Latest news with #Bagchi
NDTV
3 days ago
- NDTV
85 Rescued By Visakhapatnam Cops After Crackdown On Human Trafficking Racket
Visakhapatnam: Visakhapatnam Police has rescued 85 individuals and arrested 22 in a major crackdown on human trafficking and cybercrime operations, Dr. Shankabrata Bagchi, Visakhapatnam Police Commissioner announced on Wednesday. These criminal networks primarily targeted the Southeast Asian nations like Cambodia, Myanmar, Thailand, and Laos, preying on the aspirations of Indian youth seeking lucrative overseas employment. "Cybercrime police have arrested a gang involved in illegal human trafficking for cybercrimes, ensuring the safety of innocent victims," stated Commissioner Bagchi, emphasising the department's commitment to public safety. The Commissioner highlighted a disturbing trend where promising advertisements for "data entry jobs in air-conditioned rooms" with high salaries and minimal educational requirements lure unsuspecting young individuals into a trap. These victims, predominantly unemployed youth, are then trafficked to countries like Cambodia, Myanmar, and Bangkok, where they are coerced into working for China-based cyber scam companies. How Cops Cracked It A recent breakthrough occurred on July 14, 2025, when police apprehended an agent named Suresh from Gajuwaka and his accomplice, Adilakshmi alias Anu, at Visakhapatnam Airport. They were attempting to send four young men and women to Cambodia under the false pretense of data entry jobs. Investigations revealed that Suresh, who had previously worked in a scam company in Cambodia, had returned to India and, with the assistance of Vijay Kumar alias Sunny and Adilakshmi, had already trafficked 12 individuals. From them, police seized two cell phones, Rs 50,000 in cash, $2,000 (Rs 1.80 lakh), and 20 SIM cards. Police investigations indicate that Vijay Kumar alias Sunny acts as the primary agent for China-based scam companies in Cambodia, specifically targeting Telugu-speaking youth from Andhra Pradesh and Telangana. He uses local agents to entice unemployed individuals with false promises of employment. According to police intelligence, approximately 500 individuals from North Andhra have travelled to Cambodia and Myanmar on visiting visas. While some are genuine victims, the authorities believe others are intentionally involved in cybercrimes and have become agents themselves, recruiting more unemployed youth from India. Commissioner Bagchi issued a stern warning to fake agents and consultancies, stating that strict action will be taken under the Emigration Act-1983 against those deceiving the public. He emphasised that legitimate agents must hold a valid registration certificate, adhere to the Protection of Immigration Act, and refrain from overcharging or appointing sub-agents. Unregistered or fraudulent agents promising foreign jobs face immediate legal action and arrest. Public Advisory Issued A public advisory was also issued, urging citizens to verify agents' credentials on and to report suspicious activities or demands for high fees to the Visakhapatnam CP's special number 7995095799. Victims of scams are advised to call 1930 to file a complaint. Furthermore, an advisory to parents/guardians urged them to verify the activities of their children or relatives working in China-related scam companies in Cambodia, Myanmar, or Bangkok. "If they are involved in criminal activities, advise them to return to the country immediately. Otherwise, file a complaint with the City Police Commissioner," Dr. Bagchi urged. He warned that failure to comply could result in a Lookout Circular (LOC) and legal action, with information gathering coordinated via the Indian Embassy. "In this era where small hopes lead to big scams... Caution is protection. Stay alert - Don't get scammed - Stay aware," the Visakhapatnam Police Commissioner said, reiterating the urgency of public awareness and cooperation in combating these sophisticated criminal operations.
