crore by sending messages in the name of its Chief Executive Officer Adar Poonawalla and asking for transfer of money, Pune Police said on Saturday. 

Fraudsters dupe Serum Institute of Rs 1 cr by asking for money transfer in CEO's name

Satish Deshpande, one of the directors of the SII, received WhatsApp messages from a person who posed as Adar Poonawalla, as per the FIR.&nbsp;

Pune-based Serum Institute of India (SII) has been duped of Rs 1 crore by fraudsters who allegedly posed as the company&rsquo;s chief executive officer (CEO) Adar Poonawalla and sent a WhatsApp message to one of its directors seeking money transfer to various accounts, said the police.
The fraud unfolded between Wednesday and Thursday, said an official of Bundgarden police station.
A First Information Report (FIR) for cheating and offences under the Information Technology Act has been registered against unidentified persons, said senior inspector Pratap Mankar.
Satish Deshpande, one of the directors of the SII, received WhatsApp messages from a person who posed as Adar Poonawalla, as per the FIR.
The sender asked Deshpande to transfer money to certain bank accounts immediately, said the complaint filed by the finance manager of the firm.
Also watch: <a href="https://www.editorji.com/india-news/local/explained-aap-s-big-nutrition-scam-charge-on-shivraj-singh-chauhan-s-govt-1662652723816">Explained: AAP's big 'nutrition scam' charge on Shivraj Singh Chauhan's govt</a>
Believing that it was the CEO who had messaged, company officials transferred Rs 1,01,01,554 online, only to realize later that Poonawalla had never sent any such WhatsApp communication.
Investigation was going on, said inspector Mankar.
The SII, which has a plant near Pune, produces the Covishield vaccine against coronavirus among other vaccines.
With PTI inputs

The EPFO branch in Mumbai has reportedly uncovered a massive fraud that could have losses running into a Rs 1000 cr as per reports. ET reports that staff at a Mumbai suburban office of EPFO allegedly created bogus accounts and transfer funds or settle claims in defunct companies such as Jet Airways. An internal inquiry is underway to ascertain what the actual loss to provident fund body is. 
Unnammed sources told ET that PF accounts of many pilots or crew members of Jet Airways were allegedly misused to siphon off funds, which reportedly benefited some EPFO officials working at Kandivali office.This is not the first case of fraud at this EPFO branch. EPFO’s Kandivali office was also mired in another fraud case in February when the Central Bureau of Investigation (CBI) filed an FIR against eight EPFO employees who reportedly siphoned off Rs 21.5 crore via 817 migrant workers’ bank accounts.
 

EPFO Fraud Revealed: losses estimated at up to Rs 1,000 cr: reports

EPFO Fraud Revealed: losses estimated at up to Rs 1,000 cr

EPFO fraud unearthed 

The modus operandi is said to be creating bogus accounts and transfer funds

The EPFO branch in Mumbai has reportedly uncovered a massive fraud that could have losses running into a Rs 1000 cr as per reports.&nbsp; ET reports that staff at a Mumbai suburban office of EPFO allegedly created bogus accounts and transfer funds or settle claims in defunct companies such as <a href="https://www.editorji.com/business-news/jet-airways-ready-for-take-off-in-just-a-month-1658907379141">Jet Airways</a>. An internal inquiry is underway to ascertain what the actual loss to provident fund body is.&nbsp;
Unnamed sources told ET that <a href="https://www.editorji.com/business-news/personal-finance/new-wage-code-your-salary-pf-and-work-timings-can-change-from-today-1656650444342">PF</a> accounts of many pilots or crew members of Jet Airways were allegedly misused to siphon off funds, which reportedly benefited some EPFO officials working at Kandivali office. This is not the first case of fraud at this EPFO branch. EPFO&rsquo;s Kandivali office was also mired in another fraud case in February when the Central Bureau of Investigation (CBI) filed an FIR against eight EPFO employees who reportedly siphoned off Rs 21.5 crore via 817 migrant workers&rsquo; bank accounts.
Read More:- <a href="https://www.editorji.com/business-news/financial-fraud-on-the-rise-zerodha-sends-warning-1659598243087">Financial fraud on the rise, Zerodha sends warning</a>

Assam Police arrested two persons in Karimganj district on Friday for allegedly posing as CBI officers in order to extort money.

Two fake CBI officers arrested for extorting money from businessman in Assam 

On August 18, the police received a complaint from a businessman from the Patharkandi area who had received an extortion call demanding Rs 2 lakh from a 'CBI officer'.

