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The <keyword id="19895344" type="General" weightage="20" keywordseo="Enforcement-Directorate" source="keywords">Enforcement Directorate</keyword> alleged Saturday that the CPI(M) in <keyword id="19896018" type="General" weightage="20" keywordseo="Kerala" source="keywords">Kerala</keyword> was holding proceeds of <keyword id="19899231" type="General" weightage="20" keywordseo="money-laundering" source="keywords">money laundering</keyword>, as it attached a land parcel and <keyword id="20202062" type="General" weightage="20" keywordseo="bank-deposits" source="keywords">bank deposits</keyword> worth Rs 73 lakh of the political party in a <keyword id="19913348" type="General" weightage="20" keywordseo="probe" source="keywords">probe</keyword> linked to the Karuvannur Service Cooperative Bank "scam". Assets worth Rs 28.65 crore of various individuals and entities linked to the case have also been attached by the federal agency after a provisional order under the <keyword id="19912399" type="General" weightage="20" keywordseo="prevention-of-money-laundering-act" source="keywords">Prevention of Money Laundering Act</keyword> (PMLA) was issued. Official sources said the party may be nam<keyword id="19956083" type="General" weightage="20" keywordseo="ED" source="keywords">ed</keyword> as an accused in the next supplementary chargesheet to be filed in this case. If so, it will be the second political party to be arraigned as accused in a money laundering investigation after the Aam Aadmi Party. AAP has recently been named by the ED in the Delhi excise policy case. The CPI(M) vehemently denied the charges of wrongdoing and money laundering. The attached assets include 18 immovable properties, valued at Rs 28.65 crore, consisting of lands and buildings in Kerala of the beneficiaries of the "scam", including an immovable property worth Rs 10 lakh registered in the name of a district secretary of the Communist Party of India (Marxist) for a party office, the ED said in a statement. The attachment also includes eight movable properties, including a credit balance of Rs 63.62 lakh in eight "undisclosed" bank accounts of the CPI(M) local area committees in Thrissur, it added. The agency claimed that the CPI(M) received these funds from the beneficiaries as donations through the governing body and the party is "in possession of proceeds of crime" which has been invested in the purchase of immovable properties and credited to its five bank accounts in the Karuvannur Service Cooperative Bank Ltd. The bank is promoted by the party. The CPI(M) rejected the ED charges, saying it would legally and politically fight any move by the agency to arraign it in the case linked to the alleged multi-crore Karuvannur bank scam. Party state secretary M V Govindan alleged that the ED was trying to make opposition parties and their leaders accused in various cases due to political reasons. He also accused the central agency of attempting to create a smokescreen as it had failed to collect any evidence against the party. The ED believes that the land parcel attached by it was meant for the CPI(M) party office and was purchased using alleged kickbacks from the loanees or beneficiaries of the loans sanctioned by the Karuvannur Service Cooperative Bank. The agency has relied on the "confessional" statements of at least two accused in this case who claimed in their statements recorded before a judicial magistrate that the purported irregularities in the bank were orchestrated at the behest of CPI(M) Thrissur district committee leaders. The ED alleged that "bogus loans" were sanctioned by the Karuvannur Service Cooperative Bank on the same property multiple times without the knowledge of members of the society. "Investigation found benami loans were sanctioned to non-members against inflated property valuations in the names of other members and such loan funds were siphoned off and laundered by the accused beneficiaries," it said, adding that the loan amounts were disbursed in cash to avoid a money trail. "Such benami and illegal loans were sanctioned at the behest of the secretary and the governing body of the society in connivance with the then-bank manager, at the behest of the Thrissur district committee, CPI(M). "In return, the Thrissur district committee, CPI(M), collected money in the form of donations and salary cut from the beneficiaries and society committee members into their undisclosed and illegally opened bank accounts in the same society," the agency said. These funds, according to the ED, were utilised for the purchase of land worth Rs 10 lakh by the secretary of the Thrissur district committee of the CPI(M) for the construction of the party office, which has now been attached as proceeds of crime. Govindan said it has been a decades-long practice of registering the office and other assets of party units in the name of the respective district committees. What role does the party have in the office constructed by one of its local committees, he asked. But the ED is now trying to tarnish the image of the CPI(M) in the name of the assets of one such party unit, Govindan claimed. "We will fight it legally and politically. We haven't got any notice in this regard so far," he told reporters. The ED filed a chargesheet in this case against 55 accused entities in November last year. The money laundering case stems from 16 FIRs registered by the <keyword id="20086884" type="General" weightage="20" keywordseo="kerala-police" source="keywords">Kerala Police</keyword> (<keyword id="20146853" type="General" weightage="20" keywordseo="crime-branch" source="keywords">Crime Branch</keyword>) in Thrissur in 2010. Four people have been arrested by the ED in this case so far.

