Sneha Tibrewal

Sneha Tibrewal Empower your financial journey with expert insights and practical tips, join me to become independent

07/09/2026

BANK STRIKE ALERT!🚨

UFBU-IBA talks fail to resolve the 5-day banking & PLI dispute.

• 11 Sept: Nationwide strike
•28-30 Sept: 3-day strike
•26 Oct onwards: Indefinite strike it issues remain unresolved

The key demands: 5-day banking + changes to the revised PLI scheme.

Banking services could be impacted, so plan your important branch-related work accordingly.

Save & Share with anyone who banks regularly.

IndianBanking BankingUpdate
FinanceNews IndiaNews

06/09/2026

₹12,000 crore+ money laundering and cheating case🤯🤯

The Jaypee Group scam involves a massive ₹12,000 crore+ money laundering and cheating case, where funds from over 25,000 homebuyers, meant for projects like Wishtown and Greens in Noida, were illicitly diverted by promoters to related entities.

Former MD Manoj Gaur was arrested in November 2025, with authorities attaching assets worth ₹400 crore.

Key details of the investigation and scam:

Fund Siphoning: ED alleged that ~₹14,599 crore collected from homebuyers was diverted for non-construction purposes and siphoned to related entities, including Jaypee Sewa Sansthan.

Arrests and Raids: In November 2025, the ED arrested Manoj Gaur, former executive chairman/CEO of Jaiprakash Associates Limited (JAL) and MD of Jaypee Infratech Limited (JIL), regarding a 2017 FIR. Searches were carried out at 15 locations across Delhi, Noida, Ghaziabad, and Mumbai.

Asset Attachment: As of January 2026, the ED attached assets worth ₹400 crore linked to JAL, JIL, and other associated entities under the Prevention of Money Laundering Act (PMLA).

Homebuyer Crisis: Over 25,000 homebuyers in Noida have faced delays exceeding a decade, with some having paid up to 90–95% of the cost by 2014-2015, resulting in severe financial distress.

Entities Involved: The probe targets the financial fraud linked to JIL and JAL, along with associated entities including Jaypee Healthcare Limited and Jaypee Sports International Limited.The investigation stems from multiple FIRs registered by the economic offences wing of Delhi and Uttar Pradesh police, alleging criminal conspiracy, cheating, and breach of trust.

Were you aware about this scam?😧

30/08/2026

CA booked over Rs 465 crore foreign remittance fraud using shell firms🤯🤯

Hyderabad Central Crime Station (CCS) has booked a chartered accountant and others for allegedly facilitating unauthorised outward foreign remittances of more than Rs 464.8 crore through two alleged shell entities by issuing Form 15CB certificates without verifying their books, agreements or supporting documents.

The case centres on Form 15CB certificates issued for Clickwin Techno Solutions LLP, registered in Pune, Maharashtra, and Stockpile Softech Solutions Pvt Ltd, registered in Visakhapatnam, Andhra Pradesh. Form 15CB is a tax determination certificate issued by a Chartered Accountant (CA) for foreign remittances exceeding ₹5 lakh in a financial year.

According to the FIR, entities sending funds abroad are required, in applicable transactions, to furnish Form 15CB certified by a chartered accountant under Rule 37BB of the Income Tax Rules. The certification involves examining the transaction, agreements and supporting records and determining the tax implications before remittance through an authorised dealer bank.

Investigators alleged that Renati issued multiple Form 15CB certificates for the two entities without examining their books of accounts, agreements or supporting documents.

The FIR alleges that the entities were fictitious or shell concerns which were not operating from their registered addresses and had not filed income tax returns. During physical verification of Stockpile Softech Solutions Pvt Ltd’s registered office, investigators found that the premises had been occupied by another company, eProSoft India Private Limited, for the past five years.

According to the FIR, the CA’s certificates were relied upon by banks while processing the transactions, allowing the entities to remit a total of Rs 464.8 crore outside India during the two financial years.

Kindly follow CA Sneha Sovasaria Tibrewal for daily informative content.

25/08/2026

In ‘boss scam’ on Microsoft Teams platform, Pune firm loses Rs 30 lakh🤯🤯

Police said the case is significant as the fraud was carried out through Microsoft Teams, a workplace communication platform used by companies for internal conversations and instructions.

A PUNE-BASED engineering company lost Rs 30 lakh after a cyber fraudster allegedly impersonated one of its directors on Microsoft Teams and sent instructions to transfer the money to a bank account, in a whale phishing or “boss scam” attack.
According to an FIR registered with Bhosari MIDC police station, the fraudster used a Microsoft Teams profile carrying the name and appearance of the company’s director and managed to enter the company’s Teams group. The impersonator then sent a message directing an employee to transfer Rs 30 lakh to a specified bank account.

