New Delhi, April 20 (IANS) The Central Bureau of Investigation (CBI) has arrested two senior executives of Anil Ambani-controlled Reliance Communications (RCom), D. Vishwanath and Anil Kalya, in connection with the Rs 19,694 crore bank fraud case registered against the company, according to an agency statement on Monday. The CBI had registered a regular case against Reliance Communications Limited, Anil D Ambani, and unknown others on the complaint of State Bank of India (SBI), on the allegation…
Latest Bank Fraud News & Updates
Washington, April 3 (IANS) A Chinese national unlawfully residing in the United States has been sentenced to 30 months in prison for his role in an identity theft and vehicle fraud scheme involving luxury cars, federal prosecutors said.David X. Sullivan, United States Attorney for the District of Connecticut, said Huachun Zheng, also known as “Ri Yuan,” 43, was sentenced by US District Judge Sarala V. Nagala in Hartford.According to court documents and statements made in court, Zheng and his…
Mumbai, March 26 (IANS) The Central Bureau of Investigation (CBI) has registered a case against Reliance Telecom Ltd., its then Directors Satish Seth and Gautam B. Doshi, along with unknown public servants and others, in connection with an alleged bank fraud case involving State Bank of India (SBI) amounting to Rs 114.98 crore.According to officials, the agency has invoked charges of criminal conspiracy and cheating under the Indian Penal Code, along with provisions related to criminal misconduc…
Indore, March 25 (IANS) The Enforcement Directorate (ED)’s Indore Sub-Zonal Office has provisionally attached three immovable properties valued at around Rs 4 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a significant bank fraud case. The attached assets are agricultural lands located in Dhar and Khargone districts of Madhya Pradesh. The action targets Ram Patidar, proprietor of M/s Narmada Sheit Grih based in Dhar. The ED launched its probe following an FI…
New Delhi, March 13 (IANS) The CBI on Friday interrogated Anil Ambani’s son Jai Anmol Anil Ambani in connection with the Rs 228 crore bank fraud case involving Reliance Home Finance Ltd (RHFL).Jai Anmol Anil Ambani, who is also an accused in the case, was questioned by the investigating officer for around 6.5 hours at the CBI headquarters in the national capital.He has been asked to appear for further examination before the investigating officer on Saturday as well.The CBI, on December 6, 2025…
Gurugram, Feb 5 (IANS) A Special PMLA Court in Gurugram sent a private company’s former resolution professional (RP), arrested for illegal diversion of funds, to ED custody for eight days, an official said on Thursday. The Directorate of Enforcement (ED), Gurugram Zonal Office, had arrested Arvind Kumar, former RP of Richa Industries Limited, under the provisions of the Prevention of Money-laundering Act (PMLA), 2002, on February 3, an official statement said.He was produced before the Special…
New Delhi, Jan 30 (IANS) The Central Bureau of Investigation (CBI) has arrested two proclaimed offenders wanted in long-pending bank fraud cases involving crores of rupees. The arrests were made on Friday, following a meticulously planned operation conducted across two cities, the agency said in an official press release. The accused have been identified as Sanjay Sharma, also known by aliases Sanjeev Dixit and Pankaj Bhardwaj, a resident of Banswara, Rajasthan, and Sheetal Sharma, also known as…
New Delhi, Jan 30 (IANS) The Directorate of Enforcement (ED) has arrested Punit Garg, ex-Director of Reliance Communications (RCOM) Ltd, under the Prevention of Money Laundering Act (PMLA) in the over Rs 40,000 crore bank fraud and money laundering case, an agency statement said on Friday.The probe shows Garg diverted proceeds of crime to offshore entities and used these proceeds of crime for financing the overseas education of his children. He also fraudulently sold an $8.3 million luxury condo…
Kolkata, Jan 29 (IANS) The Central Bureau of Investigation (CBI) on Thursday raided multiple locations in south Kolkata in connection with a multi-crore financial fraud case. According to sources, officials of the central investigation agency first raided the home and office of a businessman on New Road in Alipore. After finding no one there, they then went to another house in Alipore. The search is ongoing at the moment. The search and raid began in the morning.According to CBI sources, the rai…
Kolkata, Jan 18 (IANS) The Enforcement Directorate (ED), Kolkata, has arrested Pratyush Kumar Sureka (40), a resident of Kolkata, under Section 19(1) of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a bank fraud case involving M/s Shree Ganesh Jewellery House (I) Ltd, the central investigation agency said in a statement on Sunday.According to the statement, the ED initiated investigation on the basis of an FIR registered by the Central Bureau of Investigation (CBI) agai…