Bank Fraud Case
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ABG Shipyard duped SBI and other banks of Rs 22,842 crore: Know all about India's biggest bank fraud
India | Feb 12, 2022, 06:24 PM ISTThis is the biggest bank fraud case registered by CBI. Funds were used for purposes other than for which they were released by banks.
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CBI lodges 4 separate cases in connection with Rs 940 cr bank fraud
India | Jan 06, 2022, 05:51 PM ISTOne of the cases was registered on a complaint from the Bank of India against an Ahmedabad-based private firm, its Directors, and unknown public servants for causing a loss of Rs 631.97 crore to the bank.
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CBI arrests ex-Assam CM Hiteswar Saikia's son Ashok in alleged loan scam
India | Nov 07, 2021, 09:27 PM ISTThe case pertains to a loan taken from Assam Cooperative and Agriculture Development Bank.
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Bank fraud case: HDFC duped of Rs 1.4 cr by opening priority accounts, 3 arrested
India | Aug 08, 2021, 07:28 AM ISTThe gang of cheats had allegedly duped the Bank by opening priority accounts in several banks to avail of premier banking services using fake documents.
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ED arrests Shakti Bhog CMD Kewal Krishan Kumar in bank fraud case
India | Jul 05, 2021, 01:02 PM ISTThe ED said the "allegations against the accused include diversion of funds from loan accounts by round-tripping through related entities and siphoning of funds was being done by way of suspicious sale/purchase from various entities."
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Dominica court stops removal of Choksi from country: Report
India | May 28, 2021, 11:09 AM ISTA court in Dominica has "restrained" authorities from removing fugitive businessman Mehul Choksi from the Caribbean island country till further orders, local media reported.
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PNB scam: Fugitive businessman Mehul Choksi goes missing in Antigua, manhunt launched
India | May 25, 2021, 09:15 AM ISTFugitive diamantaire Mehul Choksi is understood to have gone missing in Antigua and Barbuda with the police launching a manhunt to trace him since Sunday, local media outlets reported.
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Delhi: 2 arrested for bank fraud in Karol Bagh
Crime | Jan 18, 2021, 05:38 PM ISTThe police said that on January 16, a complaint was received from a bank in Karol Bagh stating that a person named Anurag deposited three different cheques for clearing.
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CBI books dairy maker Kwality Ltd in Rs 1400 crore bank loan fraud case
India | Sep 21, 2020, 10:11 PM ISTThe Central Bureau of Investigation (CBI) has registered a case against Kwality Limited, Kwality Limited, one of the country's most popular dairy product makers, and its directors for defrauding Bank of India and other banks of over Rs 1400 crore.
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Total bank frauds rise more than double to ₹1.85 trillion in FY20: RBI
Business | Aug 26, 2020, 10:34 PM ISTThe annual report of Reserve Bank of India showed that the banks frauds of ₹100,000 and above have more than doubled in value to ₹1.85 trillion in FY20, with the number of such cases increasing 28% in the same period.
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CBI brings PNB fraud case accused from Muscat
India | Mar 07, 2020, 02:05 PM ISTThe 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.
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CBI books Educomp, directors for bank fraud; searches 8 places
India | Feb 12, 2020, 12:02 AM ISTThe 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.
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Leo Meridian Infrastructure promoter, his associate arrested in Rs 1,768 crore bank fraud case
India | Jan 15, 2020, 02:03 PM ISTThe 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.
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Total frauds at banks rise 74 pc to Rs 71,543 crore in 2018-19: RBI
Business | Dec 24, 2019, 11:12 PM ISTIn the bank advances category, there were 3,606 number of fraud cases involving Rs 64,548 crore reported in 2018-19.
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Another depositor of fraud-hit PMC Bank dies
India | Dec 06, 2019, 06:29 PM ISTThe relative said Jiandani had an account in Punjab & Maharashtra Cooperative Bank (PMC Bank), which was put under restrictions by the RBI in September after an alleged Rs 4,355 crore scam came to light.
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UPI payment fraud: HDFC Bank alerts customers of banking fraud; shares do's and don'ts
Business | Nov 06, 2019, 09:43 AM ISTUPI 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.
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ACB files FIR in J&K Bank loan fraud case
India | Oct 19, 2019, 11:57 PM ISTThe 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.
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Bank fraud case: ED attaches Rs 4,025 cr assets of BPSL
Business | Oct 13, 2019, 12:04 AM ISTThe 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.
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PMC Bank used more than 21,000 fake accounts to hide loans: Report
Business | Oct 02, 2019, 02:33 PM ISTPMC 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.
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SBI warns account holders against fraudsters, says 'don't do this'
Business | Sep 25, 2019, 04:07 PM ISTSBI 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: