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  PNB fraud: ICAI sends notices to statutory auditors of Brady House branch, directs them to appear

  Business | April 15, 2018 16:34 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 | April 14, 2018 20:54 IST

  It 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 | April 05, 2018 19:54 IST

  The 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 | March 29, 2018 23:14 IST

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  IDBI Bank discloses Rs 772 crore fraudulent loans, says report; shares plunge 3.5%

  Business | March 28, 2018 14:30 IST

  The 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 | March 23, 2018 20:57 IST

  The 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 | March 21, 2018 23:41 IST

  The 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 | March 21, 2018 20:43 IST

  It 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 | March 06, 2018 22:35 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 | March 05, 2018 18:30 IST

  The 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 | March 05, 2018 18:18 IST

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  PNB fraud: NCLT bars 64 firms from selling assets

  Business | March 04, 2018 23:45 IST

  The 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 | March 04, 2018 17:18 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 | March 02, 2018 21:11 IST

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  CBI registers case of bank fraud worth Rs 515.15 crore against RP Infosystem and its directors

  India | February 28, 2018 14:22 IST

  As 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

  Politics | February 26, 2018 23:27 IST

  Simbhaoli 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 | February 25, 2018 23:52 IST

  According 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 | February 24, 2018 23:54 IST

  Speaking 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 | February 24, 2018 12:50 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 | February 23, 2018 12:43 IST

  The 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.