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Have bank account? You may lose your money if you spoke to these call centre staffers

Have bank account? You may lose your money if you spoke to these call centre staffers

Sun, Aug 05, 2018

People with bank accounts who may have spoken to a call centre employee over its  status,  have a big reason to worry. 

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Narendra Modi government set to target bank officials now

Narendra Modi government set to target bank officials now

Wed, May 09, 2018

The PM Narendra Modi led government is contemplating action against top officials of various banks whose names have cropped up in the investigation reports of various agencies, according to official sources. In recent months, many frauds in the banking sector, including those involving diamantaire Nirav Modi and his firms, Rotomac Pens, Dwarka Das Seth International, and Aircel, have come to light.

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Money laundering: Rs 834 forex scam unearthed; Geodesic Ltd CA arrested

Money laundering: Rs 834 forex scam unearthed; Geodesic Ltd CA arrested

Sat, Apr 28, 2018

Money laundering:  Geodesic Ltd was allegedly involved in a Foreign Currency Convertible Bond (FCCB) default case. FCCB is a convertible bond issued in a currency other than the issuer’s domestic currency

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80:20 gold import scheme: PAC panel wants probe by CBI, ED into 35 jewellers cases

80:20 gold import scheme: PAC panel wants probe by CBI, ED into 35 jewellers cases

Tue, Mar 27, 2018

The members of the panel felt that like fugitive diamantaire Nirav Modi and owner of Gitanjali Gems Mehul Choksi, these jewellers misused the scheme for money laundering and that they should be investigated for violation of the Prevention of Money Laundering Act, a member of the panel said on condition of anonymity

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PNB fraud case: 9 firms tied to Nirav Modi did no business

PNB fraud case: 9 firms tied to Nirav Modi did no business

Fri, Feb 23, 2018

AT least nine firms associated with billionaire diamond jeweller Nirav Modi were incorporated in 2010 but did not carry out any business before all of them were shut down in 2012, as per records investigated by The Indian Express.

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Rotomac scam: CBI arrests Vikram Kothari, his son Rahul

Rotomac scam: CBI arrests Vikram Kothari, his son Rahul

Fri, Feb 23, 2018

Kothari, who was called at the CBI headquarters in New Delhi for questioning, and Rahul were not cooperating in the investigation that led to their arrest.

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ED probes shell companies linked to Nirav, Choksi

ED probes shell companies linked to Nirav, Choksi

Thu, Feb 22, 2018

The Enforcement Directorate (ED) is probing 120 shell companies allegedly linked to Nirav Modi and Mehul Choksi even as Income Tax officials claimed to have found two companies linked to Nirav that received Rs 555 crore from foreign companies between 2013 and 2014.

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Bank fraud: After CBI, ED; I-T dept tightens noose around Rotomac Group

Bank fraud: After CBI, ED; I-T dept tightens noose around Rotomac Group

Tue, Feb 20, 2018

The I-T department has so far attached 11 bank accounts in connection with an alleged tax evasion probe against the Rotomac group and its promoters. 

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PNB fraud: A timeline of Rs 11,400 crore scam; how bank lost nearly Rs 14,000 crore

PNB fraud: A timeline of Rs 11,400 crore scam; how bank lost nearly Rs 14,000 crore

Tue, Feb 20, 2018

Since the day Rs 11,400 crore Punjab National Bank (PNB) fraud case came to light, the state-owned bank is bearing the brunt of investors who continue to remove their money from its stock for the fourth consecutive day.  

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PNB fraud: 200 shell firms, benami assets under ED, I-T dept scanner

PNB fraud: 200 shell firms, benami assets under ED, I-T dept scanner

Sun, Feb 18, 2018

It is suspected that the shell firms were being used by the accused to launder money and create “benami” assets in the form of land, gold and precious stones, which is now being probed by the tax department. 

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PNB fraud: ED seizes diamond jewellery worth Rs 1 crore from Patna outlet

PNB fraud: ED seizes diamond jewellery worth Rs 1 crore from Patna outlet

Sun, Feb 18, 2018

After the scam surfaced, the 'Just In Vogue' outlet removed all diamond jewelleries that had been on display and replaced them with watches, ED officials said.

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PNB fraud: MEA suspends passports of Nirav Modi, Mehul Choksi

PNB fraud: MEA suspends passports of Nirav Modi, Mehul Choksi

Fri, Feb 16, 2018

The Ministry of External Affairs today suspended the passports of Nirav Modi and Mehul Choksi, accused in the Rs 11,000 crore Punjab National Bank fraud, for a period of four weeks with immediate effect. The MEA took the step following the advice of the Enforcement Directorate.

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Vijay Mallya calls himself a political victim before UK court

Vijay Mallya calls himself a political victim before UK court

Tue, Nov 21, 2017

Mallya fled to Britain in March last year, after defaulting on loan payments to state-owned banks — Rs 900 crore loan from IDBI Bank, and a Rs 9,400 crore loan given by an SBI-led 17-bank consortium — and allegedly misused the funds by rerouting them to tax havens. 

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ED takes possession of Vijay Mallya's United Breweries stake; Heineken in a spot

ED takes possession of Vijay Mallya's United Breweries stake; Heineken in a spot

Tue, May 23, 2017

ED takes possession of Vijay Mallya's United Breweries stake; Heineken in a spot. Watch the full segment for more details.

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ED files PMLA case against Karti Chidambaram, INX Media

ED files PMLA case against Karti Chidambaram, INX Media

Sat, May 20, 2017

ED files PMLA case against Karti Chidambaram, INX Media. Watch the full segment for more details.

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ED confiscates Rs 100 crore farm house of Vijay Mallya in Maharashtra

ED confiscates Rs 100 crore farm house of Vijay Mallya in Maharashtra

Thu, May 18, 2017

The property, spread in 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).

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UK's Crown Prosecution Service defers Vijay Mallya's extradition hearing to June 13

UK's Crown Prosecution Service defers Vijay Mallya's extradition hearing to June 13

Sat, May 13, 2017

The UK's Crown Prosecution Service (CPS) on Friday said that the next hearing on extradition of Kingfisher Airlines owner Vijay Mallya has been deferred to June 13 this year.

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ED arrested G D Reddy and K Liakath Ali

ED arrested G D Reddy and K Liakath Ali

Tue, Apr 04, 2017

ED arrested G D Reddy and K Liakath Ali. Watch this special segment and get to know more here.

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Chartered accountants, advocates helped in laundering illicit cash worth Rs 3,790 crore, says Corporate Affairs Minister Arjun Ram Meghwal

Chartered accountants, advocates helped in laundering illicit cash worth Rs 3,790 crore, says Corporate Affairs Minister Arjun Ram Meghwal

Fri, Mar 17, 2017

Corporate Affairs Minister Arjun Ram Meghwal told Parliament on Friday that Serious Fraud Investigation Office (SFIO) has found that chartered accountants and advocates helped 559 people launder Rs 3,790 crore in cash. 

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Karnataka High Court issues bailable arrest warrant against Vijay Mallya

Karnataka High Court issues bailable arrest warrant against Vijay Mallya

Fri, Jan 27, 2017

The Karnataka High Court on Friday issued a bailable arrest warrant against Vijay Mallya for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries Limited (UBL) to British spirits company Diageo Plc.

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