Assam Police arrested two persons in Karimganj district on Friday for allegedly posing as CBI officers in order to extort money.
The arrested persons were identified as Dilwar Hussain and Rashid Ahmed.
Partha Pratim Das, Additional Superintendent of Police of Karimganj district, said that, on August 18, they had received a complaint from a businessman from the Patharkandi area.
"The businessman had received an extortion call and the person who used to impersonate himself as a CBI officer had demanded ₹ 2 lakh. Immediately we tracked the mobile phone number and launched an operation and apprehended two persons namely Dilwar Hussain and Rashid Ahmed. Rashid Ahmed had used the mobile phone of Dilwar Hussain and impersonated himself as a CBI officer," Mr Das said.
Police registered a case against the duo. Further investigation is underway.
Also Watch| <a href="https://www.editorji.com/india-news/seized-my-laptop-phone-and-some-files-manish-sisodia-after-15-hour-long-cbi-raid-1660965983075">'Seized my laptop, phone and some files': Manish Sisodia after 15-hour long CBI raid</a>

A fraud  that is unmatched in India, hit by it 17 banks that were defrauded of Rs 34,000 cr allegedly by the promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan.It exploded in 2019, when digital platform 'Cobrapost' claimed to have unearthed what it titled - 'India's biggest financial scam' perpetuated as per their expose by the then promoters of the company.  Cobrapost claimed that the scam has primarily been pulled off through grants of loans and advances to shell companies and by using other means leaving a large consortium of banks led by Union Bank with bad debt of over Rs 31,000 cr. A lot is at stake as this news breaks as DHFL is a listed NBFC in the business of lending money especially to promoters who are reportedly engaged in slum rehabilitation, housing development and other real estate businessCobrapost then went on to give pages worth of investigative material supporting their claim of a massive loan fraud. Lenders obviously panic and call for a special meeting and on  February 1, 2019 appointed KPMG to conduct a "special review audit" of DHFL from April 1, 2015 to December 31, 2018. Reportedly, KPMG, in its audit, red-flagged diversion of funds in the garb of loans and advances to related and interconnected entities and individuals of DHFL and its directors. 
The promoters of erstwhile DHFL, Kapil and Dheeraj Wadhawan are currently in jail in connection with the cases registered by CBI and the Enforcement Directorate for the alleged fraud caused to Yes Bank n connivance with the bank's cofounder Rana Kapoor who is also lodged at Taloja jail on the outskirts of Mumbai.
 

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam detailed

CBI has booked former promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan

A fraud&nbsp; that is unmatched in India, hit by it 17 banks that were defrauded of Rs 34,000 cr allegedly by the promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan. It exploded in 2019, when digital platform 'Cobrapost' claimed to have unearthed what it titled - 'India's biggest financial scam' perpetuated as per their expose by the then promoters of the company.&nbsp; Cobrapost claimed that the scam has primarily been pulled off through grants of loans and advances to shell companies and by using other means leaving a large consortium of banks led by Union Bank with bad debt of over Rs 31,000 cr.&nbsp; A lot is at stake as this news breaks as DHFL is a listed NBFC in the business of lending money especially to promoters who are reportedly engaged in slum rehabilitation, housing development and other real estate business Cobrapost then went on to give pages worth of investigative material supporting their claim of a massive loan fraud.&nbsp; Lenders obviously panic and call for a special meeting and on February 1, 2019 appointed KPMG to conduct a "special review audit" of DHFL from April 1, 2015 to December 31, 2018. Reportedly, KPMG, in its audit, red-flagged diversion of funds in the garb of loans and advances to related and interconnected entities and individuals of DHFL and its directors.&nbsp; Auditor Grant Thornton also in its 98-page report reportedy detailed the mode of operation of "round tripping" of funds through fake loans which focuses on 91 entities wherein the auditor found that no collateral or security was obtained before the grant of these loans. In total, 2.60 lakh "fake and fictitious" home loan accounts were created and over Rs 11,000 cr was 'disbursed'.
The promoters of erstwhile DHFL, Kapil and Dheeraj Wadhawan are currently in jail in connection with the cases registered by CBI and the Enforcement Directorate for the alleged fraud caused to Yes Bank n connivance with the bank's cofounder Rana Kapoor for allegedly involving kickbacks for investing in DHFL. Rana Kapoor is also lodged at Taloja jail on the outskirts of Mumbai.
To add to that agency has now unearthed a scam linked to the Pradhan Mantri Awas Yojana (PMAY). According to the CBI, Kapil and Dheeraj Wadhawan created "fake and fictitious" home loan accounts amounting to over Rs 14,000 crore and availed Rs 1,880 crore in interest subsidy from the Government of India. The CBI has named DHFL, Kapil Wadhawan, Dheeraj Wadhawan along with 13 others and they have been booked on charges of cheating, fraud and under relevant sections of the Prevention of Corruption Act.

