financial fraud investigation

In an unprecedented move, a collaborative effort between UK and Nigeria has resulted in the apprehension of more than 30 individuals linked to romance and financial fraud schemes. Code-named Operation Seraphim, this initiative aimed to dismantle organized crime entities that have inflicted severe financial damage through deceptive practices and money laundering operations.

Police may also seek Red Corner or Blue Corner notices against foreign based cyber fraudsters, similar to action taken against gangsters and international criminals

Earlier, two other men were arrested in the case

A 34-year-old man, Laxmikanta Panda, has been arrested in Rourkela for allegedly defrauding victims of approximately Rs 1 crore since 2016. Police investigations revealed his involvement in fraud cases across multiple districts, promising subsidized loans and financial assistance. Valuables worth Rs 20 lakh were recovered during his apprehension.

In a shocking revelation, a Rs 45 lakh scandal has erupted at IGIMS, Patna, where four contracted workers stand accused of exploiting the Ayushman Bharat scheme. Reportedly, they manipulated patient lists, siphoning off cash payments meant for eligible patients over several months.

Gonda cyber cell is intensifying its probe into an interstate cyber fraud racket, tracing more complainants and coordinating with police units across multiple states. The investigation follows the arrest of nine individuals involved in operating mule bank accounts used for online scams worth crores, with authorities freezing over Rs 14.87 crore in suspicious transactions.

The Enforcement Directorate (ED) on Tuesday carried out extensive search operations across multiple locations in Punjab and Chandigarh in connection with an alleged fraud and money laundering case involving Chandigarh Royale City Promoters Pvt Ltd (CRCPL) and the Royale Estate Group, officials said.

Elderly Britons are losing thousands to sophisticated scams where criminals pose as police and bank investigators. Victims are manipulated into revealing sensitive financial details or handing over bank cards to "couriers." Authorities urge extreme caution with unexpected calls involving money, emphasizing that genuine officials never request such information.

The Orissa High Court denied bail to BJD leader Dillip Kumar Nayak, arrested in a multi-crore cheating case. Justice Satapathy cited serious financial impropriety and the ongoing investigation, noting it's too early to deem the case civil. Nayak faces allegations of duping an investor of over Rs 15 crore in a real estate venture.