Panchkula, Jan 15 (IANS) A Special CBI court in Haryana sentenced four officials of two real estate companies to varying jail terms varying of five to four years, along with penalties, in a case pertaining to fund diversion and bank loan fraud involving Rs 152 crore, an official said.Bishan Bansal and Nanak Chand Tayal, both linked to SRS Real Infrastructure Ltd and SRS Real Estate, have been sentenced to Rigorous Imprisonment (RI) for five years with a fine of Rs 80,000 each, a CBI statement sa…
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New Delhi, Dec 25 (IANS) A Special CBI Court, Lucknow, sentenced two persons to five years’ imprisonment with a fine of Rs 12 lakh each for cheating LIC of India of Rs 15.22 lakh in 2003 through fraudulent payments under 20 policies, an official said on Thursday. Braj Kumar Pandey and Manish Kumar Srivastava, colluded with others in the offence and were held guilty of criminal conspiracy by the Special Court, the CBI said in a statement.The Central Bureau of Investigation (CBI) registered the …
New Delhi, Dec 24 (IANS) The Central Bureau of Investigation (CBI) on Wednesday said that it has arrested two bank officials involved in opening of mule accounts in conspiracy with organized cyber criminals and these accounts were later used in fund transfer in cyber frauds.The names of the arrested are- Shalini Sinha, Assistant Manager, Canara Bank and Abhishek Kumar, Business Development Associate, Axis Bank.During the course of investigation of a CBI case registered in connection with the mul…
New Delhi, Dec 24 (IANS) The number of deals in the banking, financial services and insurance (BFSI) space rose threefold in CY 25, a report said on Wednesday.The report from financial services firm Equirus Capital said that the year saw 30 deals compared to 10 deals in 2024, with banks and non‑bank financial companies accounting for mergers, acquisitions and strategic deals worth Rs 42,939 crore.Other BFSI segments recorded deals worth Rs 43,014 crore, it added.The firm highlighted that NBFCs…