SBI complains to CBI after ₹411 crore loan defaulters flee country
4 years, 8 months ago

SBI complains to CBI after ₹411 crore loan defaulters flee country

The Hindu  

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of ₹411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India, which suffered the loss of more than ₹173 crore, they said. The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said. “On inquiry, it has been come to notice that borrowers are absconding and have left the country,” the complaint filed on February 25, 2020, after over a year of account becoming NPA, the officials said.

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History of this topic

Karnataka govt orders state departments to close accounts with SBI and PNB; here’s why
4 months, 3 weeks ago

Karnataka govt orders state departments to close accounts with SBI and PNB; here’s why

Live Mint  

Karnataka Government has instructed all its departments, public sector units, universities, and subordinate organizations to cease all transactions with the State Bank of India and Punjab National Bank, as quoted by The Economic Times. The Finance department issued a circular to all department heads, highlighting that the Karnataka Industrial Areas Development Board was unable to recover a deposit from Punjab …

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report
4 months, 3 weeks ago

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

Hindustan Times  

State Bank of India is reportedly aiming to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees currently in smaller rival Yes Bank, four sources with direct knowledge said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in …

Indian financial system remains largely unaffected from Microsoft outage
5 months, 2 weeks ago

Indian financial system remains largely unaffected from Microsoft outage

Deccan Chronicle  

The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.A widespread Microsoft outage disrupted flights, banks, media outlets and companies around the world on Friday. Escalating disruptions continued hours after the technology company said it was gradually fixing …

₹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 …

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 …

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 …

CBI books Delhi firm for cheating Union Bank of India of Rs 46 crore
1 year, 6 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 raids office of Jet Airways, house of Naresh Goyal in ₹538-crore Canara Bank fraud case
1 year, 8 months ago

CBI raids office of Jet Airways, house of Naresh Goyal in ₹538-crore Canara Bank fraud case

The Hindu  

The Central Bureau of Investigation on Friday conducted raids at seven locations in Mumbai, including the office of Jet Airways airlines and its founder Naresh Goyal’s residence in connection with an alleged bank fraud of ₹538-crore case in Canara Bank. Jet Airways Limited, its founder chairman Mr Goyal, his wife Anita Goyal and former airline director Gaurang Shetty have been …

₹11-crore coin fraud case: CBI searches 5 locations in Punjab’s Faridkot
1 year, 8 months ago

₹11-crore coin fraud case: CBI searches 5 locations in Punjab’s Faridkot

Hindustan Times  

Central Bureau of Investigation on Thursday conducted searches at five locations in Faridkot district’s Jaitu subdivision in connection with an alleged fraud case wherein coins worth ₹11 crore had gone missing from the vaults of a State Bank of India branch in Rajasthan’s Karauli. Central Bureau of Investigation on Thursday conducted searches at five locations in Faridkot district’s Jaitu subdivision …

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 …

Bengal cooperative bank facing CBI probe in cattle case faced insolvency in 2014
2 years ago

Bengal cooperative bank facing CBI probe in cattle case faced insolvency in 2014

Hindustan Times  

The West Bengal cooperative bank, now under the scanner of the Central Bureau of Investigation in the cattle smuggling case was shut down in 2014 because of insolvency, bank officials and a section of customers told Hindustan Times on Friday. West Bengal cattle smuggling case: CBI freezes 54 accounts at cooperative bank The Birbhum District Central Cooperative Bank Ltd. reopened …

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 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, 5 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, 5 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, 5 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 …

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 …

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 …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 8 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 registers case against Hyderabad private company for Rs 218 crore SBI loan fraud
2 years, 11 months ago

CBI registers case against Hyderabad private company for Rs 218 crore SBI loan fraud

India Today  

The Central Bureau of Investigations has registered a fraud case against a Hyderabad-based firm for allegedly committing bank fraud worth over Rs 218 crore. The CBI registered a case against a private company based at Ameerpet in Telangana’s Hyderabad and others, including its managing director, a director & unknown public servants and private persons. The complaint alleged that the private …

CBI books Omkar Speciality Chemicals, directors for alleged ₹145.51-crore loan fraud
3 years 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 lodges FIR against UP-based firm for defrauding banks of Rs 6,883 crore
3 years, 5 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, 5 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 …

Explained | Will the money recovered from Vijay Mallya, Nirav Modi and Mehul Choksi help banks?
3 years, 6 months ago

Explained | Will the money recovered from Vijay Mallya, Nirav Modi and Mehul Choksi help banks?

