Bank Fraud

Five Sentenced to 5 Years in Jail for Fraud in DRT Property Valuation Case 
Five Sentenced to 5 Years in Jail for Fraud in DRT Property Valuation Case 
News

Five Sentenced to 5 Years in Jail for Fraud in DRT Property Valuation Case 

By Atul Krishan April 3, 2025

The Madurai Bench of the Madras High Court has sentenced five individuals, including former bank and tribunal officials, to five years of rigorous imprisonment in a 2009 corruption case investigated by the CBI. The accused were found guilty of conspiring to undervalue auction properties for personal gain, leading to financial losses. The High Court overturned their 2016 acquittal, imposing a total fine of ₹27 lakh. However, the sentences have been temporarily suspended following a Supreme Court order.

View More Five Sentenced to 5 Years in Jail for Fraud in DRT Property Valuation Case 
A 60-year-old man, the main accused in a ₹65,000 loan fraud case, was initially remanded to 14 days' judicial custody despite the matter being settled.
A 60-year-old man, the main accused in a ₹65,000 loan fraud case, was initially remanded to 14 days' judicial custody despite the matter being settled.
News

Loan fraud case: Accused sent to jail despite settlement, later granted bail

By Atul Krishan November 27, 2024

A 60-year-old man, the main accused in a ₹65,000 loan fraud case, was initially remanded to 14 days’ judicial custody despite the matter being settled.

View More Loan fraud case: Accused sent to jail despite settlement, later granted bail
ICICI: Indian woman alleges 'bank manager stole $1.9m from account'
India

ICICI Bank Official Accused of Defrauding Businesswoman of Rs 16 Crore: FIR lodged with EOW 

By Atul Krishan February 28, 2024

A senior police official stated that about a week ago, the victim, Shveta Sharma, approached the EOW and filed a written complaint. EOW officials carefully examined her complaint before registering the FIR.

View More ICICI Bank Official Accused of Defrauding Businesswoman of Rs 16 Crore: FIR lodged with EOWÂ