Around a year after claiming that OneCoin would be the "Number One cryptocurrency worldwide", the company's founder Dr Ruja Ignatova vanished without a trace. And now, Ignatova, who called herself "cryptoqueen", has been added to the FBI's Most Wanted List.
She is accused of masterminding a massive scam worth $4 billion, or around ₹26,000 crore. The Federal Bureau of Investigation is offering up to $100,000 for information leading to her arrest.
To evade arrest, Ignatova is believed to have changed her appearance, possibly through plastic surgery. She has been missing since 2017, when she boarded a flight from Bulgaria to Greece.
Ignatova went on the run after bugging her boyfriend's house over suspicion that he was cooperating with the FBI, which turned out to be true.
ALSO WATCH | WhatsApp scams target IAS, police officers: 3 types of frauds, precautions explained
With massive hype, OneCoin had managed to secure over 30 lakh investors from more than 100 countries. But how exactly did the scam work?
Investigators have called the case a Ponzi scheme with a "virtual twist". Basically, Ignatova's company sold OneCoin tokens which were worthless. Customers were promised high returns with low risk.
An exchange to convert OneCoin into real currency was never set up. Additionally, OneCoin was not backed by crypto-technology like blockchain, which is a decentralised digital ledger.
ALSO WATCH | Beware of massive Crypto scam, here is what you need to know
Customers were also told to encourage people they knew to buy OneCoin. In return, these customers were given commission for selling the cryptocurrency.
Ponzi schemes usually collapse when fresh customers dry up, and the flow of money stops, as the main product has no real value. To keep investors enthused, Ignatova also claimed that an IPO was in the pipeline, but it never occurred.&nbsp;
Some arrests have taken place in the case. In 2019, Ruja Ignatova's brother Konstantin was arrested by the FBI. He reportedly pleaded guilty and struck a deal to cooperate with the government.
Along with Konstantin Ignatov, US corporate lawyer Mark Scott was convicted for laundering $400 million for OneCoin. However, the prominent face of the company remains at large.
Ruja Ignatova was born in Bulgaria in 1980. She speaks Bulgarian, English, and German. She studied law at Oxford, and also has a PhD from Konstanz university. She worked with consultancy firm McKinsey &amp; Company before setting up OneCoin in 2014.
Ignatova made big claims about OneCoin, even calling it the "Bitcoin killer". However, OneCoin could not be traded, and could not be used for buying things.
Here are some of the other lies Ignatova told her victims.
The company claimed that OneCoin's value was based on market supply and demand. However, investigators said that the value was actually decided arbitrarily by Ignatova and the other conspirators.
Another fake claim was that OneCoin was secured by a private blockchain, as opposed to a public blockchain like other cryptos. Investigators said that there was no blockchain at all. The company also said that the crypto was mined via servers, but investigators said that the crypto was not mined at all.
The crypto market is going through a low phase these days, with investors worried about inflation, recession, and geopolitical tension. However, the digital assets periodically see a wild rise in value, attracting investors in large numbers.
But cases like OneCoin should act as a cautionary tale for investors looking to make easy money. With crypto regulations yet to catch up, people need to be careful about where they put their hard-earned cash.

₹26,000 crore crypto scam: OneCoin founder had plastic surgery done to evade FBI? | Ruja Ignatova

USA's Federal Bureau of Investigation (FBI) is offering up to $100,000 for information leading to OneCoin founder Ruja Ignatova's arrest.

Around a year after claiming that OneCoin would be the "Number One cryptocurrency worldwide", the company's founder Dr Ruja Ignatova vanished without a trace. And now, Ignatova, who called herself "cryptoqueen", has been added to the FBI's Most Wanted List.
She is accused of masterminding a massive scam worth $4 billion, or around ₹26,000 crore. The Federal Bureau of Investigation is offering up to $100,000 for information leading to her arrest.
To evade arrest, Ignatova is believed to have changed her appearance, possibly through plastic surgery. She has been missing since 2017, when she boarded a flight from Bulgaria to Greece.
Ignatova went on the run after bugging her boyfriend's house over suspicion that he was cooperating with the FBI, which turned out to be true.
ALSO WATCH | <a href="https://www.editorji.com/crime-news/whatsapp-scams-target-ias-police-officers-3-types-of-frauds-precautions-explained-1656348489821" target="_blank">WhatsApp scams target IAS, police officers: 3 types of frauds, precautions explained</a>
With massive hype, OneCoin had managed to secure over 30 lakh investors from more than 100 countries. But how exactly did the scam work?
Investigators have called the case a Ponzi scheme with a "virtual twist". Basically, Ignatova's company sold OneCoin tokens which were worthless. Customers were promised high returns with low risk.
An exchange to convert OneCoin into real currency was never set up. Additionally, OneCoin was not backed by crypto-technology like blockchain, which is a decentralised digital ledger.
ALSO WATCH | <a href="https://www.editorji.com/business-news/beware-of-massive-crypto-scam-here-is-what-you-need-to-know-1656310069965" target="_blank">Beware of massive Crypto scam, here is what you need to know</a>
Customers were also told to encourage people they knew to buy OneCoin. In return, these customers were given commission for selling the cryptocurrency.
Ponzi schemes usually collapse when fresh customers dry up, and the flow of money stops, as the main product has no real value. To keep investors enthused, Ignatova also claimed that an IPO was in the pipeline, but it never occurred.&nbsp;
Some arrests have taken place in the case. In 2019, Ruja Ignatova's brother Konstantin was arrested by the FBI. He reportedly pleaded guilty and struck a deal to cooperate with the government.
Along with Konstantin Ignatov, US corporate lawyer Mark Scott was convicted for laundering $400 million for OneCoin. However, the prominent face of the company remains at large.
Ruja Ignatova was born in Bulgaria in 1980. She speaks Bulgarian, English, and German. She studied law at Oxford, and also has a PhD from Konstanz university. She worked with consultancy firm McKinsey &amp; Company before setting up OneCoin in 2014.
Ignatova made big claims about OneCoin, even calling it the "Bitcoin killer". However, OneCoin could not be traded, and could not be used for buying things.
Here are some of the other lies Ignatova told her victims.
The company claimed that OneCoin's value was based on market supply and demand. However, investigators said that the value was actually decided arbitrarily by Ignatova and the other conspirators.
Another fake claim was that OneCoin was secured by a private blockchain, as opposed to a public blockchain like other cryptos. Investigators said that there was no blockchain at all. The company also said that the crypto was mined via servers, but investigators said that the crypto was not mined at all.
The crypto market is going through a low phase these days, with investors worried about inflation, recession, and geopolitical tension. However, the digital assets periodically see a wild rise in value, attracting investors in large numbers.
But cases like OneCoin should act as a cautionary tale for investors looking to make easy money. With crypto regulations yet to catch up, people need to be careful about where they put their hard-earned cash.

