TheNewsClues
Clues by Admin • 20 Aug 2018, Monday
As per the latest Home Ministry directive, no ATM will be replenished with cash after 9 pm in cities and 6 pm in rural areas. The new Standard Operating Procedures (SoPs) would come into effect from February 8, 2019 in view of the spurt ... Continue Reading
Read More at Business Today
Clues by Admin • 7 Jul 2018, Saturday
The CBI on Friday, arrested retired general manager, V V Agnihotri and a deputy general manager, PK Srivastava, of Bank of India related to a Rs 2654 crore fraud by Gujarat based by Diamond Power Infrastructure Ltd (DPIL).  The DPIL ... Continue Reading
Read More at Times of India
Clues by Admin • 7 Jul 2018, Saturday
Mumbai's leading hawala operator Mohammad Farooq defrauded six banks of Rs 2252.82 crore, a charge sheet filed by the Enforcement Directorate (ED) has revealed. In 2015-16, Mohammad Farooq, the accused mastermind, created 13 companies to indulge in large-scale illegal foreign exchange ... Continue Reading
Read More at Business Today
Clues by Admin • 25 Jun 2018, Monday
Heads of 11-state-owned banks will inform the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, about the problems of increasing bad loans and fraud cases on Tuesday, sources said. The committee is looking into ‘Banking ... Continue Reading
Read More at Tribune India
Clues by Admin • 22 Jun 2018, Friday
The Economic Offences Wing (EOW) of Pune police has arrested the CEO and MD of Bank of Maharashtra Ravindra Marathe along with five others for their involvement in the Rs 3,000 crore DSK Group loan default case. Police also arrested bank'... Continue Reading
Read More at Business Today
Clues by Admin • 13 Jun 2018, Wednesday
The RBI on Tuesday blamed PNB, including its board, for the $2-billion Nirav Modi-Mehul Choksi Letter of Undertaking (LoU) fraud and accused the state-run lender of furnishing “factually incorrect” compliance reports. RBI defended itself that it was impossible ... Continue Reading
Read More at Times of India
Clues by Admin • 2 Jun 2018, Saturday
State-owned PNB plans to raise Rs 13,000 crore through stake sale in subsidiaries and recovery of bad loans by September end, an official said on Friday. The lender, among other things, is planning to sell stake in its arm PNB Housing ... Continue Reading
Read More at Livemint
Clues by Admin • 30 May 2018, Wednesday
21 public sector banks (PSBs) have incurred losses totalling Rs 25,775 crore due to banking frauds in the financial year 2017-18, a RTI reply has stated without specifying the nature of frauds. PNB had incurred the highest loss of Rs 6,461.13 crore during ... Continue Reading
Read More at Times Now
Clues by Admin • 25 May 2018, Friday
The CBI has turned its lens on top income tax officials including Sushil Chandra, Chairman of the CBDT, Director-General of Income Tax (DGIT) in Mumbai and Additional commissioners and Joint commissioners for the alleged misreporting and sharing of investigation details ... Continue Reading
Read More at Business Today
Clues by Admin • 22 May 2018, Tuesday
The CBI has alleged in its 12,000 page charge sheet that former Managing Director and CEO of PNB bank, Usha Ananthasubramanian, and some other senior bank officials were aware of the "fraudulent" dealings with jeweller Nirav Modi. A special ... Continue Reading
Read More at Bloomberg Quint
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