Bank Fraud

Actor Dino Morea, DJ Aqeel's Statements Recorded In Sterling Biotech Case

India News | Press Trust of India | Thursday July 18, 2019

The Enforcement Directorate has recorded the statements of Bollywood actor Dino Morea and DJ Aqeel in connection with the Sterling Biotech alleged bank fraud money laundering case, officials said Wednesday.

Allahabad Bank Reports Rs 689-Crore Fraud

Business | Thomson Reuters | Wednesday July 17, 2019

Earlier this month, Allahabad Bank had flagged a $259 million fraud by bankrupt steelmaker Bhushan Power & Steel Ltd

Allahabad Bank Reports Rs 1,775 Crore Alleged Fraud By Bhushan Power & Steel

Business | Thomson Reuters | Sunday July 14, 2019

On July 6, state-run Punjab National Bank (PNB) said it had reported an alleged fraud of $554.6 million in Bhushan Power & Steel's accounts

CBI Searches 110 Locations In Corruption, Arms Smuggling Cases

India News | Press Trust of India | Tuesday July 9, 2019

In a countrywide operation, the CBI carried out searches at 110 locations in 19 states in connection with fresh cases related to alleged corruption, arms smuggling and criminal misconduct, officials said Tuesday.

50 Raids, 18 Cities, 14 Cases: CBI "Special Drive" Against Banking Fraud

India News | Press Trust of India | Tuesday July 2, 2019

The CBI Tuesday launched a special drive in connection with banking scams across the country and registered 14 cases, officials said.

Dino Morea And DJ Aqeel Summoned In Sterling Biotech Bank Fraud Case

India News | Press Trust of India | Monday July 1, 2019

The Enforcement Directorate has summoned Bollywood actor Dino Morea and DJ Aqeel for questioning in the Sterling Biotech alleged bank fraud and money laundering probe case, officials said on Monday.

Probe Agency Attaches Assets Of Over Rs 9,000 Crore Of Sterling Biotech Firm

India News | Press Trust of India | Wednesday June 26, 2019

The Enforcement Directorate (ED) has attached assets worth over Rs 9,000 crore in connection with its money laundering probe against Gujarat-based pharmaceutical firm Sterling Biotech, which is allegedly involved in a multi-crore bank fraud case, officials said today.

Mehul Choksi Says He Left India For Medical Check-Up, Treatment

India News | Press Trust of India | Monday June 17, 2019

Diamantaire Mehul Choksi, a key accused in the multi-crore Punjab National Bank (PNB) scam, on Monday told the Bombay High Court that he left India for medical check-up and not to avoid prosecution in the case.

ICICI Reported Most Number Of Fraud Cases In 11 Years Worth 5,000 Crores

India News | Press Trust of India | Wednesday June 12, 2019

Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported highest number of cases, according to an RBI data.

High Security Cell Ready For Nirav Modi In Mumbai Prison: Report

India News | Press Trust of India | Tuesday June 11, 2019

Authorities at the Arthur Road jail in Mumbai have kept barrack number 12 ready if fugitive diamond merchant Nirav Modi is extradited from the UK in connection with the Punjab National Bank (PNB) fraud and money laundering case, a home department official said today.

Bank Frauds Worth An Unprecedented Rs 71,500 Crore Reported In 2018-19: RBI

Business | Press Trust of India | Monday June 3, 2019

In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore, according to data from the central bank. A total of 4,534 and 4,093 such cases were reported in 2010-11 and 2011-12 involving Rs 3,815.76 crore and Rs 4,501.15 crore, respectively.

Nirav Modi's Custody Extended, UK Court Seeks Info Of India's Prison Cell

India News | Edited by Aditya Sharma | Friday May 31, 2019

Fugitive jeweller Nirav Modi's custody had been extended till June 27 by a UK court. In the case's first pretrial hearing, the judge also directed Indian authorities to confirm within 14 days which prison he would be held at, if he were to be extradited.

Nirav Modi Denied Bail Again, Security Offer Was Doubled To 2 Million Pounds

India News | Press Trust of India | Wednesday May 8, 2019

Fugitive diamantaire Nirav Modi, the main accused in the Punjab National Bank fraud and money laundering case, was denied bail for the third time by a court in UK on Wednesday.

Accused In Bank Fraud Fined More Than Scam Amount, Jailed By CBI Court

Mumbai News | Indo-Asian News Service | Saturday May 4, 2019

In a trail-blazing judgement, a Special CBI Court in Mumbai has imprisoned a former Andhra Bank manager and four others to varying prison terms and imposed a total fine on them which is considerably higher than the fraud amount of Rs 2.30 crore they perpetrated on the bank, almost 10 years ago.

CBI Raids Jagan Mohan Reddy's Party Candidate In Alleged Bank Fraud Case

India News | Reported by Arvind Gunasekar, Edited by Vaibhav Tiwari | Tuesday April 30, 2019

The CBI is conducting searches on the premises of Raghurama Krishnamaraju, the Lok Sabha election candidate from Jagan Mohan Reddy's YSR Congress Party, in an alleged bank fraud case in Hyderabad.