After AAP, ED attaches land, bank deposits of CPI(M); says party holding proceeds of money laundering

<ul><li>The rise of artificial intelligence (AI) has also enabled scamsters to innovatively use AI to scam people.</li><li>A 73-year-old retired government employee was scammed into transferring ₹40,000 to a fraudster using an <keyword id="18051654" type="General" weightage="100" keywordseo="ai-deepfake-video" source="Orion">AI deepfake video</keyword>.</li><li>The scammer used an AI deepfake to impersonate the victim’s friend.</li></ul>Artificial intelligence (AI) has become mainstream since the launch of ChatGPT, with awareness about AI’s abilities growing by the day. While AI has its fair share of benefits, it has also been put to some scary uses. In a bizarre incident, a WhatsApp scammer has used AI <keyword id="8809612" type="General" weightage="20" keywordseo="deepfake-video" source="Orion">deepfake video</keyword> to steal ₹40,000 from <keyword id="18051655" type="General" weightage="50" keywordseo="ps-radhakrishnan" source="Orion">PS Radhakrishnan</keyword>, a 73-year-old retired government employee from Kozhikode, Kerala. The <keyword id="130129" type="General" weightage="80" keywordseo="kerala-police" source="Orion">Kerala Police</keyword> have shared information about the incident in a<a href="https://www.facebook.com/keralapolice/posts/667139505439973?ref=embed_post"> post</a> on Facebook. According to the post, the scammer used artificial intelligence to impersonate an ex-colleague of <keyword id="62601" type="General" weightage="80" keywordseo="radhakrishnan" source="Orion">Radhakrishnan</keyword>’s to dupe the latter into transferring ₹40,000. <cmsannotation type="cmsannotation" annotationid="What is AI deepfake?" comment="subhead" text="What is AI deepfake?">What is AI deepfake?</cmsannotation> To understand what happened, we need to first understand what AI deepfake actually is. Deepfake involves using AI to replace the likeness of one person with another. This may be in the form of video or audio. <cmsannotation type="cmsannotation" annotationid="The modus operandi" comment="subhead" text="The modus operandi">The modus operandi</cmsannotation> According to a<a href="https://www.hindustantimes.com/india-news/deepfake-scammers-trick-indian-man-into-transferring-money-police-investigating-multi-million-rupee-scam-101689622291654.html"> report</a>, the victim, Radhakrishnan, received a call from a person pretending to be his friend with whom he had worked for nearly four decades in Coal India. Initially, he asked the victim about his family members, shared his own family photographs and talked about their mutual colleagues. Later, the scammer called the victim and claimed that he was at the Dubai airport, waiting to board a flight to India. He then claimed that his sister-in-law was being prepped for an emergency surgery in Mumbai and an advance of ₹40,000 was needed. Radhakrishnan was initially sceptical and did not wish to send the money fearing an online scam. The scammer then said that he would immediately video call to put Radhakrishnan’s fears to rest. The scammer then video-called Radhakrishnan and spoke to him for 25 seconds. The victim has claimed that the scammer looked exactly like his friend and spoke like a normal person. This prompted him to send ₹40,000 to the scammer. The scammer then again called the victim, asking for an additional ₹35,000. This spooked Radhakrishnan, who then contacted his friend seeking confirmation but the friend denied any knowledge about all of this. After realising he had been scammed, Radhakrishnan approached the <keyword id="18051656" type="General" weightage="50" keywordseo="national-cyber-cell" source="Orion">National Cyber Cell</keyword> and the complaint was then transferred to the Kerala Police. The police were able to trace the money and froze the account. The Kerala Police have said that they have been able to recover the entire amount of ₹40,000. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/porsche-cayenne-cayenne-coupe-bookings-start-in-india-price-features-and-more/slidelist/101826310.cms">Porsche Cayenne, Cayenne Coupe bookings start in India – Price, features and more</a> <a href="https://www.businessinsider.in/business/auto/news/kia-seltos-facelift-vs-hyundai-creta-comparison-of-best-suvs-of-price-and-features/slidelist/101820842.cms">Sibling rivalry: Kia Seltos facelift vs Hyundai Creta – which SUV should you opt for?</a> <a href="https://www.businessinsider.in/tech/news/apple-may-launch-the-m3-powered-macbook-air-macbook-pro-and-imac-in-october/articleshow/101814955.cms">Apple M3-powered Macs expected to launch in October, iPad Pro may follow next year</a>

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After AAP, ED attaches land, bank deposits of CPI(M); says party holding proceeds of money laundering

PTI

AI-savvy scammer uses deepfake video to steal ₹40,000 via WhatsApp

Sourabh Jain

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