A 50-year-old Indian-origin tech entrepreneur has been arrested in the US for an alleged investment scheme that defrauded more than 10,000 victims of over USD 45 million and netted him several luxury cars and real estate.
Neil Chandran, of Las Vegas in Nevada, was arrested on Wednesday in Los Angeles, the Department of Justice said.
According to the indictment, Chandran owned a group of technology companies that he used in a scheme to defraud investors by falsely promising extremely high returns on the premise that one or more of his companies, operated under the banner of “ViRSE,” was about to be acquired by a consortium of wealthy buyers.
Chandran’s companies — which included Free Vi Lab, Studio Vi Inc., ViDelivery Inc, ViMarket Inc, and Skalex USA Inc, among others — developed virtual-world technologies, including their own cryptocurrency, for use in the companies’ own metaverse.
The indictment alleges that Chandran caused other individuals to make various materially false and misleading representations to investors, including that investors in his companies would soon receive extremely high returns when one or more of those companies was purchased by a group of wealthy buyers.
In fact, according to the indictment, there was no such buyer group that was about to purchase the companies for the claimed returns; a substantial portion of the funds was misappropriated for other business ventures and the personal benefit of Chandran and others, including the purchase of luxury cars and real estate; and there were no prominent billionaires involved in purchasing Chandran’s companies.
Chandran is charged with three counts of wire fraud and two counts of engaging in monetary transactions in the criminally derived property.
If convicted, Chandran faces up to 20 years in prison for each of the wire fraud counts and up to 10 years in prison for each count of engaging in unlawful monetary transactions.
The indictment also alleges that 100 different assets — bank accounts, real estate, and luxury vehicles, including 39 Tesla vehicles — are subject to forfeiture as proceeds of the fraud.
US Marshals and the FBI are seizing most of the assets pending the resolution of the criminal case.

US: Indian-origin tech entrepreneur held for USD 45 million investment fraud

Neil Chandran, of Las Vegas in Nevada, was arrested on Wednesday in Los Angeles, the Department of Justice said.

A 50-year-old Indian-origin tech entrepreneur has been arrested in the US for an alleged investment scheme that defrauded more than 10,000 victims of over USD 45 million and netted him several luxury cars and real estate.
Neil Chandran, of Las Vegas in Nevada, was arrested on Wednesday in Los Angeles, the Department of Justice said.
According to the indictment, Chandran owned a group of technology companies that he used in a scheme to defraud investors by falsely promising extremely high returns on the premise that one or more of his companies, operated under the banner of &ldquo;ViRSE,&rdquo; was about to be acquired by a consortium of wealthy buyers.
Chandran&rsquo;s companies &mdash; which included Free Vi Lab, Studio Vi Inc., ViDelivery Inc, ViMarket Inc, and Skalex USA Inc, among others &mdash; developed virtual-world technologies, including their own cryptocurrency, for use in the companies&rsquo; own metaverse.
The indictment alleges that Chandran caused other individuals to make various materially false and misleading representations to investors, including that investors in his companies would soon receive extremely high returns when one or more of those companies was purchased by a group of wealthy buyers.
Also Watch| <a href="https://www.editorji.com/business-news/stock-market-manipulator-faces-380-years-in-jail-1651147967130" target="_blank">Stock market manipulator faces 380 years in jail</a>
In fact, according to the indictment, there was no such buyer group that was about to purchase the companies for the claimed returns; a substantial portion of the funds was misappropriated for other business ventures and the personal benefit of Chandran and others, including the purchase of luxury cars and real estate; and there were no prominent billionaires involved in purchasing Chandran&rsquo;s companies.
Chandran is charged with three counts of wire fraud and two counts of engaging in monetary transactions in the criminally derived property.
If convicted, Chandran faces up to 20 years in prison for each of the wire fraud counts and up to 10 years in prison for each count of engaging in unlawful monetary transactions.
The indictment also alleges that 100 different assets &mdash; bank accounts, real estate, and luxury vehicles, including 39 Tesla vehicles &mdash; are subject to forfeiture as proceeds of the fraud.
US Marshals and the FBI are seizing most of the assets pending the resolution of the criminal case.

