Tension escalates in Middle East amidst Israel’s deadly attack on Iran’s nuclear and missile sites

Dubai, June 27: HDFC Bank, India’s largest private lender, is under scrutiny in the UAE over allegations it sold high-risk Credit Suisse AT1 bonds to retail investors in violation of regulatory norms.

The bonds — complex instruments meant only for experienced or high-net-worth clients — were wiped out in March 2023 during Credit Suisse’s emergency merger with UBS. Several investors claim HDFC Bank relationship managers misrepresented these as safe, forged financial documents to meet eligibility criteria, and failed to disclose crucial risks.

Dubai resident Varun Mahajan says he lost $300,000 in savings and alleges the bank inflated his net worth to bypass DFSA rules. Another investor, NS from the Philippines, claimed he was sold AT1 bonds using a leverage loan he never applied for. Others, including Indian national Pankaj Sinha and South Africa-based AT, described similar misrepresentation, unauthorized document changes, and manipulation of KYC data.

Legal complaints have been filed in India, the UAE, Bahrain, and DIFC. Investors accuse the bank of misleading them and exposing them to losses running into millions of dollars.

In response, HDFC Bank denied any wrongdoing, stating it follows strict processes and takes action against malpractice. The DFSA has declined to comment due to legal confidentiality.

Internal sources say several HDFC executives have recently resigned, and the Dubai offshore head has been replaced, raising questions about accountability.

Experts say the case exposes regulatory gaps across jurisdictions and may prompt closer scrutiny of how banks operate across borders.

Tel Aviv, June 27: Israel's war minister (known as "defence" minister), Israel Katz, said on Thursday that Iran’s Supreme Leader Ayatollah Ali Khamenei was marked for assassination during the recent 12-day conflict, but evaded elimination by going underground. 

“If Khamenei had been in our sights, we would have taken him out,” Katz told Kan public television, adding that the Iranian leader “went very deep underground and broke off contacts with commanders,” making a strike “not realistic”, according media reports.

Speaking in a round of televised interviews, Katz reiterated that Israel actively searched for Khamenei throughout the war. “We searched a lot,” he told Channel 13, explaining that Israel’s goal was not regime change but to destabilise Iran’s leadership and apply pressure mid-conflict.

The war, which began on June 13 and concluded with a US-brokered ceasefire on June 25, saw Israel launch airstrikes that killed several top Iranian commanders and nuclear scientists. Katz said Israel maintained aerial superiority and enforced what he described as a policy of “enforcement actions against Iran,” designed to prevent the country from rebuilding its nuclear and missile capabilities, as per the Times of Israel.

Asked if Israel had sought US approval to target Khamenei, Katz told Channel 13, “We don’t need permission for these things.” 

He also compared Khamenei to Hezbollah leader Hassan Nasrallah, who was killed last year, advising the Iranian leader to remain in hiding, “I wouldn’t recommend that he stay tranquil,” Katz told Kan.

“He should learn from the late Nasrallah… I recommend that he do the same thing. ”US President Donald Trump had also threatened Khamenei’s life during the conflict. On June 17, Trump wrote on social media: “We know exactly where the so-called ‘Supreme Leader’ is hiding… We are not going to take him out (kill!), at least not for now.” 

However, days later, Trump walked back the statement, saying regime change was not advisable. Despite his earlier stance, Trump ordered the launch of Operation Midnight Hammer, a series of precision strikes on three Iranian nuclear facilities. According to White House press secretary Karoline Leavitt, the strikes were a “total obliteration” and successfully degraded Iran’s nuclear infrastructure. 

“It was a total success… Not only does our own intelligence say that, but even the Iranian foreign minister and the United Nations agreed,” she said at a briefing Leavitt also confirmed that the Trump administration remains focused on diplomacy and peace, with US and Iranian officials set to hold talks next week. She said the US is in close communication with intermediaries like Qatar to explore pathways for Iran to adopt a “non-enrichment civil nuclear program.”

The ceasefire has shifted priorities. Katz said Israel will no longer pursue Khamenei's life post-ceasefire but warned that any future provocations would be met with force. “There’s a difference, before the ceasefire, after the ceasefire,” he said. He also acknowledged that while Israel destroyed Iran’s enrichment capabilities, it does not know the location of all enriched uranium. However, Katz claimed that the strikes have delayed Iran’s nuclear ambitions “by long years” and vowed that “we won’t let that happen.”

Mangaluru, July 6: In a chilling reminder of how fear and impersonation can override rationality, a Mangaluru woman was allegedly defrauded of a staggering ₹3.16 crore by cybercriminals posing as senior law enforcement officials and a public prosecutor.

This incident underscores the urgent need for public awareness about increasingly sophisticated impersonation scams, where fraudsters exploit legal jargon and fear tactics to drain victims financially.

According to a complaint filed at the CEN Crime Police Station, the ordeal began on June 5 when the woman received a call from an individual claiming to be Inspector Anu Sharma from the National Cyber Response Portal (NCRP). The caller informed her that a SIM card was allegedly purchased in her husband’s name and was being used for sending fraudulent messages and suspicious links.

The call was transferred multiple times — first to a so-called sub-inspector Mohan Kumar from ‘Sahar Police Station’ in Mumbai, who gathered personal details, and then to someone identifying himself as Public Prosecutor Deepak Venkata Ramana. The supposed prosecutor convinced the woman that her and her husband’s bank accounts were under scrutiny and needed to be “verified” through urgent fund transfers.

The complainant was threatened to maintain complete secrecy and promised that all transferred amounts would be refunded once the verification process was complete. Gripped by fear and manipulated through psychological pressure, she allegedly made a series of RTGS transfers between June 10 and June 27, totaling ₹3,16,52,142, into multiple bank accounts provided by the fraudsters.

Once the funds were drained, the fraudsters cut all communication and blocked the victim’s number. Only after she confided in her children did she realise that she had been conned.

Police have registered a case and an investigation is underway.

Why this matters:

This case highlights a disturbing trend in digital fraud, where scammers combine technology with fearmongering and impersonation to bypass even the most cautious minds. Authorities urge the public to be extremely wary of unsolicited calls claiming to be from police, banks, or legal institutions — especially when money is demanded under the guise of investigation or legal procedure.