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CONSORTIUM LOAN FRAUD
PIL in Supreme Court alleges Rs 1,500 cr banking fraud, seeks court-monitored probeA PIL has been filed in the Supreme Court. It seeks a court-monitored investigation into alleged banking frauds. The case involves asset re...- ED chargesheets UK national in probe against Videocon GroupThe Enforcement Directorate has filed charges against Sachin Dev Duggal, a British citizen, in a major bank loan fraud case involving the V...
- CBI court junks Mehul Choksi's plea against summons issued in Canara Bank loan fraud caseSpecial CBI judge J P Darekar, in the ruling delivered on February 2, details of which were made available on Friday, held that the magistr...
- SC refuses to extend time granted to Dewan Housing Finance Corporation's former promoter Dheeraj Wadhawan to surrenderThe Supreme Court has denied Dheeraj Wadhawan's request for more time to surrender. He is accused in a major bank loan fraud case. The cour...
- Delhi HC denies bail to Kapil Wadhawan in Rs 34,615-crore bank fraud caseThe Delhi High Court has denied bail to Kapil Wadhawan, former chairman of DHFL, in connection with a Rs 34,615-crore bank loan fraud case....
- Mumbai court issues non-bailable warrant against Mehul Choksi in loan fraud caseA non-bailable warrant has been issued against Mehul Choksi, already arrested in Belgium, in connection with a Rs 55 crore loan fraud invol...
- SC rejects Kapil Wadhawan's interim bail on medical grounds in bank loan fraud caseThe Supreme Court rejected Kapil Wadhawan's interim bail appeal on medical grounds in a bank loan fraud case. The case involves a fraud amo...
- Former DHFL promoter Dheeraj Wadhawan granted bail in bank loan fraud caseThe Delhi High Court has granted bail to Dheeraj Wadhawan, former promoter of Dewan Housing Finance Corp Ltd, in a significant bank loan fr...
- DHFL scam: After CBI arrest, Dheeraj Wadhawan sent to judicial custody for Rs 34,000-crore bank fraud caseFormer DHFL director Dheeraj Wadhawan was arrested by the CBI in connection with a Rs 34,000-crore bank fraud case. He was charge-sheeted i...
- Lender bound to give opportunity for hearing to borrower before classifying account as fraudulent: SCRejecting the stand of both RBI and the consortium of lenders led by SBI, a Bench led by the Chief Justice said that a decision classifying...
- Interim relief for businessman in ₹4,000cr bank fraud caseThe direction was passed by Justice Jasmeet Singh last week, on a plea filed by Jayaswal seeking quashing of the CBI's FIR. Appearing on Ja...
- Anil Ambani firm a 'fraud' in PNB booksUpon declaring an account as fraud, banks are required to make provisions for 100 per cent of the outstanding loan amount, as per Reserve B...
- Forensic audit of Reliance Home Finance proved there was diversion of funds: PNB source“The account was declared fraud based on the forensic audit. At a time when capital is so scarce, why should I declare an account fraud for...
- RBI nudges banks to decide if red-flagged accounts are fraudLast year, a spate of action by enforcement authorities resulted in many large borrowers being red-flagged. The RBI is now pushing banks to...
- CBI books Hyderabad-based company in Rs 1,700 crore bank fraud caseAccording to the complaint by the PNB, the company defaulted on repayment of loans worth over Rs 1,700 crore to a consortium of banks.
- ICICI Bank's Chanda Kochhar, Axis Bank's Shikha Sharma summoned over Gitanjali loansInvestigative agencies are probing all loans and facilities extended to Choksi and Nirav Modi and their associate cos in the Rs 12,000 cror...
- CBI questions RP Info Systems director in Rs 515-cr 'fraud' caseShivaji Panja, one of the directors of RP Info System, was questioned after the CBI booked RP Info Systems and its officials for the allege...
- Canara Bank files fresh complaint against RP Infosystem and its director Shivaji PanjaThere may also be criminal connivance between the firm, its directors and some bank employees, the complaint said. A bank official in Kolka...
- RBI questions banks for lending Rs 5,262 crore to REI AgroThe consortium led by UCO Bank alleged that the company had defrauded them through conspiracy, cheating and forgery and handed over the cas...
- RBI asks banks to install detection systems to check fraudsThe early warning signals in a loan account should immediately put the bank on alert regarding any error which may ultimately turn out to b...
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