Bank Fraud

EOW registers case against travel firm Cox & Kings for cheating bank

EOW registers case against travel firm Cox & Kings for cheating bank

According to the allegation, CNK has defrauded payment since June last year to the bank, thus causing loss

CBI raids locations-linked to Kwality Ltd, directors over Rs 1,400-crore fraud

CBI raids locations-linked to Kwality Ltd, directors over Rs 1,400-crore fraud

The CBI has booked dairy major Kwality Ltd and its directors for allegedly cheating a consortium of 10 banks, led by the Bank of India, o...Read More

SBI cashier who duped bank of 
Rs 43 lakh denied bail

SBI cashier who duped bank of Rs 43 lakh denied bail

The state opposed Jadhav’s plea stating that he had misappropriated a huge sum as a cashier in the public bank

ED grills Ahmed Patel for 7 hours

ED grills Ahmed Patel for 7 hours

Veteran Congress leader calls it ‘political vendetta’ by Modi govt

CBI books ex-Maruti Suzuki MD Khattar for Rs 1.1 bn bank fraud

CBI books ex-Maruti Suzuki MD Khattar for Rs 1.1 bn bank fraud

Mumbai: The CBI on Tuesday said it has registered a case against Maruti Udyog's former Managing Director Jagdish Khattar in connection wi...Read More

CBI files chargesheet against Vindhyawasini group in bank fraud case

CBI files chargesheet against Vindhyawasini group in bank fraud case

New Delhi: The Central Bureau of Investigation on Tuesday filed a chargesheet against directors and promoters of Vindhyavasini group in i...Read More

3 police personnel suspended for escape of builder accused of bank fraud

3 police personnel suspended for escape of builder accused of bank fraud

Thane: Three policeman in Maharashtra's Thane were placed under suspension in connection with the escape of a builder accused of defraudi...Read More

Bank fraud: ED attaches assets of over Rs 4,000 cr of Bhushan Steel

Bank fraud: ED attaches assets of over Rs 4,000 cr of Bhushan Steel

New Delhi: The Enforcement Directorate on Saturday said it has attached assets worth over Rs 4,025 crore of Bhushan Power and Steel Limit...Read More

PMC Bank case: In big relief to depositors, RBI hikes withdrawal limit to Rs 25,000

PMC Bank case: In big relief to depositors, RBI hikes withdrawal limit to Rs 25,000

New Delhi: The Reserve Bank of India (RBI) on Thursday enhanced the withdrawal limit for the depositors of Punjab And Maharashtra Coopera...Read More

CVC sets up panel to examine bank fraud

CVC sets up panel to examine bank fraud

This development will instill a sense of protection among bankers from prosecution for genuine decisions, and promote lending.

ED questions Ahmed Patel's son for 7 hours in multi-crore bank fraud and money-laundering case

ED questions Ahmed Patel's son for 7 hours in multi-crore bank fraud and money-laundering case

New Delhi: Senior Congress leader Ahmed Patel's son Faisal Patel was questioned for seven hours by the Enforcement Directorate here on Th...Read More

Bank fraud touches Rs 71,543 crore in 2018-19: RBI annual report

Bank fraud touches Rs 71,543 crore in 2018-19: RBI annual report

Number of frauds related to advances were predominant followed by card/internet related frauds and deposits related frauds, the report said

Bank Frauds: Over Rs 2.05 lakh cr frauds happened in 11 years

Bank Frauds: Over Rs 2.05 lakh cr frauds happened in 11 years

Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank report...Read More

Manafort back in court for further sentencing

Manafort back in court for further sentencing

Washington: US President Trump’s former campaign chief Paul Manafort, sentenced to 47 months in prison last week for tax and bank fraud, ...Read More

Donald Trump’s ex-campaign chief Paul Manafort sentenced to 47 months in prison for tax crimes and bank fraud

Donald Trump’s ex-campaign chief Paul Manafort sentenced to 47 months in prison for tax crimes and bank fraud

Alexandria (US): US President Donald Trump’s former campaign chief Paul Manafort was sentenced to 47 months in prison Thursday for tax cr...Read More

Bank mergers: Abracadabra! Mess vanishes!

Bank mergers: Abracadabra! Mess vanishes!

There is trouble that is bubbling inside India’s financial cauldron. The three witches cackle, stir their brooms in the broth, and chant ...Read More

Cyber Attack: Pune-based Cosmos bank duped of Rs 94 crore by hackers

Cyber Attack: Pune-based Cosmos bank duped of Rs 94 crore by hackers

Pune: A case of cyber fraud was registered by a bank in Pune, in which Rs. 94 crore were allegedly siphoned off. After one of the servers...Read More

Bank fraud: ED attaches assets worth Rs 1,122 crore of Vadodara-based DPIL

Bank fraud: ED attaches assets worth Rs 1,122 crore of Vadodara-based DPIL

New Delhi: The ED today said it has attached assets worth Rs 1,122 crore, including wind mills and an under-construction hotel, of Vadoda...Read More

Private banks raise governance concerns

Private banks raise governance concerns

Controversies at two of India’s top three private banks have raised concerns, not merely about fraud and bad loan, but about the role of ...Read More

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