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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Embattled business tycoon Vijay Mallya on Tuesday, January 18, lost a legal battle to keep his lavish London home after a British court refused to grant him a stay of execution amid a long-running dispute with the Swiss bank UBS. Mallya, who fled to the UK in 2016, is being questioned by the ED and […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Ujjivan Small Finance Bank, which is going through a management crisis, said its loan recovery on the ground improved and its portfolio at risk declined in August. The bank said its action plan to improve asset quality has started to bear fruit. The portfolio at risk (PAR) was reduced to 21.7% from 30.8% in June […]
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 […]
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 […]
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. […]
Karvy Stock Broking CEO and CFO Arrested in Bank Loan Default Case Hyderabad: Managing Director of Karvy Stock Broking Private Ltd (KSBL) Rajiv Ranjan Singh and Chief Financial Officer G. Hari Krishna were arrested on Thursday in a bank loan default case. The Central Crime Station (CCS) of the Hyderabad police made the arrests as […]
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 […]
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 […]
New Delhi: The Enforcement Directorate (ED) on Thursday announced that it had arrested the managing director of a Hyderabad-based company last week in a money laundering case linked to an alleged fraud of Rs.3,316 crore in a consortium of public sector banks. Vuppalapati Satish Kumar, the managing director of Prithvi Information Solutions Limited (PISL), was […]
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 […]
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 […]
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 […]
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 […]
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 […]
Film producer Umapathy Gowda says he feels stuck with the drama involving actor Darshan, two of his friends and a woman called Aruna Kumari. He said Show time he continues to be on good terms with Darshan, but some people try to ruin his reputation and his relationship with the star. Umapathy is the producer […]