Corporate Fraud In India

A special CBI court on Thursday granted bail to Kapil Wadhawan, former director of erstwhile mortgage firm Dewan Housing Finance Corporation Ltd (DHFL), in an alleged loan fraud case linked to Yes Bank.

Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a year-long investigation by the government has found. However, the company did go through lapses in its corporate governance structure, the government added.

The CBI assailed in the Supreme Court the statutory bail granted by courts below to former Dewan Housing Finance Corporation Limited promoters Kapil Wadhawan and his brother Dheeraj in connection with a multi-crore rupees bank loan scam case.

The US government concluded that short-seller Hindenburg Research's allegations of corporate fraud against Indian billionaire Gautam Adani weren't relevant before extending his conglomerate as much as $553 million for container terminal in Sri Lanka

The Central Bureau of Investigation (CBI) has opposed the regular bail petition of businessman Ajay Ramesh Nawandar, arrested in connection with an alleged bank fraud of Rs 34,615 crore by Dewan Housing Finance Corporation Limited (DHFL).

An AgustaWestland helicopter was seized from the property of a builder accused of money laundering and cheating in the Rs 34,000 crore Diwan Housing Finance Corporation Ltd scam case, India's biggest bank fraud.

The CBI has brought Dewan Housing Finance Corporation Ltd's former Managing Director Kapil Wadhawan and Director Dheeraj Wadhawan to Delhi for a court hearing in connection with the Rs 34,815 crore scam in banks.

Srei Equipment Finance said its administrator has received a report from transaction auditor about certain fraud transactions in 2019-20 and 2020-21

Corporate affairs ministry will enter all complaints received against companies in its electronic registry

SBI said it has been diligently following the ABG Shipyard fraud case with the CBI, following the forensic audit report

CBI has filed a charge sheet against YSR Congress MP Raghu Ramkrishna Raju and 15 other individuals and companies in connection with alleged loan fraud case of Rs 947 crore with Power Finance Corporation Limited (PFC), other lenders, officials said.

The CBI has filed a charge sheet against former chairman cum managing director Ramnath Pradeep of Corporation Bank and other executives in connection with alleged loss of Rs 79 crore incurred by the bank due to loan default by a company.

The Economic Offences Wing of the Delhi Police questioned Nayati Healthcare chairperson Niira Radia for nearly four hours in connection with an alleged Rs 300-crore loan embezzlement case, officials said on Sunday.

The Delhi Police Economic Offences Wing has served a notice to Niira Radia and other promoters and directors of Nayati Healthcare and research NCR Pvt Ltd to join probe in connection with alleged embezzlement of over Rs 300 crore of bank loan.

The Enforcement Directorate on Thursday said it has attached assets worth over Rs 146 crore in a money laundering case linked to alleged fraud at the State Trading Corporation of India Ltd (STCL), which is a public sector enterprise.

A special CBI court on Thursday granted bail to Kapil Wadhawan, former director of erstwhile mortgage firm Dewan Housing Finance Corporation Ltd (DHFL), in an alleged loan fraud case linked to Yes Bank.

Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a year-long investigation by the government has found. However, the company did go through lapses in its corporate governance structure, the government added.

The CBI assailed in the Supreme Court the statutory bail granted by courts below to former Dewan Housing Finance Corporation Limited promoters Kapil Wadhawan and his brother Dheeraj in connection with a multi-crore rupees bank loan scam case.

The US government concluded that short-seller Hindenburg Research's allegations of corporate fraud against Indian billionaire Gautam Adani weren't relevant before extending his conglomerate as much as $553 million for container terminal in Sri Lanka

The Central Bureau of Investigation (CBI) has opposed the regular bail petition of businessman Ajay Ramesh Nawandar, arrested in connection with an alleged bank fraud of Rs 34,615 crore by Dewan Housing Finance Corporation Limited (DHFL).

An AgustaWestland helicopter was seized from the property of a builder accused of money laundering and cheating in the Rs 34,000 crore Diwan Housing Finance Corporation Ltd scam case, India's biggest bank fraud.

The CBI has brought Dewan Housing Finance Corporation Ltd's former Managing Director Kapil Wadhawan and Director Dheeraj Wadhawan to Delhi for a court hearing in connection with the Rs 34,815 crore scam in banks.

Srei Equipment Finance said its administrator has received a report from transaction auditor about certain fraud transactions in 2019-20 and 2020-21

Corporate affairs ministry will enter all complaints received against companies in its electronic registry

SBI said it has been diligently following the ABG Shipyard fraud case with the CBI, following the forensic audit report

CBI has filed a charge sheet against YSR Congress MP Raghu Ramkrishna Raju and 15 other individuals and companies in connection with alleged loan fraud case of Rs 947 crore with Power Finance Corporation Limited (PFC), other lenders, officials said.

The CBI has filed a charge sheet against former chairman cum managing director Ramnath Pradeep of Corporation Bank and other executives in connection with alleged loss of Rs 79 crore incurred by the bank due to loan default by a company.

The Economic Offences Wing of the Delhi Police questioned Nayati Healthcare chairperson Niira Radia for nearly four hours in connection with an alleged Rs 300-crore loan embezzlement case, officials said on Sunday.

The Delhi Police Economic Offences Wing has served a notice to Niira Radia and other promoters and directors of Nayati Healthcare and research NCR Pvt Ltd to join probe in connection with alleged embezzlement of over Rs 300 crore of bank loan.

The Enforcement Directorate on Thursday said it has attached assets worth over Rs 146 crore in a money laundering case linked to alleged fraud at the State Trading Corporation of India Ltd (STCL), which is a public sector enterprise.