Tag: Bank fraud
17 Results
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CBI arrests 9 in bank fraud case involving Chennai Port Trust
In the complaint, it was also alleged that a loss to the tune of Rs 45.4 crore was caused to Indian Bank by way of foreclosing or pre-closing of several term deposits (fixed deposits) created in the name of the Chennai Port Trust (CPT) and also transferring or withdrawing the said amount through various accounts etc.
August 10, 2021 -
ED arrests VMCSL MD Hima Bindu for Rs.1700 crore PNB fraud case
The ED case of money laundering is based on the FIR registered by CBI against the Hyderabad-based company and its directors over an alleged bank fraud case to the tune of Rs 1,700 crore, on the complaint of the Punjab National Bank (PNB) in 2018.
August 5, 2021 -
CBI raids Crompton Greaves, Gautam Thapar in 2435 Cr. bank fraud
CBI registered a case against Crompton Greaves Power and Industrial Solution Ltd for causing loss to the SBI led consortium banks worth Rs 2,435 crore
June 24, 2021 -
Covid and fraud
The report highlighted several areas of possible fraud that individuals and businesses need to be careful about ~ sales and distribution, covering artificial inflation of prices and sale of damaged, expired or counterfeit products; fake online sales; kickbacks to ensure procurement of products hit by lockdowns or import restrictions; cyber frauds due to increased remote working, and reduced focus on compliance that triggers contravention of laws.
August 6, 2020 -
PNB shares tank nearly 6% after lender reports yet another loan fraud
After tumbling to 6.73 per cent to Rs 34.60 on the BSE, lender’s shares were trading at Rs 35.05, down by 5.53 per cent at 1.45 pm.
July 10, 2020 -
‘Bank frauds have sharply come down on an annual basis’: Anurag Thakur
Thakur told that the declining trend in bank frauds is observed in respect of Public Sector Banks (PSBs) as well with the amount involved by year of occurrence of fraud reducing sharply.
February 4, 2020 -
CBI books Mumbai jeweller for duping banks of Rs 568 cr
Following a complaint lodged by a bank, the CBI has booked the three directors: Paresh Chhabildas Shah, Sahil Paresh Shah and Viraj Chetan Shah under various sections of the IPC and PCA.
December 12, 2019 -
Vijay Mallya extradition: The case so far
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, 2018 -
Vijay Mallya extradition case edges towards ruling
On 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, 2018 -
Many ATMS still unmanned; Kolkatans unnerved
Several 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, 2018 -
Cop scanner on websites selling skimmer devices
This 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, 2018 -
Kolkata bank fraud: 37 customers allege fraudulent withdrawals
The 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, 2018 -
Nirav Modi faces fresh FIR for using multiple Indian passports
Modi 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, 2018 -
Bank fraud: ED attaches assets worth Rs 1,122 crore of Vadodara-based DPIL
DPIL manufactures electric cables and equipment and is promoted by SN Bhatnagar and his sons Amit, Sumit
April 24, 2018 -
Gujarat firm’s promoters held in Rs 2654 crore bank fraud
The 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, 2018 -
CBI books Chennai jeweller in Rs 824 cr bank fraud
The 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, 2018 -
Bank fraud: U’khand govt acts tough
After 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, 2018