Bank loan

Biggest bank loan scam in CBI history! ABG shipyard defrauds Rs 22,842 Cr with 28 banks in 5 years

The Central Bureau Of Investigation (CBI) has recorded the biggest bank loan scam in its history as Gujarat-based shipbuilding company ABG Shipyard committed fraud of Rs 22,842 crores. Apart from the agency file, it is the biggest fraud in the history of India. ABG Shipyard Ltd (ABGSL) is the flagship company of the ABG Group […]

Bank loan

Supervisory circulars issued against directors of ABG shipyard in bank loan fraud case

Image source: PTI Supervisory circulars issued against ABG shipyard administrators in nearly 23,000 crore fraud case Strong points CBI has issued lookouts against Rishi Kamlesh Agarwal, former chairman of ABG shipyard. Such circulars were also issued against 8 other people in a case of bank fraud over Rs 22,842 crore. Lookouts have been issued to […]

Bank loan

Gujarat shipbuilding firm booked for Rs 22,842 Crore loan fraud

In its biggest bank fraud case, the CBI has charged ABG Shipyard Ltd and its former Chairman and Managing Director Rishi Kamlesh Agarwal and others with allegedly defrauding a consortium of banks led by the State Bank of India out of more than Rs 22,842 crore.. Apart from Agarwal, the agency also named then-executive director […]

Bank loan

CBI delivers ABG shipyard for biggest bank loan fraud

New Delhi: In its biggest bank fraud case, the CBI has hired ABG Shipyard Ltd and its former Chairman and Managing Director Rishi Kamlesh Agarwal and others for allegedly deceiving a consortium of banks led by the State Bank of India by more than Rs 22,842 crore, officials said on Saturday. Apart from Agarwal, the […]

Bank loan

ED attaches assets of Telangana company – The New Indian Express

By PTI NEW DELHI: Assets worth Rs 43.25 crore of a Hyderabad-based company have been seized under anti-money laundering law in connection with an alleged bank loan fraud case, the Directorate of Law Enforcement (ED) announced on Thursday. An interim order under the Prevention of Money Laundering Act (PMLA) has been issued by the agency […]

Bank loan

CBI hands over Chennai-based firm for multi-crore bank loan fraud

Representative image | Photo credit: IANS Highlights CBI booked a city-based food production company for defrauding multiple banks of over Rs 200 crore The CBI has filed a complaint against Oceanic Tropical Fruits Private Limited (OTFPL) According to the FIR filed by CBI, directors of company A Joseb Raj, Vimala […]

Bank loan

Bank loan fraud: ED arrests chief executive of Hyderabad company

The promoter and managing director of a Hyderabad-based company has been arrested under the anti-money laundering law in connection with a bank loan fraud of Rs 402 crore, where a consortium of public sector banks allegedly been cheated, the Enforcement Branch (ED) said Tuesday. Avasarala Venkateswara Rao of Servomax India Private Limited (SIPL) was arrested […]

Bank loan

HDFC Bank Loan Portfolio Grows 16.4% to Rs 12.6 Trillion in December Quarter

The loan portfolio of the country’s largest private lender, HDFC Bank, increased by 16.4% year-on-year (YOY) to Rs 12.6 trillion as of December 31, 2021 (Q3FY22) from 10, 82 trillion rupees a year ago. Sequentially, its advances increased by 5.1% from 11.98 billion rupees in September 2020 (Q2FY22). Commercial banks in India, […]

Bank loan

Bank loan fraud: ED attaches Rs 26-cr assets of Gujarat company, promoters

The attached assets include residential and commercial land, and their total value is Rs 26.25 crore. The Law Enforcement (ED) Directorate said on Monday that it had seized assets worth more than Rs 26 crore from a Vodadara-based company in a money laundering investigation linked to an alleged bank loan fraud of around Rs 2,654 […]

Bank loan

Bank credit: Agricultural, MSME and retail lending contributes to growing the bank loan portfolio

