financial crime
- H
CBI Court Sentences PNB Officials for Loan Fraud
Ahmedabad, April 10 A special CBI court here on Friday convicted eight individuals, including three retired officials of Punjab National Bank (PNB), in a 2016 loan fraud case that caused a loss of Rs 1.57 crore to the lender.The court sentenced retired Assistant General Manager Gurinder Singh... - H
Government Responds to Misinformation Fueling Currency Concerns
Seoul, April 3 – The government will take stern measures, including legal action, against malicious activities aimed at exploiting recent market volatility through the spread of fake news and rumors, a senior finance ministry official said on Friday."Spreading unfounded fake news during an... - H
Investigation into Rs 40,000 Crore Loan Fraud: ED Chargesheet Filed
ED Files Chargesheet Against Former Reliance Communications President in ₹40,000 Crore Loan Case New Delhi, March 27 – The Enforcement Directorate (ED) has filed a chargesheet against former Reliance Communications president Punit Garg and Vaishali Jairam Mane, a former director at US-based Bonn... - H
CoinDCX Fraud Case: Update on Arrests and Investigation
CoinDCX Fraud Case: Investigation May Expand, Potential for Further Arrests New Delhi, March 24 – The investigation surrounding the Rs 71 lakh cryptocurrency fraud case linked to CoinDCX may broaden, with sources indicating the possibility of additional arrests.Ongoing Investigation and... - H
CoinDCX Disputes Fraud Charges, Claims Impersonators Involved
CoinDCX Co-founders Arrested in Alleged Fraud Investigation Thane, March 23 – Police in Thane, Maharashtra, have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in connection with an alleged fraud involving Rs 71.6 lakh, officials announced Monday.The arrests followed the... - H
Thane Police Investigate CoinDCX Over Fraud Allegations
CoinDCX Co-Founders Arrested in ₹71.6 Lakh Fraud Case in Thane FIR Filed Over Alleged Crypto Investment Scam Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of ₹71.6 lakh, officials confirmed on Monday.The arrests... - H
Crypto Scam Investigation: CoinDCX Co-founders Deny Wrongdoing
CoinDCX Founders Arrested in Mumbai Over Alleged Crypto Fraud Case FIR Filed After Investor Alleges Rs 71 Lakh Scam Mumbai, March 22: CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have been arrested following the registration of a First Information Report at a Mumbai police station in... - K
RBI Rules Out Systemic Risk After ₹590 Crore Fraud at IDFC First Bank Chandigarh Branch
New Delhi, February 23: The Reserve Bank of India on Monday clarified that there is no systemic risk to the Indian banking system following the disclosure of a ₹590 crore fraud at the Chandigarh branch of IDFC First Bank. The central bank reiterated that it does not comment on individual banks... - K
IDFC First Bank Shares Hit 20% Lower Circuit After ₹590 Crore Haryana Government Fraud Disclosure
IDFC First Bank Stock Crashes Following Fraud Revelation New Delhi, February 23: Shares of IDFC First Bank plunged by 20 percent on Monday after the lender disclosed a ₹590 crore fraud involving accounts linked to the Haryana government.The stock tumbled 19.99 percent to ₹66.85 on the BSE... - K
RBI Monitoring ₹590 Crore IDFC First Bank Fraud, Says No Systemic Risk: Governor Sanjay Malhotra
RBI Assures Stability Amid IDFC First Bank Fraud Case New Delhi, February 23: The Reserve Bank of India has confirmed that it is closely monitoring developments surrounding the ₹590 crore fraud reported by IDFC First Bank, with Governor Sanjay Malhotra stating that there is no systemic issue... - K
IDFC First Bank Shares Hit 20% Lower Circuit After ₹590 Crore Fraud Disclosure
Stock Crashes as Fraudulent Transactions Surface at Chandigarh Branch Mumbai, February 23: Shares of IDFC First Bank tumbled to the 20 per cent lower circuit on Monday after the lender disclosed fraudulent transactions amounting to around ₹590 crore at its Chandigarh branch.The stock fell...- Karthik
- Thread
- account reconciliation au small finance bank bank investigations bank suspensions banking sector chandigarh branch financial crime financial loss financial reporting fixed deposits fraudulent transactions haryana government accounts idfc first bank regulatory compliance state government finances
- Replies: 0
- Forum: Business
- K
IDFC First Bank Reports ₹590 Crore Fraud Linked to Haryana Government Accounts at Chandigarh Branch
Mumbai, February 22: IDFC First Bank on Sunday disclosed a fraud of ₹590 crore involving accounts held by the Haryana government at one of its branches in Chandigarh, triggering regulatory reporting, a police complaint, and an internal probe.Fraud Detected During Account Closure and Balance...