bank fraud

New Delhi, March 30 – The Enforcement Directorate has investigated 1,105 cases of bank fraud under the Prevention of Money Laundering Act (PMLA) and has attached assets worth ₹64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday.She also said that action had been...

New Delhi, March 30 The Enforcement Directorate has investigated 1,105 cases of bank fraud under the PMLA and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said on Monday.In the Lok Sabha, Sitharaman also said the Fugitive Economic Offenders Act...

Thane, March 30 Fraudsters are alleged to have duped 11 residents of Thane district in Maharashtra by promising affordable housing under a government scheme, and they forged documents to open bank accounts for larger financial transactions, police said on Monday.A 54-year-old woman from...

Hoshiarpur (Punjab), March 28 Police have registered a case following a reported online fraud of approximately Rs 17.52 lakh from the bank accounts of a retired Indo-Tibetan Border Police (ITBP) officer in Hoshiarpur district, Punjab, officials said on Saturday.According to officials at the...

Pune, March 27 – The ED has attached agricultural land worth Rs 22.51 crore located in the village of Savardari, Khed Taluka, Pune, in connection with a fraudulent letter of credit (LC) scheme that caused a loss of Rs 56.81 crore to SBI, an official said.The Enforcement Directorate (ED)...

Ahmedabad, March 27 – The Enforcement Directorate (ED)’s Ahmedabad Zonal Office has filed a prosecution complaint under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged bank fraud case involving Shree Om Fab and others, officials said on Friday.The ED...

Bhopal, March 27 – The Enforcement Directorate (ED), Bhopal Zonal Office, has provisionally attached immovable properties valued at approximately ₹12.62 crore under the Prevention of Money Laundering Act (PMLA), 2002.The action is linked to a bank fraud case involving M/s Excel Vehicles Pvt...

Chandigarh, March 26 – The Haryana State Vigilance and Anti-Corruption Bureau has arrested two individuals in connection with alleged discrepancies in the fixed deposit receipts of Panchkula Municipal Corporation, amounting to nearly Rs 150 crore, held at a Kotak Mahindra Bank branch.According...

Mumbai, March 26 – The Central Bureau of Investigation (CBI) has registered a case against Reliance Telecom Ltd., its then Directors Satish Seth and Gautam B. Doshi, along with unknown public servants and others, in connection with an alleged bank fraud case involving the State Bank of India...

Srinagar, March 26 The Economic Offences Wing of the Crime Branch in Kashmir conducted searches at three locations in Srinagar and Budgam districts on Thursday as part of an investigation into allegations of misappropriation of government funds during the COVID-19 pandemic by two individuals...

Srinagar, March 26 – The Jammu and Kashmir Crime Branch said on Thursday that it was conducting house searches in connection with a fraud case during the Covid period, in which large sums of money were misappropriated.A statement from the Crime Branch said that the Economic Offences Wing...

Bhubaneswar, March 25 Odisha Police have arrested a man from West Bengal for his alleged involvement in an online investment fraud case involving ₹12.33 crore, a senior officer said on Wednesday.The accused, identified as Rahul Jaiswal (36), a resident of Kolkata, was arrested based on a...

Indore, March 25 – The Enforcement Directorate (ED)'s Indore Sub-Zonal Office has provisionally attached three immovable properties worth approximately Rs 4 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a significant bank fraud case.The attached properties...

Ahmedabad, March 24 – A special CBI court in Ahmedabad has convicted and sentenced four accused, including two former officials of UCO Bank, to five years of Rigorous Imprisonment along with fines in two separate bank fraud cases, officials said on Tuesday.The court on March 23 awarded the...

New Delhi, March 23 – In a new affidavit filed before the Supreme Court, industrialist Anil D. Ambani has proposed the formation of a lenders' committee to determine the actual outstanding debts owed by Reliance Communications (RCOM) and its group entities, along with a detailed plan for...

New Delhi, March 23 – The Supreme Court on Monday stressed the need for a coordinated, fair, and time-bound investigation into alleged large-scale bank fraud linked to Anil Ambani’s Reliance Communications (RCom) and its group entities.A bench, headed by Chief Justice of India (CJI) Surya...

Polavaram (Andhra Pradesh), March 22 The Andhra Pradesh police have registered a case of cyber fraud after Janasena MLA C Balaraju lost Rs 12 lakh by clicking on a malicious APK file, a police official said on Sunday.According to police, the incident occurred on March 6 when the legislator...

New Delhi, March 21 The CBI on Saturday questioned two former group managing directors of Reliance ADA Group in connection with an alleged bank fraud of Rs 2,929.05 crore involving Reliance Communications Ltd and Anil Ambani, officials said.In a separate case, the agency questioned Sanjay...

New Delhi, March 21 – The Central Bureau of Investigation (CBI) has intensified its investigation into major alleged bank fraud cases linked to the Reliance Anil Dhirubhai Ambani Group (ADA Group), summoning top executives for detailed questioning at its headquarters in New Delhi, a CBI...

Bhubaneswar, March 19 The Economic Offences Wing (EOW) of the Odisha Police has arrested a man for his alleged involvement in defrauding the District Mineral Foundation (DMF), Mayurbhanj, of Rs 9.6 crore, an official said on Thursday.One builder, Brajesh Mishra, was arrested from Chhattisgarh...