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Sunday, March 17, 2024
TopicBank Fraud

Topic: Bank Fraud

‘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.

CBI unable to file over 100 high-value bank fraud cases since 8 states withdrew probe consent

The eight states that haven’t given consent for the CBI to probe cases on their turf are Maharashtra, Punjab, Rajasthan, West Bengal, Jharkhand, Chhattisgarh, Kerala, and Mizoram.

On Camera

Intelligence services can become enemies of India’s law. Bring judicial, legislative oversight

Police in Telangana arrested police officer Dugyala Praneeth Kumar, who is suspected of having carried out espionage against opposition leaders during the Bharat Rashtra Samiti government.

Complaints to RBI ombudsman up 68% in FY23, banks biggest cause for customer grievances

Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.

All about dramatic ops by India on high seas that led to arrest of 35 pirates, rescue of 17 hostages

The former Maltese-flagged merchant vessel Ruen was originally hijacked on 14 December last year by the pirates and was being used as a mother ship.

CAA comes not with a bang, but with a whimper. Without NRC, it will fade into academic debate

For BJP, CAA was strategic move that did not quite work out because those it would benefit could’ve been accommodated under existing laws, and new entrants would remain excluded.