Vijay Mallya fled to London in March 2016. Almost a year later, India sent a request to the UK to extradite the "fugitive" liquor baron who owed nearly Rs 9,000 crore (including interest) to 17 Indian banks
December 10, 2018On bail since April 2017, the former Kingfisher Airlines boss has contested his extradition on the grounds that the case against him is "politically motivated" and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat
December 9, 2018Several ATMs located in the city continue to remain unmanned despite the recent bank fraud that saw at least Rs 20 lakh worth of people’s savings being siphoned off using data obtained through illegal skimmer devices installed at such ATMS. The ATMs of banks such as UBI in Dalhousie and UCO Bank in Bowbazar continue …
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August 10, 2018This comes in the wake of the city police contending that they have enough clues to believe that the fraudsters had inserted skimming devices in ATM machines to clone debit cards and facilitate the fraudulent withdrawal of money.
August 3, 2018The official said the total amount involved in the fraud was more than Rs 9 lakh at a branch here but promised that the bank will refund the lost amounts of the affected customers within a week.
August 1, 2018Modi has been traced to Belgium and it has been learnt that of the six passports he held, two were active for quite some time
June 17, 2018DPIL manufactures electric cables and equipment and is promoted by SN Bhatnagar and his sons Amit, Sumit
April 24, 2018The Central Bureau of Investigation (CBI) Wednesday arrested the promotor-founder, managing director and joint managing director of a Vadodara-based firm for allegedly defrauding a consortium of 11 banks, public as well as private, of Rs 2654.40 crore. The CBI identified the accused promoters and directors of this firm, Diamond Power Infrastructure Limited, as Suresh Narain …
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April 19, 2018The CBI on Wednesday registered a case against Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL) for defrauding a consortium of 14 banks led by the State Bank of India (SBI) to the tune of Rs 824.15 crore in the form of loans now been declared a non-performing asset (NPA). The agency also conducted searches at …
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March 21, 2018After receiving a series of complaints against bogus banking companies for cheating consumers and disappearing with their hard earned money, the Uttarakhand government has decided to form a dedicated wing to handle such cases. Uttarakhand Chief Secretary Utpal Kumar Singh said that Economic Offences Wing would be formed and it will work under Special Task …
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March 8, 2018Stressing that banks and auditors need to be more alert in detecting frauds, Union Finance Minister Arun Jaitley on Saturday said bank scams “push ease of doing business to background” while scarring the economy. Speaking at the Global Business Summit in the national capital, Jaitley said politicians alone should not be held accountable for scams …
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February 24, 2018With the second largest Indian bank Punjab National Bank (PNB) hit by massive $1.8 billion fraud and other banks hit by frauds as well, Chief Economic Adviser to Indian government Arvind Subramanian on Saturday advocated more private participation in public sector banks. Inaugurating the Annual Convention of the Madras Management Association (MMA) under the theme …
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February 17, 2018Liquor baron Vijay Mallya on Friday informed a Delhi court that he wants to come to India but is unable to travel back as his passport has been suspended by Indian authorities. Mallya made the submission through his counsel before Chief Metropolitan Magistrate Sumit Dass in a case lodged for allegedly evading summons in connection …
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September 9, 2016