Financial Frauds: This case once again shows that the victims of fraud are not only less educated people or those who are away from technical knowledge, but even highly educated officers who have held high positions can fall into the trap of cyber and investment fraud. In this very sad incident that came to light from Punjab, fraudsters made a retired IPS officer a victim of fraud of about Rs 8.1 crore by luring him of quick profits in the stock market, after which he committed suicide due to mental pressure and despair.

IPS in the trap of fraud

According to a Hindustan Times report, a person claiming to be associated with the Development Bank of Singapore (DBS) and its CEO contacted the officer and introduced himself as a wealth manager of the bank. After this, they were linked to WhatsApp and Telegram groups, where they were encouraged to invest in the stock market by luring them with high returns. Initially, trust was won by showing fake profits and then pressure was created to invest the same profits again.

Trusting the officer, he borrowed money from friends and family and invested a huge amount. Later, when he wanted to withdraw the money, the fraudsters asked for more money in the name of tax, fees and other charges, which he sent through bank transfer, but despite this he could not get his amount.

Embraced death after cheating

In the 12-page suicide note, the retired IPS officer wrote that this entire fraud is highly organized and many bank accounts are involved in it. He appealed to the police to investigate the matter thoroughly and if possible, the defrauded amount should be recovered and returned to his family.

This incident not only highlights the growing threat of cyber fraud, but also warns that vigilance and investigation are necessary before making any claim of “guaranteed returns” in the name of investment.

Also read: Why did the Income Tax Department open 24×7 control room in Maharashtra? Know what is the reason

Indian-origin industrialist Bankim Brahmbhatt, who is the founder and CEO of Bankai Group, has been accused of a major financial scam (loan fraud) of about $500 million (approximately ₹4,400 crore) in the US. BlackRock, the world’s largest asset management company, its lending unit HPS Investment Partners, and other banks like BNP Paribas have accused Brahmbhatt and his telecom companies — Broadband Telecom and Bridgevoice — of obtaining loans through fake customer invoices, false accounts receivable and false documents. According to the complaint filed in the US court, the fraud was so large that it has been described as “breathtaking”. It is alleged that the companies transferred the loan amount to India and Mauritius and later filed for bankruptcy in August 2025. Soon after this, Bankim Brahmbhatt also applied for personal bankruptcy. Brahmbhatt has denied the allegations, but the case highlights the risks and lack of transparency in private credit markets. This incident shows how big investors and banks can face losses worth billions of rupees relying on fake documents.

Cyber crime in India is becoming unbridled. According to the recently released data by the Ministry of Home Affairs, there has been a tremendous increase in cases of cyber fraud across the country in the year 2024. While in 2023, there was a fraud of Rs 7,465 crore from cyber crime, in 2024, the figure rose by 206% to ₹ 22,845 crore.

Minister of State for Home Bundi Sanjay Kumar told the Lok Sabha that a total of 36.40 lakh financial fraud has been filed in 2024 at the National Cybercrime Reporting Portal (NCRP) and Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS). This figure is more than 24.4 lakh cases recorded in 2023.

Increasing crime, scary figures

According to the minister, in 2024, complaints of 22.7 lakh cyber crime were filed, while in 2023 this number was 15.9 lakhs. That is, cybercrime has increased by 42% in a year, which is a matter of concern for people across the country.

Government saved the money of many people

The government has taken several steps to deal with this challenge. With the help of CFCFRMS, the amount of about ₹ 5,489 crore has been rescued from fraud on the basis of 17.8 lakh complaints so far.

Apart from this, on the basis of police report, the central government has blocked more than 9.42 lakh SIM cards and 2,63,348 mobile IMEI. At the same time, 10,599 cyber criminals have been arrested so far with the help of Pratibimb module.

