CBI Books DHFL For Allegedly Creating 2.60 Lakh Fictitious Home-loan Accounts
3 years, 9 months ago

CBI Books DHFL For Allegedly Creating 2.60 Lakh Fictitious Home-loan Accounts

News 18  

The CBI has booked the DHFL and its directors for allegedly creating over 2.60 lakh fictitious home-loan accounts, some of which were used to claim interest subsidies in the Pradhan Mantri Awas Yojna, officials said on Wednesday. Promoters Kapil and Dheeraj Wadhawan, both booked along with the company, allegedly opened a fictitious branch of the DHFL in Bandra and fake accounts worth Rs 14,046 crore of home-loan borrowers, who had already repaid their loans, were entered in the database, they said. A total of 2.60 lakh “fake and fictitious” home-loan accounts were created in the non-existent branch from 2007-19 for total loan worth Rs 14,046 crore, out of which Rs 11,755.79 crore were deposited or routed to several fictitious firms known as Bandra Book firms, according to the FIR. Several of these bogus loan accounts were allegedly opened in the PMAY to claim interest subsidies from the National Housing Bank in connivance with its officials, they said.

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History of this topic

CBI books six in home loan fraud in Chennai; says developer inflated valuation
2 weeks, 5 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, …

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. …

₹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 …

8,231 online false job promise cases reported in Karnataka since 2020
5 months ago

8,231 online false job promise cases reported in Karnataka since 2020

The Hindu  

A total of 8,231 cases of online false job promises has been reported in Karnataka since 2020, cheating people of a whopping ₹566.97 crore of which just about ₹69.4 crore has been recovered. While 394 cases involving ₹5.67 crore was reported in 2020, it has seen a jump in 2023 with people losing ₹347.7 crore in 4,470 cases. The government …

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 …

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 …

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 …

Accused in Karuvannur bank scam benami of MLA and ex-MP, ED tells PMLA court
1 year, 3 months ago

Accused in Karuvannur bank scam benami of MLA and ex-MP, ED tells PMLA court

The Hindu  

The Enforcement Directorate on Friday told the Special Prevention of Money Laundering Act court here that Satheesh Kumar P., who was arrested in connection with the multi-crore Karuvannur Cooperative Bank scam, was a benami of a former MP, a sitting MLA and high-ranking police officers. The ED investigating team said in its remand report that the forensic examination of Mr. …

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 …

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 …

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 …

CBI books Raigad-based firm for ₹1,017.93-crore loss to bank consortium
1 year, 7 months ago

CBI books Raigad-based firm for ₹1,017.93-crore loss to bank consortium

Hindustan Times  

Mumbai: The Central Bureau of Investigation recently registered a case against a Raigad-based steel processing firm and its directors for allegedly causing a loss of ₹1,017.93 crore to a State Bank of India -led bank consortium in the form of unpaid loans. The SBI, which is the complainant in the case, alleged that the firm had siphoned off a portion …

7 booked for taking loans of ₹1.33 cr on fake LIC policies
1 year, 8 months ago

7 booked for taking loans of ₹1.33 cr on fake LIC policies

Hindustan Times  

Mumbai: Seven people were booked on Saturday for allegedly cheating Punjab & Sind Bank of ₹1.33 crore after taking five-term loans by mortgaging fake Life Insurance Corporation policies. When the borrowers were traced, they said that the two female agents had told them they were taking small loan amounts. The two agents had also told them they needed the loan …

ICICI Bank loan fraud case: CBI files charge sheet against Kochhars, Dhoot
1 year, 8 months ago

ICICI Bank loan fraud case: CBI files charge sheet against Kochhars, Dhoot

Hindustan Times  

The Central Bureau of Investigation last week filed a charge sheet against former ICICI Bank managing director Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and six others in connection with quid-pro-quo loans granted by ICICI Bank to some Videocon Group entities in return for Dhoot’s investment in Deepak Kochhar’s company. Chanda Kochhar and Deepak Kochhar are …

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI
1 year, 9 months ago

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI

Live Mint  

Vijay Mallya bought properties worth ₹330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron, the CBI has claimed in its supplementary chargesheet filed in a court here. Mallya is an accused in the alleged over ₹900 …

CBI seizes ₹94 lakh cash in connection with cases related to illegal remittances sent to Hong Kong
1 year, 11 months ago

CBI seizes ₹94 lakh cash in connection with cases related to illegal remittances sent to Hong Kong

The Hindu  

The Central Bureau of Investigation has seized ₹94 lakh cash during searches at 18 locations in connection with three ongoing cases related to illegal remittances worth over ₹155 crore sent to Hong Kong camouflaged as payments for fake imports during 2014-16, officials said. The Central Bureau of Investigation is probing three cases related to foreign exchange remitted abroad by nine …

