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Saturday, November 2, 2024
TopicBank Fraud

Topic: Bank Fraud

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.

Amid digital payment boom, 42% Indians faced financial fraud, 74% didn’t get money back

Survey by LocalCircles found that 'bank account frauds' topped the list, followed by 'fraud by eCommerce sites'.

‘Sham loans, fabrication of books’: The Rs 35,000 cr DHFL case, ‘India’s biggest bank fraud’

CBI FIR claims DHFL promoters, in connivance with others, duped a consortium of 17 banks to the tune of Rs 34,615 crore and diverted these funds to entities 'connected to DHFL'.

Ignored lower bids, bought Mumbai building at Rs 100-cr loss — CBI’s charges against J&K Bank

According to FIR, bank purchased property ‘at a high price to confer undue benefit to vendor’, as part of ‘criminal conspiracy’ between its officials & owners of Akruti Gold Builders.

On Camera

Bibek Debroy was an ‘Acharya’ in India’s intellectual history

In the centuries to come, economist Bibek Debroy's Mahabharata will attain the importance we attach to the texts of Shankara, Ramanuja, and Madhvacharya.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.