CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case
2 years, 6 months ago

CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case

News 18  

The Central Bureau of Investigation, or CBI has filed a new case against DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, officials said on Wednesday, June 22. The case has been registered against the two Dewan Housing Finance Corporation Ltd or DHFL promoters for cheating a consortium of 17 banks led by the Union Bank of India to the tune of Rs 34,615 crore, the officials added. The agency booked the Dewan Housing Finance Corporation Ltd, Kapil Wadhawan, the then CMD, Dheeraj Wadhawan, the director and six realtor companies for allegedly being part of criminal conspiracy to cheating the consortium led by the Union Bank of India to the tune of Rs 34,615 crore, the officials said. Last year, public sector lender Union Bank of India had written to the CBI urging it to investigate the Wadhawan brothers, who were the joint directors of DHFL, for allegedly causing a loss of Rs 40,623.36 crore to the consortium of banks led by it.

Bank Case Officials Crore Cbi Kapil Kpmg Wadhawan Dhfl Dheeraj Wadhawan Dhfl Promoters  crore  kapil  officials  union  wadhawan  dhfls  dhfl  books  rs  cbi  india  fraud  bank  dheeraj  case

History of this topic

CBI arrests advocate of bank for demanding bribe of ₹1.70 lakh
1 week, 6 days ago

CBI arrests advocate of bank for demanding bribe of ₹1.70 lakh

Hindustan Times  

Central Bureau of Investigation has arrested an advocate who is a member of the panel of Indian Bank, Kolhapur for demanding and accepting a bribe of ₹1.70 lakh from the complainant, the probe agency said on Tuesday. CBI conducted searches at the residential and official premises of the accused at Ichalkaranji which led to recovery of incriminating documents, said officials. …

CBI books six in home loan fraud in Chennai; says developer inflated valuation
2 weeks, 6 days ago

CBI books six in home loan fraud in Chennai; says developer inflated valuation

New Indian Express  

CHENNAI: CBI anti-corruption bureau on Wednesday held searches in Tambaram related to a fraud case filed against six people, including an NRI, for duping SBI and diverted sanctioned home loans worth Rs 3.67 crore, which later became non-performing assets. According to FIR, CBI named P Arivalagan, director of Atchaya Royal Infrastructure, as first accused and B Jayachandran, Suryanarayanan, D Santosh, …

Cyber fraud case: CBI raids 10 places in Delhi, Gurugram following complaint by I4C
Trending News
3 weeks ago

Cyber fraud case: CBI raids 10 places in Delhi, Gurugram following complaint by I4C

New Indian Express  

NEW DELHI: The Central Bureau of Investigation on Wednesday conducted searches at 10 locations across Delhi and its adjoining areas in connection with its probe into a case linked to cyber fraud involving embezzlement of Rs 117 crore, officials said. A senior CBI official said, “The investigation so far has revealed that fraudsters operating from overseas use digital platforms such …

RG Kar: Court refrains to accept CBI chargesheet against Sandip Ghosh in financial irregularities case
Top News
3 weeks, 4 days ago

RG Kar: Court refrains to accept CBI chargesheet against Sandip Ghosh in financial irregularities case

India TV News  

The Central Bureau of Investigation on Friday filed a chargesheet in connection with the RG Kar Hospital financial irregularities and named former principal of the medical establishment Sandip Ghosh as the prime accused, an official said. The official said, "Apart from Ghosh, the chargesheet includes the names of the other four arrested accused - Biplab Singh, Afsar Ali, Suman Hazra …

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd
3 weeks, 6 days ago

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd

Deccan Chronicle  

New Delhi: The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act, the sources said. …

Karnataka man loses ₹1.7 crore to fraudsters posing as CBI, TRAI officials: Report
1 month ago

Karnataka man loses ₹1.7 crore to fraudsters posing as CBI, TRAI officials: Report

