Two held for bank fraud in Chennai
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The Anti-Bank Fraud Wing of the Central Crime Branch (CCB) has arrested two persons for availing of loans from a private bank by producing fabricated documents.
They were arrested by the CCB following a complaint from Josman P. David, vice president of Federal Bank, Anna Salai. He alleged that a firm, Swasthik Associates had availed of a cash credit loan of ₹2 crore from Kotak Mahindra Bank. The firm then got the loan transferred to the Federal Bank and also availed of an additional loan of ₹2.6 crore for buying trucks and trailers from the bank by fraudulent means after producing fabricated documents. Mr. David had asked the Police Commissioner to take criminal action against the accused for fraud.
On Thursday, the Central Board of Trustees, EPF, recommended 8.50 per cent annual rate of interest to be credited on EPF accumulations in members accounts for the financial year 2020-21.The
Hong Kong won’t appeal ex-JPMorgan banker bribery acquittal
Leung Kar-cheung was acquitted of two counts of bribery on 1 February By Thursday March 4, 2021 8:16 am
The Hong Kong government won’t appeal the acquittal of an ex-JPMorgan banker accused of bribery after offering a job to the son of a client.
Ex-banker Catherine Leung Kar-cheung was charged in 2019 with bribing the chair of Kerry Logistics by offering a job to his son, The Wall Street Journal reported.
Leung was acquitted of two counts of.