Bank Fraud
ED arrests Karnal-based businessman in Rs 155 crore money laundering case
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.
 "ED arrests Karnal-based businessman in Rs 155 crore money laundering case")
CBI conducts raid against Punjab AAP MLA over Rs 40-crore bank fraud
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.
 "CBI conducts raid against Punjab AAP MLA over Rs 40-crore bank fraud")
Bank frauds fall over last 5 years to Rs 648 cr in Apr-Dec FY22: Minister
Improved detection and reporting along with comprehensive steps resulted in sharp decline of such frauds, he said
 "Bank frauds fall over last 5 years to Rs 648 cr in Apr-Dec FY22: Minister")
Rishi Agarwal of ABG Shipyard questioned by CBI in bank fraud case
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
 "Rishi Agarwal of ABG Shipyard questioned by CBI in bank fraud case")
ABG case another feather in Congress' cap of blatant corruption: BJP
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
HC seeks ED stand on bail plea by former MD & CEO of YES Bank Rana Kapoor
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
 "HC seeks ED stand on bail plea by former MD & CEO of YES Bank Rana Kapoor")
ABG Shipyard, its directors booked by CBI in Rs 22,842-cr bank fraud case
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
No effort to delay ABG Shipyard investigation by lenders, says SBI
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
Bank fraud complaints rose to 145,309 in FY21 against 135,448 in FY20: FM
'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
Bank loan fraud: ED attaches Rs 26-cr assets of Gujarat company, promoters
The attached assets include residential and commercial lands, and their total value is Rs 26.25 crore
 "Bank loan fraud: ED attaches Rs 26-cr assets of Gujarat company, promoters")
'PSBs recovered Rs 4.18 trn related to frauds, defaults in last 3 fiscals'
The amount related to frauds of Rs 1 lakh and above has declined over the period
 "'PSBs recovered Rs 4.18 trn related to frauds, defaults in last 3 fiscals'")
CBI arrests two officials of Ratnakar Bank in bribery case
The arrested officials were identified as Nimesh Manger and Saurabh Bhasin
 "CBI arrests two officials of Ratnakar Bank in bribery case")
Huawei CFO, US reach agreement to resolve bank fraud charges: Report
Meng is expected to appear virtually in a hearing scheduled for later on Friday in Brooklyn federal court.
 "Huawei CFO, US reach agreement to resolve bank fraud charges: Report")
Syndicate Bank fraud case: Enforcement Directorate attaches Rs 5-cr assets
The central probe agency said its investigation in the case was initiated on the basis of an FIR filed by the Bengaluru Police
 "Syndicate Bank fraud case: Enforcement Directorate attaches Rs 5-cr assets")
CBI books Fedderes Electric and its promoters in bank fraud case
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 Friday. The central probe agency conducted a search operation on Friday at seven locations in Delhi, Noida, Gurgaon and Bulandshahr. "It has been alleged in the complaint that the accused including private company & its Directors had cheated the banks by way of diversion of funds and sham transactions with related parties," a CBI spokesperson said. The agency has alleged that the company produced fabricated account books, misrepresented figures to borrow funds and siphoned off various loan proceeds. The allegations were based on forensic audit report, the spokesperson said. Along with the company, the CBI has also booked its promoters Akhtar Aziz Siddiqi, Sham Sundar Dhawan, Bindu Dogara, Ritushri Sharma, Arun Kumar Joshi and Randhir Jain.
 "CBI books Fedderes Electric and its promoters in bank fraud case")
Indian Bank reports 3 NPA accounts worth over Rs 35 cr as fraud to RBI
Indian Bank on Thursday reported three accounts as fraud to the RBI with total outstanding of over Rs 35 crore
 "Indian Bank reports 3 NPA accounts worth over Rs 35 cr as fraud to RBI")
Deepak Puri can be treated in India, not required to go abroad, CBI to HC
Deepak Puri is booked in a bank fraud case
 "Deepak Puri can be treated in India, not required to go abroad, CBI to HC")
CBI books IVRCL in Rs 4,837 cr-bank fraud after extensive searches
The Hyderabad-based firm is under liquidation following an NCLT order in 2019, brought on by mounting debts and defaults
 "CBI books IVRCL in Rs 4,837 cr-bank fraud after extensive searches")
CBI files charge sheet against Aluminex, IOB staff in Rs 300 cr fraud case
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
 "CBI files charge sheet against Aluminex, IOB staff in Rs 300 cr fraud case")
Bank liable for fraudulent card transactions
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
