Diabytes
Bank fraud case News
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The Enforcement Directorate (ED) has launched extensive raids across 10 premises in Delhi-NCR and Punjab in connection with a Rs 988 crore bank fraud case involving Shilpi Cables Technologies Ltd (SCTL). Promoters and associates are under the scanner for allegedly defrauding IDBI Bank and other consortium banks.
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Five persons, including two masterminds of the Cooperative Bank fraud case, have been arrested by the UP's Police`s STF)
In the bank fraud case, wherein Rs 146 crore was digitally transferred, the hackers from Delhi are still on the run
The cyber thugs spent Rs 1 crore in 18 months, hired three hackers, and used six devices, to breach the bank`s server
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The ED probe revealed that ABG Shipyard Ltd and its Chairman & Managing Director Rishi Kamlesh Agarwal availed various credit facilities/loans from a consortium of Banks on the pretext of meeting its capital requirements and other business expenses.
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CBI has made seized several luxurious items during its searches.
The case pertains to an alleged loss to the tune of Rs. 34,615 crore to a consortium of 17 banks led by Union Bank of India.
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The probe agency has booked DHFL, its former CMD Kapil Wadhawan and director Dheeraj Wadhawan.
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CBI has arrested two foreign nationals in an ongoing investigation regarding a Rs 100 crore bank fraud case.
The searches at Ramapuram locality in Chennai led to two foreign nationals, alleged to be residents of Cameroon, Congo.
Laptops, mobile phones, camera, printer, other documents were also recovered.
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V Satish Kumar was arrested under the Prevention of Money Laundering Act 2002, with the connivance of his sister Hima Bindu B, MD of VMC Systems Limited, a Hyderabad-based telecom equipment manufacturer.
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CBI had registered a case on December 13, 2007 against the said three arrested accused and 12 other accused including officials of Union Bank of India, Sachivalaya Branch and Central Bank of India, Nakkhas Branch, Lucknow.
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Choksi says he was 'always available for cooperation' for the bank fraud probe
He also said that he was seriously considering proving his innocence to India
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The CBI officials booked by the agency are Deputy Superintendents of Police R K Rishi and R K Sangwan, Inspector Kapil Dhankad and Steno Samir Kumar Singh.
Searches were conducted at 14 locations, including Delhi, Ghaziabad, Noida, Gurgaon, Meerut and Kanpur, at the premises of the accused.
Besides the personnel, the CBI has booked several private persons, including advocates.
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This is not the first time the CBI has carried out such a massive search operation. It has carried out several similar searches in bank fraud cases in the last few months.
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Initiating action in yet another case of a high-value bank fraud, ED has attached assets worth Rs 53 crore of a Delhi-based perfume and mining firm in connection with its money laundering probe against it for allegedly creating bad debts of over Rs 2,000 crore.
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