Bank Fraud

The raids are underway, and the premises covered in the search action belong to entities and individuals closely associated with a specific individual

It is alleged that ABG Shipyard Ltd transferred huge amounts of money to its related parties, and thereafter, adjustment entries were made

ED files supplementary complaint naming 56 accused in Amtek Auto fraud involving loan diversion, stock manipulation, and asset concealment, with Rs 6,261 crore attached

Anand will be expected to scale the differentiated franchise of the bank, with a strong ethical foundation, Mehta added

The number of fraud cases investigated by the ED has been steadily increasing, over a decade till 2024

The Supreme Court cancels bail of ex-DHFL promoter Dheeraj Wadhawan in ₹34,000 crore bank loan scam case; rejects medical ground, directs him to surrender before jail in two weeks

A fugitive wanted by Delhi Police in a Rs 4.55 crore bank fraud case was successfully deported from the UAE on Friday in an operation coordinated by the CBI with Interpol channels, officials said. Udit Khullar was brought to the Indira Gandhi International Airport on Friday, where he was taken into custody, they said. "The subject was earlier geo-located in the UAE through close follow-up by the CBI through Interpol with NCB-Abu Dhabi," a CBI spokesperson said in a statement. Khullar was wanted by the Special Cell of Delhi Police for alleged criminal conspiracy, cheating and forgery for securing three fraudulent home loans from nationalised and private banks in a "well-knit criminal conspiracy" with his associates, the agency said. He submitted forged documents of properties which he did not own to the banks to secure the loans, it said. "Khullar was arrested in the UAE and subsequently the CBI requested the UAE authorities to deport the subject to India," the spokesperson said.

Subodh Kumar Goel faces charges of sanctioning loans that later became NPAs, with investigations linking his actions to a large-scale money laundering scheme

The concern arises from the increasing misuse of some Jan Dhan accounts by fraudsters as "mule accounts" to carry out cyber fraud

Central agency searches premises linked to Shilpi Cables and its managing director Manish Goel

According to the central bank's latest annual report, more than half of frauds took place in digital or card-based transactions, even though they accounted for only 1.4% of the $4 billion in scams

The case was filed based on a written complaint by IDBI Bank Ltd; the CBI conducted searches at five official and residential premises linked to the accused in Noida and Ghaziabad

Sebi has issued a ₹2.1 crore notice to Mehul Choksi for insider trading in Gitanjali Gems and warned of asset seizure; he also faces a court warrant in a ₹55 crore fraud case

ED arrests ex-Uco Bank CMD Subodh Goel in ₹6,210 crore fraud case; agency alleges he received illegal gratification via shell firms during credit sanctions to CSPL

With diamond businessman Mehul Choksi's arrest, all eyes turn to Belgium as India awaits greenlight on extradition

ED investigation revealed that M/s Lakhani India Limited and group companies had jointly defrauded Indian Overseas Bank, Punjab National Bank and Allahabad Bank by misappropriation

Mumbai Police has confirmed that Preity Zinta's loan is not under probe and has dismissed loan write-off claims amid an online row with Kerala Congress over fake news allegations

Social media was abuzz with the reports of Bollywood actress Preity Zinta having taken a loan of Rs 18 crore loan, which was later allegedly written-off by New India Cooperative Bank

New India Coop Bank's ex-general manager, Hitesh Mehta, used to call two staffers, instructing them to hand over Rs 50 lakh at a time from the bank's safes to persons he sent, police officials have said. Mehta and real estate developer Dharmesh Paun have been in custody since Sunday in connection with the alleged embezzlement of Rs 122 crore from the bank that was uncovered following an inspection by the Reserve Bank of India. The Economic Offences Wing of the Mumbai police is probing the case. Mehta had access to the bank's safes as he was the custodian. The statements of two bank staffers have been recorded. They have said how they used to give cash to those sent by Mehta. These bank staffers, who are witnesses in the case, have said they handed Rs 50 lakh cash more than once to several persons, the official said on Thursday. The probe so far has found that a former employee of the lender wrote to RBI about the prevailing situation, he said, adding this information is being verif

After the New India Co-op Bank scam exposed a Rs ₹122 crore fraud, the govt is mulling over raising deposit insurance beyond Rs 5 lakh amid rising concerns over financial security