Hindustan Times  

A Karnataka resident lost ₹1.7 crore in an elaborate online scam where fraudsters posed as officials from the Central Bureau of Investigation and Telecom Regulatory Authority of India, Deccan Herald reported. Police have registered a case and launched an investigation into the fraud As per the report, the ordeal began on November 11 when the victim received a call from …

Bitcoin Scam Case: CBI Summons Gaurav Mehta, Names 2 Accused In FIR Amid ED Raids, Maharashtra ‘Audio Clips’ Row
1 month ago

Bitcoin Scam Case: CBI Summons Gaurav Mehta, Names 2 Accused In FIR Amid ED Raids, Maharashtra ‘Audio Clips’ Row

ABP News  

Gain Bitcoin Scam Case: The Enforcement Directorate and the Central Bureau of Investigation intensified their investigations into the alleged Bitcoin Ponzi scam involving Gaurav Mehta on Wednesday, following the Bharatiya Janata Party's explosive claims against Congress and NCP leaders. The CBI on Wednesday summoned Gaurav Mehta to appear before it as soon as possible in connection with the Rs 6,600-crore …

CBI registers FIR to initiate probe into alleged Maharashtra ‘bitcoin scam’
1 month ago

CBI registers FIR to initiate probe into alleged Maharashtra ‘bitcoin scam’

New Indian Express  

NEW DELHI: The CBI on Wednesday registered an FIR naming six persons as accused and began its probe into an alleged Maharashtra ‘bitcoin scam’ case amounting to Rs 6,600 crore and called one among them for questioning, officials said. The CBI has alleged that two accused - Amit Bharadwaj and Ajay Bharadwaj – were the mastermind in the case and …

Maharashtra bitcoin scam: CBI files case against Amit Bhardwaj and Ajay Bhardwaj amid ED raids in Raipur
1 month ago

Maharashtra bitcoin scam: CBI files case against Amit Bhardwaj and Ajay Bhardwaj amid ED raids in Raipur

India TV News  

Maharashtra bitcoin scam: The Central Bureau of Investigation on Wednesday filed a case against Amit Bhardwaj and Ajay Bhardwaj - accused in the Bitcoin Sam case. The matter took centerstage after former IPS officer from Pune Ravindranath Patil made an allegation against Sule and Patole over their alleged role in misappropriately using bitcoins from a 2018 cryptocurrency fraud case to …

Bank chairman and ex official denied bail in ₹494 crore co-op bank fraud case
1 month, 1 week ago

Bank chairman and ex official denied bail in ₹494 crore co-op bank fraud case

Hindustan Times  

Mumbai: A special Prevention of Money Laundering Act court has rejected the bail pleas of Anil Bhosale, chairman of Shivajirao Bhosale Cooperative Bank, and Mangaldas Vittahlrao Bandal, former chairman of Pune Zilla Parishad, in connection with an alleged ₹494 crore bank fraud case in Pune. The prosecution, opposing Bhosale's bail plea, argued that as chairman and promoter, he was the …

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam
2 months, 1 week ago

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam

The Hindu  

Central Bureau of Investigation (CBI) has booked an IPS officer named Bhagyashree Navtake for forgery and criminal conspiracy in a ₹1,200 crore scam probe. The CBI investigation found instances of forgery, including registering three cases under one crime in a single day and obtaining complainants’ signatures without their presence. The case was filed based on a CID report highlighting procedural …

Bank fraud case: ED attaches ₹44 cr assets of Cong MLA
2 months, 4 weeks ago

Bank fraud case: ED attaches ₹44 cr assets of Cong MLA

Hindustan Times  

The Enforcement Directorate on Thursday said it has attached assets worth more than ₹44 crore of entities linked to Congress MLA Rao Dan Singh, his son and some others as part of a money laundering investigation. The attachment includes 31 flats in Coban Residency, Sector 99A of Gurugram, and 2.25 acre land in Harsaru village of “entities belonging” to Rao …

