CBI cracks down on loan defaulters in over 61 locations, files 17 FIRs involving funds of Rs 1,139 crore
The figure, which stood at around Rs 640 crore, swelled to Rs 1,139 crore as the agency continued filing of FIRs
The CBI has registered a fresh case against absconding diamantaire Jatin Mehta, Winsome Diamonds and Jewellery and a Jordanian Hathyam Salman Ali Obaidah for allegedly cheating Bank of India to the tune of Rs 82.55 crore, officials said on Thursday
Fraudsters have contributed to a significant chunk of the bad assets of banks, mainly the state-run ones which constitute 70 percent of the assets of Indian banking system.
Absconding industrialist Vinay Mittal wanted in Rs 40 cr bank frauds extradited from Indonesia, says CBI
The CBI had registered cases against Mittal in 2014 and 2016 on the request of Corporation Bank and Punjab National Bank (PNB), which is reeling under Rs 13,000 crore bank fraud allegedly perpetrated by Nirav Modi and Mehul Choksi, they said.
The CBI has filed a chargesheet against two former chairman cum managing directors of the Canara Bank in connection with alleged loan default of Rs 146 crore by Jatin Mehta of Winsome Diamonds
DRT orders: While Nirav Modis, Mehul Choksis escape net, people like Nirmala Prakash stand to lose their homes
Post-Nirav Modi scam, DRT is flooded with cases for adjudication and recovery by banks but a senior officer said on the condition of anonymity that the majority of big cases involving huge sums of money are being settled as per the whims and fancies of bank officials and big borrowers.
Ministry of Corporate Affairs is considering a proposal to seek passport details of all individuals, who have permitted to serve as directors on the board of companies in a bid to prevent loan defaulters like Nirav Modi and Mehul Choksi leaving the country
Govt asks public sector banks to 'name and shame' wilful defaulters by publishing their photographs in newspapers
The number of wilful defaulters, who did not repay loans to public sector banks (PSBs) despite the capacity to do so, rose to 9,063 at the end of December 2017.
Nirav Modi scams PNB: The prime minister and his govt must put an end to this ‘Gujarat model’ of financial manipulation
Jeweller 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