bank loan fraud

RBI blasts banks on poor compliance; blames it for loan frauds

Jain said in some cases, the lack of compliance has been 'recurring', wherein banks have also ignored RBI's instructions to commit the same mistakes time and again.

published on : 21st August 2019

Enforcement Directorate attaches Rs 110 crore assets of Simbhaoli Sugars Limited

ED claimed bank loans were illegally diverted towards payment of cane dues, loan repayments and other operational expenses by Simbhaoli Sugars.

published on : 2nd July 2019

Bank loan fraud: ED attaches Rs 483-crore assets of Kolkata's Tayal business group

The utilisation of funds, as claimed by the said Tayal group of companies were found to be fictitious.

published on : 14th May 2019

ICICI Bank loan fraud: Ubiquitous Sharad Mhatre locked in Kochhar family enterprise

Two investment companies, Elegant Investrade Pvt Ltd and Daisy Finvest, were used by the Kochhars to further their business interests.

published on : 14th May 2019

PNB invites bids to sell three NPA accounts to recover over Rs 136 crore

Apart from referring potential NPA cases to the Insolvency and Bankturty Code, the banks are also selling off their non-core assets to improve their balance sheets.

published on : 6th July 2018

Indian banks score a win in legal battle against Vijay Mallya

The consortium of 13 banks are seeking to recover funds owed to them by Mallya who is fighting extradition to India to face trial for fraud and money laundering charges worth nearly Rs 9,000 crore.

published on : 6th July 2018

CBI arrests Chirag computer maker RP Infosystems' directors in Rs 515 crore bank loan fraud case

In 2015, R P Infosystems, which manufactured computers with brand name 'Chirag', was booked by the CBI for allegedly cheating IDBI bank to the tune of Rs 180 crore.

published on : 15th March 2018

CBI prepares to summon NDTV promoters for alleged bank loan fraud

The agency sleuths have scrutinised the seized documents and a questionnaire to be put up to the accused is being prepared.

published on : 9th June 2017