Sebi may get greater powers to check money-pooling frauds

Last Updated: Saturday, April 27, 2013, 12:35

Market regulator Sebi may get greater powers to check money-pooling frauds by various entities across the country, as the government is considering a major overhaul of regulations governing such schemes.

SEBI, other agencies to join forces against investment frauds

Last Updated: Sunday, April 21, 2013, 11:19

Amid a countrywide proliferation of fraud investment schemes, markets watchdog SEBI is joining forces with other agencies, including RBI, SFIO, Enforcement Directorate and state police departments, to tackle the menace.

SFIO plans early warning system to detect fraud

Last Updated: Thursday, March 14, 2013, 15:00

To strengthen its capabilities to crackdown on corporate wrongdoings, the Serious Fraud Investigation Office is developing an early warning system to detect frauds.

India has seen the lowest no. of credit card fraud cases: Visa

Last Updated: Wednesday, February 20, 2013, 22:05

Leading payment system provider Visa Wednesday said India has witnessed the lowest number of credit card fraud cases compared to other nations, amid a rise of 'skimming' frauds in recent cases.

Need for uniform security standards to check card fraud: Khan

Last Updated: Thursday, February 14, 2013, 21:35

Amid reports of growing number of misuse of cards, the Reserve Bank on Thursday pitched for uniform security architecture for electronic banking across nations to check credit card frauds.

IRDA comes out with framework for monitoring insurance frauds

Last Updated: Tuesday, January 22, 2013, 22:21

IRDA on Tuesday came out with a framework for monitoring frauds in the insurance sector and asked insuers to carry out due diligence on their staff, including agents.

SFIO to get more powers, act as deterrent to frauds: Pilot

Last Updated: Sunday, January 6, 2013, 21:06

The government's financial fraud investigation agency SFIO will get greater powers to act as a strong deterrent for wrongdoings by corporates, rather than doing firefighting after investors being duped of their money, Corporate Affairs Minister Sachin Pilot said.

New intelligence unit to detect corporate frauds: Pilot

Last Updated: Sunday, December 30, 2012, 14:12

Faced with a growing number of financial frauds, the Corporate Affairs Ministry is setting up a new intelligence unit that will delve into 'data mining' from all possible sources to detect any wrongdoings by the companies and their promoters at the earliest possible stage.

Indian funds, portfolio managers under US regulatory scanner

Last Updated: Sunday, December 2, 2012, 16:05

Many Indian funds and portfolio managers from India are believed to have come under scanner in the US for serving clients there without the required regulatory approvals for such activities.

Govt proposes high-level committee to check investment frauds

Last Updated: Friday, November 30, 2012, 17:50

The Finance Ministry has requested all states and union territories to set up such a committee to enable enhanced information-sharing among the concerned agencies.

Banks report fraud cases involving Rs 6,457 crore in 2012

Last Updated: Thursday, November 29, 2012, 18:14

Indian Overseas Bank (IOB) reported fraud cases involving an amount Rs 758 crore so far in 2012, followed by Punjab National Bank (PNB) which reported fraud cases involving an amount Rs 728 crore.

‘Two Indians involved in $935-mn Kabul Bank fraud case’

Last Updated: Wednesday, November 28, 2012, 22:18

Fraudulent lending and embezzlement by officials, including at least two Indian citizens, led to failure of Afghanistan's Kabul Bank resulting in misuse of about USD 935 million Afghan public money, according to an independent report released on Wednesday.