Fixed Deposit Fraud

Agricultural land, bank balances and fixed deposits worth more than Rs 2 crore of IFS officer Neeharika Singh have been provisionally attached under the anti-money laundering law in a probe linked to alleged investment fraud, the ED said.

The CBI has filed a charge sheet against 18 people, including an Indian Bank branch manager, in connection with the Rs 45.40-crore fixed deposit fraud of Chennai Port Trust, officials said on Wednesday.

A manager of a Vadodara-based public sector bank was arrested on Monday along with three others for allegedly withdrawing Rs 1.75 crore from a fixed deposit and transferring the money to two other accounts using forged documents, the police said.

Seven people were arrested for allegedly trying to defraud a leading private sector bank of Rs 50 crore by attempting to pass off fake fixed deposit slips as original, the police said today.

Agricultural land, bank balances and fixed deposits worth more than Rs 2 crore of IFS officer Neeharika Singh have been provisionally attached under the anti-money laundering law in a probe linked to alleged investment fraud, the ED said.

The CBI has filed a charge sheet against 18 people, including an Indian Bank branch manager, in connection with the Rs 45.40-crore fixed deposit fraud of Chennai Port Trust, officials said on Wednesday.

A manager of a Vadodara-based public sector bank was arrested on Monday along with three others for allegedly withdrawing Rs 1.75 crore from a fixed deposit and transferring the money to two other accounts using forged documents, the police said.

Seven people were arrested for allegedly trying to defraud a leading private sector bank of Rs 50 crore by attempting to pass off fake fixed deposit slips as original, the police said today.