bank fraud

bank fraud News

Bank fraud: Brother duo withdraw bail pleas from Gujarat High Court

Justice Sonia Gokani on Tuesday disposed the petitions after Bhatnagars’ lawyers informed the court that they want to withdraw the case.

Mumbai: Fraudsters list own cellphone numbers as bank helplines, cheat customers

An officer from the cyber police station said, “While we don’t have specific data... we have received several complaints where a similar modus operandi has been used over the past few months. Last month, a student from Andheri lost Rs 10,000 in a similar way after looking for the customer service number of a bank online.”


Delhi: F Bar owner, bank official among 4 held for loan fraud

“False documents and reports pertaining to site inspection and revenue records were made to facilitate the loan, which was used to open F Bar...,” said ACP (EOW) Suvashish Chaudhary.

Mumbai: Rs 8.39 lakh fraudulently debited, ex-bank employee booked

“The manager found that the copy of the passport attached to the application seemed different than the one that was submitted while the account was opened. By then, however, the request had been processed and the contact details changed,” the officer said.

30 held for cheating SBI credit card holders of Rs 5 crore

Cyberabad Police Commissioner V C Sajjanar said that they acted on a complaint that some unknown persons posing as SBI Credit Card division staff called up customers, collected card details and carried out monetary transactions through online portals.

Over 23,000 bank fraud cases involving Rupees one lakh crore in 5 years: RBI

The highest ever amount of Rs 28,459 crore is said to have been involved in these cases of fraud reported from April, 2017, to March 1, 2018, the central bank said. In 2016-17, banks had reported 5,076 cases of fraud involving Rs 23,933 crore.


Gujarat bank fraud: Assets worth Rs 1,122 crore of Bhatnagars attached, says ED

An ED release said that properties of Diamond Power Transformer Ltd (DPIL) and its related companies — Diamond Projects Ltd, Mayfair Leisures and Northway Spaces — have been attached by the agency.  

Rs 2,654 crore bank fraud: Bhatnagars checked in as ‘Vermas’ at Udaipur hotel to evade arrest

The trio, promoters of Diamond Power Infrastructure Limited (DPIL), had been evading arrest since March 26 when they were booked by the CBI for allegedly cheating a consortium of 11 banks “by falsification of accounts, creation of false documents, forgery of records etc”

Rs 2,654 crore bank fraud: Bhatnagar trio held from Udaipur hotel

Vadodara-based businessman Suresh N Bhatnagar and his two sons — Amit and Sumit Bhatnagar — were evading arrest for more than a week after they were booked for allegedly defrauding a consortium of 11 banks to the tune of Rs 2,654 crore.

CBI books former UCO Bank CMD Arun Kaul for alleged fraud of Rs 621 crore, searches underway

The revelations come just days after the investigating agency had registered a case amounting to Rs 19.03 crore sanctioned by the bank to 18 fake borrowers under various home and property loan schemes with concessional interest rates in 2013 and 2016.