bank loan fraud

Bank loan fraud: Enforcement Directorate attaches Rs 42-crore assets of Kolkata company

A provisional order for attaching 11 properties of Shree Mahalaxmi Corporation Pvt Ltd has been issued under the Prevention of Money Laundering Act.

published on : 22nd November 2021

Kerala couple dupes banks of Rs 1.59 crore using forged documents

Their modus operandi came to light after a bank conducted a detailed check on the documents submitted, which were found to be fake.

published on : 5th October 2021

Enforcement Directorate arrests two in Shakti Bhog bank loan fraud PMLA case

The arrests came after Enforcement Directorate raided over a dozen premises in Delhi and Uttar Pradesh on September 17.

published on : 25th September 2021

Bank fraud: ED arrests Shakti Bhog CMD in money laundering case

According to the SBI, the directors allegedly falsified accounts and forged documents to siphon off public funds.

published on : 5th July 2021

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