The Hindu  

The story so far: The Enforcement Directorate on June 23 came out with a statement saying that it has seized assets worth ₹18,170.02 crore belonging to three fugitive businessmen. The seized assets belong to liquor baron Vijay Mallya and diamond traders Nirav Modi and Mehul Choksi — all three left India before law enforcement agencies could nab them for fraud. …

CBI books private company, others for causing loss of Rs 2435 crore to banks
3 years, 6 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, …

SBI collects Rs 300 crore from zero balance accounts for certain services in 5-year: Study
3 years, 8 months ago

SBI collects Rs 300 crore from zero balance accounts for certain services in 5-year: Study

India TV News  

Several banks, including State Bank of India, have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts, a study by the IIT-Bombay has revealed. The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot …

CBI conducts searches at 100 locations across 11 states in bank fraud cases worth over Rs 3,700 crore
3 years, 9 months ago

CBI conducts searches at 100 locations across 11 states in bank fraud cases worth over Rs 3,700 crore

Firstpost  

The agency carried out searches following complaints from banks alleging cheating, diversion of funds and submission of fake documents for loans New Delhi: The Central Bureau of Investigation on Thursday carried out nationwide searches at 100 locations in separate alleged bank fraud cases of over Rs 3,700 crore, officials said. The coordinated search operation was spread across 11 states and …

CBI conducts searches at over 100 locations across 11 states in cases of bank fraud amounting to Rs 3700 crore
3 years, 9 months ago

CBI conducts searches at over 100 locations across 11 states in cases of bank fraud amounting to Rs 3700 crore

India TV News  

The Central Bureau of Investigation Thursday conducted searches at more than 100 places across India in connection with more than 30 cases of bank fraud amounting to over Rs 3700 crore. The complainant banks include Indian Overseas Bank, Union Bank of India, Bank of Baroda, Punjab National Bank, State Bank of India, IDBI, Canara Bank, Indian Bank and Central 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 …

RBI sees 387% rise in complaints against NBFCs, 58% rise against banks
3 years, 11 months ago

RBI sees 387% rise in complaints against NBFCs, 58% rise against banks

Live Mint  

The number of complaints against banks and non-banking financial institutions with Reserve Bank of India is on the rise. According to RBI’s annual report on Banking Ombudsman Scheme, the number of complaints against banks rose by 58% in the financial year 2019-20. The ombudsman for NBFCs received a total of 19,432 complaints in the same FY as against 3,991 a …

CBI registers about 190 cases of bank fraud in 2020
4 years 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
4 years 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
4 years 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 …

SBI, Punjab and Sind Bank allegedly cheated of over Rs 131 crores; CBI registers cases
4 years ago

SBI, Punjab and Sind Bank allegedly cheated of over Rs 131 crores; CBI registers cases

India TV News  

The State Bank of India and Punjab and Sind Bank have been allegedly cheated of over Rs 131 crores in two separate cases of fraud. The first case was registered on a complaint from SBI against a private company based in Gujarat's Ahmedabad and others including directors, public servants, and unknown others on the allegations of cheating the State Bank …

One-time settlement for bank loans not to mean escape from criminal liability: HC
4 years ago

One-time settlement for bank loans not to mean escape from criminal liability: HC

Deccan Chronicle  

HYDERABAD: A one-time settlement of loans taken from banks by itself is not legally sufficient to wipe out the criminal liability of the borrowers, particularly those who fraudulently took loans and opted to settle those with meagre amounts. Their firm, Kyori Oremin, availed credit facilities from Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra and ICICI Bank, …

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 …

Over Rs 8,000 crore bank fraud! SBI, Canara Bank register complaint against private firms
4 years ago

Over Rs 8,000 crore bank fraud! SBI, Canara Bank register complaint against private firms

