Bank Fraud

Bank fraud: SC grants bail to Amtek Group ex-chairperson in ED case

The Supreme Court on Tuesday granted bail to former Amtek Group chairperson Arvind Dham in a money laundering case related to Rs 27,000 crore bank fraud. A bench of Justices Sanjay Kumar and Alok Aradhe set aside a Delhi High Court order which had denied bail to him. Justice Aradhe, who was sitting in a bench led by Justice PS Narasimha, pronounced the verdict, saying the court has allowed the appeal of Dham in the case. The Delhi High Court had denied bail to Dham on August 19 last year, saying premature release could risk undermining efforts to secure accountability. "With the advancement of technology and Artificial Intelligence, economic offences such as money laundering have emerged as a serious threat to the financial system of the country. These offences pose a significant challenge for investigating agencies, given the complex and intricate nature of the transactions and the involvement of multiple actors," the high court had said. The high court added that a meticulous an

ED's big catch: Textile Tycoon, offshore trusts, a ₹150-Cr London property

ED Attaches Buckingham Palace-Area Property in Massive Indian Bank Fraud

Bank fraud amount rises 30% to ₹21,515 crore in April-September H1FY26

Banking system fraud amount rose to ₹21,515 crore in April-September FY26, up 30 per cent year-on-year, even as the number of cases fell sharply to 5,092

ED raids Delhi, Hyderabad, Jaipur, and Mumbai in ₹70 cr bank fraud case

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

Court takes cognisance against ABG Shipyard in ₹22,000 cr bank fraud case

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 prosecution complaint in Amtek Auto bank fraud case

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

RajivAnand to start with fresh and clean slate at IndusInd Bank: Chairman

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

Datanomics: Bank fraud accounts for 30% of cases investigated by ED

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

SC cancels Dheeraj Wadhawan's bail in DHFL scam, asks surrender in 2 weeks

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

Fugitive wanted in ₹4.55 cr bank fraud case deported from UAE: CBI

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.

ED attaches ₹106.36 cr assets of ex-UCO Bank CMD in bank fraud case

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

Govt asks banks to close inactive accounts opened under PM Jan-Dhan Yojana

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

ED searches 10 places in Delhi-NCR, Punjab in ₹988 crore loan fraud case

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

Banks in need of better security as payment frauds triple in value

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

CBI books Supertech, officials for Rs 126 cr bank fraud, raids premises

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 orders Mehul Choksi to pay ₹2.1 crore for insider trading breach

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 former Uco Bank chairman Subodh Kumar Goel in 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

Will Mehul Choksi be extradited? What the India-Belgium Treaty says

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

ED attaches properties worth Rs 110 crore in Lakhani Group bank fraud case

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

Preity Zinta's loan not in probe: Mumbai Police debunks write-off claim

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