Search For "depositors"
Pakistan: Depositers lose '420 million' in Ponzi scheme
Updated : 3 years, 6 months ago IST
According to Dawn, the Karachi-based social media influencer and businesswoman, Sidra Humaid, ran a monthly ballot committee system, an old-age method of polling money commonly known as committees -- without keeping any written records of depositors/contributors ending the whole scheme in to
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Two directors of private company get 27 year jail term for cheating deposi
Updated : 3 years, 9 months ago IST
New Delhi [India], August 27 (ANI): A court in Tamil Nadu's Coimbatore on Friday sentenced two directors of Paazee Marketing Company to 27 years of imprisonment and slapped a fine amounting to Rs 171.74 crore on them in a case related to cheating public depositors to the tune of Rs 870.1 cro
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China's economy at risk with banks witnessing rise in non-performing asset
Updated : 3 years, 10 months ago IST
Beijing [China], July 27 (ANI): Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn is increasing the non-performing assets (NPA) of the banks giving a major blow to the country's econo
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Chinese tanks roll on streets to scare Henan Bank protestors
Updated : 3 years, 10 months ago IST
Zhengzhou [China], July 20 (ANI): The Chinese Communist Party's tanks on Wednesday rolled on the streets to scare Henan bank protestors amid large-scale protests in the province by bank depositors over the release of frozen funds.
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China's Henan bank crisis: Despite promises, banks fail to repay depositor
Updated : 3 years, 10 months ago IST
Beijing [China], July 19 (ANI): Despite promises that depositors in China's Henan villages will get their frozen money back in batches with the first due on July 15, only a handful of depositors have received the payments, posing a serious question on whether banks have anything to spare.
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RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 19 (ANI): The Reserve Bank of India has issued several directions to Raigad Sahakari Bank, Mumbai, including an upper limit on withdrawal by depositors.
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China: Police disguises as commoner to suppress protestors demanding relea
Updated : 3 years, 10 months ago IST
Zhengzhou [China], July 14 (ANI): Amid large-scale protests in Henan province by bank depositors over the release of frozen funds, white-clothed men, who are suspected to be from the Chinese People's Armed Police Force, suppressed the protests in front of the Zhengzhou People's Bank of China
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China bank protesters win promise of repayments
Updated : 3 years, 10 months ago IST
Beijing [China], July 12 (ANI): Following protests by ban depositors that caught the eye of national and international media, Chinese authorities in the central Henan province have promised to start paying back first on behalf of several rural banks funds of some clients that had been frozen
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China crushes protest by bank depositors in Henan province demanding their
Updated : 3 years, 10 months ago IST
Beijing [China], July 11 (ANI): China on Sunday dispersed a protest by hundreds of depositors, who sought to demand their money back from banks that have run into a deepening cash crisis.
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Chinese yuan weakens to 6.7071 against dollar
Updated : 3 years, 11 months ago IST
Beijing [China], July 4 (ANI): The central parity rate of the Chinese currency weakened 208 pips to 6.7071 against the US dollar Monday, media reported citing China Foreign Exchange Trade System.
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Depositors are panicking as China's small banks in trouble amid corruption
Updated : 3 years, 11 months ago IST
Beijing [China], July 3 (ANI): Small banks in China are running into trouble as they are accused of crimes, bad loans and excessive risk, due to the failure of Xi Jinping's zero Covid policy.
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Income Tax raids 4 Bengaluru credit cooperative societies, finds 'gross ir
Updated : 4 years, 5 months ago IST
New Delhi [India], December 14 (ANI): The Income Tax Department after search and seizure operations earlier this month on four Bangalore based Credit Cooperative Societies (CCS) and their associates has found "gross irregularities" and involvement of promoters in siphoning-off funds of depos
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