Bank Fraud

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

Videocon-ICICI loan case: ICICI Bank’s board to meet today 

Videocon-ICICI loan case: ICICI Bank’s board to meet today 

New Delhi: Private sector lender ICICI Bank said its board will meet today to review insolvency cases before National Company Law Tribuna...Read More

Mumbai Crime: 3 accused of duping Axis Bank to tune of Rs 290 crore

Mumbai Crime: 3 accused of duping Axis Bank to tune of Rs 290 crore

Mumbai: Three men were recently arrested by the Economic Offences Wing in a fraud case of Rs 290 crore. The four men were accused of dupi...Read More

FM Arun Jaitley slams regulators’ failure to detect Rs 11,400 crore PNB fraud

FM Arun Jaitley slams regulators’ failure to detect Rs 11,400 crore PNB fraud

New Delhi: Finance Minister Arun Jaitley on Saturday said cases of willful default and bank fraud will have a detrimental impact on the g...Read More

Business and fraud, inseparable twins?

Business and fraud, inseparable twins?

Have you ever wondered if you can succeed in business without being a crook? Yes, a crook. Or call them what you will, a cheat, a fraudst...Read More

Thane: Man approaches finance company for loan, finds out he’s ‘blacklisted’ for not paying earlier loans

Thane: Man approaches finance company for loan, finds out he’s ‘blacklisted’ for not paying earlier loans

It was a shocker for a businessman when he approached a financial institution in Thane to get himself a car loan, and learned that he was...Read More

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Indore: Another booked for trying to cheat bank with Rs 2.95 cr fake cheque

Indore: In another case of similar bank fraud that shocked the authorities on Friday, Palasia police on Sunday booked a person for presen...Read More

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Thane: Bank files FIR against 21 in 1.34 crore fraud

Mira-Bhayandar: The Bhayandar branch of Bank of Maharashtra (BoM) has filed cases against 21 people for their suspected involvement in ch...Read More

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RBI orders probe into alleged frauds in loans to farmers

Nagpur: The Reserve Bank of India (RBI) has ordered a probe into allegations of irregularities committed by public, private and foreign b...Read More

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