bank fraud

The Enforcement Directorate on Thursday said it has arrested four people, including two promoters of Chennai-based Surana group, in a money laundering case linked to a reported Rs 3,986 crore worth bank loan fraud. Dinesh Chand Surana…

The RBI's master direction on fraud of July 1, 2016, which allows many banks to tag loans as fraud, has not only been misused but also been challenged in various courts of law. On July 1, 2016, the Reserve Bank of India came out with a…

Pegging the fraud caused to a consortium of banks led by the at Rs 34,615 crores, the Central Bureau of India (CBI) is probing the biggest bank fraud case in recent times. The alleged fraud surpasses the fraud amount of Rs 22,842 in the…

Assets worth Rs 17.70 crore of a company have been attached under the anti-money laundering law in a probe linked to an alleged bank loan fraud of over Rs 804 crore, the ED said on Friday. A provisional order, under sections of the…