Two held for defrauding Noida authority of ₹3.9 cr in 2023 FD scam
3 months, 1 week ago

Two held for defrauding Noida authority of ₹3.9 cr in 2023 FD scam

Hindustan Times  

The Noida Police have arrested two people, including the mastermind, for allegedly defrauding the Noida authority of ₹3.9 crore in 2023 during a fixed deposit scam, officers said on Saturday. On June 30, 2023, posing as an accounts officer from the Noida authority’s finance department, a conman allegedly transferred ₹3.90 crore from the authority’s bank account to various other accounts, …

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL
3 months, 1 week ago

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL

Hindustan Times  

MUMBAI: The Mumbai zonal unit of the Enforcement Directorate has provisionally attached movable and immovable assets worth ₹43.52 crore as part of its money-laundering investigation related to a ₹1,438.45 crore bank loan default case involving metal trading company Ushdev International Limited and others. The loan funds granted to Mumbai-headquartered UIL were allegedly diverted to different entities in the “guise of …

ED conducts search operations in Nagpur, Kolkata, Vishakhapatnam in ₹4,000 crore bank loan fraud case
4 months, 1 week ago

ED conducts search operations in Nagpur, Kolkata, Vishakhapatnam in ₹4,000 crore bank loan fraud case

The Hindu  

The Enforcement Directorate’s Nagpur sub-zonal office carried out three days of search operations from August 12 to August 14 at 14 official and residential premises in Nagpur, Kolkata, and Vishakhapatnam as part of a money laundering investigation. ED officials said on Wednesday they are investigating a bank loan fraud by M/s Corporate Power Limited and its promoters and directors: Manoj …

ED raids Haryana Congress MLA Rao Dan Singh in bank loan fraud case
5 months ago

ED raids Haryana Congress MLA Rao Dan Singh in bank loan fraud case

Hindustan Times  

The Enforcement Directorate on Thursday searched the premises of Mahendragarh Congress MLA Rao Dan Singh, a metal fabricating company and its promoters as part of a money-laundering probe linked to an alleged ₹1,392-crore worth bank loan fraud case, official sources said. A security personnel stands guard outside the residence Haryana Congress MLA Rao Dan Singh in Sector 17, Gurugram, where …

FIR against former CEO of Waqf Board for misappropriating funds
5 months, 1 week ago

FIR against former CEO of Waqf Board for misappropriating funds

The Hindu  

The High Grounds police have registered a case of criminal breach of trust against the former CEO of the Waqf Board for allegedly misappropriating funds eight years ago. Based on the government order dated June 12, Mir Ahmed Abbas, Chief Accounts officer, filed a complaint based on which an FIR has been registered against Zulfiqarulla, 62, charging him under section …

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case
5 months, 3 weeks ago

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case

Hindustan Times  

Fugitive businessman Vijay Mallya is now facing a fresh legal action by the Central Bureau of Investigation as a special CBI court issued a non-bailable warrant against him in the ₹180-crore loan default case linked to Indian Overseas Bank. Fugitive businessman Vijay Mallya The CBI, in its warrant, said the now-defunct Kingfisher Airlines promoter caused a wrongful loss of ₹180 …

Wave of financial fraud cases hits Chandigarh
5 months, 3 weeks ago

Wave of financial fraud cases hits Chandigarh

Hindustan Times  

The city has recorded a spate of financial fraud cases recently, with multiple FIRs being filed across various police stations. Ravi Kumar from Maloya Colony complained that Ashish, Vivek, Vikram and Sumit Chauhan took money from him by falsely promising him a job as a peon in the Chandigarh municipal corporation. Praween Kumar, chief manager at Indian Bank, Sector 17-B, …

Indians report nearly 800 online financial fraud cases a day, are you protected? Report
5 months, 4 weeks ago

Indians report nearly 800 online financial fraud cases a day, are you protected? Report

