Page 2 - Bank Fraud
CBI searches 3 locations in Delhi in Rs 1,800-crore bank fraud case
The CBI on Friday carried out searches at three locations here after booking Jay Polychem Ltd in a Rs 1,800-crore alleged bank fraud in the State Bank of India, officials said.
 "CBI searches 3 locations in Delhi in Rs 1,800-crore bank fraud case")
CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud
The CBI has booked Delhi-based Amira Pure Foods Pvt Ltd and its top executives including promoter Karan Chanana and Managing Director Rajesh Arora for allegedly cheating a consortium of a dozen banks
 "CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud")
A year later, PMC Bank depositors still struggling to get their money back
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
 "A year later, PMC Bank depositors still struggling to get their money back")
Top headlines: Apple's first online store in India, RBI' OMOs, and more
Here are the top headlines of the day
 "Top headlines: Apple's first online store in India, RBI' OMOs, and more")
CBI searches 5 places in Delhi, MP for Rs 938 cr SBI loan fraud case
The searches were being carried out in Madhya Pradesh's Morena and the office premises of KS Oils Ltd on Delhi's Barakhamba Road, as also of its Managing Director and promoters
 "CBI searches 5 places in Delhi, MP for Rs 938 cr SBI loan fraud case")
Bank fraud case: CBI raids multiple locations in Madhya Pradesh's Morena
A team of the Central Bureau of Investigation (CBI) is conducting raids at multiple locations in Morena in connection with a bank fraud case
 "Bank fraud case: CBI raids multiple locations in Madhya Pradesh's Morena")
ED slaps biggest ever FEMA notice of Rs 7,220-cr on Kolkata jewellery firm
The central probe agency has charged Shree Ganesh Jewellery House Ltd and its promoters by an order issued by the adjudicating authority of FEMA in Kolkata
 "ED slaps biggest ever FEMA notice of Rs 7,220-cr on Kolkata jewellery firm")
Rs 411-crore fraud: SBI approaches CBI as three loan defaulters flee India
Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank
 "Rs 411-crore fraud: SBI approaches CBI as three loan defaulters flee India")
Parliament: Why govt has no record on farmer income, who will own LIC
Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth
 "Parliament: Why govt has no record on farmer income, who will own LIC")
FinMin's new measures to protect prudent commercial decision of bankers
Finance Minister Nirmala Sitharaman at several occasions assured bankers that adequate measures would be taken to protect honest commercial decisions taken by them
 "FinMin's new measures to protect prudent commercial decision of bankers")
Bank fraud case: ED attaches media group's assets worth over Rs 124 crore
The group companies "fraudulently" availed loans to the tune of Rs 2,600 crore from banks
 "Bank fraud case: ED attaches media group's assets worth over Rs 124 crore")
PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht
These assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender
Courts crack whip on Mallya, Nirav Modi in 2019; relief for Ajit Pawar
Under the Fugitive Economic Offences Act, the court can order attachment of offenders' properties
 "Courts crack whip on Mallya, Nirav Modi in 2019; relief for Ajit Pawar")
AIIMS duped of Rs 12 cr as fraudsters withdraw money using 'cloned cheques'
The money was illegally withdrawn from the AIIMS' accounts in the State Bank of India at its non-home branches in other cities
 "AIIMS duped of Rs 12 cr as fraudsters withdraw money using 'cloned cheques'")
DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28
The UP Power Corporation Contributory Provident Fund Trust also has an intervenor application, seeking release of Rs 4,100 crore
 "DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28")
PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?
State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore
 "PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?")
PMC Bank scam: ED to attach HDIL promoters' plush Alibaug property
The bungalow is spread across 2.5 acres; valuation being assessed
 "PMC Bank scam: ED to attach HDIL promoters' plush Alibaug property")
Who is allowing bank frauds? Priyanka to govt as RBI reports rise in cases
Congress' chief spokesperson Randeep Surjewala also hit out at the government over the rising number of bank frauds
 "Who is allowing bank frauds? Priyanka to govt as RBI reports rise in cases")
Bank frauds rise 15% in 2018-19, amount pegged at Rs 71,543 cr: RBI
Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19. It was followed by private sector banks and foreign banks
CBI court convicts former Central Bank of India manager, 2 others for fraud
It was alleged that they fabricated documents and caused a loss of Rs 1 cr to the bank
 "CBI court convicts former Central Bank of India manager, 2 others for fraud")
