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Clues by NC Team • 14 Feb 2019, Thursday

The RBI has registered a total of 921 cases of fraud involving ATM/debit cards, credit cards and Internet banking, wherein the amount involved was Rs 1 lakh and above, during the first six months of 2018-19 (up to September 30, 2018). During the year 2015-16, 2016-17, 2017-18, the number of such cases of fraud registered by the RBI stood at 1,191, 1,372 and 2,059 respectively, Minister of State for Electronics and IT S S Ahluwalia said.

Read More at The Economic Times
Clues by NC Team • 7 Feb 2019, Thursday

Mustafa Batliwala, who was the right-hand man of Jatin Mehta, the founder of Winsome Group is believed to have left the country after government agencies investigating the Winsome case could not trace him. Winsome is India’s second-largest wilful defaulter after Vijay Mallya. Winsome and its group company, Forever, defaulted on bank loans, worth thousands of crores, in 2013. Winsome Group imported gold based on standby LC issued by the banks in favour of international bullion banks. Winsome failed to repay banks after it alleged that it did not receive payments from its UAE based buyers against export of jewellery. 

Read More at The Economic Times
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