Fraud | The Asian Age

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Paytm's chairman and chief executive Vijay Shekhar Sharma said the cashback model is sustainable.

Paytm Mall probe reveals up to Rs 10 crore fraud

A company spokesperson clarified quantum of the fraud would be less.

15 May 2019 8:27 AM

"After Diwali, what my team saw was that there were some small sellers who were getting large percentage of the cashbacks and I we as a team asked our auditors to do a deeper audit," Vijay Shekhar Sharma told reporters.

Paytm probe reveals at least Rs 10 cr fraud: Vijay Shekhar Sharma

Regarding the feasibility of businesses providing freebies, Sharma said the cashback model is sustainable.

14 May 2019 8:34 PM

An Indian-origin doctor has been sentenced to nine years in prison by a US court for committing health care fraud and illegally distributing prescription painkillers. (Representational Image)

Indian-origin doctor commits healthcare fraud in US, gets 9 year imprisonment

According to evidence at the sentencing hearing, the patient died of respiratory depression due to the methadone prescribed by the accused.

11 May 2019 1:27 PM

Keyur Vyas, from east London, was sentenced at Kingston Crown Court on Wednesday, marking the conclusion of a four-year-long investigation by Scotland Yard into his fraudulent activities. (Photo: news.met.police.uk)

‘Romance fraudster’: 32-yr-old Indian-origin man jailed for 6 years in UK

The Met Police began an investigation into Keyur Vyas' activities in October 2014.

03 May 2019 7:44 PM

In the first quarter of 2019, theft of digital currencies from exchanges and scams totalled USD 356 million.

Cryptocurrency thefts, fraud hit USD 1.2 billion in first quarter

The value of losses from crime in the digital currency sector in 2018 hit USD 1.7 billion.

01 May 2019 1:20 PM

RTDMI identifies and blocks malware that may not exhibit any detectable malicious behavior or hides its weaponry via encryption. (Photo: Pixabay)

Dramatic rise in fraudulent PDF files detected this year

Most traditional security controls cannot identify and mitigate links to scams or malware hidden in PDF files.

29 Apr 2019 11:50 AM

Of the 590 APAC businesses surveyed, 65% of Indian businesses have experienced an increase in online fraud-related losses over the past 12 months. (Photo: Pixabay)

Indian consumers see security as important element of their online experience

2019 Experian Identity and Fraud Report highlights that Indian consumers demand greater security over convenience and personalisation.

23 Apr 2019 6:45 PM

Reddy now works for the University of Pennsylvania as a professor of pharmacology. (Photo:Representational)

Indian-origin professor faces inquiry over drawing double salaries in UK

An Indian-origin medical professor is facing inquiry over his failure to inform UK university that he was still working at another varsity.

20 Apr 2019 5:09 PM

The new alterations appeared on the Amazon Flex app to drivers, notifying them that they require clicking a selfie before continuing work. (Photo: AFP)

Amazon to ask its delivery drivers to take selfies

Amazon is now asking its delivery drivers to take selfies, in a bid to reduce fraud.

20 Apr 2019 4:43 PM

India-based conspirators allegedly called potential victims while impersonating officials from the Internal Revenue Service. (Photo:AP)

Singapore-based Indian extradited to US for multi-million dollar call centre scam

An Indian has been extradited to US from Singapore to face charges of his involvement in multi-million dollar India-based call centre scam.

20 Apr 2019 10:10 AM

The complaint said iPhone demand was falling because of US-China trade tensions and customers’ growing preference to replace batteries in older iPhones, prompting Apple to slash orders from suppliers for new iPhones and cut prices to reduce inventory.

Apple accused of securities fraud over iPhone sales in China

Apple Inc was accused in a new lawsuit of securities fraud for concealing a slump in demand for iPhones.

18 Apr 2019 9:46 AM

“Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on the brink of failure when government used 35K crores (Rs 35,000 crores) of public funds to bail out Air India. Just being a PSU is no excuse for discrimination,” Mallya wrote on Twitter. (File Photo)

Vijay Mallya talks about 'airline karma' in message for cash-strapped Jet Airways

Mallya, fighting his extradition to India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

17 Apr 2019 12:51 PM

The bank extended the working capital facility under multiple banking arrangement.

Karnataka Bank reports Rs 13 crore fraud to RBI

The fraud was on account of ‘diversion of funds’, the lender said in a BSE filing.

23 Mar 2019 4:02 PM

Email Fraud Protection now available as part of Symantec’s Email Security Solution and Integrated Cyber Defense Platform.

Symantec announces solution to stop business email compromise attacks

Symantec announced Email Fraud Protection, an automated solution to block fraudulent emails.

16 Feb 2019 12:01 PM

Vijay Mallya last month became the first businessman to be declared as a fugitive economic offender (FEO) under the Fugitive Economic Offenders Act, which came into existence in August, 2018. (Photo: AP | File)

No objection to restoration of Vijay Mallya's properties to banks: ED

He had left the country on March 2, 2016 and on December 10, 2018, a London court ordered his extradition.

05 Feb 2019 3:36 PM

The agency had carried out searches during which it found incriminating documents substantiating that the alleged fraud was going on for long in the government-run institute. (Photo: File)

CBI books HAL employees in Rs 13.28 crore fraud

The HAL Vigilance Department had on Tuesday sent five complaints related to frauds committed from 2013 to 2017.

30 Jan 2019 2:59 PM

Ex-manager of credit society arrested for Rs 120 crore fraud

The ED found that the three companies conspired and submitted forged bills of entry that were submitted in the IndusInd Bank.

14 Jan 2019 6:36 AM

In April 2018, Sebi announced to take action in a phased manner against 14,720 entities for fraudulent trades.

Sebi fines 2 entities for fraudulent trade in stock options

Sebi found that over 81 per cent of all the trades executed in the BSE's stock options segment were non-genuine trades.

12 Jan 2019 1:31 PM

Fraudsters use a call center for data mining and account takeovers – for example, by changing an account password or customer address – and this becomes a launching point for cross-channel attacks.

Get control of call center fraud with machine learning, analytics

Call center fraud is a large and growing problem.

13 Dec 2018 1:41 PM

That was until her shock arrest of Huawei's Meng Wanzhou in Canada at the request of US authorities on Wednesday, a move that has entangled her in the protracted diplomatic tensions between Washington and Beijing. Her fate is now uncertain. (Photo: AP)

Arrest of Huawei 'heiress' throws rare spotlight on family

Huawei Technologies Co Ltd has been alleged in violation of US sanctions on Iran.

07 Dec 2018 10:04 AM

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Anita Katyal