News

Five Sentenced to 5 Years in Jail for Fraud in DRT Property Valuation Case

By Atul Krishan April 3, 2025 Auction Fraud Bank Fraud CBI corruption case Debt Recovery Tribunal Dhanalakshmi Bank India Judiciary Legal proceedings Madras High Court Madurai Bench N. Venkeeshwaran Public Corruption R. Anitha R. Rajesh Kannan S. Kasimayan Selvaraj Supreme Court Upset Price Manipulation

The Madurai Bench of the Madras High Court has sentenced five individuals, including former bank and tribunal officials, to five years of rigorous imprisonment in a 2009 corruption case investigated by the CBI. The accused were found guilty of conspiring to undervalue auction properties for personal gain, leading to financial losses. The High Court overturned their 2016 acquittal, imposing a total fine of ₹27 lakh. However, the sentences have been temporarily suspended following a Supreme Court order.

A 60-year-old man, the main accused in a ₹65,000 loan fraud case, was initially remanded to 14 days' judicial custody despite the matter being settled.

News

Loan fraud case: Accused sent to jail despite settlement, later granted bail

By Atul Krishan November 27, 2024 bank Bank Fraud bank Fraud Case Finance Bank Fraud Loan Loan fraud Ujjivan Small Finance Bank

A 60-year-old man, the main accused in a ₹65,000 loan fraud case, was initially remanded to 14 days’ judicial custody despite the matter being settled.

India

ICICI Bank Official Accused of Defrauding Businesswoman of Rs 16 Crore: FIR lodged with EOW

By Atul Krishan February 28, 2024 Bank Fraud delhi police Hong Kong ICICI Bank Rs 16 cr shveta sharma USA

A senior police official stated that about a week ago, the victim, Shveta Sharma, approached the EOW and filed a written complaint. EOW officials carefully examined her complaint before registering the FIR.

News

₹4k crore bank fraud case: CBI books Kolkata-based Corporate Power, its promoters, directors

By Anand Singh December 23, 2022 Bank Fraud CBI kolkata Rs 4000 crore bank fraud UBI

The CBI FIR is based on a complaint filed by Union Bank of India alleging bank fraud totaling ₹4,037.87 crores to a consortium of 20 banks.

News

CBI Files Chargesheet Against Ex-ABG Shipyard Chief Rishi Agarwal In Bank Fraud Case

By Anand Singh November 19, 2022 ABG Shipyard Bank Fraud Rishi Agarwal

The Central Bureau of Investigation on 19 November filed a chargesheet against former ABG Shipyard Chairman Rishi Agarwal and others in ₹23,000-crore bank fraud case.…

Investigation

CBI Issues LOC Against Directors Of ABG Shipyard In Rs 22.8K Crore Bank Fraud Case

By Anand Singh February 15, 2022 ABG Shipyard Bank Fraud CBI Raid Scam

New Delhi: Almost a week after the Central Bureau of Investigation (CBI) booked ABG Shipyard, a shipbuilding and repair company, the agency on Tuesday issued…

THE NEW INDIAN

Bank Fraud

Five Sentenced to 5 Years in Jail for Fraud in DRT Property Valuation Case

Loan fraud case: Accused sent to jail despite settlement, later granted bail

ICICI Bank Official Accused of Defrauding Businesswoman of Rs 16 Crore: FIR lodged with EOW

₹4k crore bank fraud case: CBI books Kolkata-based Corporate Power, its promoters, directors

CBI Files Chargesheet Against Ex-ABG Shipyard Chief Rishi Agarwal In Bank Fraud Case

CBI Issues LOC Against Directors Of ABG Shipyard In Rs 22.8K Crore Bank Fraud Case

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