Page 3 - Bank Fraud

ED slaps biggest ever FEMA notice of Rs 7,220-cr on Kolkata jewellery firm

The central probe agency has charged Shree Ganesh Jewellery House Ltd and its promoters by an order issued by the adjudicating authority of FEMA in Kolkata

Rs 411-crore fraud: SBI approaches CBI as three loan defaulters flee India

Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

Parliament: Why govt has no record on farmer income, who will own LIC

Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth

FinMin's new measures to protect prudent commercial decision of bankers

Finance Minister Nirmala Sitharaman at several occasions assured bankers that adequate measures would be taken to protect honest commercial decisions taken by them

Bank fraud case: ED attaches media group's assets worth over Rs 124 crore

The group companies "fraudulently" availed loans to the tune of Rs 2,600 crore from banks

PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht

These assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender

Courts crack whip on Mallya, Nirav Modi in 2019; relief for Ajit Pawar

Under the Fugitive Economic Offences Act, the court can order attachment of offenders' properties

AIIMS duped of Rs 12 cr as fraudsters withdraw money using 'cloned cheques'

The money was illegally withdrawn from the AIIMS' accounts in the State Bank of India at its non-home branches in other cities

DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28

The UP Power Corporation Contributory Provident Fund Trust also has an intervenor application, seeking release of Rs 4,100 crore

PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?

State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore

PMC Bank scam: ED to attach HDIL promoters' plush Alibaug property

The bungalow is spread across 2.5 acres; valuation being assessed

Who is allowing bank frauds? Priyanka to govt as RBI reports rise in cases

Congress' chief spokesperson Randeep Surjewala also hit out at the government over the rising number of bank frauds

Bank frauds rise 15% in 2018-19, amount pegged at Rs 71,543 cr: RBI

Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19. It was followed by private sector banks and foreign banks

CBI court convicts former Central Bank of India manager, 2 others for fraud

It was alleged that they fabricated documents and caused a loss of Rs 1 cr to the bank

Punjab National Bank slips 10% on detecting fraud of Rs 3,805 crore

PNB said on Saturday that Bhushan Power & Steel Ltd had misappropriated bank funds and had manipulated its books of accounts to raise funds from consortium lender banks.

Sterling Biotech PMLA case: ED attaches assets worth over Rs 9,700 cr

ED registered a criminal case in the alleged bank fraud scam based on a Central Bureau of Investigation FIR and charge sheet

Court directs ED to file charge sheet against accused in loan fraud case

An "open-ended NBW" does not carry a time limit for execution unlike non-bailable warrants

CBI books Vadodara firm for cheating banks of Rs 26 bn; raids premises

It is alleged that the firm, with active connivance of officials from various banks, managed to get enhanced credit facilities