Tag Archives: Fraud

A police case has been registered against an Indian Foreign Service (IFS) officer and her husband for allegedly defrauding a Lucknow-based doctor of over ₹64 lakh under the guise of investment. The incident has raised serious concerns about trust and integrity among individuals in esteemed positions.

Food delivery giant Swiggy, in its latest financial report for 2023-24, has revealed that a former junior employee embezzled over ₹33 crore from one of its subsidiaries. The disclosure, part of Swiggy's annual report, highlights concerns over corporate governance within the company, especially given the large scale of the fraud attributed to a lower-level employee.

Ankiti Bose, the former CEO of fashion e-commerce giant Zilingo, has lodged a criminal complaint against co-founder Dhruv Kapoor and ex-COO Aadi Vaidya, accusing them of cheating, criminal intimidation, conspiracy, and harassment. The allegations shed light on internal conflicts within the company and raise concerns about corporate governance.

In a shocking revelation, an Indian-origin woman has alleged that she was duped of a staggering ₹13.5 crore by a manager at ICICI Bank through purported fraudulent activities. Shveta Sharma, who returned to India from the United States in 2016, claims she entrusted her savings to the bank for investment in fixed deposits, only to discover that her entire life savings had vanished.

In a chilling demonstration of the capabilities of deepfake technology, a multinational company in Hong Kong has fallen prey to a sophisticated scam amounting to a staggering $25.6 million (over ₹200 crore). Hong Kong police have revealed that the perpetrators orchestrated the entire fraud through the ingenious manipulation of video conferencing, utilizing deepfake technology to create convincing replicas of company personnel.