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India: PNB uncovers more fraud at troubled Mumbai branch

PunjabNationalBank(PNB)hasuncoveredmoresuspectedcreditguaranteefraudwithintheMumbaibranchatthecentreofasimilarallegedscamworthover$2billion,accordingtoacomplain

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Top Indian private banks under scanner in bank fraud probe

India'sbiggest-everbankfraudof1.8billionU.S.dollarsisgettingmurkierwitheachpassingday.Afterthestate-ownedPunjabNationalBank,whichistheepicentreofthefraud,twooft

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India: CBI arrests four more in $2 billion PNB probe

TheCentralBureauofInvestigations(CBI)hasmadefourmorearrestsinthe$2billionfraudcaseinvolvingstatelenderPunjabNationalBank(PNB),wideningtheinvestigationofthebigge

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India: RBI orders changes to bank protocols after $1.8 bln fraud case

India’scentralbankhastoldlenderstolinktheirinternalsoftwarewiththeSWIFTinterbankmessagingsystembytheendofApril,andtoalterarangeofotherprotocolswithimmediateeffe

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India: SEBI bars Price Waterhouse from auditing listed firms for 2 years

TheSecuritiesandExchangeBoardofIndia(SEBI)lateonWednesdaybarredPriceWaterhousefromauditinglistedcompaniesinthecountryfortwoyears,afteraprobeintoanearlydecade-ol

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Overseas Chinese urged to stay alert against dubious phone calls, emails

ChinaonWednesdayissuedanalertagainstawidespreadtelecomscam,urgingoverseascitizenstostayalertagainstdubiousphonecallsandemails.Accordingtoreports,callerspretendi

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Trump dissolves election fraud panel after states balk at data requests

PresidentDonaldTrumponWednesdayshutdownapresidentialcommissionchargedwithlookingintoallegationsofelectoralfraudduringthe2016election,aftermanystatesrefusedtopro

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Police detain 90 suspects in telecom fraud case

PoliceincentralChina'sHubeiProvincehavedetained90suspectsinconnectiontoanallegedtelecommunicationsfraudcase.Thesuspectswerecaughtatfourmajorlocationsinthecityof

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Seven sentenced in high-profile telecom fraud case in China

An east China court on Wednesday sentenced seven people to prison terms for involvement in a telecom fraud case that led to the death of a teenager last year.

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Seven sentenced in high-profile telecom fraud case in China

AneastChinacourtonWednesdaysentencedsevenpeopletoprisontermsforinvolvementinatelecomfraudcasethatledtothedeathofateenagerlastyear.ChenWenhuiwashandedalifesenten

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U.S. prosecutors ask judge to silence Shkreli during trial

FederalprosecutorsonMondayaskedaU.S.judgeforagagordermuzzlingformerdrugcompanyexecutiveMartinShkreli,ontrialforsecuritiesfraudcharges,arguingthathisstatementsto

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Trump launches commission to investigate voter fraud

PresidentDonaldTrumpsignedanexecutiveorderThursdaylaunchingacommissiontoreviewallegedvoterfraudandvotersuppression,buildinguponhisunsubstantiatedclaimsthatmilli

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Telecom scammers will face harsher punitive measures

China's top court on Friday asked all judges to severely punish those perpetrating fraud through use of telecom or network technology, following the deaths of two students who were swindled in August.

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129 telefraud suspects sent to mainland

Minister of Public Security Guo Shengkun vows to fight the crime from its source

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China's universities move to educate students about telecom fraud

Universities are taking various measures to warn new entrants about telecom fraud following a recent tragedy in which a college-bound student died after being cheated out of tuition fees which her family had spent months raising.

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4 arrested in scam that led to death

Four suspects have been arrested by police for alleged involvement in a high-profile telecom scam linked to the death of a new college recruit, the Ministry of Public Security said on Friday.

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Telecom fraud victims united with 5.8 mln yuan

Chinese police have retrieved more than 1.4 billion yuan (214 million U.S. dollars) from telecom fraudsters in a campaign launched November.