Banks (Finance)
The investigation into the multi-crore fraud committed by two HDFC Bank employees in the Shopian branch has led to the lodging of an FIR against the former branch managers, Irfan Zargar and Aadil Ayub. The alleged fraud, which surfaced in June this year, involved the diversion of funds using forged
Banks (Finance)
Toba tek singh -- FIA's Faisalabad circle arrested a man allegedly involved in a Rs36.2 million banking fraud. An FIA official says Hassan Raza, who was arrested in Hassanpura, Faisalabad, was an employee of a private bank. He, along with some other bank officials, allegedly misappropriated US$
Banks (Finance)
The Hong Kong Monetary Authority has issued a warning about a new phishing scam that targets banking customers through fake websites and emails. The scam asks customers to provide sensitive information, such as login passwords or one-time passwords, which is a common tactic used by cybercriminals to steal financial information.
Banks (Finance)
A Leominster man, 31-year-old Jesse El-Ghoul, has been indicted by a federal grand jury in Boston for allegedly stealing $1,355,863 by depositing a forged tax refund check and laundering the money through shell companies and real estate. The indictment includes charges of theft of government funds, bank fraud,
Banks (Finance)
The Civil Police of Piaui carried out Operation Hard Reset, a coordinated effort with the Civil Police of Goias, to dismantle a transnational cybercrime organization that had been hacking into judicial systems and committing financial crimes. The investigation began after a Piaui magistrate's institutional credentials were hacked, allowing
Banks (Finance)
Industrialist Anil Ambani appeared before the Enforcement Directorate (ED) in New Delhi, summoned for questioning as part of its money laundering probe into a Rs 3,000 crore bank loan fraud involving companies of the Reliance Anil Dhirubhai Ambani Group. The probe agency is investigating allegations of illegal diversion of
Banks (Finance)
The Hong Kong Monetary Authority has issued a scam alert warning members of the public about fake websites, internet banking login screens, and phishing emails from several banks in Hong Kong. The affected banks include The Bank of East Asia, Shanghai Commercial Bank Limited, Chong Hing Bank Limited, and Ant
Banks (Finance)
An arrest in Bangkok has uncovered a significant bank account scam, leading to substantial financial losses. Surayut Kungseng, a 25-year-old man, was arrested for selling his bank accounts for 3,000 baht each, which were later used in fraudulent activities causing financial damage exceeding 11 million baht. The operation was
Banks (Finance)
Jesse El-Ghoul, a 31-year-old Leominster man, has been indicted by a federal grand jury in Boston for allegedly stealing $1,355,863 by depositing a forged tax refund check and laundering the money through shell companies and real estate transactions. El-Ghoul owned and operated Affordable Motor Group in Leominster and
Banks (Finance)
New South Wales police arrested two men, Bing "Michael" Li and Yizhe "Tony" He, for allegedly masterminding a large-scale fraud and money laundering scheme that targeted several major financial institutions. The syndicate, believed to have operated for seven years, allegedly used stolen personal information to apply
Banks (Finance)
In a significant judgment, the Supreme Court of the United Kingdom has overturned the convictions of two bank traders, Tom Hayes and Carlo Palombo, who were found guilty of conspiracy to defraud in relation to their involvement in the manipulation of the London Inter-bank Offered Rate (Libor) and the Euro
Banks (Finance)
A recent press release issued by the Hong Kong Monetary Authority has alerted the public to a fraudulent website, mobile application, and phishing instant messages scam targeting users of Welab Bank Limited's website and internet banking platforms. The scam involves fake websites, internet banking login screens, and phishing
