Banks scam

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RBI to investigate Citibank fraud, Hero Honda a victim too

Chandigarh: Reserve Bank of India today said it has initiated a probe into the Rs 300 crore fraud at Citibank's Gurgaon branch and would soon issue a statement in this regard.

"Any bank where frau

Police question Hero CFO in Citibank fraud

Gurgaon: Police today questioned Chief Financial Officer of Hero Corporate Services over investment with a Citibank official suspected to be involved in a Rs 300 crore fraud even as they claim that t

Citibank manager accused of major fraud held, more arrests likely

Gurgaon/New Delhi: Citibank manager Shivraj Puri, accused of cheating the bank's customers, surrendered before police and was taken into custody on Thursday even as the quantum of his alleged fraud wa

Probe into Citibank fraud

New Delhi: Police said on Wednesday they were investigating Citibank staff in Gurgaon over a multi-million-dollar scam targeting wealthy clients.

Employees at the bank in Gurgaon, where many internat

Cheating Citibank employee who stole crores remains missing

Gurgaon: A Citibank employee accused of cheating investors of over Rs.300 crores after promising to double their deposits continues to be on the run, police said on Wednesday, a day after one of India

It's been a year of scams for India

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New Delhi: The Central Bureau of Investigation (CBI) began interrogating a former telecoms minister A. Raja on Friday in the country's biggest corruption case, a move the government hopes will help ea

ICICI withdraws housing loan plan

ICICI Bank Ltd has withdrawn a special housing loan scheme with immediate effect, a spokesman for the bank said on Wednesday.

The spokesman did not give any reason for withdrawal, but the schemes hav

'Don't press panic button, your money is safe'

New Delhi: Assuring the safety of their funds, Finance Minister Pranab Mukherjee today asked investors not to press panic button over the housing finance racket as the loans were protected.

"Ther

CBI brings 21 firms into bribery probe

The Central Bureau of Investigation has sent notices to 21 medium-to-large sized Indian companies regarding an ongoing probe into a financial bribery scandal, a senior CBI source told Reuters on Frida

'LIC very strong; law to deal with officers'

New Delhi: The country's largest insurer Life Insurance Corporation today said the organisation is 'very strong' and the housing finance racket involved only individual officers who will be taken care

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