Follow Us on Google News Patna, March 11 (IANS) The Enforcement Directorate (ED) has filed a Prosecution Complaint (PC) before the Special PMLA Court, Patna in connection with the Rs 83.5 crore fraud at Vaishali Sahari Vikash Cooperative Bank (VSVCB) in Hajipur of Bihar. ED has named Vipin Tiwari, suspended CEO of VSVCB Bank, Sandeep … Read more
Follow Us on Google News New Delhi, March 11 (IANS) The Delhi High Court has observed that it is incumbent on the part of a bank to supply the Forensic Audit Report (FAR) before classifying accounts as “fraud”. A bench of Justice Manoj Jain was hearing a petition challenging the manner in which the accounts … Read more
New Delhi, March 8 (IANS) In a significant move to restore the Proceeds of Crime (POC) to rightful claimants, the Enforcement Directorate (ED), Delhi Zonal Office has successfully restituted property valued at Rs 13.58 crore to victims of the offence of money laundering and rightful claimants in the case of Kamal Kalra, former HDFC Bank … Read more
Gurugram, March 7 (IANS) A cyber crime team of the Gurugram Police has arrested three persons including a woman for allegedly providing a bank account to cyber fraudsters in the name of customer service, officials said. The accused were identified as Nilofar and Abhishek, residents of Kanpur, Uttar Pradesh, and Harshit Shukla, a resident of … Read more
Kochi, March 3 (IANS) The Kerala High Court on Monday ordered the Kerala government to direct the State Level Bankers’ Committee (SLBC) not to take any provocative steps against any Wayanad landslide victim who has defaulted on bank loans, till the matter of loan waiver is decided by the Central government. The Division Bench of … Read more
Bhopal, March 1 (IANS) A former Uco Bank official, his acquaintances, and a private firm face prosecution following an investigation by the Enforcement Directorate (ED) on alleged money laundering. The ED has filed a charge sheet against M/s Maa Bijasen Agro Infrastructure Warehouse and others under the Prevention of Money Laundering Act (PMLA), 2002. This … Read more
New Delhi, Feb 28 (IANS) A new World Bank report on Friday said that India needs to grow by 7.8 per cent on average over the next 22 years to achieve the country’s aspirations of reaching high-income status by 2047 — a target that is possible to achieve. The new ‘India Country Economic Memorandum’ titled … Read more
Guwahati, Feb 27 (Ians) Assam Chief Minister of Application Biswa Sarma on Thursday meter Director Director Auguste Tano koume and held disicsions regarding infrastry projects in the state, officials said. Taking to X, Sarma wrote: “Had a very good meeting with Dr. Auguste Tano Kouamé, World Bank Country Director, India. We discussed etablishing plug and … Read more
New Delhi, Feb 27 (IANS) Stressing the need to balance the rights of a complainant and an innocent bank account holder, the Delhi High Court has cautioned enforcement agencies against blanket freezing of accounts and asked the Centre to frame a policy on such matters. Justice Manoj Jain asked enforcement agencies to act with care, … Read more