Real Estate
Nirav Modi's Imminent Return to India: Final Legal Hurdle Cleared
The UK High Court has dismissed Nirav Modi's final legal challenge against extradition to India, paving the way for his return to face trial for the Rs13,000 crore Punjab National Bank fraud.
Real Estate
The Dark Side of Power: Ex-UCO Bank Boss’s Multi-Crore Fraud Unveiled
The Enforcement Directorate (ED) has uncovered a web of financial crimes linked to Subodh Kumar Goel, the former CMD of UCO Bank, involving bribes, shell companies, and family proxies.
Real Estate
ED Arrests Former UCO Bank CMD Subodh Kumar Goel in ₹6,210 Crore Bank Fraud Case
The Enforcement Directorate (ED) has arrested Subodh Kumar Goel, the former CMD of UCO Bank, in connection with a massive ₹6,210 crore bank fraud case. The investigation reveals that Goel received significant illegal gratifications in return for approving large loans to CSPL.
real estate news
Noida Real Estate Developer Arrested for ₹165 Crore Bank Fraud
A prominent Noida real estate developer has been arrested by the Economic Offences Wing (EOW) for allegedly defrauding banks to the tune of ₹165 crore. The case gained traction after a financial creditor approached the National Company Law Tribunal (NCLT), alleging that 75 flats mortgaged to them had already been pledged to other financial institutions.
Real Estate Mumbai
CBI Charges Five Construction Firm Officials in ₹12-Crore Bank Fraud Case
The Central Bureau of Investigation (CBI) has booked five officials from a construction firm for allegedly misusing ₹12 crore of a bank loan intended for Mumbai real estate projects. The officials are accused of selling units without obtaining the necessary No Objection Certificates (NOCs) as required by the loan agreement.
Real Estate
Rs 13,000 Crore Bank Fraud Unveiled: ED Seizes Huge Cash in Surana Group Raids
The Enforcement Directorate (ED) has seized a significant amount of cash during raids on the Surana Group, uncovering a massive Rs 13,000 crore bank fraud. The investigation reveals that the group siphoned off funds to shell companies and invested heavily in real estate.