The Hindu
3 days ago
- The Hindu
Two arrested in human trafficking racket case linked to international cybercrime in Visakhapatnam
The City Police on Wednesday (July 16, 2025) arrested two individuals, including a woman, for their alleged involvement in a human trafficking racket connected to international cybercrime operations. The accused have been identified as L. Suresh and Adilakshmi, both residents of Gajuwaka. With the arrest of the duo, the police were able to prevent five youths from being trafficked out of the country. Addressing the media, Police Commissioner Shankabrata Bagchi said that the accused were running a recruitment agency that targeted unemployed youth, promising them computer-based jobs abroad. The victims were sent to countries such as Cambodia, Laos, Myanmar, Thailand, and Bangkok, and were trapped by cybercrime offenders and forced into illegal activities, he said, adding that the kingpin of the racket has been identified as Vijay Kumar, who is suspected of recruiting at least 150 individuals for such overseas scams. Explaining the modus operandi, Mr. Bagchi said the cybercrime offenders would create fake social media profiles to target elderly and influential people. These fraudsters would lure victims into schemes involving cryptocurrency investments, instant loan offers, honey traps, digital arrests and various financial scams. Mr. Bagchi urged the youth to thoroughly verify the licence of recruitment agencies before engaging with them. He also warned the youth against getting involved in such scams, saying that it might have serious legal consequences, including the issuing of lookout notices. The Police Commissioner also urged the parents to ensure that their children working with such companies return to India promptly. Mr. Bagchi revealed that approximately 150 individuals from the city were currently working with such cybercrime organisations abroad, adding that the police have rescued 87 of them till date. In a bid to create awareness about Cambodia-based job frauds and the dangers of fake job agencies, the police released a poster. These posters will be available at all police stations across the city. 'Nava Samaja Nirmanam' Earlier in the day, Mr. Bagchi launched a programme titled 'Nava Samaja Nirmanam' at Dr. L. Bullayya College. The motto of the programme was to create awareness about drug abuse, road safety and cybercrimes. Mr. Bagchi sensitised a large gathering of students on the current issues and administered them with a pledge to stay away from drugs and cybercrimes.
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Business Standard
5 days ago
- Business
- Business Standard
ICICI Prudential Life Q1FY26 results: Net profit rises 34% to ₹302 crore
ICICI Prudential Life Insurance on Tuesday reported a 34 per cent year-on-year (YoY) increase in net profit to Rs 302 crore in the April–June quarter of FY26 (Q1FY26), aided by growth in premium income and a decline in expenses. The company had reported a net profit of Rs 225.4 crore in Q1FY25. Net premium income grew nearly 8 per cent YoY to Rs 8,503 crore from Rs 7,874.66 crore in the same period last year. However, the Annualised Premium Equivalent (APE) declined 5 per cent YoY to Rs 1,864 crore. APE is the sum of annualised first-year regular premiums plus 10 per cent weighted single premiums. Expenses dropped 4.72 per cent YoY to Rs 1,891.5 crore in the quarter under review, compared to Rs 1,985.3 crore in Q1FY25. The Value of New Business (VNB) slipped 3.18 per cent YoY to Rs 457 crore from Rs 472 crore. The VNB margin contracted to 24.5 per cent in Q1FY26, from 24 per cent in the corresponding period last year. Anup Bagchi, managing director and chief executive officer, ICICI Prudential Life Insurance, said, 'We reported a total premium growth of 8.1 per cent year-on-year (YoY) in Q1FY26 on the back of our extensive distribution and comprehensive product suite. Protection continues to remain at the heart of our business strategy, and we registered a strong growth of 24.1 per cent year-on-year (YoY) in our retail protection business. Furthermore, our total new business sum assured grew by 36.3 per cent year-on-year in the same period.' 'We will continue to work on our strengths — that is, customer centricity, product leadership, extensive distribution network and business excellence — aided by the building blocks of people, digitalisation and analytics to help us achieve our core objective of growing the absolute VNB,' Bagchi added. In Q1FY26, the solvency ratio of ICICI Prudential Life stood at 212 per cent, against 187.9 per cent in the year-ago period. The persistency ratio remained healthy, with the 13th month persistency ratio at 80.8 per cent, compared to 85.7 per cent; while the 61st month ratio stood at 63.4 per cent, as opposed to 65.8 per cent in the quarter under review.
India.com
09-07-2025
- Business
- India.com
Why Mindtree founder Subroto Bagchi, who donated Rs 1000000000, still holds Re 1 Cheque?
