The divorce proceedings between Paris Saint-Germain (PSG) striker Achraf Hakimi and actress&nbsp;Hiba Abouk took a shocking turn when the latter discovered that the former Real Madrid footballer's entire fortune was in his mother's name. After the footballer was accused&nbsp;of sexually abusing a young girl in Paris, Abouk decided to end the relationship and asked for a divorce settlement. However, with his fortune being in his mother's name, Abouk was completely taken aback.

Despite this shocking twist, Abouk's&nbsp;legal team has demanded a whopping&nbsp;10 million euros as opposed to Hakimi's offer of only two million.&nbsp;As per&nbsp;La Vanguardia, the actress has also decided to file a lawsuit against the PSG star&nbsp;for fraud and mismanagement of their marital assets. Thus, the divorce case between Hakimi and Abouk continues to become uglier with each passing day.

Also Read:&nbsp;<a href="https://www.wionews.com/sports/saudi-lawyer-calls-for-cristiano-ronaldos-deportation-after-al-nassr-stars-indecent-gesture-586055">Saudi lawyer calls for Cristiano Ronaldo's deportation after Al-Nassr star's indecent gesture</a>

What did Hakimi's mother say?

"My son did not inform me of the transfer of his fortune. If he has taken any action to protect himself, I have no knowledge of it,"&nbsp;Hakimi's mother&nbsp;stated as quoted by Marca. "But... what is the problem if it were true? If my son doesn't do that, he won't be able to get rid of that woman," she added.

On the other hand, Abouk also opened up on her divorce case&nbsp;in an interview to Elle magazine.&nbsp;

The actress said, "There are days when I'm fine and others when you have to know how to deal with the blows and make decisions that are sometimes complicated. That can throw you off balance a bit. When you separate, you restructure your life, although it's no big deal either and you must take the pressure off."

She added, "I left home with one hand in front and one hand behind. Without the support of my family. But I had to do it, because my environment was not going to allow me to grow or to be free. It was either my life or theirs, and I decided to fight for myself. I have zero attachment to material things."

The divorce proceedings between Paris Saint-Germain (PSG) striker Achraf Hakimi and actress Hiba Abouk took a shocking turn when the latter discovered that the former Real Madrid footballer's entire fortune was in his mother's name.

The divorce proceedings between Paris Saint-Germain (PSG) striker Achraf Hakimi and actress Hiba Abouk took a shocking turn when the latter discovered that the former Real Madrid footballer's entire fortune was in his mother's name. After the footballer was accused of sexually abusing a young girl in Paris, Abouk decided to end the relationship and asked for a divorce settlement. However, with his fortune being in his mother's name, Abouk was completely taken aback. Despite this shocking twist, Abouk's legal team has demanded a whopping 10 million euros as opposed to Hakimi's offer of only two million. As per La Vanguardia, the actress has also decided to file a lawsuit against the PSG star for fraud and mismanagement of their marital assets. Thus, the divorce case between Hakimi and Abouk continues to become uglier with each passing day. Also Read: Saudi lawyer calls for Cristiano Ronaldo's deportation after Al-Nassr star's indecent gesture What did Hakimi's mother say? "My son did not inform me of the transfer of his fortune. If he has taken any action to protect himself, I have no knowledge of it," Hakimi's mother stated as quoted by Marca. "But... what is the problem if it were true? If my son doesn't do that, he won't be able to get rid of that woman," she added. On the other hand, Abouk also opened up on her divorce case in an interview to Elle magazine. The actress said, "There are days when I'm fine and others when you have to know how to deal with the blows and make decisions that are sometimes complicated. That can throw you off balance a bit. When you separate, you restructure your life, although it's no big deal either and you must take the pressure off." She added, "I left home with one hand in front and one hand behind. Without the support of my family. But I had to do it, because my environment was not going to allow me to grow or to be free. It was either my life or theirs, and I decided to fight for myself. I have zero attachment to material things."

Achraf Hakimi's wife Hiba Abouk demands WHOPPING amount in divorce lawsuit

If you use Netflix, we warn you to be on the lookout for cybercriminals who are attempting to steal your bank account information. As for how the online con artists are tricking consumers, it all begins with a fake email.

Scammers using Netflix's branding to deceive users

Once known as the king of crypto, American entrepreneur, investor and now - an "alleged" fraudster. Sam Bankman-Fried. You all would know about the rise and collapse of FTX. But how deep does this fraud run? And how deep is the damage, really? We untangle this for you in this episode.

FTX collapse: How deep does the damage run? | Untangled

An Indian national who posed as a fraud prevention specialist and defrauded senior citizens in the United States was given a 33-month prison term and was charged $2.4 million in fines, as per media reports citing US Department of Justice.&nbsp;&nbsp;

A 29-year-old man Ashish Bajaj on 4&nbsp;August 2022&nbsp;pleaded&nbsp;guilty to the complaint charging him with conspiracy to conduct wire fraud before District Judge Kevin McNulty in Newark federal court.

Also Read | <a href="https://www.wionews.com/world/judge-who-presided-over-trumps-arraignment-receives-multiple-threats-579962">Judge, who presided over Trump's arraignment, receives multiple threats</a>

The Department of Justice said Thursday that he was sentenced to 33 months in prison and two years of supervised release. It also charged USD 2.4 million in restitution for his involvement in a global conspiracy that preyed on elderly victims in New Jersey and around the US.

According to documents, Bajaj and his cohorts preyed on senior victims throughout the US between April 2020 and August 2021 by posing as fraud prevention specialists for different banks, online shops, and online payment businesses.

Falsely claiming to be fraud protection specialists employed by respected businesses, they phoned victims and informed them that their bank accounts and online payment accounts were being targeted for fraud.

Also Read | <a href="https://www.wionews.com/world/israels-army-says-its-striking-in-lebanon-after-carrying-out-strikes-in-gaza-strip-579956">Israeli army strikes Lebanon as promised retaliatory measure</a>

Prosecutors claim that Bajaj and his accomplices then misled the victims into believing that they were needed as part of a sting operation to apprehend the fraudsters.

Firstly, they urged the elderly to transfer funds from their bank accounts to the accounts they controlled. Later, they fraudulently promised to repay the elderly victims' money within a few days following the alleged sting operation.&nbsp;

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The victims were also misled into believing that the sting operation would result in the arrest of the alleged offenders after they submitted the money. The elderly sent money to several banks in India, China, Singapore, and the United Arab Emirates as international wire transactions, according to court records.

Also, the victims sent funds to Bajaj's American bank accounts with the help of an online application. In addition to that, the elderly victims sent cash and cheques to Bajaj at a Californian location. The records state that the plan caused losses of more than USD 250,000.&nbsp;

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An Indian national who posed as a fraud prevention specialist and defrauded senior citizens in the United States was given a 33-month prison term and was charged $2.

An Indian national who posed as a fraud prevention specialist and defrauded senior citizens in the United States was given a 33-month prison term and was charged $2.4 million in fines, as per media reports citing US Department of Justice. A 29-year-old man Ashish Bajaj on 4 August 2022 pleaded guilty to the complaint charging him with conspiracy to conduct wire fraud before District Judge Kevin McNulty in Newark federal court. Also Read | Judge, who presided over Trump's arraignment, receives multiple threats The Department of Justice said Thursday that he was sentenced to 33 months in prison and two years of supervised release. It also charged USD 2.4 million in restitution for his involvement in a global conspiracy that preyed on elderly victims in New Jersey and around the US. According to documents, Bajaj and his cohorts preyed on senior victims throughout the US between April 2020 and August 2021 by posing as fraud prevention specialists for different banks, online shops, and online payment businesses. Falsely claiming to be fraud protection specialists employed by respected businesses, they phoned victims and informed them that their bank accounts and online payment accounts were being targeted for fraud. Also Read | Israeli army strikes Lebanon as promised retaliatory measure Prosecutors claim that Bajaj and his accomplices then misled the victims into believing that they were needed as part of a sting operation to apprehend the fraudsters. Firstly, they urged the elderly to transfer funds from their bank accounts to the accounts they controlled. Later, they fraudulently promised to repay the elderly victims' money within a few days following the alleged sting operation. Watch | Rivals Iran and Saudi Arabia hold first high-level talks in seven years × The victims were also misled into believing that the sting operation would result in the arrest of the alleged offenders after they submitted the money. The elderly sent money to several banks in India, China, Singapore, and the United Arab Emirates as international wire transactions, according to court records. Also, the victims sent funds to Bajaj's American bank accounts with the help of an online application. In addition to that, the elderly victims sent cash and cheques to Bajaj at a Californian location. The records state that the plan caused losses of more than USD 250,000. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Indian posing as fraud prevention specialist dupes many US elderly, gets 33 months prison term

Jack Dorsey's firm block said that it is exploring legal action against Hindenburg research after the U.S firm published a report alleging the payments company facilitated.

After Adani Saga, Hindenburg alleges block engaged in fraud

As technology evolves and advances, scammers continue to discover ways to cheat people out of money. One latest scam that is duping telecom companies out of billions of dollars is the SIM box fraud. In this, international numbers pretend to be local, thereby robbing telecom operators of hefty international call fees. As per Communications Fraud Control Association's 'Fraud Loss Survey' report for 2021, globally the SIM box fraud has cost the telecom industry around $3.11 billion, or approximately 7.8 per cent of the industry's total revenue. During the past few years, it has actually emerged as one of the top telecom scams.

How does it work?

