ED’s Chandigarh team has taken major action in the big bank fraud case of about Rs 590 crore that came to light in the Chandigarh branch of IDFC First Bank. ED has started search operation at 19 different locations in this case, so that the entire money trail and proceedings of crime can be traced….
The Enforcement Directorate (ED) conducted search operations at several places in Hyderabad in connection with the investigation into alleged money laundering and bank fraud against companies linked to industrialist Anil Ambani. After this action, there was commotion throughout the day in the major corporate areas of the city. The teams of the investigating agency kept…
IDFC First Bank’s investors are shaken, pulling the stock down as much as 20% following reports of a fraud at the fast-growing lender. What began as a disappointing de-empanelment of IDFC and AU Small Finance Bank by the Haryana government—affecting 0.5% of their deposits—quickly evolved into something far more unsettling. Both banks were accused of…
IDFC First Bank fraud: IDFC First Bank shares hit its 10% lower circuit of ₹75.21 on Monday, February 23 after the lender informed stock exchanges that it had uncovered fraudulent transactions worth around ₹590 crore at one of its branches in Chandigarh, allegedly involving a few employees. As per the lender, the issue came to…
New Delhi [India]February 19 (ANI): Anil D Ambani has told the Supreme Court that his role in the concerned companies was that of a Non-Executive Director only and that he was not involved in the day-to-day management or operational affairs of the companies in question. The statement has been made in an undertaking/compliance affidavit filed…
A woman’s account of an alleged credit card fraud has sparked a wider conversation on banking safeguards and customer support after she claimed her father lost thousands of rupees despite reporting the issue within hours. Taking to By morning, ₹₹42,000 had allegedly been debited from his credit card. According to her post, the card was…
CBI’s Panchkula court has sentenced two private companies and six people by holding them guilty in a major case of bank fraud. This case was related to a bank fraud of Rs 152 crore, in which the accused were accused of taking a loan from the bank and misusing it. The CBI court clearly stated…
The Central Bureau of Investigation (CBI) on Thursday conducted raids at several locations in West Bengal in connection with an alleged bank fraud case, as reported by. PTI. The searches relate to an alleged bank fraud case of ₹7.5 crore in Uco Bank. The agency had taken over the case on the complaint of the…
The phone rang but no one said anything? The new scam starts from here! One mistake and you can become a victim, know how fraud is happening Source
Gurugram zonal office of ED has taken important action in a major bank fraud case on 15 December 2025. ED has filed a charge sheet in the PMLA Court Gurugram against the then directors and shareholders of M/s Allied Strips Limited Gaurav Aggarwal and Mohendra Aggarwal, Kolkata-based entry operator Jagdish Prasad Purohit and several companies…
