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.
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.
The agency attached properties to the tune of Rs 1.4 crore belonging to Dino Morea.
Dhenkanal Police on Monday arrested a bank officer on charges of defrauding the bank of lakhs of rupees in the name of several customers by using fake credit cards. The official has been identified as ssistant Manager of Dhenkanal HDFC Bank Office.
Baripada: A CJM court here on Thursday awarded 14-year imprisonment and imposed Rs 27 lakh fine each to then Bank of India (BOI) manager and four others in connection with Rs 1.31 crore fraud case. While hearing the matter, the court convicted the then BOI Jharapokharia branch manager Girija Mishra, field officer Satyarupa Mohanty, suppliers […]
New Delhi: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the […]
Bolangir: Days after an OTV report on a fraud worth lakhs of rupees at Bolangir Central Co-operative Bank, the district police on Sunday arrested two persons including the prime accused involved in the racket. Based on the FIR registered on 4th October 2019, police arrested one Nilamani Tripathy, the contractual employee of the bank suspected […]
Bolangir: After the news of Punjab & Maharashtra Co-operative Bank (PMC Bank) fraud, an alleged scam running into lakhs of rupees in Bolangir Central Co-operative Bank has surfaced leaving the account holders in lurch. As per reports, at least 12 account holders of Bolangir Central Co-operative Bank were duped to the tune of Rs 10 […]
New Delhi: The Enforcement Directorate (ED) has attached immovable properties worth Rs 4,025.23 crore of Bhushan Power and Steel Limited (BPSL) in a money laundering case against the firm for siphoning off funds obtained as loans from various banks and financial institutions, the agency said on Saturday. The attached assets include land, building, plant and […]
Afraid of losing all your money to the fraudsters? The country’s largest lender, State Bank of India (SBI) has come up with a few strict guidelines reiterating that the customers should never share their confidential information with anybody. “Do not invest your time and money interacting with fake accounts on social media. Follow, tag and […]
Angul: A former branch manager of HDFC bank was arrested on Saturday on the charges of fraudulently withdrawing Rs 60 lakh from the account of Angul district Collector. The ex-branch manager has been identified as Shakti Bedanta Das. Das while working as the manager of HDFC Bank in Angul had fraudulently withdrawn the money by […]
The country’s largest lender, State Bank of India (SBI) has yet again come up with strict guidelines reiterating that the customers should remain alert and cautious while conducting any electronic financial and banking transaction. In an attempt to save the customers from being trapped, SBI has issued some DO’s and DONT’s. Follow these practices and […]
Mumbai: After Punjab National Bank, Allahabad Bank on Saturday said that it has been defrauded by Bhushan Power & Steel Ltd (BPSL) to the tune of Rs 1,774.82 crore. The bank said in a regulatory filing that “on the basis of forensic audit investigation findings and CBI filing FIR, on suo moto basis, against the […]
Subarnapur: Cash worth Rs 50,000 was looted from the account of a beneficiary at Mendamal village under Birmaharajpur Police limits in Subarnapur district recently. As per reports, one Gavind Khyati of Mendamal village had allegedly received a phone call from an unknown person on June 15. During the conversation, the offender introduced himself as the […]
Yet again, the country’s largest lender, State Bank of India (SBI) has come up with strict guidelines reiterating that the customers should never share their confidential information with anybody. The official website of SBI has also shared a few do’s and dont’s for its customers to save them from being TRAPPED. Below are the DO’s […]
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 […]
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 […]
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 […]