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Monday, November 24, 2025
TopicBank Fraud

Topic: Bank Fraud

Turning point in India’s 8-yr pursuit of Mehul Choksi as Belgian court orders fugitive’s extradition

Choksi can still appeal against extradition to higher court. India has guaranteed Choksi will be kept in humanitarian conditions at par with European human rights laws.

ED restores 354 flats, properties worth Rs 175 cr at Udaipur stalled project to buyers, earns SC praise

The restitution, after a settlement between the agency & the company embroiled in 2016 multi-crore bank fraud case, set to benefit over 200 buyers.

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.

On Camera

DPDP Act will change how we interact with the internet. Get ready for the consent mails

India does not have a data protection regulator to make good on the DPDP Act’s promise and articulate clear future standards.

172 countries & counting, India looks to hit new record in rice exports. But there’s a flip side

The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.

US pilot says his team pulled out of Dubai Air Show after Tejas crash out of respect for IAF pilot

Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.