Bank Fraud

The Enforcement Directorate has arrested a Karnal-based businessman under the anti-money laundering law in a case linked to alleged bank loan fraud of Rs 155 crore, the agency said on Wednesday.

The CBI is carrying out searches at premises linked to Punjab AAP MLA Jaswant Singh Gajjan Majra at three locations in Sangrur in a bank fraud case of over Rs 40 crore, officials said Saturday.

Improved detection and reporting along with comprehensive steps resulted in sharp decline of such frauds, he said

The central probe agency had registered an FIR in the matter on February 7, 2022 on a complaint filed by SBI 17 months ago on August 25, 2020

What has been described as Rs 22,000 crore scam started in 2012 and the company's loan was restructured in March 2014 in the last days of the UPA government, said Sudhanshu Trivedi citing CBI report

Last month, the trial court had denied the relief of bail to Kapoor, noting that the allegations against him were most grave and serious in nature

The company was sanctioned credit facilities from 28 banks and financial institutions led by ICICI Bank with the SBI having exposure of Rs 2,468.51 cr

On Friday, CBI booked the firm, its former CMD and others for allegedly cheating a consortium of banks for over Rs 22,842 crore, touted as the biggest fraud in Indian banking history

'The RBI informed that there is an increase of 12.01 per cent and 52.99 per cent with regard to complaints in Mobile/Electronic Banking and Credit Card, respectively,' Nirmala Sitharaman said

The attached assets include residential and commercial lands, and their total value is Rs 26.25 crore

The amount related to frauds of Rs 1 lakh and above has declined over the period

The arrested officials were identified as Nimesh Manger and Saurabh Bhasin

Meng is expected to appear virtually in a hearing scheduled for later on Friday in Brooklyn federal court.

The central probe agency said its investigation in the case was initiated on the basis of an FIR filed by the Bengaluru Police

The CBI has registered an FIR against Fedderes Electric and Engineering Limited and its promoters for allegedly cheating an SBI-led consortium of banks to the tune of Rs 1,028.94 crore, officials said

Indian Bank on Thursday reported three accounts as fraud to the RBI with total outstanding of over Rs 35 crore

Deepak Puri is booked in a bank fraud case

The Hyderabad-based firm is under liquidation following an NCLT order in 2019, brought on by mounting debts and defaults

The CBI Tuesday filed a charge sheet against Parekh Aluminex Ltd (PAL) and its director, besides some officials of Indian Overseas Bank (IOB) in an alleged bank fraud case worth Rs 297.80 crore

An RBI circular says the customer is not liable for unauthorised transactions that occur due to contributory fraud, negligence, or deficiency on the bank's part