ICICI loan fraud case: Court extends CBI custody of Kochhars, Venugopal Dhoot
1 year, 11 months ago

ICICI loan fraud case: Court extends CBI custody of Kochhars, Venugopal Dhoot

Deccan Chronicle  

New Delhi: The Central Bureau of Investigation court on Wednesday granted two days more of custody to the CBI of three accused -Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot- in the alleged ICICI bank-Videocon money laundering case. In the alleged fraud case, CBI had sought custody of Videocon chairman Venugopal Dhoot, Former Managing Director and CEO of ICICI bank Chanda …

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case
2 years ago

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case

Op India  

The Central Bureau of Investigation on Friday filed three fresh FIRs against fugitive diamantaire Mehul Choksi and two jewellery brands, Nakshatra Brands Limited and Gitanjali Gems Limited. The FIRS were against Nakshatra Brands Ltd and Gitanjali Gems Ltd, Mehul Choksi, who is the managing director of Gitanjali Gems Ltd and guarantor for Nakshatra Brands Ltd; Dhanesh Vrajlal Sheth, director of …

Delhi HC Calls for Centre's Stand on Plea for NIA Probe Against DHFL's Ex Promoters on Allegation of Terror Funding
2 years ago

Delhi HC Calls for Centre's Stand on Plea for NIA Probe Against DHFL's Ex Promoters on Allegation of Terror Funding

News 18  

The Delhi High Court Thursday sought to know the Centre's stand on a plea seeking a probe by NIA against several persons, including former DHFL promoters Kapil and Dheeraj Wadhawan facing prosecution in a multi-crore bank loan scam case, for allegedly indulging in terror funding. The petition said that on May 9, the petitioner filed a complaint "regarding the offences …

Bank Frauds: Know India's 4 Biggest Financial Scams That Have Hit Lenders
2 years, 4 months ago

Bank Frauds: Know India's 4 Biggest Financial Scams That Have Hit Lenders

News 18  

The Enforcement Directorate recently attached assets worth Rs 415 crore of Maharashtra’s two builders in relation to the Yes Bank-DHFL bank loan fraud-linked money laundering case. The DHFL scam is India’s biggest financial fraud involving Rs 34,000 crore, in which a total of 17 banks have been defrauded by this home loan provider. Here’re four biggest financial scams in India: …

Yes Bank-DHFL Scam: ED Attaches Rs 415-Cr Assets Of 2 Builders in India's Largest Bank Fraud Case
2 years, 4 months ago

Yes Bank-DHFL Scam: ED Attaches Rs 415-Cr Assets Of 2 Builders in India's Largest Bank Fraud Case

News 18  

The Enforcement Directorate said on Wednesday said assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached. The attached assets of Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth Rs 116.5 crore, 25 per cent equity shares of Chhabria’s company held in a land parcel located in …

DHFL Scam: CBI Seizes AgustaWestland Helicopter from Pune Premises of Builder Avinash Bhosale
2 years, 4 months ago

DHFL Scam: CBI Seizes AgustaWestland Helicopter from Pune Premises of Builder Avinash Bhosale

News 18  

The CBI has seized an AgustaWestland helicopter from the premises of builder Avinash Bhosale in Pune in connection with the Rs 34,615-crore bank fraud case involving DHFL, officials said Saturday. The federal probe agency had booked Dewan Housing Finance Ltd, its former CMD Kapil Wadhawan, Director Deepak Wadhawan and others on June 20 in the bank fraud case worth Rs …

CBI seizes AgustaWestland helicopter from Pune premises of builder Avinash Bhosale
2 years, 4 months ago

CBI seizes AgustaWestland helicopter from Pune premises of builder Avinash Bhosale

India TV News  

Highlights CBI has seized an AgustaWestland helicopter from the premises of builder Avinash Bhosale in Pune CBI has been carrying out searches at various locations for few days to locate assets of fraud The CBI has seized an AgustaWestland helicopter from the premises of builder Avinash Bhosale in Pune in connection with the Rs 34,615-crore bank fraud case involving DHFL, …

CBI Files Charge Sheet Against Builder Avinash Bhosale in Yes Bank-DHFL Scam
2 years, 4 months ago

CBI Files Charge Sheet Against Builder Avinash Bhosale in Yes Bank-DHFL Scam

News 18  

The CBI has filed a charge sheet against noted Pune-based builder Avinash Bhosale and his companies in connection with the Yes Bank-DHFL scam, officials said on Monday. The agency has also named Satyan Gopaldas Tandon, Metropolis Hotels LLP, ABIL Infraprojects Pvt Ltd, ABIL Hospitality Pvt Ltd, Arindam Developers, Avinash Bhosale Group and Flora Developments Ltd in connection with the case …