According to the latest bank credit sector deployment data released by the Reserve, bank credit rose 7.1% in November, above the 5.9% recorded in the same period a year ago, largely thanks in part to better growth in lending to individuals, agriculture and MSMEs. Bank of India Credit to agriculture and related activities remained robust […]

Bank loan

Bank loan fraud: Law Enforcement Directorate seizes assets worth Rs 100 cr

The ED said on Thursday it had seized assets worth Rs 100 crore from a ‘regular offender’, who took out new loans to repay old ones, and was being questioned for money laundering. money linked to alleged fraud against an IDBI branch in Andhra Pradesh. Rebba Satyanarayana’s farmlands, fish ponds, commercial sites, plots and apartments […]

Bank loan

Execution management attaches assets of Rs 42 crore to Kolkata company – The New Indian Express

Through PTI NEW DELHI: Assets worth over Rs 42 crore of a Kolkata-based company seized in connection with money laundering investigation linked to alleged bank fraud case, announced on Monday the Directorate of Execution (ED). An interim order for the seizure of 11 properties of Shree Mahalaxmi Corporation Pvt Ltd has been issued under the […]

Bank loan

Bank loan fraud: ED raids Guwahati’s Ghosh Brothers group

New Delhi: The Enforcement Directorate (ED) said on Tuesday it raided the premises of the Ghosh Brothers group of companies, a leading trading group with several car dealerships in Guwahati, in connection with a related money laundering investigation to an alleged fraud on a bank loan against him. Cash and jewelry worth Rs 63 lakh […]

Bank loan

Key accused in Rs 100 crore Karuvannur bank loan fraud lands in police net

Through Express news service THRISSUR: The Criminal Branch team investigating the Rs 100 crore loan scam to the Karuvannur Cooperative Service Bank has arrested accused Pallath Kiran of Kollengode in Palakkad. It is alleged that Kiran, 31, from Perinjanam in Thrissur, received a loan of around Rs 22 crore through Benami accounts although he was […]

Bank loan

DP invokes lobbyist Niira Radia in Yes Bank Loan Fraud

Did Niira Radia buy a one-way ticket to London to escape Yes Bank loan fraud? Niira Radia and her sister Karuna Menon flew to London After stopping her Co-directors, the economic offenses wing of Delhi Police (EoW) summoned controversial lobbyist Niira Radia in a bank loan fraud of over Rs. 300 cr. But we learn […]

Bank loan

Bank loan fraud has been mutually beneficial for Avantha and Yes Bank: ED in court

The Enforcement Directorate (ED) alleged that the alleged fraud on bank loans involving Gautam Thapar was mutually beneficial for the Avantha group, promoted by the businessman, and Yes Bank. In its response opposing Thapar’s bail application, the federal agency told a local court on Friday that the proceeds of crime of Rs 131 crore had […]

Bank loan

J&K Bank loan fraud: ED seizes assets of spice trading company: The Tribune India

New Delhi, September 30 The Directorate of Enforcement (ED) today announced that it has issued a provisional seizure order under the Prevention of Money Laundering Act to seize assets worth Rs 145.26 crore owned by SA Rawther Spices Pvt Ltd and others in the J&K Bank loan fraud case. ED officials said the attached assets […]

Bank loan

Assets of Spices company seized by ED following JK bank loan fraud

Assets worth over Rs 145 crore of a Bengaluru-based spice company in a money laundering investigation linked to alleged loan fraud at J&K Bank have been seized by the Management of application (ED) attached The agency said in a statement on Wednesday that a factory building, shops, apartments and land of the company, SA Rawther […]

Bank loan

Bank loan fraud: ED arrests CEO of Mumbai-based agribusiness

The Law Enforcement (ED) Directorate announced on Monday that it had arrested the managing director of a Mumbai-based agricultural company in connection with a money laundering investigation linked to alleged multi-crore bank fraud. Vinod Chaturvedi, managing director of Usher Agro Limited and other group companies, was arrested on September 17 in a case of “bank […]

