Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, is set to be produced before a UK court for his trial on Monday, to take place in a part-remote setting due to the coronavirus lockdown.
Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, has been remanded in custody by a UK court until April 15.
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 Central Bureau of Investigation has taken over probe against Hilal Rather, the son of National Conference leader and former Jammu and Kashmir finance minister Abdul Rahim Rather, in a Rs 177-crore bank fraud case, officials said on Thursday.
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.
Refunds of over Rs 28,000 crore are said to have been filed by over 27,000 taxpayers so far on account of inverted duty structure in the current financial year.
In the bank advances category, there were 3,606 number of fraud cases involving Rs 64,548 crore reported in 2018-19.
Making its first arrest in the sensational serial ATM fraud cases involving bank accounts of Kolkata customers, the Kolkata police on Monday apprehended a Romanian national from Delhi's Greater Kailash area, an officer said on Monday. Siliviu Florin Spiridon (28) was arrested when he came to an ATM in Greater Kailash for withdrawing money, Kolkata police Joint Commissioner (Crime) Murlidhar Sharma said.
The 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.
A special court here on Wednesday sentenced two former managers of Bank of Maharashtra to one-year imprisonment in a 26-year-old loan fraud case. Special CBI judge A S Sayyad convicted Dhairyasheel Jagtap and Mohan Shripad Phadnis, both in their seventies, under the Prevention of Corruption Act.
The woman, a mother of a girl and resident of Lake Town area, was left stranded on the street as the man decamped with jewellery worth around Rs 5 lakh, after cooking up a story.
It was alleged that a group of financiers provided finance to key operators towards making multiple applications in the IPOs and cornered a large number of shares reserved for retail individual investors (RIIs) and following the receipt of IPO allotment, the shares were transferred by the allottees to the key operators through an off-market transaction
The 48-year-old diamond merchant, who is fighting extradition to India on charges of nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was produced before Chief Magistrate Emma Arbuthnot at Westminster Magistrates’ Court here for his fourth attempt at bail.
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.
Nirav Modi moved the bail plea in a London court against his continued detention and has asked for house arrest.
Nirav Modi moves new bail application, hearing on Nov 6
Challenging the tribunal's order, SEBI told the apex court that these auditors had ignored vital materials like the internal audit report which flagged material discrepancies in reconciliation of the invoices.
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