This is a bypass fraud. Scammers use Sim Boxes to redirect international calls over the internet and make them look like local calls.

Also read |&nbsp;<a href="https://www.wionews.com/science/chatgpt-ai-chatbot-fails-upsc-exam-will-it-do-ma-next-568340">ChatGPT AI chatbot fails UPSC 'exam', will it do MA next?</a>

As per Infosys, "a SIM box fraud diverts international calls to a cellular device through the internet. This device, called a SIM box, routes the connections back into the network as local calls, using hundreds of low-cost or even unpaid SIM cards, which are often obtained with forged identities."

They thus benefit by exploiting the "difference between local and international charges by paying just local rates or none at all to cell carriers after billing international rates from the source."

Also read |&nbsp;<a href="https://www.wionews.com/science/indian-start-up-cynlr-is-helping-industrial-robotic-arms-gain-vision-and-intelligence-567796">Indian start-up CynLr is helping industrial robotic arms gain ’vision and intelligence’</a>

While the caller still pays the higher international call rates, the middleman gets away with paying the local rates and the local telecom operator suffers revenue loss.

Additionally, the end users get affected by poor service quality, which also reflects badly on the telecom operator. Infosys warns that these frauds can also become a threat to national security as they can bypass legal intercepts which monitor criminal activity. 
&nbsp;

(With inputs from agencies)

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As technology evolves and advances, scammers continue to discover ways to cheat people out of money. One latest scam that is duping telecom companies out of billions of dollars is the SIM box fraud.

As technology evolves and advances, scammers continue to discover ways to cheat people out of money. One latest scam that is duping telecom companies out of billions of dollars is the SIM box fraud. In this, international numbers pretend to be local, thereby robbing telecom operators of hefty international call fees. As per Communications Fraud Control Association's 'Fraud Loss Survey' report for 2021, globally the SIM box fraud has cost the telecom industry around $3.11 billion, or approximately 7.8 per cent of the industry's total revenue. During the past few years, it has actually emerged as one of the top telecom scams. How does it work? This is a bypass fraud. Scammers use Sim Boxes to redirect international calls over the internet and make them look like local calls. Also read | ChatGPT AI chatbot fails UPSC 'exam', will it do MA next? As per Infosys, "a SIM box fraud diverts international calls to a cellular device through the internet. This device, called a SIM box, routes the connections back into the network as local calls, using hundreds of low-cost or even unpaid SIM cards, which are often obtained with forged identities." They thus benefit by exploiting the "difference between local and international charges by paying just local rates or none at all to cell carriers after billing international rates from the source." Also read | Indian start-up CynLr is helping industrial robotic arms gain ’vision and intelligence’ While the caller still pays the higher international call rates, the middleman gets away with paying the local rates and the local telecom operator suffers revenue loss. Additionally, the end users get affected by poor service quality, which also reflects badly on the telecom operator. Infosys warns that these frauds can also become a threat to national security as they can bypass legal intercepts which monitor criminal activity. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

SIM box fraud costs telecom sector $3 billion. Here's what it is

The Adani-Hindenburg saga still continues. This time around, the allegation of fraud in Adani's Australian firm has surfaced. Hindenburg report questions 3 transactions.

Adani Australia controversy: Allegation of fraud in Adani's Australia firm

Former US Secretary of State Mike Pompeo, in his new book, called former Afghanistan President Ashraf Ghani “a total fraud” who was only focused on staying in power, acted as a hurdle in peace talks and finally fled from the country when the Taliban came to power in Afghanistan.

In his book “Never Give an Inch: Fighting for the America I Love," Pompeo alleges both Ghani and former chief executive of Afghanistan Abdullah Abdullah were involved in corruption which limited the ability of the US to exit the war-torn nation successfully in August 2021.

ALSO READ | <a href="https://www.wionews.com/world/india-pakistan-came-close-to-a-nuclear-war-claims-mike-pompeo-in-his-new-book-555711">India, Pakistan were on verge of nuclear war in 2019, claims Mike Pompeo in book</a>

“As negotiations accelerated, Ghani was always a problem. I met scores of world leaders, and he was my least favourite. That’s saying a lot when you have Kim (Jong-un), Xi (Jinping), and (Vladimir) Putin in the mix. Yet Ghani was a total fraud who had wasted American lives and was focused solely on his own desire to stay in power,” writes Pompeo in his book.

“Never once did I sense that he was prepared to take a risk for his country that might imperil his power. This disgusted me,” he added, as the book talked about the negotiations between the Taliban and the US administration headed by former President Donald Trump.

Former diplomat Zalmay Khalilzad was appointed as the special envoy for talks with the Taliban by the Trump administration.

Pompeo added that Ghani emerged victorious in the re-election due to massive electoral fraud.

“According to the final nominal tally, Ghani had defeated the country’s chief executive, Abdullah Abdullah. But the truth was that Ghani simply had bribed more voters and vote counters than the other candidates had,” the former Secretary of State said.

He said that both Abdullah and Ghani were fighting to become the next president without worrying about whether there be a government to lead the country.

WATCH | Mike Pompeo: US is a friend while China is a predator

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“At General Miller’s request, I hopped on a plane to Afghanistan on March 23, 2020, to tell them that they needed to find an accommodation, or I would advise President Trump that we should exit the country immediately, beginning with the elimination of the roughly USD 5–6 billion per year in foreign assistance that we were providing at the time. This was a real threat,” noted Pompeo.

“While the public focus was almost always on how the aid provided security assistance, its larger purpose was to preserve civil order. It funded schools and health care, but it also meant ‘walking around money’ for local leaders. That’s a euphemism for bribery, and it’s the sad reality of both how American aid and Afghan society worked,” he stated.&nbsp;

(With inputs from agencies)

You can&nbsp;now write for wionews.com&nbsp;and be a part of the community. Share your stories and opinions with us&nbsp;<a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

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Former US Secretary of State Mike Pompeo, in his new book, called former Afghanistan President Ashraf Ghani “a total fraud” who was only focused on staying in power, acted as a hurdle in peace talks and finally fled from the country when the Taliban came to power in Afghanistan.

Former US Secretary of State Mike Pompeo, in his new book, called former Afghanistan President Ashraf Ghani “a total fraud” who was only focused on staying in power, acted as a hurdle in peace talks and finally fled from the country when the Taliban came to power in Afghanistan. In his book “Never Give an Inch: Fighting for the America I Love," Pompeo alleges both Ghani and former chief executive of Afghanistan Abdullah Abdullah were involved in corruption which limited the ability of the US to exit the war-torn nation successfully in August 2021. ALSO READ | India, Pakistan were on verge of nuclear war in 2019, claims Mike Pompeo in book “As negotiations accelerated, Ghani was always a problem. I met scores of world leaders, and he was my least favourite. That’s saying a lot when you have Kim (Jong-un), Xi (Jinping), and (Vladimir) Putin in the mix. Yet Ghani was a total fraud who had wasted American lives and was focused solely on his own desire to stay in power,” writes Pompeo in his book. “Never once did I sense that he was prepared to take a risk for his country that might imperil his power. This disgusted me,” he added, as the book talked about the negotiations between the Taliban and the US administration headed by former President Donald Trump. Former diplomat Zalmay Khalilzad was appointed as the special envoy for talks with the Taliban by the Trump administration. Pompeo added that Ghani emerged victorious in the re-election due to massive electoral fraud. “According to the final nominal tally, Ghani had defeated the country’s chief executive, Abdullah Abdullah. But the truth was that Ghani simply had bribed more voters and vote counters than the other candidates had,” the former Secretary of State said. He said that both Abdullah and Ghani were fighting to become the next president without worrying about whether there be a government to lead the country. WATCH | Mike Pompeo: US is a friend while China is a predator “At General Miller’s request, I hopped on a plane to Afghanistan on March 23, 2020, to tell them that they needed to find an accommodation, or I would advise President Trump that we should exit the country immediately, beginning with the elimination of the roughly USD 5–6 billion per year in foreign assistance that we were providing at the time. This was a real threat,” noted Pompeo. “While the public focus was almost always on how the aid provided security assistance, its larger purpose was to preserve civil order. It funded schools and health care, but it also meant ‘walking around money’ for local leaders. That’s a euphemism for bribery, and it’s the sad reality of both how American aid and Afghan society worked,” he stated. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Pompeo calls ex-Afghan President Ashraf Ghani 'a total fraud' in his book

Elon Musk is on trial this week for potential fraud after tweeting in 2018 that he was poised to take Tesla private. In a federal courtroom in San Francisco, where Tesla CEO Musk was scheduled to be one of those summoned to testify, the selection of jurors who would evaluate the evidence began. The episode started in August 2018 when Musk tweeted that he had the funds to take Tesla private, sparking a wild rise in the price of the company's stock.

Stockholders sued Musk for allegedly costing them billions of dollars with the tweet that said finance was "secured" to buy out the company's shareholders.

"The plaintiff alleges that these tweets were materially false and artificially affected the price of Tesla stock and other securities after they were made," US District Court Judge Edward Chen said while summarizing the case for potential jurors.

The Tesla tycoon's attorneys, according to Chen, will contend that any attempts to prove that Musk's tweet was "materially" false or that shareholders experienced damage as a result would fail at trial.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/taliban-makes-use-of-elon-musks-twitter-paid-verification-553369">Elon Musk's Twitter removes paid verification feature of Taliban after outrage</a>

Last week, Chen rejected Musk's request to move the proceedings to Texas, the southern state where Musk relocated Tesla's headquarters.

