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Bank Fraud: ED Says Accused Who Defrauded IOB Paid Managers' Flight, Hotel Bills FOLLOW US ON: Probing a Rs 299-crore Indian Overseas Bank loan fraud case, similar to the alleged USD 2 billion worth PNB swindle, the Enforcement Directorate has found that the accused "paid" for the air travel and hotel stay of a senior bank manager and his family as kickbacks. The central probe agency said "lapses" were also detected on the part of at least three managers — Anil Kumar, P C Rana and N Chokalingam — of the IOB branch in Chandigarh, "as well as the concurrent auditors." The ED case is related...

12730 New Delhi, December 22 Probing a Rs 299-crore Indian Overseas Bank loan fraud case, similar to the alleged USD 2 billion worth PNB swindle, the Enforcement Directorate has found that the accused “paid” for the air travel and hotel stay of a senior bank manager and his family as kickbacks. The central probe agency said “lapses” were also detected on the part of at least three managers—Anil Kumar, P C Rana and N Chokalingam—of the IOB branch in Chandigarh, “as well as the concurrent auditors”.        The ED case is related to its criminal money laundering investigati...

Another loan fraud emerges: IOB swindled out of Rs 299 crore PTI New Delhi: The Enforcement Directorate (ED) is currently probing a Rs 299-crore Indian Overseas Bank (IOB) loan fraud case. The case is similar to the alleged USD 2 billion worth PNB swindle. The Enforcement Directorate has discovered that the accused ‘paid’ for the air travel and hotel stay of a senior bank manager and his family as kickbacks. The central probe agency said ‘lapses’ were also detected on the part of at least three IOB managers. They are Anil Kumar, PC Rana and N Chokalingam. They all belong...

ED attaches assets worth Rs 6.03 cr in bank loan cheating case New Delhi, Dec 22 (UNI) The Enforcement Directorate (ED) on Tuesday said that it has provisionally attached assets worth Rs 6.03 crore of various accused and their associates in a case related to the Buyers Credit fraud of Rs 299 crore in the Indian Overseas Bank at Chandigarh, under the Prevention of Money Laundering Act, 2002 (PMLA). According to ED officials, the attached properties consist of FDRs worth Rs 56.65 lakh of a residential flat belonging to Supriya Kataria and her husband Sunil Kataria, land measuring 10 kanal and...

ED attaches properties of various accused in bank fraud case ​ By IANS | Published on ​ Tue, Dec 22 2020 19:42 IST | ​ 0 Views   ED raids 5 locations of UP ex-MLC in illegal sand mining case. Image Source: IANS News New Delhi, Dec 22 : The Enforcement Directorate (ED) on Tuesday said that it has attached properties to the tune of Rs 6.03 crore of various accused in connection with a case related to Buyers Credit Fraud of Rs 299 crore in a Chandigarh branch of the Indian Overseas Bank. The properties, attached under the provisions of money laundering act, include FDRs of amounts of...