CBI books Ahmedabad-based firm for cheating
3 years, 11 months ago

CBI books Ahmedabad-based firm for cheating

The Hindu  

The Central Bureau of Investigation booked Ahmedabad-based Steel Konnet Private Limited and others for allegedly cheating the Bank of Baroda and causing a loss of more than ₹100 crore. The agency also named Varun Vijay Gupta and Vivek Vijay Gupta as accused, while the bank officials involved in managing the loan account have also come under the scanner. Some of them were identified as Dharampal Iron & Steel Private Limited, Jagat Infra Project, Anupam Industries Limited, BishwesharLal Steel, Chhapaiya Trading Co., D.M. Suspect transactions were also detected with entities such as M.J. Agro Industries, Shree Sai Industries Private Limited, Shubhmangal Exim P. Limited and ShubhmangalInfracon Private Limited In one case, the company paid ₹16.17 crore to Global Automach Solutions P. Limited for purchasing machinery, but received equipment worth only Rs.8.09 crore, as alleged.

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History of this topic

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 …

Private firm under CBI scanner for causing losses of ₹387 crore to banks
1 year, 4 months ago

Private firm under CBI scanner for causing losses of ₹387 crore to banks

Hindustan Times  

MUMBAI: The Central Bureau of Investigation has initiated two separate probes against a private firm for allegedly cheating and causing losses to the tune of around ₹387 crore to the Canara Bank and the Central Bank of India. The bank’s complaint accused Varun Industries Ltd, and its directors, unknown directors/ officials of the company, unknown public servant, and others for …

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 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, …

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 …

CBI books directors of Chennai steel firm for cheating bank of ₹25.89 crore
1 year, 10 months ago

CBI books directors of Chennai steel firm for cheating bank of ₹25.89 crore

The Hindu  

The Central Bureau of Investigation has booked the directors of a steel firm on charges of cheating the Indian Overseas Bank and causing a loss to the tune of ₹25.89 crore. The agency’s Economic Offences Branch has registered a case against M/s SAR ISPAT Private Ltd., and its directors Sanjay Kumar Sharma, Sandeep Kothari, Vikranth Sharma and others, for the …

CBI books Corporate Power Limited and others for alleged ₹4,037.87-crore bank fraud
2 years ago

CBI books Corporate Power Limited and others for alleged ₹4,037.87-crore bank fraud

The Hindu  

The Central Bureau of Investigation has registered a case against Kolkata-based Corporate Power Limited and 12 others, including the promoters, for allegedly cheating a consortium of 20 banks to the tune of ₹4,037.87 crore. According to the CBI, from 2009 to 2013, the company had submitted manipulated project cost statements and also diverted the bank funds. The First Information Report …

CBI Files Fresh FIRs Against Fugitive Mehul Choksi, Jewellery Brands Gitanjali and Nakshatra in Rs 6,700 Cr Bank Fraud Case
2 years ago

CBI Files Fresh FIRs Against Fugitive Mehul Choksi, Jewellery Brands Gitanjali and Nakshatra in Rs 6,700 Cr Bank Fraud Case

News 18  

The Central Bureau of Investigation on Friday filed three fresh FIRs against fugitive businessman Mehul Choksi, and jewellery brands Gitanjali and Nakshatra. The FIRs were filed on a complaint from the Punjab National Bank bringing to light an additional Rs 6,746 crore loss incurred by it and other consortium banks, officials said. Four years after his dramatic escape and failure …

CBI registers fresh FIRs against Mehul Choksi in Rs 6,000 crore fraud case
2 years ago

CBI registers fresh FIRs against Mehul Choksi in Rs 6,000 crore fraud case

India Today  

The Central Bureau of Investigation has registered two fresh FIRs against fugitive diamentaire Mehul Choksi and two jewellery brands--Nakshatra Brands Limited and Gitanjali Gems Limited--for defrauding a consortium of banks of over Rs 6,000 crore. CBI officials received complaints from Vijay Kumar Wadhwa, deputy general manager of the zonal office of the Punjab National Bank in Mumbai, against Nakshatra Brands …

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 …

CBI books Omkar Speciality Chemicals, directors for alleged ₹145.51-crore loan fraud
2 years, 11 months ago

CBI books Omkar Speciality Chemicals, directors for alleged ₹145.51-crore loan fraud

The Hindu  

The Central Bureau of Investigation has booked Omkar Speciality Chemicals Limited and its eight directors for allegedly causing a loss of ₹145.51 crore to the Bank of Baroda. Stock statement The bank alleged that the company's audited balance sheet in 2016, 2017 and 2018 showed significant difference in the stock statement. In order to get higher drawing power, the accused …

CBI unearths Rs 15,000 crore Bike Bot scam, lodges FIR against UP firm, promoter
3 years, 1 month ago

CBI unearths Rs 15,000 crore Bike Bot scam, lodges FIR against UP firm, promoter

India Today  

The Central Bureau of Investigation has registered an FIR to investigate Bike Bot scam to the tune of Rs 15,000 crore, a financial swindle worth more than the Punjab National Bank fraud case involving diamond traders Nirav Modi and Mehul Choksi. In the FIR, it has been alleged that Sanjay Bhati, Chief Managing Director of Uttar Pradesh-based Bike Bot, along …

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 …

CBI books Amrapali Biotech, directors in alleged ₹48 crore bank fraud
3 years, 4 months ago