The multibillionaire, who purchased Twitter in late October and has been&nbsp;under harsh fire for his actions since assuming control of the social media company, was denied a fair trial, according to the defence attorneys, in San Francisco.

Musk radically changed the site's content moderation procedures after assuming control of Twitter, firing more than half of the 7,500 workers.

In 2018, Musk sent a brief tweet that caught the attention of law enforcement.

Also watch |&nbsp;World Business Watch: Tesla under fire in Germany over union concerns on working hours

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The Securities and Exchange Commission, which oversees the US stock market, imposed a $20 million fine and forced Musk to resign as Tesla's board chairman.

The SEC case, however, was prohibited from being discussed at the fraud trial owing to worries that it might sway the jury, according to media sources.

(With inputs from agencies)

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Elon Musk is on trial this week for potential fraud after tweeting in 2018 that he was poised to take Tesla private. In a federal courtroom in San Francisco, where Tesla CEO Musk was scheduled to be one of those summoned to testify, the selection of jurors who would evaluate the evidence began.

Elon Musk is on trial this week for potential fraud after tweeting in 2018 that he was poised to take Tesla private. In a federal courtroom in San Francisco, where Tesla CEO Musk was scheduled to be one of those summoned to testify, the selection of jurors who would evaluate the evidence began. The episode started in August 2018 when Musk tweeted that he had the funds to take Tesla private, sparking a wild rise in the price of the company's stock. Stockholders sued Musk for allegedly costing them billions of dollars with the tweet that said finance was "secured" to buy out the company's shareholders. "The plaintiff alleges that these tweets were materially false and artificially affected the price of Tesla stock and other securities after they were made," US District Court Judge Edward Chen said while summarizing the case for potential jurors. The Tesla tycoon's attorneys, according to Chen, will contend that any attempts to prove that Musk's tweet was "materially" false or that shareholders experienced damage as a result would fail at trial. Also read | Elon Musk's Twitter removes paid verification feature of Taliban after outrage Last week, Chen rejected Musk's request to move the proceedings to Texas, the southern state where Musk relocated Tesla's headquarters. The multibillionaire, who purchased Twitter in late October and has been under harsh fire for his actions since assuming control of the social media company, was denied a fair trial, according to the defence attorneys, in San Francisco. Musk radically changed the site's content moderation procedures after assuming control of Twitter, firing more than half of the 7,500 workers. In 2018, Musk sent a brief tweet that caught the attention of law enforcement. Also watch | World Business Watch: Tesla under fire in Germany over union concerns on working hours The Securities and Exchange Commission, which oversees the US stock market, imposed a $20 million fine and forced Musk to resign as Tesla's board chairman. The SEC case, however, was prohibited from being discussed at the fraud trial owing to worries that it might sway the jury, according to media sources. (With inputs from agencies) WATCH WION LIVE HERE:

Elon Musk's Tesla trial for alleged fraud over ‘funding secured’ tweet begins

Delhi police are looking for a man who pretended to be an employee of the Abu Dhabi royal family and stayed at the Leela Palace Hotel for over four months. He duped the 5-star hotel of Rs 24 lakh ($29,330) and also&nbsp;stole silverware and a mother-of-pearl tray from the hotel room.

The accused, Md Sharif, told the hotel staff that he resided in the UAE and is in India for some official work. Sharif, who stayed in room number 427 at the hotel, even said he personally worked with the Office of Sheikh Falah Bin Zayed Al Nahyan, a member of the royal family of Abu Dhabi, Leela Hotel’s management said at the time of filing the complaint, according to News18.&nbsp;

“One of our in-house guests… has run off from the hotel on 20th November 2022 with valuables and also without settling his outstanding bills… and has cheated The Leela Palace New Delhi of amount worth INR 23,46,413/- The guest checked into the hotel with a fake business card and had impersonated as an important functionary of the government of United Arab Emirates,” the FIR read.

Also Read |&nbsp;<a href="http://www.wionnews.com/india-news/indian-railways-staffer-fakes-robbery-at-gun-point-to-steal-money-reveal-cops-442139" hreflang="en">Indian Railways staffer fakes robbery at gun-point to steal money, reveal cops</a>

While speaking with the hotel staff, he’d often boast about his “work and life with the Royal family of Abu Dhabi” to look influential, authorities said.

Sharif stayed at the hotel from August 1 to November 20 last year and fled&nbsp;without settling the pending bills of $29,330, The Tribune reported. Out of the total bill of Rs 35 lakh ($42,796), he had reportedly paid Rs 11 lakh ($13,444) to the luxury hotel.&nbsp;

“This seems to be completely pre-planned since we were under the impression that by 22nd November 2022, the hotel will get dues cleared through the cheque he had submitted. This clearly signifies that Mr Sharif had malafide intentions and a clear intent to deceive hotel authorities,” the complainant told police.

Watch |&nbsp;Two held for stealing royal golden tiffin box worth millions in southern India

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<div class="videoWrapper trancodeVideo">&nbsp;</div>

<div class="videoWrapper trancodeVideo">The man fabricated a business card, UAE resident card, and other official documents, police said, according to The Indian Express.</div>

“We don’t think his ID cards are genuine and he is not related to the royal family in Abu Dhabi. We are checking if he has done this before. He paid part of the bill in August-September last year and later gave the hotel a cheque of Rs 20 lakh ($24,455). The cheque was submitted in November and it was found that it bounced due to insufficient funds,” a senior police officer told the publication.

On Saturday, a case was registered against the accused and he was booked for impersonation, theft and cheating. Police, who are yet to verify his personal details and occupation, assured that the accused will soon be apprehended.&nbsp;

“At this stage, it’s unclear where the man stayed before coming to the hotel. We are checking CCTVs and have mounted technical surveillance. He will be nabbed soon,” the officer stated.

(With inputs from agencies)

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Delhi police are looking for a man who pretended to be an employee of the Abu Dhabi royal family and stayed at the Leela Palace Hotel for over four months. He duped the 5-star hotel of Rs 24 lakh ($29,330) and also stole silverware and a mother-of-pearl tray from the hotel room.

Delhi police are looking for a man who pretended to be an employee of the Abu Dhabi royal family and stayed at the Leela Palace Hotel for over four months. He duped the 5-star hotel of Rs 24 lakh ($29,330) and also stole silverware and a mother-of-pearl tray from the hotel room. The accused, Md Sharif, told the hotel staff that he resided in the UAE and is in India for some official work. Sharif, who stayed in room number 427 at the hotel, even said he personally worked with the Office of Sheikh Falah Bin Zayed Al Nahyan, a member of the royal family of Abu Dhabi, Leela Hotel’s management said at the time of filing the complaint, according to News18. “One of our in-house guests… has run off from the hotel on 20th November 2022 with valuables and also without settling his outstanding bills… and has cheated The Leela Palace New Delhi of amount worth INR 23,46,413/- The guest checked into the hotel with a fake business card and had impersonated as an important functionary of the government of United Arab Emirates,” the FIR read. Also Read | Indian Railways staffer fakes robbery at gun-point to steal money, reveal cops While speaking with the hotel staff, he’d often boast about his “work and life with the Royal family of Abu Dhabi” to look influential, authorities said. Sharif stayed at the hotel from August 1 to November 20 last year and fled without settling the pending bills of $29,330, The Tribune reported. Out of the total bill of Rs 35 lakh ($42,796), he had reportedly paid Rs 11 lakh ($13,444) to the luxury hotel. “This seems to be completely pre-planned since we were under the impression that by 22nd November 2022, the hotel will get dues cleared through the cheque he had submitted. This clearly signifies that Mr Sharif had malafide intentions and a clear intent to deceive hotel authorities,” the complainant told police. Watch | Two held for stealing royal golden tiffin box worth millions in southern India The man fabricated a business card, UAE resident card, and other official documents, police said, according to The Indian Express. “We don’t think his ID cards are genuine and he is not related to the royal family in Abu Dhabi. We are checking if he has done this before. He paid part of the bill in August-September last year and later gave the hotel a cheque of Rs 20 lakh ($24,455). The cheque was submitted in November and it was found that it bounced due to insufficient funds,” a senior police officer told the publication. On Saturday, a case was registered against the accused and he was booked for impersonation, theft and cheating. Police, who are yet to verify his personal details and occupation, assured that the accused will soon be apprehended. “At this stage, it’s unclear where the man stayed before coming to the hotel. We are checking CCTVs and have mounted technical surveillance. He will be nabbed soon,” the officer stated. (With inputs from agencies) WATCH WION LIVE HERE:

Delhi: Man pretending to be UAE royal family employee dupes Leela Palace Hotel of $29,330

Nirav Modi who is accused of defrauding an Indian bank has appealed against being extradited to India. But according to reports, he can be put on a flight to India anytime now.

Gravitas: Will Nirav Modi be extradited to India

United States prosecutors on Wednesday charged eight social media influencers with fraud over the allegations of illegally pushing stocks on novice traders via Twitter and Discord.&nbsp;Reportedly, the individuals ripped off about $114 million of unsuspecting followers by purporting to be successful traders on the social media platforms.

As per an AFP report, prosecutors in the Southern District of Texas said that the accused were engaged in a so-called "pump and dump" scheme in which they would hype particular stocks to their followers with the intent of dumping them once prices jump.