Avoid cyber fraud like this

Security measures suggested by cyber experts and government are as follows,

-Be cautious with covered links, emails and calls

-Use a strong password and turn on 2-Factor Authentication

-Open only the safe website (https)

-Do not share your personal information with anyone

-Keep your mobile and computer software updated regularly

-Do not do sensitive activities like public Wi-Fi to login or banking

Almost every celebrity is a personal manager in Bollywood. Those who handle everything of them which also include their bank account. Many times the celebrities trust their manager in trouble. Recently, Alia Bhatt has been cheated by her X manager. In whose charge, his X manager has been arrested.

It is being told that his X manager embezzled a large amount and has damaged Alia Bhatt’s production company and harmed him. After the arrest of the X manager, now the question is that how much can be punished if found guilty in such fraud cases? Let us tell you.

https://www.youtube.com/watch?v=ynldhxjwj6m

How much can be punished for fraud?

Alia Bhatt’s manager has cheated her about Rs 77 lakh. By embezzling this amount, he caused a big financial loss to Alia’s production company. Seeing the seriousness of the case, the police immediately took action and arrested the X manager. In such cases where someone is cheated and suffered financial loss.

Also read: You also have two voter ID cards? Know what can be punished by doing so

The law takes a very strict stance regarding this. Let us tell you that in such cases, if the accused is found guilty under Section 316 of the Indian Code, then he can be in jail for up to 7 years and fine or both. However, the court decides the punishment only after investigating all aspects of the case. Please tell that investigation is going on in this matter.

Also read: Can lions be raised at home in India too? Know what are the rules

These Bollywood stars have also been cheated

Alia Bhatt is not the only one with whom her close or reliable people have cheated. Earlier, her manager had made similar disturbances with Sushmita Sen too. An event company along with Shraddha Kapoor had cheated for the payment. So at the same time, in the name of Rajkumar Rao’s wife Patralekha, someone tried to make a fake mail. Even Amitabh Bachchan has been targeted several times in the name of fake companies and brands.

Also read: Nine people died due to bridge breakdown in Gujarat, can the family of victims file a case against anyone?

Gadgets 360 for Latest Tech News, Smartphone Review and exclusive offer on popular mobiles Android Download the app and us Google News Follow on

Sebi alert to investors: Market regulator SEBI has issued an alert and has alerted investors about fraud on social media. At the same time, he warned of unwanted messages from an unknown person and has asked them not to be a part of such WhatsApp ‘Group’ or ‘Communities’. It is being said that there have been very fast cases of website, fake app and fake contact number using the name of stock brokers or their officials. After which the units under the purview of regulation have been requested to take steps immediately. Also, it is said that they should check the status of registration of institutions on SEBI website for any kind of transaction or investment.

SEBI alert

SEBI has advised investors to use only trading applications. On Wednesday, the market regulator said that by issuing notice of taking precautions towards fake social media forums, which is another such alert in two months. A similar list was given by SEBI in April and was warned of fraud.

SEBI says that by using the name of celebrities or the CEO of a famous institution, by creating fake profiles on behalf of the institution that introduces itself as an expert in the stock market, direct investors are implicated. Along with this, they are implicated for a course related to trading or advice and psyche.

Use of celebrities

SEBI has found in its investigation that such units adopt many strategies to win the trust and trust of investors. These units send unwanted invitations as a link to names like ‘VIP Group’ or ‘Free Trading Course’ (free course of stock market business) (free course of stock market business) to join the WhatsApp group by targeting potential customers. These units often make fake profiles to make themselves trusted, showing them as a securities market expert.

In many cases, they also take fake forms of registered intermediaries, famous public personalities or CEOs of established organizations near SEBI. These units exploit investors by showing fake evidence of big profits. These evidence is also allegedly presented by other members of the group who are actually helpful in this scam. In such a situation, innocent investors are influenced by this misleading depiction and are motivated to transfer funds to the bank accounts of these companies.

