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Scammers posed as school or charity staff members and told renovation and maintenance firms they represented schools that needed work done.
Filmmaker Rajkumar Santoshi has been sentenced to two years in jail and fined Rs 2 crore by a local court in Gujarat's Jamnagar over bounced cheques.
Police say scammers tricked sellers of luxury items into believing funds had been transferred into accounts through non-cashable cheques that later bounced.
Many aspects are generally taken into account when measuring the credit score
Amendments will help maintain cash flow for small and medium businesses, say experts