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 complaint said. As per the forensic audit’s report, it was alleged that the company and its promoters had availed the credit facility from the bank on the basis of manipulated stock and book debt statements and financial statements with inflated figures to draw higher volume of amounts from the bank, CBI sources said. The borrower firm thereafter diverted the credit amount to its related and associated companies without its sanctioned end - utilisation, and thereby caused a loss to the bank and corresponding gain to itself, the sources said.

Credit Bank Cbi Firm Booked  sources  company  sanctioned  bank  firm  booked  forgery  credit  crore  construction  9192  statements  cbi  cheating  allegedly

History of this topic

CBI arrests advocate of bank for demanding bribe of ₹1.70 lakh
1 week, 5 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, 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, …

Maharashtra elections: CBI begins probe into bitcoin ’scam’; six accused named in FIR
1 month ago

Maharashtra elections: CBI begins probe into bitcoin ’scam’; six accused named in FIR

Live Mint  

Maharashtra elections: The Central Bureau of Investigations started an investigation into the Bitcoin-based Ponzi “scam” as the agency looks into the accused persons for allegedly collecting 80,000 bitcoins and diverting the funds worth ₹6,606 crore through nine overseas firms to purchase properties abroad, reported the news agency ANI on Wednesday, November 20. The employee is allegedly linked to a Bitcoin …

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 …

Hours after ED searches, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case
Trending News
1 month ago

Hours after ED searches, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case

New Indian Express  

NEW DELHI: The CBI on Wednesday summoned Gaurav Mehta, an audit company employee, to appear before it as soon as possible in connection with the Rs 6,600-crore Gain Bitcoin ponzi scam case, officials said. The Central Bureau of Investigation, which is probing the Gain Bitcoin ponzi "scam" on the directions of the Supreme Court, swung into action hours after the …

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 …

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 ₹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 …

IDBI Bank seeks CBI probe in ₹5 crore delivered to wrong premises incident
9 months, 1 week ago

IDBI Bank seeks CBI probe in ₹5 crore delivered to wrong premises incident

The Hindu  

In an intriguing case that has many twists and turns, an Income Tax search in Mangaluru recently, which led to the seizure of ₹5 crore belonging to IDBI Bank, has ended with the bank seeking a CBI investigation into the episode. The case unfolded in mid-December 2023, when Income Tax sleuths swooped down on a business establishment near Kankanady where …

CBI files supplementary charge sheet in land-for-job scam
9 months, 2 weeks ago

CBI files supplementary charge sheet in land-for-job scam

Hindustan Times  

The Central Bureau of Investigation on Wednesday filed a supplementary charge sheet before a Delhi court in the alleged land-for-job scam and named the personal secretary of former Union railway minister Lalu Prasad Yadav as an accused. The supplementary charge sheet filed by the agency names three accused persons — Bhola Yadav and two job aspirants. The CBI charge sheet …

Builder duo booked for ₹78 cr fraud
9 months, 4 weeks ago

Builder duo booked for ₹78 cr fraud

Hindustan Times  

Mumbai: Police in Khar have booked a father-son builder duo for allegedly cheating flat buyers and banks to the tune of ₹78 crore. Kanhaiyalal Mordani and Kumar Mordani, owners of the firm Paramveer Developers, diverted money borrowed from banks and paid by buyers for one project to another one, violating several rules of the Maharashtra Real Estate Regulatory Authority, the …

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 …

CBI initiates action against seven railway officials, private firm in Rs 60 crore bribery case
11 months ago

CBI initiates action against seven railway officials, private firm in Rs 60 crore bribery case

India TV News  

The Central Bureau of Investigation on Tuesday registered a case involving seven railway employees and Bhartia Infra Projects Ltd., a private company, in a bribery scandal amounting to Rs 60 crore linked to projects in the North East Frontier Railway zone from 2016 to 2023. The investigation commenced when Santosh Kumar, a senior section engineer in the North East Frontier …

₹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 …

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 …

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 …

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 …

CBI probes firm accused of duping Union Bank of ₹21 crore
1 year, 5 months ago

CBI probes firm accused of duping Union Bank of ₹21 crore

Hindustan Times  

Mumbai: The Central Bureau of Investigation has initiated an investigation into a Mumbai-based metal-trading firm that is accused of cheating the public-sector Union Bank of India to the tune of around ₹21 crore. An unidentified official enters the building as an idol of Hindu god Ganesha is seen placed outside the entrance of Central Bureau of ) The forensic audit …

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 …

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 …

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 books directors of Chennai steel firm for cheating bank of ₹25.89 crore
1 year, 11 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 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 …

CBI files case against Mumbai company, others for bank fraud of Rs 4957 crore
1 year, 11 months ago

CBI files case against Mumbai company, others for bank fraud of Rs 4957 crore

India Today  

The Central Bureau of Investigation on Thursday registered a case against Pratibha Industries Ltd, a private company based in Mumbai and others including its four directors/guarantors, for committing bank fraud. The company duped a Bank of Baroda-led consortium of 17 banks to the tune of Rs 4,957 crore, said officials. The company was involved in the development of infrastructure projects, …

