Bank Fraud Cases

The Supreme Court on Friday granted bail to Bhushan Steel's former promoter Neeraj Singal in a money laundering case arising from an alleged bank fraud of Rs 46,000 crore.

The manager of a State Bank of India (SBI) branch in Hyderabad and his associates have been arrested in a fraud case worth Rs 175 crore.

The Vadakara Police in Kozhikode district has registered a case against a former branch manager of the Vadakara branch of the Bank of Maharashtra based on a complaint by the new manager.

Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.

A Delhi court has acquitted nine individuals, including a company and four bank officials, in a nine-year-old case related to an alleged Rs 4.8 crore fraud against Canara Bank.

The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of Rs 34,000 crore, officials said Tuesday.

A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years.

A New York court imposed fine on Donald Trump and his sons saying said they lied for years about the value of the assets, deceiving banks and insurers.

The CBI booked five individuals, including a Jaipur-based private company and its directors and promoters, along with others, over allegations of bank fraud amounting to approximately Rs 48.06 crore.

The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the CBI in a loan fraud case was "without application of mind and due regard to the law".

Retired nurse Nga put her life savings into a bond at Vietnam's SCB bank, but now cannot access her money after being caught up with tens of thousands in a multibillion-dollar scam that has shocked the nation.

The Enforcement Directorate on Wednesday raided locations in Jammu and Kashmir, Punjab and Uttar Pradesh in a Rs 200 crore alleged bank loan fraud case linked to the Bharat Papers Ltd. (BPL), official sources said.

In a significant development in the DHFL loan scam case, the Supreme Court today ordered the immediate arrest of former company promoters Kapil Wadhawan and his brother Dheeraj, setting aside a Delhi High Court order granting them statutory bail.

The Enforcement Directorate (ED) on Tuesday said it has attached assets worth more than Rs 30 crore of the promoter of a Kerala-based realty group and concerns linked to him as part of a money-laundering investigation.

The Enforcement Directorate (ED) Friday said it has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud-linked money laundering case against erstwhile Bhushan Steel Ltd.

The Supreme Court on Friday granted bail to Bhushan Steel's former promoter Neeraj Singal in a money laundering case arising from an alleged bank fraud of Rs 46,000 crore.

The manager of a State Bank of India (SBI) branch in Hyderabad and his associates have been arrested in a fraud case worth Rs 175 crore.

The Vadakara Police in Kozhikode district has registered a case against a former branch manager of the Vadakara branch of the Bank of Maharashtra based on a complaint by the new manager.

Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.

A Delhi court has acquitted nine individuals, including a company and four bank officials, in a nine-year-old case related to an alleged Rs 4.8 crore fraud against Canara Bank.

The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of Rs 34,000 crore, officials said Tuesday.

A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years.

A New York court imposed fine on Donald Trump and his sons saying said they lied for years about the value of the assets, deceiving banks and insurers.

The CBI booked five individuals, including a Jaipur-based private company and its directors and promoters, along with others, over allegations of bank fraud amounting to approximately Rs 48.06 crore.

The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the CBI in a loan fraud case was "without application of mind and due regard to the law".

Retired nurse Nga put her life savings into a bond at Vietnam's SCB bank, but now cannot access her money after being caught up with tens of thousands in a multibillion-dollar scam that has shocked the nation.

The Enforcement Directorate on Wednesday raided locations in Jammu and Kashmir, Punjab and Uttar Pradesh in a Rs 200 crore alleged bank loan fraud case linked to the Bharat Papers Ltd. (BPL), official sources said.

In a significant development in the DHFL loan scam case, the Supreme Court today ordered the immediate arrest of former company promoters Kapil Wadhawan and his brother Dheeraj, setting aside a Delhi High Court order granting them statutory bail.

The Enforcement Directorate (ED) on Tuesday said it has attached assets worth more than Rs 30 crore of the promoter of a Kerala-based realty group and concerns linked to him as part of a money-laundering investigation.

The Enforcement Directorate (ED) Friday said it has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud-linked money laundering case against erstwhile Bhushan Steel Ltd.