Frauds
- World
Indian-origin Sikh jailed, fined for multiple frauds in Singapore
Singapore: An Indian-origin Sikh and former CFO of Singapore-based technology company was given 11 months’ jail and fined SGD 20,000 for falsifying accounts, forgery, and not disclosing interested party transactions. Gurcharan Singh…
- Technology
Banks to spend additional $31 bn on AI to reduce frauds
New Delhi: Banks worldwide are expected to spend an additional $31 billion on artificial intelligence (AI) embedded in existing systems by 2025 to reduce fraud, according to a report. Similarly for banking…