Beware! Behind that WhatsApp message from a new number with your friend's profile picture could be a fraudster. WhatsApp scams have started cropping up in alarming numbers recently. And they're growing more and more audacious.
Recently, a senior IAS officer in Jammu and Kashmir claimed that he had become a victim of cyber fraud. Shahid Choudhary accused scamsters of impersonating him on WhatsApp by using his photograph. The criminals allegedly contacted Choudhary's friends and colleagues and sought financial help.
Days earlier, Chandigarh's police chief was targeted in a similar way. Fraudsters posed as Praveer Ranjan on WhatsApp and asked the DGP's acquintances to send Amazon gift cards.
ALSO WATCH | Revealed: who's behind hack attacks on India over Islamic Prophet Mohammad row
In March, a similar scam took place in Kerala. A teacher in Kollam was duped of ₹14 lakh after fraudsters sent WhatsApp messages posing as Kerala's police chief. The teacher was told that she had won the lottery and would be booked if tax was not paid on the winnings. The number used to send the messages was reportedly registered in an Assam native's name.
Recent cases have highlighted at least 3 types of common scams which are perpetrated through WhatsApp and Facebook.
The first is WhatsApp hijacking. Scamsters try to log into their target's WhatsApp account by using that person's phone number. Then, to get the verification pin, the criminals pose as WhatsApp technicians. If the target shares the PIN, then scamsters gain access to the person's WhatsApp account. Subsequently, they send messages to the target's friends and family seeking money, or further OTPs.
ALSO WATCH | Crypto heist: top 5 blockchain thefts of all time
The second type is the WhatsApp DP scam which we told you about earlier. For this, a WhatsApp account is created using a fake or virtual SIM. Then a government official's photograph is set as the profile picture. Subsequently, messages are sent to unsuspecting people seeking money or other favours.
Another type of scam involves fake Facebook accounts. In this, scamsters create fake accounts of their targets and then contact the target's friends and family. Covid troubles, and financial crisis are common excuses used by scamsters to seek money in this type of con.
With such cases emerging in various parts of the country, authorities have been spreading awareness and telling people how to stay safe.
Some of the basic precautions include not replying to messages from unknown numbers even if the profile picture is of a person whom you know. Do not transfer money without verifying the request offline with the person asking for help.
Do not share OTPs, passwords, bank details, and credit and debit card information under any circumstances. Do not install remote access apps, and do not click on suspicious links. Also, secure your social media accounts by enabling two-factor authentication.
Cyber criminals prey on people's lack of awareness to carry out their cons. So share this information as widely as possible to make such scams virtually impossible.

WhatsApp scams target IAS, police officers: 3 types of frauds, precautions explained

Recently, a senior IAS officer in Jammu and Kashmir, and the police chief of Chandigarh claimed that they were impersonated on WhatsApp by scammers who contacted their acquaintances to fleece them.

Beware! Behind that WhatsApp message from a new number with your friend's profile picture could be a fraudster. WhatsApp scams have started cropping up in alarming numbers recently. And they're growing more and more audacious.
Recently, a senior IAS officer in Jammu and Kashmir claimed that he had become a victim of cyber fraud. Shahid Choudhary accused scamsters of impersonating him on WhatsApp by using his photograph. The criminals allegedly contacted Choudhary's friends and colleagues and sought financial help.
Days earlier, Chandigarh's police chief was targeted in a similar way. Fraudsters posed as Praveer Ranjan on WhatsApp and asked the DGP's acquintances to send Amazon gift cards.
ALSO WATCH | <a href="https://www.editorji.com/india-news/revealed-who-s-behind-hack-attacks-on-india-over-islamic-prophet-mohammad-row-1655309809162" target="_blank">Revealed: who's behind hack attacks on India over Islamic Prophet Mohammad row</a>
In March, a similar scam took place in Kerala. A teacher in Kollam was duped of ₹14 lakh after fraudsters sent WhatsApp messages posing as Kerala's police chief. The teacher was told that she had won the lottery and would be booked if tax was not paid on the winnings. The number used to send the messages was reportedly registered in an Assam native's name.
Recent cases have highlighted at least 3 types of common scams which are perpetrated through WhatsApp and Facebook.
The first is WhatsApp hijacking. Scamsters try to log into their target's WhatsApp account by using that person's phone number. Then, to get the verification pin, the criminals pose as WhatsApp technicians. If the target shares the PIN, then scamsters gain access to the person's WhatsApp account. Subsequently, they send messages to the target's friends and family seeking money, or further OTPs.
ALSO WATCH |<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-heist-top-5-blockchain-thefts-of-all-time-1648633725093" target="_blank"> Crypto heist: top 5 blockchain thefts of all time</a>
The second type is the WhatsApp DP scam which we told you about earlier. For this, a WhatsApp account is created using a fake or virtual SIM. Then a government official's photograph is set as the profile picture. Subsequently, messages are sent to unsuspecting people seeking money or other favours.
Another type of scam involves fake Facebook accounts. In this, scamsters create fake accounts of their targets and then contact the target's friends and family. Covid troubles, and financial crisis are common excuses used by scamsters to seek money in this type of con.
With such cases emerging in various parts of the country, authorities have been spreading awareness and telling people how to stay safe.
Some of the basic precautions include not replying to messages from unknown numbers even if the profile picture is of a person whom you know. Do not transfer money without verifying the request offline with the person asking for help.
Do not share OTPs, passwords, bank details, and credit and debit card information under any circumstances. Do not install remote access apps, and do not click on suspicious links. Also, secure your social media accounts by enabling two-factor authentication.
Cyber criminals prey on people's lack of awareness to carry out their cons. So share this information as widely as possible to make such scams virtually impossible.

