Bhopal/Indore, April 28 (IANS) The Indore Sub Zonal Office of the Enforcement Directorate (ED) has taken a decisive step in a high-profile financial investigation by provisionally attaching immovable properties valued at Rs 7.76 crore.This action was carried out on April 24 under the rigorous provisions of the Prevention of Money Laundering Act of 2002. The assets involved in this attachment consist of various land parcels held in the name of Ruchi Acroni Industries Limited, a firm currently ope…
Latest UCO Bank News & Updates
Ahmedabad, April 15 (IANS) A Central Bureau of Investigation (CBI) Court in Ahmedabad on Wednesday sentenced two former officials of UCO Bank and a private proprietor to three years’ rigorous imprisonment and imposed a collective fine of Rs 30 lakh in a bank fraud case relating to the sanction and disbursement of loans against alleged forged documents.The convicted persons have been identified as Medam Prasad, then Senior Manager of UCO Bank’s Chiloda Branch in Gandhinagar; Bhaskar Soni, the…
Chikkaballapur (Karnataka), April 8 (IANS) The Central Government’s flagship Pradhan Mantri Mudra Yojana (PMMY) continues to transform the lives of small entrepreneurs across the country, with another success story emerging from Karnataka’s Chikkaballapur district.Beer Bahadur Dhami, a resident of Ward No. 30 in Chamarajpet, has successfully established and expanded his restaurant business with financial assistance received under the scheme. Availing a collateral-free loan of Rs 1.95 lakh fr…
New Delhi, April 1 (IANS) Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms.According to outage tracking platform Downdetector, complaints surged sharply during the day — indicating a widespread issue.The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints.Overall, UPI-related downtime reports also crossed 40, with numbers co…
Ahmedabad, March 24 (IANS) A special CBI court in Ahmedabad has convicted and sentenced four accused, including two former officials of UCO Bank, to five years of Rigorous Imprisonment along with fines in two separate bank fraud cases, officials said on Tuesday.The court on March 23 awarded the sentence to the then Senior Manager Medam Bhagavathi Prasad, then Assistant Manager Bhaskar Rameshchandra Soni, and private individuals involved in the cases.In the first case, the court sentenced Medam B…
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
Kolkata, Feb 17 (IANS) The office of West Bengal Chief Electoral Officer (CEO), on Tuesday, told about the Election Commission of India (ECI)’s decision to suspend three micro-observers engaged in the ongoing Special Intensive Revision (SIR) in the state on charges of dereliction of duty. “On the report of ECI-appointed District Electoral Roll Observers, three micro observers have been suspended by the West Bengal Chief Electoral Officer today afternoon. Electoral Roll Micro Observers (ERMOs) be…
Indore, Feb 13 (IANS) The Enforcement Directorate (ED) on Friday said that it has provisionally attached properties valued at Rs 10.15 crore belonging to Ruchi Acroni Industries Ltd., Indore. The federal probe agency said the attachment was drafted by the Sub-Zonal Office of ED on Thursday (February 12, 2026) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.The immovable properties of the company attached by the ED are land registered in the name of M/s Ruchi Acroni In…
New Delhi, Feb 8 (IANS) The Crime Branch of Delhi Police has busted a high-profile cyber fraud module with international linkages and arrested three accused involved in an organised cyber-financial racket. The breakthrough was achieved by the Northern Range-1 (NR-1) team during its ongoing ‘Cy-Hawk’ operations, officials said on Sunday.According to an official press release issued by the Crime Branch, an E-FIR No. 53/2025 (60001651/2025) dated December 17, 2025, was registered under Sections 308…
Hyderabad, Dec 24 (IANS) The Directorate of Enforcement (ED) restored properties valued at Rs 63.05 crore to the State Bank of India and UCO Bank in connection with a money laundering investigation against G. S. Oil Limited. ED’s Hyderabad Zonal Office completed the process of restitution of attached properties valued at approximately Rs. 63.05 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2022, to the State Bank of India (Rs. 62.30 crore) and UCO Bank (Rs. 75 la…