IDBI Bank fraud: CBI books two bank chiefs, ex-Aircel promoter Sivasankaran

CBI has registered a case against former Aircel promoter C Sivasankaran and his company's executives in an alleged Rs 6-billion bank fraud case.....»»

The bank had initiated recovery actions to recover dues from the borrower in August 2016, it said.....»»

Ninad Karpe and S Ravi, were named in the FIR filed by the CBI in connection with a Rs 6 bn loan given by the bank to former Aircel promoter C Sivasankaran, his son and companies controlled by him.....»»

Sivasankaran allegedly took a loan of Rs 5.3 billion in February 2014. This swelled to Rs 6 billion after becoming NPA.....»»

According to legal experts, these individuals may continue to hold office until investigative agencies file a prosecution charge against them.....»»

Canadian police have frozen assets of the founders of Vanbex, as part of a fraud probe into the firm's $22 million ICO......»»

Sivasankaran allegedly took a loan of Rs 5.3 billion in February 2014. This swelled to Rs 6 billion after becoming NPA.....»»

The stock plunged 14% to Rs 19.15 on the BSE, its lowest level since September 7, 2006.....»»

The accused people in pursuance of criminal conspiracy defrauded the UCO Bank to the tune of Rs. 6.21 billion.....»»

Oklahoma judge orders Kansas City Chiefs superfan "ChiefsAholic" to pay $10.8M to bank teller.....»»

A Florida private equity manager has been indicted on charges he lied about his investors in order to obtain a $95 million bank loan for his $500 million fund, federal prosecutors in Manhattan said on Wednesday......»»

An app that generated fake bank account statements kept the scheme going......»»

Morgan Stanley's first-quarter profit more than doubled from a year earlier, reporting a profit of $4.1 billion, despite the bank's record performance being offset by Archegos losses......»»

If you suspect bank account fraud, act fast. Otherwise, any money that’s missing may be gone for good. Here’s what to do......»»

Former Eaze Technologies Inc. CEO Jim Patterson has pleaded guilty to one count of conspiracy to commit bank fraud. read more.....»»

He was acquitted in the BCCI banking fraud scandal of the 1990s before launching ZeniMax Media, the parent company of video game giant Bethesda Softworks......»»

Manafort was convicted of tax fraud, bank fraud, and failure to report foreign bank accounts. He also pleaded guilty to conspiracy and obstructio.....»»

The bank, which has contracted with the state Employment Development Department to issue debit cards containing unemployment benefits, is.....»»

Pioneer Bank alleges Michael Mann misrepresented how he'd be using accounts at the bank, which set him up to access special banking rights that he ultimately used to abuse the check deposit system......»»

President Donald Trump met with the heads of major banks Wednesday as the coronavirus was declared a pandemic and the Dow Jones Industrial Average closed in a bear market......»»