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Topic: Bank Fraud

File photo of Ratul Puri | Commons

CBI searches premises of Deepak Puri, Ratul Puri in Rs 787.25 cr Moser Baer fraud case

The ED had, in October 2019, filed a chargesheet against Ratul Puri, the nephew of former Madhya Pradesh CM Kamal Nath, in connection with the case.
Mumbai BJP general secretary Mohit Kamboj | Twitter

Mumbai BJP leader booked for Rs 57 crore bank fraud, CBI probe uncovers Bollywood connect

After availing credit limits from bank, a company owned by BJP leader Mohit Kamboj allegedly diverted funds through a web of companies and fabricated documents.
Vijay Mallya

Business tycoon Vijay Mallya appeals against UK court’s extradition order

Vijay Mallya also claimed that ED, CBI have treated him 'unreasonably' and also offered to repay banks 100 per cent of the principal amount owed to them.
A file photo of the CBI headquarters in New Delhi. | Manisha Mondal/ThePrint

CBI raids 169 locations in 35 public sector bank fraud cases involving Rs 7,000 crore

The cases pertain to SBI, PNB, Andhra Bank, OBC, IOB, Allahabad Bank, Canara Bank, Dena Bank, Punjab and Sind Bank and Bank of India among other banks, CBI said.
Ratul Puri | ANI twitter

CBI books Ratul Puri in Rs 354 crore bank fraud case

Ratul Puri's father Deepak Puri & mother Nita Puri have also been booked for alleged criminal conspiracy, cheating, forgery & corruption.

ED moves court against Sterling Biotech promoters in Rs 8,100-cr bank loan fraud

ED files plea before a special court calling for Sterling Biotech group promoters to be declared as fugitives.

ED files 5th chargesheet in Sandesara fraud but no mention of CBI No. 2 Asthana so far

Rakesh Asthana’s name appeared in the Sterling Biotech diaries seized in 2011, but it has not been mentioned in five prosecution complaints filed so far.
An ED team raiding the Viviana Mall in Thane | PTI photo

Nirav Modi needn’t worry. ED has a terrible record nailing money laundering

Under money laundering Act, Enforcement Directorate has 3 convictions in 13 years — involving amounts from Rs 4 crore to Rs 3 lakh. 

After Mallya, Lalit & Nirav Modi, new billionaires on fugitive row — Sandesaras of Gujarat

ED, CBI booked the Sandesaras in a Rs 5,000-crore bank fraud case, which is also linked to a CBI turf war involving two top officers.
Mehul Choksi

A 2016 affidavit filed in Gujarat HC had warned about Mehul Choksi’s escape from India

The affidavit says Choksi is a "most intelligent and powerful influential identity and has hired a whole legal team for the purpose of doing systematic fraud".

On Camera

Indians are done with Arnab, Rajdeep and Anjana. Prefer MSD, Kohli and IPL over TV news drug

Where the news has become a never-ending soap opera, the IPL is like an action film with hits and misses, spills and thrills — and moments of pure joy too.
Farmers put wheat crop through a crusher in Uttar Pradesh | Photo: Samyak Pandey | ThePrint

Modi’s farm bills gamble is risky, but it was about time and is still worth it

Expected 20-fold growth in online grocery sales is surest shot to end status quo, provided farmers can unite & hold their own in talks with aggregators.


Indian pilots climb out of a Rafale fighter jet that was operationally inducted into the IAF on 10 September 2020 | Photo: Praveen Jain | ThePrint

CAG report flags vendors’ ‘dilly-dallying’ on offsets deals, cites Rafale as example

The CAG made the observations in its latest report, which was tabled in Parliament Wednesday.
Illustration: Soham Sen | ThePrint

Suspect all, fix all? Is that the motto of our new ‘National Suspicion State’?

It’s not just Modi government or BJP, but even state governments, judiciary are getting caught in a ‘we suspect all’ mindset. Is India becoming a National Suspicion State?