The incident took place at the company’s premises in Bhosari’s Balajinagar. After the transfer was made, the company realised the instruction had not come from its director and approached the police. The police have launched a probe to identify the person behind the impersonation and trace the money.

Kindly follow CA Sneha Tibrewal for daily informative content.

24/08/2026

700 recruits, 12 projects, one vanished company: Inside Pune’s IT job fraud.🤯🤯

Pune Police have arrested Thynk Technology India CEO Harshal Thakare in an alleged IT recruitment scam after hundreds of engineering graduates, freshers and interns claimed they were duped with promises of jobs, stipends and permanent employment before the company abruptly shut down operations.

The investigation began after more than 700 employees, most of them software engineers, fresh graduates and interns, were allegedly left jobless when Thynk Technology India abruptly ceased operations without prior notice. The company operated from Hinjawadi Phase II and conducted large-scale recruitment drives across Maharashtra during 2025.

During questioning, Thakare allegedly told investigators that the company was working on 12 different projects, each involving a team of at least 50 employees. So far, around 80 employees have submitted written complaints to the police. Based on these complaints, police registered a case against Thakare under Sections 316(2) and 318(4) of the Bharatiya Nyaya Sanhita (BNS).

Police said Thakare fled to Nashik and switched off his mobile phone after allegations against the company surfaced. However, after reports about the case appeared in the media, he allegedly contacted Pavanjeet Mane, president of the Forum for IT Employees (FITE), and threatened to drag him to the Labour Court. Mane shared the phone number with Hinjawadi police, who traced the location and arrested the accused.

Investigators are also searching for the company’s HR executive, Soumya Singh, and manager, Dhruvil Parekh, whose phones remain switched off. According to information provided by Thakare during the investigation, both had resigned from the company before the controversy surfaced.

Police have learned that the company allegedly maintained recruitment ties with several prominent engineering and IT colleges in Pune. During campus drives, students were offered employment opportunities and promised two months of training followed by a six-month internship carrying a monthly stipend of Rs 15,000.

Kindly follow CA Sneha Tibrewal for daily informative content.

23/08/2026

Pune IT professional loses Rs 4.43 crore in fake WhatsApp trading scam🤯🤯

A Pune IT professional alleged that cyber fraudsters drew him into a WhatsApp-based stock trading racket and fake app. The case points to a growing pattern of investment scams using bogus profit claims and trusted brand names.

Based on the victim’s complaint, the Cyber Crime Police Station in Pimpri Chinchwad has registered an FIR and launched an investigation into the case.

According to police, the victim came into contact with the fraudsters after responding to a social media post and was subsequently added to a WhatsApp group posing as a stock market advisory platform. The group allegedly used the name of a reputed international banking institution to gain credibility and attract investors.

Investigators said the group conducted daily online sessions at 6.30 am, offering stock market lessons, investment strategies and recommendations on supposedly high-performing stocks. An administrator identifying herself as “Maira” claimed to be an investment expert and regularly interacted with members. To build trust, the group frequently shared screenshots showing substantial profits allegedly earned by investors.

The complainant was eventually persuaded to download a trading application through a link shared in the group and open an investment account. Police said the app displayed impressive returns and showed investments growing rapidly, encouraging the victim to transfer funds through multiple transactions over a period of nearly two weeks.

During the fraud, the victim transferred a total of Rs 4.43 crore through 34 transactions. Investigators suspect the money was routed through several mule bank accounts located across different parts of the country.

Although the application reflected returns of nearly Rs 26.64 crore, the victim was unable to withdraw any funds. When he attempted to access the purported profits, the fraudsters allegedly demanded additional payments on various pretexts. Realising he had been duped, the victim approached the police.

Kindly follow CA Sneha Tibrewal

20/08/2026

Fake IAS Officer Claimed To Be Ajit Doval’s Undercover Agent, Arrested In Bihar.🤯🤯

The arrest
A man who allegedly posed as an IAS officer and claimed to be an undercover agent working under National Security Advisor Ajit Doval has been arrested in Bihar’s Khagaria district.

The accused, identified as Manish Gupta, was arrested from his residence in Jamalpur, under the Gogri police station area, after police received a tip-off, according to the police.

A search of his residence led to the seizure of a Tesla, a Tata Safari, imported liquor, mobile phones, bank cards and other items.

