Bank Scam

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Bank Scam - Total results - 14
Exclusive: PNB hit by another fraud, CBI investigating alleged Rs 250-crore scam by Hanjer Group
Business

Exclusive: PNB hit by another fraud, CBI investigating alleged Rs 250-crore scam by Hanjer Group

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.

Bank fraud: ED attaches assets worth Rs 1,122 cr of Vadodara-based Diamond Power Infrastructure
Business

Bank fraud: ED attaches assets worth Rs 1,122 cr of Vadodara-based Diamond Power Infrastructure

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

Bank fraud: Three promoters of Diamond Power Infrastructure held in Rajasthan
Business

Bank fraud: Three promoters of Diamond Power Infrastructure held in Rajasthan

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

CBI probes Delhi-based Surya Pharmaceuticals for defrauding Punjab & Sind Bank for Rs 621 cr
Business

CBI probes Delhi-based Surya Pharmaceuticals for defrauding Punjab & Sind Bank for Rs 621 cr

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

Parliamentary panel calls RBI governor Urjit Patel to answer queries on bank scams
Business

Parliamentary panel calls RBI governor Urjit Patel to answer queries on bank scams

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
India

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
Business

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
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.

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: BSP chief Mayawati lashes out at Centre, says govt was sleeping when 'mega bank fraud' took place
Politics

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.

Watch: A customer decides to take action against an Indian bank's scam
Business

Watch: A customer decides to take action against an Indian bank's scam

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.

An Indian bank appears to be scamming its customers; here’s how an alert citizen discovered it
News & Analysis

An Indian bank appears to be scamming its customers; here’s how an alert citizen discovered it

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.