ED Arrests Former Reliance Communications Director Punit Garg in ₹40,000 Crore Bank Fraud Probe
The Directorate of Enforcement (ED), Special Task Force, has arrested Punit Garg, former Director of Reliance Communications Limited (RCOM), for...
CBI Court Convicts then AGM of PNB, then MD of a Private Company and Others in Hyderabad Bank Fraud Case
In a recent development, the Special Judge for CBI Cases, Hyderabad has sentenced R. P. Garg, then AGM, Punjab National Bank, Banjara Hills, Hyderabad, Jitender Kumar Agarwal, then MD of M/s. Sheetal...
Bank Fraud: CBI Court Convicts Nine Accused Including Then Assistant General Manager, IDBI Bank & Others for Causing Loss Of Rs.99.21 Lakh
The Special Judge, CBI Cases, Visakhapatnam has convicted 9 accused including then AGM, Assistant Manager, both of IDBI Bank, 5 private persons & 2 private firms. The Court sentenced Sri...
Bombay HC Stays IBBI Order Disqualifying RV during Prosecution in relation to PMC Bank Fraud [Read Order]
In a significant ruling, a division bench of the Bombay High Court has stayed the action of the IBBI disqualifying a Registered Valuer on account of the scam relating to PMC Bank. The Petitioner,...
![Bombay HC Stays IBBI Order Disqualifying RV during Prosecution in relation to PMC Bank Fraud [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Bombay-High-Court-IBBI-IBBI-Order-Disqualifying-RV-Prosecution-PMC-Bank-Fraud-PMC-Bank-Bank-Fraud-taxscan.jpg "Bombay HC Stays IBBI Order Disqualifying RV during Prosecution in relation to PMC Bank Fraud [Read Order]")
Bombay HC grants Bail to Chartered Accountant and 10 Others in Bank Fraud Case worth Rs. 292 Crores [Read Order]
The Bombay High Court has recently granted bail to Chartered Accountants and ten others in the bank fraud case filed on the basis of a complaint by the General Manager of Indian Overseas Bank (IOB),...
![Bombay HC grants Bail to Chartered Accountant and 10 Others in Bank Fraud Case worth Rs. 292 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Bombay-High-Court-Chartered-Accountant-Bail-to-Chartered-Accountant-Bank-Fraud-Case-taxscan.jpg "Bombay HC grants Bail to Chartered Accountant and 10 Others in Bank Fraud Case worth Rs. 292 Crores [Read Order]")