Bank Fraud
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PNB fraud: ICAI sends notices to statutory auditors of Brady House branch, directs them to appear
Business | Apr 15, 2018, 04:34 PM IST"ICAI has issued notices to statutory auditors of the Brady House branch under the Chartered Account Act, 1949, to appear before Board of Discipline and offer an explanation," ICAI member S B Zaware said.
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CBI books former UCO Bank CMD Arun Kaul for alleged fraud of Rs 621 crore
India | Apr 14, 2018, 08:54 PM ISTIt is alleged that the accused persons in pursuance of a criminal conspiracy defrauded the UCO Bank to the tune of about Rs 621 crore by diversion and siphoning of the bank loans.
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CBI books Vadodara-based Diamond Power Infrastructure for Rs 2654-crore banking fraud
Business | Apr 05, 2018, 07:54 PM ISTThe CBI alleged that DPIL extensively utilised cash credit limits for obtaining a large number of letters of credits, and many of them could not be honoured by the company and were thus "forced charged" on the credit limit.
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Vijay Mallya all set to marry girlfriend Pinky Lalwani
News | Mar 29, 2018, 11:14 PM IST -
IDBI Bank discloses Rs 772 crore fraudulent loans, says report; shares plunge 3.5%
Business | Mar 28, 2018, 02:30 PM ISTThe bank revealed that some of these loans were issued during fiscal years 2009-2013 for fish farming businesses and they were obtained against fake lease documents of non-existent fish ponds and by inflating the value of collateral.
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CBI lodges case against 31 persons, including General Manager of IDBI in another bank fraud case
Business | Mar 23, 2018, 08:57 PM ISTThe bank had complained to the CBI on December 14 last year disclosing that it had sacked Rao.
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CBI registers FIR in Rs 824 cr loan fraud by Chennai-based Kanishk Gold; carries out searches
India | Mar 21, 2018, 11:41 PM ISTThe case has been registered by the Central Bureau of Investigation (CBI) on a complaint from the SBI on behalf of the 14-bank consortium, they said.
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Another bank fraud? Chennai-based Kanishk Gold defrauds banks to tune of Rs 824 cr
Business | Mar 21, 2018, 08:43 PM ISTIt is apprehended that the Directors of the KGPL, Bhoopesh Kumar Jain, and his wife Neeta Jain may have fled the country.
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CBI grills Simbhaoli Sugars' CMD in Rs 109-cr bank fraud case
Business | Mar 06, 2018, 10:35 PM IST"We have grilled CMD Simran Kaur Mann of the Simbhaoli Sugars Ltd today (Tuesday)," a Central Bureau of Investigation (CBI) official said here.
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CBI questions PNB general manager in Nirav Modi fraud case
India | Mar 05, 2018, 06:30 PM ISTThe questioning came a day after the CBI arrested four people -- two employees and an auditor of Nirav Modi's group of companies, and a director of Gitanjali Group of Companies.
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Under the economist PM Manmohan Singh the entire banking system went haywire: RS Prasad
Politics | Mar 05, 2018, 06:18 PM IST -
PNB fraud: NCLT bars 64 firms from selling assets
Business | Mar 04, 2018, 11:45 PM ISTThe ex-parte NCLT order was passed on a petition filed under various sections of the Companies Act 2013 by the Union Corporate Affairs Ministry last week before the Mumbai bench of the NCLT, the ministry said.
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PNB scam: Trade finance hit, as caution prevails, premium soars
Business | Mar 04, 2018, 05:18 PM IST"PNB fraud has already affected trade financing. No bank is now prepared to extend letters of understanding. The ability of a company to raise money through LoUs from abroad has been affected badly," a senior official from a state-run bank said.
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Blue corner notice issued against PNB scam accused Nirav Modi and Mehul Choksi
News | Mar 02, 2018, 09:11 PM IST -
CBI registers case of bank fraud worth Rs 515.15 crore against RP Infosystem and its directors
India | Feb 28, 2018, 02:22 PM ISTAs per report, an FIR has been registered against company's directors Shivaji Panja, Kaustuv Ray, Vinay Bafna, vice-president (Finance) Debnath Pal, and unknown bank officials.
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Amit Shah attacks Congress after CBI books Punjab CM's son-in-law in Simbhaoli Sugars bank fraud case
National | Feb 26, 2018, 11:27 PM ISTSimbhaoli Sugars Limited is one of the largest sugar mills in the country. Gurpal Singh is the son-in-law of the Punjab chief minister.
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CBI registers Rs 109-crore loan default case against CMD of Simbhaoli Sugars
Business | Feb 25, 2018, 11:52 PM ISTAccording to CBI officials, the Hapur-based Simbhaoli Sugars Ltd in 2011 fraudulently diverted funds received as loans for sugarcane farmers and self help groups.
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PNB fraud case: Employees conniving with fraudsters worrisome, regulators should keep 'third eye' open: Jaitley
India | Feb 24, 2018, 11:54 PM ISTSpeaking on the scam for the second time this week, he said employees conniving with fraudsters is worrisome. Also worrisome is that no red flag was raised. Regulators should have a "third eye" open to detect and check such frauds.
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PNB scam: Haven't done anything wrong, truth shall prevail, says Mehul Choksi
Business | Feb 24, 2018, 12:50 PM IST"I will face my destiny and I know I have done nothing wrong and ultimately the truth shall prevail," Choksi said in a letter to his employees, released by his lawyer Sanjay Abbot.
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PNB fraud: ED freezes Nirav Modi's bank deposits, shares worth Rs 44 crore along with imported watches
India | Feb 23, 2018, 12:43 PM ISTThe central probe agency today also froze shares of Rs 13.86 crore value from a company belonging to Nirav Modi, alongwith 176 steel almirahs and 60 plastic containers containing imported watches.