Fraud - Latest Stories

  • MIFCO warns over scam calls

    MIFCO warns over scam calls

    Main fisheries company became the latest to be targeted by scammers as the company warned Wednesday over dubious phone calls in its name to seek funds.

    February 10, 2016 1 comment
  • Maldives main bank warns against scams

    Maldives main bank warns against scams

    The Maldives’ main bank issued a warning regarding recent scams targeting its customers late Friday.The Bank of Maldives Limited (BML) warned in a statement of swindlers masquerading as official institutions to deceive bank customers into divulging

    November 28, 2015
  • Several swindled in insurance scam

    Several swindled in insurance scam

    More than MVR100,000 have been stolen from several residents of an island after obtaining their debit card details by tricking them into believing that they would be reimbursed for unused medical insurance, police said Wednesday.

    November 25, 2015
  • Police again hunt Artur brothers' partner

    Police again hunt Artur brothers' partner

    Police are on the lookout again for a man implicated in several crimes, including a two-year-old case involving the notorious international criminals, Artur brothers.

    November 16, 2015
  • Compensation ruling over SBI fraud upheld

    Compensation ruling over SBI fraud upheld

    High Court on Tuesday upheld a Civil Court ruling that had ordered State Bank of India (SBI) to compensate for the MVR18 million found missing from the bank account of motorcycle retailer Sheesha's owners.

    September 08, 2015
  • PayPal to pay $25 mn for 'deception'

    PayPal to pay $25 mn for 'deception'

    SAN FRANCISCO, May 19, 2015 (AFP) - The US Consumer Financial Protection Bureau on Tuesday said PayPal will pay $25 million in refunds and penalties for illegally signing people up for its online credit product and mishandling complaints.

    May 21, 2015
  • Health blogger admits lying about cancer

    Health blogger admits lying about cancer

    SYDNEY, April 23, 2015 (AFP) - An Australian blogger and author who became a hit after claiming she was winning a battle with brain cancer through wholefoods and alternative therapies admitted Thursday she was lying and never had the disease.

    April 23, 2015
  • Alleged 'Flash Crash' trader nabbed

    Alleged 'Flash Crash' trader nabbed

    NEW YORK, April 21, 2015 (AFP) - Authorities arrested a high-frequency trader in London Tuesday to face US criminal charges of fraud and manipulation related to the May 2010 "Flash Crash."

    April 22, 2015
  • Money-grabbing scams on the rise: Police

    Money-grabbing scams on the rise: Police

    Police on Wednesday advised the public to be on the lookout, as money-grabbing scams reach new heights.

    December 31, 2014
  • MIFCO $1 mn case under investigation

    MIFCO $1 mn case under investigation

    Anti-Corruption Commission (ACC) and police have started looking into the case of a Thailand company’s slipup in transferring USD 1 million (MVR 15 million) to Maldivian Industrial Fisheries Company (MIFCO).

    December 22, 2014
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