Indian Bank Fraud Case

Nimbus Communications Ltd and its three Directors - Harish K Thawani, Shoba Harish Thawani and Akash Chandra Khurana - have been named in a chargesheet by the CBI for allegedly defrauding Indian Overseas Bank of over Rs 75 crore.

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A few large private and public banks have begun using the option, said one of the sources, a bank...

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters.

The CBI has charged Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said.

The CBI has filed a charge sheet against 18 people, including an Indian Bank branch manager, in connection with the Rs 45.40-crore fixed deposit fraud of Chennai Port Trust, officials said on Wednesday.

The CBI has registered a case against Indian Technomach Co Ltd, its promoter and CMD Rakesh Kumar Sharma, and others for allegedly defrauding a consortium of 16 banks led by Bank of India to the tune of over Rs 1,528 crore, officials said

Jeweller Nirav Modi, wanted for fraud and money laundering in the Rs 14,000-crore Punjab National Bank (PNB) loan scam, can be extradited to India, a UK judge ruled today, dismissing arguments like his mental health worsening during the pandemic and poor Indian prison conditions.

A UK court ruling in the nearly two-year-long legal battle of jeweller Nirav Modi's extradition, who is wanted for fraud and money laundering in the Rs 14,000-crore Punjab National Bank (PNB) scam, has said "I am satisfied that there is evidence that Mr Modi could be convicted". Nirav Modi, 49, is appearing via video conferencing from Wandsworth Pr...

The Central Bureau of Investigation (CBI) has registered a case of bank fraud of over Rs 200 crore against Bengaluru-based Steel Hypermart India Private Limited and its directors for losses incurred by a consortium of banks led by the Indian Bank, officials said Wednesday.

Fugitive diamantaire Nirav Modi's extradition case related to the estimated USD 2-billion Punjab National Bank (PNB) fraud and money laundering charges brought by the Indian government opened for a five-day hearing in a UK court on Monday.

The Enforcement Directorate (ED) has attached six immovable properties worth Rs 20.65 crores of a Tamil Nadu-based businessman under Prevention of Money Laundering Act, 2002 (PMLA) in connection with a bank fraud case.

In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon be declared bankrupt to enable them to recover a loan of around GBP 1.145 billion from him.

The CBI has issued a look out circular against a South Indian actress accused of impersonation and extortion in connection with a bank fraud case. The accused -- Leena Maria Paul from Kerala -- has acted in a couple of movies, including John Abraham-starrer Madras Cafe.

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.

Fugitive jeweller Mehul Choksi, accused in the Rs 13,000 crore Punjab National Bank fraud case, is still an Indian citizen despite holding an Antigua and Barbuda passport, an Indian official told Reuters, adding the government is pushing for his extradition.

Nimbus Communications Ltd and its three Directors - Harish K Thawani, Shoba Harish Thawani and Akash Chandra Khurana - have been named in a chargesheet by the CBI for allegedly defrauding Indian Overseas Bank of over Rs 75 crore.

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A few large private and public banks have begun using the option, said one of the sources, a bank...

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters.

The CBI has charged Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said.

The CBI has filed a charge sheet against 18 people, including an Indian Bank branch manager, in connection with the Rs 45.40-crore fixed deposit fraud of Chennai Port Trust, officials said on Wednesday.

The CBI has registered a case against Indian Technomach Co Ltd, its promoter and CMD Rakesh Kumar Sharma, and others for allegedly defrauding a consortium of 16 banks led by Bank of India to the tune of over Rs 1,528 crore, officials said

Jeweller Nirav Modi, wanted for fraud and money laundering in the Rs 14,000-crore Punjab National Bank (PNB) loan scam, can be extradited to India, a UK judge ruled today, dismissing arguments like his mental health worsening during the pandemic and poor Indian prison conditions.

A UK court ruling in the nearly two-year-long legal battle of jeweller Nirav Modi's extradition, who is wanted for fraud and money laundering in the Rs 14,000-crore Punjab National Bank (PNB) scam, has said "I am satisfied that there is evidence that Mr Modi could be convicted". Nirav Modi, 49, is appearing via video conferencing from Wandsworth Pr...

The Central Bureau of Investigation (CBI) has registered a case of bank fraud of over Rs 200 crore against Bengaluru-based Steel Hypermart India Private Limited and its directors for losses incurred by a consortium of banks led by the Indian Bank, officials said Wednesday.

Fugitive diamantaire Nirav Modi's extradition case related to the estimated USD 2-billion Punjab National Bank (PNB) fraud and money laundering charges brought by the Indian government opened for a five-day hearing in a UK court on Monday.

The Enforcement Directorate (ED) has attached six immovable properties worth Rs 20.65 crores of a Tamil Nadu-based businessman under Prevention of Money Laundering Act, 2002 (PMLA) in connection with a bank fraud case.

In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon be declared bankrupt to enable them to recover a loan of around GBP 1.145 billion from him.

The CBI has issued a look out circular against a South Indian actress accused of impersonation and extortion in connection with a bank fraud case. The accused -- Leena Maria Paul from Kerala -- has acted in a couple of movies, including John Abraham-starrer Madras Cafe.

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.

Fugitive jeweller Mehul Choksi, accused in the Rs 13,000 crore Punjab National Bank fraud case, is still an Indian citizen despite holding an Antigua and Barbuda passport, an Indian official told Reuters, adding the government is pushing for his extradition.