Hindustan Times  

Nearly 800 online financial frauds are reported in India every day, the Times of India reported. While the Reserve Bank of India had reported 29,082 card & digital payment fraud cases with each worth above ₹1 lakh in the financial year 2023-24, the actual number goes up to about 2.9 lakh cases for the year, or 800 cases a day, …

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case
6 months ago

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case

The Hindu  

Bank and demat account deposits apart from cash worth about ₹37 crore has been seized by the Enforcement Directorate as part of a money-laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of ₹600 crore through a Ponzi scheme. The Enforcement Directorate case of money-laundering stems from a Mumbai Police FIR that …

CBI takes up probe into Valmiki corporation’s financial fraud: Parameshwara
6 months, 2 weeks ago

CBI takes up probe into Valmiki corporation’s financial fraud: Parameshwara

The Hindu  

Home Minister G. Parameshwara has said that the Central Bureau of Investigation has taken up a probe into the alleged multi-crore illegal diversion of money involving State-run Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd. Mumbai-headquartered Union Bank of India last week filed a complaint with the CBI in connection with the embezzlement of public money of the corporation involving …

SIT to Probe Rs 87 Crore Fraud in Karnataka Tribal Corporation Bank
6 months, 3 weeks ago

SIT to Probe Rs 87 Crore Fraud in Karnataka Tribal Corporation Bank

Deccan Chronicle  

Bengaluru: The State Government on Friday constituted a Special Investigation Team under Criminal Investigation Department to investigate the alleged fraudulent transactions in the accounts of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited, a Government of Karnataka undertaking, in Union Bank of India, M.G. The SIT investigation into the alleged fraudulent bank transactions in Maharshi Valmiki Scheduled Tribes Development Corporation …

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation
7 months, 1 week ago

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation

India TV News  

The Central Bureau of Investigation made a significant breakthrough on Tuesday as it apprehended Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud probe. SEBI's actions In February of this year, the Securities Exchange Board of India took action by ordering the attachment of bank accounts, shares, and mutual fund holdings belonging to former DHFL promoters Dheeraj …

CBI Arrests Dheerj Wadhawan In Rs 34,000 Crore DHFL Bank Fraud
7 months, 1 week ago

CBI Arrests Dheerj Wadhawan In Rs 34,000 Crore DHFL Bank Fraud

News 18  

The Central Bureau of Investigation on Tuesday arrested former DHFL Director Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud. In the meanwhile, Dheeraj Wadhawan got interim bail in a separate matter on medical grounds from the Bombay High Court as he was admitted at the Lilavati Hospital for treatment. The agency in its charge sheet has …

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud
7 months, 1 week ago

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud

Hindustan Times  

The Central Bureau of Investigation has arrested Dheeraj Wadhawan, promoter of Dewan Housing Finance Ltd, in connection with the ₹35,000 crore fraud with a consortium of 17 banks led by Union Bank of India, people familiar with the development said. The Wadhawan brothers were arrested by CBI on July 19, 2022, but on December 3 same year, a trial court …

DHFL scam: Dheeraj Wadhawan arrested in ₹34,000-crore bank fraud
7 months, 1 week ago

DHFL scam: Dheeraj Wadhawan arrested in ₹34,000-crore bank fraud

The Hindu  

The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of ₹34,000 crore, officials said on May 14. In the meanwhile, Dheeraj Wadhawan got interim bail in a separate matter on medical grounds from the Bombay High Court as he was admitted at the Lilavati Hospital …

DHFL scam: CBI arrests director Dheeraj Wadhawan in ₹34,000- crore bank fraud case
7 months, 1 week ago

DHFL scam: CBI arrests director Dheeraj Wadhawan in ₹34,000- crore bank fraud case

