Latest News on Frauds
Showing of 0 - 10 from 15 results
Frauds - Total results - 15
Aug 07, 2018
Indian banks took about Rs 70,000 crore hit owing to frauds in last three fiscals, shows RBI dataThe extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was Rs 16,409 crore, Rs 16,652 crore and Rs 36,694 crore, respectively
Feb 25, 2018
Nirav Modi scams PNB: The prime minister and his govt must put an end to this ‘Gujarat model’ of financial manipulationJeweller Nirav Modi joins a list of smart young Gujarati men — including Harshad Mehta, Hiten Dalal, Jatin Mehta and Ketan Parekh — who have in the last few years easily taken thousands of crores each from Indian banks
Feb 16, 2018
PNB fraud case raises questions about how businesses are managed and failures handledThe widespread panic, both with regards to the NPA crisis, the debate over depositor protection, and bank frauds is perhaps linked to the larger question of government credibility.
Aug 16, 2017
Rise in number of cases under investigation in 2016-17: Sebi's annual reportThe market regulator initiates investigations based on references received from sources such as its Integrated Surveillance Department, other operational departments within Sebi and external government agencies.
Aug 09, 2017
Sebi diktat on shell companies: Biggies Parsvnath Developers, J Kumar Infra among 331 'suspects'West Bengal (127) accounts for the largest number of companies on the list of 331 suspected shell firms, referred by the corporate affairs ministry to Sebi.
Jul 07, 2017
Kingpin of fake coin racket held; counterfeit coins of Rs 5 worth Rs 8,500 seizedThe gang first carved out shape of coins from metallic sheets in lathe machines and then prepared coins using heating and hydraulic machines.
Jun 27, 2017
RBI amends banking ombudsman scheme; to now include complaints on mis-selling, mobile banking from 1 JulyThe amendments in the Scheme shall come into force from July 1, 2017
May 16, 2017
Ransomware attack: 120 Gujarat govt computers affected by WannaCry virus120 computers of the Gujarat State Wide Area Network (GSWAN) were infected by the WannaCry virus, but no valuable data was lost
May 12, 2017
Siemens India internal probe unearths Rs19 crore fraud of fake ordersSiemens’ internal probe has unearthed a fraud that was perpetrated on the company over several years through fake purchase orders by certain employees
May 08, 2017
Ponzi scheme: Sebi to auction MPS' properties to recover investors’ moneySebi will auction 14 properties of MPS Greenery Developers next month at a total reserve price of over Rs54 crore