
Important cases heard by Delhi High Court on July 23
PTI
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Important cases heard by the Delhi High Court on Wednesday, July 23: * NewsClick case: Delhi HC grants pre-arrest bail to Prabir Purkayastha.
* Create awareness about one-stop centres among people: Delhi HC tells govt.
* HC asks ED to respond to Aslam Wani's plea to quash money laundering case.
* Delhi HC seeks govt's response on plea against 'unauthorised construction'.
* HC awards Rs 5 lakh costs to Veerji Malai Chaap restaurant in trademark infringement suit. PTI UK SKV UK MNK MNK
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Indian Express
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- Indian Express
Thane man whose account was used in 106 cyber fraud offences held: Police
A 28-year-old man from Thane was arrested Sunday after his bank account was allegedly used in around 106 cyber offences across the country to move crores in the past three months. The accused, identified as Vinayak Baranwal, told the police that while his account was operational since 2021, it was over the past three to four months that he was offered a commission in exchange for providing his bank account to transfer money obtained through cyber fraud, an official said. The north region cyber police arrested Banarwal while investigating a case where a Dahisar resident lost Rs 27.44 lakh in an investment scam. An official said that while going through his account, they found that in 106 cases of cyber crimes across the country, money had been transferred to his account. An officer said that during interrogation, the accused, who is into auto insurance, claimed that a few months ago, one of his friends told him that he could earn commission by just allowing his account to be used by others. The officer said that since the past four months, a few crores came to his account including Rs 2.3 lakh of the Rs 27.44 lakh that had been siphoned off the account of a 58-year-old woman from Dahisar. On June 3, she was added to an WhatsApp group for investment and over a period of time she was made to download an app and under various pretexts asked to pay Rs 27.44 lakh. 'In order to evade law enforcement agencies, cyber criminals break down the siphoned amount into small sums and transfer it through various bank accounts,' an official said. 'In this case, we were tracing Rs 4 lakh that had been transferred from the account of the Dahisar resident. Of this, we saw Rs 2.3 lakh came to the account of the accused and the money was soon transferred to another account. When the police checked the various accounts, only the accused's account was active following which he was arrested,' the official added. The police are still looking for the masterminds who carried out the scam. In a majority of these cases especially related to investment scams, Indians duped into going to Southeast Asian countries are made to carry out the crimes. The money is routed through various bank accounts and then converted into crypto currency and sent abroad.


Indian Express
24 minutes ago
- Indian Express
Unclaimed money with Indian banks rises to Rs 67,000 crore, SBI with 29% of all such deposits
The quantum of unclaimed deposits with Indian banks stood at Rs 67,003 crore as at the end of the June quarter, with State Bank of India (SBI) accounting for 29 per cent of all such deposits, the Finance Ministry told Parliament on Monday. According to data shared by Minister of State for Finance Pankaj Chaudhary in response to a question in the Lok Sabha, 87 per cent of all unclaimed deposits were with public sector banks. Of the total unclaimed deposits of Rs 58,330.26 crore with state-owned lenders, Rs 19,329.92 crore was with SBI. The other public sector banks with sizeable chunks of unclaimed deposits include Punjab National Bank (Rs 6,910.67 crore), Canara Bank (Rs 6,278.14 crore), Bank of Baroda (Rs 5,277.36 crore), and Union Bank of India (Rs 5,104.50 crore). Private banks, on the other hand, held unclaimed deposits of Rs 8,673.72 crore, with ICICI Bank in possession of the most, at Rs 2,063.45 crore. Money in savings and current accounts that have not been operated for 10 years or term deposits not claimed within 10 years from the date of maturity are called unclaimed deposits. These funds are, after the expiry of the 10-year threshold, moved to the Depositor Education and Awareness Fund maintained by the Reserve Bank of India (RBI). In a separate Parliament question in March, data from the Finance Ministry had shown that the amounts of unclaimed deposits rose sharply starting 2022-23. In the previous three years, the annual additions to the Depositor Education and Awareness Fund were slightly more than Rs 4,500 crore on average. However, in 2022-23, this almost tripled to Rs 12,254.29 crore before edging down slightly to Rs 11,794.17 crore in 2023-24. The pace was somewhat maintained in the first nine months of 2024-25, with Rs 7,946.49 crore being transferred to the Depositor Education and Awareness Fund. Seemingly in response to the rise in unclaimed deposits, the RBI had in June 2023 started a '100 Days 100 Pays' campaign for banks to trace and settle the 100 largest unclaimed deposits of every bank in every district of the country within 100 days. Subsequently, in August 2023, the Indian central bank had announced the development of a web portal to allow depositors to search across multiple banks for any unclaimed deposits. The portal, called UDGAM – Unclaimed Deposits- Gateway to Access Information – had more than 8.5 lakh registered users as on July 1, Chaudhary said on Monday. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More


Indian Express
24 minutes ago
- Indian Express
Ex-bar dancer poses as business analyst on dating app to extort Rs 2 lakh from Bengaluru techie, arrested with 5 men
A Bengaluru software professional was allegedly defrauded out of Rs 2 lakh by an extortionist gang after he visited a woman he had met on a dating app, the police said on Monday while announcing the arrests of six people including the woman, a former bar dancer, in connection with the incident. The Yelahanka police identified the accused as Sangeeta Sahni, 36, Sharanabasappa Baliger, 50, Raju Maane, 34, Abhishek, 19, Beerabal Majjagi, 21, and Shyam Sundar Pande, 20, adding that Baliger, the prime suspect, has prior involvement in a similar case registered by the Puttenahalli police. The victim is a 41-year-old software professional employed by a prominent Mahadevapura firm. Originally from Telangana, he has lived in Bengaluru for 15 years. According to the police, it began when the man downloaded a dating application and matched with someone calling herself 'Rakhi', who claimed to be a business analyst from Bengaluru with Rajasthani roots. After establishing rapport through online conversations, she allegedly invited him to meet at a Starbucks outlet in a Yelahanka mall on July 18. Following their coffee meeting, the woman invited the techie to her residence in Ramagondanahalli village—a property allegedly rented for criminal activities. Once there, she offered him alcohol, which he accepted, according to the police. A police officer said, 'A few minutes later, four men arrived, with the woman claiming that one was her landlord. They accused the victim of drug consumption and produced sachets containing white powder—actually baking soda planted beforehand—from the woman's vanity bag as evidence.' The woman locked herself in the bathroom, crying that her life had been ruined. The four men then began negotiations to extort money from the techie, according to the police. Initially demanding Rs 15 lakh, they eventually settled for Rs 2 lakh, which he immediately transferred, the police said. After discussing the incident with friends, the techie approached the police on July 21, following which they registered a case against the accused. A police officer said the backgrounds of other suspects were being verified.