bank fraud

Aadhaar can't stop bank fraud, officials are hand-in-glove with fraudsters: SC to Centre

Aadhaar can't stop bank fraud, officials are hand-in-glove with fraudsters: SC to Centre

A five-judge constitution bench headed by Chief Justice Dipak Misra is examining a clutch of petitions challenging the constitutional validity of Aadhaar and its enabling 2016 law.

Apr 05, 2018, 14:07 PM IST
'Saath Nibhaana Saathiya' actress Devoleena Bhattacharjee's bank account hacked—Details inside

'Saath Nibhaana Saathiya' actress Devoleena Bhattacharjee's bank account hacked—Details inside

Earlier in 2017, another popular TV actor Nakuul Mehta too had faced a similar situation when he reported that his bank account was hacked.

Mar 28, 2018, 13:29 PM IST
CBI arrests RP Infosystems directors in Rs 515 bank loan fraud case

CBI arrests RP Infosystems directors in Rs 515 bank loan fraud case

In 2015, the company, which manufactured computers with brand name 'Chirag', was booked by the CBI for allegedly cheating IDBI bank to the tune of Rs 180 crore.

Mar 15, 2018, 23:28 PM IST
Parliament must debate bank frauds issue: Naidu

Parliament must debate bank frauds issue: Naidu

The Lok Sabha and Rajya Sabha have witnessed repeated adjournments during the second half of the Budget session that began on March 5, with opposition parties stalling proceedings over issues, including Punjab National Bank (PNB) fraud.

Mar 15, 2018, 15:28 PM IST
Government will chase down cheaters: Arun Jaitley breaks silence on PNB fraud

Government will chase down cheaters: Arun Jaitley breaks silence on PNB fraud

Finance Minister Arun Jaitley on Tuesday questioned the ethics of some businesses in the country.

Feb 20, 2018, 21:29 PM IST
Beware! A simple 'yes' on phone can allow scamsters to rob your bank accounts

Beware! A simple 'yes' on phone can allow scamsters to rob your bank accounts

The US police have warned of a phone scam reportedly raging in North America these days.  

Jun 12, 2017, 20:56 PM IST
Warned on likelihood of bank card fraud: Assocham

Warned on likelihood of bank card fraud: Assocham

Following the unprecedented security breach reported earlier this week that has "compromised" card data of many private and state-run banks, industry body Assocham on Sunday said it had earlier cautioned about such frauds.

Oct 23, 2016, 20:23 PM IST
Public sector banks delay action against nearly 100 corrupt officers

Public sector banks delay action against nearly 100 corrupt officers

Public sector banks have delayed action against nearly 100 corrupt officers despite the uproar over cases of bank fraud and non-performing assets, according to a CVC report.

Apr 10, 2016, 12:07 PM IST
Syndicate Bank fraud: CBI books 5 bank officials, 4 businessmen in Rs 1,000-cr scam

Syndicate Bank fraud: CBI books 5 bank officials, 4 businessmen in Rs 1,000-cr scam

The executives and the businessmen have been named in an FIR registered by the CBI after which it carried out searches Tuesday at 10 locations spread in three cities--Delhi NCR, Jaipur and Udaipur.

Mar 09, 2016, 00:48 AM IST

DNA: Sweden on track to becoming first cashless nation!

Sweden is on track to becoming the world's first cashless society, thanks to the country's embrace of information techology as well as a crackdown on organised crime and terror, according to a new

Oct 20, 2015, 23:01 PM IST

Three Indian-Americans charged with $2.5 mn fraud

Three Indian-Americans have been charged by US authorities with a USD 2.5-million bank fraud and money laundering, both of which collectively attracts a total maximum sentence of 50 years in prison.

Aug 07, 2015, 19:43 PM IST

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.

Jul 01, 2015, 12:06 PM IST

Standard format for reporting bank fraud cases on anvil

"Information received from the banks are highly unstructured which makes mining of data contained in the statements very difficult. They also use different narrations for debit and credit entries which are sometimes very cryptic in nature, making it difficult to decipher the nature of transactions and hence the money trail," an official said.

Jun 28, 2015, 15:40 PM IST

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 Inform

Apr 09, 2015, 00:08 AM IST

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.

Jul 12, 2014, 03:52 AM IST

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.

May 15, 2014, 13:17 PM IST

FinMin directs banks to deal firmly with fraud, wilful default

As part of the strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default and take legal action against those responsible.

Apr 27, 2014, 13:45 PM IST

Citigroup faces criminal probe for $400 mn fraud at Mexico unit: Source

Federal authorities have opened a criminal investigation into a USD 400 million fraud involving Citigroup's Mexican unit, according to a person familiar with the matter.

Apr 04, 2014, 07:55 AM IST

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.

Jun 29, 2013, 21:21 PM IST

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.

May 23, 2013, 20:11 PM IST