The US Securities and Exchange Commission (SEC), as per Reuters report, said that it has filed civil charges against the defendants, claiming that seven of them used Discord and Twitter to boost stocks. The eighth&nbsp;one has been charged with aiding and abetting the scheme via a podcast he ran.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/us-federal-reserve-raises-interest-rate-for-7th-time-this-year-heres-what-it-means-543234">US Federal Reserve raises interest rate for 7th time this year: Here’s what it means</a>

Investigators said that the influencers mainly focused on penny stocks.

As per Forbes, penny stocks "are shares of publicly-listed companies that have a very low price value" that generally trade at really low prices of a dollar or less. Most of these shares were in companies with a market capitalisation of less than $100 million.

Mitchell Hennessey of Hoboken, New Jersey, Texas residents Edward Constantinescu, Perry Matlock, John Rybarczyk and Dan Knight, along with California residents Gary Deel and Tom Cooperman, Stefan Hrvatin of Miami have&nbsp;been named as the defendants.

Also read |&nbsp;<a href="https://www.wionews.com/world/twitter-has-stopped-paying-office-rent-considers-not-paying-severance-to-employees-fired-report-543010">Twitter has stopped paying office rent, considers not paying severance to fired employees: Report</a>

Of these Matlock has pleaded not guilty.

Assistant Attorney General Kenneth Polite of the Justice Department's Criminal Division said that "Securities fraud victimises innocent investors and undermines the integrity of our public markets."

(With inputs from agencies)

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United States prosecutors on Wednesday charged eight social media influencers with fraud over the allegations of illegally pushing stocks on novice traders via Twitter and Discord.

United States prosecutors on Wednesday charged eight social media influencers with fraud over the allegations of illegally pushing stocks on novice traders via Twitter and Discord. Reportedly, the individuals ripped off about $114 million of unsuspecting followers by purporting to be successful traders on the social media platforms. As per an AFP report, prosecutors in the Southern District of Texas said that the accused were engaged in a so-called "pump and dump" scheme in which they would hype particular stocks to their followers with the intent of dumping them once prices jump. The US Securities and Exchange Commission (SEC), as per Reuters report, said that it has filed civil charges against the defendants, claiming that seven of them used Discord and Twitter to boost stocks. The eighth one has been charged with aiding and abetting the scheme via a podcast he ran. Also read | US Federal Reserve raises interest rate for 7th time this year: Here’s what it means Investigators said that the influencers mainly focused on penny stocks. As per Forbes, penny stocks "are shares of publicly-listed companies that have a very low price value" that generally trade at really low prices of a dollar or less. Most of these shares were in companies with a market capitalisation of less than $100 million. Mitchell Hennessey of Hoboken, New Jersey, Texas residents Edward Constantinescu, Perry Matlock, John Rybarczyk and Dan Knight, along with California residents Gary Deel and Tom Cooperman, Stefan Hrvatin of Miami have been named as the defendants. Also read | Twitter has stopped paying office rent, considers not paying severance to fired employees: Report Of these Matlock has pleaded not guilty. Assistant Attorney General Kenneth Polite of the Justice Department's Criminal Division said that "Securities fraud victimises innocent investors and undermines the integrity of our public markets." (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

US: 8 social media influencers posing as fin experts rip off $114mn from unsuspecting users; booked

The U.S prosecutors have charged eight individuals who were operating as Finance influencers in a stock fraud scheme. Watch this report for all the details.

Eight online influencers charged with stock fraud; Twitter & Discord used to manipulate stocks

Former Theranos executive Ramesh Balwani found guilty of wire fraud and conspiracy. Theranos executives falsely claimed the product could diagnose illnesses with a few drops of blood from a finger prick`.

Court finds Former Theranos executive Ramesh Balwani guilty for fraud and conspiracy

A Manhattan jury has found two Trump Organization companies guilty on multiple charges of criminal tax fraud and falsifying business records. Watch full video to know more.

Trump Organization found guilty on all charges in tax fraud scheme

Prosecutors in the Trump Organization tax fraud asserted on Friday (December 2) that former US president Donald Trump knew about the fraud taking place in the family business. Prosecution also said that not only Trump knew about the fraud, he also sanctioned the manoeuvres that enabled his companies avoid tax in a sweeping 15-year operation.

“Donald Trump is explicitly sanctioning tax fraud. That’s what this document shows,” said Joshua Steinglass, the prosecutor in Manhattan Criminal Court on Friday. “This whole narrative that Donald Trump is blissfully ignorant is just not real.”

Trump's lawyers have taken a stance that the former US president did not know about the fraud taking place in the organisation. Their line of defence is concentrated on the assertion that Allen Weisselberg, a former senior executive in the company, committed the fraud.

"We are here today because of one reason and one reason only - the greed of Allen Weisselberg," said the defence earlier this week. "The purpose of Mr. Weisselberg's crimes was to benefit Mr. Weisselberg."

Watch | US appeals court rules against Donald Trump in Mar-a-Lago documents case

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Defence lawyer Susan Necheles also said that Donald Bender, an accountant with the firm Mazars USA, did not pay heed to Weisselberg's wrongdoing and chose to stay silent.&nbsp;

On Friday, when the prosecution alleged that Trump knew about the fraud, the defence asked the judge for a mistrial.

“We picked a jury...based on the people’s representations that Donald Trump was not on trial,” said defence lawyer Michael van der Veen, adding that the prosecution has now “made him a co-conspirator.”

The entire matter revolves around the Trump Organization which was charged in July 2021 with paying personal expenses for some executives without reporting the income. They were also compensated as if they were independent contractors, in a 15-year scheme to cheat tax authorities.

Also Read | <a href="https://www.wionews.com/world/court-deals-big-setback-to-donald-trump-in-mar-a-lago-documents-issue-539271">Court deals big blow to Donald Trump in Mar-a-Lago documents issue&nbsp;</a>

The prosecutors need to prove that Weisselberg and other executives acted as "high managerial agents" of the company when they carried out tax fraud, and that they intended to benefit the company in some way.

(With inputs from agencies)

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Prosecutors in the Trump Organization tax fraud asserted on Friday (December 2) that former US president Donald Trump knew about the fraud taking place in the family business.

Prosecutors in the Trump Organization tax fraud asserted on Friday (December 2) that former US president Donald Trump knew about the fraud taking place in the family business. Prosecution also said that not only Trump knew about the fraud, he also sanctioned the manoeuvres that enabled his companies avoid tax in a sweeping 15-year operation. “Donald Trump is explicitly sanctioning tax fraud. That’s what this document shows,” said Joshua Steinglass, the prosecutor in Manhattan Criminal Court on Friday. “This whole narrative that Donald Trump is blissfully ignorant is just not real.” Trump's lawyers have taken a stance that the former US president did not know about the fraud taking place in the organisation. Their line of defence is concentrated on the assertion that Allen Weisselberg, a former senior executive in the company, committed the fraud. "We are here today because of one reason and one reason only - the greed of Allen Weisselberg," said the defence earlier this week. "The purpose of Mr. Weisselberg's crimes was to benefit Mr. Weisselberg." Watch | US appeals court rules against Donald Trump in Mar-a-Lago documents case × Defence lawyer Susan Necheles also said that Donald Bender, an accountant with the firm Mazars USA, did not pay heed to Weisselberg's wrongdoing and chose to stay silent. On Friday, when the prosecution alleged that Trump knew about the fraud, the defence asked the judge for a mistrial. “We picked a jury...based on the people’s representations that Donald Trump was not on trial,” said defence lawyer Michael van der Veen, adding that the prosecution has now “made him a co-conspirator.” The entire matter revolves around the Trump Organization which was charged in July 2021 with paying personal expenses for some executives without reporting the income. They were also compensated as if they were independent contractors, in a 15-year scheme to cheat tax authorities. Also Read | Court deals big blow to Donald Trump in Mar-a-Lago documents issue The prosecutors need to prove that Weisselberg and other executives acted as "high managerial agents" of the company when they carried out tax fraud, and that they intended to benefit the company in some way. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Trump knew about tax fraud in his company, says prosecution in closing arguments

In his first public appearance amid the collapse of FTX, a cryptocurrency firm that left investors with losses of billions of dollars, former FTX CEO Sam Bankman-Fired tried to distance himself from committing any fraud.&nbsp;

"Look, I screwed up," he told the 'Deadlock conference' hosted by CNBC News and The New York Times, and apologised for his 'mistakes' and the firm's sudden collapse. He said that he didn't knowingly behave fraudulently.

<a href="https://www.wionews.com/business-economy/cryptocurrency-lender-blockfi-files-for-bankruptcy-ftx-fallout-rattles-crypto-industry-538578">Also read |&nbsp;&nbsp;Cryptocurrency lender BlockFi files for bankruptcy; FTX fallout rattles crypto industry</a>

Speaking via video call, Bankman-Fried, occasionally on verge of tears, said, "I'm deeply sorry about what happened. Clearly, I made a lot of mistakes or things I would be able to give anything to be able to do over again."

He also said that the details that surfaced online shocked him amid the fall of the cryptocurrency firm.

Two individuals familiar with the situation said that Bankamn secretly transferred $10 billion in client money to Alameda Research, causing a liquidity crunch at the FTX. However, he told Reuters that he didn't move the money to the research firm and said he did not run Alameda.

<a href="https://www.wionews.com/world/disgraced-ftx-founder-ran-the-company-as-a-personal-fiefdom-says-attorneys-536619">Also read |&nbsp;Disgraced FTX founder ran the company as a 'personal fiefdom', say attorneys</a>

On Wednesday (Nov 30), he even said that he has close to nothing left and is now down to one credit card with nearly $100,000 in the bank.

