Tag: financial fraud
Govt proposes new law to restrict unregulated lending; violators to face 10 years of jail
The central government has proposed a new bill to curb unregulated lending and provide for imprisonment of up to 10 years for violators, besides monetary…
Viral message urges people to download app for ‘SBI rewards’, PIB fact checks
The government’s Press Information Bureau (PIB) has issued a warning about recent scams targeting users for financial fraud. PIB warns against financial scams targeting SBI…
Data breach: hacker claims senior Star Health executive sold data of 31 million customers
Star Health Insurance, one of the largest health insurers in the country, recently suffered a massive data breach after a senior executive at the company…
Evergrande fraud: China imposes record penalty on PwC for audit lapses
China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group. The…
PwC China faces 6-month business ban, huge fine over Evergrande audit: Report
PricewaterhouseCoopers LLP’s China unit expects the Chinese government to hand down a six-month ban as part of punishment over its audit of failed property giant…
HDFC Bank users confidential data leaked, claims hacker; bank denies
In a viral claim of data theft of HDFC bank users, cybercriminals on a popular hacker forum wrote that they have obtained personal information of…
According to Experts, ILC’s suggestions for the resolution process contain certain flaws
According to a report by the Insolvency Law Committee (ILC), pursuing legal action against erroneous or fraudulent transactions even after the corporate resolution procedure is…