Chandigarh, June 30 (IANS) The CBI arrested Pardeep Kumar, IAS, former Member Secretary of Haryana State Pollution Control Board (HSPCB), in connection with the misappropriation of Rs 169 crore in government funds from the IDFC First Bank branch in Sector-32 here, an official said on Tuesday. An investigation by the Central Bureau of Investigation (CBI) revealed that the actions of Pardeep Kumar, as Member Secretary, had a direct nexus with the fraud, according to an official statement.Before th…
Latest AU Small Finance Bank News & Updates
Mumbai, June 23 (IANS) The Reserve Bank of India (RBI) on Tuesday issued clarifications on the operational aspects of Foreign Currency Non-Resident Bank (FCNR-B) deposits, addressing queries raised by banks regarding the mobilisation of such deposits and related lending activities. The clarification is expected to encourage greater inflows through the FCNR-B route, which could provide support to the rupee in the near term.According to a document released by the central bank, all Indian banks, in…
Chandigarh, June 23 (IANS) The Central Bureau of Investigation (CBI) has arrested senior Indian Administrative Service (IAS) officer Pankaj Aggarwal in connection with the misappropriation of government funds deposited with the Chandigarh branch of IDFC First Bank. This was the second arrest of an IAS officer in the case. Aggarwal, who is blamed for fund embezzlement of the Haryana School Shiksha Pariyojna Parishad and the Haryana State Agriculture Marketing Board, will be produced before the co…
Bhubaneswar, June 9 (IANS) The Crime Branch of Odisha Police has apprehended two accused from Delhi and Uttarakhand for their alleged involvement in a Rs 1.38-crore “digital arrest” cyber fraud case targeting a Bhubaneswar-based victim, said a senior Crime Branch official on Tuesday. The case was registered following a complaint filed by a Bhubaneswar resident who was duped by fraudsters posing as Mumbai Cyber Crime officials. The accused allegedly informed the victim that his Aadhaar number…
Panchkula, May 21 (IANS) The Central Bureau of Investigation (CBI) on Thursday filed a charge sheet in a Special Court against 15 accused, including three public servants and six bank officials of IDFC First Bank and AU Small Finance Bank, in the case related to misappropriation of Rs 504 crore belonging to the Haryana government. “The charge sheet filed in the Special CBI Court in Panchkula invoked penal provisions of criminal conspiracy, criminal breach of trust, cheating, forgery, destruction…
Chandigarh, May 15 (IANS) The Central Bureau of Investigation (CBI) conducted searches at multiple locations in Chandigarh and Panchkula, in connection with the Haryana IDFC First Bank/AU Small Finance bank scam on Thursday, to trace “the routing and siphoning of ill-gotten money” from the large-scale embezzlement of funds, an official statement said on Friday.Searches were conducted at 7 locations, including residential premises, business establishments/showrooms of jewellers, premises of s…
Hyderabad, April 19 (IANS) The Hyderabad City Police have dismantled a pan-India cyber fraud network with the arrest of 52 accused, including 32 bank officials in nine states. Hyderabad Police Commissioner V. C. Sajjanar said on Sunday that a major operation titled Operation Octopus 2.0 was launched to dismantle an organised cyber fraud network.Sixteen special teams comprising seasoned investigators conducted the operation simultaneously across nine states over a span of seven days.The Commissio…
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
Chandigarh, March 12 (IANS) The investigation into the IDFC First Bank scam has revealed that the main accused created several shell companies and illegally transferred government funds to various accounts, Additional Director General of Police Charu Bali, who is posted with the State Vigilance and Anti-Corruption Bureau, said on Thursday. She said preliminary investigations have revealed that funds were transferred from government department accounts to these shell companies without authorizati…
New Delhi, March 10 (IANS) IDFC First Bank on Tuesday said it paid Rs 645 crore in claims linked to the fraud at its Chandigarh branch, about Rs 55 crore more than its initial estimate, and confirmed no further discrepancies have been found.IDFC First Bank said in an exchange filing that “against the initial estimate of principal of Rs 590 crore, the bank has received claims and paid the net principal amount of Rs 645 crore.”The claims “pertain to the same incident and linked to the same branc…