New Delhi, Feb 11 (IANS) A former chief manager of a public sector bank in Ahmedabad was sentenced to three years’ imprisonment by a Special CBI court with a fine of Rs 1.5 lakh in a fraud case involving the sanctioning of loans worth Rs 80 lakh based on forged documents. Special CBI Court, Ahmedabad, … Read more
Kochi, Feb 8 (IANS) Time and again Kerala wakes up to financial frauds by fly-by-night operators who offer fancy returns, and the latest one that has gripped the three major political fronts is a Rs 1,000 crore fake Corporate Social Responsibility (CSR) fund scam. As usual, the losers in this scam were the gullible common … Read more
Bhubaneswar, Feb 8 (IANS) The Directorate General of GST Intelligence (DGGI) of the Bhubaneswar Zonal Unit has arrested three persons for their alleged involvement in issuing fake invoices and fraudulently passing on Input Tax Credit (ITC) amounting to Rs 16.96 crore without actual supply of goods. As per a press statement issued by DGGI on … Read more
Anand, Feb 7 (IANS) An NRI youth has allegedly been cheated of Rs 1.30 crore under false promises in Gujarat. The Vidyanagar Police have registered a complaint against a man identified as Milan alias Manu Patel, a follower of Haridham Sokhada, who allegedly exploited the victim’s trust in the name of religious service and investment … Read more
Mumbai, Feb 7 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra announced on Friday that the central bank is introducing the ‘bank.in’ exclusive Internet Domain for Indian banks to combat increased instances of fraud in digital payments. This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial … Read more
Chennai, Feb 6 (IANS) A CBI Special Court in Madurai has sentenced five individuals, including G. Balasubramanian, former Chief Manager of Indian Overseas Bank, Palayamkottai branch (Tamil Nadu), to three years of rigorous imprisonment in a bank fraud case. The other four convicted individuals are private persons N. Kalyanasundaram, K. Annasaraswathi, D. Mohanraj, and K. … Read more
New Delhi, Feb 6 (IANS) The Enforcement Directorate (ED) has filed a charge sheet at a special court in Ghaziabad, accusing multiple individuals and firms of being involved in a significant loan fraud case. The complaint, filed on December 13, 2024, includes charges under the Prevention of Money Laundering Act (PMLA), 2002, against Rajeev Tyagi, … Read more
Porbandar, Feb 5 (IANS) Two individuals in Gujarat’s Jamnagar district and their associates allegedly duped a youth from Vachhoda village, Porbandar taluka, of Rs 19.80 lakh by promising him a work visa for the UK. An official said that following a police investigation, two accused have been arrested, and legal action is underway. He said … Read more
Bhubaneswar, Feb 5 (IANS) The Economic Offences Wing (EOW) of Odisha Police on Wednesday arrested a couple in a Rs 1.3 crore bank fraud case, said a senior EOW official. The accused couple identified as Ashirbad Pattnaik and his wife Manogyan Pattnaik were nabbed from the Patia area in Bhubaneswar. The EOW sleuths apprehended the … Read more