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The CBI and ED arrested Kapoor in another case which is the outcome of their investigations in DHFL Mumbai case of fraud and embezzlement of over $3 Billion, [27] in which Kapoor was alleged to have received over $100 million in kickbacks over bogus loans extended by Yes Bank to DHFL and the kickbacks were used to purchase expensive properties ...
The 2016 Indian bank data breach was reported in October 2016. It was estimated 3.2 million debit cards were compromised. It was estimated 3.2 million debit cards were compromised. Major Indian banks , among them SBI , HDFC Bank , ICICI , YES Bank and Axis Bank , were among the worst hit. [ 1 ]
The ED has linked Yes Bank for various fraud and transactions amounting to 3700 crores as debentures in DHFL. The central bank appointed administrator at Dewan Housing Finance (DHFL) has ordered a transaction audit at the non-bank lender after allegations of money laundering surfaced in the aftermath of the regulatory action on Yes Bank. [27]
First Direct’s quickest response time in the study was 10 seconds. The worst performing bank in the investigation, the Co-operative Bank, took 31 minutes and 40 seconds on average.
Three of Hernandez’s co-conspirators in the TD Bank fraud case have also been prosecuted by the U.S. Attorney’s Office: Armando Ariel De Leon, a former TD Bank employee in Miami-Dade, admitted ...
This broker goes to another bank and tries to sell the securities and vice versa for buying. Since Mehta was a renowned broker, he issued cheques in his name instead of the bank. When the bank wanted money for the securities, he approached another bank and repeated the same process, and invested the bank money in the stock market. [10]
A former New Jersey bookkeeper recently pleaded guilty to bank fraud in federal court, admitting she orchestrated an elaborate $1.7 million check-writing scheme using fraudulent company checks.
The ICICI-Videocon loan scam is about a criminal conspiracy by Chanda Kochhar as Managing Director of ICICI Bank who abused her position by sanctioning a ₹ 3,250 crore (US$696.34 million) loan to Venugopal Dhoot's Videocon International Electronics Limited (VIEL) between June 2009 and October 2011 to cheat the bank in lieu of illegal gratification and undue benefit received in NuPower ...