Real Estate Mumbai
ED Busts Businessman in 5-Star Hotel for ₹117-Cr Bank Fraud
The Enforcement Directorate (ED) in Mumbai has arrested businessman Amit Thepade from a luxury hotel for his involvement in a ₹117-crore bank fraud. The accused had defrauded Canara Bank by availing of loans through mortgaged properties that were either already sold or mortgaged.
Real Estate Pune
ED Cracks Down: Arrests Pune Businessman in Rs 117-Crore Bank Loan Fraud
The Enforcement Directorate (ED) in Mumbai has arrested a Pune-based businessman in a Rs 117.06 crore Canara Bank loan fraud case, seizing cash and valuable assets.
Real Estate
Supreme Court Approves CBI to Register 22 Cases in NCR Builder-Bank Fraud
The Supreme Court has granted the CBI permission to register 22 cases related to the fraudulent activities involving builders and banks in the National Capital Region (NCR).
Real Estate Mumbai
Mumbai EOW Cracks Down: Building Material Supplier Arrested in ₹122 Crore Bank Scam
The Economic Offences Wing (EOW) in Mumbai has arrested Pawan Amarsingh Jaiswal, a 47-year-old building-material supplier, in connection with a ₹122 crore fraud at the New India Co-operative Bank. Jaiswal's arrest has exposed links to a broader money laundering network involving charitable trusts and real estate.
Real Estate Mumbai
Mumbai Businessman Denies Bail in Rs 764 Crore Bank Fraud and Money Laundering Case
Vijay Gupta, founder of the Vindhyavasini Group, has been denied bail by a special PMLA court in Mumbai. The businessman is accused of involvement in a Rs 764.44 crore fraud and money laundering case involving the State Bank of India.
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.
Real Estate Mumbai
Mumbai Police Makes Fifth Arrest in Rs 122 Crore Bank Fraud Case
Mumbai Police have made a significant breakthrough in the Rs 122 crore fraud case involving the New India Bank. The latest arrest is of a key accomplice who allegedly received funds from the main culprits.
Real Estate
Mumbai Police Makes Fifth Arrest in Rs 122 Crore New India Bank Fraud Case
Mumbai Police have made the fifth arrest in the Rs 122 crore New India Bank fraud case. The latest arrest includes a real estate businessman and an accomplice, adding to the ongoing investigation. The suspect allegedly received funds from three individual
Real Estate Mumbai
Major Arrest in Mumbai Bank Embezzlement Scandal
In a significant development, police have arrested an individual involved in a Rs 12 crore embezzlement case, allegedly linked to real estate developers and other accomplices.
Real Estate
Rs 486 Crore Property Seized in Bhushan Power and Steel Bank Fraud Case - Insolvency Tracker
The Central Bureau of Investigation (CBI) has filed an FIR alleging that the directors of Bhushan Power and Steel Ltd (BPSL) defrauded banks of a staggering ₹47,204 crore. As part of the ongoing investigation, the CBI has attached properties worth Rs 486
Real Estate Pune
CBI Launches Inquiry Against Real Estate Company in Multi-Crore Bank Fraud
The Central Bureau of Investigation (CBI) has initiated an investigation into a Pune-based real estate firm for a multi-crore bank fraud involving the misappropriation of funds and alleged misconduct by a bank official.
Real Estate Mumbai
CBI Launches Investigation into Realty Firm for Multi-Crore Bank Fraud
The Central Bureau of Investigation (CBI) has initiated an investigation into a Pune-based real estate firm for a ₹12.67 crore bank fraud. The probe involves allegations of misappropriation of funds and misconduct by a bank official.
Real Estate
Delhi Court Slams ED, Discharges Kamal Nath's Nephew's Aide in Rs 354-Crore Bank Fraud Case
A Delhi court has discharged Nitin Bhatnagar, a close aide to senior Congress leader Kamal Nath's nephew Ratul Puri, in a money-laundering case where Central Bank of India was allegedly cheated out of Rs 354 crore.
Real Estate Maharashtra
ED Cracks Down on Amtek Group in Bank Fraud Case with Multi-City Raids
The Enforcement Directorate conducts searches at 35 locations in Delhi-NCR and Maharashtra in connection with a bank fraud case involving the Amtek Group.