DHFL bank-fraud case: CBI arrests Ajay Ramesh Nawandar, businessman and close aide of Chhota Shakeel
2 years, 5 months ago

DHFL bank-fraud case: CBI arrests Ajay Ramesh Nawandar, businessman and close aide of Chhota Shakeel

India TV News  

Highlights CBI arrested businessman from Mumbai, alleged aide of Dawood's close associate Chhota Shakeel The arrest took place in connection with Rs 34,615-crore alleged DHFL bank-fraud case Last week, CBI recovered a large number of uber-luxury watches worth crores of rupees from accused DHFL bank-fraud case: Central Bureau of Investigation arrested businessman Ajay Ramesh Nawandar from Mumbai, an alleged aide …

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country
2 years, 6 months ago

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country

Firstpost  

Former promoters of Dewan Housing Finance Ltd are among 13 accused who have been arrested for defrauding a consortium of 17 banks of Rs 34,615 crore The CBI has booked former CMD Kapil Wadhawan and director Dheeraj Wadhawan of Dewan Housing Finance Ltd in the “biggest” banking fraud in India. The audit of DHFL account books showed that the company …

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI
2 years, 6 months ago

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI

Firstpost  

The funds were part of Rs 42,871 crore of public money raised from banks that were allegedly misappropriated by DHFL, officials said New Delhi: DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has …

Nine Real Estate Firms Under CBI Scanner for 'diversion' of Rs 14,683 Crore DHFL Funds
2 years, 6 months ago

Nine Real Estate Firms Under CBI Scanner for 'diversion' of Rs 14,683 Crore DHFL Funds

News 18  

DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has alleged. The role of these real estate firms — five belonging to Shetty’s Sahana Group and four others — have come under the Central …

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case
2 years, 6 months ago

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case

News 18  

As the Central Bureau of Investigation has filed a new case against earstwhile DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan for defrauding a consortium of 17 banks led by Union Bank of India for Rs 34,615 crore, it has become the biggest bank fraud case registered by the agency. The agency booked the Dewan Housing Finance Corporation Ltd, Kapil Wadhawan, …

CBI books DHFL and its promoters for alleged ₹34,615-crore bank fraud
2 years, 6 months ago

CBI books DHFL and its promoters for alleged ₹34,615-crore bank fraud

The Hindu  

The Central Bureau of Investigation has booked the Dewan Housing Finance Corporation Limited, its promoters and others for allegedly cheating a consortium of 17 banks to the tune of ₹34,615 crore. A total of 66 entities — which were inter-connected and involved individuals linked to DHFL promoter entities — were extended loans and advances of over ₹29,100 crore, against which …

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore
2 years, 6 months ago

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore

India Today  

The Central Bureau of Investigation is conducting searches in Maharashtra at 12 locations at premises linked to DHFL, its promoters Kapil Wadhawan, Dheeraj Wadhawan, businessman Sudhakar Shetty and others in connection with a Rs 34,614 crore bank fraud case. According to the FIR, Dewan Housing Finance Corporation Limited, its then Chief Managing Director Kapil Wadhawan, then Director Dheeraj Wadhawan, businessman …

CBI books DHFL’s Kapil, Dheeraj Wadhawan in ₹34,000 crore case, conducts raids
2 years, 6 months ago

CBI books DHFL’s Kapil, Dheeraj Wadhawan in ₹34,000 crore case, conducts raids

Hindustan Times  

The Central Bureau of Investigation on Wednesday raided 12 locations in Mumbai after booking Dewan Housing and Finance Limited ’s Kapil and Dheeraj Wadhawan for allegedly cheating a consortium of Union Bank of India-led 17 banks of ₹ 34,615 crore. According to the Union Bank of India’s complaint to the CBI cited in the FIR, a special review was carried …

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 …

CBI books Shree Basant Oils and others for ₹124-crore bank fraud
2 years, 6 months ago

CBI books Shree Basant Oils and others for ₹124-crore bank fraud

The Hindu  

The Central Bureau of Investigation has registered a case against Shree Basant Oils Ltd. and others for allegedly cheating the Canara Bank of more than ₹124 crore. The Mathura-based company is into the manufacturing, packaging and trade of refined oil, rice bran, soya oil, palm oil, mustard oil and oil cake. “The findings depicts that the entries in the ledger …

Yes Bank-DHFL scam case: CBI arrests ABIL group chairman Avinash Bhosale
2 years, 6 months ago

