Punjab National Bank (PNB), which was defrauded of Rs 11,400 crore by Nirav Modi, has been hit by another scam, this time by the Hanjer Group of companies.
The Enforcement Directorate (ED) on Tuesday said it has attached assets worth Rs 1,122 crore, including wind mills and an under-construction hotel, of Vadodara-based DPIL Pvt Ltd in connection with its money laundering probe in a bank fraud case
According to the CBI, the Diamond Power Infrastructure had fraudulently availed credit facilities from a consortium of 11 banks (both public and private) from 2008, leading to outstanding debt of Rs 2,654.40 crore as of 29 June, 2016
The police acted following a complaint from the Punjab & Sind Bank against Surya Pharmaceuticals, its two promoters and a Dubai-based company, alleging they had defrauded the banks and siphoned off funds through group companies
A parliamentary panel has called RBI Governor Urjit Patel on 17 May to answer queries on a spate of banking scams unearthed in the last few months
Aadhaar no solution to scams as bank officials are hand in glove with fraudsters, says Supreme Court
The Supreme Court observed that Aadhaar is not a solution to bank frauds as it can do little to stop fraudsters.
Gurmit Singh Mann named in FIR against Simbhaoli Sugars; executive chairman served as MD between 1972-2013
Gurmit Singh Mann has been the Executive Chairman of the Board of Simbhaoli Sugars Limited since 2013 and been associated with the company for 38 years in his over 46 years of experience
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
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.
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
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: BSP chief Mayawati lashes out at Centre, says govt was sleeping when 'mega bank fraud' took place
BSP chief Mayawati referring to Nirav Modi scam on Sunday and claimed that the Centre slept while a mega bank fraud took place.
A customer recently discovered that a bank has been taking its clients for a ride by charging Rs 100 for programmes that they did not sign up in.
Karthik Srinivasan, a Digital Marketer from Bangalore was going through his email when he discovered that HDFC Bank had been charging him Rs 100 per quarter for a program he never signed up for.