HR manager loses Rs 36 lakh to online cheats with promise of share trade profits
Thane (PTI): An HR manager was cheated of Rs 36.74 lakh in an online investment fraud, a Navi Mumbai police official said on Sunday.
The victim was contacted by a woman claiming she represented a SEBI-registered firm and was added to a Whatsapp group with the promise of high returns in share trading, the Nerul police station official said.
"He downloaded a link given to him by the accused. After an initial profit of Rs 50,000, he made investments totalling Rs 36.74 lakh between August and September 2025. However, when he was unable to withdraw his so-called profits, the HR manager realised he had been duped," Nerul police station inspector Bramhanand Naikwadi said.
A case has been registered against unidentified persons for criminal breach of trust and other offences under Bharatiya Nyaya Sanhita and Information Technology Act, he added.
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SC slams freebies culture, says states should open avenues for employment
New Delhi (PTI): The Supreme Court on Thursday slammed the freebies culture, saying it was high time to revisit such policies that hamper the country's economic development.
Taking note of the Tamil Nadu Power Distribution Corporation Ltd's plea, which proposed to provide free electricity to all irrespective of financial status of consumers, the top court said it was quite understandable if states hand-hold the poor.
“Most of the states in the country are revenue deficit states and yet they are offering such freebies” overlooking development, a bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi said.
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The bench said economic development of the nation gets hampered with this kind of largesse distribution and states should work to open avenues for employment instead of giving free food, cycles, electricity to all.
The top court, however, issued notice to Centre and others on the plea of the DMK government-led power distribution firm which proposes to provide free electricity.
The power firm has challenged a rule of the Electricity Amendment Rules, 2024.
“What kind of culture are we developing in India? It is understandable that as part of the welfare measure you want to provide to those who are incapable of pay the electricity charges,” the bench asked.
“But without drawing a distinction between those who can afford and those who cannot, you start distributing. Will it not amount to an appeasing policy,” the CJI asked.
The bench asked as to why the Tamil Nadu firm suddenly decided to loosen the purse strings after the electricity tariff was notified.
“The states should work to open avenues for employment. If you start giving free food from morning to evening then free cycle, then free electricity then who will work and then what will happen to the work culture,” the CJI said.
The bench said states, instead of spending on development projects, do two jobs - paying salaries and distributing such largesse.
