Bank Fraud

India's banking, financial institutions struggling to deal with increasing fraud: Deloitte survey

Key reasons identified for the increase in fraud incidents over the last two years include large-scale remote working models, an increase in customers using non-branch banking channels and the limited/ineffective use of forensic analytics tools to identify potential red flags

CBI charges Gupta brothers, who founded Ashoka University, in Rs 1,626 crore bank fraud; all you need to know

They have been accused of cheating the Central Bank of India along with 11 other banks to the tune of Rs 1,626.74 crore

US court junks Nirav Modi's plea seeking dismissal of fraud allegations against him

The allegations were made by Richard Levin, the court appointed trustee of three US corporations indirectly owned by Nirav Modi previously

CBI books four of its personnel for taking bribe from bank fraud accused, conducts searches at 14 locations

The CBI booked deputy superintendents of police RK Rishi and RK Sangwan, Inspector Kapil Dhankad, and Steno Samir Kumar Singh. It also searched the premises of Rishi, who is posted at the CBI Academy, Ghaziabad

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

Delhi-based Amira Pure Foods Pvt Ltd and its top executives are accused of cheating a consortium of a dozen banks led by Canara Bank

Vijay Mallya says disappointed with UK court decision, to continue legal battle against extradition

Mallya's legal team had claimed that the loan defaults by KFA were the result of wider issues faced by the aviation industry at the time.

Fake UPI IDs during coronavirus: Banks, including SBI, HDFC, ICICI, warn customers of online fraudsters in the name of COVID-19 relief

The coronavirus lockdown has reportedly allowed cyber criminals more opportunities to engage in fraudulent activities and dupe people off their finances. They are doing this by making them give out bank details or in some cases, transferring money to false COVID-19 relief accounts.

Huawei's Meng Wanzhou to be released ahead of extradition hearing in Vancouver

The US has charged Meng with bank fraud, and accused her of misleading HSBC Holdings about Huawei's business in Iran.

China urges new Canadian govt to release Huawei CFO Meng Wanzhou immediately

Meng charged in the United States with bank fraud, and is accused of misleading HSBC Holdings PLC.

Not backing out from buying Bhushan Power and Steel, but anxious about alleged fraud reports: JSW tells NCLT

JSW Steel on Monday told the National Company Law Tribunal that the company is not backing out from the ongoing resolution process of Bhushan Power & Steel despite reports of alleged fraud by its former promoters