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VENTURE LOAN FRAUD
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Amazon primes a Blinkit showdown; New insurance models prop upHappy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morni...
- How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
- IPL 2026: How Mukul Choudhary’s father almost faced jail time, sold house to help son’s cricket journeyMukul Choudhary's IPL success highlights his father's sacrifices. Dalip Choudhary sold their house and faced jail to fund his son's cricket...
- Fraud tags & CBI, ED probes: All that is going wrong for Anil Ambani's Reliance GroupAnil Ambani's Reliance Group faces extensive scrutiny as banks classify loan accounts as 'fraud' due to alleged fund diversion. The SEBI ha...
- AI fintech startup Kaaj raises $3.8 million from Kindred Ventures, othersFounded in 2024 by husband-wife duo Utsav Shah and Shivi Sharma, Kaaj aims to expand access to affordable capital for all small businesses....
- Indian origin CEO Bankim Brahmbhatt is at the heart of BlackRock’s $500 million 'breathtaking' fraud: Who is he and where is he now?Bankim Brahmbhatt, CEO of Broadband Telecom and Bridgevoice, faces accusations of a massive loan fraud. He allegedly created fake customer ...
- Canara Bank withdraws ‘fraud’ tag on Reliance Communications' loan accountCanara Bank informed the Bombay High Court that it has withdrawn its earlier decision to classify the loan accounts of industrialist Anil A...
- CBI books Jai Corporation and Promoters in cheating and fraud caseThe Bombay High Court directed the CBI to investigate Jai Corporation and its promoter AnandJaikumar Jain for cheating and fraud. Allegatio...
- Banks, infrastructure finance companies need to join hands for big projects: DFS SecretaryFinancial services secretary M Nagaraju stresses the need for collaboration between banks and infrastructure finance companies to fund larg...
- Canara Bank labels Rcom loan accounts as "fraud"Canara Bank has declared loans given to Reliance Communications and its unit as fraudulent. The bank alleged the Anil Ambani-promoted compa...
- ED raids in Delhi-NCR, Mumbai, Nagpur in over Rs 20,000 crore bank fraud caseThe Enforcement Directorate conducted searches at 35 premises in Delhi-NCR, Mumbai, and Nagpur as part of a money laundering investigation ...
- Fraud case: Court refuses medical bail to Dheeraj Wadhawan, allows treatment at private hospitalDheeraj Wadhawan, founder of Dewan Housing Finance Ltd (DHFL), has been denied medical bail by a special CBI court in relation to a fraud c...
- Bhosale allegedly received 'kickbacks' to facilitate loans from DHFL: CBIThe CBI has stumbled upon two payments of over Rs 68.8 crore and Rs 292 crore to arrested ABIL chairman Avinash Bhosale's companies made by...
- CBI books Rana Kapoor, DHFL and othersThe agency has alleged that Rana Kapoor extended financial assistance to DHFL to get substantial undue benefit for himself and his family m...
- Bank loan fraud: ED raids Deccan Chronicle Holding Ltd; seizes Rs 5 lakh in demonetised currencyThe Central Bureau of Investigation (CBI) had registered a criminal case for alleged cheating and criminal conspiracy in the bank loan frau...
- IL&FS probe: Ex-CEO of subsidiary helped rating agency official buy villa at discountSFIO found out that auditors sold certain products to the top management with a massive discount.
- Bank of Baroda denies it delayed action in Rotomac caseWhile BoB declared the company an NPA in February 2016, the account was not an NPA with other lenders as the borrower was repaying only som...
- CBI raids at Subhiksha's offices, promoter's residenceThe Central Bureau of Investigation on Saturday raided the offices and residence of R Subramanian, promoter of the fallen retailer Subhiksh...
- HSBC worst hit of Bernard Madoff's USD 50 bn fraud: ReportGlobal banking major HSBC has emerged as one of the worst sufferers of Bernard Madoffs alleged USD 50-billion fraud as the financial servic...
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