The man once touted as a 'crypto genius' told the conference he is opening up against the advice of his lawyers from the Bahamas. When asked if he'll be travelling to the US, he said he might have to come for the upcoming congressional hearing over the company's collapse.&nbsp;

On November 11, Bankman-Fried resigned from FTX as the firm filed for bankruptcy protection while facing a significant financial crunch with a deluge of withdrawals from customers. A source told Reuters that the company has been facing US investigations since mid-November on how it handled customers' funds.&nbsp;

(With inputs from agencies)

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In his first public appearance amid the collapse of FTX, a cryptocurrency firm that left investors with losses of billions of dollars, former FTX CEO Sam Bankman-Fired tried to distance himself from committing any fraud.

In his first public appearance amid the collapse of FTX, a cryptocurrency firm that left investors with losses of billions of dollars, former FTX CEO Sam Bankman-Fired tried to distance himself from committing any fraud. "Look, I screwed up," he told the 'Deadlock conference' hosted by CNBC News and The New York Times, and apologised for his 'mistakes' and the firm's sudden collapse. He said that he didn't knowingly behave fraudulently. Also read | Cryptocurrency lender BlockFi files for bankruptcy; FTX fallout rattles crypto industry Speaking via video call, Bankman-Fried, occasionally on verge of tears, said, "I'm deeply sorry about what happened. Clearly, I made a lot of mistakes or things I would be able to give anything to be able to do over again." He also said that the details that surfaced online shocked him amid the fall of the cryptocurrency firm. Two individuals familiar with the situation said that Bankamn secretly transferred $10 billion in client money to Alameda Research, causing a liquidity crunch at the FTX. However, he told Reuters that he didn't move the money to the research firm and said he did not run Alameda. Also read | Disgraced FTX founder ran the company as a 'personal fiefdom', say attorneys On Wednesday (Nov 30), he even said that he has close to nothing left and is now down to one credit card with nearly $100,000 in the bank. The man once touted as a 'crypto genius' told the conference he is opening up against the advice of his lawyers from the Bahamas. When asked if he'll be travelling to the US, he said he might have to come for the upcoming congressional hearing over the company's collapse. On November 11, Bankman-Fried resigned from FTX as the firm filed for bankruptcy protection while facing a significant financial crunch with a deluge of withdrawals from customers. A source told Reuters that the company has been facing US investigations since mid-November on how it handled customers' funds. (With inputs from agencies) WATCH WION LIVE HERE

Former FTX CEO Sam Bankman-Fried apologises for his 'mistakes,' says didn't knowingly commit fraud

Are you being fooled by Black Friday sales? Consumer groups say that products are often cheaper some other time of the year. They say Black Friday is nothing but clever marketing. Priyanka Sharma tells you more.

Gravitas | Black Friday: Are you being cheated?

Allen Weisselberg, a former chief financial officer of the Trump Organization, appeared in court on Thursday, outlining how two of Donald Trump's children allegedly took part in a scheme to defraud tax authorities.

Weisselberg claimed that Donald Trump, or occasionally Eric Trump or Donald Trump Jr., wrote cheques totalling up to $100,000 to cover the cost of private school tuition of Weisselberg's grandchildren.&nbsp;

Weisselberg claimed that he subsequently gave the controller of the business the order to subtract $100,000 from his pay, enabling him to declare a lower income.&nbsp;

The Trumps signed copies of some of the cheques that were displayed in court.

Don't forget, I'm going to pay you back for this, Weisselberg claimed he promised Trump the first time he signed a tuition cheque. He claimed that the wage reduction served as payment.&nbsp;

Weisselberg, two Trump Organization businesses, and other defendants are charged with numerous counts of fraud and tax evasion.&nbsp;

In August, Weisselberg pleaded guilty to charges brought against him by the Manhattan District Attorney's Office, which claimed he received more than $1.7 million in untaxed pay.

Also &nbsp;Read:&nbsp;<a href="https://www.wionews.com/world/kherson-residents-switch-russian-sim-cards-with-ukrainian-ones-535144">Kherson residents switch Russian SIM cards with Ukrainian ones</a>

Over the course of the first two days of evidence, Weisselberg, who is still employed by the Trump Organization, has detailed a long list of advantages he and other executives got, for which he claims their incomes were also decreased to avoid paying taxes.&nbsp;

He claimed that in the case of himself and many other executives, significant bonus payments made to the executives in the manner of independent contractors to Trump Organization firms served to offset the compensation decreases.

(with inputs from agencies)

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Allen Weisselberg, a former chief financial officer of the Trump Organization, appeared in court on Thursday, outlining how two of Donald Trump's children allegedly took part in a scheme to defraud tax authorities.

Allen Weisselberg, a former chief financial officer of the Trump Organization, appeared in court on Thursday, outlining how two of Donald Trump's children allegedly took part in a scheme to defraud tax authorities. Weisselberg claimed that Donald Trump, or occasionally Eric Trump or Donald Trump Jr., wrote cheques totalling up to $100,000 to cover the cost of private school tuition of Weisselberg's grandchildren. Weisselberg claimed that he subsequently gave the controller of the business the order to subtract $100,000 from his pay, enabling him to declare a lower income. The Trumps signed copies of some of the cheques that were displayed in court. Don't forget, I'm going to pay you back for this, Weisselberg claimed he promised Trump the first time he signed a tuition cheque. He claimed that the wage reduction served as payment. Weisselberg, two Trump Organization businesses, and other defendants are charged with numerous counts of fraud and tax evasion. In August, Weisselberg pleaded guilty to charges brought against him by the Manhattan District Attorney's Office, which claimed he received more than $1.7 million in untaxed pay. Also Read: Kherson residents switch Russian SIM cards with Ukrainian ones Over the course of the first two days of evidence, Weisselberg, who is still employed by the Trump Organization, has detailed a long list of advantages he and other executives got, for which he claims their incomes were also decreased to avoid paying taxes. He claimed that in the case of himself and many other executives, significant bonus payments made to the executives in the manner of independent contractors to Trump Organization firms served to offset the compensation decreases. (with inputs from agencies)

Trump Org ex-CFO Weisselberg testifies Trumps played role in defrauding tax authorities

A United States district judge said that the British billionaire entrepreneur Richard Branson must face a lawsuit filed by the shareholders of Virgin Galactic who have alleged that he withheld information regarding issues faced by the company’s spaceship programme.

Billionaire Richard Branson could face fraud suit from Virgin Galactic shareholders

Trouble is mounting for the Trumps as former US President Donald Trump's family business may face fines of over 1.5 million US dollars, if found guilty.

US: Former President Donald Trump’s firm accused of hiding compensations

Former US President Donald Trump's firm accused of fraud and tax evasion

While Indian smartphone users are keen to browse their internet and experience 5G, scammers have sensed their excitement and using new methods to trick people into scheming.

Tech Talk: Cybercriminals using 5G to dupe phone users

Brazil forward Neymar will stand trial next week on fraud and corruption charges over his transfer to Barcelona from Santos in 2013 and the complainant, Brazilian investment firm DIS, said on Thursday it was demanding a five-year jail term.

Along with Neymar, the defendants in the trial being brought by Spanish prosecutors, which begins in Barcelona on Monday, are his parents, the two clubs, former Barca presidents Josep Maria Bartomeu and Sandro Rosell, and former Santos president Odilio Rodrigues.

The case stems from a complaint by DIS, a Brazilian company that owned 40% of the rights to Neymar when he was at Santos. It argues it lost out on its rightful cut from the transfer because the true value of the deal was understated.

Neymar has denied the allegations but lost an appeal in Spain's High Court in 2017, which paved the way for the trial.

Reuters has contacted representatives for Neymar and his parents for comment.

Rosell has also previously denied any wrongdoing. His representatives did not respond to a request for comment.

Barcelona and lawyers representing Bartomeu declined to comment on the case. Santos did not immediately respond to a request for comment and Rodrigues could not be immediately reached.

DIS is also requesting jail terms for Rosell and Bartomeu, and a 149 million euros ($144 million) fine.

Spanish prosecutors want a two-year prison term for Neymar and the payment of a 10 million euros fine and a five-year jail term for Rosell plus an 8.4 million euros fine for the Spanish club.

DIS acquired 40% of Neymar’s rights when he was aged 17 in exchange for 2 million euros. It argues that the player's sale to Barcelona was well below his real market value.

Barcelona said at the time of Neymar’s move that the transfer figure was 57.1 million euros, of which 40 million was paid to Neymar’s family.

DIS received a 40 percent share of the remaining 17.1 million that was paid to Santos.

"Neymar's rights have not been sold to the highest bidder. There were clubs that offered up to 60 million euros," DIS lawyer Paulo Nasser told a news conference in Barcelona on Thursday.

The court in Barcelona where the trial will be held said Neymar will have to appear in-person on Monday for the first day but it is unclear if he will be asked to stay for the whole hearing that could go on for two weeks.

Neymar, his parents, Rosell and Bartomeu will start their testimony next Friday.

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Brazil forward Neymar will stand trial next week on fraud and corruption charges over his transfer to Barcelona from Santos in 2013 and the complainant, Brazilian investment firm DIS, said on Thursday it was demanding a five-year jail term.