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 …

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 …

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 …

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 …

ABG Shipyard fraud case: CBI files charge sheet against ex-chairman Rishi Agarwal, others
2 years, 1 month ago

ABG Shipyard fraud case: CBI files charge sheet against ex-chairman Rishi Agarwal, others

The Hindu  

The CBI on Saturday filed a charge sheet against former ABG group chairman Rishi Agarwal and other individuals and entities in connection with the alleged ₹22,842-crore bank fraud in the ABG Shipyard Ltd, officials said on Saturday. In its charge sheet filed before the special CBI court here, the agency has named as accused Mr. Agarwal and five individuals and …

CBI arrests ABG founder-chairman Rishi Agarwal in Rs 22,842-crore bank fraud case
2 years, 3 months ago

CBI arrests ABG founder-chairman Rishi Agarwal in Rs 22,842-crore bank fraud case

Deccan Chronicle  

NEW DELHI: The CBI arrested the founder-chairman of ABG Shipyard Limited, Rishi Kamlesh Agarwal, on Wednesday in connection with an alleged bank fraud of more than Rs 22,842 crore, officials said. The Central Bureau of Investigation had booked Agarwal, a former chairman of the company, and others for the alleged offences of criminal conspiracy, cheating, criminal breach of trust and …

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 …

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 …

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 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 raids Punjab AAP MLA over Rs 40 crore bank fraud, recovers 94 signed blank cheques
2 years, 7 months ago

CBI raids Punjab AAP MLA over Rs 40 crore bank fraud, recovers 94 signed blank cheques

India TV News  

Highlights CBI carried out searches at premises linked to Punjab AAP MLA Jaswant Singh Gajjan Majra The CBI recovered apporoximately Rs. 40.92 Crore was caused to the Bank of India CBI raids Punjab AAP MLA house: The Central Bureau of Investigation on Saturday carried out searces at premises linked to Punjab AAP MLA Jaswant Singh Gajjan Majra at three locations …

CBI registers its first case under Lokpal
2 years, 8 months ago

CBI registers its first case under Lokpal

Hindustan Times  

The Central Bureau of Investigation on Tuesday registered its first case based on the order of Lokpal, the apex body formed in 2019 to inquire and investigate complaints of corruption against public servants. Central Bureau of Investigation The case was filed against Manager Singh, former director-general of the National Research Laboratory for Conservation of Cultural Property, which comes under the …

Bank Fraud Case: CBI Grills ABG Shipyard Ltd Chairperson Rishi Kamlesh Aggarwal
2 years, 10 months ago

Bank Fraud Case: CBI Grills ABG Shipyard Ltd Chairperson Rishi Kamlesh Aggarwal

The Quint  

The agency has seized incriminating documents, i.e, account books of ABG Shipyard, its sale-purchase details, minutes of board meetings, share registers, and contract files. Bank account details of ABG Shipyard and related parties have also been obtained. The fraud is primarily on account of a huge transfer by ABG Shipyard Ltd to its related parties and subsequently making adjustment entries. …

Bank Fraud Case: CBI Issues Look Out Circulars Against ABG Shipyard's Former CMD, 8 Others
2 years, 10 months ago

Bank Fraud Case: CBI Issues Look Out Circulars Against ABG Shipyard's Former CMD, 8 Others

News 18  

The Central Bureau of Investigation has issued Look Out Circulars against the former chairman and managing director of ABG Shipyard named Rishi Kamlesh Agarwal and eight others to prevent them from leaving the country due to their alleged involvement in a bank fraud case of over Rs 22,842 crore. The central agency has booked ABG Shipyard Ltd, its ex-CMD Rishi …

ABG Shipyard scam: Congress questions delay in registration of FIR by CBI
2 years, 10 months ago

ABG Shipyard scam: Congress questions delay in registration of FIR by CBI

Hindustan Times  

Accusing the Modi government of complicity and collusion, the Congress on Sunday questioned the delay in registration of a criminal case by the CBI against a private sector ship building company, ABG Shipyard, and its former chairman Rishi Agarwal for allegedly cheating a consortium of banks to the tune of ₹22,842 crore. “On February 15, 2018, the Congress had publicly …

SBI denies any effort to delay action against ABG Shipyard promoters in Rs 22,842 cr bank fraud case
2 years, 10 months ago

SBI denies any effort to delay action against ABG Shipyard promoters in Rs 22,842 cr bank fraud case

The Hindu  

State Bank of India has clarified that at no point in time, there was any effort to delay the process to recover dues from the promoters of bankrupt ABG Shipyard Ltd. SBI was reacting to a PTI report on the Central Bureau of Investigation booking the former top executives including former chairman of ABG Shipyard Rishi Kamlesh Agarwal in a …

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