Tag: Bank Fraud

The SBI complaint was lodged with the CBI, New Delhi, only around 20 months after the Forensic Audit report, while the central probe agency took cognisance 18 months later to file the FIR on Feb 7,2022.

Randeep Singh Surjewala said, "India's Biggest Bank Fraud in 75 years has taken place under Modi Govt's watch! 'Bank Frauds' of Rs 5,35,000 (5.35 lakh) crore in 7 years have wrecked our 'Banking System'!"

The bank filed a fresh complaint in August that year. After "scrutinising" for over one and a half years, the CBI acted on the complaint filing an FIR on February 7.

Police said the accused also misused signed blank cheques given to him by the victim. By virtue of his official influence, Panda managed to prevail upon the other maker and checkers and diverted all the money amounting to more than Rs 60 lakh without the consent of the victim to several insurance policies, said the STF in a release.

The accused, Meena Naik was arrested based on the complaint filed by the victim, identified as Hrushikesh Bhujabal (62), a retired government employee. A senior police official said that Naik’s arrest was subsequent to a raid jointly conducted by the Anti-Fraud Cell and Bharatpur Police.

The case was registered based on a complaint from Bank of Baroda Cuttack in Odisha, the CBI said in a press statement.

Balasore: The Crime Branch sleuths on Friday arrested an employee of Bank of India Remuna branch in the district for alleged misappropriation of pension funds to the tune of Rs 1.32 crore. According to sources, the accused Prabhat Das had been working as Business Correspondent at the bank. It is alleged that Das used to […]

Koraput: Koraput Town Police on Saturday started investigation into a fraud to the tune of Rs 2 crore at Union Bank. Former branch manager Amrita Priyadarshini Patra is accused to have committed the fraud by issuing the amount as loan to several members of her family during the financial year 2016-17. The matter was recently […]

Jharsuguda: The Additional Civil Supplies officer of Jharsuguda was suspended today in connection with submission of forged bank guarantee documents by a rice miller of the district. As per reports, the officer, B Sandeep Guru has been suspended on charges of dereliction of duty which helped a miller in the district to dupe the government […]

Cuttack: Odisha Crime Branch (CB) has started an investigation on chit fund links of mining trader Pravanjan Mohanty. While CB is planning to take Mohanty on remand, he will be interrogated in both forgery and chit fund case informed Special DG of Crime Branch BK Sharma today. Mohanty, the managing director of JBS Mineral and […]

Cuttack: The Economic Offences Wing (EOW) of the Odisha Crime Branch (CB) today arrested mining trader Pravanjan Mohanty in connection with a Rs 4.5 crore bank fraud. The anti-corruption wing of CB on Monday arrested Mohanty, the managing director of JBS Mineral and Overseas firm, following an order from the Orissa High Court. As per […]

Manager of a private bank allegedly defrauded customers of lakh of rupees on the pretext of sanctioning loans at low-interest rates in the Kendrapara district.

Chennai: In yet another fraud played on banks, a Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL) has been accused of defrauding a consortium of 14 banks led by the State Bank of India (SBI) to the tune of Rs 824.15 crore in the form of loans that have now been declared as non-performing asset (NPA). It […]

New Delhi/Mumbai: The Central Bureau of Investigation (CBI) has arrested an internal chief auditor of Punjab National Bank (PNB) in its ongoing probe into Rs 12,600 crore bank fraud case. “CBI has on Wednesday arrested an Internal Chief Auditor of Punjab National Bank in an ongoing investigation of the cases related to Nirav Modi group […]

New Delhi: Countering Congress charge that multi-crore bank fraud took place during the BJP government, Defence Minister Nirmala Sitharaman said Rahul Gandhi was present at a promotional event of Gitanjali Jewels and the whole episode took place in the UPA regime. The Bharatiya Janata Party (BJP) underlined raised that Congress president Rahul Gandhi participated in […]