Latest News for: Bank fraud case

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Attracting ‘new money’ will be a challenge for the ARC

Business Line 28 Feb 2021
What will be the criteria for identification of assets to be sold? It is learnt that the Indian Banks Association (IBA) has called for data in respect of consortium lending above ₹500 crore with some riders, such as exclusion of liquidation cases, fraud cases and cases under resolution in IBC where resolution is in sight, from all banks.
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DHFL’s Rs 7,500 crore funds stuck in 8 big Mum realty projects

The Times of India 28 Feb 2021
Incidentally, in 2019, Avenue 54 was taken over by Yes Bank after the developer, Sumer Radius Realty, failed to repay a Rs 479-crore loan ... Last month, the Reserve Bank of India approved Piramal Group’s takeover of DHFL for Rs 37,250 crore ... * In May 2020, ED arrested DHFL promoters Kapil and Dheeraj Wadhawan in the Yes Bank fraud case.
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Nirav Modi Extradition: How CBI Fought Covid-19 Restrictions, Tough Defence Team To Win In UK Court

Yahoo Daily News 28 Feb 2021
Nirav is wanted in India on charges of fraud and money laundering in the estimated US$ 2-billion Punjab National Bank (PNB) scam case. He is the subject of two sets of criminal proceedings, with the CBI case relating to a large-scale fraud upon PNB through the fraudulent obtaining ...
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JEFF PRESTRIDGE: Refreshing to hear Helena Morrissey break ranks and speak out against Neil Woodford ...

The Daily Mail 27 Feb 2021
Although the Payment Systems Regulator is now considering ways to beef up the protection available to victims of certain types of financial fraud, the banks surely need to be doing more than they currently are ... The battle against financial fraud requires banks, customers and the regulator ALL to play their part in fighting the common enemy.
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CBI searches at 5 locations in Haryana in bank fraud case

TeluguStop 26 Feb 2021
... in connection with its probe into a Rs 176.28 crore bank fraud.
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Bank-fraud case: CBI carries out searches against Rohtak-based firm

Yahoo Daily News 26 Feb 2021
New Delhi, Feb 26 (PTI) The CBI has booked Rohtak-based Lakshmi Precision Screws Limited for an alleged fraud of Rs 176.28 crore involving a consortium of banks and carried out searches at five locations in connection with the case on Friday, officials said.
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Businesswoman Staveley loses Barclays court battle for damages

Metro USA 26 Feb 2021
The civil case revolved around how the bank ... Barclays, one of the few British banks to avoid a bailout in 2008, escaped criminal charges over the 2008 fundraising in 2018 and three former executives were cleared of fraud last year in a case brought by the Serious Fraud Office.
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Diamond tycoon Modi loses bid to avoid extradition to India

Arab News 26 Feb 2021
Diamond tycoon Nirav Modi lost his bid Thursday to avoid extradition from Britain to India to face allegations he was involved in a $1.8 billion bank fraud. District Judge Samuel Goozee ruled in London that the fugitive jeweler has a case to answer before the Indian courts.
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Justice Katju’s expert opinion in Nirav Modi case “less than objective,” says District Judge Samuel Gooze

The Siasat Daily 26 Feb 2021
Even as the UK’s West Minister’s Magistrate court on Thursday cleared the decks for the extradition of fugitive diamond merchant Nirav Modi in connection with the Rs 13,500 crore Punjab National Bank fraud case, District Judge Samuel Gooze came down heavily on former ...
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Nirav Modi's extradition to India cleared: What next

Hindustan Times 26 Feb 2021
Nirav Modi, who is wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) fraud case, lost his nearly two-year-long legal battle against extradition on all grounds as Goozee also said that there are no human rights concerns ...
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Mumbai's Arthur Road jail prepared to lodge fugitive diamond merchant Nirav Modi - details here

DNA India 26 Feb 2021
Nirav Modi, wanted in India on charges of Rs 13,600-crore fraud and money laundering in Punjab National Bank (PNB) scam case will soon be extradited to India from UK ... Punjab National Bank scam case ... Arthur Road Jail Mumbai money laundering case fugitive punjab national ...
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UK court clears Nirav Modi’s extradition: All you need to know about case, what follows

Hindustan Times 26 Feb 2021
A UK court on Thursday cleared diamantaire Nirav Modi’s extradition to India as it found him guilty of fraud and money laundering in the Punjab National Bank ... • The court said Modi has a case to answer and added he and his brother, Nehal Modi, and others, defrauded the public ...
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Mumbai's Arthur Road jail readies special cell for Nirav Modi

India TV 26 Feb 2021
With a UK court ruling in favour of extradition of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering in Punjab National Bank (PNB) scam case, Mumbai's Arthur Road jail has kept a special cell ready to lodge him, an official said on Friday.
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