Bank loan

Rs 100 crore Karuvannur Missing Bank Loan Scam Whistleblower – The New Indian Express

Through Express news service THRISSUR: Sujesh Kannattu, the whistleblower of the Rs100 crore loan fraud at the Karuvannur Cooperative Services Bank and former member of the local CPM committee in Porathissery, has disappeared. Her brother filed a missing person complaint with the Irinjalakuda police on Sunday. According to his brother Suresh Kannattu, “Sujesh left home […]

Bank loan

Another Karvy Stock Broking executive arrested in bank loan default case

Home ” General ” Business ” Another Karvy Stock Broking executive arrested in bank loan default case Hyderabad, September 3 (SocialNews.XYZ) Hyderabad’s Central Crime Station (CCS) on Friday arrested Karvy Stock Broking Ltd secretary Y. Sailaja in the bank loan default case. The police brought her before a municipal court, which sent her into custody. […]

Bank loan

IndusInd Bank loan default: CEO and CFO of Karvy Stock Broking arrested

Managing Director Rajiv Ranjan Singh (52) and CFO G Krishna Hari (63) of Karvy Stock Broking Limited (KSBL) were arrested Thursday by Hyderabad Police for alleged financial irregularities, including defaults on bank loans and the lifting of loans. against the securities of clients without their consent. Chairman and CEO of KSBL, C Parthasarathy (67), had […]

Bank loan

Karvy Stock Broking CEO and CFO Arrested for Embezzlement

Hyderabad: In connection with the default of IndusInd bank, city police on Thursday arrested Rajiv Ranjan Singh, managing director and G. Krishna Hari financial director of the Karvy Stock Broking Limited (KSBL) scam for financial irregularities suspected, default on payments and borrowing against securities of clients without their consent. The arrest was based on a […]

Bank loan

The promoter of the Karvy group detained for default on a bank loan

One of the promoters of the Karvy Group scam was arrested here Thursday for non-payment of a bank loan, police said. C Parthasarathy was arrested for non-payment of a loan taken from IndusIndbank in 2019 and for diverting the funds to other bank accounts, said Avinash Mohanty, Joint Police Commissioner (Detective), adding that ‘there were […]

Bank loan

ED registers complaint against six in Karuvannur bank loan fraud case – The New Indian Express

Through Express news service KOCHI: The Directorate of Execution (ED) registered a complaint against six people associated with the Karuvannur cooperative bank managed by the CPM in Thrissur where manipulation of funds of more than 300 crore was detected. The ED has registered the Execution Case Information Report (ECIR) under various sections of the Money […]

Bank loan

Gurugram-based Ambience group promoter arrested for bank fraud: The Tribune India

Tribune press service New Delhi, July 29 The Enforcement Department (ED) today arrested the promoter of the Ambience group based in Gurugram, Raj Singh Gehlot, under the provisions of the Prevention of Money Laundering Act (PMLA) in connection with fraud bank loan of Rs 800 crore, agency officials said. Rs800 crore siphoned off The ED […]

Bank loan

The owner of the Ambience shopping center arrested by ED in a case of fraud on a bank loan worth Rs 200 crore

The Enforcement Branch arrested Raj Singh Gehlot, owner of the famous Ambience shopping center in Gurugram, in an alleged case of bank loan fraud to the tune of Rs 200 crore. ED arrested Ambience mall owner Raj Singh Gehlot in an alleged bank loan fraud case. The Directorate of Enforcement (ED) on Thursday arrested Raj […]

Bank loan

No need for central agency investigation into cooperative bank lending scam: Kerala minister

Thiruvananthapuram, July 25 (PTI) Kerala’s Cooperation and Registration Minister VN Vasavan said on Sunday that no central agency needed to investigate the multi-crore loan scam reported in a cooperative bank controlled by the ruling CPI (M). in Thrissur as competent officials from his department and the police investigated the case. The minister, while addressing the […]