Brazil forward Neymar will stand trial next week on fraud and corruption charges over his transfer to Barcelona from Santos in 2013 and the complainant, Brazilian investment firm DIS, said on Thursday it was demanding a five-year jail term. Along with Neymar, the defendants in the trial being brought by Spanish prosecutors, which begins in Barcelona on Monday, are his parents, the two clubs, former Barca presidents Josep Maria Bartomeu and Sandro Rosell, and former Santos president Odilio Rodrigues. The case stems from a complaint by DIS, a Brazilian company that owned 40% of the rights to Neymar when he was at Santos. It argues it lost out on its rightful cut from the transfer because the true value of the deal was understated. Neymar has denied the allegations but lost an appeal in Spain's High Court in 2017, which paved the way for the trial. Reuters has contacted representatives for Neymar and his parents for comment. Rosell has also previously denied any wrongdoing. His representatives did not respond to a request for comment. Barcelona and lawyers representing Bartomeu declined to comment on the case. Santos did not immediately respond to a request for comment and Rodrigues could not be immediately reached. DIS is also requesting jail terms for Rosell and Bartomeu, and a 149 million euros ($144 million) fine. Spanish prosecutors want a two-year prison term for Neymar and the payment of a 10 million euros fine and a five-year jail term for Rosell plus an 8.4 million euros fine for the Spanish club. DIS acquired 40% of Neymar’s rights when he was aged 17 in exchange for 2 million euros. It argues that the player's sale to Barcelona was well below his real market value. Barcelona said at the time of Neymar’s move that the transfer figure was 57.1 million euros, of which 40 million was paid to Neymar’s family. DIS received a 40 percent share of the remaining 17.1 million that was paid to Santos. "Neymar's rights have not been sold to the highest bidder. There were clubs that offered up to 60 million euros," DIS lawyer Paulo Nasser told a news conference in Barcelona on Thursday. The court in Barcelona where the trial will be held said Neymar will have to appear in-person on Monday for the first day but it is unclear if he will be asked to stay for the whole hearing that could go on for two weeks. Neymar, his parents, Rosell and Bartomeu will start their testimony next Friday. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Neymar faces five-year jail-term request in corruption and fraud trial

Renowned Indian businessman M.M. Ramachandran, popularly known as 'Atlas' Ramachandran, died in Dubai on Sunday night (October 2) after a cardiac arrest.&nbsp;

As per his family sources, Ramachandran, the managing director of Atlas Jewellery and a film producer, was admitted to a hospital in Dubai a few days ago. His death happened when he was trying to rebuild his business after being released from jail some years ago.

<a href="https://www.wionews.com/india-news/mumbai-police-launches-probe-into-56-chinese-nationals-on-fraud-charges-520773">Also read |&nbsp;Mumbai police launch probe against 56 Chinese nationals on fraud, forgery charges</a>

Once an international success story in the Middle East and in South India, Ramachandran's situation deteriorated in 2015 after he was detained and sentenced to three years in prison in Dubai for alleged financial fraud, particularly on bounced cheques.&nbsp;

The businessman faced alleged defaults of over Rs. 1,000 crores ($10 billion) to the banks, notably the Bank of Baroda. He was one of the main targets of various cases in Dubai brought by Indian and UAE-based banks, the Indian Express reported.

Ramachandran started working for Canara Bank in 1963. In 1966, he relocated to the State Bank of India to work as a probationary officer before joining the bank's subsidiary. In 1974, he began working at the Commercial Bank of Kuwait till 1987.

<a href="https://www.wionews.com/india-news/fraudulent-shell-companies-with-chinese-links-uncovered-in-india-515148">Also read |&nbsp;Fraudulent shell companies with Chinese links uncovered in India, mastermind arrested</a>

Ramachandran entered the gold industry in 1981 and established his first Kuwait showroom, the Atlast showroom. Everything was going fine for him. However, during the Kuwait war, Ramachandran faced a significant loss but recovered all his losses after moving his business activities to the UAE.&nbsp;

In 2010, he directed one Malayalam film, produced several films, and became one of the well-known advertisers in Kerala's media sector. He appeared himself in the ads for Atlas jewellery network, which earned him the nickname 'Atlas' Ramachandran.

The Atlas Group operated 42 showrooms in the Gulf Cooperation Council (GCC) and three in India during its success. The group had a revenue of Rs 8,000 crore ($80 billion) in diverse sectors in 2014 before the empire was devastated. In 2015, the situation deteriorated, and Ramchnadran was detained. He was freed from jail in 2018.

(With inputs from agencies)

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Renowned Indian businessman M.M. Ramachandran, popularly known as 'Atlas' Ramachandran, died in Dubai on Sunday night (October 2) after a cardiac arrest. As per his family sources, Ramachandran, the managing director of Atlas Jewellery and a film producer, was admitted to a hospital in Dubai a few days ago.

Renowned Indian businessman M.M. Ramachandran, popularly known as 'Atlas' Ramachandran, died in Dubai on Sunday night (October 2) after a cardiac arrest. As per his family sources, Ramachandran, the managing director of Atlas Jewellery and a film producer, was admitted to a hospital in Dubai a few days ago. His death happened when he was trying to rebuild his business after being released from jail some years ago. Also read | Mumbai police launch probe against 56 Chinese nationals on fraud, forgery charges Once an international success story in the Middle East and in South India, Ramachandran's situation deteriorated in 2015 after he was detained and sentenced to three years in prison in Dubai for alleged financial fraud, particularly on bounced cheques. The businessman faced alleged defaults of over Rs. 1,000 crores ($10 billion) to the banks, notably the Bank of Baroda. He was one of the main targets of various cases in Dubai brought by Indian and UAE-based banks, the Indian Express reported. Ramachandran started working for Canara Bank in 1963. In 1966, he relocated to the State Bank of India to work as a probationary officer before joining the bank's subsidiary. In 1974, he began working at the Commercial Bank of Kuwait till 1987. Also read | Fraudulent shell companies with Chinese links uncovered in India, mastermind arrested Ramachandran entered the gold industry in 1981 and established his first Kuwait showroom, the Atlast showroom. Everything was going fine for him. However, during the Kuwait war, Ramachandran faced a significant loss but recovered all his losses after moving his business activities to the UAE. In 2010, he directed one Malayalam film, produced several films, and became one of the well-known advertisers in Kerala's media sector. He appeared himself in the ads for Atlas jewellery network, which earned him the nickname 'Atlas' Ramachandran. The Atlas Group operated 42 showrooms in the Gulf Cooperation Council (GCC) and three in India during its success. The group had a revenue of Rs 8,000 crore ($80 billion) in diverse sectors in 2014 before the empire was devastated. In 2015, the situation deteriorated, and Ramchnadran was detained. He was freed from jail in 2018. (With inputs from agencies) WATCH WION LIVE HERE

Indian businessman and film producer 'Atlas' Ramchandran dies in Dubai

The Economic Offences Wing (EOW) of Mumbai Police has received Look Out Circulars (LOCs) against 56 Chinese nationals for fraudulently becoming directors of Indian companies, some of which turned out to be shell companies.

Since April this year, at least 39 cheating and forgery cases have been registered. The FIRs are registered based on the complaints lodged by the Registrar of Companies, Mumbai. According to the EOW probe, dozens of Chartered Accountants (CAs) and Company Secretaries (CSs) have been named who allegedly have helped the accused foreigners. &nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/more-than-18-million-without-power-as-hurricane-ian-causes-devastation-in-florida-520745" hreflang="en">More than 1.8 million without power as Hurricane Ian causes havoc in Florida</a>

Allegations on which the EOW is probing currently&nbsp;accused CAs and CSs helped them in getting suspected shell companies registered in the names of Indian citizens,&nbsp;inducting the foreigners as directors of the companies, and transferring the entities to them for hefty charges.

EOW officials further stated that they are probing the angle if the accused Chinese nationals have opened companies with an intention of aiding and abetting the commission of any larger financial crimes in India or not.&nbsp;

Talking about the case, officials say the accused used the names of their friends and relatives as promoters. They submitted false information and documents to the registrar's office. On physical verification, all the documents that they had submitted turned out to be fake. And this is where the EOW probe started. No arrest has been made so far. &nbsp;

All accused have been booked under relevant sections of criminal breach of trust, cheating, falsification of accounts, criminal conspiracy, and under relevant sections of Company Act. &nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/united-states-and-pacific-island-nations-agree-to-declaration-of-partnership-says-blinken-520760">United States and Pacific island nations agree to ‘declaration of partnership’</a>

Officials say nothing conclusive has come so far in the investigation as questioning is going on currently. “All the CAs and CSs are being questioned currently and their statements are getting recorded. First, for us, the main reason is to find out why the accused Chinese nationals have set up shell companies in India.” &nbsp;

Central agencies like CBI and IB officials are also monitoring the case to check the progress. &nbsp;&nbsp;

This is part of a nationwide crackdown on shell companies with dummy Indian directors with Chinese connections. In April this year, the EOW of the Mumbai Police had registered 34 FIRs against 150 people, including 60 foreigners -- 40 of them from China -- for allegedly violating laws regarding the registration of new companies and for fraudulently becoming directors of Indian companies. &nbsp;

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The Economic Offences Wing (EOW) of Mumbai Police has received Look Out Circulars (LOCs) against 56 Chinese nationals for fraudulently becoming directors of Indian companies, some of which turned out to be shell companies.

