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Friday, October 15, 2021

loan fraud

LOAN FRAUD NEWS

Mumbai: Bank staffers among seven convicted for loan fraud

August 31, 2021 8:59 am

The court sentenced the accused -- most of whom are now senior citizens --- to punishments ranging from five years to one year and fine up to Rs 23 lakh.

Jet in Dominica with Choksi case papers from India, says Antigua PM

May 31, 2021 10:44 am

Choksi, who was reported missing after he left his home in Antigua and Barbuda on May 23, was arrested in Dominica on May 25 evening local time, for allegedly entering that country illegally.

SBI cautions its customers about fake loan offers

April 21, 2021 4:49 pm

In its statement, SBI said, "It has come to our notice that certain unknown persons are attempting to defraud the general public by offering loans from non-existing entities in the name and style of SBI Loan Finance Ltd. or any such entities."

Vadodara: 2 booked for securing loan using forged documents

February 21, 2021 3:52 am

The accused also allegedly failed to repay the loan amount and the interest amounting to Rs 11.32 crore.

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

June 02, 2018 1:59 am

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

April 17, 2018 2:31 am

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.

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

April 07, 2018 12:44 pm

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

February 25, 2018 10:27 pm

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

February 24, 2018 1:26 pm

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

June 07, 2015 4:48 am

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