Page 2 - Bank Fraud

ABG Shipyard, its directors booked by CBI in Rs 22,842-cr bank fraud case

The company was sanctioned credit facilities from 28 banks and financial institutions led by ICICI Bank with the SBI having exposure of Rs 2,468.51 cr

No effort to delay ABG Shipyard investigation by lenders, says SBI

On Friday, CBI booked the firm, its former CMD and others for allegedly cheating a consortium of banks for over Rs 22,842 crore, touted as the biggest fraud in Indian banking history

Bank fraud complaints rose to 145,309 in FY21 against 135,448 in FY20: FM

'The RBI informed that there is an increase of 12.01 per cent and 52.99 per cent with regard to complaints in Mobile/Electronic Banking and Credit Card, respectively,' Nirmala Sitharaman said

Bank loan fraud: ED attaches Rs 26-cr assets of Gujarat company, promoters

The attached assets include residential and commercial lands, and their total value is Rs 26.25 crore

'PSBs recovered Rs 4.18 trn related to frauds, defaults in last 3 fiscals'

The amount related to frauds of Rs 1 lakh and above has declined over the period

CBI arrests two officials of Ratnakar Bank in bribery case

The arrested officials were identified as Nimesh Manger and Saurabh Bhasin

Huawei CFO, US reach agreement to resolve bank fraud charges: Report

Meng is expected to appear virtually in a hearing scheduled for later on Friday in Brooklyn federal court.

Syndicate Bank fraud case: Enforcement Directorate attaches Rs 5-cr assets

The central probe agency said its investigation in the case was initiated on the basis of an FIR filed by the Bengaluru Police

CBI books Fedderes Electric and its promoters in bank fraud case

The CBI has registered an FIR against Fedderes Electric and Engineering Limited and its promoters for allegedly cheating an SBI-led consortium of banks to the tune of Rs 1,028.94 crore, officials said Friday. The central probe agency conducted a search operation on Friday at seven locations in Delhi, Noida, Gurgaon and Bulandshahr. "It has been alleged in the complaint that the accused including private company & its Directors had cheated the banks by way of diversion of funds and sham transactions with related parties," a CBI spokesperson said. The agency has alleged that the company produced fabricated account books, misrepresented figures to borrow funds and siphoned off various loan proceeds. The allegations were based on forensic audit report, the spokesperson said. Along with the company, the CBI has also booked its promoters Akhtar Aziz Siddiqi, Sham Sundar Dhawan, Bindu Dogara, Ritushri Sharma, Arun Kumar Joshi and Randhir Jain.

Indian Bank reports 3 NPA accounts worth over Rs 35 cr as fraud to RBI

Indian Bank on Thursday reported three accounts as fraud to the RBI with total outstanding of over Rs 35 crore

Deepak Puri can be treated in India, not required to go abroad, CBI to HC

Deepak Puri is booked in a bank fraud case

CBI books IVRCL in Rs 4,837 cr-bank fraud after extensive searches

The Hyderabad-based firm is under liquidation following an NCLT order in 2019, brought on by mounting debts and defaults

CBI files charge sheet against Aluminex, IOB staff in Rs 300 cr fraud case

The CBI Tuesday filed a charge sheet against Parekh Aluminex Ltd (PAL) and its director, besides some officials of Indian Overseas Bank (IOB) in an alleged bank fraud case worth Rs 297.80 crore

Bank liable for fraudulent card transactions

An RBI circular says the customer is not liable for unauthorised transactions that occur due to contributory fraud, negligence, or deficiency on the bank's part

CBI searches 3 locations in Delhi in Rs 1,800-crore bank fraud case

The CBI on Friday carried out searches at three locations here after booking Jay Polychem Ltd in a Rs 1,800-crore alleged bank fraud in the State Bank of India, officials said.

CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud

The CBI has booked Delhi-based Amira Pure Foods Pvt Ltd and its top executives including promoter Karan Chanana and Managing Director Rajesh Arora for allegedly cheating a consortium of a dozen banks

A year later, PMC Bank depositors still struggling to get their money back

PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.

Top headlines: Apple's first online store in India, RBI' OMOs, and more

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CBI searches 5 places in Delhi, MP for Rs 938 cr SBI loan fraud case

The searches were being carried out in Madhya Pradesh's Morena and the office premises of KS Oils Ltd on Delhi's Barakhamba Road, as also of its Managing Director and promoters

Bank fraud case: CBI raids multiple locations in Madhya Pradesh's Morena

A team of the Central Bureau of Investigation (CBI) is conducting raids at multiple locations in Morena in connection with a bank fraud case