The Central Bureau of Investigation (CBI) on Saturday brought an accused in a bank fraud case from Muscat, Oman. The accused, identified as Sunny Kalra has been brought along with his wife.
The CBI on Tuesday carried out searches at eight locations in Delhi, Gurugram and Dehradun after registering a case against Educomp Solutions Ltd (ESL), its subsidiary and directors for allegedly defrauding an SBI-led consortium of 13 banks to the tune of Rs 1,955 crore, officials said.
The Enforcement Directorate (ED) on Wednesday said that it has arrested G.S.C. Raju, promoter of Leo Meridian Infrastructure Projects and Hotels Limited (LMIPHL) and his close associate A.V. Prasad in connection with its probe into money laundering case worth Rs 1,768 crore.
Nine wind turbine generators and land, belonging to a Gujarat-based company, worth over Rs 18 crore have been attached by the ED in connection with its probe in an alleged bank fraud case, the agency said on Wednesday.
In the bank advances category, there were 3,606 number of fraud cases involving Rs 64,548 crore reported in 2018-19.
The CBI carried out searches at 13 places in Mumbai and Lonavala on Thursday after registering a case in a bank loan fraud worth Rs 568.52 crore by P&S Jewellery Limited.
UPI Fraud Alert! As the number of transactions on the Unified Payments Interface (UPI) platform is expanding, the number of fraud cases is also growing. UPI has eased making fund transfers for customers even without using a debit card or credit cards. Keeping in mind the increasing number of UPI payment fraud, HDFC has issued alert that fraudsters are stealing money from users’ bank accounts via UPI.
The official said the agency has registered around 35 cases related to bank frauds involving Rs 7,000 crore. The official, however, did not reveal the names of the banks or the accused involved in the case.
The Anti Corruption Bureau (ACB) of Jammu and Kashmir on Saturday registered an FIR in the J&K Bank loan fraud case of Rs 1,100 crore advanced to Rice Exports India (REI) Agro Ltd. Searches have been conducted at many locations in Delhi, Jammu and Srinagar.
The Enforcement Directorate (ED) has attached immovable properties worth Rs 4,025.23 crore of Bhushan Power and Steel Limited (BPSL) in a money laundering case against the firm for siphoning off funds obtained as loans from various banks and financial institutions, the agency said on Saturday.
A Delhi court Thursday extended the judicial custody of Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, till October 17 in a money laundering case related to a bank loan fraud.
PMC Bank Crisis: Week after RBI's restriction on Punjab and Maharashtra Co-Operative (PMC) Bank from doing "any kind of business' and put a limit on cash withdrawals by depositors, a shocking detail has emerged.
SBI users alert! India's largest public sector bank, the State Bank of India (SBI) has issued an advisory and warned its account holders about threats from fraudsters who devise new tricks to dupe thousands of customers daily. This menace is not just limited to SBI. Here's what you must know to keep your hard-earned money safe:
Sunil Surendrakumar Kakkad, the chief managing director of Sai Infosystem (I) Ltd, was arrested under the Prevention of Money Laundering Act (PMLA) after he was intercepted by the international police agency Interpol in Liberia, it said.
Earlier, in August a video of cloning mechanism installed in Delhi's Canara Bank ATM had widely gone viral on social media. After which several banks including, SBI, HDFC, ICICI and many others had warned its customer of the fraudster.
Debit /Credit card users alert: Are you a credit or debit card user? Then this news is for you. Almost all banks are now issuing WiFi cards or contactless card for its customers. This type of card does not require to be swiped or dipped in a POS machine or PIN for making payments.
Several people have reported of ATM frauds in the past and about the card skimming technique to clone debit/credit cards to withdraw money from remote locations was used. Recently, a group of citizens in Delhi's Arjun Nagar area discovered an ATM kiosk of Canara Bank rigged with card skimming chip and hidden camera.
Ratul Puri, businessman and MP CM Kamal Nath's nephew, was arrested by the Enforcement Directorate in a bank fraud case on Tuesday.
India's one of the largest public sector bank has issued a fraud alert for its customer. If you don't follow the advisory you may end up losing your hard-earned money to fraudsters. If you are SBI account holder then you should not ignore this news. Amid growing online fraud, SBI has recently released a warning for its customers and has asked them to stay careful with their bank account details. SBI issued an alert as there have been constant attempts made by fraudsters to steal account holders' money.