A mega crypto scam has been uneathed by AI threat predictor firm CloudSEK that warns that this new fraud already underway coud make innocent investors lose over Rs 1000 cr. So be aware before you are a victim of this crypto trading trap. Here's how the scam works, as per CloudSEK.

Fake domain created: The fake domains are developed in a way that they replicate the official website’s dashboard and user experience
Fake social media presence: The fraudsters create a female profile on social media to approach the potential victim and establish a friendship.
Online 'promotion' and give-aways: The fake social influencer shares a $100-dollar credit, as a gift to a particular crypto exchange, which in this case is a duplicate of a legitimate crypto exchange to entice investor. 
Trading trust: After 'winning' with the $100 credit provided the investor is encouraged to add their own money to make even bigger wins. Here is where the trap happens. As soon as the investor adds their own money, the fraudsters sieze the account and block access to the funds. 
No recourse: As crypto trading is not regulated in India there is no recourse for the same, investors can just pursue a case under cyber crime with a local authority.

Last month, a resident from the upscale residential area in Mumbai was duped by more than Rs 1.5 crore in fraudulent cryptocurrency investment. The 36-year-old resident accused a website of trapping him into investing in crypto mining schemes. 
.

Crypto scam: Over Rs 1000 cr worth of fraud in India says reports

Fake crypto exchanges have defrauded 'investors' of up to ₹1,000 cr, here is what you need to know to be safe from a roaring Crypto Scam

Beware of massive Crypto scam, here is what you need to know

CloudSEK said it uncovered a gamut of phishing domains and Android applications

A mega crypto scam has been unearthed by AI threat predictor firm CloudSEK that warns that this new fraud already underway could make innocent investors lose over Rs 1000 cr. So be aware before you are a victim of this crypto trading trap.&nbsp;
Also read/watch| <a title="Zero-star-hotel: Find out why hundreds are booking a room here" href="https://www.editorji.com/business-news/zero-star-hotel-find-out-why-hundreds-are-booking-a-room-here-1656316110854">Zero-star-hotel: Find out why hundreds are booking a room here</a> Here's how the scam works, as per CloudSEK:
<ul>
<li>Fake domain created: The fake domains are developed in a way that they replicate the official website&rsquo;s dashboard and user experience</li>
<li>Fake social media presence: The fraudsters create a female profile on social media to approach the potential victim and establish a friendship.</li>
<li>Online 'promotion' and give-aways: The fake social influencer shares a $100-dollar credit, as a gift to a particular crypto exchange, which in this case is a duplicate of legitimate crypto exchange to entice investor.&nbsp;</li>
<li>Trading trust: After 'winning' with the $100 credit provided the investor is encouraged to add their own money to make even bigger wins. Here is where the trap happens. As soon as the investor adds their own money, the fraudsters seize the account and block access to the funds.&nbsp;</li>
<li>No recourse: As crypto trading is not regulated in India there is no recourse for the same, investors can just pursue a case under cyber crime with a local authority.</li>
</ul>
Last month, a resident from the upscale residential area in Mumbai was duped by more than Rs 1.5 crore in fraudulent cryptocurrency investment. The 36-year-old resident accused a website of trapping him into investing in crypto mining schemes.&nbsp;

Indian-born South African citizens Atul and Rajesh Gupta are at the centre of a state scandal involving corruption. After 4 years of investigation, the 'Gupta Brothers' have been arrested in Dubai in connection with charges that  led to former South African president Jacob Zuma’s resignation and arrest.Gupta brothers were being sought for fraud and money laundering after allegations that they used their close links with former president Zuma to wield enormous political power across all levels of South African government. Gupta brothers were accused of vetting ministerial appointments and of using their influence to siphon money from state contracts. Reports also highlights Zuma's wives, as well as a son and daughter, had positions working in senior roles for Gupta-controlled companies.After allegations surfaced in 2018 and raids were conducted, within hours resident Zuma had announced his resignation, and the three Gupta brothers were found to have vanished abroad. An interpol notice was finally sent in 2022 and the brothers now nabbed in Dubai. The family migrated from Uttar Pradesh to South Africa in 1993 to establish Sahara Computers in Johannesburg. As per reports in 2016 their net holding ranked them in the top 10 richest in South Africa. 