In a world where most people are chasing wealth, Subroto Bagchi, co-founder of Mindtree shows life is much more than just money. Recently, Bagchi shared an emotional and thought-provoking post on the social media platform X (formerly Twitter), where he displayed an old cheque from the State Bank of India. The cheque was worth just Rs 1 but to him, it is priceless. Subroto Bagchi's Rs 1 Cheque This Rs 1 cheque wasn't payment for consulting a company or startup. It was his final salary for serving as the Chief Advisor to the Government of Odisha. Bagchi held this post for eight years and accepted only Rs 1 as his annual salary as a symbolic gesture that shows his commitment to public service over financial reward. Bagchi wrote: '' What is the biggest wealth in this one life that I would never ever part with? Well, for every year of the work I did with the government, the deal was, they pay me Rs 1. For the 8 years out there, I got 8 cheques & this one here was my last salary drawn.'' What is the biggest wealth in this one life that I would never ever part with? Well, for every year of the work I did with the government, the deal was, they pay me Rs 1. For the 8 years out there, I got 8 cheques & this one here was my last salary drawn 🙏 — Subroto Bagchi (@skilledinodisha) July 5, 2025 Who Is Subroto Bagchi? Subroto Bagchi is known as the co-founder of Mindtree, an IT and consulting firm. He has received many awards for his leadership, vision, and philanthropy. He has substantial wealth but this Rs 1 cheque holds the deepest meaning for him. He and his wife, Susmita Bagchi, have donated hundreds of crores for causes like cancer care and skill development. While many business leaders ask for high payments for advisory roles, Bagchi made it clear that his motivation was never money. It was a sense of duty towards his home state, Odisha. His service was quiet and selfless.
Time of India
09-07-2025
- Business
- Time of India
Humble gesture: Why Mindtree cofounder Subroto Bagchi treasures a Re 1 SBI cheque; calls it ‘biggest wealth'
File photo: Mindtree cofounder Subroto Bagchi Mindtree co-founder Subroto Bagchi has reminded the nation that the true measure of success lies not in money, but in meaning. In a heartfelt social media post, Bagchi shared a picture of a Re 1 cheque, his final salary after eight years of public service as chief advisor to the Odisha government for Institution and Capacity Building. 'For every year of the work I did with the government, the deal was that they paid me Re 1,' he wrote on X . 'For the 8 years out there, I got 8 cheques and this one here was my last salary drawn.' The symbolic payment, issued by the State Bank of India, wasn't just a token — it was a powerful reminder of service without expectation, a value Bagchi said he holds dear. As per ET, Bagchi accepted the role in 2016 at the invitation of then Odisha chief minister Naveen Patnaik. He also served as chairman of the Odisha Skill Development Authority and later as the state's chief spokesperson on Covid-19 during the pandemic. Bagchi is widely respected for co-founding Mindtree in 1999, leading it as COO and later Executive Chairman until 2016. Following Mindtree's merger with L&T's IT arm, the entity became LTIMindtree. Despite building a billion-dollar tech enterprise and pledging hundreds of crores towards philanthropy with his wife Susmita, Bagchi says it's this Rs 1 cheque that he treasures most. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo The post quickly went viral and sparked an outpouring of admiration. 'This is India's real strength, jewels like You working silently and unconditionally,' one user commented. Another said, 'What a spectacular contribution to Odisha. You could have created Rs 8000 Crores in 8 years in Corporate World. Salute !!' Bagchi began his career in the industries department of Odisha and rose to global recognition. Yet, even with all his achievements, Bagchi's message was clear — 'What is the biggest wealth in this one life that I would never ever part with?' he asked rhetorically in his post, underlining the value of humility and purpose-driven leadership. In an era marked by performative gestures and power-driven ambition, Bagchi's act stands out for its authenticity. His journey, from clerk to tech titan, and back to a humble public servant earning Rs 1 a year, embodies a rare form of leadership grounded in values rather than valuations. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
