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What is a Fraud as per law in India

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What’s a Fraud according to Law in India Landmark Judgment of supreme court on Fraud By "fraud" is meant an intention to deceive; whether it is from any expectation of advantage to the party himself or from ill will towards the other is immaterial. The expression "fraud" involves two elements, deceit and injury to the person deceived. Injury is something other than economic loss, that is, deprivation of property, whether movable or immovable or of money and it will include any harm whatever caused to any person in body, mind, reputation or such others. In short, it is a non-economic or non-pecuniary loss. A benefit or advantage to the deceiver, will almost always cause loss or detriment to the deceived. Even in those rare cases where there is a benefit or advantage to the deceiver, but no corresponding loss to the deceived, the second condition is satisfied.  A "fraud" is an act of deliberate deception with the design of securing something by tak

What precautions Bank Customers need to take against frauds

What precautions Bank Customers need to take against frauds .. Adv. Prashant Mali, Cyber Security & Law Expert 1. Hold extra money in fixed Deposits and with written instructions to bank that no online Fd transfers. 2. Avoid any banking over phone lots of Vishing scams are happening, it is better to keep the phone down when some one says calling from bank. Till the scams are weeded out by banks or police. 3. If your SIM is deactivated, it normally happens on weekends, immediately call the bank from another phone and freeze you bank account, coz SIM exchange fraud may be happening. 4. Change your PIN number and passwords today, they are already leaked in the international market. Or your "true caller" database has it on their server. 5. Do not do banking from cyber cafe or from any office coz they keep all your logs and data officially , trust me human mind can go corrupt. 6. Today, go to the settings option of your Gmail and check for any filters or any forwarding instruc