The Economic Offences Wing (EOW) of Mumbai Police has received Look Out Circulars (LOCs) against 56 Chinese nationals for fraudulently becoming directors of Indian companies, some of which turned out to be shell companies. Since April this year, at least 39 cheating and forgery cases have been registered. The FIRs are registered based on the complaints lodged by the Registrar of Companies, Mumbai. According to the EOW probe, dozens of Chartered Accountants (CAs) and Company Secretaries (CSs) have been named who allegedly have helped the accused foreigners. Also read | More than 1.8 million without power as Hurricane Ian causes havoc in Florida Allegations on which the EOW is probing currently accused CAs and CSs helped them in getting suspected shell companies registered in the names of Indian citizens, inducting the foreigners as directors of the companies, and transferring the entities to them for hefty charges. EOW officials further stated that they are probing the angle if the accused Chinese nationals have opened companies with an intention of aiding and abetting the commission of any larger financial crimes in India or not. Talking about the case, officials say the accused used the names of their friends and relatives as promoters. They submitted false information and documents to the registrar's office. On physical verification, all the documents that they had submitted turned out to be fake. And this is where the EOW probe started. No arrest has been made so far. All accused have been booked under relevant sections of criminal breach of trust, cheating, falsification of accounts, criminal conspiracy, and under relevant sections of Company Act. Also read | United States and Pacific island nations agree to ‘declaration of partnership’ Officials say nothing conclusive has come so far in the investigation as questioning is going on currently. “All the CAs and CSs are being questioned currently and their statements are getting recorded. First, for us, the main reason is to find out why the accused Chinese nationals have set up shell companies in India.” Central agencies like CBI and IB officials are also monitoring the case to check the progress. This is part of a nationwide crackdown on shell companies with dummy Indian directors with Chinese connections. In April this year, the EOW of the Mumbai Police had registered 34 FIRs against 150 people, including 60 foreigners -- 40 of them from China -- for allegedly violating laws regarding the registration of new companies and for fraudulently becoming directors of Indian companies.

Mumbai police launch probe against 56 Chinese nationals on fraud, forgery charges

New York Attorney General Letitia James has accused former President Donald Trump, three of his adult children and the Trump Organisation, of massive fraud in a civil lawsuit following a three year inquiry into the finances of the family business.

NY Attorney General Letitia James files suit against Trump and his family for fraud

Online shopping has become an integral part of our modern society, and with the festive season right around the corner, we see various e-commerce portals offering attractive festive offers, driving more people to their platforms. While online shopping is bliss for humanity, the chances of becoming a victim of cyber fraud are much higher than in ordinary retail outlets. It is important to know certain rules while shopping online so that you do not lose your money, especially during this festive season.



Shop only on verified sites

The chance of being a victim of a fraudulent scheme is much lower on a website you already know.&nbsp;Those companies that have already built up their reputation and a large customer base will not take risks just for the sake of momentary quick earnings.&nbsp;Therefore, even during festive seasons, resist the temptation to order an item from an unknown seller offering a lower price.&nbsp;Festive time is not a reason to test new sellers or portals, especially the lesser-known ones with hard-to-believe offers.



Special attention should be paid to domains. Often, fraudsters use well-known brands with different Top Level Domains (TLDs). You can understand this by looking at the end of the address, e.g. instead of .com it may be .in, .net or .org. Of course, such sites may offer good promotions, but there is no guarantee that you will receive the goods ordered for the promotion (usually carried out on an advance payment). In addition, the owners of such sites get access to the confidential payment information of their customers.



Websites must be encrypted

Don't forget to look at the start of the website address (URL) as well - a secure website always starts with https://. It is not recommended to make purchases with your banking information on sites whose address starts with http://. It’s quite possible that such sites may not be owned by a fraudster but by an honest seller. However, your payment details on such sites are prone to theft as they transit over an insecure channel.



You should also stay alert in case you receive a request to send your credit card number or other details via e-mail. A normal e-store never works in this way.



Password protection

In well-known online stores, you'll need to create your own personal account. And here, too, you need to follow the safety rules and be creative while setting your password. It has long been known that using simple attributes such as your date of birth or car number as a password is highly vulnerable. However, there are many people who forget about it. If you can't come up with a strong password yourself, you can use a trusted password generator.



This feature is available in many password managers. It uses random characters and then stores them in its own secure database.



Check your financial transactions

Make it a habit to regularly check the status of your cards and bank accounts through internet banking or mobile banking. Often, during the festive season, we are less attentive and relaxed, and we use our cards in unfamiliar places. Carefully check each payment, and examine invoices for payments that you did not make. By noticing such transactions in time, you can block the card or account and prevent fraudsters from accessing your savings. At the slightest suspicion, call the hotline of the bank that you have an account with or issued your card, and resolve the issue as quickly as possible.



How to return?

It is rare, but it does happen that the goods you ordered at the same time were already purchased by another person and are no longer in stock. Therefore, before using the online store, find out in advance the return procedure at your bank or technical support, if we are talking about electronic money.



Endpoint Protection

Do not neglect endpoint security; install a reliable antivirus on your computer or smartphone. Try not to click on pop-ups; they may be malicious!



Stay cyber-safe and enjoy your online shopping! Happy Festival Days!

&nbsp;



&nbsp;

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Online shopping has become an integral part of our modern society, and with the festive season right around the corner, we see various e-commerce portals offering attractive festive offers, driving more people to their platforms.

Online shopping has become an integral part of our modern society, and with the festive season right around the corner, we see various e-commerce portals offering attractive festive offers, driving more people to their platforms. While online shopping is bliss for humanity, the chances of becoming a victim of cyber fraud are much higher than in ordinary retail outlets. It is important to know certain rules while shopping online so that you do not lose your money, especially during this festive season. Shop only on verified sites The chance of being a victim of a fraudulent scheme is much lower on a website you already know. Those companies that have already built up their reputation and a large customer base will not take risks just for the sake of momentary quick earnings. Therefore, even during festive seasons, resist the temptation to order an item from an unknown seller offering a lower price. Festive time is not a reason to test new sellers or portals, especially the lesser-known ones with hard-to-believe offers. Special attention should be paid to domains. Often, fraudsters use well-known brands with different Top Level Domains (TLDs). You can understand this by looking at the end of the address, e.g. instead of .com it may be .in, .net or .org. Of course, such sites may offer good promotions, but there is no guarantee that you will receive the goods ordered for the promotion (usually carried out on an advance payment). In addition, the owners of such sites get access to the confidential payment information of their customers. Websites must be encrypted Don't forget to look at the start of the website address (URL) as well - a secure website always starts with https://. It is not recommended to make purchases with your banking information on sites whose address starts with http://. It’s quite possible that such sites may not be owned by a fraudster but by an honest seller. However, your payment details on such sites are prone to theft as they transit over an insecure channel. You should also stay alert in case you receive a request to send your credit card number or other details via e-mail. A normal e-store never works in this way. Password protection In well-known online stores, you'll need to create your own personal account. And here, too, you need to follow the safety rules and be creative while setting your password. It has long been known that using simple attributes such as your date of birth or car number as a password is highly vulnerable. However, there are many people who forget about it. If you can't come up with a strong password yourself, you can use a trusted password generator. This feature is available in many password managers. It uses random characters and then stores them in its own secure database. Check your financial transactions Make it a habit to regularly check the status of your cards and bank accounts through internet banking or mobile banking. Often, during the festive season, we are less attentive and relaxed, and we use our cards in unfamiliar places. Carefully check each payment, and examine invoices for payments that you did not make. By noticing such transactions in time, you can block the card or account and prevent fraudsters from accessing your savings. At the slightest suspicion, call the hotline of the bank that you have an account with or issued your card, and resolve the issue as quickly as possible. How to return? It is rare, but it does happen that the goods you ordered at the same time were already purchased by another person and are no longer in stock. Therefore, before using the online store, find out in advance the return procedure at your bank or technical support, if we are talking about electronic money. Endpoint Protection Do not neglect endpoint security; install a reliable antivirus on your computer or smartphone. Try not to click on pop-ups; they may be malicious! Stay cyber-safe and enjoy your online shopping! Happy Festival Days! WATCH WION LIVE HERE

Online shopping in festive season, be careful with offers and money transactions

Nigerians are looking forward to the 2023 elections for many and varied reasons. However, other people are interested in the elections and their outcomes for several reasons. Globalisation and its ever-increasing tendency for inter-dependency of nations have brought to the fore the interests of global economic and power players in the Nigerian elections. Nigeria is at a crossroads and in a volatile state with heightened insecurity, insurgency, terrorist incursions, secessionist agitations and a melting economic situation. So will the much anticipated polls "Bend the curve?" here's a report from Abuja

World of Africa| Nigeria polls 2023: Opposition coalition alleges 'fraud'

Leading Rwandan singer Bruce Melodie has been arrested in Burundi on fraud allegations, shortly after arriving in the country to hold concerts, the Burundian interior ministry said Thursday. Uniformed and plainclothes police stopped the musician's car as he made his way from the airport in Burundi's economic capital Bujumbura on Wednesday evening, then put him in handcuffs, witnesses told AFP.

"Bruce Melodie is in custody, under investigation for fraud", the interior ministry said on Twitter, without elaborating.

The arrest of the Rwandan star, who was due to hold two concerts in Burundi on Thursday and Friday, was in connection with the cancellation of performances in 2018 and 2021. The interior ministry had cancelled the concerts at the last minute, first due to a diplomatic crisis between Rwanda and Burundi and the second time because of the Covid-19 pandemic.

