Latest news with #IRDA
Time of India
20 hours ago
- Time of India
Woman held for duping Salt Lake sr citizen of 32.3L
1 2 3 Kolkata: Police probing a cyber fraud case where a 72-year-old Salt Lake resident lost Rs 32.3 lakh after being duped by a woman claiming to be from the Insurance Regulatory and Development Authority (IRDA) arrested the accused on Wednesday. Accused Ananya Sarkar, who met the elderly woman under the fake identity of Sreeja Roy, convinced her to take a loan against her FD and pay her the amount while promising to settle an old and disputed insurance policy the 72-year-old had. The arrest followed a complaint lodged by the victim's son, who works abroad, exposing a month-long con targeting the elderly widow over a bogus insurance recovery scheme. According to the complaint, Sarkar, a resident of Agarpara, lured the CL Block resident by claiming she could recover up to Rs 50 lakh from a lapsed insurance policy. Police said the fraud began in Nov 2024 when Sarkar contacted her and gained her trust by calling her to a swanky office in New Town and even introducing her to a "superior officer" while feigning empathy and promising significant returns. According to the FIR at Bidhannagar East PS, she asked the woman to initially pay a processing fee of Rs 80,000. When the woman said she didn't have cash, Sarkar allegedly convinced her to take loans against fixed deposits, citing processing fees and other fictitious charges. Over two and a half months — from Nov 19, 2024, to Jan 31, 2025 — Rs 32.3 lakh were withdrawn in 10 separate transactions as the woman handed the cash over to Sarkar, meeting her at different places ranging from shopping malls to bank branches. The fraud came to light in Feb 2025 when the woman's son returned to Salt Lake, overheard a suspicious phone conversation at home, and intervened. Realising his mother was deceived, he recorded video evidence and lodged a complaint on Feb 10. Following probe, police tracked the accused's real identity and arrested Sarkar from her residence in Agarpara. She was produced before a local court, which granted police four days' custody for further interrogation. "We are interrogating her to find the rest of the gang members. We are also trying to trace the money trail and will try our best to ensure the woman gets her money back," said a senior officer of Bidhannagar City Police. GFX 72-yr-old Salt Lake woman duped of Rs 32.3 lakh Accused posed as IRDA representative Convinced victim to take loan against FD, promised to settle an insurance policy dispute Money withdrawn in 10 transactions between last Nov and this Jan and handed over to accused Fraud came to light in Feb 2025 after the senior citizen's son returned to Salt Lake from abroad Accused held on Wednesday
The Star
2 days ago
- Business
- The Star
HL Bank Singapore holds forum on JS-SEZ cross-border opportunities
KUALA LUMPUR: HL Bank Singapore convened a high-level forum themed "ASEAN's Next Engine of Economic Growth:, to address the immense cross-border opportunities presented by the Johor-Singapore Special Economic Zone (JS-SEZ) and to discuss comprehensive financial solutions for businesses operating within this dynamic zone. The forum featured esteemed speakers from key organizations instrumental to the JS-SEZ's development, including Iskandar Regional Development Authority (IRDA), Bank Negara Malaysia (BNM), the Malaysian Investment Development Authority (MIDA), and law firm M/s Christopher & Lee Ong (CLO), alongside experts from HLBS's Malaysia headquarters, Hong Leong Bank ('HLB') and HL Bank Singapore. The JS-SEZ is envisioned as a thriving hub for advanced industries and innovation, poised to generate substantial investment, create numerous jobs, and significantly boost trade between Malaysia and Singapore. The zone, covering over 3,500 sq km, more than four times the size of Singapore, will encompass nine flagship zones, each catering to different sectors to create a diversified economic landscape. Recent shifts in global trade dynamics have amplified the importance of the JS-SEZ, positioning it as a critical platform for businesses seeking to strengthen their supply chains and enhance their resilience to global economic uncertainties "As the JS-SEZ unfolds as Asean's next engine of growth, the bank will be a steadfast partner, providing the financial backbone and expert insights to help our clients not just participate, but truly flourish in this exciting new chapter of regional economic integration,' said Ng Wee Lee, chief executive of HL Bank Singapore, in a statement.
