BankFraud

₹56.43 Crore Bank Fraud: ED Takes Action Against M/s Snehal Enterprises and Associates

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₹56.43 Crore Bank Fraud: ED Takes Action Against M/s Snehal Enterprises and Associates

Directorate of Enforcement (ED), Jalandhar Zonal Office, has filed a ProsecutionComplaint (PC) on 06.08.2025 before the Hon’ble Special Court for PMLA at Mohali underPrevention of Money Laundering Act (PMLA), 2002, against M/s Snehal Enterprises, relatedpersons/entities, bank official and one government official involving in relation to a bankfraud case of Rs. 56.43 Crore.ED initiated investigation on … Read more

Supreme Court Cancels Bail granted to Dheeraj Wadhawan in a Rs. 34000 Crore Bank Fraud Case Accused directed to surrender within Two Weeks

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Supreme Court Cancels Bail granted to Dheeraj Wadhawan in a Rs. 34000 Crore Bank Fraud Case Accused directed to surrender within Two Weeks

In a significant development today, Hon’ble Supreme Court of India set aside the order passed by Hon’ble High Court of Delhi granting bail on medical grounds to accused Dheeraj Wadhawan in a case involving bank fraud to the tune of Rs. 34000 crores (RC 2242022A0001 – DHFL case). During the course of hearing the matter, … Read more

CBI Court Sentences Proclaimed Offender to 5 Years RI with a Fine of Rs. 10,000 in a Bank Fraud Case

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CBI Court Sentences Proclaimed Offender to 5 Years RI with a Fine of Rs. 10,000 in a Bank Fraud Case

The Spl. Judge, CBI Court, Ghaziabad, today. i.e. 30.07.2025 convicted and sentenced the accused Bablu Alias Ravindra Yadav (Pvt Person) to 05 Years Rigorous Imprisonment (RI) with fine of Rs.10,000/- in a bank fraud case. The bank fraud case was registered by CBI on 05.12.2011 on the basis of written complaint of AGM, State Bank of India, Meerut, … Read more

CBI Arrests Proclaimed Offender in a Bank Fraud Case

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The Central Bureau of Investigation (CBI) has arrested today, i.e. 24.07.2025 a proclaimed offender Shri Bablu Alias Ravindra Yadav from Gulawati, Bulandshahar, U.P. in a Bank fraud case. The bank fraud case was registered by CBI on 05.12.2011 on the basis of written complaint of AGM, State Bank of India, Meerut, U.P. alleging that Mr. … Read more

33 Bank Accounts Frozen in Ongoing Bank Fraud Probe

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33 Bank Accounts Frozen in Ongoing Bank Fraud Probe

Directorate of Enforcement (ED), Hyderabad Zonal Office has conducted search operations on22.07.2025 at six locations in Hyderabad under the provisions of the Prevention of Money Laundering Act(PMLA), 2002 in connection with a bank fraud case against M/s SEW Infrastructure Ltd. (SIL), M/s Prasad &Company (Project Works) Pvt. Ltd. (PSPWPL), group companies and their promoters / … Read more

CBI Arrests Proclaimed Offender in a high-value Bank Fraud Case ; Advanced Tech Tools help identify and locate the accused absconding for nearly Seven Years

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CBI Arrests Proclaimed Offender in a high-value Bank Fraud Case ; Advanced Tech Tools help identify and locate the accused absconding for nearly Seven Years

The Central Bureau of Investigation (CBI) has traced and arrested a proclaimed offender Smt. Nasreen Taj, in a high-value bank fraud case, pursuant to sustained and meticulous efforts made by the investigating team. The instant bank fraud case was registered by CBI on 15.04.2009 against accused persons including, the then Branch Manager of Syndicate Bank, … Read more

ED Raids Unearth Alleged Money Laundering by Shushruti Bank Chairman

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ED Raids Unearth Alleged Money Laundering by Shushruti Bank Chairman

Directorate of Enforcement (ED), Bengaluru Zonal Office has conducted search operations on17.07.2025 under the provisions of Prevention of Money Laundering Act (PMLA), 2002 at 15 locationsacross Bengaluru and Ramanagara Districts including the office of Shushruti Souharda Sahakara BankNiyamitha and residential premises of its chairman N Srinivasa Murthy and other accused/suspectedpersons. During search proceedings incriminating documents, … Read more

ED Restores ₹55.85 Crore in Era Infra Fraud Case to New Management

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ED Restores ₹55.85 Crore in Era Infra Fraud Case to New Management

In a move to restore the Proceeds of Crime (POC) to the rightful claimants, the Directorate of Enforcement(ED), has restored properties valued at Rs. 55,85,96,157/- to the Successful Resolution Applicant in the caseof Era Infra Engineering Limited.ED initiated investigation on the basis of an FIR filed by CBI vide FIR No. RCBD1/2018/E/0007 dated12.04.2018 against Era … Read more

Bank of Maharashtra Fraud: 4 Sentenced to Prison, ₹1.04 Cr Fine

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Bank of Maharashtra Fraud: 4 Sentenced to Prison, ₹1.04 Cr Fine

Fraudsters Convicted in a Bank Fraud case of Rs. 171.90 lakhs Four Accused including two then Officers of Bank of Maharashtra Sentenced to 4-16 Years RI with total fine of Rs. 1.04 crore The XI Addl. Special Judge, Chennai, on 30.06.2025 convicted and sentenced, four accused namely Shri R. Ramesh, the then Asst. General Manager, … Read more

ED Files PMLA Complaint Against Former SDCC Bank President in Gold Loan Fraud Case

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ED Files PMLA Complaint Against Former SDCC Bank President in Gold Loan Fraud Case

Directorate of Enforcement (ED), Bengaluru Zonal Office has filed a ProsecutionComplaint (PC) under the Prevention of Money Laundering Act (PMLA), 2002 against R.M.Manjunatha Gowda, Former President of SDCC Bank & Karnataka State Co-operativeApex Bank, before the Hon’ble Special Court (PMLA) on 06.06.2025.ED initiated investigation on the basis of one FIR registered by Shimoga Policeregarding gold … Read more