Latest news and articles about fraud from NEX English
In an effort to curb rising fraud in digital transactions, the Indian Central Bank has proposed delaying certain payments exceeding <strong>10,000 rupees</strong>. The bank is seeking feedback from stakeholders on these new measures.
A local court has sentenced a man to four years in prison for facilitating fraud by registering <strong>574 phone SIM cards</strong>. These cards were linked to scams that caused financial losses estimated at around <strong>$140,000</strong> for the victims.
A Hong Kong court sentenced a 32-year-old chef, <strong>Cham Shu Shing</strong>, to <strong>11 months</strong> in prison and fined him <strong>4,500 Hong Kong dollars</strong> for selling his digital wallet to scammers. The scammers used the wallet to collect <strong>25,500 Hong Kong dollars</strong> in fake donations for victims of a fire in <strong>Tai Po</strong>.
The Indonesian government has announced the formation of a special unit to combat illegal pilgrimage activities in collaboration with the Ministry of Hajj and Umrah and the national police. This initiative aims to protect pilgrims from fraud and enhance security measures.
Malaysian authorities have arrested a South Korean man wanted for fraud in his home country after he used a fake work permit to reside in Malaysia. The incident took place in the Horizon Hills area, where he was apprehended with his family and a Filipino helper.
In a successful security operation, Malaysian police arrested 22 Chinese nationals at a fraudulent call center in Pajang Datok, targeting victims from Italy. This operation followed extensive investigations into cryptocurrency fraud.
Authorities have charged insurance agent Shahoul Hamid N.A. Bashir Ahmed, 41, with embezzling over $2000 from a client's funds. The case raises concerns about the integrity of insurance agencies and highlights vulnerabilities in oversight systems.
The Ethics Committee of the Greek Parliament has recommended lifting the immunity of 11 members of the ruling New Democracy party involved in a European Public Prosecutor's Office investigation into agricultural subsidy fraud. This decision paves the way for a public vote expected after April 19.
The case of investor Dominic Khoo in Singapore has sparked widespread controversy following allegations of fraud from clients who invested in luxury watches. This situation raises questions about the credibility of the luxury watch market.
Fraud using generative AI has become alarmingly easy, allowing individuals to exploit this technology for compensation or free products. A new study reveals the ability of synthetic images to deceive doctors and insurance companies.
The Nepali government has announced stringent measures to combat fraud related to hiking rescues via helicopters, which threaten the vital tourism industry. This announcement follows investigations that led to charges against 32 individuals in a fraud scheme estimated at $19.69 million.
Fraud cases involving impersonation of government officials have surged in 2025, leading to estimated losses of around <strong>$242.9 million</strong>. This alarming trend raises concerns about the security of personal and financial information.
On April 3, Cambodia's parliament passed a groundbreaking law aimed at combating fraud centers targeting international victims. This legislation comes amid increasing global pressure on governments to tackle these illicit activities.
Authorities in Singapore have revealed a complex fraud network that used advanced techniques to conduct over <strong>50,000 fraudulent calls</strong> in just <strong>50 minutes</strong>. The scheme, involving a hired Malaysian electrician, has resulted in losses estimated at <strong>$1.2 million</strong>.
Robert Bush, the director of funeral services in Hull, UK, has been convicted of fraud after retaining 30 corpses and 500 kilograms of human ashes. This revelation has sent shockwaves through the local community.
Security forces arrested a group accused of defrauding a foreigner by seizing his money under the pretext of investing it in fictitious projects. This incident highlights the importance of raising awareness against fraud and scams.
Experts urge the need to verify the authenticity of foreign job offers posted on social media, warning of potential fraud risks. Many of these offers may be unreliable and target job seekers looking for better opportunities.
A Singaporean court has sentenced Malaysian <strong>Chong Wei How</strong> to prison after he was found guilty of installing devices used for fraudulent calls that resulted in losses exceeding <strong>$1.6 million</strong>. He was arrested after entering Singapore four times to carry out these operations.
The preliminary trial of United Health Care CEO, <strong>Luigi Mangio</strong>, originally scheduled for June 8, has been postponed to September at the request of the defense attorney. Mangio faces serious charges but denies all allegations against him.
Three employees from financial services companies specializing in cryptocurrencies were arrested in Singapore and handed over to U.S. authorities to face fraud charges. These arrests are part of a broader investigation involving ten officials linked to fraudulent schemes.
The Saudi Data and Artificial Intelligence Authority (SDAIA) urges citizens to verify the credibility of websites before sharing personal data, warning against fraud risks. This advisory aims to raise awareness about the importance of data protection.
A Spanish court has announced the extension of Mitchell Ong's detention for an additional two years. The judge confirmed the existence of 'logical, clear, and consistent' evidence supporting the charges against him.
A 38-year-old municipal employee, Muhammad Nazri Abu Bakar, appeared in court in Johor Bahru, facing charges of defrauding a 72-year-old man out of a total of <strong>62,760 Malaysian Ringgit</strong>. The accused denied the charges against him.
The Goldsmiths Association in Syria has warned about misleading offers and unrealistic gold prices circulating on social media, following reports of fraud affecting buyers. These warnings come at a time when the market is experiencing significant fluctuations.
The General Security has launched a new service in the form of a vehicle display card aimed at protecting buyers and sellers from online fraud. This card verifies vehicle ownership and the seller's identity, enhancing trust in sales transactions.
Former businessman O.K. Lim, aged 84, was arrested at Gleneagles Hospital to start his 13.5-year prison sentence. This follows a brief court postponement due to his health conditions.
Singaporean authorities have filed new charges against former lawyer <strong>Charles Yeo</strong>, who fled the country in 2022 while on bail. He was later apprehended in the UK in 2024, raising questions about his escape and the judicial system's effectiveness.
Singaporean authorities have charged <strong>Jeni Lim</strong>, CFO of <strong>Aberia International</strong>, with conspiracy in a fraud case involving <strong>Nvidia</strong> chips. This follows extensive investigations involving 22 individuals and companies in the country.
Indonesian police announced the arrest of AS, the founder of Danah Sharia Indonesia, as the fourth suspect in a fraud and money laundering case. This follows extensive investigations that identified several other suspects in the case.
The Malaysian Anti-Corruption Commission (MACC) has arrested an accounting services employee for submitting forged documents related to travel claims worth 4 million ringgit. The incident occurred in Kuala Lumpur, where the suspect was apprehended while testifying.