Live Mint  

The Central Bureau of Investigation arrested former DHFL director Dheeraj Wadhawan in connection with a ₹34,000-crore bank fraud case, officials were quoted as saying on Tuesday. In February this year, the Securities and Exchange Board of India directed the attachment of bank accounts, shares, and mutual fund holdings belonging to former DHFL promoters Dheeraj and Kapil Wadhawan to reclaim dues …

HPZ token app: 76 entities, their 10 Chinese directors under ED scanner
7 months, 3 weeks ago

HPZ token app: 76 entities, their 10 Chinese directors under ED scanner

Hindustan Times  

MUMBAI: The money laundering investigation by the Enforcement Directorate into the alleged bitcoin mining fraud scheme via the HPZ token app — which allegedly involves misleading the public into investing in non-existent cryptocurrency mining machines — has revealed the role of 76 Chinese-controlled entities and 10 Chinese directors in the case. The agency’s investigation has revealed the alleged role of …

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case
9 months, 1 week ago

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case

The Hindu  

The Enforcement Directorate, Mumbai, on Saturday said that they have provisionally attached immovable properties consisting of 2nd, 3rd, 4th and 5th floor of Hotel One Continent at King Koti Road, Sultan Bajaar, Abids, Hyderabad, to the extent of ₹43.84 crore under the provisions of Prevention of Money Laundering Act, 2002, in loan fraud case of the Punjab and Maharashtra Cooperative …

CBI takes over probe into ₹1.86 cr fraud by investment firm
10 months, 3 weeks ago

CBI takes over probe into ₹1.86 cr fraud by investment firm

Hindustan Times  

MUMBAI: The Central Bureau of Investigation has taken over investigation in two cases of alleged fraud worth ₹1.86 crore by High Brow Market Research Investment Adviser Pvt Ltd, an Indore-based market research consultancy and investment firm. The complainant alleged that from January 2018 to July 2018, he transferred funds worth ₹1.61 crore to the bank account of High Brow Market …

SC cancels Wadhawan brothers bail in bank loan scam case
11 months ago

SC cancels Wadhawan brothers bail in bank loan scam case

Hindustan Times  

The Supreme Court on Wednesday cancelled the statutory bail granted to former Dewan Housing Finance Corporation Limited promoters Kapil Wadhawan and his brother, Dheeraj, in a multi-crore bank loan scam case. An accused is entitled to statutory bail under the Code of Criminal Procedure if the probe agency fails to file a charge sheet after the probe in a criminal …

₹130-crore bank fraud : CBI court frames charges
1 year ago

₹130-crore bank fraud : CBI court frames charges

Hindustan Times  

A special CBI court has framed charges against five of the six accused in the alleged ₹130-crore bank fraud from 2020. An FIR into the matter was lodged in January 2020 on a complaint by chief manager, large corporate branch, PNB, Sector 17, Chandigarh. Charges have been framed against two bank officials, Ravi Rashmi Dhar, the then DGM of Punjab …

Enough material against Naresh Goyal to process money laundering case: Court
1 year, 1 month ago

Enough material against Naresh Goyal to process money laundering case: Court

India Today  

A special court in Mumbai said on Friday that there was sufficient material to "prima facie establish the involvement" of Jet Airways founder Naresh Goyal and his wife in a money laundering case linked to an alleged bank fraud of Rs 538 crore. "The materials accompanying the Prosecution Complaint prima facie indicate how the proceeds of crime were generated through …

Chargesheet filed against Naresh Goyal in Rs 538 crore bank fraud case
1 year, 1 month ago

Chargesheet filed against Naresh Goyal in Rs 538 crore bank fraud case

India Today  

The Enforcement Directorate on Tuesday filed a chargesheet against Jet Airways founder Naresh Goyal and five others in connection with the Rs 538 crore Canara Bank fraud case. Canara Bank had accused Naresh Goyal of cheating, criminal conspiracy, criminal breach of trust and criminal misconduct. The case against Goyal was registered on May 10, 2023 by the ED on a …

