India
Terrorist Funding and Money Laundering Are Among Cryptocurrency Risks Says FM Sitharaman
Amid the pioneering fintech revolution, Union Finance Minister Nirmala Sitharaman branded “money laundering” and “its use for terror funding” the major risks of bitcoin. Her remarks occurred when she was speaking at a lecture at the International Monetary Fund (IMF current )’s spring meeting in Washington.
“I believe the largest danger for all nations will be money laundering and currency being used to finance terrorism,” she said, adding that legislation appears to be the only answer for employing such technology and that it will have to be so adapted that it is not behind the curve but ahead of it.
“But that’s not conceivable if one country believes it can do it alone; it needs to be done across the board,” she continued. The Union Minister’s remarks were particularly noteworthy since they came at a time when the debate about the future of bitcoin in India was on the increase. Taxation of cryptocurrencies was included in the Union Budget 2022, which was presented by Nirmala Sitharaman earlier this year. Virtual Digital Assets (VDAs), which include digital gold, central bank digital currency, and any other conventional digital assets, would be taxed at a rate of 30%.
A formal meeting in Washington will be attended by the Finance Minister.
In particular, the Finance Minister is now in Washington for the spring meetings of the International Monetary Fund and the World Bank, after which she will attend the G20 Finance Ministers’ conference and the meeting of central bank heads. She took part in a high-level panel discussion titled “Money at a Crossroad” sponsored by IMF Managing Director Kristalina Georgieva, who stated in her opening comments that it is a one-way path in which digital money will play a larger role.
Sitharaman also praised India’s digital performance and the government’s efforts to develop a digital infrastructure framework over the previous few decades, emphasizing the country’s increasing digital adoption rate, particularly during the COVID-19 epidemic.
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Woman Found Murdered at Ulwe Lodge, Boyfriend Dies by Suicide
23-year-old woman allegedly strangled by her boyfriend at a Sector 9 lodge; police launch investigation into the incident.
The Murder
A shocking incident was reported at Happy Residency Lodge in Sector 9, Ulwe, where a 24-year-old man allegedly murdered his 23-year-old girlfriend before dying by suicide.
According to the police, the incident came to light around midnight on Wednesday. The preliminary investigation suggests that the crime may have been linked to complications in their relationship. However, the exact motive is yet to be established. The woman’s father, Satyaveer Singh Chaudhary, a resident of Sankeshwar Plaza in Ulwe, approached the police after his daughter went missing on Tuesday. The family was scheduled to travel outside the state by flight, but the woman failed to return home.
Following the complaint, Ulwe police began searching for her. A technical investigation helped them trace her location to Happy Residency Lodge in Sector 9. When police reached the lodge at around 1 am on Wednesday, they found the woman’s body inside a room. Her boyfriend, identified as Bharat Pankaj Bhardwaj, alias Gaurav, was also found dead after allegedly hanging himself.
According to the post-mortem findings, the woman was strangled to death before the man died by suicide at around 4.45 am. Police have registered a murder case against the deceased man under Section 103(1) of the Bharatiya Nyaya Sanhita. Further investigation is being conducted by the Ulwe police.
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Fake Journalist Arrested for Allegedly Cheating Four People of Rs 19 Lakh in Ulwe Flat Deal
Navi Mumbai Police arrest accused from a Lonavala hotel, he allegedly promised affordable flats in Ulwe but failed to deliver.
Cheating
Navi Mumbai Police have arrested a man accused of cheating four people of approximately Rs 19 lakh by promising to provide flats at below-market prices in Ulwe. The accused, identified as Shailendra Devprabhakar Dwivedi, was arrested from a hotel in Lonavala.
According to the police, Dwivedi allegedly posed as a journalist and claimed to be associated with a real estate development firm, Shri Guru Builders and Developers. He reportedly promised affordable flats in a building being developed at Plot No. 453 in Sector 24, Ulwe.
Using these assurances, he allegedly collected a total of Rs 19 lakh from four people but failed to provide the promised flats. Vijay Jha (42), an incense-stick businessman, lodged a complaint at the Ulwe police station on October 7. After the complaint was registered, the accused allegedly went into hiding and frequently changed locations to avoid arrest. He also reportedly circulated misleading social media posts about Navi Mumbai police personnel.
Following a technical investigation, the police traced him to a hotel in Lonavala and arrested him around midnight on Thursday. Deputy Commissioner of Police Amit Kale stated that several other serious cases, including extortion, illegal possession of weapons, assault and obstructing government officials, had previously been registered against the accused at various police stations in Navi Mumbai and Thane. Further investigation is underway.
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Cyberattack at SBI’s Navi Mumbai IT Centre, 3.75 Lakh Records Allegedly Stolen
Hackers reportedly accessed servers at the CBD Belapur facility and stole data linked to YONO 2.0 and RAAS applications; police launch investigation.
The IT Centre
A major cybersecurity breach has been reported at the State Bank of India’s (SBI) Global IT Centre in CBD Belapur, Navi Mumbai, where hackers allegedly gained unauthorised access to the bank’s servers and stole around 3.75 lakh records.
According to a police complaint, the incident took place between October 9 and October 15, 2026. The stolen data reportedly included 32 CSV files containing approximately 3.75 lakh records linked to SBI’s YONO 2.0 and RAAS applications. Additionally, two JSON files and 2,721 PDF files were allegedly accessed.
The complaint suspects the involvement of an individual or hacking group operating under the name ‘Siriusim’, along with another unidentified person. It has also been alleged that the stolen information was circulated on the dark web. SBI official Bhavesh Nehru Nikam filed a complaint at the CBD police station. Police have registered a case against unidentified persons under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act.
The police are investigating how the hackers accessed the servers, who was responsible for the breach and whether the stolen information was misused. However, the exact nature of the compromised customer data remains unclear. There is no official confirmation yet regarding the theft of bank account numbers, passwords or financial transaction details.
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