The Hindu
27-05-2025
- Health
- The Hindu
SC notice to Centre, IRDA on plea against exclusion of epilepsy from insurance coverage
The Supreme Court on Tuesday sought response from the Centre on a plea against exclusion of epilepsy from health insurance coverage. A bench comprising Justices B V Nagarathna and Satish Chandra Sharma issued notices to the Centre and the Insurance Regulatory Development Authority of India (IRDA) on a plea filed by NGO Sanvedana Foundation. The petition sought setting aside of IRDA's master plan for violation of the rights of the Persons with Epilepsy under Articles 14 and 21. The Insurance Regulatory and Development Authority of India Master Circular on Standardisation of Health Insurance Products has excluded epilepsy from coverage. Health insurance policies do not cover epilepsy directly as it is classified as a neurological disorder or as an existing condition. It is submitted that the exclusion in question, which is central to the present petition, results in Persons with Epilepsy facing significant restrictions in accessing healthcare. "Prima facie, the decision to include Epilepsy as a disease under 'permanent exclusion', for which treatment is not required to be covered under general health insurance policies, is both unscientific and unconstitutional. The exclusion arises from a faulty presumption that all health-related illnesses of Persons with Epilepsy arise due to epilepsy," the plea said.
Time of India
27-05-2025
- Health
- Time of India
SC notice to Centre, IRDA on plea against exclusion of epilepsy from insurance coverage
The Supreme Court on Tuesday sought response from the Centre on a plea against exclusion of epilepsy from health insurance coverage. A bench comprising Justices B V Nagarathna and Satish Chandra Sharma issued notices to the Centre and the Insurance Regulatory Development Authority of India (IRDA) on a plea filed by NGO Sanvedana Foundation . The petition sought setting aside of IRDA's master plan for violation of the rights of the Persons with Epilepsy under Articles 14 and 21. The Insurance Regulatory and Development Authority of India Master Circular on Standardisation of Health Insurance Products has excluded epilepsy from coverage. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Algeria: Jewelry On Sale For Half Price! (See Price List) Luxury Jewelry | search ads Undo Health insurance policies do not cover epilepsy directly as it is classified as a neurological disorder or as an existing condition. "It is submitted that the exclusion in question, which is central to the present petition, results in Persons with Epilepsy facing significant restrictions in accessing healthcare. Live Events "Prima facie, the decision to include Epilepsy as a disease under 'permanent exclusion', for which treatment is not required to be covered under general health insurance policies, is both unscientific and unconstitutional. The exclusion arises from a faulty presumption that all health-related illnesses of Persons with Epilepsy arise due to epilepsy," the plea said.
New Straits Times
19-05-2025
- Business
- New Straits Times
Top banks back IRDA with multi-billion ringgit financing commitment for JS-SEZ
KUALA LUMPUR: In a major stride towards realising the Johor-Singapore Special Economic Zone (JS-SEZ), the Iskandar Regional Development Authority (IRDA) has formalised Letters of Intent (LOIs) with a powerhouse lineup of local and international banking institutions, signalling robust financial commitment to the cross-border initiative. The LOIs were signed with CIMB and Maybank, Malaysia's two largest banking groups; Sumitomo Mitsui Banking Corporation (SMBC), a leading Japanese financial giant; HSBC, a global banking heavyweight; CGS International, a key player in regional brokerage and investment services; and Bank of America, one of the world's largest financial institutions with deep expertise in investment banking and wealth management. These strategic partnerships, sealed during the JS-SEZ Partners Dialogue held this morning in Kuala Lumpur under the theme "Advancing Facilitation", underscore the growing investor confidence in the SEZ's potential to drive economic transformation in southern Johor and beyond. The event was officiated by Economy Minister Datuk Seri Rafizi Ramli and Johor Menteri Besar Datuk Onn Hafiz Ghazi, who both highlighted the importance of financial ecosystem readiness in ensuring the success of the SEZ initiative.