India TV News  

The Central Bureau of Investigation has registered two separate cases related to bank fraud to the tune of Rs. The first case has been registered against a Hyderabad-based private company and others including its CMD, Additional Directors, unknown public servants and others on a complaint from Canara Bank. It was also alleged that the accused misappropriated bank's funds and diverted …

SBI, PNB, Bank of Baroda among banks cheated of Rs 525 crore; CBI registers 2 cases
4 years ago

SBI, PNB, Bank of Baroda among banks cheated of Rs 525 crore; CBI registers 2 cases

India TV News  

In a major banking fraud, prominent banks in the country have been cheated of over 500 crore rupees. According to the complaints registered with the probe agency, a consortium of banks including the State Bank of India was duped of Rs 452.62 crores and Bank of Baroda of Rs 73 crores. The first case was registered on the complaint from …

CBI Registers Case Against Unitech MD in Canara Bank Fraud, Carries Out Searches
4 years, 1 month ago

CBI Registers Case Against Unitech MD in Canara Bank Fraud, Carries Out Searches

News 18  

The CBI has booked Managing Director of Unitech Sanjay Chandra, his father Ramesh and brother Ajay for alleged bank fraud of Rs 198 crore in Canara bank, officials said Sunday. "Similarly Unitech availed Rs 1805.86 crore from six financial institutions, out of which Rs 763 crore was not utilised for projects," the bank alleged in its complaint which is now …

CBI Searches 8 Locations of Dairy Products Firm Kwality Ltd Over Rs 1,400-cr Bank Fraud
4 years, 3 months ago

CBI Searches 8 Locations of Dairy Products Firm Kwality Ltd Over Rs 1,400-cr Bank Fraud

News 18  

The CBI Monday conducted searches at eight locations after booking Delhi-based dairy products company Kwality Ltd. and its directors for allegedly cheating a Bank of India-led consortium, causing a loss of over Rs 1,400 crore, officials said. The CBI has registered the case against Kwality Ltd and its directors Sanjay Dhingra, Siddhant Gupta, Arun Srivastava besides other unidentified persons, they …

No funds available: Depositors at India's PMC Bank survive on loans, charity
4 years, 4 months ago

No funds available: Depositors at India's PMC Bank survive on loans, charity

India Today  

In February, 82-year-old Kishan Lal appealed to India's finance minister for help, saying in a Twitter message he was ready to donate his kidney and eyes if someone could help arrange funds to treat his daughter, who had a brain tumour. Asked about the delay in resolving PMC's problems, Jai Bhagwan Bhoria, an administrator appointed by the RBI to revive …

After CBI, ED probes BJP leader Mohit Kamboj in Bank of India cheating case
4 years, 5 months ago

After CBI, ED probes BJP leader Mohit Kamboj in Bank of India cheating case

India Today  

The Enforcement Directorate is now investigating BJP leader Mohit Kamboj and seven others in a case pertaining to a loan of Rs 67 crore from the Bank of India. The CBI had last month registered a case against Kamboj, four others on charges of cheating, forgery and criminal conspiracy in relation to the Bank of India cheating case. According to …

CBI books Delhi-based private firm for defrauding SBI, PNB of Rs 398 crore
4 years, 6 months ago

CBI books Delhi-based private firm for defrauding SBI, PNB of Rs 398 crore

India Today  

The Central Bureau of Investigation has conducted searches in the national capital in connection with a bank fraud case of Rs 398 core. The two biggest lenders of country, State Bank of India and Punjab National Bank, have been defrauded to the tune of Rs 398 crore, said the agency. On the complaint of SBI, the federal probe agency booked …

Bank fraud case: CBI raids 5 locations in Mumbai, books BJP leader Mohit Kamboj, others
4 years, 6 months ago

Bank fraud case: CBI raids 5 locations in Mumbai, books BJP leader Mohit Kamboj, others

India Today  

The Central Bureau of Investigation has conducted searches at five locations in Mumbai in connection with a bank fraud case to the tune of Rs 57 crore including at the residence of Bharatiya Janata Party leader Mohit Kamboj. "The searches have been conducted at the residential and official premises of the accused, including a private company, which led to recovery …

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