Rs 60 crore fraud – the basics you should understand

When you hear "Rs 60 crore fraud" you probably picture a huge number and think it only affects big companies. The truth is, scams of this size can spill over to ordinary job seekers, small businesses, and anyone who handles money online. In this article we break down what the fraud was, why it mattered, and what you can do to stay safe.

What the Rs 60 crore fraud was about

The case involved a group that pretended to be a legitimate recruitment firm. They posted fake job ads, collected application fees, and disappeared with the money. The total amount lost by thousands of candidates added up to around Rs 60 crore. Victims were mostly recent graduates and job‑hunters looking for a quick entry into the market.

Because the scammers used real‑looking company names and professional‑sounding emails, many applicants didn’t suspect anything. They paid for resume polishing, background checks, and even promised interview coaching. By the time the fraud was uncovered, the operators had already moved the money offshore.

Red flags that can save you from similar scams

1. Up‑front fees. Legitimate employers rarely ask you to pay for a job. If a posting asks for money before an interview, walk away.

2. Unverified contact details. Check the company’s official website, LinkedIn page, and phone number. A quick search can reveal if the address matches the alleged office.

3. Too‑good‑to‑be‑true salaries. If the salary is far above market rates for the role, it’s a warning sign.

4. Pressure to act fast. Scammers push you to pay immediately. Real recruiters give you time to think.

5. Generic emails. Look for spelling errors, vague language, or email addresses that don’t match the company domain.

How the fraud affected job seekers and the job market

Beyond the money loss, the scandal shook confidence in online job portals. Many candidates became skeptical of posting resumes, which slowed down hiring for companies that rely on fresh talent. Recruitment agencies also faced stricter verification rules, adding extra steps for both employers and applicants.

For those who fell victim, the impact went beyond finances. Some lost valuable time chasing a fake opportunity, delaying their real job search. Others felt embarrassed, which hurt their confidence during interviews.

Steps to protect yourself and your career

Start by using trusted job platforms that verify employers, such as LinkedIn, Indeed, and the official portals of reputable companies. Keep your personal documents safe; never share your PAN, bank details, or Aadhar unless you have a verified contract.

If you’re asked for money, ask for a written agreement and verify the bank account with the company’s HR department. Report suspicious listings to the portal and to local cyber‑crime officials.

Finally, stay informed. Follow news about recent scams and join online communities where job seekers share their experiences. Knowing what happened with the Rs 60 crore fraud can help you spot similar tactics before they harm you.

Scams will keep evolving, but a cautious approach and a habit of double‑checking can keep your career and wallet safe.