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Wednesday, September 3, 2025
TopicBank Fraud

Topic: Bank Fraud

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

How Rajasthan bank employee ‘duped’ 41 villagers of Rs 4.5 cr over 3 yrs, to fuel ‘stock trading addiction’

Sakshi Gupta, 26, a relationship manager at ICICI Bank’s Kota branch, turned financial inexperience of her mostly elderly customers into personal opportunity. She's now in judicial custody.

ED arrests ex-chairman of Karnataka co-op bank in Rs 63 crore fraud case

According to ED, large-scale misappropriation of funds was orchestrated at the said branch, primarily by the branch manager, B Shobha, on the instructions of R M Manjunatha Gowda.

ED raids TN minister KN Nehru, his MP son in Rs 30 crore bank loan fraud case linked to family firm

Searches on at various places belonging to minister & his relatives in Chennai & Trichy. Real estate firm True Value Homes is in focus of ED action.

Haryana Congress MLA & Hooda confidant Rao Dan Singh under ED scanner. What’s the case about

Central agency has raided premises linked to the 4-time Congress MLA in connection with an alleged fraud of Rs 1,392.86 crore.

‘Diversion, siphoning off Rs 538 cr’ — CBI & ED probes against Jet Airways founder Naresh Goyal, others

Investigations are based on complaint that Goyal & others caused wrongful loss to Canara Bank. ED, probing money laundering case, arrested Goyal Friday.

ED arrests Jet Airways founder Naresh Goyal in Rs 538 crore money laundering case

FIR was lodged on Canara Bank’s complaint alleging that it sanctioned credit limits and loans to Jet Airways (India) Ltd to tune of Rs 848.86 cr of which Rs 538.62 cr is outstanding.

‘Misappropriation of funds’ — CBI raids Jet Airways office, Naresh Goyal’s home in Rs 538-cr bank fraud case

FIR lodged on complaint by Canara Bank chief general manager names founder Naresh Goyal, his wife Anita, Gaurang Ananda Shetty, Jet Airways, and refers to unknown public servants.

How Gogoi-led bench’s 2016 ruling enabled ICICI ex-CEO Kochhar’s arrest — ‘pvt bank, public servant’

Supreme Court had ruled that the managing director and chair of a private bank are 'public servants' under the provisions of the Prevention of Corruption Act, 1988.

How a rural bank fraud scandal in China led to protest against Xi Jinping’s security machine

Thousands lost access to their savings in a bank fraud case run by rural lenders in two Chinese provinces. Protests were met with violence & WeChat surveillance by the Communist Party.

On Camera

Chinese memes, videos & commentaries say Modi overshadowed other leaders at SCO

On Douyin, many videos highlighted how Modi was all smiles during his China visit. Others focused on his handholding with Putin and Trump’s supposed irritation.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.