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ED attaches assets worth Rs 4,700 cr from Sterling Biotech group over alleged loan fraud

The assets have been attached in connection with a money laundering probe the agency is conducting against the company for defaulting on loans.

Rs 240-crore bank loan fraud: EOW files 6,000-page chargesheet

Three directors of private firms in the city had been arrested by the EOW on March 16 for allegedly facilitating the fraud. In addition to the three arrested accused, the EOW chargesheeted two others and added the section of criminal breach of trust to the earlier charges.

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Alert at airports against husband of Chanda Kochhar, Videocon’s Dhoot

Government sources said the look out circular against Deepak Kochhar and Dhoot are to ensure that they do not leave the country before the CBI completes its preliminary enquiry.

CBI registers Rs 109-crore loan default case against Simbhaoli Sugars Ltd, conducts searches in Delhi and UP

The case of loan fraud against the Bombay Stock Exchange-listed company comes just on the heels of major revelations of loan frauds by several major banks being duped in the country.

Maharashtra has highest number of wilful default cases in the country

As on December 31, 2017, legal action has been launched in at least 6,505 wilful default cases across the country. Out of these, 1,437 cases were registered in Maharashtra, followed by Delhi with 704, West Bengal with 593 and Gujarat with 439 cases.

Loan fraud: Deccan Chronicle Vice Chairman PK Iyer arrested

PK Iyer is accused of involvement in a bank loan fraud case to the tune of Rs 357 crore

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Around town: Tanker driver killed over ‘past dispute’,couple booked

The Kondhwa police have booked a man and his wife for allegedly murdering a tanker driver following a past dispute. The incident came to light when local citizens spotted a dead body at Yevlewadi on Tuesday morning and informed the police. The deceased is Baliram Malhari Devkate (30) of Nanded. The police said suspects Balaji […]

Loan fraud: ‘Call centre’ owners among three held for duping British citizens

Following a complaint from the British High Commission in Delhi,police arrested Yasheen Nagpal and Rajan Bhayana,owners of Max Infotech in Pitampura.

Loan fraud: One arrested from Vasant Vihar

A man,accused of cheating many people on the pretext of providing bank loans at low interest rates,was arrested from Vasant Vihar on Tuesday.

Post-Rs 1 cr fraud,bizman wants bank case quashed

The Delhi High Court has rejected a plea by an industrialist,charged with fraudulently obtaining loan of more than Rs one crore from a bank eight years ago,to quash a criminal case against him on the ground that he had reached a settlement with the bank.

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