Search For "bank fraud"
CBI Court sentences 4 years imprisonment with Rs 1 lakh fine to four accus
Updated : 2 months, 3 weeks ago IST
The Central Bureau of Investigation (CBI) registered the instant case on February 9, 2009, on the conversion of Preliminary Enquiry.
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CBI registers cases against Reliance Home Finance and Reliance Commercial
Updated : 3 months ago IST
The Central Bureau of Investigation (CBI) has registered two separate cases against Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL), both part of the Reliance ADA Group, for allegedly defrauding Union Bank of India and Bank of Maharashtra to the tune of Rs 22
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Indian banks accelerating AI adoption for financial crime compliance: Repo
Updated : 3 months ago IST
The Indian banks are rapidly integrating machine learning models into Financial Crime Compliance (FCC) operations amid rising fraud and regulatory scrutiny, making the traditional rule-based systems inadequate.
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ED attaches Rs 1,120-cr assets linked to Reliance Anil Ambani Group in YES
Updated : 3 months, 1 week ago IST
The Enforcement Directorate (ED) on Thursday said it has attached fresh assets worth Rs 1,120 crore belonging to the Reliance Anil Ambani Group in connection with the alleged fraud involving Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL) and Yes Bank.
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Vijay Mallya asks for appointment of retired judge to probe recovery claim
Updated : 3 months, 1 week ago IST
Fugitive Economic Offender Vijay Mallya has questioned the Central government and public sector banks over what he described as inconsistent statements on the amounts recovered from him, and demanded the appointment of a retired judge to investigate the matter.
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Vijay Mallya, Nirav Modi among 15 declared Fugitive Economic Offenders cau
Updated : 3 months, 1 week ago IST
Union Minister of State for Finance Pankaj Chaudhary on Monday informed the Lok Sabha that a total of 15 individuals have been declared Fugitive Economic Offenders (FEOs) under the Fugitive Economic Offenders Act, 2018 (FEOA) as of October 31, 2025.
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ED secures conviction in Hyderabad bank fraud case; accused L Srinivas Gou
Updated : 3 months, 2 weeks ago IST
The Metropolitan Sessions Judge (MSJ) Court, Nampally, on November 24, 2025, found Goud guilty under Sections 3 and 4 of the Prevention of Money Laundering Act (PMLA), 2002. The court also imposed a fine of Rs 25,000 each on him and his firm, Mallika Inn Bar and Restaurant.
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Plea in SC seeks court-monitored probe into "large-scale bank fraud" by An
Updated : 3 months, 3 weeks ago IST
After considering the grounds raised in the plea, a bench led by the Chief Justice of India (CJI) BR Gavai on Tuesday issued notice to the central government, the Central Bureau of Investigation (CBI), and the Enforcement Directorate (ED), seeking their responses to the plea.
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CBI arrests Singapore-based accused in bank fraud case of Rs 31.60 crore
Updated : 3 months, 4 weeks ago IST
According to an official release, the CBI registered the instant case based on a complaint received from PNB against the company M/s Frost Infrastructure and Energy Pvt Ltd (M/s FIEL) and its Directors, unknown persons and unknown public servants for defrauding the bank to the tune of Rs
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CBI court sentences SBI computer operator in Hyderabad to two years' RI, f
Updated : 4 months, 1 week ago IST
The CBI Court, Hyderabad, Telangana, has convicted and sentenced V Chalapathi Rao, a Computer Operator at SBI, Chandulal Baradari Branch, Hyderabad, Telangana, to two years' Rigorous Imprisonment (RI) with a fine of Rs 36,000 in a bank fraud case.
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Belgian Court finds offences extraditable, dismisses Mehul Choksi's claims
Updated : 4 months, 3 weeks ago IST
The Antwerp Court of Appeal has found that the offences attributed to fugitive diamond trader Mehul Choksi are extraditable under both Indian and Belgian law, paving the way for his return to India to face trial in the Punjab National Bank (PNB) fraud case.
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CBI court sentences bank branch manager to 4 years' imprisonment in fraud
Updated : 4 months, 3 weeks ago IST
The Central Bureau of Investigation (CBI) registered the instant case on December 14, 2010 against Manoj Srivastava, Branch Manager, Union Bank of India, SSI Branch Noida and others on the allegation of Bank Fraud.
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