Bank Fraud Case

Bank Fraud Case News

CBI books IT infrastructure firm MD, director for cheating SBI-led consortium of over Rs 862 crore
Business

CBI books IT infrastructure firm MD, director for cheating SBI-led consortium of over Rs 862 crore

Following an FIR, the agency conducted searches at nine locations, including residential and office premises of the accused in Mumbai and Kolhapur

UP Special Task Force arrests four people from Gautam Buddh Nagar district for committing bank frauds
India

UP Special Task Force arrests four people from Gautam Buddh Nagar district for committing bank frauds

Uttar Pradesh Special Task Force's (STF) Noida unit on Wednesday held four persons for committing bank frauds in Gautam Buddh Nagar.

Five more firms come under ED probe for their links with Vijay Mallya; liquor baron used profits for expenses
Business

Five more firms come under ED probe for their links with Vijay Mallya; liquor baron used profits for expenses

Last week, the ED had unearthed an alleged nexus of slush funds being transferred to Mallya by his India-based "close associate" with the help of shell companies.

Fugitive Economic Offenders Bill: A potent weapon, if rightly used, can bring the Mallyas, Choksis back to where they belong
Business

Fugitive Economic Offenders Bill: A potent weapon, if rightly used, can bring the Mallyas, Choksis back to where they belong

The Bill ostracises an offender from any civil rights to make his case legally and gives the power to local authorities to attach his assets and initiate proceedings.

First big arrest in Punjab National Bank fraud: Vipul Ambani held by CBI
India

First big arrest in Punjab National Bank fraud: Vipul Ambani held by CBI

The CBI arrested Vipul Ambani, the president (finance) of Nirav Modi's Fire Star Diamond, in connection with Rs 11,384 crore fraud in Punjab National Bank (PNB), making it the first high profile arrest in the case, officials said.

PNB scam updates: Gitanjali Gems to shut down completely; employees protest after being asked to leave
India

PNB scam updates: Gitanjali Gems to shut down completely; employees protest after being asked to leave

Nirav Modi has said PNB's ”overzealousness” shut the doors on his ability to clear the dues. He also said the dues were much less than what the bank has claimed.

PNB scam: I-T notice to Abhishek Singhvi over unaccounted pay of Rs 4.5 crore; Nirav Modi's Alibaug bungalow searched
Business

PNB scam: I-T notice to Abhishek Singhvi over unaccounted pay of Rs 4.5 crore; Nirav Modi's Alibaug bungalow searched

PNB scam took a new turn when Congress leader Abhishek Manu Singhvi's received a notice from the Income Tax dept over unaccounted payment of Rs 4.5 crores.

Punjab National Bank scam: From 'suave trader' to serial swindler, Nirav Modi has been thoroughly exposed
India

Punjab National Bank scam: From 'suave trader' to serial swindler, Nirav Modi has been thoroughly exposed

Nirav Modi is betraying all the signs of a hardened criminal. His mask of a suave trader who flew high with even higher-flying celebrities is slipping off to reveal what lies underneath: A swindler without a conscience, an immaculate trickster and fraud.

PNB scam: Details of Nirav Modi's massive cash bonuses, stock discrepancy, bogus purchases emerge
India

PNB scam: Details of Nirav Modi's massive cash bonuses, stock discrepancy, bogus purchases emerge

The skeletons continue to tumble out of the closet of Nirav Modi and his associates in the Rs 11,360-crore Punjab National Bank case

PNB Rs 11,360-cr scam: CBI and ED ask Nirav Modi's associates and bank, 'Where is the money?'
India

PNB Rs 11,360-cr scam: CBI and ED ask Nirav Modi's associates and bank, 'Where is the money?'

The question that the CBI and ED sleuths are asking Nirav Modi's associates and PNB repeatedly over the course of interrogation is: Where is the Rs 11,360 crore?

Punjab National Bank fraud updates: CBI questions 17 officials, ED seizes assets worth Rs 5,716 crores
India

Punjab National Bank fraud updates: CBI questions 17 officials, ED seizes assets worth Rs 5,716 crores

The CBI virtually took control of the entire campus of Punjab National Bank's Brady Road branch in Mumbai, which is at the centre of a clossal banking fraud involving billionaire jewellers Nirav Modi and Mehul Choksi, and started an intensive search operation, officials said on Monday

PNB fraud updates: Congress to seek a joint parliamentary committee probe after talks with Opposition parties
Business

PNB fraud updates: Congress to seek a joint parliamentary committee probe after talks with Opposition parties

BJP hits back at Congress, saying PNB scam happened during UPA government, accuses opposition party of spreading lies

PNB fraud case: Banks make commoners pay for small amounts but turn blind eye to big scams
India

PNB fraud case: Banks make commoners pay for small amounts but turn blind eye to big scams

The change in the tone and attitude of the bank and the virulent threat by its officers be it a loan or a credit card debt is dramatic and traumatic.

Why is Modi govt helping people like Vijay Mallya by allowing him to escape? asks Rahul Gandhi
Politics

Why is Modi govt helping people like Vijay Mallya by allowing him to escape? asks Rahul Gandhi

Trying to push the government on the backfoot, a combative Rahul Gandhi on Thursday asked how it allowed liquor baron Vijay Mallya to leave the country.

Arvind Kejriwal says Somnath Bharti did not tamper with evidence
Politics

Arvind Kejriwal says Somnath Bharti did not tamper with evidence

According to media report Bharti and his client Pawan Kumar are facing prosecution on corruption charges - after the CBI accused them of influencing a prosecution's witness by speaking to him on phone and discussing it.