Bank fraud

Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. In many instances, bank fraud is a criminal offence. While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime.

Types of bank fraud

Stolen checks

Fraudsters may seek access to facilities such as mailrooms, post offices, offices of a tax authority, a corporate payroll or a social or veterans' benefit office, which process cheques in large numbers. The fraudsters then may open bank accounts under assumed names and deposit the cheques, which they may first alter in order to appear legitimate, so that they can subsequently withdraw unauthorised funds.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Bank_fraud

Latest News for: Bank fraud case

PNB Fraud: Danger to my life in India, says Mehul Choksi

DNA India 22 Sep 2018

The court on May 22 this year, after taking cognisance of the second charge sheet filed in the Rs 13,000 crore Punjab National Bank fraud case, issued the non-bailable warrant against Choksi ... He further claimed that the callers said that such treatment would send out a strong message to society and prevent further cases of frauds and fiscal scams....

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Choksi Seeks Cancellation of Warrant After ‘Threats’ on TV Debate

Yahoo Daily News 22 Sep 2018

Fugitive jeweller Mehul Choksi, a co-accused in the Punjab National Bank fraud case, on Friday, 21 September, moved the special CBI court here for cancellation of a non-bailable warrant (NBW) against him claiming he has reasons to believe that his return to India might endanger his life....

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Delhi: PNB employee, son held over Rs 7.5-cr loan fraud

DNA India 22 Sep 2018

The loan was issued from PNB Brady House, Mumbai branch where fugitive diamond merchant Nirav Modi is also booked in a multi crore bank fraud scam ... Loan was sanctioned against collateral security of properties that were bogus and never existed Delhi Police Economic Offences Wing Ajay Sharma Punjab National Bank Nirav Modi PNB Suresh Amarjeet Singh PNB scam P K Varun PNB bank loan fraud case PNB Brady House Suvashis Choudhary....

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Bar owner, bank manager held for Rs 7.5 crore loan fraud

Hindustan Times 22 Sep 2018

The then manager of this branch, Sheetal Gang, has been absconding after a case was registered in connection with the fraud, Delhi Police said in a statement issued on Friday ... A team of the economic offences wing (EOW) made the arrests between September 11 and September 20 from different areas in Delhi following a cheating and fraud case filed by the PNB in 2017....

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PNB fraud: People will kill me, Mehul Choksi cites TV debate to get non-bailable warrant cancelled

DNA India 21 Sep 2018

Fugitive jeweller Mehul Choksi, a co-accused in the Punjab National Bank fraud case, on Friday moved the special CBI court in Mumbai for cancellation of a non-bailable warrant against him claiming he has reasons to believe that his return to India might endanger his life ... Choksi claimed that the callers said that such treatment would send out a strong message to society and prevent further cases of frauds and fiscal scams....

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PNB fraud: Mehul Choksi moves special CBI court for cancellation of non-bailable warrant against him

India TV 21 Sep 2018

Fugitive jeweller Mehul Choksi, a co-accused in the Punjab National Bank fraud case, on Friday moved the special CBI court here for cancellation of a non-bailable warrant against him claiming he has reasons to believe that his return to India might endanger his life ... PNB fraud case by the CBI, the special court had issued the NBW against Choksi....

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PNB fraud: Mehul Choksi cites TV debate in plea to get non-bailable warrant cancelled

The Times of India 21 Sep 2018

Fugitive jeweller Mehul Choksi, a co-accused in the Punjab National Bank fraud case, on Friday moved the special CBI court here for cancellation of a non-bailable warrant against him claiming he has reasons to believe that his return to India might endanger his life ... Choksi claimed that the callers said that such treatment would send out a strong message to society and prevent further cases of frauds and fiscal scams....

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Mehul Choksi Seeks Cancellation of Warrant After Callers 'Threaten' Him on TV Debate

News18 21 Sep 2018

Fugitive jeweller Mehul Choksi, a co-accused in the Punjab National Bank (PNB) fraud case, on ......

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Essar Steel auction: Attention turns to ArcelorMittal#39;s stake sale in Uttam Galva

Moneycontrol 21 Sep 2018

Numetal’s advocate Mukul Rohatgi called ArcelorMittal's sale of Uttam Galva stake at Rs 1 a share as a case of “fraud.” The stake sale is misleading the public, banks and the court, he said ... To push its case, Numetal earlier this week submitted a letter that State Bank of India had sent ArcelorMittal in April ... “It’s a breach of contract, but not a fraud....

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Mehul Choksi seeks cancellation of NBW over threat to life on TV

Suryaa 21 Sep 2018

Mumbai  Gitanjali Group owner Mehul Choksi, wanted in Rs 13,500 crore Punjab National Bank (PNB) fraud case, on Friday moved a special CBI court claiming danger to his life after his return to India and sought cancellation of a non-bailable warrant issued against him ... On May 22 this year, the court had issued the NBW against Choksi after taking cognisance of the second charge sheet filed in the PNB fraud case by the CBI....

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PNB fraud: Mehul Choksi seeks cancellation of NBW over threat to life on TV

Suryaa 21 Sep 2018

Mumbai, Sep 21 (IANS) Gitanjali Group owner Mehul Choksi, wanted in Rs 13,500 crore Punjab National Bank (PNB) fraud case, on Friday moved a special CBI court claiming danger to his life after his return to India and sought cancellation of a non-bailable warrant issued against him ... the second charge sheet filed in the PNB fraud case by the CBI....

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Why you must change your debit and credit cards by December 31

Yahoo Daily News 21 Sep 2018

Banks are sending messages to every account holder asking them to upgrade their debit and credit cards ... This one is a useful message from the bank you have deposited your money with ... Banks have to follow the directions of the RBI ... Your money must be secured with the banks ... Debit and credit card piracy has been a major issue, as has been found in online banking fraud cases ... Banks bear the cost for new cards....

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PNB fraud: Mehul Choksi cites TV debate phone-in in plea to get NBW cancelled

One India 21 Sep 2018

Mumbai, Sep 21. Fugitive jeweller Mehul Choksi, a co-accused in the Punjab National Bank fraud case, on Friday moved the special CBI court here for cancellation of a non-bailable warrant against him claiming he has reasons to believe that his return ... ....

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