Banking Fraud

Probe Agency Arrests Ahmedabad Top Official In Multi-Crore Bank Fraud Case

India News | Press Trust of India | Saturday September 21, 2019

The Enforcement Directorate said on Saturday it has arrested the CMD of an Ahmedabad-based company in connection with a money laundering case linked to alleged multi-crore bank fraud.

Ratul Puri's Judicial Custody Extended Till October 3 In Bank Fraud Case

India News | Press Trust of India | Friday September 20, 2019

The court had on September 3 sent Ratul Puri to judicial custody in the case after his 14-day custodial interrogation ended.

Interpol Arrest Warrant Issued Against Fugitive Nirav Modi's Brother

India News | Reported by Arvind Gunasekar, Edited by Debanish Achom | Friday September 13, 2019

The brother of fugitive billionaire Nirav Modi, wanted in India for bank fraud, can be arrested in any country, with the Interpol putting out a red corner notice. The request to law enforcement agencies worldwide to locate and provisionally arrest Nehal Deepak Modi came from the Enforcement Directorate, sources said.

Probe Agency Attaches Rs 288-Crore Assets Of Himachal Firm In Fraud Case

India News | Press Trust of India | Wednesday September 11, 2019

The Enforcement Directorate on Wednesday said it has attached assets worth over Rs 288 crore of a Himachal Pradesh-based company and its promoters in connection with a multi-crore bank fraud and money laundering case.

18 State-Run Banks Hit By Frauds Worth Rs 32,000 Crore In June Quarter: Report

Business | Press Trust of India | Sunday September 8, 2019

As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the report.

SBI Sought Issuance Of 147 Look Out Circulars In Last Five Months: Report

Business | Press Trust of India | Sunday September 8, 2019

In FY19, the banking sector reported 6,801 frauds involving Rs 71,542.93 crore, the Reserve Bank of India has said in its latest report.

Ahmed Patel's Son Summoned By Probe Agency For 5th Time

India News | Press Trust of India | Saturday September 7, 2019

A day after the Enforcement Directorate questioned Faisal Patel, son of senior Congress leader Ahmed Patel, in the alleged multi-crore bank fraud and money-laundering by the Gujarat-based Sterling Biotech, the agency has summoned him again on Monday, according to ED officials.

Ahmed Patel's Son Appears Before Probe Agency In Sterling Biotech Case

India News | Thursday September 5, 2019

Faisal Patel, son of senior Congress leader Ahmed Patel, was again questioned by the Enforcement Directorate on Thursday in connection with its probe into the alleged multi-crore bank fraud and money laundering by Gujarat-based firm Sterling Biotech, officials said.

Ratul Puri Sent To Judicial Custody Till September 17 In Bank Fraud Case

India News | Press Trust of India | Tuesday September 3, 2019

A Delhi court Tuesday sent Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, to judicial custody till September 17 in the Enforcement Directorate's money laundering case related to a bank loan fraud.

Who Is Allowing These "Big Bank Frauds": Priyanka Gandhi On RBI Report

India News | Press Trust of India | Friday August 30, 2019

Congress leader Priyanka Gandhi Vadra attacked the government on Friday over an RBI report showing bank frauds have gone up by 15 per cent year-on-year in 2018-19, asking who is the guarantor allowing such "big bank frauds".

Bank Frauds Jump 74% To Rs 71,543 Crore In 2018-19, Says RBI

Business | Written by Abhishek Vasudev | Thursday August 29, 2019

Reserve Bank of India (RBI) in its annual report said that frauds related to loans constituted dominant share of the total amount involved in frauds.

Alleged Fraud Involving Ratul Puri To Cross Rs 1,400 Crore: Report

India News | Indo-Asian News Service | Tuesday August 27, 2019

The Enforcement Directorate (ED) probe involving Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, arrested in a money laundering case, has revealed that the amount of the bank fraud is approximately Rs 1,492 crore, much higher than Rs 354 crore as mentioned by the Central Bank of India in its complaint.

Ratul Puri's Enforcement Directorate Custody Extended In Bank Fraud Case

India News | Press Trust of India | Monday August 26, 2019

A Delhi court on Monday extended by four days the custodial interrogation of Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, by the Enforcement Directorate (ED) in the money laundering case related to a bank loan fraud.

Ratul Puri, Jailed In Fraud Case, Moves Court To Surrender In Agusta Case

India News | Edited by Shylaja Varma | Thursday August 22, 2019

Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, who was arrested this week by the Enforcement Directorate for an alleged Rs. 354 crore bank fraud, has approached a Delhi court seeking to surrender in a separate money-laundering case connected to the AgustaWestland chopper scam.

"No Connection" With Arrested Nephew's Business, Says Kamal Nath

India News | Edited by Deepshikha Ghosh | Tuesday August 20, 2019

Madhya Pradesh Chief Minister Kamal Nath today said he had no connection with the business of his nephew Ratul Puri, who was arrested this morning over allegations of swindling a state-run bank.