Odisha: Economic Offences Wing lodges FIR against BJD MLA Soumya Ranjan Patnaik on 50 cr loan fraud
India | September 19, 2023 19:49 ISTThe Economic Offences Wing (EOW) of Odisha Police’s Crime Branch said investigation into the matter is underway.
The Economic Offences Wing (EOW) of Odisha Police’s Crime Branch said investigation into the matter is underway.
Videocon loan fraud case: Kochhar couple, Venugopal Dhoot of Videocon Group, along with companies Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited were booked by the CBI as accused.
According to cloud security company Lookout, these loan apps exploit victims' desire for quick cash to trap borrowers into predatory loan contracts and require them to grant access to sensitive information such as contacts and SMS messages.
Bank loan fraud case: The ED said the loans were "not used" for the intended purposes and were defaulted, the agency said.
The company was shown having the business of clothes and garments. To secure the CC limit, forged documents of a property were mortgaged with the bank.
The Enforcement Directorate has attached properties worth Rs 255 crore in a case connected to fraudulent availing of agricultural loans in the name of poor farmers.
Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.
The CBI has registered a case against the company, its chairman Gurmit Singh Mann, deputy MD Gurpal Singh and others in connection with the alleged bank loan fraud of Rs 97.85 crore.
The CPS detailed "three chapters of dishonesty" by the former Kingfisher boss -- the first being misrepresentations to various banks to acquire the loans, then how he misused the money and finally his conduct after the banks recalled the loans.
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