Supreme Court sends to Bombay High Court CBI plea against nod to Mainak Mehta to travel abroad
NEW DELHI: The Supreme Court on Thursday remanded back to the Bombay High Court for fresh adjudication in four weeks an appeal filed by the CBI challenging the nod granted to Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi, to travel to Hong Kong. Nirav Modi is an accused in the Punjab National Bank […]
Venugopal Dhoot’s plea, Chanda Kochhar’s demand for home food rejected in ICICI fraud case
NEW DELHI: A special court here on Thursday rejected Videocon founder Venugopal Dhoot’s plea which claimed that his arrest by the Central Bureau of Investigation (CBI) in the alleged loan fraud involving former ICICI Bank CEO and MD Chanda Kochhar was illegal. The CBI court also rejected applications of Chanda Kochhar and her husband Deepak […]
CBI arrests Hyderabad-based businessman in Delhi excise policy case
NEW DELHI: The CBI has arrested a Hyderabad-based businessman in connection with the alleged Delhi excise policy scam in which Deputy Chief Minister Manish Sisodia is also an accused, officials said on Monday. Abhishek Boinpally, who was allegedly lobbying for certain liquor businessmen based in southern India, was called for questioning on Sunday. The agency […]
CBI arrests ABG founder Rishi Agarwal in Rs 22,842 crore bank fraud case
NEW DELHI: The CBI on Wednesday arrested Rishi Kamlesh Agarwal, the founder of ABG Shipyard Limited, in connection with an alleged bank fraud of more than Rs 22,842 crore, officials said. The Central Bureau of Investigation (CBI) had booked Agarwal, a former chairman of the company, the then executive director Santhanam Muthaswamy, and directors Ashwini […]
CBI questions former ABG Shipyard CMD Rishi Agarwal: Report
NEW DELHI: The CBI has questioned former chairman and managing director of ABG Shipyard Ltd Rishi Agarwal in connection with its probe into the Rs 22,848 crore alleged banking fraud, the biggest such case registered by the central agency, officials said Thursday. Agarwal was examined recently, the officials said without giving details of exact date […]
CBI issues look out notices against former CMD of ABG Shipyard, 8 others
NEW DELHI: The CBI on Tuesday said it has issued look out notices against Rishi Kamlesh Agarwal, the former chairman and managing director of ABG Shipyard, and eight others in a bank fraud case of over Rs 22,842 crore. The agency in a statement said Look Out Circulars (LOCs) have already been opened by the […]
CBI books ABG shipyard for biggest bank loan fraud
NEW DELHI: In its biggest bank fraud case, the CBI has booked ABG Shipyard Ltd and its former chairman and managing director Rishi Kamlesh Agarwal along with others for allegedly cheating a consortium of banks led by State Bank of India of over Rs 22,842 crore, officials said on Saturday. Besides Agarwal, the agency has […]
Rs 2,435-crore bank fraud case: CBI books ex-Crompton Greaves chairman, others
NEW DELHI: The CBI on Thursday carried out searches at six locations after registering a fresh case of fraud of Rs 2,435 crore in Yes Bank and other consortium banks against former CG Power and Industrial Solutions chairman Gautam Thapar who is already under probe in more such cases, officials said. CG Power and Industrial […]
Mehul Choksi denied bail by Dominica High Court
NEW DELHI: The Dominica High Court has denied bail to fugitive diamantaire Mehul Choksi in the case of illegal entry into the island country after his mysterious disappearance from neighbouring Antigua and Barbuda where he is staying as a citizen since 2018, local Caribbean media reported. The high court on Friday (local time) gave the […]
CBI books DHFL over fictitious home-loan accounts
NEW DELHI: The CBI has booked the DHFL and its directors for allegedly creating over 2.60 lakh fictitious home-loan accounts, some of which were used to claim interest subsidies in the Pradhan Mantri Awas Yojna (PMAY), officials said on Wednesday. The irregularities were pointed out in the report of auditor Grant Thornton, appointed by the […]
2G scam: CBI commences fresh arguments in Delhi High Court in appeal against acquittals
NEW DELHI: CBI commenced arguments afresh in the Delhi High Court on Thursday in its appeal against the acquittal of former telecom minister A Raja and others in the 2G spectrum allocation scam case. However, the arguments via video conferencing before Justice Yogesh Khanna had to be stopped after only a brief hearing due to […]
CBI books Delhi’s Sonear Industries in Rs 168 crore bank fraud
NEW DELHI: The Central Bureau of Investigation (CBI) has registered a case against a Delhi-based firm for defrauding Punjab National Bank (PNB) to the tune of Rs 168.73 crore through diversion of funds and fraudulent transactions, the agency said on Monday. The Central probe agency registered an FIR on December 31 based on a complaint […]
CBI charges Shakti Bhog foods in Rs 3,269 crore alleged bank fraud case
NEW DELHI: The CBI has charged Delhi-based Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI), officials said on Friday. On a complaint from the SBI, the agency has charged the managing director of the company, Kewal Krishan […]
CBI books IVRCL in Rs 4,837 crore-bank fraud after extensive searches
NEW DELHI: The Central Bureau or Investigation (CBI) on Wednesday filed a corruption case against debt-laden IVRCL, a listed firm, its managing director Sudhir Reddy and others for an alleged bank fraud of over Rs 4,837 crore, in a consortium led by State Bank of India. The Hyderabad-based firm, which had executed major projects across […]
CBI arrests 2 former managing directors in ponzi scam
NEW DELHI: The CBI has arrested two former managing directors of companies in two separate cases related to a scam in which Rs 756 crore of investors’ money is under scanner, officials said Thursday. Awdhesh Singh, the then managing director of Sun Plant Agro Ltd and Dipankar De, the then managing director of New Land […]
CBI books Hyderabad-based firm for over Rs 7,926-crore bank fraud
NEW DELHI: The CBI has booked Hyderabad-based Transstroy (India) Ltd and its directors for alleged bank fraud of over Rs 7,926 crore in a consortium led by Canara Bank, in one of the biggest banking scams in the country, officials said on Friday. The agency carried out searches at the premises of the company and […]