"One of (the concert) promoters, Toussaint Niyukuri, filed a complaint with the police and demanded that the Rwandan singer reimburse a deposit of $2,000 which he had paid to him at the time," a relative of the musician told AFP on condition of anonymity.

Also read:&nbsp;<a href="https://www.wionews.com/entertainment/park-eun-bins-extraordinary-attorney-woo-sparks-autism-debate-512262" hreflang="en">Park Eun-bin's 'Extraordinary Attorney Woo' sparks autism debate</a>

The complainant also asked the singer, whose real name is Itahiwacu Bruce,&nbsp;to pay "a sum which rose from 30 million to 60 million Burundian francs ($14,650 to $29,300) and which, according to him, represent all the costs incurred before the cancellation of these concerts." He added that the singer was "ready to pay some of this money" on the condition that he is released.

Leading Rwandan singer Bruce Melodie has been arrested in Burundi on fraud allegations, shortly after arriving in the country to hold concerts, the Burundian interior ministry said Thursday.

Leading Rwandan singer Bruce Melodie has been arrested in Burundi on fraud allegations, shortly after arriving in the country to hold concerts, the Burundian interior ministry said Thursday. Uniformed and plainclothes police stopped the musician's car as he made his way from the airport in Burundi's economic capital Bujumbura on Wednesday evening, then put him in handcuffs, witnesses told AFP. "Bruce Melodie is in custody, under investigation for fraud", the interior ministry said on Twitter, without elaborating. The arrest of the Rwandan star, who was due to hold two concerts in Burundi on Thursday and Friday, was in connection with the cancellation of performances in 2018 and 2021. The interior ministry had cancelled the concerts at the last minute, first due to a diplomatic crisis between Rwanda and Burundi and the second time because of the Covid-19 pandemic. "One of (the concert) promoters, Toussaint Niyukuri, filed a complaint with the police and demanded that the Rwandan singer reimburse a deposit of $2,000 which he had paid to him at the time," a relative of the musician told AFP on condition of anonymity. Also read: Park Eun-bin's 'Extraordinary Attorney Woo' sparks autism debate The complainant also asked the singer, whose real name is Itahiwacu Bruce, to pay "a sum which rose from 30 million to 60 million Burundian francs ($14,650 to $29,300) and which, according to him, represent all the costs incurred before the cancellation of these concerts." He added that the singer was "ready to pay some of this money" on the condition that he is released.

Rwandan singer Melodie arrested in Burundi for fraud

Dolo-650 mg tablets were most commonly used in treatment&nbsp;of&nbsp;COVID-19 at the height of the coronavirus pandemic in India. When the drug became a meme, it attained its greatest level of popularity.

When the department accused the Dolo-650 manufacturer Bengaluru-based Micro Labs of tax cheating at the beginning of 2022, the lab was put under income tax scrutiny.

And now, in a hearing in the Supreme Court, the Federation of Medical &amp; Sales Representatives Association of India (FMRAI) has accused the manufacturer of giving doctors gifts worth Rs 1000 crores to get them to prescribe Dolo-650 mg as the go-to medication.&nbsp;

Even Chief Justice DY Chandrachud was upset by the accusation. He stated: "This is not music to my ears. I was also asked to have the same when I had Covid. This is a serious issue and matter."

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What is Dolo-650 mg?

The trademark name for a fixed-dose combination medication with 650 mg of paracetamol is Dolo 650 mg. It is analgesic and antipyretic, which means it alleviates pain and brings down temperature.

It is a non-steroidal anti-inflammatory medication that is even sold without a prescription. The vast majority of OTC products include paracetamol with 500 mg of salt. Pain and fever were the main COVID-19 symptoms, hence the sale of all fever-relieving medications increased dramatically.

What's behind the popularity?

During the pandemic, sales of all paracetamol brands skyrocketed because it was thought to be safe to treat COVID-19-related fever and pain.&nbsp;

The income from paracetamol sales climbed by 138.42 per cent between the second quarters of 2020 and 2021, according to an Indian Express report citing market research firm AIOCD-AWACS. While companies like GlaxoSmithKline, the manufacturer of Crocin and Calpol, saw sales soar by 53% and 158.9%, respectively, during that time, Dolo-650 sales increased by a remarkable 289.6%.

According to pharmaceutical specialists, this is due to Micro Labs, the company that makes Dolo 650, overmarketing and decreased availability of rival paracetamol products. And now, allegations of corruption.

How did they find a way around price control?

Under the Necessary Commodities Act, some essential pharmaceuticals and their formulations are priced according to the Drugs Price Control Order (DPCO), and no business is allowed to sell drugs for more than that amount. The price of paracetamol was recently established by a National Pharmaceutical Pricing Authority order at Rs 2.88 per tablet.&nbsp;

The price of a 500 mg Paracetamol tablet is currently regulated, but not the price of a 650 mg tablet. This is why businesses like Micro Labs could charge more for their medicine. Of course, this is a huge issue, and estimates suggest that the DPCO does not cover about 80% of medications.

Can it cause harm?

According to the doctors we spoke to, an adult's daily intake of paracetamol can range up to 2 grammes. Therefore, consuming 2-3 Dolos every day during fever would not necessarily be harmful. However, excessive paracetamol use has been related to serious liver damage. Dolo-650 is not recommended for people with persistent alcoholism, liver disease, or kidney disease.

What is the Dolo-650 controversy about?

Even though the pharmaceutical company has described this practice as sales promotion, the plea against the company claimed that several "unethical" benefits, including gifts and entertainment, sponsored international travel, hospitality, and other benefits, are provided to doctors for promoting&nbsp;and prescribing the drug.

It was stated that unethical drug promotion can negatively affect doctors' attitudes toward prescribing medications and harm human health through overusing/over-prescribing medications, prescribing medications in higher doses than necessary, prescribing medications for longer periods of time than necessary, prescribing a higher number of medications than necessary, and prescribing an irrational combination of medications.

(with inputs from agencies)

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Dolo-650 mg tablets were most commonly used in treatment of COVID-19 at the height of the coronavirus pandemic in India. When the drug became a meme, it attained its greatest level of popularity.

Dolo-650 mg tablets were most commonly used in treatment of COVID-19 at the height of the coronavirus pandemic in India. When the drug became a meme, it attained its greatest level of popularity. When the department accused the Dolo-650 manufacturer Bengaluru-based Micro Labs of tax cheating at the beginning of 2022, the lab was put under income tax scrutiny. And now, in a hearing in the Supreme Court, the Federation of Medical & Sales Representatives Association of India (FMRAI) has accused the manufacturer of giving doctors gifts worth Rs 1000 crores to get them to prescribe Dolo-650 mg as the go-to medication. Even Chief Justice DY Chandrachud was upset by the accusation. He stated: "This is not music to my ears. I was also asked to have the same when I had Covid. This is a serious issue and matter." × What is Dolo-650 mg? The trademark name for a fixed-dose combination medication with 650 mg of paracetamol is Dolo 650 mg. It is analgesic and antipyretic, which means it alleviates pain and brings down temperature. It is a non-steroidal anti-inflammatory medication that is even sold without a prescription. The vast majority of OTC products include paracetamol with 500 mg of salt. Pain and fever were the main COVID-19 symptoms, hence the sale of all fever-relieving medications increased dramatically. What's behind the popularity? During the pandemic, sales of all paracetamol brands skyrocketed because it was thought to be safe to treat COVID-19-related fever and pain. The income from paracetamol sales climbed by 138.42 per cent between the second quarters of 2020 and 2021, according to an Indian Express report citing market research firm AIOCD-AWACS. While companies like GlaxoSmithKline, the manufacturer of Crocin and Calpol, saw sales soar by 53% and 158.9%, respectively, during that time, Dolo-650 sales increased by a remarkable 289.6%. According to pharmaceutical specialists, this is due to Micro Labs, the company that makes Dolo 650, overmarketing and decreased availability of rival paracetamol products. And now, allegations of corruption. How did they find a way around price control? Under the Necessary Commodities Act, some essential pharmaceuticals and their formulations are priced according to the Drugs Price Control Order (DPCO), and no business is allowed to sell drugs for more than that amount. The price of paracetamol was recently established by a National Pharmaceutical Pricing Authority order at Rs 2.88 per tablet. The price of a 500 mg Paracetamol tablet is currently regulated, but not the price of a 650 mg tablet. This is why businesses like Micro Labs could charge more for their medicine. Of course, this is a huge issue, and estimates suggest that the DPCO does not cover about 80% of medications. Can it cause harm? According to the doctors we spoke to, an adult's daily intake of paracetamol can range up to 2 grammes. Therefore, consuming 2-3 Dolos every day during fever would not necessarily be harmful. However, excessive paracetamol use has been related to serious liver damage. Dolo-650 is not recommended for people with persistent alcoholism, liver disease, or kidney disease. What is the Dolo-650 controversy about? Even though the pharmaceutical company has described this practice as sales promotion, the plea against the company claimed that several "unethical" benefits, including gifts and entertainment, sponsored international travel, hospitality, and other benefits, are provided to doctors for promoting and prescribing the drug. It was stated that unethical drug promotion can negatively affect doctors' attitudes toward prescribing medications and harm human health through overusing/over-prescribing medications, prescribing medications in higher doses than necessary, prescribing medications for longer periods of time than necessary, prescribing a higher number of medications than necessary, and prescribing an irrational combination of medications. (with inputs from agencies)

Explained: Dolo-650 controversy and Rs 1000 crore freebie accusation

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