Bank frauds

Fraudsters used 6,500 bank accounts to split Rs 58 crore they cheated from 72-year old Mumbai share trader and his wife to avoid money getting tracked

October 17, 2025 4:45 pm

The official added that after withdrawing the money by cheque, they deposit the money in another account of the same bank which is unlinked to the other accounts and thus, is not traced by cops.

Digital arrest scam: Even as MHA, RBI act to curb cyber fraud, citizens lose over Rs 2,500 crore in 2 years

September 16, 2025 9:38 am

Banks, regulators race to contain rising scam

3 arrested for 'siphoning off' Rs 25.54 lakh from Chandigarh resident’s bank account

August 24, 2025 11:04 pm

So far, the police have secured a lien amount of Rs 5.43 lakh in the accused person's bank accounts

Seva Vikas Co-operative Bank fraud case: Depositors to get lost money after liquidation of former bank chairman's properties worth Rs 45 crore

August 23, 2025 11:32 am

On Friday, the ED said that an application under Section 8 (8) of the Prevention of Money Laundering Act (PMLA) was moved by the liquidator of the co-operative bank before the special PMLA court.

Gujarat: CBI court sentences former bank manager, 4 others to five years' RI in fraud case dating back to 2006

July 01, 2025 12:24 am

A statement from CBI on Monday said the court convicted and levied a fine of Rs 1 lakh each on three firms – M/s Tulsi Pharma Distributors, Porbandar; M/s Tulsi Telecom, Porbandar; and M/s Vachhraj Petroleum, Porbandar

Fraudsters use customer’s cell phone to hack Himachal co-op bank server, steal Rs 11.55 crore

May 18, 2025 9:32 am

A zero FIR was filed with the Sadar police station in Shimla by the bank’s Chief Information Security Officer.

Bank fraud from 1986, a conviction 4 decades on: How oldest case in Delhi’s lower courts went through multiple judges

March 03, 2025 11:14 am

For nearly four decades, the files of this bank fraud case, now tattered and frayed, have traversed the chambers of innumerable judges — 11 in the last five years alone

CBI court in Ahmedabad awards former banker 7-year jail, Rs 15 lakh fine for fraud

January 25, 2025 5:36 am

During trial, more than 47 prosecution witnesses were examined and over 152 documents/ exhibits were relied upon, in support of the charges against the accused.

Ahmedabad: ED provisionally attaches Jyoti Power Corporation’s assets worth Rs 15.01 cr

January 14, 2025 2:58 am

The properties have been attached in connection with a fraud worth Rs 196.82 crore under the provisions of the Prevention of Money Laundering Act (PMLA).

Gujarat bank fraud case: Former bank manager among five get 5 yrs of imprisonment

January 11, 2025 2:06 am