The case pertains to the syphoning off Rs 122 crore by the prime accused former General Manager Hitesh Mehta. After complaints, the RBI imposed transaction restrictions and EOW started a probe.
Hitesh Pravinchand Mehta, the former General Manager of the New India Cooperative Bank Limited, allegedly carried out a scam of Rs 122 crore from the two branches of the bank.
Bharti Airtel also made significant gains, climbing by 2.38% to Rs 1,342.95, amid expectations of tariff hikes post-general elections. Additionally, Tech Mahindra Ltd (TecM), Titan Company Ltd, and Infosys Ltd each recorded gains of over 2%.
Senior Congress leader Sunil Kedar has been disqualified from Maharashtra legislative assembly after a court convicted him of misappropiration of funds at a bank in 2002.
In a bid to enhance entrepreneurial skills among Agniveers the banks have also offered loans to the exiting Agniveers.
Noting that people who deposited their money in the bank were deeply anxious, the veteran leader said it was the responsibility of the government to protect and retain the credibility of the cooperative sector.
The Dominican government argued in court on Wednesday that Mehul Choksi -- the fugitive diamond trader wanted over the Rs 14,000 crore loan fraud at the Punjab National Bank -- be deported to India. The Dominican Public Prosecution Service has told the High Court that the petition filed by the 62-year-old is not maintainable and should not be heard. India will push for his early deportation, contending that he continues to be an Indian citizen.
Dominica's Leader of the Opposition Lennox Linton on June 2 clarified the allegations against taking bribery from Mehul Choksi's brother Chetan Choksi.
Vijay Mallya, who is accused of owing over Rs 9,000 crore to Indian banks and has challenged his extradition once again asked the Indian banks to take back 100 per cent of the principal amount owed to them.
Mumbai police on Thursday arrested two directors of the Housing Development Infrastructure Limited (HDIL) in the PMC Bank scam
The Supreme Court on Monday refused to interfere with the Bombay High Court's direction for the police to register an FIR against NCP leader Ajit Pawar and over 70 others in the Maharashtra State Cooperative Bank scam, saying the investigation cannot be stopped.
A grievance redressal mechanism has been put in place in the Ministry and at Central Nodal Agencies (CNAs) such as National Housing Bank (NHB) and Housing and Urban Development Corporation Ltd. (HUDCO), he said.
Nirav Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating PNB, the country's second largest lender, to the tune of more than Rs 13,000 crore.
On Thursday, the Central Bureau of Investigation registered a case against diamond jewellery exporter Dwarka Das Seth International for an alleged bank loan fraud to the tune of Rs 389.85 crore towards the Oriental Bank of Commerce.
Raipur: Congress in Chhattisgarh today demanded a CBI inquiry into an alleged multi-crore cooperative bank scam of 2006 and today met Governor Shekhar Dutt in this regard.They also demanded to make Chief Minister Raman Singh
Top News
Latest News