What did Gupta claim?
According to Khagaria Superintendent of Police Bhanu Pratap Singh, Gupta allegedly created an identity around supposed government connections.

During questioning, Gupta reportedly showed police a card claiming an association with the Central Vigilance Commission. He also allegedly claimed that he worked as an undercover agent under Ajit Doval.

Police said Gupta produced an identity card identifying him as an IAS officer. Preliminary verification, however, found that the claims were allegedly false.

Police allege that Gupta used the fabricated government identity to cheat people in Khagaria and other parts of Bihar.

Tesla carried a ‘Government of India’ board
One of the more unusual recoveries from the residence was a Tesla equipped with a full self-driving feature.

Police said the vehicle was carrying a ‘Government of India’ board and was allegedly used by Gupta while travelling across Bihar.

A Tata Safari was also seized from the premises. Police are now examining the vehicles and other assets as part of their investigation into the alleged fraud and their source.

Liquor, phones and bank cards seized
Police said they recovered more than 31 litres of imported foreign liquor, along with beer.

The search also allegedly yielded five Apple iPhones, 20 credit cards, eight debit cards and four cheque-books.

Two horns believed to belong to a barasingha, or swamp deer, were also found at the residence.

Police said possession of the suspected wildlife trophies is punishable under the Wildlife Protection Act.

18/08/2026

₹50 Lakhs missing from Bank locket🤯🤯

In July 2026, a woman in Kanpur, Uttar Pradesh, discovered that gold and silver jewellery worth approximately ₹50 lakh was missing from her State Bank of India (SBI) locker at the Swaroop Nagar branch after leaving it unopened for nearly 17 years.

Police registered an FIR against the branch manager and staff.Key Details of the IncidentTimeline & Origin: The locker (No. 23) was originally opened in 2003 at the State Bank of Travancore, which later merged into State Bank of India (SBI).

The Discovery: Following her husband’s death, the customer went to check the contents in July 2026. Initially, staff claimed no such locker existed, but it was later located and found completely empty.

Suspicious Access: Bank entry records indicate the locker was logged as accessed twice in 2020, though the owner claims she never opened it during that time.

Ongoing Probe: Local police are examining CCTV footage, entry logs, and internal bank accountability.Banking and Liability Context

Locker Fees: Annual rent for the locker continued to be regularly auto-debited from the customer’s account throughout the years.

RBI Guidelines: Under Reserve Bank of India rules, banks are required to exercise appropriate security and duty of care, though liability caps exist depending on proof of direct bank negligence versus customer oversight.

Edited by/ Shubham Sovasaria

15/08/2026

Do you know the person behind the massive ₹13,850 crore Scam?🤯🤯

The Nirav Modi Punjab National Bank (PNB) case is a massive financial fraud involving approximately ₹13,850 crore (over $2 billion) uncovered in 2018.

Diamantaire Nirav Modi and his uncle Mehul Choksi colluded with PNB officials to issue fraudulent Letters of Undertaking (LoUs) to obtain overseas credit. Modi, arrested in London in 2019, is fighting extradition to India, while Indian agencies have confiscated assets worth over ₹1,000 crore.

Key Details of the PNB Scam:

Modus Operandi: Between 2014 and 2017, PNB officials fraudulently issued LoUs through the SWIFT system without proper authorization or recording them in the core banking system.
The Scheme: These fraudulent LoUs were used to obtain credit from overseas branches of other Indian banks (like Axis Bank, Allahabad Bank) to pay for diamond imports that were largely fake or circular in nature.
The Exposure: The fraud was discovered in January 2018 when officials demanded security for new LoUs, which the companies could not provide.Key Accused: Nirav Modi, his companies (Firestar Diamond, Stellar Diamonds), Mehul Choksi (Gitanjali Gems), and accomplice PNB employees.

Legal and Investigation Updates:
Arrest & Extradition: Nirav Modi was arrested in London in March 2019 and is currently in jail. A UK court has ruled in favor of his extradition to India to face charges of money laundering and fraud.
Fugitive Status: Modi was declared a Fugitive Economic Offender in December 2019.
Recovery of Assets: The Enforcement Directorate (ED) has confiscated assets worth over ₹692 crore, with recoveries continuing as of 2024.Investigation Agencies: The investigation is led by the CBI and the ED for criminal conspiracy, cheating, and money laundering.

Do follow CA Sneha Tibrewal for more informative content.

Address

AT Road
Margherita
786181

Telephone

+917576803743

Website

Alerts

Be the first to know and let us send you an email when Sneha Tibrewal posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Sneha Tibrewal:

Shortcuts

Share