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Odisha asks officials to tighten vigil for preventing fraud in healthcare scheme

by AIP Online Bureau | Jan 12, 2023 | Health, Indian News

On reports that some people were allegedly collecting money for the renewal of BSKY cards, Pandit said beneficiaries should immediately call the toll-free numbers or contact the district coordinators.BSKY cards are renewed automatically every year, and no money is...

Over 95% organisations in India experienced ‘new fraud’ incidents in past 2-yrs: PwC Survey

by AIP Online Bureau | Nov 15, 2022 | Data, Eco/Invest/Demography, Risk Management, Technology

Puneet Garkhel, Partner and Leader, Forensics Services, PwC India, said that with organisational perimeters becoming more vulnerable over the past two years, it is imperative for businesses to not only continually focus on policies, training and internal controls but...
Aadhaar: India’s ID system risks widespread fraud

Aadhaar: India’s ID system risks widespread fraud

by AIP Online Bureau | Jun 24, 2022 | Articles, Eco/Invest/Demography, Technology

Andy Mukherjee Indian Prime minister Modi’s new welfarism rests on Aadhaar. But if there are cracks in the edifice, they need to be acknowledged — not to frighten users away, but to make them more aware. At the same time, India needs a strong data protection law....

Allianz to pay $6 bln over Structured Alpha fraud, fund manager charged

by AIP Online Bureau | May 17, 2022 | International News, Wealth Management/ Philanthropy

According to court papers, Allianz Global Investors US LLC will plead guilty to a securities fraud charge, while the payout includes a $2.33 billion fine, $3.24 billion of restitution and $463 million of forfeiture Germany’s Allianz SE will pay about $6 billion...

Former Warburg banker gets jail term in German fraud trial

by AIP Online Bureau | Feb 9, 2022 | Banking & Bancassurance, Risk Management

He is the second person to receive a jail sentence for trading activity that thrived during the years after the financial crash and cost Germany more than five billion euros ($5.72 billion) The fraud involved trading shares rapidly around a syndicate of banks,...
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