DGGI busts 1,700 fake ITC cases worth Rs. 18,000 crore in Apr-Dec, arrests 98
DGGI has busted 1,700 fake Input Tax Credit (ITC) cases worth Rs 18,000 crore and arrested 98 people. Using data analysis and advanced tools, DGGI apprehended tax evaders involved in creating fake firms and companies. In one case, a firm in Haryana generated E-way bills and created Rs. 1,100 crore fraudulent ITC. Key Points
Economic TimesElections near and deepfakes loom: Seeing isn’t believing
Too many deep-fake video clips have been going viral. As AI restraints will take time and Indian general elections near, campaigners must caution India’s electorate against these. Key Points
mintIs Anything Still True? On the Internet, No One Knows Anymore
New tools can create fake videos and clone the voices of those closest to us. ‘This is how authoritarianism arises.’ Key Points
mintIncreased monthly GST collections mainly on account of higher compliance: CBIC chief
The Goods and Services Tax (GST) collection was Rs 1.87 lakh crore in April and in the first four months of the current fiscal, the collections have averaged Rs 1.67 lakh crore. Key Points
Economic TimesKarnataka govt to get 'fact-checkers' to comb social media for fake news. 'Not bid to control narrative'
Siddaramaiah-led Congress govt plans to employ fact-checking companies that use AI to detect & categorise online information. ‘Syndicates' behind malicious information to be 'punished'. Key Points
ThePrint
Companies in a fix as social media influencers 'fake' it
Companies across sectors such as packaged foods, health, electronics, automobiles, and beauty and lifestyle products seeking a greater social media presence are trying to fight the plague of influencers with fake follower numbers. There's been a steep surge of influencers on platforms such as Instagram as well as those who blog and stream videos in India. Brands need them but with the number of Indian social influencers pegged at 80 million, it's hard to figure out who's genuine. Key Points
Economic TimesEcommerce operators face problem in GST drive to check fake registration
Centre and state GST authorities have on May 16 launched a two-month drive to check fake registration under Goods and Services Tax (GST). The fake registrations are mainly taken to defraud the exchequer by wrongfully claiming Input Tax Credit (ITC). Key Points
Economic TimesOver 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing
The Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an effort to crack down on GST fraud. The biometric authentication will be used to verify the identities of individuals connected to businesses that are suspected of fraudulent activity. The CBIC chief, Vivek Johri, said that there are around 12,500 bogus entities that have been identified as claiming fake Input Tax Credit (ITC). Key Points
Economic TimesFM asks tax officers to strengthen GST registration process further by using technology
Smt @nsitharaman instructed that the GST registration process may be further strengthened using technology to curb entry of such fake entities in GST ecosystem. The FM called for a nationwide campaign to explain the objectives of the special drive to weed out fake entities, the office of the Finance Minister said in a tweet. During the review meeting, which was also attended by Revenue Secretary Sanjay Malhotra and CBIC Chairman Vivek Johri, Sitharaman was apprised of the methods like identity theft of people being adopted by fraudsters. Key Points
Economic TimesView: The great Indian poll story need not be hate or fake one
Karnataka state polls witnessed an unprecedented decline in decorum-based electoral competition castigating the Elections Commission for its inability to enforce the decades old Model Code of Conduct (MCC) as it primarily functions as a moral code. The poll campaigns surpassed a low-level benchmark of mutual disrespect and witness a surge of fake news on social media, making voter education imperative and raising concerns among election managers for the 2024 national elections. Key Points
Economic Times
Donal Bisht receives fake casting calls from 'Karan Johar's company'
Actor Donal Bisht opened up about receiving fake casting offers on email for the last few months. She said the person claims to be from Karan Johar's banner. Key Points
Hindustan TimesScammers creating fake websites of D-Mart, Big Basket, and Big Bazar to steal your money, how to stay safe
In a recent case of cyber fraud, Noida police busted a gang which was operating a fake website to steal money. Several fake websites of big brands like D-Mart, Big Basket, and Big Bazaar were used to lure people with discounts. Key Points
India TodayUP Board results not on April 5, government issues notice against fake news
"The notice stating results will be declared on April 5 is fake. Legal action will be taken against people who were involved in this," read the government notice. Key Points
The Indian ExpressSo, what's your SOKO rating?