Who are the 'Gupta brothers' who are arrested in Dubai?

Guptas came to South Africa in 1993 to build a sprawling business empire in mining, computer technology and media

Indian-born South African citizens&nbsp;Atul and Rajesh Gupta are at the centre of a state scandal involving corruption. After 4 years of investigation, the 'Gupta Brothers' have been arrested in Dubai in connection with charges that&nbsp;&nbsp;led to former South African president Jacob Zuma&rsquo;s resignation and arrest. Gupta brothers were being sought for fraud and money laundering after allegations that they used&nbsp;their close links with former president&nbsp;Zuma to wield enormous political power across all levels of South African government. Gupta brothers were accused of vetting ministerial appointments and of using their influence to siphon money from state contracts.&nbsp; Reports also highlights&nbsp;Zuma's wives, as well as a son and daughter, had positions working in senior roles for Gupta-controlled companies. After allegations surfaced in 2018 and raids were conducted,&nbsp;within hours resident Zuma had announced his resignation, and the three Gupta brothers were found to have vanished abroad. An interpol&nbsp;notice was finally sent in 2022 and the brothers now nabbed in Dubai. &nbsp; The family migrated from Uttar Pradesh to South Africa in 1993 to establish Sahara Computers in Johannesburg. As per reports in 2016 their net holding ranked them in the top 10 richest in South Africa.&nbsp;

Your Rs 500 note could be fake! The number of fake notes in circulation for the popular Rs 500 denomination has risen a 101% over the last one year as per a report from the RBI. But it is not just Rs 500 even fake notes of Rs 2,000 increased by 55% in 2021-22 over the previous fiscal year.Here is how you can check if your note is fake or real as the RBI has put put clear indicators. 

See-through register with denominational numeral 500 is present on the extreme left side of the ₹500 note.
Latent image with the denomination numeral 500 is visible as light is shed on it. 
500 will also be written in Devanagari on the currency note
The orientation and relative position of Mahatma Gandhi portrait changed.The portrait of the father of the nation appears in the centre.
When the currency note is bent, the security head colour will change from green to indigo.
Governor's signature, guarantee clause, promise clause, and RBI emblem have moved to the right of the currency note
Mahatma Gandhi's photo and electrotype watermark are there on the currency note.

For more details on how to check for fake notes, you can log onto the RBI's website
After falling in 2020-21, counterfeit notes recorded a 10.7 per cent uptick in 2021-22.According to the RBI report, counterfeit notes of all denominations have increased in the financial year 2021-22

Fake Rs 500 notes! RBI warns of big surge , here is how to check if your note is fake

RBI warns of big surge, here is how to check if your note is fake

Flurry of fake Rs 500 notes! 

Rs 500 fake currency notes surge 102% in FY22, says RBI annual report

Your Rs 500 note could be fake! The number of fake notes in circulation for the popular Rs 500 denomination has risen a 101% over the last one year as per a report from the RBI. But it is not just Rs 500 even fake notes&nbsp;of Rs 2,000 increased by 55% in 2021-22 over the previous fiscal year.
Also read/watch| <a title="India GDP: The slowdown starts to seep in firmly" href="https://www.editorji.com/business-news/economy/india-gdp-the-slowdown-starts-to-seep-in-firmly-1653894328260">India GDP: The slowdown starts to seep in firmly</a> Here is how you can check if your note is fake or real as the RBI&nbsp;has put put clear indicators.&nbsp;
<ul>
<li>See-through register with denominational numeral 500 is present on the extreme left side of the&nbsp;₹500 note.</li>
<li>Latent image with the denomination numeral 500 is visible as light is shed on it.&nbsp;</li>
<li>500 will also be written in Devanagari on the currency note</li>
<li>The orientation and relative position of Mahatma Gandhi portrait changed.The portrait of the father of the nation appears in the centre.</li>
<li>When the currency note is bent, the security head colour will change from green to indigo.</li>
<li>Governor's signature, guarantee clause, promise clause, and RBI emblem have moved to the right of the currency note</li>
<li>Mahatma Gandhi's photo and electrotype watermark are there on the currency note.</li>
</ul>
For more details on how to check for fake notes, you can log onto the <a href="Mahatma Gandhi's photo and electrotype watermark are there on the currency note.">RBI's website</a>
After falling in 2020-21, counterfeit notes recorded a 10.7 per cent uptick in 2021-22.According to the RBI report, counterfeit notes of all denominations have increased in the financial year 2021-22

A case from Assam grabs the spotlight where a female constable, Junmoni Rabha made an arrest of her fiance on the charges of cheating. The man, named Rana Pogag claimed to be a PRO (Public Relations Officer) at Oil and Natural Gas Corporation (ONGC) but was allegedly involved in some illegal activities, Rana used to rob people by taking lakhs of rupees from them in return for giving jobs to them in the government-owned oil and gas explorer and producer.When Junmoni Rabha came to know about this from three people who approached her with evidence, she filed an FIR against the conman and told the media "I am grateful to the three people who came to me with information about him (Rana Pogag) on how big a fraud he is. They opened my eyes,"Rana and Junmoni were engaged in October last year and this year duo was all set to get married.

