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Thursday, August 14, 2025
TopicBank Fraud

Topic: Bank Fraud

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.

Bogus SMSes, victims cheated of over Rs 1 cr, 65 arrests — how Delhi cops blew lid off ‘BSES scam’

Operational for six months, the syndicate behind 'scam' used four methods — selling/providing SIM cards, providing dummy accounts, scamming via tele-callers, and E-Mitra associates.

On Camera

India’s land acquisition disputes have a way out. Both Japan and Gujarat have used it

India’s archaic land laws fuel delays, cost overruns and gridlock in everything from highways to housing. Something has to give.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.