Five Indians among 7 charged in bank fraud case in US

Five Indian-origin persons are among seven charged with conspiring to commit bank fraud in the US through a scheme that resulted in losses of over USD three million to the victims.

DNA: Your money may not be safe in banks

Cheating and forgery have led to public and private sector banks losing as much as Rs.27,000 crore cumulatively in the last five years, reveals information obtained by dna under the Right to Information (RTI) Act.

Albanian hacker pleads guilty in USD 14 mn global bank fraud

An Albanian hacker who was part of an international cyberattack conspiracy that stole USD 14 million from ATM machines all over the world has pleaded guilty in New York to bank fraud.

Kingpin of bank fraud case arrested in Odisha

The alleged mastermind of a bank fraud case involving fake land documents used for getting loans at Digaphandi in Odisha`s Ganjam district area has been arrested, police said Thursday.

Three held for forging documents to secure housing loan from bank

Three persons, including a married couple, were arrested for allegedly using forged documents to secure home loan worth Rs 1 crore from a private bank.

CBI raids eight locations in Odisha for bank fraud

CBI teams on Thursday raided eight places in Odisha to investigate a Rs 13 crore fraud in a regional bank where gold loans were allegedly given against imitation jewellery.

Two held in Rs 3.13 cr bank fraud in Kota

Four months after a couple allegedly cheated a nationalised bank of Rs 3.13 crore, police have arrested two persons who had acted as guaranteers to help them secure the loan.

Police arrests five for bank fraud

Police on Friday arrested five members of a gang, including a bank employee, involved in fraudulent withdrawal of money from different banks through fake cheques.

Ex-Iceland PM guilty on one charge over bank fraud

A special court found ex prime minister Geir Haarde guilty on one count over the collapse of Iceland`s banks in 2008.

Sixteen booked for bank fraud in Beed district

Sixteen persons, including several
office-bearers of the Beed District Central Cooperative Bank
(BDCCB), have been booked for the alleged fraud.

95-year-old man becomes victim of bank fraud

Having spent decades serving top
positions in banks, a 95-year-old was in for a shock when Rs
23 lakh was found fraudulently withdrawn from his account.

UP govt suspends official facing CBI inquiry for bank fraud

The Uttar Pradesh government has
suspended a chief engineer of UP State Industrial Development
Corporation facing CBI inquiry into alleged bank fraud in

CBI arrests company owner for over Rs 45 crore bank fraud in Lucknow

An investment company owner was arrested by the CBI in Lucknow for allegedly defrauding a nationalised bank to the tune of over Rs 45 crore.

Four held for cheating bank of Rs six crore in Nagpur

Four persons have been arrested for allegedly duping a bank here to a tune of nearly Rs six crore by availing overdraft facilities, CBI said Wednesday.

Indian-origin Canada MP named in $120 mn bank fraud

Devinder Shory, Canada`s newest MP of Indian origin, has been named in a $120 million mortgage fraud.