Female Constable arrested her fiance on charges of cheating and robbing people

Rana&nbsp;used to rob people by taking&nbsp;lakhs of money from them in return for giving jobs to them in the government-owned oil and gas explorer and producer.

'What are you willing to do for love?' - this is a question that is asked many times but a cop from Assam has answered a question that is hardly ever posed. 'What are you willing to do for duty?'
Sub-inspector Junmoni Rabha from Assam arrested her fiance on charges of cheating after she found out that he was a fraud.
The man, Rana Pogag, claimed to be a PRO (Public Relations Officer) at Oil and Natural Gas Corporation (ONGC) but was allegedly involved in illegal activities. Rana allegedly cheated people of lakhs&nbsp;of rupees by promising them jobs in ONGC.
ALSO WATCH:&nbsp;<a href="https://www.editorji.com/crime-news/molested-in-mumbai-club-washroom-british-woman-nabs-accused-who-is-mba-graduate-1651825098392" target="_blank">Molested in Mumbai club washroom, British woman nabs accused who is MBA graduate</a>
Junmoni Rabha came to know about Rana's scam after three people approached her with evidence. She filed an FIR against the conman and arrested him
Rana and Junmoni got engaged in October last year and were set to be married this November.

A con man posing as an army officer was apprehended by Kolkata Police. The con was elaborate and so was the process of apprehending the artist behind it.  
A man calling himself ‘Lieutenant Shivam Pandey’ led people to believe that he was an officer of the army from the Srinagar-based Chinar Corps unit. Taking his con a step further and making it seem more believable to the untrained eye, the Pandey even wrote a book titled ‘Untold Story from the Indian Army’.  
Pandey also tried to persuade Meta to put a blue tick against his account for authentication. He would post extensively on social media about his real-life experiences in the army and using the platform to promote his book. 
The army, however, caught on. The military intelligence flagged his profile while monitoring social media activity. Pandey was finally nabbed after a month of surveillance. His four ‘body guards’ have also been arrested. Pandey was wearing military fatigues even during the time of his arrest and had a fake Army identity card and multiple writing pads with the Army’s letterhead, according to reports. Pandey’s real name is yet to be revealed.

Man who ran an elaborate con while posing as Army officer nabbed

A con man posing as an army officer was apprehended by Kolkata Police. The con was elaborate and so was the process of apprehending the artist behind it. &nbsp;
A man calling himself &lsquo;Lieutenant Shivam Pandey&rsquo; led&nbsp;people to believe that he was an officer of the army from the Srinagar-based Chinar Corps unit. Taking his con a step further and making it seem more believable to the untrained eye, Pandey even wrote a book titled &lsquo;Untold Story from the Indian Army&rsquo;. &nbsp;
Pandey also tried to persuade Meta to put a blue tick against his account for authentication. He would post extensively on social media about his real-life experiences in the army and using the platform to promote his book.&nbsp;
The army, however, caught on. The military intelligence flagged his profile while monitoring social media activity. Pandey was finally nabbed after a month of surveillance. His four &lsquo;body guards&rsquo; have also been arrested. Pandey was wearing military fatigues even during the time of his arrest and had a fake Army identity card and multiple writing pads with the Army&rsquo;s letterhead, according to reports. Pandey&rsquo;s real name is yet to be revealed.

A con man posing as an army officer was apprehended by Kolkata Police. The con was elaborate and so was the process of apprehending the artist behind it.

A con man posing as an army officer was apprehended by Kolkata Police. The con was elaborate and so was the process of apprehending the artist behind it. &nbsp;
A man calling himself &lsquo;Lieutenant Shivam Pandey&rsquo; led&nbsp;people to believe that he was an officer of the army from the Srinagar-based Chinar Corps unit. Taking his con a step further and making it seem more believable to the untrained eye, the Pandey even wrote a book titled &lsquo;Untold Story from the Indian Army&rsquo;. &nbsp;
Pandey also tried to persuade Meta to put a blue tick against his account for authentication. He would post extensively on social media about his real-life experiences in the army and using the platform to promote his book.&nbsp;
Also watch:&nbsp;<a href="https://www.editorji.com/india-news/luxury-cars-jewellery-more-inside-details-on-bsf-officer-arrested-in-rs-125-crore-fraud-case-1642383987772">Luxury cars, jewellery &amp; more: inside details on BSF officer arrested in Rs 125 crore fraud case</a>
The army, however, caught on. The military intelligence flagged his profile while monitoring social media activity. Pandey was finally nabbed after a month of surveillance. His four &lsquo;body guards&rsquo; have also been arrested. Pandey was wearing military fatigues even during the time of his arrest and had a fake Army identity card and multiple writing pads with the Army&rsquo;s letterhead, according to reports. Pandey&rsquo;s real name is yet to be revealed.

fraud

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