CJI Surya Kant: “Shockingly, Well-Educated People Are Getting Duped”: Supreme Court Flags Rise in Digital Arrest Scams

The Supreme Court raised alarm over growing digital arrest scams, noting even educated individuals are being cheated. CJI highlighted a case where an elderly woman lost her entire retirement savings, calling the trend deeply concerning.

Consumer Forum Cannot Decide Banking Disputes Involving Fraud, Forgery: Supreme Court On Bank Deposit Cases

The Supreme Court of India ruled consumer forums cannot decide fraud or forgery disputes in banking transactions like unauthorized fixed deposit pledges. Justices PS Narasimha and Manoj Misra said such cases belong in civil or criminal courts.

Supreme Court Seeks CBI’s Response on Alleged Financial Fraud by SREI Group

New Delhi: Today, 19th March, The Supreme Court has asked the Central Bureau of Investigation (CBI) to present its stance on a plea demanding a thorough investigation into alleged financial fraud by Kolkata-based SREI Group. The plea claims that the company engaged in fund mismanagement, including round-tripping money through a private trust and misusing public funds taken from various banks.