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Offer of money from Abroad – Offence under FEMA Act
The Reserve Bank of India on Tuesday cautioned individuals against responding to offers of money from abroad. “Such offers are fake and has advised the public to immediately register a complaint with the local police or cyber crime authorities when they receive such offers or become a victim of any such fraud,' said the central bank in an advisory. The central bank further said that people should not make any payments towards schemes from unknown entities as "such remittances are illegal and any resident in India collecting and effecting/remitting such payments directly/indirectly outside India is liable to be proceeded against for contravention of the Foreign Exchange Management Act, 1999."

These fraudsters send attractive offers to gullible public through letters, e-mails, mobile phones and SMS. To lend credence to such offers, the communication is often sent on/ from letterheads or websites that appear to be like that of some public authorities like the RBI. The offers are apparently signed by top executives of such authorities. However, only the names of the officials may be correct but their signatures are faked.

For any further clarification in the matter, the Reserve Bank has advised the public to contact the officials of the Foreign Exchange Department at its various Regional Offices or at its Central Office, Foreign Exchange Department.
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