Yes Bank-DHFL scam case: CBI arrests ABIL group chairman Avinash Bhosale

India TV News  

Highlights CBI arrested Avinash Bhosale, chairman of real estate group ABIL group in Yes Bank-DHFL scam case. The CBI on Thursday arrested Avinash Bhosale, chairman of Pune-based real estate group ABIL group, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Vadhawan of DHFL, officials said. According to the CBI FIR, the scam started taking shape …

Bookies made Rs 10 crore in IPL betting since 2012
2 years, 7 months ago

Bookies made Rs 10 crore in IPL betting since 2012

Deccan Chronicle  

HYDERABAD: Gurram Satish and Gurram Vasu from LB Nagar, who were arrested by the CBI for cricket betting, had made “shady transactions” of more than Rs 10 crore between 2012 and 2020 through their links with Pakistan national Waqas Malik, the investigating agency has alleged. “The accused opened bank accounts using fake ID cards and ‘know your customer’ documents in …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 7 months ago

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune

India TV News  

Highlights CBI conducted massive raids at eight premises in Mumbai and Pune in DHFL-Yes Bank case Premises belong to Avinash Bhosale and Shahid Balwa, who was named in 2G scam and later acquitted Radius Developers owe over Rs 3,000 crore to DHFL. It had taken loan to finance a project in Mumbai Yes Bank-DHFL scam: The CBI on Saturday began …

CBI arrests Mumbai-based realtor Sanjay Chhabria in Yes Bank-DHFL corruption case
2 years, 7 months ago

CBI arrests Mumbai-based realtor Sanjay Chhabria in Yes Bank-DHFL corruption case

India TV News  

Highlights CBI had registered case in 2020 against Kapoor and Kapil Wadhawan of DHFL Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL In return, Wadhawan allegedly "paid kickback of Rs 600 crore" The CBI on Thursday arrested Mumbai-based realtor Sanjay Chhabria in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan …

CBI lodges FIR against UP-based firm for defrauding banks of Rs 6,883 crore
3 years, 4 months ago

CBI lodges FIR against UP-based firm for defrauding banks of Rs 6,883 crore

India Today  

The Central Bureau of Investigation has registered an FIR against an Uttar Pradesh-based firm for defrauding at least 10 banks to the tune of Rs 6,833 crore, officials said. The case has been lodged by the federal probe agency on the complaint of Central Bank of India against Shri Lakshmi Cotsyn Limited, its directors - Dr Mata Prasad Agarwal, Sharda …

Fake firms used for ₹300 crore GST evasion in Jharkhand: CGST dept
3 years, 4 months ago

Fake firms used for ₹300 crore GST evasion in Jharkhand: CGST dept

Hindustan Times  

The Central Goods and Services Tax department, Ranchi, has unearthed an alleged ₹300 crore scam wherein firms, mainly from Chhattisgarh and Odisha, used fake bills and invoices generated by shell companies registered in Jharkhand for tax evasion, officials said on Thursday. Officials said most of the firms dealt in coal and scrap in Chhattisgarh and Odisha As per CGST officials, …

PNB Scam: CBI Accuses Choksi of Destroying Evidence in New Chargesheet; Gitanjali's Ex-officials Named
3 years, 6 months ago

PNB Scam: CBI Accuses Choksi of Destroying Evidence in New Chargesheet; Gitanjali's Ex-officials Named

News 18  

The CBI has filed a chargesheet against the former international head of the Gitanjali Group of Companies, Sunil Verma, and others in connection with an alleged fraud in the PNB involving an amount of over Rs 7,080 crore, in which the promoter of the group, Mehul Choksi, is wanted by the agency. The supplementary chargesheet, filed more than three years …

2 more arrested in ₹484 crore GST billing scam in Ludhiana
3 years, 8 months ago

2 more arrested in ₹484 crore GST billing scam in Ludhiana

Hindustan Times  

Two more persons were arrested on Thursday in the ₹484 crore Goods and Services Tax billing scam that was unearthed in Ludhiana recently. 2 more arrested in ₹ 484 crore GST billing scam in Ludhiana The accused were identified as Gurtej Singh and Sagar, proprietors of two of the 19 firms involved in the fake invoicing racket run by Baljinder …

DHFL case: Auditor unearths another fraudulent transaction of ₹6,182 crore
3 years, 10 months ago

DHFL case: Auditor unearths another fraudulent transaction of ₹6,182 crore

Live Mint  

Dewan Housing Finance Corporation on Monday said its transaction auditor, Grant Thornton, has reported another fraudulent transaction of ₹6,182 crore in the company. The administrator of the company received an initial report from the professional agency appointed as the transaction auditor indicating that there are certain transactions which are "undervalued, fraudulent and preferential in nature", DHFL said in a regulatory …

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