A few years ago, 'Angel Priya' used to be one of the most popular fake names used on social media. Several men fell into the trap of believing there was actually a beautiful girl behind the beautiful name reaching out to them. Fast forward to today and people don't even bother to use a fake name. They make a fake profile using their real names. Key Points
The Economic TimesDelhi police lodges FIR against Hero Moto Chairman Pawan Munjal, alleging forgery
An FIR has been filed against Hero MotoCorp Chairman Pawan Munjal by the Delhi Police for allegedly falsifying accounts and availing tax credits on fake bills. The FIR accuses Munjal of forgery, cheating, and falsifying the books of accounts. Earlier this year, the Enforcement Directorate conducted searches against Munjal as part of a money laundering investigation. Key Points
Economic Times
Gang selling fake Amul butter, ghee busted in Noida
According to police, the accused used to allegedly package the butter and ghee in fake wrappers bearing the Amul brand name and sell it in the market. They said they have recovered such items worth Rs 65 lakh. Key Points
The Indian ExpressSangrur: Three held for duping eCommerce companies of ₹19L
Police busted an eCommerce fraud gang in India, arresting three people who allegedly created fake IDs to order mobile phones and claim refunds for defects. The trio took around INR19.68 lakh ($26,600) from companies including Flipkart, police said. A fourth suspect is still on the run. The accused sold the mobiles in the market after receiving refunds. Key Points
Hindustan TimesLok Sabha Elections: How AI will be a double-edged sword t boost fake news, curb voting manipulations in upcoming polls
AI technology brings both risks and benefits to elections in India. While it can facilitate transparent vote counting, it also presents challenges such as misinformation and the need for regulatory frameworks. Key Points
mintSpain's watchdog clears Amazon, Booking.com, Tripadvisor over fake reviews
Spain's anti-trust watchdog on Wednesday cleared Amazon (AMZN.O), Booking Holdings (BKNG.O) and Tripadvisor (TRIP.O) of participating in or facilitating fake reviews on their websites. Key Points
ReutersAI-generated fake Pentagon explosion sends stock market & social media spiraling
Fake explosion near Pentagon causes social media uproar & stock market frenzy. False report circulated on May 22 by a fake "Bloomberg Feed" account. | World News Key Points
Hindustan Times
Phone call scam cases rising in India, here is how to be safe
Scammers are using AI backed tools to create realistic and convincing fake voices to trick people and steal money. Here is how you can stay safe. Key Points
India TodayWhat to do if you get a fake note, what's the punishment for offence related to counterfeit currency?
if you receive a fake India rupee note, it's essential to stay calm, examine the note carefully, report it to the authorities, retain the note, and be prepared to lose the money. By taking these steps, you can prevent the spread of counterfeit currency and protect yourself from legal consequences. Key Points
Economic TimesGST Council likely to vet CBIC's plan for additional validations in return filing to check evasion
The CBIC last week introduced validation and risk rating for GST registrations, as it looks to curb fake entities issuing fake bills just to claim ITC benefit and defraud the exchequer. The official said the strategy to go in for additional validation both at the time of registration and filing of return is aimed at eliminating tax evasion. Key Points
Economic TimesMidjourney CEO says okay to make fun of Pope, Biden and others with AI images, but Xi Jinping is off limits
Fake pictures of Pope Francis in a white puffer jacket and US President Joe Biden in a cop's avatar took the internet by storm recently. The images were generated using AI tool Midjourney. However, the tool doesn't allow users to generate images of China's leader Xi Jinping. Key Points
India TodayAfter Deepfake, researchers alert Windows and Mac users on ClearFake and warn against browser update
Researchers have uncovered a new cyber threat, ClearFake, which is being used to install a dangerous malware called Atomic macOS Stealer (AMOS) on Mac and Windows devices. The malware primarily targets Apple users and steals sensitive data. Key Points
India Today
Chalk as tablets! This is how you can spot fake medicines
Medicines with a retail price of Rs 33 lakh were found to be just chalk and starch. An Assocham study says 25% of all medicines in India are fake, counterfeit or substandard. Doctors and chemists reveal how people can spot fake medicines and ensure they buy only genuine ones. Key Points
India TodayED attaches assets worth Rs 1.26 crore in Dehradun cyber fraud case
New Delhi [India], March 26 (ANI): The Enforcement Directorate (ED) has attached assets worth approximately Rs 1.26 crore linked to Dehradun-based A to Z Solutions, which is accused of duping foreign customers by providing fake online support services. The assets were attached in connection with a money laundering case involving A to Z Solutions — […] Key Points
ThePrintAhead of Amazon Prime Day, security researchers warn of fake Amazon websites
Amazon Prime Day on July 16-17, 2024, promises great deals but also poses phishing risks. Shoppers must stay vigilant to avoid cyber threats. Key Points
India TodayPune engineer gets fake call about illegal advertisements in his name, loses Rs 81 lakh in new online scam
A retired engineer from Pune was duped of Rs 81 lakh in a sophisticated online scam involving fake allegations of illegal advertisements. The scammers posed as law enforcement officials to intimidate and extort money from the victim. Key Points
India TodayGST Council may consider pan-India rollout of biometric-based authentication for registration: CBIC
Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration. Since the launch of GST on July 1, 2017, tax officers have detected fake ITC of Rs 1.42 lakh crore and recovered Rs 13,000 crore. As many as 1,350 people have been arrested for defrauding the exchequer. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/N75JS65ERZMDBN5TH2CHAFTTIE.jpg)
Belgium seizes fake weight-loss drugs containing insulin
Belgium’s drug regulator said it had seized counterfeit versions of semaglutide, the active ingredient in Novo Nordisk's (NOVOb.CO) popular obesity drug Wegovy, in which the injector pens contained insulin. Key Points
ReutersKarnataka: BJP demands CBI or NIA probe into fake Aadhaar card, voter ID creation case
The BJP MLA noted that one should have a birth certificate to create an Aadhaar card.'If these documents are created by bypassing the birth certificate, then one can understand the clout the accused enjoy, ' he said. Key Points
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