Banks (Finance)
The cooperative department in Thiruvananthapuram is set to launch an inquiry under Section 68(1) of the Kerala Cooperative Societies Rules to investigate alleged financial irregularities at the Nemom Service Cooperative Bank. This move comes after a preliminary probe conducted under Section 65 revealed a fraud amounting to Rs 112
Banks (Finance)
The Hong Kong Monetary Authority has issued an alert warning the public about reported fraudulent websites, internet banking login screens, and phishing emails by several banks in Hong Kong. The alert comes after Bank of Singapore Limited, China CITIC Bank International Limited, and OCBC Bank (Hong Kong) Limited reported various
Banks (Finance)
The Nigeria Deposit Insurance Corporation (NDIC) has underscored the pressing need for sustained cooperation with law enforcement agencies to combat insider abuses, financial malpractices, and fraud in Nigeria's banking sector. At the 2025 Capacity-Building Workshop for Law Enforcement Agencies held in Lagos, NDIC Acting Managing Director, Mrs. Emily
Banks (Finance)
The UK Government has launched an ambitious effort to clamp down on public sector fraud, with a series of new measures aimed at minimizing the misuse of taxpayer money. According to the Department for Work and Pensions (DWP), these reforms are expected to save the taxpayer £1.5 billion over
Banks (Finance)
Hong Kong Monetary Authority has issued a scam alert warning the public about fraudulent websites, internet banking login screens, and phishing emails that may lead to financial losses. The affected banks include The Bank of East Asia, Limited, Shanghai Commercial Bank Limited, and Chong Hing Bank Limited. The HKMA emphasizes
Banks (Finance)
US District Judge Ann Donnelly rejected Huawei's request to dismiss the 16-count federal indictment against the company, citing allegations of stolen technology, racketeering, wire and bank fraud, and other crimes. The judge ruled that Huawei's arguments were premature and that the company must face the charges.
Banks (Finance)
Anil Ambani's lawyers have launched a scathing defense against allegations of fraud made by the State Bank of India (SBI). The defense claims that SBI's statement comes after a year of the bank ignoring Ambani's requests for information, and that the bank has failed
Banks (Finance)
A title insurance company, Old Republic National Title Insurance Company, brought a lawsuit against Simmons Bank for allegedly accepting and processing a fraudulent check related to a real estate transaction. However, the court ruled that it lacks personal jurisdiction over the bank, dismissing the lawsuit. This decision was based on
Banks (Finance)
Aiden Greene, 33, of no fixed address, was sentenced by Southampton magistrates for 12 offences committed across Hampshire and Dorset. Greene's crimes included stealing bank cards, cash, a driving licence, wallet, iPhone, and items of clothing, as well as committing fraud by false representation and handling stolen goods.
Banks (Finance)
Abhimanyu Bhoan, the former CEO of the New India Cooperative Bank, has been denied interim protection from arrest in a loan fraud case involving the Percept Group, a prominent entertainment and media conglomerate. The special court's decision comes as Bhoan is already under judicial custody for allegedly embezzling
Banks (Finance)
A software engineer based in Pimpri-Chinchwad was duped of Rs 48 lakh in an online share trading fraud by cyber scammers who contacted him on WhatsApp, assuring huge returns on investment. The scammers added the victim to a WhatsApp group, asked him to download a fraudulent app called 'MOIA&
Banks (Finance)
In a massive cheating case, a gang in Mumbai was busted by police after they impersonated hotel directors on social media and stole bank account details from unsuspecting individuals. The gang would promise attractive deals and expenses, only to take control of the victims' bank accounts and use them
