Home » bank fraud

You Searched For "bank fraud"

During the course of hearing last week, Special Public Prosecutor DP Singh, representing the ED, had told the court that Puri, who is the nephew of Madhya Pradesh Chief Minister Kamal Nath, is very influential and might flee the country. (Photo: ANI)

Kamal Nath's nephew Ratul Puri arrested in Rs 354 crore bank fraud

The Central Bureau of Investigation (CBI) had also filed a First Information Report (FIR) in the case and raided six...

20 Aug 2019 8:20 AM IST

Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.

India probes Lakshmi Vilas Bank directors for alleged fraud

Religare Finvest has accused Lakshmi Vilas of misappropriating 7.9 billion rupees it kept with the bank as a fixed...

28 Sept 2019 10:41 AM IST

The three firms of diamantaire Nirav Modi were issued LoUs worth Rs 6,498 crore.

Nirav Modi remanded to custody by UK court until October 17

Nirav Modi has been long fighting in the PNB scam, where he swindled away Rs 11,000 crore from Punjab National Bank.

19 Sept 2019 3:52 PM IST

State banks reported 5,743 cases of fraud in the period, most of which had taken place over the last several years.

Mumbai Crime Branch busts racket providing fake COVID-19 travel e-pass

One of the officers posed as a customer to catch the culprits.

5 July 2020 4:18 AM IST

Two men were arrested for allegedly preparing fake Aadhaar and voter ID cards (Representational image)

Two held for fraudulently withdrawing Rs 97,500 from MP Sakshi...

The accused have been identified as Dinesh Rai and Nihal Sinha, both residents of Patna in Bihar

29 Jun 2021 10:31 AM IST

A file photo of ABG Shipyard. (Photo:AFP)

CBI books ABG shipyard for biggest bank loan fraud

The company allegedly cheated a consortium of banks led by State Bank of India of over Rs 22,842 crore

13 Feb 2022 12:58 AM IST

The Enforcement Directorate (ED) is set to register three separate cases to probe the alleged irregularities in certain contracts awarded by the Delhi governments Public Works Department (PWD).

ED files complaint against DPIL Ltd for Rs 2,600 crore bank fraud

Charges made under section 4 of Prevention of Money Laundering Act, for confiscation of linked assets, and punishment...

28 Dec 2018 4:13 PM IST

Dr Yusuf Matcheswala suggested that policemen of lower cadres may not feel very comfortable discussing their problems with psychiatrists or counselors, which is where the concept of peer counselor comes into play. (Representational image)

Thane: Police hunt for man who took bank loans with fake documents

The accused used to change his name, prepare fake documents to approach banks for availing loans for various purposes.

28 May 2018 7:57 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

CBI files case against Kanishk Gold for cheating SBI, 13 banks of Rs...

The case has been registered by the CBI on a complaint from the SBI on behalf of the 14-bank consortium, officials said.

21 March 2018 9:17 PM IST

The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

Bank fraud duo to be probed by ED

The ED want to probe whether any property in these addresses exist or not.

17 March 2018 2:11 AM IST

The enforcement directorate has registered a case of money laundering in connection with an alleged Rs 621 crore loan fraud involving UCO Bank.

ED files PMLA case in Rs 621 crore UCO Bank loan fraud

The agency has filed a criminal complaint under the Prevention of Money Laundering Act.

7 May 2018 2:03 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB expects Rs 8,000 crore recovery from NPAs this month

The bank, with its focus on recovery of dues from defaulters, has managed to surpass the total amount recovered in the...

10 Jun 2018 7:41 PM IST