Also read: Indusind Bank for the first time in two decades, bank made a big disclosure in internal report

Sebi notice to mehul choksi: The trouble of Punjab National Bank scam accused and Hirakarobari Mehul Choksi is constantly increasing. A notice of Rs 2.1 crore has been sent to Mehul Choksi from the market regulator SEBI. This notice has been given to Mehul Choksi in the case of a violation of the discriminatory business rules in the shares of Gitanjali James Limited.

On behalf of SEBI, Mehul Choksi has been warned to pay within 15 days or attach the property as well as bank accounts. This notice has been sent to the vigil after failing to pay the fine imposed by SEBI in the year 2022.

Mehul Choksi’s increased trouble

Significantly, Geetanjali is the chairman and managing director of James as well as Mehul Choksi, the maternal uncle, is the maternal uncle of Nirav Modi. Both of them are accused of cheating more than Rs 14,000 crore from public sector bank PNB. The entire case of PNB scam came to light in the early 2018. After this, both Chowki and Nirav Modi escaped from India. Last month, Choksi was arrested in Belgium after extradition request of Indian investigative agencies.

Property may be attached

Last year Mehul Choksi went to Belgium for treatment. He was living in Antigua since 2018 after leaving India. Nirav Modi was arrested by the Scotland Yard Police in March 2019 and he is currently in jail there. In the latest notice issued on 15 May, the Securities and Exchange Board of India (SEBI) directed Choksi to pay Rs 2.1 crore within 15 days. This includes a fine of Rs 1.5 crore and interest of Rs 60 lakh.

SEBI says that in the event of not paying the outstanding amount, he will attach and sell the amount by attaching and selling his movable and immovable properties. Apart from this, bank accounts of vigil can also be attached and can also be arrested. In his order passed in January 2022, SEBI imposed a fine of Rs 1.5 crore on Choksi and banned it from the securities market for one year.

SEBI found that Choksi informed Rakesh Girdharlal Gajera about unpublished sensitive information (UPSI), who sold his entire 5.75 percent stake in Geetanjali James in December 2017 to avoid damage before any incident. At that time it was feared that the Gitanjali group could have revealed the release of a letter of undertaking from fraud. It was found that fraudulent guarantee letters were issued by units related to Gitanjali Group.

Also read: Big update regarding 8th Pay Commission! Know how much the salary of government babus can increase now

Ed Action on Mumbai Builder: The Enforcement Directorate (ED) regional office Mumbai has taken major action against the builder Lalit Tekchandani and his associates in the money laundering case. In this sequence, the ED is under provisional order to attach several assets under the Money Prevention Act (PMLA). These include a villa in Dubai, several residential and commercial projects in Mumbai, several movable and real estate, land parcels and fixed deposits in Pune. Their total price is Rs 44.07 crore.

400 crores fraud from flat buyers

A case has been registered against Tekchandani and his 15 colleagues for cheating Rs 400 crore from those who buy flats. The charge sheet of the ED has been accused, interrogation has revealed that Tekchandani used this money to buy assets in the name of himself and his family members. In this case of financial fraud, the ED had earlier seized an investment of Rs 158 crore in shares, mutual funds and fixed deposits.

Money from more than 1,700 people

According to the ED investigation, Tekchandani raised more than Rs 400 crore from more than 1,700 home buyers for a housing project. Later the buyers neither got the flat nor the refund. Investigation revealed that the money taken from the buyers of the house has been used to buy property under different names. These include the names of Tekchandani’s family members.

Tekchandani arrested in March 2024

The ED started this investigation on the basis of two FIRs lodged in Taloja and Chembur police stations under various sections of the Indian Penal Code (IPC). It has been alleged in the FIR that several other people including Tekchandani together took money from those who bought a house for a housing project in Taloja, Navi Mumbai. Lalit Tekchandani was arrested in March 2024 and is currently in judicial custody.

Also read:

From ATM withdrawal to LPG prices … These big changes going to be held from April 1, your pocket will have a direct impact