Bank Fraud Case

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Man held for stealing cheques, encashing them in fake accounts

The Times of India 25 Oct 2021

In yet another case of bank fraud, Prakasam police arrested a man who was following a unique modus operandi to steal money from bank accounts ... He would then open bank accounts with the same name and encash the cheque by depositing the cheques in the account ... in multiple banks.

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Why India’s Positive Pay System important to NRI bank customers

Gulf News 23 Oct 2021

... for banks to implement this system from January 1, 2021, to safeguard customers against cheque frauds, especially cheque transactions involving large amounts ... The new banking rule comes at a time Indian banks have been facing significant rise in cheque fraud cases and disputes.

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Why India’s Positive Pay System is important to NRI bank customers

Gulf News 23 Oct 2021

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Texas Lt. Gov. Dan Patrick has paid his first voter fraud bounty. It went to ...

Finger Lakes Times 23 Oct 2021

With few strings attached, and more cases of alleged GOP voting fraud still in Pennsylvania courts, Patrick may be asked to shell out even more cash to his opponents. This case also undercuts unsubstantiated GOP concerns that widespread voter fraud helped hand the White House to Joe Biden, political experts said.

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Court to pronounce order on Gautam Thapar bail plea on October 30

Live Mint 23 Oct 2021

Thapar was arrested in connection with a money laundering case relating to an alleged bank loan fraud case ... MORE FROM THIS SECTIONSee All ... Premium Premium COVID-19 cases on the rise in China as Beijing, several ... The probe agency had arrested Gautam Thapar in a money laundering case following searches at multiple locations in Delhi and Mumbai ... Ltd ... .

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Madhya Pradesh: CBI books BJP MLA in Rs 29 crore bank fraud case

The Times of India 22 Oct 2021

The anti-corruption branch of the Central Bureau of Investigation (CBI) at Bhopal on Friday registered a case against Surendra Patwa, a BJP MLA from Bhojpur, and his relatives in connection with an alleged fraud of Rs 29.41 crore ... Case pertains to a loan of Rs 36 crore taken from ...

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ed-accelerates-efforts-to-bring-back-14-economic-offenders-holed-up-in-tax-and-fugitive-havens

The Wire 22 Oct 2021

Sources said this matter is expected to grab his attention as soon as he takes charge, particularly because it continues to be an uphill battle for the ED to lay its hands on Mallya who is fighting extradition in UK, or bring back Nirav Modi, who is in UK jail fighting his extradition case in the multi-crore PNB bank fraud case.

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Banks may set up central repository to tackle gold loan frauds

Business Line 21 Oct 2021

“Banks are witnessing cases of these frauds in their gold loan portfolio in recent times. “While specialised gold loan non-banking financial companies (NBFCs) are also seeing fraud cases in recent times, they are better placed in protecting themselves against such frauds,” said ...

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Texas' first voter fraud bounty blows up in their face

Democratic Underground 21 Oct 2021

With few strings attached, and more cases of alleged GOP voting fraud still in Pennsylvania courts, Patrick may be asked to shell out even more cash to his opponents. This case also undercuts ... Its my belief that they were trying to get cases of Democrats doing voter fraud.

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Could Brian Laundrie’s notebook found by FBI explain what happened to him?

The Independent 21 Oct 2021

Following the FBI’s announcement that a notebook of Brian Laundrie’s has been found, criminologists suggest it could contain answers about what happened to his fiancé Gabby Petito ... He said in an interview with CNN ... She continued ... Mr Laundrie has only been named a ‘person of interest’ in her case, although he is wanted by the FBI on bank fraud charges.

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Nirav Modi UK extradition appeal to be heard on December 14

The Times of India 20 Oct 2021

... and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case ... The high court also noted that the District Judge's approach to the identification of a prima facie case in the estimated $2-billion Punjab National Bank (PNB) fraud case was “correct”.

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Nirav Modi UK extradition appeal to be heard on Dec 14

Hindustan Times 20 Oct 2021

... and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case ... The High Court also noted that the District Judge’s approach to the identification of a prima facie case in the estimated USD 2-billion Punjab National Bank (PNB) fraud case was “correct”.

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‘Bottleneck affecting investigation’: CBI to SC

The Siasat Daily 20 Oct 2021

These requests were made for investigating trap cases, disproportionate assets cases, cases relating to allegation of cheating, forgery, misappropriation and loss of foreign exchange, and also bank fraud cases ... Requests in approximately 78 per cent cases were pending, which mainly ...

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‘Achieved 65-70% convictions, aim for 75%’: CBI to SC on prosecution success rate

The Siasat Daily 20 Oct 2021

The central agency pointed out that delay in taking up cases leads to destruction of evidence, and 78 per cent requests for investigation of cases — mainly pertaining to bank frauds of high magnitude – are pending with eight states.

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Withdrawal of general consent has hit work: CBI

The Times of India 20 Oct 2021

... withdrawn consent, forcing the agency to approach them on a case-to-case basis ... Some of the cases denied involved high financial stakes ... “Requests in approximately 78% cases were pending, which mainly pertained to bank frauds of high magnitude impacting the economy of the country.