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Total 94 results found. Search for [ PMC Bank fraud case ]

Results 1 to 21 of 94
BusinessToday.In
March 26, 2021
RBI said it is engaging with prospective investors in order to secure best possible terms for the depositors and other stakeholders of PMC Bank while ensuring long term viability of the reconstructed entity


BusinessToday.In
February 20, 2021
The victim of cyber fraud, Rohit Sood, claimed that a person called Trisha Watson called him up in September 2020 and said she was representative of the firm. The firm said that his CV had been shortlisted


PTI
January 4, 2021
The ED had summoned Varsha Raut in connection with the alleged transfer of funds from the accounts of Pravin Raut, an accused arrested in the Punjab and Maharashtra Cooperative (PMC) Bank fraud case


BusinessToday.In
December 28, 2020
Sanjay Raut's wife Varsha was first summoned on December 11. This is the third summons issued to her after she skipped the earlier two on health grounds. If a person skips three summons in a row then the ED can take legal and judicial action against the person


BusinessToday.In
December 19, 2020
The country's premier investigation agency has named Transstroy, its chairman-cum-managing director Cherukuri Sridhar and additional directors Rayapati Sambasiva Rao and Akkineni Satish in the FIR and alleged that loans were misappropriated by the directors


BusinessToday.In
September 22, 2020
PMC Bank's present administrator Jai Bhagwan Bhoria has stepped down on September 22 due to health reasons


Dipak Mondal
September 21, 2020
CBI has named Kwality Ltd's ex-promoter Sanjay Dhingra, and other company executives in the case


BusinessToday.In
New Delhi, September 19, 2020
Microsoft co-founder Bill Gates in an interview has reiterated his concern for climate change ; In what may come as the most surprising turn of events, the US has said it will ban TikTok and WeChat from the app stores; PMC Bank scam: ED attaches 3 hotels in Delhi worth Rs 100 crore. Watch this and more news on News Blast.


BusinessToday.In
New Delhi, September 19, 2020
PMC Bank scam: ED attaches 3 hotels in Delhi worth Rs 100 croreThe Enforcement Directorate (ED) on Friday attached three hotels in Delhi valued at around Rs 100 crore under Prevention of Money Laundering Act (PMLA), 2002 in connection with the PMC Bank fraud case. The three hotels that have been attached by the agency belong to the Fab Hotels group and are located in Kailash Colony, East of Kailash and Kalkaji areas of the national capital.Parliament passes bill to cut salary of MPs by 30% ...


BusinessToday.In
September 18, 2020
The three hotels, that have been attached by the ED, are owned by Libra Realtors Pvt Ltd, Deewan Realtors Pvt Ltd, Rakesh Kumar Wadhawan, Romy Mehra, Libra Hotels Pvt Ltd and its directors


Reuters
September 17, 2020
PMC has \"tried to engage with the major banks of the country to request for a merger\", the bank's administrator said in a Sept. 10 filing at the Delhi High Court, without identifying the banks or giving other details


Reuters
August 26, 2020
The Reserve Bank of India (RBI) took control of PMC last September after it was accused of fraud and concealing non-performing loans


PTI
August 8, 2020
In his petition filed before HC, Wadhawan, who is presently lodged at the Arthur Road prison in central Mumbai, sought to be shifted to hospitals like Lilavati, Nanavati or Criticare


Prasanna Mohanty
July 29, 2020
Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations


PTI
June 10, 2020
The fraud at the Punjab and Maharashtra Cooperative (PMC) Bank came to light in September 2019 after the Reserve Bank of India found that the PMC Bank had allegedly created fictitious accounts to hide over Rs 4,355 crore of loans extended to the almost-bankrupt HDIL


Dipak Mondal
New Delhi, February 18, 2020
Despite rise in number of whistleblower complaints, the lacunae in the system are proving to be a deterrent in the fight against corporate unethical practices


PTI
January 27, 2020
According to RBI, a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19


BusinessToday.In
January 21, 2020
So far, the RBI only used to share the details of the minutes of its board meetings in response to queries under the Right to Information (RTI) Act


PTI
Mumbai, January 16, 2020
Earlier during the day the apex court had agreed to consider the plea of enforcement agencies against the high court order to release them from jail and keeping them in their residence


BusinessToday.In
New Delhi, January 14, 2020
The Bengaluru-based lender cannot issue new loans or make any new investments without prior approval from the banking regulator for the next six months


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