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.
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.
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."
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.
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.
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.
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.
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.
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.
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