ED attaches DHFL promoters’ assets worth ₹70 cr
1 year, 1 month ago

ED attaches DHFL promoters’ assets worth ₹70 cr

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹70.39 crore belonging to the former promoters of Dewan Housing Finance Limited, Kapil Wadhawan and Dheeraj Wadhawan. HT Image The attached assets are in the form of paintings and sculpture worth ₹28.58 crore, watches worth ₹5 crore, diamond jewellery worth ₹10.71 crore, 20% stake in a helicopter worth ₹9 crore and two …

Chandigarh: Charges framed against nine accused
1 year, 2 months ago

Chandigarh: Charges framed against nine accused

Hindustan Times  

The special court of CBI has farmed charges against nine accused in a 2019 bank fraud case, wherein a bank was cheated of ₹3.7 crores. The case was registered by CBI on the basis of a written complaint in September 2019 by Jagannadan Ganesan, chief regional manager of Indian Overseas Bank, Regional Office, Chandigarh. It case was registered against accused …

CBI searches premises of firm in ₹3,847.58-crore cheating case
1 year, 3 months ago

CBI searches premises of firm in ₹3,847.58-crore cheating case

Hindustan Times  

The Central Bureau of Investigation on Saturday carried out searches at four premises linked to a city-based firm and four of its promoters, who are accused of cheating a consortium of banks, led by State Bank of India, of ₹3,847.58 crore. The bank has alleged that the firm, Unity Infraprojects Limited, allegedly diverted the loan money it had obtained from …

Yes Bank - DHFL loan fraud: Court denies temporary bail to builder Sanjay Chhabaria; only allows visit to ailing mother
1 year, 3 months ago

Yes Bank - DHFL loan fraud: Court denies temporary bail to builder Sanjay Chhabaria; only allows visit to ailing mother

Hindustan Times  

MUMBAI: The special PMLA court on Friday refused to grant interim bail to builder Sanjay Chhabaria to attend to his ailing mother who has been diagnosed with cancer. HT Image Chhabaria, booked for money laundering in connection with Yes Bank - DHFL loan fraud case had approached the court for temporary bail pleading that his 79-year-old mother had been diagnosed …

ED arrests Jet Airways founder Naresh Goyal in bank fraud case
1 year, 3 months ago

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank, official sources said. The money laundering case stems from an FIR of the Central Bureau of Investigation against Jet Airways, Goyal, his wife Anita and some former company …

ED arrests Jet Airways founder Naresh Goyal in bank fraud case
1 year, 3 months ago

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

Hindustan Times  

The Enforcement Directorate on Friday arrested Naresh Goyal, founder of the grounded private airline, Jet Airways, after questioning him for several hours as part of its money-laundering investigation related to an alleged bank fraud of around ₹538.62 crore. The case, registered under sections of the Indian Penal Code and Prevention of Corruption Act, related to the alleged offences of cheating, …

Construction firm booked by CBI for cheating bank of ₹91.92 crore
1 year, 4 months ago

Construction firm booked by CBI for cheating bank of ₹91.92 crore

Hindustan Times  

The Central Bureau of Investigation has booked a construction company and its directors for allegedly duping Union Bank of India to the tune of ₹91.92 crore. In 2009, the company had obtained various credit facilities from the bank which were renewed and enhanced from time to time and the last credit facility was sanctioned/enhanced to ₹95 crore in 2013, the …

CBI registers five corruption cases against Military Engineering Services officers
1 year, 5 months ago

CBI registers five corruption cases against Military Engineering Services officers

The Hindu  

The Central Bureau of Investigation has registered five cases against several officers of the Military Engineering Services, posted in Madhya Pradesh’s Jabalpur, for allegedly “extending favours to some companies” in the grant of work contracts that were never executed, but over ₹16 crore was paid to them. The agency has alleged that the former Garrison Engineer awarded 59 contracts to …

Two private firms, its directors booked for duping bank of ₹16.85 crore
1 year, 5 months ago

