Fraud

Maharashtra Elections 2019: Action Against Corrupt People Will Continue, Says PM Modi

India News | Press Trust of India | Friday October 18, 2019

The ongoing action against those who had indulged in corruption and frauds during the earlier regimes will continue, Prime Minister Narendra Modi said in Pune on Thursday.

PNB Scam: Nirav Modi's Custody In UK Extended Till November 11

India News | Press Trust of India | Thursday October 17, 2019

Fugitive diamond trader Nirav Modi, who is fighting against India's extradition request on charges of the 2 billion dollar Punjab National Bank (PNB) fraud case, was on Thursday remanded to prison until November 11 after he appeared via video link from his London jail for a hearing.

Ex-Ranbaxy Promoters Sent To Tihar Jail Till October 31 In Fraud Case

India News | Edited by Arun Nair | Thursday October 17, 2019

A Delhi court today sent former Ranbaxy promoter Malvinder Singh and his brother Shivinder Singhto judicial custody in a Rs. 2,397 crore fraud case.

Omission Of Irregularities In PMC Bank Working Will Be Probed: Mumbai Police

Mumbai News | Press Trust of India | Thursday October 17, 2019

The Mumbai Police will investigate how the Reserve Bank of India audit missed various irregularities in the PMC bank transactions, the metropolis police chief said on Wednesday.

Sell Our Assets To Pay Off PMC Bank's Dues, Wadhawans To RBI, Agencies

India News | Press Trust of India | Thursday October 17, 2019

Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.

Police Custody Of Ex-Ranbaxy Promoters Extended By 2 Days In Fraud Case

India News | Edited by Jimmy Jacob | Tuesday October 15, 2019

A Delhi court today extended the police custody of three people, including former Ranbaxy promoters Malvinder Singh and Shivinder Singh, on charges of allegedly misappropriating funds at Religare Finvest Limited to the tune of Rs 2,397 crore.

UP Suspends District Magistrate, 4 Others Over Alleged Cow Shelter Fraud

India News | Reported by Alok Pandey, Edited by Chandrashekar Srinivasan | Monday October 14, 2019

The Uttar Pradesh government today suspended five officials, including a District Magistrate and a Chief Veterinary Officer, for alleged irregularities in the state's cow protection programme

Rs 30 Crore 'Black Money' Found In Tax Raids At Tamil Nadu Coaching Firm

Tamil Nadu News | Indo-Asian News Service | Saturday October 12, 2019

In raids on a Tamil Nadu-based business group running coaching institutes for competitive examinations, the Income Tax (I-T) Department has seized Rs 30 crore unaccounted cash.

Bank Fraud: Rs 4,000-Crore Bhushan Power And Steel Assets Seized

Business | Press Trust of India | Saturday October 12, 2019

The total value, under the provisional order for attachment, is Rs 4,025.23 crore.

Mehul Choksi Cheated Punjab And Sind Bank Of Rs 44 Crore: Report

India News | Indo-Asian News Service | Saturday October 12, 2019

Diamantaire Mehul Chinubhai Choksi cheated Punjab & Sind Bank (PSB) of Rs 441 million, the public sector bank revealed on Saturday.

"Trust Deficit" In Banking System Due To Fraud Cases, Says Congress

India News | Press Trust of India | Friday October 11, 2019

The Congress on Friday demanded a white paper on the Punjab Maharashtra Cooperative (PMC) Bank scam to ascertain what had happened that led to a crisis in the bank and who were responsible for it.

RBI Central Board Reviews Economic Situation, Co-Operative Banks

Business | Indo-Asian News Service | Friday October 11, 2019

The RBI Central Board met amidst weak growth estimates by global agencies and the RBI itself and also the recent fraud at the PMC Bank.

PMC Bank Depositors Meet Finance Minister Nirmala Sitharaman

Business | Reported by Purva Chitnis | Friday October 11, 2019

The PMC Bank fraud is estimated to be worth at least Rs 4,355 crore and could go up to as much as Rs 6,300 crore.

Ex-Ranbaxy Promoters Sent To 4-Day Police Custody In Fraud Case

India News | Reported by Arvind Gunasekar, Edited by Debanish Achom | Friday October 11, 2019

Pharmaceutical giant Ranbaxy's ex-promoters Shivinder Singh, his older brother Malvinder Singh and three others have been sent to four-day police custody in a Rs 740-crore fraud case.

"Set Politics Aside, Help PMC Bank Depositors": Supriya Sule To Centre

India News | Edited by Jimmy Jacob | Thursday October 10, 2019

Nationalist Congress Party leader Supriya Sule today urged the Narendra Modi government to set its "political agenda" aside and step in to help depositors of the Punjab Maharashtra Cooperative Bank, which is being investigated in connection with a Rs 4,355-crore fraud case.