CBI books Amrapali Biotech, directors in alleged ₹48 crore bank fraud

Live Mint  

The Central Bureau of Investigation has filed an FIR against Amrapali Biotech and its directors over allegations of duping Punjab National Bank to the tune of ₹47.97 crore. The original bank of concern was Oriental Bank of Commerce, which was merged with Punjab National Bank, with effect from April 1, 2020, under the mass public-sector banks' consolidation. The Central Bureau …

CBI books private company, others for causing loss of Rs 2435 crore to banks
3 years, 5 months ago

CBI books private company, others for causing loss of Rs 2435 crore to banks

India TV News  

The Central Bureau of Investigation on Thursday registered a case against a Mumbai-based private company and its officials for causing an alleged loss of Rs 2435 crore to banks including the State Bank of India. It was alleged that the accused had cheated the SBI and other consortium member banks including Bank of Maharashtra, Axis bank, Yes Bank, Corporation Bank, …

CBI files two cases for alleged bank fraud of over Rs 200 crore
3 years, 10 months ago

CBI files two cases for alleged bank fraud of over Rs 200 crore

India TV News  

The Central Bureau of Investigation has registered two separate cases related to bank fraud and conducted searches at 8 locations in Delhi, Ahmedabad, Gandhinagar and Gurgaon. The first case was registered against a private company based at Ahmedabad and others including its Directors and unknown public servants/persons on a complaint from State Bank of India. State Bank of India, Ahmedabad …

CBI files case against Jamtara-based firms for cheating thousands of people
3 years, 11 months ago

CBI files case against Jamtara-based firms for cheating thousands of people

India Today  

The Central Bureau of Investigation has registered multiple cases related to chit fund cases in Jamtara in Jharkhand. According to CBI, “It was alleged that the accused persons of a private firm in conspiracy with each other had collected Rs 25 lakh from different investors of Jamtara district with a false promise of high returns on their investment between 2011 …

CBI registers about 190 cases of bank fraud in 2020
3 years, 11 months ago

CBI registers about 190 cases of bank fraud in 2020

The Hindu  

The Central Bureau of Investigation registered about 190 cases of bank fraud in year 2020, involving alleged misappropriation of close to ₹60,000 crore. Surana Corporation case Another entity that made it to the list was Surana Corporation Limited, which along with others was booked in October for allegedly cheating six banks of ₹2.930 crore. In February, the agency had registered …

Big bank fraud! Consortium of banks suffer loss of over Rs 4,837 crore, CBI probe underway
3 years, 11 months ago

Big bank fraud! Consortium of banks suffer loss of over Rs 4,837 crore, CBI probe underway

India TV News  

The Central Bureau of Investigation has registered a case against a private company based at Hyderabad and others including its managing Director, Joint Managing Director, and unknown public servants/others on a complaint from State Bank of India, Hyderabad. It was alleged that the accused in connivance with unknown public servants and others defrauded the consortium of Public Sector Banks, consisting …

Bank fraud! CBI files chargesheet against 24 accused for alleged loss of over Rs 297 crore to various banks
3 years, 11 months ago

Bank fraud! CBI files chargesheet against 24 accused for alleged loss of over Rs 297 crore to various banks

India TV News  

The Central Bureau of Investigation has today filed a chargesheet before Special Judge for CBI cases, Mumbai against 24 accused including a private company based at Mumbai, its director, Chartered Accountant, then officials of Indian Overseas Bank, Directors/proprietor of associated companies/firms etc for causing an alleged loss of Rs 297.80 crore to the bank. Out of these nationalized banks, Indian …

CBI Raids Several Locations in 2 Separate Bank Fraud Cases Worth Rs 1,000 Crore
4 years ago

CBI Raids Several Locations in 2 Separate Bank Fraud Cases Worth Rs 1,000 Crore

News 18  

The Central Bureau of Investigation on Friday carried out searches at several locations in Hyderabad, Guntur and Tamil Nadu in connection with two separate cases of bank frauds involving amounts to the tune of Rs 7,926.01 crore and Rs 313.79 crore respectively, officials said. A CBI official said that the agency has registered a case against Hyderabad-based Transstroy Ltd, its …

CBI Books Former CMD of PSU Hindustan Steelworks Construction Over Bribe Charge
4 years, 1 month ago

CBI Books Former CMD of PSU Hindustan Steelworks Construction Over Bribe Charge

News 18  

The CBI has booked Moyukh Bhaduri, former CMD of Hindustan Steelworks Construction Ltd, for allegedly demanding Rs one crore bribe in awarding a tender for the construction of Trade Facilitation Center and Crafts Museum in Varanasi, officials said Sunday. It is alleged that Vikas Jalan, MD of Trans Metalite India Pvt Ltd, had demanded Rs 2.25 crore from Anant Saxena …

PNB Fraud: CBI Raid on Cyril Amarchand Mangaldas' Mumbai Office
6 years, 9 months ago

PNB Fraud: CBI Raid on Cyril Amarchand Mangaldas' Mumbai Office

Live Law  

The Mumbai office of law firm Cyril Amarchand Mangaldas has been raided by a CBI team in connection with the investigation into the Rs 11,400 crore Nirav Modi scam. The Firm was apparently instructed by Mr. Modi less than a month before the lid was blown off the scam. The Firm has since terminated the assignment handed over to it …

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