Two private firms, its directors booked for duping bank of ₹16.85 crore

Hindustan Times  

Mumbai: Two private firms, along with four other persons, have been booked recently for allegedly cheating Union Bank of India of ₹16.85 crore after diverting the sanctioned credit facilities to the borrower. HT Image According to the Central Bureau of Investigation, the loan account of the private venture – a Nagpur-based poultry firm – was classified as a Non-Performing Asset …

Videocon loan fraud case: Enough material to proceed against accused, says court
1 year, 5 months ago

Videocon loan fraud case: Enough material to proceed against accused, says court

Hindustan Times  

While taking cognizance of the charge sheet filed by the Central Bureau of Investigation against Chanda Kochhar, former managing director and chief executive officer of ICICI Bank, and others, the special CBI court has observed that the loan given to Videocon group companies were in violation of the Reserve Bank of India circular and there was enough material to proceed …

Yes Bank-DHFL loan fraud case: Court allows Dheeraj Wadhawan to receive treatment at pvt hospital
1 year, 5 months ago

Yes Bank-DHFL loan fraud case: Court allows Dheeraj Wadhawan to receive treatment at pvt hospital

Hindustan Times  

MUMBAI: A special court hearing the Yes Bank - DHFL loan fraud case has allowed Dewan Housing Finance Corporation Ltd promoter Dheeraj Wadhawan to receive treatment for his heart-related ailments at Lilavati Hospital. The Wadhawan brothers were first arrested by the Central Bureau of Investigation in connection with the Yes Bank - DHFL fraud on April 26, 2020, and have …

CBI books Delhi firm for cheating Union Bank of India of Rs 46 crore
1 year, 5 months ago

CBI books Delhi firm for cheating Union Bank of India of Rs 46 crore

India TV News  

The Central Bureau of Investigation filed an FIR against Delhi-based company Horizon Solution for allegedly cheating Union Bank of India to the tune of over Rs 46 crore in a loan fraud, officials said on Friday. The CBI has booked the East of Kailash-based company, its proprietor Zeba Urfi and guarantor Zaib Un Nisa on charges of criminal conspiracy, cheating, …

Bank fraud case: ED attaches properties worth ₹24.94 cr of Ludhiana-based firm
1 year, 5 months ago

Bank fraud case: ED attaches properties worth ₹24.94 cr of Ludhiana-based firm

Hindustan Times  

Directorate of Enforcement has provisionally attached properties worth ₹24.94 crore of director of Ludhiana-based Pure Milk Products Private Limited Charanjit Singh Bajaj and guarantor Gurdeep Kaur in connection with a bank fraud case. The properties attached include land and building of the firm situated at village Alamgir, Malerkotla Road in Ludhiana and various immovable properties in the name of both …

Ex-ICICI Bank CEO Chanda Kochhar got Rs 64 crore illegal gratification: CBI
1 year, 5 months ago

Ex-ICICI Bank CEO Chanda Kochhar got Rs 64 crore illegal gratification: CBI

India Today  

The Central Bureau of Investigation asked the Bombay High Court to take cognisance of its charge sheet, claiming that former ICICI Bank CEO and MD Chanda Kochhar "misappropriated the bank's funds for her own use" and got Rs 64 crore as "illegal gratification". The central probe agency said the amount was transferred through a complex structure involving various companies of …

CBI registers case against IL&FS subsidiary for defrauding 19 banks of Rs 6,524 cr
1 year, 6 months ago

CBI registers case against IL&FS subsidiary for defrauding 19 banks of Rs 6,524 cr

India TV News  

New Delhi: The Central Bureau of Investigation has filed a case against IL&FS Transportation Network Ltd and its directors for allegedly defrauding 19 banks of Rs 6,524 crore between 2016 and 2018, officials said on Friday. The accused persons are white colour criminals and very well know the intricacies of the law and know to save themselves from the clutches …

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