Bank fraud

Malware files designed to steal money from banks grew 60 per cent in first quarter

The malware generally looks like a legitimate app, such as a banking application. When a victim tries to reach their genuine bank app, the attackers gain access to that too.

published on : 25th May 2019

Bank fraud case: SC stays PMLA proceedings against former promoter of Subhiksha group

A top court bench headed by Justice Rohinton F Nariman ordered that all PMLA proceedings pending before a special court in Chennai against Subramanian will remain stayed till further orders.

published on : 27th April 2019

15 get three-year imprisonment in 22-year-old Chennai bank fraud case

Enkay Foods Pvt Ltd, who had obtained a loan of Rs 29,87,09, 541 crore for carrying out an import and export business of food products defaulted on the loan payments.

published on : 29th March 2019

Tax department raises Rs 55 crore from selling Nirav Modi paintings

Of the gross proceeds, the department will get a net of Rs 54.84 crore, with the rest being the commission to the auction house Saffronart and the buyers' premium.

published on : 27th March 2019

Bank fraud case: Zylog Systems' Rs 31 crore-assets attached

Probe revealed the said firms had also defaulted bank loans availed from Andhra Bank and Union Bank of India, Chennai, collectively to the tune of Rs 110 crore.

published on : 12th March 2019

UCO bank fraud: Staff diverted Rs 9 crore for favours from private firm

It is also reported that Kommineni Enterprises, in collusion with UCO bank officials, managed to siphon off funds to the tune of Rs 9 crore.

published on : 3rd March 2019

Manager, two others booked for Rs 21.86 crore bank fraud

According to the complaint filed by the zonal manager of the bank, the fraud was executed between 2013 and 2016, when Saroja was serving as the manager of the bank.

published on : 3rd March 2019

Rs 41,167 crore given in the name of best friends: Rahul Gandhi attacks government over bank losses

The Congress president cited a news report quoting the Reserve Bank of India (RBI) that banks lost Rs 41,167 crore in 2017-18.

published on : 31st December 2018

Bank fraud: ED files charge sheet against Vadodara-based firm in Rs 2,600-crore fraud

The agency, in April this year, had attached assets worth over Rs 1,122 crore, including wind mills and an under-construction hotel, of the company.

published on : 27th December 2018

CBI books Delhi-based kidswear retailer for cheating bank of Rs 20 crore

It is alleged that the company and its officials fabricated balance sheets to avail a loan, which was not repaid to the bank.

published on : 26th December 2018

Fraudsters take to e-com platforms to dupe public

The next time you visit an e-commerce website, be cautious about fake advertisements of products you may come across.

published on : 23rd December 2018

Bank manager, cashier in Odisha's Bhawanipatna arrested

The branch manager is said to have paid a sum of over Rs 1.23 crore from bank funds with the help of his car in order to pay a deposit amount of a lottery prize.

published on : 21st December 2018

Biggest bank fraud and RBI Governor's resignation mark a dismal banking year

India continued to be the fastest growing big economy during 2018 with its GDP rising at above 7 per cent, after having slipped to 6.7 per cent in the previous financial year.

published on : 18th December 2018

Rs 1.10 lakh crore lost to bank frauds since 2015, reveals data released by RBI

There has not been any let-up in cases of bank fraud despite measures and a crackdown by the government.

published on : 17th December 2018

Bank of India correspondent held for fraud in Odisha's Balasore

The Economic Offences Wing (EOW) of Crime Branch arrested business correspondent of Bank of India for fraud.

published on : 16th December 2018
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