financial fraud

SEBI Warns Investors About Fake STT Notices and Account Handling Scams

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SEBI Warns Investors About Fake STT Notices and Account Handling Scams

Mumbai, February 27: The Securities and Exchange Board of India (SEBI) has issued a warning to investors regarding the rise of scams involving fake Securities Transaction Tax (STT) notices and misleading ‘account handling’ services. SEBI reported that fraudsters are sending counterfeit notices demanding payment for outstanding STT. These notices are created using fake letterheads, logos, … Read more

Government Disconnects 3.9 Million Mobile Connections to Combat Cybercrime

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New Delhi, February 5: In a significant move to curb cybercrime and financial fraud, the government has disconnected 3.9 million mobile connections across the country. Additionally, 227,000 mobile handsets and 131,000 SMS templates have been blacklisted. Minister of State for Communications and Information Technology, Dr. P. Chandrasekhar, provided this information in a written response to … Read more